Bitcoin dodges 'sub-$30K liquidity grab' — levels to watch now
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Bitcoin dodges ‘sub-$30K liquidity grab’ — levels to watch now

Bitcoin (BTC) could still crash to $29,000 and lower, but price action is “healthier” than a week ago, the latest research concludes. In a fresh market update on Friday, analysts at trading suite Decentrader said that BTC price action is finally showing “green shoots of optimism.” Eyes on “near-term relief bounce” for BTC After a difficult week in which BTC/USD…

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Crypto hodlers may not get richer from mainstream adoption — Goldman Sachs
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Crypto hodlers may not get richer from mainstream adoption — Goldman Sachs

Bitcoin (BTC) and cryptocurrency adoption may not necessarily make its price higher in dollar terms, Goldman Sachs argues. In a note seen by Bloomberg published Thursday, the international banking giant claimed that mainstream acceptance of crypto assets would increase their correlation to other mainstream asset classes. Goldman: Adoption is “double-edged sword” In a view contrary to that of many Bitcoin…

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Belgian MP becomes first European politician to accept salary in Bitcoin
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Belgian MP becomes first European politician to accept salary in Bitcoin

Bitcoin (BTC) craze among lawmakers has reached the Belgian parliament now, as Brussels member of parliament Christophe De Beukelaer became the first European politician to convert his salary to Bitcoin. The Brussels MP’s monthly salary of EUR 5,500 will be converted to Bitcoin using Bit4You crypto trading platform, reported Bruzz. Beukelaer who represents Humanist Democratic Centre (CDH) party, hopes his move…

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‘Bull or bear market?’ Bitcoin losses from panic selling mount in 2022
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‘Bull or bear market?’ Bitcoin losses from panic selling mount in 2022

Bitcoin (BTC) sellers’ losses are mounting as the BTC price downturn shows that some investors are panicking at current prices. Data from on-chain analytics firm Glassnode and trading suite Decentrader shows that in January, more and more BTC entities have been selling coins for less than they purchased them. On-chain loss selling now “consistent” While no one wants to sell…

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Qubit Finance suffers $80 million loss following hack
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Qubit Finance suffers $80 million loss following hack

High-profile hacks have become more prevalent throughout the cryptocurrency market, and Qubit Finance is one of the latest decentralized finance (DeFi) protocols to be exploited by hackers. Hackers were able to access and steal over $80 million from Qubit Finance which is based on Binance Smart Chain the protocol confirmed via a tweet Friday. The addresses linked to the assault stole 206,809…

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How an Automatic Liquidation of $600M in Ethereum Was Narrowly Avoided
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How an Automatic Liquidation of $600M in Ethereum Was Narrowly Avoided

Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) While everyone is watching the price action of their favorite top tokens, few are talking about how decentralized stablecoins are performing. And one crypto trader in particular, who took his eyes off his stablecoin prize, nearly caused a $600 million Ethereum liquidation on Friday. That would have caused the price…

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Global Chip Shortage Looms Over Bitcoin Mining Industry, ASIC Supply Tightens
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Global Chip Shortage Looms Over Bitcoin Mining Industry, ASIC Supply Tightens – Mining Bitcoin News

While Bitcoin’s hashrate has been coasting along above 175 exahash per second (EH/s) and recently reached an all-time high, a global shortage of semiconductor chips could slow the growing industry. The shortfall of supply worldwide has disrupted major industries, and manufacturers like Taiwan Semiconductor Manufacturing Company Limited (TSMC) have seen stocks sink in value. At the same time, application-specific integrated…

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First DEX on Internet Computer launches, others coming soon
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First DEX on Internet Computer launches, others coming soon

The first decentralized exchange on the Dfinity Foundation’s Internet Computer blockchain went live this week, following up on the recent release of a new whitepaper. And according to information shared with Cointelegraph, there are already two other exchanges in the works. The first version of the new DEX called Sonic launched to mainnet on Sunday. There are initially only three…

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Chinese food delivery giant joins CBDC efforts
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Chinese food delivery giant joins CBDC efforts

China’s food delivery giant Meituan has become the latest tech firm to integrate central bank digital currency (CBDC) payments for its services. Meituan users can link the digital yuan wallet to their service app and use it for a range of daily services such as booking hotels, cabs and paying at restaurants. The food delivery and daily services app recorded…

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