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Some see coins as blue chip investments, others as a means to fund mining operations
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The raise comes as US regulators seek to clamp down on the use of crypto to evade taxes
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Decision to leave interest rates in place until March causes falling crypto prices to level off
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BitFuFu founded by Bitmain and seeks to become the fastest mining operation on the globe
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Rising interest rates and inflation fears are often good news for crypto, but haven’t been recently
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Analysts still say the asset should be seen as a gimmick and a novelty, not a driver of sales
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Federal Reserve chair Jerome Powell said on Tuesday that stablecoins can exist within the central bank’s framework
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Planned Federal Reserve anti-inflation actions have helped crater crypto values, analysts say