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2024-02-03 12:52:01 Coinbase analysts see downside pressures on bitcoin's price becoming 'exhausted'

Downside pressures on bitcoin and the broader cryptocurrency market are starting to become exhausted, which could lead to a more supportive trading environment, according to Coinbase analysts. Coinbase's Weekly Market report, released on Friday, described how certain technical factors that had been exerting downside pressure on bitcoin specifically and the broader crypto market are beginning to wane.

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2024-02-02 21:36:06 Bankrupt FTX wants to sell $175 million claim against Genesis to aid creditor repayment

FTX bankruptcy estate intends to sell its $175 million general unsecured claim against the collapsed crypto lender Genesis, according to a Feb. 2 court filing. FTX proposed to divest these claims through public auctions or private transactions, either in entirety or in parts, with single or multiple purchasers. The generated funds would be used to facilitate debt repayment and also restructure its financial obligations to creditors.

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2024-02-02 12:21:16 Hamas victims file class action against Binance over allegedly facilitating terrorism financing

Families of Hamas victims have filed a lawsuit against the cryptocurrency exchange Binance in a federal court in Manhattan, alleging that the platform indirectly facilitated financial transactions for Hamas, Bloomberg News reported Feb. 1. The plaintiffs are seeking compensatory and punitive damages in an effort to hold the exchange accountable.

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2024-02-01 20:41:18 Bitcoin challenges ‘Magnificent Seven’ tech giants with 84% annual gain amid ETF buzz

The nascent Bitcoin ETF market has been on a remarkable journey in its initial two weeks, sparking an industry-wide discourse on potential capital migration from other assets into these ETFs. As Bitcoin matures as an asset, such long-term shifts may become more prominent, especially considering the stellar performance of tech stocks over the past year.

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2024-02-01 10:05:54 BlackRock wants to project Bitcoin ETF ads onto former banks, filing says

BlackRock proposed a campaign to project spot Bitcoin ETF advertisements onto the sides of buildings in a Jan. 31 SEC filing. Each image otherwise shows a timeline of events leading up to the launch of BlackRock’s spot Bitcoin ETF this January. Certain images describe the launch of the first stock market in the U.S. in 1790, the first U.S. ETF in 1993, the launch of Bitcoin in 2009, and the first Bitcoin futures contract in 2017.

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2024-01-31 21:02:00 Ethereum's 'Dencun' Upgrade Goes Live on Second Testnet, With Just One Remaining

The Ethereum blockchain's biggest upgrade since early 2023 went live on the second of three test networks, bringing the much-anticipated "Dencun" project and its "proto-danksharding" feature a step closer to reality. The number of layer-2 chains atop Ethereum is expanding fast, so the upgrade is seen as an essential element of the ecosystem's roadmap for supporting the growth.

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2024-01-31 10:49:59 Terraform Labs says bankruptcy helps afford appeal against SEC’s fraud lawsuit

Terraform Labs’ Chapter 11 bankruptcy protection would allow the company to pursue an appeal against the U.S. Securities and Exchange Commission’s securities fraud lawsuit, the company said in a Tuesday filing. The company filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware on Jan. 21, with estimated assets and liabilities between $100 million and $500 million.

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2024-01-30 21:00:00 Memecoin Floki blocks Hong Kong users from staking programs amid regulatory warnings

The Floki Inu cryptocurrency team has ceased Floki and TokenFi staking programs in Hong Kong after the local regulator listed them as “suspicious investment products,” according to its statement. Floki’s comment comes in response to the Securities and Futures Commission’s warning released on Friday. The SFC warned the public of Floki Staking Program and TokenFi Staking Program — both of which claim to offer annual returns of 30% to over 100%, according to the notice.

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2024-01-30 11:00:00 EU agency says crypto firms can sometimes serve non-European users

EU-based crypto firms can serve non-EU customers in some cases, the European Securities and Markets Authority (ESMA) said on Jan. 29. It emphasized that companies cannot use the exemption to bypass Markets in Crypto Assets Regulation (MiCA) rules. MiCA came into force in June 2023 and set out many new rules for cryptocurrency industry members in the EU.

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2024-01-29 20:51:09 Bitcoin Technical Analysis: Bearish Signals and Bullish Hints Amidst Market Turbulence

Bitcoin, the leading digital currency by market cap, showcased nuanced market dynamics on Jan. 29, 2024. Bitcoin’s value fluctuated within a narrow band, ranging from approximately $41,950 to $42,069 within the last hour. Indicators such as oscillators and moving averages reveal a diverse perspective, indicating a multifaceted interaction of market factors. As the price fell beneath the $42,000 threshold, it appears that bearish forces have momentarily gained the upper hand.

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