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Bitget Token Plunges 52% Amid Market Downturn: Exchange Offers Compensation

The cryptocurrency market experienced a significant downturn on Monday, with the Bitget Token (BGB) plummeting by 52%. This sharp drop caused significant concern among BGB holders and sent shockwaves through the broader cryptocurrency community. In response, Bitget, the exchange behind the token, quickly announced a compensation plan to provide relief to affected holders. Bitget attributed the dramatic price drop to “market sluggishness” and broader crypto market volatility. The exchange has assured its users that steps will be taken to address their losses. Bitget’s compensation...

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21.co Partners with Crypto.com to Boost Bitcoin Liquidity on Ethereum and Solana

In a strategic move to enhance Bitcoin liquidity within the Ethereum and Solana ecosystems, 21.co has teamed up with Crypto.com. This partnership aims to make Bitcoin more accessible and readily available for users of these popular platforms. Through this collaboration, 21.co’s 21BTC, a Bitcoin-based token, will benefit from Crypto.com’s robust infrastructure and liquidity provision services. This will contribute to smoother transactions and better price discovery for Bitcoin on Ethereum and Solana, ultimately benefiting both traders and developers within these ecosystems. This partnership...

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Wirex Honors Women in Crypto with Annual Rising Women in Crypto Awards 2024

Wirex, a global leader in Web3 financial solutions, is thrilled to announce the launch of its annual Rising Women in Crypto Awards 2024. This prestigious initiative, now in its fifth year, celebrates the remarkable achievements of women in the cryptocurrency and blockchain industry. Wirex, in partnership with BeInCrypto, is committed to shining a light on the outstanding contributions of women across the Web3 landscape. The Rising Women in Crypto Awards highlight the diverse talents and accomplishments of women in various Web3 sectors, including technology, finance, entrepreneurship, and advocacy....

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Kraken Drops Monero Support in EEA: Impact on Privacy Coin

Kraken, a prominent cryptocurrency exchange, has announced the discontinuation of Monero (XMR) support for users within the European Economic Area (EEA). This decision comes as part of Kraken’s efforts to comply with stricter regulations governing privacy-focused cryptocurrencies. Following the announcement, Monero’s price experienced a significant dip, dropping by 8% within a 24-hour period. This decline underscores the potential impact of regulatory scrutiny and exchange restrictions on privacy coins. The move by Kraken highlights the growing pressure on crypto exchanges to comply...

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