Tag: BTC

Weekend market tumult triggers record number of crypto futures liquidations

This weekend’s market turmoil resulted in the triggering of roughly 864,000 crypto futures liquidations, a new single-day record according to data collected by The Block. As shown in the chart below, about 70 percent of those liquidations — some 613,000 — occurred on crypto exchange Binance. In total, $8.46 billion in long liquidations occurred on […]

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Bitcoin Hashrate Drops Over 45%, Xinjiang Grid Blackouts Blamed, BTC Price Slides 10%

Since April 15, the Bitcoin network hashrate has dropped more than 49% after touching an all-time high at 218 exahash per second. Regional reports noted that in China the Xinjiang grid is having blackouts and “safety inspections.” Reports Claim Blackouts in Xinjiang, China Have Pushed Bitcoin’s Hashrate Down 49% At the time of writing, the […]

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South Korean city threatens to confiscate citizens Bitcoin as Turkey issues ban

South Korean city Gyeongju has threatened to seize the crypto stash of citizens evading tax by hiding their money in cryptocurrencies and under-reporting their holdings. City authorities note that there is nearly a 10 million won ($8,970) deficit with evaders using Bitcoin (BTC), Ripple (XRP), Ethereum (ETH) among others to hide earnings. As crypto adoption […]

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Crypto Markets Lose Hot Air, DOGE and BCH Skyrocket, 46% Chance ETH Hits $2,600 by May

Digital currency markets have seen some slight losses on Friday morning, as a great number of cryptocurrencies saw significant gains the day prior. Bitcoin dropped to a low of $60,042 during the early morning trading sessions shedding 3% during the last 24 hours. Crypto Markets Shed Some Value After Heating Up the Day Prior Bitcoin […]

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Turkey’s central bank bans the use of cryptocurrencies for payments

The Central Bank of the Republic of Turkey has banned the use of cryptocurrencies for payments. Announcing the news on Friday, the central bank said crypto-assets cannot be used directly or indirectly for payments, and no firm can provide such services. “Payment service providers cannot develop business models in a way that crypto assets are […]

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Insurance Giant AXA Allows Swiss Clients to Pay for Services With Bitcoin

The French multinational insurance firm AXA is now allowing clients in Switzerland to pay for services in bitcoin. The newly added support is part of the company’s “digital future” and stems from customer demand for crypto payments. AXA Supports Bitcoin Payments In Switzerland AXA has announced it is the first all-lines insurer in the country […]

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World’s Third Richest Insurer AXA Now Accepts Bitcoin Payments in Switzerland

AXA, a multinational insurance firm is all set to offer a Bitcoin payment option for its customers in Switzerland, making them the first all-line insurer to do so. The new payment option is available for all the customers in Switzerland since the start of April and would allow them to pay premiums for all non-life […]

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