CoinShares, a European cryptocurrency investment firm, released its latest report on May 2, stating that the digital asset market has been experiencing bearish sentiment for the second consecutive week. This has resulted in outflows totaling $72 million, with crypto market funds experiencing outflows across all geographies and providers. The report mentioned that the bearish sentiment
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Symmetry has launched its user interface on the Solana blockchain, which represents a groundbreaking step towards decentralized finance (DeFi). The platform aims to transform the way users manage their portfolios through crypto indices and actively managed funds, providing a comprehensive solution for creating, managing, buying, and selling funds. Symmetry’s Infrastructure Layer Symmetry’s infrastructure layer is
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The U.S. Federal Reserve has raised its benchmark interest rate again, citing modest economic expansion in the first quarter of the year. While unemployment has remained low, inflation continues to be a concern for the central bank. In its press release, the Federal Open Market Committee (FOMC) emphasized the soundness and resilience of the U.S.
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Recently, the Bitcoin community has been buzzing with excitement around the introduction of the BRC20 token standard. This new standard, introduced by a pseudonymous developer named Domo in March, leverages the Ordinals protocol, allowing creators to easily mint fungible crypto assets onchain. To create a BRC20 coin, individuals simply need to encode a JSON data
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Druk Holding & Investments, the investment arm of the Royal Government of Bhutan, has joined forces with Bitdeer Technologies Group, a Nasdaq-listed company, to launch a $500 million fund that will support bitcoin mining activities in Bhutan. The country has been secretly producing BTC since 2017 using its vast amount of hydropower, and the government
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The Federal Executive Council of Nigeria has approved the National Policy on Blockchain, which was drafted by the Federal Ministry of Communications & Digital Economy. This approval marks a significant milestone for the implementation of blockchain technology in Nigeria. Relevant agencies will work together to establish appropriate regulatory frameworks, and a steering committee led by
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JPMorgan Chase has acquired the deposits and a “substantial majority of assets” of troubled bank First Republic in an auction, making it the third regional bank in the US to fail since March. This highlights the vulnerabilities in the legacy banking system. Bitcoin experiences fourth consecutive month of growth Bitcoin has experienced four consecutive months
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John Deaton, the founder of CryptoLaw and Ripple lawyer, has accused the US Securities and Exchange Commission (SEC) of capitalizing on the legal uncertainties surrounding cryptocurrencies as a means of redefining what should be considered a security under the Howey test. Deaton claims that the regulator’s litigations against crypto companies are pushing the boundaries of
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The Nigeria Securities and Exchange Commission (SEC) has announced that it will allow tokenizing assets, including equities, property, and debt. The country’s financial regulator is currently processing applications for digital exchanges and firms that will act as sub-brokers, trading tokenized coins backed by assets, fund managers, tokenized coins issuers, and crowd-funding intermediaries. A probationary period
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The SportVerse is an exciting and innovative online play-to-earn game platform that has been developed for players who enjoy sports-related activities. Unlike other online games, The SportVerse offers a unique experience that is more than just competing against other players. It comprises of training, diverse events, social interaction, and supplementary goods and services. The Concept
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As the cryptocurrency market becomes more complex, trading cryptocurrency has become a challenging task for traders, quants, and analysts. yPredict is an AI-driven platform that aims to reshape and simplify how individuals perform technical analysis and predict crypto prices. Features and Methodology yPredict is a collaborative effort among AI and machine learning experts, financial quants,
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Coinbase investor Adam Grabski has filed a lawsuit in the Delaware Chancery Court accusing certain Coinbase executives and board members of using inside information to avoid losses from the sale of Coinbase stock. According to the lawsuit, Coinbase Chairman and CEO Brian Armstrong, board member Marc Andreessen, and other executives used insider information to sell
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ArbInu, the most popular memecoin on Arbitrum, has seen a massive drop in price in recent days, losing around 90% of its value since setting record highs in March. Meanwhile, Love Hate Inu (LHINU), a utility-infused memecoin, has been generating a lot of excitement in the crypto space. LHINU is a dog-meme-inspired social media polling
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Sotheby’s, the luxury auction house, is changing the game for digital art by launching its on-chain secondary marketplace through its Sotheby’s Metaverse platform. The platform will allow collectors to buy and sell secondary NFTs, with a curated selection of works by leading artists carefully chosen by its team of specialists. The secondary sales on Sotheby’s
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