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Bitcoin traders demand ‘slow grind’ up after BTC price drops over 4%

Bitcoin (BTC) traded moderately higher on Oct. 3 after giving back $1,300 of gains into the daily close.BTC/USD 1-hour chart. Source: TradingViewBitcoin bulls slip at $28,600Data from Cointelegraph Markets Pro and TradingView showed BTC price action focusing on $27,500.The pair unwound overnight, descending from six-week highs near $28,600 to bounce

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U.S. Government Shutdown, Assuming It Doesn’t Run Long, Will Slow, Not Cripple Crypto Efforts

“If the government shuts down, forward progress on bills will be stalled,” said Sheila Warren, CEO of the Crypto Council for Innovation, an industry advocacy organization, who says she’s concerned about lawmakers losing the focus that’s been a challenge for the industry to build. “In the aftermath of a shutdown,

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PayPal Releases First PYUSD Transparency Report, Shows Slow Adoption

Despite the slow uptake, the transparency report suggests that PYUSD is effectively backed up by reverse repurchase agreements. Payment giant Paypal has shared its first PayPal USD (PYUSD) transparency report with the public. The report comes 39 days after it announced the launch of the stablecoin. PayPal unveiled its  PYUSD stablecoin on

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EU’s ECB Faces Opposition to Digital Euro Plans That Threaten to Slow CBDC Project

Ultimately central bank officials are usually economists, not marketing experts, and technical answers may only go so far. As Erik Luts, chief innovation officer at Belgian bank KBC, said, for CBDCs to work, people need to trust them, and that requires its proponents not just to argue over details, but

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SBF blames slow internet as lawyers refute DoJ claims that computer access is sufficient

FTX founder Sam Bankman-Fried’s legal team argued that the Department of Justice (DoJ) is embellishing their client’s access to defense documents. In a letter released on Sept. 8, the defense insisted that their client’s access to necessary legal material via laptops is limited. Meanwhile, prosecutors maintain that they have resolved the

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