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The U.S. Treasury Department on Monday, June 1, announced it had placed sanctions on Nobitex, Iran’s biggest cryptocurrency exchange, along with three other digital asset platforms, due to accusations of aiding Tehran in evading Western sanctions and helping to funnel money to blacklisted inst…

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A sovereign default-risk model estimates Bitcoin’s fair value at $224,000, as rising debt risks and bond-market stress could strengthen the asset’s long-term investment case.

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Bitcoin Magazine

Democrats Sanders and Warren Push Labor Department to Abandon Bitcoin 401(k) Rule Bernie Sanders and Elizabeth Warren are urging the U.S. Department of Labor under Donald Trump to withdraw a proposed rule allowing Bitcoin and other cryptocurrencies in retirement accounts. This post Democrats Sanders and Warren Push Labor Department to Abandon Bitcoin 401(k) Rule first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

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Bitcoin Magazine

Bitcoin Stocks, Led By Strategy (MSTR), Take a Beating as BTC Price Sells Off  Bitcoin’s drop into the mid-$67,000s — driven by ETF outflows, Mt. Gox movements, geopolitical tension, and Strategy’s first BTC sale in years—triggered an outsized selloff in crypto-linked stocks. This post Bitcoin Stocks, Led By Strategy (MSTR), Take a Beating as BTC Price Sells Off  first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

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Strive (NASDAQ: STRV) purchased 2,500 Bitcoins between May 23 and June 1 for approximately $185.2 million, bringing the company’s treasury to 19,000 BTC  The 2,500 BTC purchase was funded almost entirely through the company’s Variable Rate Series A Perpetual Preferred Stock (SATA), with an average cost of about $74,092 per coin. Is Strive still buying...

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Bitcoin fell below $68,000 on Tuesday, hitting its lowest level since early April as traders reacted to Strategy’s Bitcoin sale, ETF outflows, and NEW Mt. Gox wallet movement. Strategy sold 32 BTC between May 26 and May 31 for about $2.5 million, with the money going toward distributions on its STRC preferred stock. U.S. stocks...

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Ripple is pushing its dollar-backed stablecoin into Turkey, betting that one of the world’s most active digital-asset markets is ready for a more regulated version of the digital dollars already used to navigate currency weakness and limited access to traditional dollar savings. On June 2, the Brad Garlinghouse-led company announced that its US dollar-pegged stablecoin, […] The post Ripple is bringing its regulated RLUSD stablecoin to MENA’s biggest crypto market appeared first on CryptoSlate.