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Arnold Potts

Founder and Lead Editor of Coinfiend. Arnold loves all things blockchain.

BlockFi Settles with FTX and Alameda Estates for Nearly $1 Billion: A Step Closer to Recovery

March 11, 2024 by Arnold Potts

BlockFi, a bankrupt crypto lender, has reached a significant settlement with the estates of FTX and Alameda Research for nearly $1 billion dollars. This agreement marks a crucial step towards full recovery for BlockFi’s customers who were impacted by the fallout of …

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Bitcoin Surpasses $61,000 as New All-Time High Approaches

March 10, 2024 by Arnold Potts

Bitcoin surged past the $61,000 mark today, edging closer to a new all-time high as spot Bitcoin ETF inflows and investor enthusiasm continue to drive up prices. The milestone comes amid increasing interest in the Bitcoin market and growing adoption by institutional …

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Meme Coins Surge as Ethereum Nears $4K: PEPE, SHIB, and DOGE Lead the Rally

March 10, 2024 by Arnold Potts

Meme coins like PEPE, SHIB, and DOGE have experienced a significant surge in value, with gains of up to 26% in the past 24 hours. This increase in value is attributed to a “spillover effect” from the growth of Bitcoin and Ethereum, …

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Cryptopia Exchange to Distribute Bitcoin and Dogecoin to Qualifying Account Holders

March 10, 2024 by Arnold Potts

Bankrupt crypto exchange Cryptopia has announced plans to distribute bitcoin and dogecoin to qualifying account holders in the coming months. The New Zealand-based company filed for liquidation after millions of dollars worth of tokens were stolen from the platform in a 2019 …

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Optimism Foundation Sells $90 Million Worth of OP Tokens in Private Transaction

March 9, 2024 by Arnold Potts

The Optimism Foundation, a key player in the development and maintenance of the Optimism network, recently announced the sale of approximately 19.5 million OP tokens in a private transaction to an undisclosed buyer. The tokens, which were sold for nearly $90 million …

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Old Miners Sell Long-Dormant Bitcoin as BTC Plunges: Impact on Price and Market Liquidity

March 9, 2024 by Arnold Potts

Miners appear to have just sold long-dormant bitcoin, sourced from old block rewards, right when BTC plunged from its record high on Tuesday. Given the market’s thin liquidity, it could have had an outsized impact on bitcoin’s price. Bitcoin’s rapid price ascent …

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The Power of Instant Settlement: Transforming Behavior and Reconnecting with Nature

March 9, 2024 by Arnold Potts

Instant settlement is revolutionizing the way we approach work and compensation, reconnecting us with the fundamental laws of nature and challenging the existing paradigm of pay-per-time systems in the labor market. This shift towards instant settlement, facilitated by technologies like the Lightning …

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Crypto Dollars Helped Lift US Politicians to Victory in Congressional Primaries

March 8, 2024 by Arnold Potts

Crypto political action committees (PACs) made a significant impact on congressional primary elections held on Super Tuesday, with their contributions helping several candidates secure victories in key races across the United States. Among the states where crypto PACs played a role in …

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Investors Favor Bitcoin ETFs Over Miners Ahead of Halving Event: What’s Driving the Shift?

March 8, 2024 by Arnold Potts

has led investors to believe that it may be safer to put money into bitcoin spot ETFs rather than taking on the risk that may arise from holding miners ahead of the halving event. Miners need to prove they can generate strong …

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Jupiter’s Perpetual Crypto Trading Struggles Amid Bitcoin Volatility: Users Report Losses and Failed Trades

March 8, 2024 by Arnold Potts

Jupiter’s perpetual trading service faced significant challenges during a period of high volatility in the Bitcoin markets, leaving users concerned about the safety of their funds. The platform, known for its on-chain derivatives trading, experienced issues with failed trades and liquidated positions …

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