HUSD, a stablecoin that is supposed to hold parity with the U.S. dollar, fell almost 15% from its intended $1 peg….
Continue reading on https://decrypt.co/107732/huobi-bitcoin-exchanges-husd-stablecoin-loses-its-dollar-peg
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The legal woes of Satish Kumbhani, the discredited founder of crypto scam BitConnect, continue - Indian police have booked him after a lawyer told the authorities that he had been defrauded out of close to BTC 220 (USD 5.2m) through a series of scams perpetrated by Kumbhani and others….Read More: Crypto Scam BitConnect Founder Reportedly Booked in India on Fresh Charges…
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In line with regulations, Canadian crypto exchanges are introducing measures to cap the annual buy limit for selected cryptoassets at CAD 30,000 (USD 23,250) per year - and these exclude (only) four large coins. While the cap will not impact Canadian crypto investors’ capacity to invest in some of the leading coins, it is likely to cut their purchases of a wide range of altcoins….
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Bitcoin price started a fresh decline below the USD 24,000 support zone. BTC even traded below the USD 23,500 support zone. It is currently (04:00 UTC) down 2% and struggling to stay above the USD 23,200 support zone. Similarly, most major altcoins are showing several bearish signs. ETH declined and traded below the USD 1,850 support zone.
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Russian bitcoin (BTC) miners reportedly used a whopping 1.25 gigawatts (GW) of electrical power to fuel their activities in 2021, almost double their total for 2020 – as the industry continues to expand in the nation. Per Novie Izvetiya, Intelion Data Systems experts calculated that altcoin mining efforts last year may have used up to 0.
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Bitcoin price struggled to stay above the USD 24,000 level. BTC is currently (11:20 UTC) moving lower and approaching the USD 23,500 support. A clear move below USD 23,500 might spark a sharp decline. Besides, most major altcoins are slowly moving lower. ETH is approaching the USD 1,850 support zone. XRP failed to retain gains and stayed below USD 0.
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The company announced a debt-reduction plan in its quarterly earnings report yesterday. Upon the news, Stronghold stock plummeted almost 18%….
Continue reading on https://decrypt.co/107628/bitcoin-miner-stronghold-sells-mining-machines-slash-67-4m-debt
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Crypto lending company Celsius Network landed approval from a New York bankruptcy judge to sell Bitcoin generated from its mining operations….
Continue reading on https://decrypt.co/107625/celsius-gets-approval-sell-mined-bitcoin-pay-operations
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Under 2% of remittances made to El Salvador make use of the state-operated Chivo bitcoin (BTC) app and wallet – and bitcoin ATM booths in the nation are “empty” less than a year after their launch, a new report has claimed. But the government claims that the app is still popular among many citizens.
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Bitcoin price struggled to clear the USD 24,500 resistance zone. BTC slowly moved below the USD 24,200 and USD 24,000 levels. It is currently (04:00 UTC) struggling and might continue to move down towards the USD 23,500 level. Besides, most major altcoins are struggling to clear key hurdles. ETH settled below USD 1,900, but it is still above USD 1,850.
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