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Crypto Price on February 13: Bitcoin hits $50K mark; Solana, Avalanche jump up to 8%

Following the rise in Bitcoin and other altcoins, the global cryptocurrency market cap surged 3.8% to around $1.87 trillion in the last 24 hours. Bitcoin breaks through the $50,000 mark for the first time since 2021. The surge may be attributed to the robust performance of the US stock market, substantial inflows into spot Bitcoin …

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Amid Paytm crisis, Indian non-bank lenders explore options for loan disbursal

If Paytm’s lending partners were to distance themselves from the company, that would be a further major blow to the app. Loan distribution fees contributed close to a fifth of Paytm’s revenues in the latest quarter, analysts have said. While non-bank lenders have not terminated their contracts with Paytm, sources said that they have no …

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Here’s how much money hackers, cybercriminals made from victims in 2023

Furthermore, ransomware-as-a-Service (RaaS) model seems to be thriving. This model allows less technical criminals to rent access to pre-built ransomware tools and infrastructure, further democratising cybercrime and contributing to the surge in attacks. Experts warn that the ransomware threat will continue in 2024. Governments and organizations are urged to prioritize cybersecurity measures, including data backups, …

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Crypto Price on February 12: Bitcoin holds above $48,000; Solana, Avalanche shed up to 4%

Meanwhile, other altcoins such as Solana, Avalanche, Cardano and Polygon fell 3-4%. XRP, Dogecoin, Chainlink, Polkadot, Internet Computer and Shiba Inu also declined up to 3%. A recent post by Glassnode highlighted that on-chain indicators assessing BTC’s value show that we may have entered the initial stages of a bull market, said Parth Chaturvedi, Investments …

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Bitcoin eyes longest winning run in a year as ETFs attracts inflows

Nine new spot Bitcoin funds began trading in the US on Jan. 11 and have attracted more than $9 billion of investor inflows so far. Two of the offerings, from BlackRock Inc. and Fidelity Investments, rank as the most successful ETFs launched based on assets garnered after a month on the market, Bloomberg Intelligence analysts …

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