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Bitcoin slumps on low trading volume. BNB risks testing 2022 lows. Akash Network surges after a hackathon. Conflux tumbles on China concerns. BTC  The price of Bitcoin was hit by selling last week with the world’s largest cryptocurrency losing 12% of its value. Investors liquidated US$1 billion in cryptocurrencies during the bearish selling, bringing the total market capitalization to the edge of the psychologically important US$1 trillion mark. XRP led the losing coins after a U.S. judge granted the U.S. Securities and Exchange Commission (SEC) approval to file a motion to appeal the recent ruling for Ripple Labs regarding retail…

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Nonfungible token (NFT) memes have brought mainstream attention to the world of NFTs and digital art, helping to expand the market and increase its legitimacy. The high prices paid for some NFT memes have demonstrated the value of online culture and the emotional connection that people can have to internet memes. NFT memes have also created a new way for creators and artists to monetize their work, potentially leading to new opportunities and revenue streams in the digital economy. What are NFT memes? NFT memes refer to internet memes that have been turned into nonfungible tokens, which are unique digital…

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The price of Ethereum seems to be back under the influence of the current market sentiment despite enjoying a relatively positive week. On Wednesday, September 6, Ark Invest filed for the first Ethereum spot exchange-traded fund (ETF) in the United States. This ETF application had a tame impact on the price of Ether, with the cryptocurrency only climbing to $1,650 the following day. Moreover, the token has almost fully reversed the minor gains from the significant development. Ethereum Price Registers 0.1% Rise Last Week – Here’s Why Ethereum currently changes hands at about $1,628, according to data from CoinGecko. A…

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The U.S. Federal Bureau of Investigation (FBI) warned that criminals were posing as Non-Fungible Token (NFT) developers in financial fraud schemes despite the declining number of NFT crimes and token thefts. The FBI stated that these malicious actors execute their schemes through a dual-pronged approach: either by infiltrating the social media profiles of authentic developers or by crafting nearly identical accounts. The bad actors endorse fraudulent NFT releases from these social media accounts while concealing their ulterior motives with an aggressive media campaign to create a sense of urgency with phrases like “limited supply, surprise, exclusive mints,” etc. Once an…

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This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.

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Binance is addressing various fiat transfer restrictions that have affected its customers around the world. Binance, the largest crypto exchange in the operation, addressed issues around payment methods in major service regions toward the end of August. Binance.US, the independent American arm of Binance, is reportedly planning to work with Moonpay to allow users to spend U.S. dollars. Moonpay CEO Ivan Soto-Wright told Bloomberg on Aug. 7 that his company would work with Binance.US to that end. This agreement would allow users with debit or credit cards, Apple Pay, or Google Pay to purchase stablecoins for trading. The relationship would…

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Crypto exchange Gemini had no funds at Signature Bank, and its Gemini US Dollar (GUSD) stablecoin was not backed by any deposits at the failed bank, according to a March 13 official tweet from the company. 1/ It’s very sad to hear the news about Signature Bank. They have been incredible partners to Gemini and our industry for the better part of a decade. We have zero customer funds and zero Gemini dollar (GUSD) funds held at Signature Bank. — Gemini (@Gemini) March 13, 2023 The exchange further clarified that it had partnered with Signature in the past, stating, “They…

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As the general crypto market experiences a slight gain in total market cap, Stellar (XLM) stands out with a substantial amount of price increase over the last week. According to data from CoinMarketCap, the XRP competitor is up by 17.61%, outperforming every other top 100 cryptocurrency in the past seven days.  XLM To Reach $1? With XLM currently hovering around the $0.13 price zone, there are speculations on the next movement. Interestingly, a crypto analyst with the name EGRAG CRYPTO on X (formerly Twitter) predicts that XLM could rise to $1 if certain conditions are met.  According to the analyst’s…

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Polygon-based (MATIC) NFT collection y00ts said it would migrate to Ethereum (ETH) and return the $3 million grant it previously received from the layer2 network, according to an Aug. 10 tweet. y00ts did not provide additional information on when the migration would occur. It said:  “The migration date will be announced shortly.” Meanwhile, the NFT collection explained that it was migrating to the layer1 blockchain network because it was “time to unite the DeGods & y00ts communities.” The founder of the projects, Rohun Vora, aka Frank DeGods, further stated that the move was necessary to unite the communities on one…

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