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BNY Mellon has introduced tokenized deposits, marking a significant step in the traditional finance (TradFi) sector's embrace of blockchain and cryptocurrency. This initiative allows clients to hold digital assets in a secure, regulated environment, enhancing the efficiency of transactions. The move comes as financial institutions increasingly explore blockchain
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The article provides price predictions for various cryptocurrencies as of January 9, focusing on Bitcoin (BTC), Ethereum (ETH), XRP, Binance Coin (BNB), Solana (SOL), Dogecoin (DOGE), Cardano (ADA), Bitcoin Cash (BCH), Chainlink (LINK), and HYPE. Analysts anticipate potential price movements based on market trends and technical analysis. BTC is expected
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Bitcoin's potential for a significant price rally may hinge on the upcoming Consumer Price Index (CPI) data release, which is scheduled for October 12. Analysts believe that a lower-than-expected CPI could bolster investor confidence and lead to increased buying activity in the cryptocurrency market. Historically, Bitcoin has reacted
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U.S. Bitcoin exchange-traded funds (ETFs) have experienced a three-day streak of outflows, indicating a decline in investor risk appetite. This trend comes amid broader market volatility and concerns over regulatory scrutiny in the cryptocurrency space. Analysts suggest that the recent downturn in Bitcoin prices may have contributed to the
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In December, the U.S. economy added 50,000 jobs, indicating a steady job growth despite challenges. The unemployment rate decreased to 4.4%, reflecting improvements in the labor market. This job growth suggests resilience in the economy amid various pressures. Analysts view these figures as a positive sign for
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Masked gunmen in France tied up a woman and stole a USB device containing cryptocurrency. The incident occurred in the woman's home in the Paris suburb of Saint-Denis. Authorities are investigating the robbery, which highlights the growing risks associated with storing digital assets. The stolen USB is believed
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The CoinDesk 20 index has shown little movement, trading flat in recent sessions. Among the cryptocurrencies, Polygon has stood out with a notable gain of 11.2%. This performance update highlights the varying trends within the crypto market, with some assets experiencing significant fluctuations while the overall index remains stable.
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The UK Financial Conduct Authority (FCA) has announced that all registered crypto companies must reapply for approval to continue operating under the country's regulatory framework. This decision is part of the FCA's efforts to enhance oversight and ensure compliance with anti-money laundering regulations. Companies will need
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Australia's financial regulator has raised concerns about Grok, an AI image generation platform, amid a surge in complaints regarding the misuse of AI-generated images. The Australian Securities and Investments Commission (ASIC) is particularly focused on the potential for Grok to facilitate misleading advertising and fraudulent activities. The regulator
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Sharplink has successfully raised $33 million through Ether staking and plans to deploy an additional $170 million in Ethereum. The company aims to enhance its staking operations and expand its presence in the crypto market. This move is part of Sharplink's strategy to leverage the growing interest in
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Ripple has received regulatory approval in the UK through its local subsidiary, allowing it to operate as a registered crypto asset firm. This approval comes from the Financial Conduct Authority (FCA) and enables Ripple to offer its services in compliance with UK regulations. The move is seen as a significant
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Bitcoin's Relative Strength Index (RSI) suggests a potential price rebound to $105,000 as multiple bullish signals emerge in the market. Analysts note that the RSI has reached levels historically associated with significant upward price movements. Additionally, the overall market sentiment is shifting positively, with increased buying activity