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Ripple CEO Brad Garlinghouse has announced a significant milestone for the company: the approval from the New York State Department of Financial Services (NYDFS) to roll out its new stablecoin, known as Ripple USD (RLUSD). This news, shared via social media on December 11, signifies Ripple’s continued commitment to expanding its presence in the cryptocurrency
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Aayush Jindal’s ascent in the financial world epitomizes the journey of a dedicated professional who has transcended the conventional boundaries of Forex and cryptocurrency trading. With an impressive track record that spans over 15 years, Jindal has become a pivotal figure, revered for his astute technical analysis and market insights. This remarkable journey didn’t begin
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Recently, Coinbase has found itself at the center of a storm regarding account restrictions, leading to widespread user dissatisfaction. The exchange has partially attributed these issues to a notable increase in fraudulent activities, particularly following the United States presidential election. According to a December 8 statement on X (formerly known as Twitter), Coinbase attempted to
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The landscape of cryptocurrency has undergone a significant transformation, especially since the introduction of US Spot Bitcoin Exchange-Traded Funds (ETFs) in January 2024. These financial products have not only gained remarkable popularity but have dramatically shifted the dynamics of Bitcoin ownership and investment. The emergence of these ETFs represents a paradigm shift that could redefine
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Ethereum (ETH) has recently demonstrated notable upward momentum, rising steadily from a support zone around $3,650. The market sentiment seems to favor bullish developments as ETH currently trades above the significant threshold of $3,770, which includes the crucial 100-hourly Simple Moving Average (SMA). This positive trend suggests that Ethereum has been able to withstand lower
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In a recent announcement, Circle has emerged as a trailblazer in the stablecoin sector by complying with Canada’s newly implemented digital asset regulations. Their USD Coin (USDC) is now the first major dollar-backed stablecoin to meet the standards set forth by the Ontario Securities Commission (OSC) and the Canadian Securities Administrators (CSA). This compliance signifies
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Bitcoin, the leading cryptocurrency, has recently demonstrated a renewed bullish trend, breaking past significant resistance levels. After initiating a rally above the $96,500 mark, BTC successfully shattered both the $97,500 and $98,000 barriers, culminating in a remarkable test of the psychologically important $100,000 level. This surge reflects a broader positive sentiment in the cryptocurrency market,
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On December 1, the Missouri Senate introduced a significant piece of legislation, SB 194, aiming to ban central bank digital currencies (CBDCs) from being recognized as legal tender throughout the state. This proposed bill, spearheaded by Senator Brattin, takes a bold stance against the increasing influence of digital currencies, particularly those issued by central banks,