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Bitcoin price pumps, but will BTC break $92K anytime soon?

admin2 months ago06 mins

Bitcoin (BTC) price surged by 3% on March 24, distancing from its $76,900 low on March 11 despite failing to sustain the $88,000 level. Now, traders are wondering what factors could drive Bitcoin’s daily close above $92,000, which last occurred on March 3. Adding to cryptocurrency investors’ frustration, gold is trading just 1% below its…

Tabit offers USD insurance policies backed by Bitcoin regulatory capital

admin2 months ago04 mins

Barbados-based insurer Tabit has raised $40 million in Bitcoin for its insurance facility, in a move the company said would bolster its balance sheet and allow the insurance sector to capitalize on digital assets. Tabit’s Bitcoin (BTC) regulatory capital will be used to back traditional insurance policies, which are all denominated in US dollars, the…

Astronaut ‘Butch’ Wilmore Celebrates Homecoming at Church: ‘All of This Goes Back to My Faith’

admin2 months ago05 mins

PASADENA, Texas – This Sunday’s service at Providence Baptist Church in Pasadena, Texas, was anything but ordinary. It was a celebration—one of their own had finally come home. After spending nine months stranded in space, astronaut Barry “Butch” Wilmore reunited with his wife, two daughters and church family. “It’s great to know that he’s here,…

Ethereum down 57% from its all-time high, but it’s still worth more than Toyota

admin2 months ago07 mins

Ether is trading at around half its all-time high price, but the Ethereum network is still valued higher than some of the world’s most prominent companies. Ether (ETH) traded at roughly $2,088 at the time of writing amid continued exchange-traded fund (ETF) outflows, down over 57% from its all-time high of nearly $4,900 set in…

SEC acting chair voted against suing Elon Musk over Twitter stock disclosure

admin2 months ago04 mins

The acting chair of the US Securities and Exchange Commission has reportedly voted against the agency suing Elon Musk over the billionaire’s alleged securities violations concerning the disclosure of Twitter stocks. Citing anonymous sources, Reuters reported on March 24 that the SEC’s five commissioners conducted a vote on whether to sue Musk or not before…

Bitin shut down by Israeli regulator, hit with $460k fine

admin2 months ago02 mins

The Israeli financial markets regulator has shut down the crypto exchange Bitin for offering crypto trading services without the required license, reinforcing the country’s regulatory stance on crypto firms. The Israeli Capital Markets, Insurance, and Savings Authority has shut down Bitin for operating without the necessary license, as originally reported by Finance Magnates. Bitin has…

Michael Saylor’s Strategy surpasses 500,000 Bitcoin with latest purchase

admin2 months ago02 mins

Michael Saylor’s Strategy has acquired over $500 million worth of Bitcoin as institutional interest and exchange-traded fund (ETF) inflows make a comeback. Strategy acquired 6,911 Bitcoin (BTC) for over $584 million between March 17 and March 23 at an average price of $84,529 per coin, according to a March 24 filing with the US Securities…

DoorDash enters payments partnership with Klarna

admin2 months ago04 mins

Commerce platform DoorDash has collaborated with Klarna, a company specialising in buy now, pay later (BNPL) services, to provide the latter’s payment options to its customers. The payments option will be available on DoorDash.com and through the DoorDash app. In the upcoming months, DoorDash customers can access Klarna’s payment solutions when buying retail items or…

Bitcoin ETFs log first net inflows in weeks, while Ether outflows continue

admin2 months ago05 mins

Spot Bitcoin exchange-traded funds (ETFs) in the US snapped a five-week net outflow streak in the trading week ending March 21. Bitcoin (BTC) ETFs clocked a net inflow of $744.4 million — the biggest tally in eight weeks — extending their daily inflow streak to six consecutive days, according to data from SoSoValue. US-based spot…

Dohrnii Labs accuses Blynex of illegally liquidating token assets

admin2 months ago05 mins

Learn-to-earn platform Dohrnii Labs has filed a police report in the United Arab Emirates, accusing local crypto exchange Blynex of liquidating its tokens without authorization and failing to deliver a promised loan. According to a statement shared with Cointelegraph, Dohrnii Labs deposited 12,649.99 Dohrnii (DHN) tokens — valued at more than $500,000 — with Blynex….