Author name: Peter

Mexican Billionaire Urges: Invest in Bitcoin, Ditch Bonds, and Guard Against Inflation

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Ricardo Salinas' Bold Recommendation In a recent interview with Bitcoin Magazine, Ricardo Salinas, the honorary chairman of TV Azteca and a prominent Mexican billionaire, made an impassioned case for investing in Bitcoin and rejecting traditional financial systems. Salinas, recognized by the Atlas Society for his pro-individualism and free-market philosophies, stressed the importance of safeguarding wealth […]

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Bitcoin Surges 13%, Wiping Out $323 Million in Short Positions

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The Rise of Bitcoin On October 24, 2023, bitcoin (BTC) experienced a robust 13% surge during the early morning trading hours, Eastern Time (ET). This rise catapulted bitcoin's value to $35,108 per unit, propelling the entire cryptocurrency market upwards by over 10%. Impressive Gains Across the Market As the market soared, traders who had placed

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North America Continues to Lead in Crypto Market Despite Regulatory Uncertainty

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According to a recent report by blockchain forensics firm Chainalysis, North America remains the largest cryptocurrency market in the world, despite ongoing regulatory uncertainty. The report also highlights a decline in stablecoin-related activity and decentralized finance (defi) usage in the region. Institutional Crypto Activity Drives North America's Market Chainalysis reveals that between July 2022 and

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Former FTX Boss Sam Bankman-Fried to Testify in High-Stakes Trial

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Sam Bankman-Fried Prepares to Plead His Case Directly to Jury Former FTX chief, Sam Bankman-Fried, is set to testify in his ongoing trial, according to his defense lawyer, Mark Cohen. Following testimonies from several witnesses who have spoken against him in recent weeks, Bankman-Fried has decided to make his case directly to the jury. Defense

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Bitcoin Futures Open Interest Surges as Market Enthusiasm and ETF Anticipation Rise

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Bitcoin's Futures Landscape Heats Up The open interest (OI) for Bitcoin futures has witnessed a remarkable surge, reaching 100,000 bitcoins (equivalent to $3.4 billion) on CME Group within a single day. This surge is not limited to CME Group alone; platforms like Binance, Deribit, Bitget, and Okx are also experiencing significant increases in open interest.

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Robert Kiyosaki Shares His Investment Strategy — Says He’s Not Trying to Be Warren Buffett

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Robert Kiyosaki Differentiates His Investment Strategy From Warren Buffett’s Robert Kiyosaki, the author of the best-selling book Rich Dad Poor Dad, has revealed his investment strategy, highlighting how it differs from the approach taken by Warren Buffett, the CEO of Berkshire Hathaway. Kiyosaki shared on social media that he is an average investor who focuses

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Worldcoin Adjusts Token Strategy; Shifts Orb Rewards and Alters Market Maker Agreements

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Worldcoin Updates Token Supply and Loan Agreements Worldcoin, a project that utilizes iris biometrics for creating a unique human identity database, announced on Sunday that it is making changes to the distribution of its circulating WLD token supply and its market maker loan agreements. The project, which was launched in July, will reduce the loan

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$144 Million in Bitcoin from 2015 Abraxas Scandal Suddenly Transferred to Mixer

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Introduction A recent report by onchain analyst Zachxbt revealed that 4,800 bitcoins, worth $144 million, which were taken from the now-defunct darknet marketplace Abraxas, have been transferred to a bitcoin mixing service. This comes after Abraxas exit scammed in November 2015 and the bitcoins had remained untouched since then. Bitcoin Transfer from Abraxas Wallet Zachxbt

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