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Bitcoin (BTC) Hits New High as CPI Hits 31-Year High, Quashing Inflation Hedge Doubts

bitcoin rocket

The price of Bitcoin suddenly surged by over $2,000 earlier today, cracking a new all-time high (ATH) above $69,000. The event coincides with the US consumer price-index (CPI), which measures inflation, jumping to a 31-year-high – 0.3% higher than government estimates. With the pace of inflation over the past year now at 6.2% it’s way beyond the Federal Reserve’s 2%…

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Coinbase Is Now the Most Popular App in the US Following SHIB Listing

coinbase website on desktop and smartphone

Following last month’s listing of Shiba Inu (SHIB) on its platform, Coinbase has now overtaken TikTok to become the number 1 app on Apple’s AppStore. In essence, this makes buying cryptocurrency a more popular activity than using social media… or pretty much anything else in the world. How it started How it's going pic.twitter.com/7xCGmnHljI — Fred Ehrsam (@FEhrsam) October 28,…

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BITO: World’s First Ever Bitcoin ETF Goes Live on New York Stock Exchange (NYSE)

man in suit pointing at ETF writing

A Bitcoin exchange-traded fund (ETF) issued by ProShares has officially launched on the New York Stock Exchange. After nearly half a decade of failed attempts from a multitude of asset managers, the ProShares ETF was finally approved by the US Securities and Exchange Commission (SEC) last week. It will trade as PROSHARES BITCOIN STRATEGY ETF under the ticker BITO. “We…

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Billionaire VC Tells CNBC that Bitcoin (BTC) has Replaced Gold

Man holding up a gold trophy cup

Former Facebook executive and billionaire CEO of Social Capital, Chamath Palihapitiya, believes Bitcoin has replaced Gold. Speaking to CNBC’s Scott Wapner at the Delivering Alpha conference yesterday, Palihapitiya made his bullish case for Bitcoin but said it would be hard to give an accurate price prediction. The best he could offer was to say Bitcoin is likely heading for $200,000…

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Bitcoin (BTC) Suffers as Regulations Tighten and Stock Market Fear Rips Through Markets

bitcoin crash concept

The cryptocurrency sector continues to struggle this week in face of tightening regulations and knock-on effects from the wider stock market. Following last week’s warning from the US Securities and Exchange Commission (SEC) to major crypto exchange Coinbase, the market suffered a blow that took almost 20 percent off the price of Bitcoin (BTC). The warning, known as a Wells…

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Binance Announces Mandatory KYC for ALL Services

iPhone and Binance logo and dollars

The world’s leading cryptocurrency exchange, Binance, has announced mandatory KYC procedures for all services. Know-Your-Customer (KYC) is a standard tool used by institutions to track financial transactions around the world. It involves the verification of a customer’s identity before they can make any deposits, withdrawals, or transfers of funds. Due to growing concerns amongst regulators around the world that cryptocurrency…

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