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Bitcoin price quoted in United States dollars has been suffering from a sharp and sudden downtrend after setting a new all-time high in November. But when quoted in Turkish lira, the top cryptocurrency kept on climbing in November and has never looked back. The result? A shocking cryptocurrency price chart you
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Crypto has always had an accessibility problem.It goes without saying that this stuff is difficult to use. It’s one thing to buy some Ethereum on Coinbase –it’s another to actually step beyond that walled garden into the world of decentralized applications, where you won’t find any guardrails to help you
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Ramping upThe narrativeKey U.S. Securities and Exchange Commission (SEC) officials mentioned enforcement around crypto projects earlier this month: Chair Gary Gensler and Director of Enforcement Gurbir Grewal.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.Why it mattersWe’ve
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Taproot, a privacy and scalability upgrade Bitcoin developers have long been drooling over, finally activated last weekend. But more upgrades are in the pipeline, being worked on by developers behind the scenes.Taproot is a particularly big upgrade in Bitcoin, called a “soft fork,” which isn’t executed all that often in
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Just this month alone, bitcoin’s price has rallied more than 50%, fueled by U.S. regulators’ first approval of an exchange-traded fund (ETFs) linked to bitcoin futures contracts. The ProShares Bitcoin Strategy ETF started trading on Tuesday on the New York Stock Exchange and hauled in $570 million of assets on
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After dipping below $30,000 in June, Bitcoin (BTC) went on a nearly four-month rally, appreciating by more than 100%. On Friday, it was able to recapture the $60,000 level after closing the day with a 7.56% spike. The ensuing rally was attributed to the excitement around the SEC giving the
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On Sept. 29, 2021, the U.S. Commodity Futures Trading Commission (CFTC) announced it had filed 14 complaints against various crypto trading platforms. It was the busiest day of action for the nation’s top commodities regulator and a noted departure from its usual course. Between 2015 and the end of June
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The approval of a Bitcoin Exchange Traded Fund (ETF) in the U.S. has come true. Different actors in the crypto space have tried to receive the greenlight from that country’s regulator (SEC) for little less than a decade. Related Reading | Bitcoin ETF Receives Approval from SEC, Marking Historic Day for Crypto Major
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At the time of writing, Bitcoin has smashed its way through the $60,000 resistance and seems ready to take on new highs. The first cryptocurrency by market cap records a 11.6% and 4.2% profit in the weekly and daily charts, respectively. BTC rejected from the $60k zone in the daily
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This episode is sponsored by NYDIG.Download this episodeOn this week’s edition of “Long Reads Sunday,” NLW reads four Twitter threads:Alex Gladstein on whether the crypto experiment has failed Russian political opposition figure Alexey Navalny on big tech complicity Adam Cochran on the debt ceiling chicken game Jason Yanowitz on why
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