Someone familiar with the situation stated that the cost was below the $250 million that was spent on acquiring the custody firm Metaco back in May.
Thodex, once among Turkey's leading cryptocurrency exchanges, abruptly ceased operations in April 2021, coinciding with the disappearance of its founder, Özer.
Sen. Bill Hagerty, a member of the Senate Banking Committee from the Republican party, advocates for a more comprehensive examination of the relationship between the securities regulator and the digital assets sector.
A whale is a term in cryptocurrency used for persons or entities that have such a significant amount of the asset that they can affect the market price.
Bitcoin whales could be problematic for the cryptocurrency market. With their digital wealth and the fact that the cryptocurrency market is not regulated, whales could have enough influence to move the market in their preferred direction. Therefore, most traders pay close attention to whales to determine when, how, and where they trade.
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