Author: e_cash_top
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US debt spirals past $34 trillion with interest forecasted to hit $3 trillion by 2030
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Celsius billion-dollar Ethereum shift stirs speculation on creditor payback plans
[ad_1] Bankrupt crypto lending platform Celsius has shifted 459,561 Ethereum (ETH), valued at over $1 billion, to centralized exchanges, including Coinbase, Paxos, and FalconX, in the past 24 hours, per on-chain data. In detail, more than 300,000 ETH, equivalent to $673 million, was sent to Coinbase Prime. The firm also moved 146,507 ETH, valued at…
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BlackRock’s Bitcoin ETF crosses $2 billion in inflows, with Fidelity close behind
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Grayscale’s daily Bitcoin transfer completes with 12,213 BTC sent to Coinbase Prime
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Strike CEO calls Ethereum ‘tech play,’ says Bitcoin solves the ‘biggest financial problem’ of our time
[ad_1] Strike founder Jack Mallers recently expressed his firm belief in Bitcoin’s potential to solve what he describes as “the biggest financial problem ever” — central banking and the global debt crisis. Mallers made the statement during an interview with Yahoo Finance on Jan. 24, where he highlighted Bitcoin in relation to government debt by…
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Crypto saw 62 million acquired users across eight chains in 2023: Flipside report
[ad_1] Flipside Crypto reported that blockchain users and activity grew throughout 2023 in a report shared with CryptoSlate on Jan. 25. The analytics company wrote: “Crypto recently has been fluctuating through extremes, with on-chain activity and user sentiment swinging wildly throughout the last year … but ultimately, the past many months have concluded on a…
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Bitcoin developer Luke Dashjr raises concerns over centralization in Bitcoin mining
[ad_1] In an in-depth interview with Bitcoin Magazine on Jan. 24, Bitcoin Core developer Luke Dashjr voiced significant concerns about the increasing centralization of Bitcoin mining. Dashjr believes that the dominance of a few large mining pools poses a serious threat to the decentralized nature of Bitcoin, potentially leading to censorship and control issues within…
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U.S. plans to sell $130 million of Bitcoin seized in connection with Silk Road
[ad_1] The U.S. government has filed notice to sell $130 million of Bitcoin (BTC) previously seized connection with the Silk Road darknet marketplace. The government said that it says that it intends to dispose of (ie. sell) two lots of Bitcoin in any manner that the U.S. Attorney general directs. That will likely see the…
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UK government treads carefully on digital pound, prioritizing privacy and cash access
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Bitcoin’s realized price by ‘young supply’ underpins recent price support
[ad_1] The anticipation of the first spot Bitcoin ETFs in the U.S. fueled Bitcoin to a 21-month high of $49,000. However, the high it reached on Jan. 10 was short-lived, as the price dropped swiftly and sharply to a low of $39,450 on Jan. 21. This sharp decline, which many deemed a classic case of…