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Despite Runes’ Transaction Dominance, Bitcoin Miners See Continued Revenue Drop

According to recent data, transactions linked to the Runes protocol have been notably high in block utilization since its implementation on April 19. Figures from April 23 show that transactions…

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Bitget Cites High Adoption Rates in MENA Following 1,400% Surge in Region’s Active Users

Between November 2023 and April 10, the number of active cryptocurrency users from the Middle East and North Africa using the Bitget platform grew by more than 1,400%. Bitget’s strong…

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Australian, Indonesian Tax Bodies Sign Agreement to Share Crypto Information

The tax authorities of Australia and Indonesia have signed a memorandum of understanding to share information on cryptocurrency. Under this agreement, both entities will exchange data on crypto assets and…

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SEC Seeks $5.3 Billion in Final Judgment Against Do Kwon and Terraform Labs

The U.S. Securities and Exchange Commission (SEC) has asked the court to order Terraform Labs and Do Kwon to pay around $5.3 billion as part of the final judgment against…

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Edward Snowden Defends Crypto Privacy, Criticizes DOJ for Samourai Wallet Arrests

Edward Snowden criticized the U.S. Department of Justice (DOJ) for targeting app developers aimed at restoring financial privacy, responding to the arrest of the founders and CEO of cryptocurrency mixing…

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S&P Global Report: New Legislation Could ‘Boost’ US Stablecoin Landscape

According to a report from S&P Global Ratings, the introduction of the Lummis-Gillibrand Payment Stablecoin Act on April 17, 2024, promises to significantly reshape the U.S. stablecoin market. Authored by…

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Block Unveils Bitcoin Conversion Feature for Square Merchants 

On Wednesday, Block, the financial services firm, disclosed that merchants using Square can convert their daily sales into bitcoin through the Cash App. Block’s founder, Jack Dorsey, revealed this update…

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OP_CAT Proposal Assigned BIP-347, Aims to Enhance Bitcoin With Ethereum-Style Smart Contracts

OP_CAT, a proposal aimed at introducing Ethereum-like smart contract functionality to Bitcoin, has been assigned the Bitcoin Improvement Proposal (BIP) number 347, marking the first step towards potentially implementing this…

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Tesla Maintains Bitcoin Holdings — Balance Sheet Shows $184 Million in Digital Assets

Elon Musk’s electric car company, Tesla, has maintained its bitcoin holdings. The company’s Q1 balance sheet shows net digital assets of $184 million. According to crypto analytics firm Arkham, Tesla…

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