cryptocurrency-finance1.48 min read
Bitcoin Price Resilience Amid U.S. Inflation Volatility
1 year ago•Source: CoinDesk
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2.64 min•1 year ago
"Nigeria Demands $10 Billion Payment from Binance in Cryptocurrency Crackdown"
The Nigerian government has demanded nearly $10bn in compensation from cryptocurrency firm Binance, alleging manipulation of foreign exchange rates and untraceable fund transfers, which have contributed to the naira's significant devaluation. Two Binance executives were arrested, and the government has suspended several cryptocurrency firms in an effort to stabilize the currency and curb illicit activities. Nigeria, a major cryptocurrency market, has seen increased scrutiny on cryptocurrency transactions amid concerns about money laundering and funding terror.
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"Bitcoin ETFs: SEC Approval 15 Years After Hal Finney's Tweet Signals Shift in Regulatory Attitude"
Exactly 15 years after Hal Finney's iconic "Running Bitcoin" tweet, the U.S. Securities and Exchange Commission (SEC) approved the first spot exchange-traded fund (ETF) for bitcoin, marking a significant milestone in the cryptocurrency's journey. This approval allows financial giants like BlackRock and Fidelity, as well as Grayscale's Bitcoin Trust, to offer regulated products for investors to gain exposure to bitcoin without the need for managing a cryptocurrency wallet. The move signals bitcoin's increasing adoption in traditional financial circles and its potential for widespread growth as an alternative asset.