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2024-03-02 23:10:31 Judge grants SEC’s deadline extension on Ripple case

Judge Analisa Torres has approved a request from the Securities and Exchange Commission (SEC) to extend the deadline for filing a submission that could lead Ripple Labs’ case to an end. Court documents filed on March 1 granted the SEC an extension to file its remedies-related discovery materials submitted by Ripple. The extension allows the regulator to file its opening brief until March 22. The deadline for Ripple's opposition brief has also been extended to April 22, and the new deadline for the SEC to file a reply would be May 6, 2024.

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2024-03-01 19:50:28 BlackRock’s Bitcoin ETF sees massive inflow while Grayscale faces second largest outflow

Data from BitMEX suggests that BlackRock’s IBIT had another remarkable day for the Bitcoin ETFs. It witnessed the second-largest inflow since trading started, with $604 million coming under management, equivalent to roughly 10,000 BTC. This dramatic influx escalated the cumulative total of inflows for IBIT to an impressive $7.8 billion. As a result, BlackRock’s total Bitcoin holdings have surged to 161,378 BTC.

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2024-02-29 20:35:00 Coinbase stock hits multi-month highs despite platform glitch as trading volume surges

Coinbase’s stock hit multi-month highs yesterday despite heavy web traffic causing a glitch on the crypto exchange as trading volume surged. Coinbase shares gained just 1% on Wednesday, but that was enough to close above the $200 mark for the first time since January 2022, according to TradingView. COIN traded for $200.80 by market close on Wednesday, up 58% over the past month.

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2024-02-29 11:40:21 Binance drops Nigerian naira from P2P platform amid forex manipulation concerns

Crypto exchange Binance has removed Nigeria’s fiat currency, Naira, from the national currencies it supports on its peer-to-peer platform, according to CryptoSlate sources. Meanwhile, the Financial Times reported that two Binance executives have been detained in the country, with their passports seized. The Binance employees had traveled to Nigeria to resolve the country’s ban on crypto exchange websites.

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2024-02-28 23:55:00 The Bitcoin all-time high in an inflation-adjusted world is $77,000

The inflationary scenario the economy has been grappling with since 2021 has prompted a fresh look at Bitcoin’s performance. The true gravity of inflation’s impact on the digital asset market can be seen when adjusting Bitcoin’s all-time high of approximately $69,420 in November 2021 to a CPI inflation-adjusted figure. The calculation, based on CPI metrics, reveals a striking reality: for Bitcoin to truly reclaim its zenith, it would need to reach closer to a value of $77,000, according to data provided by the US Bureau of Labour Statistics.

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2024-02-28 11:45:17 Justin Sun says he owns $1.6 billion of bitcoin with bizarre screenshot of HTX wallet

The always outspoken Justin Sun seems eager to convince the world that he does, in fact, use the HTX cryptocurrency exchange. On Tuesday, Sun took to X to share a screenshot of what he says is his HTX wallet which contains about 28,614 bitcoin, worth about $1.6 billion at current prices. Apparently, Sun posted the image in response to suggestions he did not use HTX frequently, despite serving as the company's global advisor.

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2024-02-27 23:10:41 MicroStrategy Is a Timely Play on Bitcoin Halving; Initiate at Buy: Benchmark

MicroStrategy (MSTR) has a unique business model based on the acquisition and holding of bitcoin (BTC), which represents the majority of the software company’s valuation, investment banking firm Benchmark said in a Tuesday research report initiating coverage of the stock. Benchmark has a buy rating on the shares with a $990 price target. MicroStrategy added about 8% to $860.75 in early trading on Tuesday.

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2024-02-27 13:15:20 Bitcoin surges above $56,000 to hit record high since November 2021

Bitcoin price surged over 10% to hit a high of $56,740 at one stage on Tuesday morning Asia time, the highest value since November 2021, according to The Block’s Price Page. “A key reason behind this surge can be attributed to Bitcoin spot ETF trading volume which reached a new height of $2.4 billion on Feb. 26, further boosting U.S investors’ confidence in this asset class.” Lucy Hu, a senior analyst of Metalpha, told The Block.

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2024-02-26 21:45:33 Solana suffers $3 million ETP outflows post-outage as Bitcoin responsible for 95% of inflows

Solana’s recent outage appears to be weighing heavily on investors’ minds, with crypto investment products related to the blockchain network seeing outflows of $3 million during the past week. On Feb. 6, Solana experienced an outage that halted blockchain transactions for five hours due to a bug that pushed it into an infinite loop. While a patch was promptly developed, community members pointed out that the network has a rich history of outages in the past.

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2024-02-26 09:35:12 Coinbase Denies Reports of Nigerian Crypto Ban

Cryptocurrency platform Coinbase is denying reports that it is being blocked in Nigeria. Last week saw a report by the Financial Times (FT) that the Nigerian government had gotten the country’s telecoms to block platforms including Coinbase, Binance and Kraken. However, a spokesperson for Coinbase told Coindesk on Thursday (Feb. 22) that it was still in operation in Africa’s largest nation.

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