Crypto

Latest Crypto News from Hustle Big Network

  • CBDCs Praised by White House while Bitcoin Is Criticized for Lack of Fundamental Value

    The Council fo Economic Advisors showed outright disregard for the purported benefits of Bitcoin and other cryptocurrencies in the President’s Economic Report released on Tuesday.  The report claimed that cryptocurrencies lack fundamental value, and also do not “act as effective alternatives to money.” Crypto: Expectations VS Reality The White House report included two dedicated sections pertaining to digital assets: one…

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  • Bitcoin Investor Sentiment Bounces Back To All-Time High Levels In Crypto Market.

    Crypto investors are becoming more greedy with the price of Bitcoin breaking the $28,000 resistance. The Crypto Fear & Greed Index has now returned to levels not seen since November 2021, which was right around the time when the price of BTC hit its all-time high. Crypto Investors Are Very Greedy Since 2023 began, crypto investor sentiment has been on…

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  • Fake USDC Airdrop Promoted through Hacking of Circle Executive’s Twitter Account

    Hackers have managed to infiltrate the Twitter account of a Circle executive to falsely state that the stablecoin issuer was conducting a USDC airdrop. The fake airdrop leads to a phishing website likely designed to steal users’ tokens. Circle CEO Jeremy Allaire confirmed that the Twitter account belonging to Dante Disparte, the company’s chief strategy officer and head of global…

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  • MetaMask Collaborates with MoonPay to Facilitate Immediate Cryptocurrency Transactions in Nigeria

    Crypto-related developments continue to gain more ground despite the recent market turmoil caused by FTX has broken the investors’ trust. This time, ConsenSys, the firm behind the most used self-custodian cryptocurrency wallet, MetaMask, inked a partnership with Web3 payment channel, MoonPay.  This collaboration enables Nigerian crypto users to buy digital assets more conveniently than before, providing users with direct on-ramps…

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  • Crypto Cashback Program: Celsius Users Eligible for up to 72.5% Returns.

    Due to a landmark decision by Justice Martin Glenn, the courts have ruled that Celsius customers can receive up to 72.5% of their deposited crypto back, although the refund would not be instant in all cases. Refund for Custody Accounts The deal would only apply to Custody account holders. Nearly 600,000 Earn such investors would not benefit, as the court…

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  • An Economist Predicts Bitcoin Price to Reach $50,000 Within a Year

    Bitcoin price could see a boost amid a widespread financial crisis that has already led to the collapse of several banking giants and put many others at risk, according to Raoul Pal, Real Vision CEO and a former hedge fund manager.  Pal sees the current situation as a potential opportunity for Bitcoin to establish itself as a safe haven asset…

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  • Core Scientific Resolves Payment Dispute by Shipping Mining Equipment Worth $20M

    The United States Bankruptcy Court for the Southern District of Texas ordered Core Scientific to transfer approximately $20.8 million worth of mining equipment to the energy infrastructure firm – Priority Power.  The entities had a dispute over two mining facilities located in Texas that were supposed to supply Core Scientific with 1,000 megawatts of electricity.  The Judge’s Decision The judge…

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  • Potential for Ethereum to Surge Further Once Bitcoin’s Rally Subsides

    On-chain data suggests Ethereum is in a better long-term growth position than Bitcoin and could thus see gains even after BTC’s rally ends. Ethereum Exchange Reserve Hasn’t Risen That Significantly Yet As an analyst in a CryptoQuant post pointed out, investors have been depositing Bitcoin into exchanges recently. The indicator of interest here is the “exchange reserve,” which measures the…

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  • Former Coinbase Chief Technology Officer Clarifies His $2 Million Wager on Hyperbitcoinization

    Former Coinbase CTO and venture capitalist Balaji Srinivasan has many skeptical of his latest prediction that Bitcoin will moon to $1 million within 90 days. What could he really be after with such a bullish public bet? On Tuesday, Balaji explained that his $2 million gamble isn’t about making money, but about settling an “ideological matter” surrounding U.S. dollar inflation.…

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  • Clay Nation Launches Cardano-Powered NFTs Featuring Snoop Dogg

    Rap legend Snoop Dogg and Cardano-based NFT project Clay Nation have unveiled a new NFT collection called “Snoop Dogg, Gin & Juice,” part of “Icons by Clay Nation.” Back in April last year, Snoop Dogg announced his partnership with Clay Nation, a marketplace for collectible Cardano NFTs. The rapper caused a stir in the crypto community with the announcement. The…

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