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2024-05-07 20:19:58 Binance CEO calls for release of colleague detained in Nigeria

Binance CEO Richard Teng has spoken out on the ongoing detention of colleague Tigran Gambaryan in Nigeria, publicly claiming for the first time the crypto exchange’s compliance officer is “innocent and must be released.” “To invite a company’s mid-level employees for collaborative policy meetings, only to detain them, has set a dangerous new precedent for all companies worldwide,” Teng wrote in a blog post early Tuesday.

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2024-05-07 08:37:04 Less Than 10% of Stablecoin Transaction Volume Coming from Real Users: Report

Less than 10% of stablecoin transaction volumes are organic or come from real people, according to new findings by Visa and data platform Allium Labs, Bloomberg reported. Out of about $2.2 trillion in total transactions in April, just $149 billion originated from “organic payments activity,” the report said. The analysis removed transactions done by bots and large-scale traders to “isolate those made by real people.”.

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2024-05-06 21:26:34 Crypto has been 'validated significantly’ with spot bitcoin ETF approval, says Pantera Capital exec

This year's approval of spot bitcoin exchange-traded funds in the U.S. has provided substantial validation for the crypto industry, according to Pantera Capital general partner Franklin Bi, as the crypto venture capital firm is raising a new mega $1.25 billion fund. While Bi declined to comment specifically on Pantera's new fund, he told The Block in an interview that this is an opportune time for venture firms, in general, to raise new capital and position themselves to support emerging startups.

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2024-05-05 21:06:51 Nigeria Weighs Tighter Rules on Crypto Market, Calls Meeting

The Nigeria crypto market is drawing scrutiny from the government amid worries over unlawful activities and currency manipulation. The country saw a massive $56.7 billion in crypto transactions between July 2022 and June 2023, according to blockchain analysis firm Chainalysis. According to sources, the government may temporarily prohibit peer-to-peer (P2P) cryptocurrency trading to allow for the development of a comprehensive regulatory framework.

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2024-05-05 08:36:37 SEC postpones decision on 7RCC Spot Bitcoin and Carbon Credit Futures ETF

The Securities and Exchange Commission said it will take more time to decide next steps on a proposed exchange-traded fund focused on carbon credit futures contracts and bitcoin. In a filing made on Thursday, the agency said it would decide to "approve or disapprove, or institute proceedings" for the 7RCC Spot Bitcoin and Carbon Credit Futures ETF by June 24, 2024.

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2024-05-04 18:07:33 US Government Could Target Bitcoin, Warns 'Wolf of All Streets' Amid Crypto Attacks

Scott Melker, also known as the “Wolf of All Streets,” shared his concerns regarding the U.S. government coming after bitcoin in a post on social media platform X Thursday. His warning followed a series of attacks by the U.S. government on other cryptocurrencies. Melker is a well-known trader, investor, writer, and host of the Wolf of All Streets podcast. In 2020, he won the Binance Influencer of the Year Award for North America.

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2024-05-03 23:35:53 Tectum team showcases instant #Bitcoin payments using SoftNote. Mass Adoption is already here! Time to buy $TET
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2024-05-03 19:12:14 Bitcoin miner CleanSpark records highest single mining day in April in post-halving report

CleanSpark has released its first monthly unaudited Bitcoin mining and operations update since the halving. The company exceeded 17 EH/s in hashrate, mining an impressive 721 BTC with a record daily high of over 48 BTC. CEO Zach Bradford highlighted the company’s monthly gains in efficiency metrics as they deploy advanced S21 machines across their expanding facilities. These improvements have amplified mining output and optimized operational costs.

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2024-05-03 08:02:10 Elizabeth Warren raises concerns over Iran’s crypto mining operations

Senators Elizabeth Warren and Angus S. King, Jr. have formally addressed top Biden administration officials in a letter concerning US efforts to combat Iran’s utilization of crypto mining as a means to evade international sanctions. Addressed to Secretary of Defense Lloyd Austin, National Security Advisor Jake Sullivan, and Treasury Secretary Janet Yellen, the letter details concerns over Iran’s increasing capabilities in the sector since it legalized crypto mining in 2019.

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2024-05-02 21:11:48 Spot bitcoin ETFs record largest daily net outflows ever

Spot bitcoin exchange-traded funds in the U.S. recorded $563.7 million in total net outflows on Wednesday — the largest total net daily outflows since their debut — according to data from SosoValue. Fidelity’s FBTC experienced the largest net outflows among the ETFs, with over $191 million moving out of the fund. That exceeded the $167.3 million net outflow recorded by Grayscale’s GBTC, SosoValue data showed.

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