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Bitcoin Breaks $28,000, Will Sharks & Whales Back Rally?

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Auto Scroll document.write(' '); Bitcoin has broken above the $28,000 mark as on-chain data shows the key BTC wallets have been accumulating during the last few weeks. Bitcoin Sharks & Whales Have Been Accumulating During Past Month According to data from the on-chain analytics firm Santiment, the large BTC wallets have accumulated a combined $1.17 billion in the cryptocurrency since the start of last month. The relevant indicator here is the “Supply Distribution,” which keeps track of the total number of coins that each investor cohort in the market is holding right now. The holders or addresses are divided into these groups based on the amount of BTC that they are carrying in their balance currently. The 1-10 coins cohort, for instance, includes all investors holding at least 1 and at most 10 BTC. In the context of the current discussion, there are three groups of interest: 10-100 coins, 100-1,000 coins, and 1,000-10,000 coins. ...

Coinbase secures full regulatory approval in Singapore

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Coinbase is the latest crypto company to secure full regulatory approval in Singapore. The U.S. exchange’s Singaporean arm announced it had received a Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore (MAS), becoming a fully authorized player in Singapore. The platform had secured a temporary licensing exemption from the Singaporean central bank in March 2020. Two years later, in October 2022, Coinbase received an “In Principle” license to operate in the city-state. Moreover, the Republic of Singapore, often viewed as a crypto haven, is no stranger to the allure of digital currencies, with a staggering 25% of its population embracing crypto as the future of finance. Furthermore, an impressive 32% of Singaporeans have already ventured into crypto. The latest Chainalysis Global Crypto Adoption Index revealed that Singapore received the seventh-highest amount of crypto in the previous year. International expansion Coinbase’s strategy for interna...

FTX's Bankman-Fried contemplated paying Trump $5b not to run for president

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Auto Scroll and Click Michael Lewis, the author of “The Big Short,” says the disgraced crypto entrepreneur was exploring the legality of such a move. Sam Bankman-Fried (aka SBF), founder and former CEO of the now-bankrupt cryptocurrency exchange FTX, was considering paying Donald Trump $5 billion not to run for re-election. In an interview with CBS, Michael Lewis, the author of “The Big Short” and “Going Infinite: The Rise and Fall of a New Tycoon,” noted that SBF was not sure at the time whether that number came directly from Trump. However, the disgraced crypto entrepreneur was not worried about the number but about the legality of this move. “He [SBF] got one answer, yes. The question Sam had was not just, “Is $5 billion enough to pay Trump not to run,” but “Was it legal?” Michael Lewis. According to an excerpt of Lewis’ forthcoming book “Going Infinite: The Rise and Fall of a New Tycoon,” which will become available tomorrow, Oct. 3, and publi...

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