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Bitcoin, the world’s largest cryptocurrency, has faced both progress and setbacks over the past year. These fluctuations have also been reflected in digital asset investment products. However, recent data from Coinshares indicates that despite overall outflows from digital investment products, Bitcoin has managed to show resilience by recording a weekly inflow of $3.8 million. Despite
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Global payments processor, Visa, has recently announced its support for USD Coin (USDC) payments settled on the Solana blockchain. This marks a significant expansion of Visa’s stablecoin offering and demonstrates the company’s growing interest in cryptocurrencies and blockchain technology. With live and completed pilots already underway, Visa is leveraging the benefits of USDC and blockchain
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Regulated stock exchanges around the world are facing increasing pressure to offer cryptocurrency products due to growing demand from both retail and institutional investors. According to a report published by the World Federation of Exchanges (WFE), there is a significant interest in crypto-related assets like Bitcoin. However, despite the demand, regulated exchanges remain reluctant to
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Nigeria, a country located in West Africa, has emerged as a leading player in the world of cryptocurrency. According to a recent study conducted by blockchain and Web3 software company Consensys, an impressive 99% of Nigerians are familiar with cryptocurrencies. This outstanding level of awareness surpasses that of any other country on the globe. The
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Manhattan’s vibrant Seaport district has become the backdrop for an exciting new digital initiative. The Howard Hughes Corp and MoonPay have partnered up to offer visitors a unique scavenger hunt experience that seamlessly combines physical exploration with digital rewards. This collaboration aims to bring a gamified Web3 experience to the historic waterfront neighborhood, creating an
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The government of the United Kingdom has recently released a statement outlining its objectives for the upcoming AI Safety Summit, scheduled to take place on November 1-2 at Bletchley Park. The Department for Science, Innovation & Technology is aiming to bring together various stakeholders, including key countries, technology organizations, academia, and civil society, to discuss
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Crypto gambling site Stake.com recently experienced an alarming situation involving $16 million in suspicious withdrawals on September 4th. The security platform, Cyvers Alerts, labeled these transactions as “suspicious” and identified the withdrawing account as the “Stake.com Hacker.” Etherscan, a blockchain explorer, further suggests that a stolen private key may have caused the drained funds. Blockchain
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Cryptocurrencies have taken the financial world by storm, with their popularity continuing to soar. As the demand for more effective analysis tools grows, yPredict, a cutting-edge trading analytics platform, has emerged as a frontrunner in the field. Currently conducting a crypto presale to develop its real-time AI trading analysis suite, yPredict aims to provide traders
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Shiba Inu’s newly launched layer-2 blockchain, the Shibarium network, has achieved a significant milestone in its short existence. Within weeks of its relaunch, the total number of wallets on the network has exceeded 1 million, indicating rapid adoption and interest among users. This article will explore the growth of the Shibarium network, its current challenges,
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The recent court ruling against the Securities and Exchange Commission (SEC) in the case of Grayscale Investments has led JP Morgan analysts to believe that the SEC might be compelled to approve the spot Bitcoin exchange-traded fund (ETF) applications submitted by multiple firms. This potential development could have significant implications for the crypto industry. In
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Ripple, after a period of steady price movements, has finally shifted towards a bearish trajectory. This decline has caused a breach below a critical support zone that is defined by the 200-day moving average. Analyzing the daily chart, it is evident that the drop in XRP price is a result of elevated selling pressure and
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The once vibrant crypto market has recently lost its glitter, with bitcoin futures trading volume dwindling and the flagship cryptocurrency struggling to stay afloat. Data from Glassnode reveals that bitcoin futures open interest, which indicates the excitement surrounding upcoming contracts, has plummeted to a 5-month low of $11.3 billion. This downward trend suggests that traders
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In a surprising development, on-chain data has revealed that a cold wallet owned by the collapsed cryptocurrency exchange FTX has moved close to $10 million worth of altcoins from Solana to Ethereum since August 31st. The exact reasons behind these transfers remain undisclosed, leaving the crypto community puzzled. Notably, the altcoins transferred include popular tokens
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Bitcoin has always been subject to speculation and analysis, with experts constantly trying to predict its future performance. Renowned cryptocurrency analyst Benjamin Cowen recently shared his data-driven insights on Bitcoin’s historical performance in September and its potential trajectory for the current year. While Cowen acknowledges that September has traditionally been a challenging month for BTC,
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Cryptocurrency has rapidly evolved, and with it, the need for legal clarity has become crucial. The recent legal battles between major crypto exchanges and regulatory authorities highlight the significance of obtaining comprehensive legal opinions for token projects. In this article, we will explore the importance of legal opinions in crypto tokens and how they have
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Bitcoin recently experienced an unexpected decline from the $29K mark, resulting in a significant breakdown of the pivotal 100-day and 200-day moving averages. This bearish trend has left many wondering how low BTC can go in the current market conditions. It is essential to analyze the price action and market dynamics to gain insights into
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As the financial market becomes increasingly unpredictable, traders and investors are in constant search for reliable analytical tools. In response to this demand, yPredict, a groundbreaking project that is currently in development, aims to offer a unique blend of traditional statistical models and modern artificial intelligence technologies. With an initial funding of $3.69 million for
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Former SEC chair, Jay Clayton, recently shared his thoughts on the potential approval of a Bitcoin Exchange-Traded Fund (ETF) during an interview with CNBC. He acknowledged that the SEC faces a difficult challenge in regulating cryptocurrencies, especially considering the evolution of the crypto market over the years. Clayton highlighted the SEC’s initial struggle with non-compliant
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Bitboy Crypto’s Ben Armstrong recently took to the BitBoy Crypto YouTube channel to release an emotional apology video after being kicked out of the company. In this heartfelt video, Armstrong publicly acknowledged his mistakes that ultimately led to his ouster. Alongside him was his supportive wife, Bethany, emphasizing her forgiveness and commitment to their relationship.
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DeFi continues to make significant strides, and this week, Ethereum staking services have reached an agreement on implementing a 22% limit on all validators. This decision aims to ensure fair markets and maintain the decentralization of the Ethereum network. Several providers, including Rocket Pool, StakeWise, Stader Labs, and Diva Staking, have committed or are in
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