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China Crypto Crackdown: Inner Mongolia authorities seize over 10K crypto mining rigs

The latest reports from the Inner Mongolia Autonomous Region Bayannaoer City Development and Reform Commission along with other authorities revealed that they have captured 10,100 unregistered mining machines. Furthermore, the authorities announced that Inner Mongolia has also shut down 45 virtual currency mining projects so far, which has theoretically saved 6.58 billion kilowatt-hours of electricity

The post China Crypto Crackdown: Inner Mongolia authorities seize over 10K crypto mining rigs appeared first on Coingape.

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XRP Lawsuit: SEC files for seal, agreeing with Ripple on irrelevance of third-party identity

The latest update in the XRP lawsuit saw the SEC follow Ripple’s footsteps and file for seal in the Interrogatories Dispute. The plaintiff stated that it agrees with Ripple’s Motion to Seal exhibits in connection with the Interrogatories Dispute regarding the application of the Howey Test to sales of XRP over the last 8 years.

The post XRP Lawsuit: SEC files for seal, agreeing with Ripple on irrelevance of third-party identity appeared first on Coingape.

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China Crypto Crackdown: Exchanges that gave in to the Regulators

Amid the expanding Chinese Crypto crackdown, many exchanges have waved the white flag to the regulators. While the authoritarian government stands a strong ground against the decentralized sphere, the crypto platfroms suffer another blow with every new anti-crypto law. Two of the world’s largest cryptocurrency exchanges, Huobi and Binance have given up the fight for

The post China Crypto Crackdown: Exchanges that gave in to the Regulators appeared first on Coingape.

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dYdX 24-Hours Transaction Volumes Surges Above Coinbase’s, But Here’s the Catch

Leading decentralized exchange (DEX) dYdX has recently seen a strong surge in trading volume. Popular crypto analyst Colin Wu reported that the dYDx transaction volumes in the last 24 hours surpassed 4.28 billion, surpassing the leading crypto exchange Coinbase for the first time. According to CoinMarketCap data, the dYdX transaction volume in the past 24

The post dYdX 24-Hours Transaction Volumes Surges Above Coinbase’s, But Here’s the Catch appeared first on Coingape.

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Cardano ($ADA) Announces New Stablecoin Issuer, Hoskinson Calls it Game-Changer

Cardano ($ADA) blockchain is fast moving towards building its own decentralized ecosystem after the successful integration of smart contracts via Alonzo hardfork. During the ongoing Cardano Summit 2021, founder Charles Hoskinson announced COTI would be the official stablecoin issuer on the Cardano blockchain that would issue Djed stablecoins. At the #CardanoSummit2021 stage in Laramie, Wyoming

The post Cardano ($ADA) Announces New Stablecoin Issuer, Hoskinson Calls it Game-Changer appeared first on Coingape.

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Ethereum, Uniswap Price Analysis: September 25, 2021

Ethereum leads altcoins into recovery after rebounding from last week’s crash to the 100-day SMA. Uniswap gains 35% in 24 hours, testing the $25 hurdle after leaving support at $17.5 in the rearview. The crypto market is making a comeback in the green with a bang as the week takes off. Trading over the week

The post Ethereum, Uniswap Price Analysis: September 25, 2021 appeared first on Coingape.

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ETH Price Analysis: A Slowing Mid-Term Bearish Trend Hints Bullish Comeback for Ethereum

The ETHUSDT price finally slumps by roughly 21% after trading within an expanding channel formed by a bearish and bullish divergence setup on 03 Sep ’21 16:00 and 05 Sep ’21 04:00. ETHUSDT 4 Hr Chart This price move was eventually felt on the Daily time frame ending the mid-term uptrend trend bias, and a

The post ETH Price Analysis: A Slowing Mid-Term Bearish Trend Hints Bullish Comeback for Ethereum appeared first on Coingape.

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BTC Price Analysis: Bitcoin Bulls look to scale Into a Break of $43200 As Leverage Piles Up Again

The recent bearish statement by the People’s Bank of China labeling all cryptocurrency related transactions as illegal followed by a decline in Bitcoin-Blockchain Miners’ revenue [BCHAIN/MIREV] suggests the recent slump in the Bitcoin BTC price. Earlier this month, the BTCUSDT crypto pair traded above the 200-period Moving Average on the H4 time frame as shown

The post BTC Price Analysis: Bitcoin Bulls look to scale Into a Break of $43200 As Leverage Piles Up Again appeared first on Coingape.

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XRP Lawsuit: SEC may lose credibility as “just personal opinion” argument becomes invalid

The latest update in the XRP lawsuit saw the defendants file a letter appealing the addition of three documents to be reviewed in camera based on a privilege log provided by the SEC after the August 31, 2021, telephone conference. These documents also include an email chain that potentially discards the SEC’s former “just an

The post XRP Lawsuit: SEC may lose credibility as “just personal opinion” argument becomes invalid appeared first on Coingape.

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Ripple CEO Reveals the “Only” Condition Under Which They Would Settle With SEC

The Ripple vs SEC lawsuit is nearing an end and with settlement speculations still quite high, Ripple CEO Brad Garlinghouse cleared the only condition that would make them settle with the SEC. Garlinghouse appeared on the Fox network to talk about the need for clarity on Security laws from the SEC and also made it

The post Ripple CEO Reveals the “Only” Condition Under Which They Would Settle With SEC appeared first on Coingape.

