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Bitcoin (BTC) continues to recover from the lows of $54K experienced over the weekend. The leading cryptocurrency was hovering around the $56,807 level during intraday trading, according to CoinMarketCap.  More participants have also been joining the Bitcoin network, given that the number of non-zero addresses reached an all-time high (ATH) of 39,132,776.  Bitcoin’s settlement efficiency

Bitcoin mining company Griid announced that it will merge with Adit EdTech Acquisition Corp through a special purpose acquisition company (SPAC) to be listed on the New York Stock Exchange under the stock code “GRDI”. After the merger, Griid which is headquartered in Cincinnati and focuses on providing vertical integration will be valued at as

Coinbase Global Inc has announced that it has acquired an Unbound security company based in Israel, developing ways to transfer and store cryptocurrencies more easily and securely.  On Tuesday, November 30, Coinbase stated that it acquired Unbound to expand its multi-party computational (MPC) capabilities, gain access to the company’s cryptographic security experts, and launch a

David Marcus, the head of cryptocurrency projects at Meta Platform Inc (formerly Facebook), announced on Tuesday, November 30, that he will be departing the firm by the end of the year to begin working on something new.  Marcus made the announcement via Facebook social media platform, saying: “After a fulfilling seven years at Meta, I’ve

Crypto investors in South Korea might have a sigh of relief because the government intends to suspend the taxation until 2023, given that it would have been heavier than other investments like stocks.  Crypto taxation has been a burning issue in the nation since its parliament brought up a bill in 2020.  The South Korean Ministry of