The cryptocurrency market took a hit early this year, but the coming months might lead the market toward the light at the end of the tunnel. Bloomberg analysts explain that …
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The US dollar loses 97% of its purchasing power against Bitcoin (BTC) in the last 5 years
Since its inception, Bitcoin has attracted a growing number of investors who see the flagship digital currency as a hedge against inflation. As of Tuesday, February 15, 2022, the United …
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Cardano (ADA) smashes Bitcoin (BTC) and Ethereum (ETH) in adjusted transaction volume
Cardano outpaced Bitcoin and Ethereum, ranking first in the category of most transaction activity in 24-hours, according to crypto data aggregator Messari.io. According to the transaction behavior, it represents an adjusted transaction …
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Bitcoin (BTC) outperforms tech stocks by more than 12% average in last 30 days
Bitcoin has continued to outperform traditional investment vehicles with the digital asset leading over major tech stocks in the last 30 days, according to Finbold. Bitcoin outperformed the top six tech …
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El Salvador’s rating downgraded by fitch for adopting Bitcoin (BTC) as a legal tender
Fitch Ratings, one of the “big three” credit rating agencies, has lowered El Salvador’s long-term issuer default rating (IDR). In a Wednesday report, Fitch pinned the nation’s debt repayment capacity …
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Bitcoin (BTC) makes over 1,300 new millionaires in the last 30 days
Bitcoin’s recent ascent in the cryptocurrency market has resulted in making a number of new millionaires. Data acquired by Finbold indicates that as of February 10, 2022, the number of addresses with a …
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Bitcoin (BTC) rejects sell-off as 7.5% US inflation fails to keep BTC down for long
Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it dropped $1,800 after January’s CPI print came in at 7.5%. Despite being 0.2% higher than expected, surging inflation failed to have the positive impact …
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Second-richest man in Russia chooses to back the digital ruble over Bitcoin (BTC)
Vladimir Potanin has expressed his preference for CBDCs, and tokens backed by real-world assets over private crypto. The country’s second-richest man said this in a recent interview with Bloomberg. Potanin …
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Ukraine is using Bitcoin (BTC) to ‘crowdfund war’ with Russia
As tensions on Ukraine’s border continue to mount, Ukrainian non-governmental organizations (NGOs) are seeing a sharp rise in Bitcoin donations, according to a new report by blockchain analytics company Elliptic. These aren’t …
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Bitfinex hackers arrested; 94,000 Bitcoin (BTC) seized
The US Justice Department has announced the arrest of two individuals for an alleged conspiracy to launder cryptocurrency that was stolen during the 2016 hack of Bitfinex, one of the …
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