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What Is Driving Bitcoin Prices Higher?

A short squeeze appears to have driven BTC prices higher, as those betting on bitcoin heading lower had to sell in quick succession to cover. Short liquidations or forced closure of sell positions due to margin shortage have likely added upward pressure on prices. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Crypto ATM Installations Increased Over 70% Globally This Year

According to data from Coin ATM Radar, the number of crypto ATMs installed globally has increased by more than 70% from 7,620 to 24,030 this year, compared with a jump of 120% for all of 2020. "The Hash" hosts discuss the rise of crypto ATMs and whether they could propel mainstream adoption of cryptocurrencies at large.

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Report: Tether Executives Facing Criminal Bank Fraud Charges

Bloomberg reports executives from Tether are reportedly facing a criminal probe into bank fraud, with the U.S. Department of Justice investigating the USDT issuer for a possible offense conducted years ago. “The Hash” panel discusses the ongoing controversy around Tether and why this developing story is one to watch.

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DeFi Crackdown: Uniswap Labs Limits Access to Some Tokens

Software development studio Uniswap Labs said Friday it is restricting access to some tokens, including tokenized stocks and derivatives on the protocol interface that it supports. “The Hash” group discusses whether this is a result of increased enforcement actions from U.S regulators on decentralized finance (DeFi) products.

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Binance to Cut Leverage Limit to 20x, a Day After FTX Announces the Same

Binance, the world’s largest crypto exchange by trading volume, is reducing the maximum leverage users can use to trade futures contracts. CEO Changpeng Zhao tweeted Monday the new limit is 20 times leverage, down from 100 times, a day after derivatives exchange FTX announced a similar change. Is this part of a broader effort by Binance to help avoid the worst of a future regulatory storm?

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Bitcoin Rallies on Amazon’s Rumored Digital Currency Adoption

Bitcoin rebounded above $39K Sunday. Some suggest the spike could be attributed to an unconfirmed report Amazon is looking to accept bitcoin payments by year’s end and is considering minting its own token by 2022. “The Hash” hosts discuss the legitimacy of the report and its potential impact on the crypto markets.

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Binance to Cut Leverage Limit to 20x, a Day After FTX Announces the Same

Binance, the world’s largest crypto exchange by trading volume, is reducing the maximum leverage users can use to trade futures contracts. CEO Changpeng Zhao tweeted Monday the new limit is 20 times leverage, down from 100 times, a day after derivatives exchange FTX announced a similar change.

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Bit Mining Pivots Overseas, Ethereum Creator Joins ‘Stoned Cats’ Cast

China’s Bit Mining pivots to focus on overseas mining business. Korean crypto exchange Upbit accused of involvement in illegal transactions. Ethereum’s creator joins the cast of animated crypto series ‘Stoner Cats.’ We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

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Did a Short Squeeze Drive BTC Prices Higher?

Bitcoin broke back above $39K Sunday in the largest single daily gain in six weeks. BNY Mellon's Ben Slavin shares his analysis on the potential factors driving the BTC spike. Plus, insights into rising institutional demand for crypto services as BNY Mellon begins to custody crypto and outlook for bitcoin ETFs in the U.S.

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What to Expect From Tuesday’s Crypto Hearings in DC

CoinDesk’s Nikhilesh De discusses what to expect from two crypto-focused hearings commencing Tuesday: the first by the U.S. Senate Banking Committee discussing the topic of “Cryptocurrencies: What are they good for?” and the second by the House Financial Service Committee on CBDCs.

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