Friday, March 29, 2024
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Crypto-friendly Robinhood inches to UK with local CEO appointment

Cryptocurrency-friendly trading platform Robinhood is moving forward with plans to launch services in the United Kingdom with a new major local appointment.Robinhood has appointed former Barclays executive Jordan Sinclair as the new CEO to run its United Kingdom entity, according to data from the Financial Conduct Authority.According to FCA, Sinclair

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EU’s MiCA Crypto Legal Framework Inches Towards Law With EU Council Finance Ministers’ Sign-Off

MiCA requires crypto firms such as wallet providers and exchanges to seek a license to operate across the bloc, and stablecoin issuers to hold suitable reserves. Its main features were politically agreed in June, but it’s been subject to administrative hold-ups. Major provisions take effect just over a year after

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Tether’s Market Cap Inches Towards All-Time High as Competitors Struggle With Redemptions  – Bitcoin News

Despite several U.S. dollar-pegged digital tokens experiencing notable redemptions in recent months, the largest stablecoin by market valuation, tether, is on the verge of achieving its highest-ever market capitalization. With a current value of $82.84 billion, tether is a mere $433 million shy of reaching its all-time high (ATH) set

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Can Ethereum crack $2K? ETH price inches closer despite new unlocked supply

The price of Ethereum's Ether (ETH) token came just a few dollars from hitting $2,000 a day after the launch of the network's long-anticipated Shanghai upgrade.Ethereum ducks sell-the-news fearsOn April 13, Ether's price gained roughly 4% to reach an intraday high of $1,996 on Coinbase, ignoring the potential selloff pressure the

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MicroStrategy’s ($MSTR) $4 Billion Bitcoin Bet Inches Towards Profitability

Bitcoin’s recent hike has brought MicroStrategy’s Bitcoin bet closer to profitability again. Under Michael Saylor, the IT firm spent over $4 billion to acquire more than 138,900 BTC over three years. The Bitcoins were purchased for an average price of $29,817, just $1500 more than its current price. The company’s share price has

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