In the last 30 days, the top two cryptocurrencies, Bitcoin and Ethereum, have suffered drops of 1.7% and 11.8%, respectively. Analysing the crypto total market cap excluding top ten dominance chart, it is evident that in the recent past, Altcoins have marked a sharp rise in dominance. A post published …
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Bloomberg analyst refutes controversial allegations against Coinbase, says BlackRock is ‘not messing around’
by Gino Matosby Gino MatosBloomberg senior ETF analyst Eric Balchunas refuted recent allegations against Coinbase that claimed the exchange was not using BlackRock’s funds to buy actual Bitcoins (BTC). The rumors surfaced on social media on Sept. 16 and alleged that Coinbase was issuing letters of debt instead of backing IBIT ETF with Bitcoin. The …
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With a growing bearish bias toward the tenth-largest cryptocurrency by market capitalization, its technical setup suggests that TRX is poised to extend this decline. Tron Derivatives Traders Look Away The drop in TRX’s derivatives market activity signals a clear decline in demand for the altcoin. Its Open Interest, which measures …
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Coinbase CEO Denies Selling ‘Paper Bitcoin’ to BlackRock and cbBTC Claims
by Wayne Jonesby Wayne JonesCoinbase founder and CEO Brian Armstrong has denied speculations that the company has sold paper Bitcoin to BlackRock without maintaining a 1:1 backing. The allegations have caused debate in the crypto community, with some accusing Coinbase of lacking transparency in its Bitcoin reserves. Brian Armstrong Dispels the Rumors In a …
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TRON DAO, the decentralized organization behind the TRON blockchain, announced that the newly formed T3 Financial Crime Unit (T3 FCU) task force has already frozen over $12 million in USDT linked to illicit activities. In a Sept. 16 post on X, TRON DAO stated: “While others didn’t act, the T3 …
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These rumors emerged as TRON blockchain founder Justin Sun criticized the firm’s wrapped Bitcoin product, cbBTC. Coinbase Clarifies ETF Operations Amid Bitcoin IOU Rumors On September 14, crypto analyst Tyler Durden suggested that Coinbase was issuing BTC IOUs to BlackRock. This would mean BlackRock could borrow Bitcoin to short it …
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In September 2024, Solana-based protocol Pump.fun became the fastest growing crypto app in history by some metrics, surging to $100 million in revenue in record time. The meme coin launchpad has birthed some of the biggest memes, viral metas, and dangerous moments in crypto history, including a cute dog named …
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Tether , the issuer of the world’s largest stablecoin, announced Friday the appointment of Jesse Spiro as head of government affairs. In this role, Spiro will be responsible for leading policy and engagement efforts with lawmakers, regulators and key stakeholders. Spiro brings over six years of experience in government and …
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Tron-based SUNDOG managed to establish itself as a must-watch coin this week, leaving behind top meme assets like PEPE. SUNDOG (SUNDOG) SUNDOG’s price has surged by 66% over the past week, currently trading at $0.34. During this rally, it set a new all-time high of $0.378, a level that could …
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Analyst Miles Deustcher took to his latest video and opened up about several key factors influencing the altcoin market, especially as we head into Q4. He explained that from a macro perspective, seasonal patterns, and crypto-specific factors, the next few months look promising. He believes we’re moving out of the …