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Pavel Durov has made his debut in Bloomberg's billionaire ranking. He is ranked 279th with a net worth of $9.15bn.
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U.S. prosecutors have indicted Aleksei Andriunin, founder of Gotbit, and two directors, Fedor Kedrov and Qawi Jalili, for alleged market manipulation and fraud. Gotbit reportedly boosted cryptocurrency trading volumes from 2018 to 2024 to secure listings on major exchanges. If convicted, they could face up to 20 years in prison for wire fraud.
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A recent report by Electric Capital shows Asia has overtaken North America in crypto developer distribution, marking a significant shift in global talent. ⚫️Asia's share of crypto developers rose from 13% in 2015 to 32% in 2024 ⚫️North America’s share dropped from 44% to 24% ⚫️U.S. remains the top country at 18.8%, with India and the UK following at 11.8% and 4.2% ⚫️64% of developers are located outside traditional U.S. tech hubs
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According to Coinshares’ Q3 report, Bitcoin mining costs surged to around $49,500 per BTC in 2024, with total production costs, including depreciation, averaging $96,100. Rising expenses are attributed to heightened mining difficulty, infrastructure expansion, and limited financing due to increased interest rates.
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Robinhood's Q3 crypto trading volumes grew to $14.4bn, a 112% year-over-year increase from $286.2bn. Despite this growth, volumes still fell from $21.5bn in Q2 and $36bn in Q1.
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