Mt. Gox creditors opt to hodl Bitcoin payouts Reddit poll

As the Mt. Gox trustee has yet to distribute 64% of the Bitcoin owed to creditors, the Reddit Mt. Gox community is pushing the hodl agenda.

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Report on Metas Investigation into Stablecoin Integration for Payouts

Meta, formerly known as Facebook, is reportedly investigating the integration of stablecoins into their platform for payout purposes. This development could potentially revolutionize the way users conduct transactions and process payments within the Meta ecosystem. Stablecoins, a type of cryptocurrency pegged to a stable asset such as the US dollar, have gained popularity in recent [...]

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Bitcoins Role as a Diversifier Outshines Safe-Haven Asset, Finds Report

Bitcoin and Stock Correlation: A Safe-Haven or Portfolio Diversifier? In recent times, investors have debated whether Bitcoin can serve as a safe-haven asset or a diversifier within their investment portfolios. With the growing prevalence of cryptocurrency in the financial market, understanding the correlation between Bitcoin and traditional stocks has become more critical. Historically, traditional stocks [...]

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Why Bitcoin Hasnt Hit $150K Yet: The Impact of Outsiders Ignoring It according to Michael Saylor

Unfortunately, I am unable to access external content such as the provided link. If you could provide me with the key points or a summary of the article, I would be happy to help rewrite it for you.

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Experts Predict More Bank Failures in the US Following Interest Rate Hike and Unsettled Banking Crisis

After the recent bank collapses in the U.S., a number of people believe that more failures are coming following the Federal Reserve’s increase of the benchmark interest rate by 25 basis points (bps). American journalist Charles Gasparino insists that Wall Street’s “low-rate” junkies are ignoring the U.S. banking crisis. Quill Intelligence CEO Danielle DiMartino Booth [...]

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Yellen Says US Could Back All Deposits at Smaller Banks if Needed to Prevent Contagion

U.S. Treasury Secretary Janet Yellen says the federal government could guarantee all deposits of smaller banks if they “suffer deposit runs that pose the risk of contagion.” The government recently protected all deposits of Silicon Valley Bank and Signature Bank after they failed. U.S. Government Ready to Guarantee More Deposits if Needed U.S. Treasury Secretary [...]

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Is This a Crypto Banking Bailout?

Meanwhile, the Federal Reserve is giving out its one-year loans to banks, letting them pledge Treasuries and other high-quality assets at face value. So, if a bank needs cash quickly to pay for customer withdrawals, they won’t have to race out and sell their assets at a loss. The Fed isn’t funded by federal appropriations, [...]

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Crypto's "Bail Out King" - Who is Lending out Billions to Save Multiple Crypto-Companies?

Crypto billionaire Sam Bankman-Fried Founded popular exchange 'FTX' in 2019 - but recently he's been called 'a savior' for what he's done to save multiple companies from insolvency as the Terra Luna market crash and overall weak economy hit crypto at once...

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Amid stiff competition, Bitcoin outshines others to gather $97.8 million in inflows

In the past 24 hours, the total transaction volume of cryptocurrency had exceeded $100 billion. This marked an increase of 63.07% over the previous day. The total market value, at press time, is $2.12 trillion, a month-on-month increase of 4.75%. Such a bullish trigger incorporated an impressive institutional inflow across different digital assets. What a […]

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Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Iran is banning cryptocurrency mining for the second time this year in order to reduce the strain on the nation’s power grid. (Read More)

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Iran Orders Crypto Miners to Halt Operations to Prevent Winter Blackouts – Mining Bitcoin News

Authorities in Iran have again told licensed miners to suspend their activities in the face of electricity shortages during the cold winter months. Following a period of similar restrictions this past summer, authorized companies were allowed to resume mining in September. Crypto Mining Farms in Iran to Shut Down During Winter Expecting energy needs across […]

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First Republic Bank’s Shares Downgraded to Junk Status by S&P Global; Stock Slides More Than 25% Lower

After UBS acquired Credit Suisse and close to a dozen financial institutions injected $30 billion into First Republic Bank four days ago, S&P Global downgraded First Republic’s shares to junk status on Sunday. Investors are concerned that the cash infusion from 11 major financial institutions may not address the bank’s liquidity issues. First Republic’s shares [...]

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Discover the Ins and Outs of Tether (USDt): A Comprehensive Guide to its Functionality

Tether (USDT) is a type of cryptocurrency known as a stablecoin. It is designed to maintain a stable value by being pegged to a reserve of fiat currencies like the US Dollar at a 1:1 ratio. This means that each USDT token is backed by an equivalent amount of real-world currency held in reserve. One [...]

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The Ins and Outs of Restaking vs. Rehypothecation: Understanding the Key Differences

Restaking and Rehypothecation: Understanding These Crypto Concepts Restaking and rehypothecation are fundamental concepts in the world of cryptocurrencies. While they may sound complex, they are essential to grasp for anyone looking to maximize their investment potential. Restaking refers to the process of reinvesting staked assets to earn more rewards. For example, if you stake your [...]

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Elon Musk Criticizes Federal Reserve’s Data Latency and Calls for Immediate Rate Drop Amidst Banking Chaos

Amidst the chaos in the U.S. banking sector, Elon Musk, the CEO of Tesla and owner of Twitter, has been critical of the country’s central bank. Musk insists that the U.S. Federal Reserve is operating with “way too much latency in their data,” and he insists that the central bank needs to drop the federal [...]

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‘Next Round of Bailouts Is Here’ — Bitcoin and Precious Metals Soar Amid Speculation of Fed Policy Change

At around 7:30 a.m. ET, the price of bitcoin skyrocketed past the $27,000 range to a high of $27,025 per unit. Precious metals, or PMs, like gold and silver, also rose between 1.98% and 2.12% against the U.S. dollar over the past day. While many market observers are wondering why specific assets like PMs and [...]

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Shiba Inu (SHIB) outshines PEPE on trending searches, but here’s the catch

Shiba Inu emerges as the leader in the crypto world, topping the list of cryptocurrencies by trend searches. It even outshined the meme token that has recently taken the market by storm – PEPE. Should we consider this as an indicator of upcoming SHIB price surges? SHIB still whale’s darling SHIB has been the Whale’s …

<p>The post Shiba Inu (SHIB) outshines PEPE on trending searches, but here’s the catch first appeared on CCNC | Cryptocurrency Newscast.</p>

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Board member Yat Siu answers community concerns on ApeCoin DAO salary payouts

The leaders of the decentralized autonomous organization (DAO) governing the ApeCoin ecosystem have been criticized by community members for what they described as “insane” salaries after the sums were published in an organizational chart.  On June 10, the ApeCoin DAO secretary who goes by “Vulkan” published an organizational chart on Twitter, detailing the salaries of [...]

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