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

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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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Ethereum (ETH) Smashes Through $3k Following “London” Hard Fork Upgrade

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Following the successful implementation of its most recent hard fork upgrade, dubbed “London”, the price of Ethereum (ETH) has skyrocketed. The second-most valuable cryptocurrency after Bitcoin (BTC), Ethereum is now solidly on route to migrating to a fully Proof-of-Stake (PoS) blockchain. The London hard fork went live on 4 August 2021, featuring five Ethereum Improvement Proposal (EIPs) including the highly…

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Solana (SOL) Development Platform Launched by Blockchain Infrastructure Firm Bison Trails

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Bison Trails, a blockchain infrastructure platform-as-a-service (PaaS) company, has launched a new ‘query and transact’ service for Solana (SOL) developers. The Solana blockchain, touted as a potential challenger to Ethereum (ETH), already has 250 projects being built on it since its launch in March last year. The platform provides a way to build decentralized applications (dApps) in a way that…

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Today in Crypto: A $12 Million Diamond, TikTok Bans, and More Dogecoin Pumps

Another day, another dollar… or $12 million of them! That’s right, somebody paid $12 million for a diamond at yesterday’s Sotheby’s Auction, which wouldn’t usually be very newsworthy except that they paid for it in cryptocurrency. The event marks the first time that Sotheby’s has accepted cryptocurrency for the sale of a physical item (they have sold NFT’s before), and…

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Welcome to Worldcoin, a Coinbase-backed Crypto Distribution Scheme Utilizing Iris Scanning Technology

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A new startup boasting backing by major digital exchange Coinbase hopes to distribute cryptocurrency to people around the world in a very unconventional way – by scanning their eyeballs. Worldcoin (not to be confused with existing crypto project worldcoin.global) has developed a spherical device that can uniquely identify a person by scanning their iris. The device can then send cryptocurrency…

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