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Ethereum Reaches $10B Revenue in Seven Years for a Win Against Tech Majors
Ethereum (CRYPTO: ETH) managed to get to revenue levels that tech majors failed to reach after years of operations. The platform’s diverse revenue sources and strong network activities were the driving factors.What Happened: Launched in 2015, Ethereum now touched a revenue milestone of $10 billion, taking it ahead of tech majors such as Microsoft Corp...
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Lawmakers Demand SEC Approve Spot Bitcoin ETPs Immediately, Citing Court Ruling
A group of bipartisan lawmakers penned a letter to U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler urging the approval of spot Bitcoin (CRYPTO: BTC) exchange-traded products (ETPs).The lawmakers emphasized the need for the SEC to cease any discriminatory actions against spot Bitcoin ETPs.This move is expected to be a focal point of discussions...
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EXCLUSIVE: Wolf of Wall Street Jordan Belfort Thinks Most Penny Stocks Are Garbage — 'Not Designe...
Jordan Belfort, an investor, entrepreneur, and motivational speaker, is recognized for various reasons, including his life being depicted in a popular Hollywood movie and his strong views on the cryptocurrency sector.In an exclusive interview with Benzinga, Belfort let loose with his opinion on penny stocks.What Happened: Over time, Belfort has conceded that his initial opinions...
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MoneyGram Embraces Digital Assets, Plans Non-Custodial Wallet Launch for Early Q1
MoneyGram International plans to launch a noncustodial wallet service beginning in 2024.Find out more on how financial services have blended with technology. Meet and engage with transformative Fintech business leaders and investors at Benzinga's exclusive event — Fintech Deal Day. Tickets are going fast — get yours!What Happened: The company's digital wallet, built by Cheesecake...
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Pudgy Penguins Walmart Debut Marks 'Huge Step Forward' for Web3, NFTs
One of the most popular non-fungible token (NFT) collections now has toys available in Walmart Inc (NYSE: WMT) stores. The move comes after the collection was acquired in 2022 for 750 Ethereum (CRYPTO: ETH), or around $2.5 million, and saw its new CEO conduct an impressive comeback story.What Happened: NFT and IP brand development company...
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Chase's Crypto-Related Transactions Ban in UK: a Sign of the Times — or a Sign of Weakness?
JP Morgan Chase & Co (NYSE: JPM), the prominent banking institution, decided to halt cryptocurrency-related transactions for its U.K. clientele starting Oct. 16, according to a recent communication to its users.The bank stated, "If we think you're making a payment related to crypto assets, we'll decline it," suggesting patrons keen on crypto investments might need...
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Blockchain Life 2023 in Dubai: a Global Crypto Gathering
Dubai Welcomes Crypto Enthusiasts from 120 CountriesDubai is set to host the 11th Blockchain Life Forum on October 24-25, an event that has earned its reputation as the "Crypto Whales Meeting Point." With over 7,000 attendees from 120 countries, this gathering is a testament to the global reach and influence of the crypto world.Who's Speaking?The...
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2,720 ETH Worth $4M Was Just Burned
What happened: On Monday a total of 2,720.56 Ether (CRYPTO: ETH) worth $4,315,113, based on the current value of Ethereum at time of publication ($1,586.11), was burned from Ethereum transactions. Burning is when a coin or token is sent to an unusable wallet to remove it from circulation.Why it matters: On August 5th, 2021, the...
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Is the Bitcoin Market Overheated, Overleveraged? Why These Analysts Are Caution Traders
In a recent analysis, experts raised concerns about the potential vulnerabilities in the Bitcoin (CRYPTO: BTC) market due to leveraged long positions that lack adequate spot buying support.The analysis came at a crucial time, especially as discussions around the future of digital assets gain momentum.Such insights will undoubtedly be a topic of interest at the...
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Crypto Exchanges Bypass Proper Licenses, Exaggerate Daily Trading Volume: Report
Certain crypto exchanges are boasting about their licenses and daily trading volume, but their claims appear suspect.That's according to Cointelegraph, which has been looking into the matter of whether Bitspay and other companies are truly regulated.What Happened: Estonia's Financial Intelligence Unit (FIU) confirmed to the outlet that Bitspay doesn't hold a valid license to operate...
