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Tag: financial tech

Bitcoin’s Price Drop Causes Over $200 Million in Long Liquidations Across Crypto Derivative Exchanges

Blockchain
On Feb. 24, 2023, bitcoin’s price remained above the $23,000 threshold and then rose to a peak of $23,829 per unit on March...

UBS Strategists Predict Minimal Impact of Upcoming Mt Gox Payouts on Bitcoin Value

Blockchain
A recent report published by market strategists from the investment bank and financial services company UBS says that the upcoming Mt Gox payouts...

Is 2023 the official year of the chatbot?

Crowdfunding
The following is a guest post by Shannon Flynn, Managing Editor at ReHack Magazine. Chatbots have been slowly growing in fintech for years, but...

Crypto Economy Swelled 80,466% Since 2013, Despite $1.5 Trillion Loss in 2022 Downturn

Blockchain
Nine years and nine months ago, on May 9, 2013, coinmarketcap.com recorded 14 cryptocurrency assets, and bitcoin’s overall valuation was $1.24 billion, with...

Mawson Infrastructure Group Launches Bitcoin Mining Operation in Pennsylvania, Exits Australia

Blockchain
The bitcoin mining operation, Mawson Infrastructure Group, Inc., announced that the firm has broken ground at a new site in Sharon, Pennsylvania. Reports...

Liquid Staking Platform Lido Sees Largest Daily Stake Inflow, Receives 150,000 ETH Reportedly From Tron Founder

Blockchain
On Saturday, the liquid staking protocol Lido tweeted about the largest daily stake inflow to date as 150,000 ethereum was staked. Reports indicate...

5 High-Profile Cryptocurrency Implosions Shatter Trust, Wipe out Billions in Value During 2022’s Crypto Winter

Blockchain
2022 was a year of phenomenal cryptocurrency blowouts, as several projects collapsed and many more are on life support after the entire ecosystem...

Solana Blockchain Experiences Technical Glitch Causing Transaction Slowdowns

Blockchain
The Solana smart contract token network experienced a technical glitch on Saturday, February 25, 2023, known as a “large forking event,” causing transaction...

BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance

Blockchain
After Paxos announced that it would no longer mint the stablecoin BUSD, 4.98 billion BUSD stablecoins have been removed from circulation to date....

Crypto Market Slides as Total Value Locked in Defi Falls Below $50 Billion Mark

Blockchain
The value of the crypto market has started to slide again after a bullish run-up over the last seven weeks. The total value...

Bitcoin Mining Difficulty Reaches All-Time High as Miners Face Second-Largest Increase This Year

Blockchain
Bitcoin’s mining difficulty reached an all-time high (ATH) on Feb. 24, 2023, at block height #778,176, reaching 43.05 trillion hashes and surpassing the...

Citizens Trust Bank to Hold $65 Million in USDC Reserves as Circle Expands Bank Partnerships

Blockchain
On Friday, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65 million in usd...
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