China Sells Seized Cryptos to Support Public Finances
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Local governments in China are teaming up with private firms to sell seized cryptocurrencies in offshore markets, turning them into cash to bolster public funds, reports Reuters. By the end of 2023, they held about 15,000 BTC worth $1.4 billion, making these sales a vital income source. With a total of 194,000 BTC valued at approximately $16 billion, China is the second-largest Bitcoin holder globally, trailing only the U.S., and using these assets to ease economic challenges.
XRP’s Advantage? Being Built in the U.S. at the Right Time
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Pi Coin Price Prediction: Is $1.70 Coming After 7% Rise?
The post Pi Coin Price Prediction: Is $1.70 Coming After 7% Rise? appeared first on Coinpedia Fintec...
Robinhood Tops Wall Street’s Q1 Earnings Estimates: Crypto Revenue Surged 100% YoY
The post Robinhood Tops Wall Street’s Q1 Earnings Estimates: Crypto Revenue Surged 100% YoY appeared...