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Detroit is becoming the biggest US city whose resident will be able to settle their tax payments in cryptocurrency, city officials announced Thursday. The move will make Detroit the largest US city to accept crypto payments for public services. City officials said transactions are set to occur via a secure platform maintained by PayPal. The…
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Caroline Ellison, former CEO of Alameda Research and key witness in the case against FTX founder Sam Bankman-Fried, reported to a low-security federal prison in Connecticut on Thursday. In September, the court sentenced Ellison to two years in prison and ordered her to forfeit $11 billion for her role in the fraud and conspiracy that collapsed the cryptocurrency…
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Donald Trump’s US election victory on Wednesday and the resulting euphoria failed to boost the price of Trump-themed memecoins, mostly due to so-called ‘sell the news’ trend. These tokens, which had seen significant gains earlier in the week, dropped by double digits following his win. Some of the popular memecoins shed over 25% in market…
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Coinbase has just announced cbBTC, the very first Bitcoin-backed token on Solana. The newly minted SPL token is backed 1:1 by Bitcoin and held in Coinbase custody. It provides an easy way for users to access BTC directly on the Solana blockchain. According to the announcement on X, cbBTC by Coinbase brings the power of…
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A U.S. appeals court recently upheld a jury’s decision that cleared Elon Musk and Tesla of liability over Musk’s 2018 tweet claiming “funding secured” for taking Tesla private. The tweet, which led to intense volatility in Tesla’s stock, drew accusations from investors that Musk’s statement caused financial losses for shareholders. The lawsuit, initially brought by…
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Polygon could be poised for a breakthrough, with $1 in near term. Trump recent election win has ignited bullish energy across the crypto market bringing bull market era, while the upcoming Aggregation Summit, AggLayer, promises to add momentum. This AggLayer brings the brightest minds in the industry to tackle challenges like cross-chain solutions, advanced ZK…
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Cardano (ADA) price has significantly increased in the last 24 hours, following a broader market surge. The altcoin’s positive trend comes amid increased investor interest as the cryptocurrency market rallies after the recent U.S. elections. Notably, Cardano’s surge aligns with other altcoins that have also rebounded, strongly eyeing more gain in November and further attracting…
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With the transition to November, the crypto market began indicating the possibility of a complete uptrend for crypto coins under the influence of the US Presidential elections. Now, with Donald Trump becoming the 47th US President, the market has been up since yesterday, as Bitcoin and many altcoins surged to a new ATH. With that,…
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Binance Futures has recently revealed its plan to list 1000000MOGUSDT perpetual contracts with up to 75X leverage on its platform. This move has caught the eyes of investors eyes, and many anticipate the development to trigger a MOG price rally in the coming days. Usually, the positive announcements from these leading crypto exchanges tend to…
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Tron price has come under pressure this month as it retreated by 5.70% from the year-to-date high. TRX fell to $0.1612 on November 7 and is at risk of more downside if it losses the lower side of the rising broadening wedge pattern. Tron Price Could Dive Soon TRX price’s long running bull run could…