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JJ Cryptocurrency

Coin Journal

Judge approves the sale of GK8 to Galaxy Digital

Galaxy Digital is set to finalise its acquisition of crypto self-custody platform GK8. Mike Novogratz’s company won the auction for GK8 earlier this week. GK8’s sale is part of the ongoing Celsius bankruptcy proceedings. Galaxy Digital to finalise its acquisition of GK8 Judge Martin Glenn approved the sale of the crypto self-custody platform GK8 to …

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Binance launches Binance Pay for its US customers

Crypto exchange Binance has rolled out a new feature for its customers in the United States. Binance Pay has been available to clients in other parts of the world since February 2021. Binance remains the world’s leading cryptocurrency exchange. Binance Pay is now available to US customers Binance, the world’s largest cryptocurrency exchange, announced on …

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What are Bitcoin casinos and how do they work?

Bitcoin casinos have seen tremendous growth over the past decade following the launch of the benchmark cryptocurrency. Crypto casinos differ from traditional casinos when it comes to use of cryptocurrencies for deposits nd withdrawals. Benefits of Bitcoin casinos include zero fees, anonymity and security. Online gambling has been one of the biggest success stories of …

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Ark Invest purchases over 78k Coinbase shares despite sliding prices

Ark Invest has increased its investment in Coinbase after purchasing 78k shares of the company. Coinbase’s stock price is down by 83% since the start of the year. Ark Invest now holds 5.7 million Coinbase shares. Cathie Wood’s Ark Invest purchases more Coinbase shares Cathie Wood’s Ark Investment Management revealed a few hours ago that …

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Coinbase asks users to switch USDT for the ‘reputable’ USDC

Crypto exchange Coinbase wants its users to switch their USDT for USDC. The company calls USDC the trusted and reputable stablecoin. Coinbase is a co-founder of Circle, the company that issues the USDC stablecoin. Coinbase wants users to adopt USDC Coinbase, one of the leading crypto exchanges in the world, has urged its users to …

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PayPal expands cryptocurrencies operations to Luxembourg

PayPal has announced that it is expanding its cryptocurrency operations to Luxembourg despite the ongoing crypto winter which is projected to extend to 2023 after the FTX collapse. KEY TAKEAWAYS 2022 has been one of the darkest years for the crypto industry because of the crushing prices and collapse of crypto giants. PayPal expanding crypto …

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Sushiswap developers propose to divert 100% of fees generated to Sushi’s multisig

Sushiswap developers have submitted a new governance proposal to the community. The proposal seeks to divert 100% of fees generated on the platform to Sushi’s multisig. The funds would be used for Sushi’s multisig for a year or until new tokenomics are implemented. Sushiswap developers want to divert trading fees Developers of the decentralised finance …

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Australian crypto exchange Swyftx to cut 45% of staff amid crypto winter

Swyftx cuts 90 jobs as the cryptocurrency winter continues to affect more companies. The company follows exchanges like Coinbase, Bybit, and Kraken in reducing its employee headcount to cope with the bear market. Swyftx admitted that it grew too fast, and the bear market is now affecting its operations. Swyftx becomes the latest crypto exchange …

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FTX to hire BitGo to safeguard its assets during bankruptcy

FTX’s bankruptcy proceedings continue, and the company has now asked a judge to allow it to hire BitGo to secure its assets. Bankrupt crypto exchange FTX has notified a federal judge that it wants to hire BitGo to safeguard the remainder of its digital assets as bankruptcy proceedings play out. BitGo is a leading institutional …

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