Emma

Revealing the Mystery of ‘Mr. 100’: Decrypting the Identity of Bitcoin’s 14th Largest Holder

In recent days, the crypto community has been captivated by a Bitcoin (BTC) whale dubbed “Mr. 100.” This mysterious figure has accumulated an impressive 52,996 Bitcoin, valued at over $3.5 billion, ranking them as the 14th-largest holder of the cryptocurrency. On March 15, Mr. 100 made a significant move by acquiring at least 1,000 Bitcoin….

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Democratic senators are advising SEC Chair Gensler against approving cryptocurrency ETFs, citing perceived “significant” risks.

In a letter dated March 11 addressed to United States Securities and Exchange Commission (SEC) Chair Gary Gensler, Democratic Senators Laphonza Butler (D-CA) and Jack Reed (D-RI) are urging for stringent restrictions on the approval of cryptocurrency-based ETFs. Cryptocurrency ETFs present a risk to the American populace. In their letter, Senators Butler and Reed assert…

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The regulatory authority in Hong Kong has issued a warning stating that MEXC is operating without a license.

The Securities and Futures Commission (SFC) of Hong Kong has issued a warning regarding the illicit activities of the cryptocurrency exchange MEXC, which is in violation of current regulations in Hong Kong and operates without the necessary license. In a press release issued on Friday, the SFC highlighted that MEXC has been actively promoting its…

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The Nfprompt platform, supported by Binance, falls victim to a cryptocurrency security breach resulting in the loss of user funds.

NFPrompt, a content generation platform nurtured by Binance Labs, has revealed a cryptocurrency security breach leading to the loss of both user and platform funds. According to reports, hackers managed to gain unauthorized access to various wallets, including those belonging to NFPrompt’s administrators, resulting in the theft of funds. Following a cryptocurrency security breach, NFPrompt…

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The UK financial regulator relaxes limitations on exchange-traded notes backed by cryptocurrencies.

in brief The UK’s financial regulator permits professional investors to trade crypto ETNs, while retail investors remain excluded. The industry applauds the decision but stresses the importance of expanding access to crypto assets in the UK market. The FCA upholds a prohibition on offering crypto ETNs to retail investors, citing significant risks in the crypto…

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El Salvador Completes Transfer of 5,000 Bitcoins to Cold Wallet, Exceeding Previous Estimates of Bitcoin Holdings

This week, President Nayib Bukele disclosed in a March 14 X post that El Salvador has transferred more than 5,000 bitcoins, valued at over $400 million, into a cold wallet. The undisclosed Bitcoin reserves of El Salvador: Over $400 million secured in cold storage. We've decided to transfer a big chunk of our #Bitcoin to…

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Bitcoin

Exploring the Enigma: Qatar’s Alleged Involvement in the $3.3 Billion Bitcoin Investment Speculations

Speculations are ablaze within the cryptocurrency community regarding the potential involvement of the state of Qatar in a substantial, possibly multibillion-dollar, Bitcoin (BTC) investment in the near future. According to at least one source, it’s suggested that the Middle Eastern nation may have already initiated this venture by purchasing 50,000 BTC through a series of…

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A trader specializing in Solana meme coins misses the opportunity for a potential million-dollar windfall.

summary A Solana trader sold a memecoin prematurely, missing out on the opportunity to turn $8,000 into nearly $1 million as the token’s value soared. Community opinions were divided: some criticized the trader for passing up potential wealth, while others regarded it as a wise move. Despite these missed opportunities, other traders saw significant gains,…

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XRP Price Forecast: Bullish Momentum Propels XRP Beyond $0.65 Barrier – Is $1 XRP on the Horizon?

XRP has surged above its critical resistance level of $0.65, marking a notable 10.5% increase over the past seven days. Currently trading at $0.68, the digital asset of Ripple’s blockchain is prompting speculation: Could it potentially reach $1 this year? The movement in XRP closely mirrors the broader trends in the cryptocurrency market. Bitcoin (BTC),…

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Analyst Forecasts: Spot Bitcoin ETFs Expected to Draw $220 Billion in Three-Year Span

Spot Bitcoin (BTC) exchange-traded funds (ETFs) are projected to attract an estimated $220 billion in investment over the course of the next three years. A research report conducted by broker JMP Securities suggests that this substantial influx of capital could potentially lead to a fourfold increase in BTC’s price, reaching $280,000, considering the impact of…

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