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2024-03-13 08:15:00 $1.4 billion of bitcoin mined last year by once bankrupt Core Scientific

Earlier this year, the crypto mining firm Core Scientific emerged from bankruptcy and had its shares relisted on Nasdaq. On Tuesday, the company said that last year, it mined 19,274 bitcoin, worth about $1.4 billion at current prices. Core Scientific reported on Tuesday that it had self-mined 13,762 bitcoin for its own account on top of "an estimated 5,512 for our hosting clients’ accounts." The company also reported a net loss of $195.7 million, which it said was an improvement of $239.2 million.

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2024-03-13 00:02:13 Two Binance executives detained in Nigeria for two weeks: reports

Two Binance executives — Tigran Gambaryan and Nadeem Anjarwalla — have been detained for the past two weeks in Nigeria against their will, amid accusations of the exchange making illegal transaction profits locally, according to multiple media reports. Nigerian authorities seized their passports, but the officials did not inform the two of their charges, according to Wired.

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2024-03-12 11:10:00 Trump says he has no intention of stopping people from using Bitcoin

Former US President Donald Trump said that Bitcoin is an “additional form of currency” that has “taken on a life” of its own, and he has no intention of stopping people from using it. Trump made the statement during an interview on CNBC’s Squawk Box on March 11. His comments come amid a backdrop of growing interest in crypto as Bitcoin has once again entered price discovery mode after setting a new all-time high.

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2024-03-11 20:51:13 Tether to launch USDT stablecoin on Celo blockchain

Stablecoin issuer Tether is set to launch its token on Celo, an Ethereum virtual machine-compatible blockchain that is in the process of transitioning to an Ethereum Layer 2 network. Tether's Celo expansion will bring USDT to over a dozen blockchains, including Ethereum, Solana, Avalanche, Polygon, and Near. Last August, Tether discontinued support for the Kusama, Bitcoin Cash Simple Ledger Protocol and Omni Layer networks, citing a lack of demand, while redemptions on those networks will continue until August this year.

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2024-03-10 23:15:41 BlackRock's Bitcoin ETF Nears 200K BTC, Passing Michael Saylor's MicroStrategy

In less than two months of existence, the BlackRock iShares Bitcoin ETF (IBIT) has accumulated more bitcoin (BTC) than MicroStrategy (MSTR). According to the fund's latest disclosure, IBIT held 195,985 bitcoin on Friday after another day of significant inflows. Meanwhile, the most recent public statements from MicroStrategy show the company as of Feb. 26 held 193,000 tokens.

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2024-03-10 11:01:43 Crypto Analyst Predicts Bitcoin Could Surpass $330,000, Breaking Historical Growth Patterns

In an analysis posted on Tradingview, cryptocurrency analyst Tradingshot presents a view where bitcoin might cross the $330,000 threshold. Utilizing a blend of historical pattern disruptions and the Theory of Diminishing Returns (TODR), the market analyst posits that the upcoming cycle may break from the traditional pattern of lesser yields.

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2024-03-09 20:06:30 Solana Price Hits Two-Year Peak of $150 as DeFi Volume Tops Ethereum

Bitcoin and Ethereum aren’t the only major cryptocurrencies making moves: Solana rose above the $150 price point on Friday for the first time since January 2022. The two-year peak for Solana comes as Bitcoin hit another all-time high price Friday morning above $70,000, while Ethereum reached $4,000 for the first time since 2021. Solana dipped after hitting its own milestone, falling from above $152 to about $143.

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2024-03-09 11:16:11 Tether to Collaborate With Uzbekistan on Developing Crypto Infrastructure Projects

Tether, one of the largest stablecoin companies, announced a collaboration with the government of Uzbekistan to develop cryptocurrency and communication projects. The memorandum of understanding (MoU) signed between the parties encompasses issuing a comprehensive crypto legal framework, developing an independent comms and financial system, and establishing crypto-related educational programs.

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2024-03-08 21:11:03 Ether Could Run to $10,000 or Higher This Year on Numerous Catalysts: Bitwise

Ether (ETH) has been "largely overshadowed" by bitcoin (BTC) for the past several months, but the laggard could more than double in price in 2024, according to Juan Leon, crypto research analyst at asset manager Bitwise. "[Ether] could very well go above $8,000, $10,000 this year, maybe even higher," said Leon in an interview with CoinDesk Markets Daily.

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2024-03-08 10:51:16 Montenegro decides to extradite Do Kwon to South Korea in retrial

The Montenegrin high court overseeing Terraform Labs co-founder Do Kwon’s extradition retrial has decided to send him back to South Korea instead of the US, local media reported on March 7. The decision will likely be final as the case has gone through multiple stages of trials and appeals over the past year as both countries vied for Kwon’s custody due to the high-profile nature of the case.

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