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Prospera Adopts Bitcoin as Unit of Account: Paving the Way for a Bitcoin Circular Economy

The First Step towards a Bitcoin-Based Economy The city of Propera in Honduras has recently made a groundbreaking decision by adopting bitcoin as a unit of account. This means that companies in the city can now determine their prices and pay taxes using bitcoin. The move has created an opportunity for the development of a […]

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False Spot ETF Approval Post Causes Chaos in Bitcoin Markets

Rogue SEC Tweet Sends Bitcoin Prices Soaring Bitcoin's value experienced a turbulent Tuesday, largely due to a rogue tweet from the U.S. Securities and Exchange Commission (SEC), mistakenly proclaiming the green light for all spot bitcoin exchange-traded funds (ETFs). This erroneous message from the official SEC Twitter account sparked a rapid increase in bitcoin's price,

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Bitcoin ETF Approvals and the Market’s Attention on Spot Ether ETFs

The SEC's Approval of Spot Bitcoin ETFs The recent approval of spot bitcoin exchange-traded funds (ETFs) by the United States Securities and Exchange Commission (SEC) has marked a significant milestone in cryptocurrency regulation. However, what has caught the market's attention is the price rally of ethereum (ETH) following this approval. As a result, investors and

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Declining Crypto Stock Performance Raises Concerns in the Market

Bitcoin ETFs and Publicly-Listed Crypto Companies Face Losses While spot bitcoin exchange-traded funds (ETFs) saw significant trading activity on Thursday and Friday, publicly-listed crypto companies experienced a different outcome. Several equities witnessed substantial losses when the market closed on Friday. For instance, Marathon Digital Holdings' shares plummeted by over 15%, while Coinbase Global's stock registered

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The Non-Fungible Token (NFT) Market Sees $311 Million in Weekly Sales

Bitcoin NFT Sales Outperforming Other Blockchain Networks In the past week, the non-fungible token (NFT) market recorded sales totaling $311.31 million, representing a slight increase of 0.05% compared to the previous week. However, NFT sales on the Bitcoin blockchain experienced a decrease of 19.12% from the previous week. Weekly NFT Sales Data Data from cryptoslam.io

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Bitcoin Technical Analysis: BTC’s Subdued Start to the Week Amid US Market Closures

Bitcoin's Trading Range and Price Movements On Monday, trading activities in the Bitcoin market are expected to be subdued due to the observance of Martin Luther King Jr. Day, resulting in the closure of the U.S. bond market, Nasdaq, and the New York Stock Exchange (NYSE). Over the past hour, Bitcoin has been trading within

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Egyptian Fintech Startup Zeal Secures $4 Million to Expand into New Markets

Introduction Egyptian fintech startup Zeal has recently announced that it has raised $4 million in funding to support its expansion into the European, Middle Eastern, and African markets. The funding round was led by venture capital firms Raed Ventures and Cur8 Capital, with the participation of several angel investors. This capital raise will enable Zeal

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Thai Securities and Exchange Commission Eases Restrictions on Digital Asset Investments

The Thai Securities and Exchange Commission (SEC) has recently announced the removal of investment restrictions on retail investors who are interested in real estate-based digital tokens. In a bid to strike a balance between protecting investors and promoting innovation, the SEC has updated its criteria for investing in digital tokens, ensuring that investors receive adequate

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