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China Crypto Ban: Here’s Five Critical Things You Should Know

People’s Bank of China (PBOC) issued fresh guidelines to eliminate all forms of crypto use in mainland China. The Chinese Central Bank deemed all crypto-related transactions illegal and ordered authorities to take strict action against existing crypto mining farms in the country. It also prohibited any foreign crypto exchanges from offering services in the country.

The post China Crypto Ban: Here’s Five Critical Things You Should Know appeared first on Coingape.

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Crypto Market Enters Sharp Correction After China Declares Crypto Transactions As Illegal

Over the last two hours from press time, the crypto market has collectively lost a staggering $150 billion with a sharp 5% drop. This comes amid China’s intensified crackdown on digital assets and declaring crypto transactions as illegal. On Friday afternoon, September 24, the People’s Bank of China (PBoC) said that the latest decision was

The post Crypto Market Enters Sharp Correction After China Declares Crypto Transactions As Illegal appeared first on Coingape.

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Twitter Announces Big NFT Plans as Bitcoin ($BTC) Tipping Goes Live For iOS Users

The Bitcoin ($BTC) tipping feature went live on Twitter today for iOS users, making it the first global monetary network. The BTC tipping would be facilitated via a layer-2 solution lightning network. Twitter has partnered with Strike, a BTC wallet app based on the lightning network, to build the infrastructure and API for the integration,

The post Twitter Announces Big NFT Plans as Bitcoin ($BTC) Tipping Goes Live For iOS Users appeared first on Coingape.

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Ethereum Price Analysis: ETH Needs This Crucial Level Ahead Of Approach To $4,000

Ethereum is doddering at $3,100 after failing to break the resistance at $3,200. The MACD may call more buyers into the market if Ether confirms a break above $3,200, a move that could bolster ETH toward $4,000. Ethereum moved with its peers on Thursday and managed to reclaim the ground above $3,000. As reported earlier

The post Ethereum Price Analysis: ETH Needs This Crucial Level Ahead Of Approach To $4,000 appeared first on Coingape.

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eToro Sets Eyes on Defi Market, Launches 11 Defi Assets Based Investment Portfolio

eToro, the mobile trading service is looking to expand its crypto offering and now it is tapping into one of the most popular crypto use cases defi. The platform announced a new Defi portfolio with 11 digital assets including Ether, Uniswap, Chainlink, Aave, Compound, Yearn.Finance, Decentraland, Polygon, algorand, basic attention token, and maker. Dani Brinker,

The post eToro Sets Eyes on Defi Market, Launches 11 Defi Assets Based Investment Portfolio appeared first on Coingape.

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Just-in: Coinbase to expand legal and compliance team Amid regulatory crackdown

As the SEC threatened to sue, Coinbase, the largest publicly listed crypto exchange has decided to abide by the regulatory framework and collaborate with the authorities in sketching out a “sensible regulation” for the crypto industry in the US. Coinbase’s website has posted over 350 job openings, including legal and compliance job profiles to restore

The post Just-in: Coinbase to expand legal and compliance team Amid regulatory crackdown appeared first on Coingape.

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XRP Lawsuit: Settlement speculations rise upon SEC request for an extension to file seal

The latest update in the XRP lawsuit saw the SEC appeal for an extension to file for its letter motion to seal certain portions of Ripple’s objections and responses to the SEC’s second and third sets of interrogatories, submitted as exhibits for the Court’s consideration in support of the SEC’s letter opposing Defendants’ letter motion

The post XRP Lawsuit: Settlement speculations rise upon SEC request for an extension to file seal appeared first on Coingape.

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President Biden nominates Crypto Critic to regulate Wall Street

According to Bloomberg, President Biden will reportedly nominate the anti-crypto critic, Saule Omarova as the director of the U.S. Monetary Supervision Agency, i.e., the Office of the Comptroller of the Currency (OCC). Omarova in the past has argued that digital currencies pose a threat of destabilizing the economy and can be easily abused by private

The post President Biden nominates Crypto Critic to regulate Wall Street appeared first on Coingape.

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Breaking: Satoshi Nakamoto’s Website Gets Hacked, Scammers Run BTC Giveaway Scam

Bitcoin.org, the oldest cryptocurrency website registered by the pseudo-anonymous creator of Bitcoin Satoshi Nakamoto was hacked earlier today. The hackers then ran a BTC giveaway scam promising to return double the amount of BTC that users send to the mentioned address. The scammers reportedly managed to collect $17,764 before the website was taken down. It

The post Breaking: Satoshi Nakamoto’s Website Gets Hacked, Scammers Run BTC Giveaway Scam appeared first on Coingape.

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Amid Strong Comeback Altcoins Add $100 Billion in 24 Hours, Ethereum (ETH) Above $3100

The overall crypto space has bounced back strongly amid the global market recovery on Wednesday led by positive Fed commentary. It’s the altcoin space that’s leading the crypto market rally by adding $100 billion to the overall crypto market. The world’s second-largest cryptocurrency Ethereum (ETH) is showing healthy gains shooting 10% and moving past $3,100

The post Amid Strong Comeback Altcoins Add $100 Billion in 24 Hours, Ethereum (ETH) Above $3100 appeared first on Coingape.

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