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Argentina's president Javier Milei has backtracked on a tweet promoting a memecoin called Libra, which rose to a $4.4 billion market cap before plunging by more than 95%.In a now-deleted tweet, Milei initially wrote: "This is a private project dedicated to encouraging the growth of the Argentine economy," along with
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Justin Sun wishes he could travel more. But there’s too much to do."There are too many exciting things happening in crypto every week," he said in a December interview with CoinDesk at home in Hong Kong. "I don't really take vacation time. It's hard to get away for a week."If
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This article is part of a four-piece series on El Salvador. You can find the previous dispatch, a story on Bitcoin City, here.The sun was setting as I rolled into El Zonte, a small surfing village on the coast of El Salvador. It was a late January afternoon. The sky
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Leading stablecoin issuer Tether announced earlier today it has invested in Italian football club Juventus FC, leading to a massive price rise not only for the club’s crypto fan token JUV, but also for other crypto fan tokens.The price of Juventus Fan Token surged more than 200% before seeing a
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CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 3298.82, up 2.9% (+92.48) since yesterday's close.Nineteen of 20 assets are trading higher.Leaders: XRP (+9.4%) and XLM (+6.1%).Laggards: APT (+0.0%) and ADA (+0.3%).The CoinDesk 20
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By James Van Straten (All times ET unless indicated otherwise)Bitcoin (BTC) continues to climb the wall of worry, pushing above $97,000 despite hotter-than-expected U.S. consumer and producer price inflation reports in the past couple of days. That's a surprise. With prices rising and the likelihood of a Fed rate cut
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Remixpoint (3825), a Japanese energy consulting firm that decided to build up cryptocurrency reserves, boosted its holdings by more than 8,000% in the nine months ended Dec. 31 and is now close to having spent its target of 10 billion yen ($65 million).The Tokyo-based company held 5.8 billion yen ($38
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Story Protocol launched its intellectual property-focused blockchain and associated IP token on Thursday.The blockchain is positioned as the "world's intellectual property network," providing users with a way to register their IP and track how others use it. The aptly named "$IP" token, which Story announced last week, is used for
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Life comes at you fast. Memecoin cycles… even faster.Such was the gwei on a bloody Thursday in the memecoin trenches. The trend of the day was Changpeng Zhao's dog. The former Binance CEO said on X that he would tweet its name and photo, knowing full well that the simple
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The co-founders of Hashflare, a crypto mining ponzi scheme that stole $577 million from hundreds of thousands of investors around the world, both pleaded guilty on Wednesday to conspiracy to commit wire fraud.Sergei Potapenko and Ivan Turõgin, both 40, were arrested in their native Estonia in November 2022 and extradited
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