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Bitcoin

Bitcoin Is Fundamentally Different From Other Cryptocurrencies: Fidelity Digital Assets

Bitcoin (BTC) is a monetary good and an attractive store of value in a progressively digital world, Fidelity Digital Assets, a unit of financial services giant Fidelity investments, said last week. Traditional investors tend to use a technology investing framework when analyzing bitcoin, which leads them to the wrong conclusion that the cryptocurrency “as a …

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Bitcoin gains legal recognition as digital currency in Shanghai, China

The Shanghai No.2 Intermediate People’s Court in China has reportedly recognized Bitcoin (BTC) as a unique and non-replicable digital asset while acknowledging its scarcity and inherent value. The Chinese court released a report on Sept. 25 discussing the development of internet technologies. The report stated that with the development of internet technology, digital currencies such as Bitcoin …

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China intensifies crackdown on crypto trading; Bitcoin, ether, dogecoin fall

Bitcoin price slipped in trade from highs seen in early Friday after China’s central bank said it would crack down on cryptocurrency trading, banning overseas exchanges from providing services to mainland investors. The world’s largest cryptocurrency by market capitalization slipped around 5% at $42,810.  The People’s Bank of China also said it will bar financial institutions, payment …

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‘HODL and forget!’: Bitcoin wallet went from ₹ 6 lakh to 216 crore in 9 years

Grabbing the eyeballs of the BTC ‘Hodlers’, a dormant cryptocurrency wallet containing 616.2004 Bitcoins worth nearly $28.35 million( ₹216 crore) has seen a sudden movement. After almost nine  years, the owner of the wallet moved the Bitcoins to another wallet on Sunday.  The movement in the Bitcoin wallet was first reported by blockchain explorer Blockchain.com. What’s …

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Bitcoin founder Satoshi Nakamoto immortalized in Budapest: Is it the beginning of a more inclusive global presence for cryptocurrencies?

Sooner or later, every ecosystem undergoes a drastic shift. All it needs is the right precursor. And, for the financial ecosystem, the foundation must be cryptocurrency, led by the evolution of Bitcoin, way back in 2008. Despite thousands of crypto players trying to emulate what Bitcoin has achieved, it continues to be the most popular …

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Bitcoin, ether, dogecoin prices crash over 10%. Check crypto rates

Cryptocurrency prices extended a slump after a broad selloff sparked by worries about contagion from China Evergrande Group swept through global markets. Bitcoin, the world’s largest crypto slid as much as to $40,000 in early deals, dropping to the lowest level since the beginning of August.  As per CoinGecko, Bitcoin prices today were trading 10% lower …

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