Crypto

Despite a brief uptrend pushing XRP above $0.50, the cryptocurrency has experienced a mild decline in the past 12 hours. However, this movement managed to eliminate its weekly losses, positioning XRP as the only top cryptocurrency in the green within the same time frame. There has been a surge in open interest (OI) surrounding XRP,
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Bitcoin experienced a rollercoaster of a day on Monday, with intense volatility shaking up the entire cryptocurrency market. The digital asset plunged to a new monthly low of $64,000, leaving investors and traders in a state of panic. The altcoins followed suit, with massive declines across the board, resulting in approximately 190,000 traders facing significant
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Liquid staking and destablecoins have emerged as significant trends in the cryptocurrency space over the past year. These concepts involve utilizing decentralized assets that have been staked through a liquid-staking protocol as collateral. Unlike traditional stablecoins that aim for price parity with fiat currencies, destablecoins do not strive for absolute stability. Instead, they leverage the
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During the annual Consensus conference in Austin, Bitwise, a leading U.S. spot Bitcoin ETF issuer, painted a picture of a future where the convergence of the cryptocurrency industry and artificial intelligence (AI) could potentially inject a staggering $20 trillion into the global GDP by 2030. This bold forecast ignited discussions among industry leaders regarding the
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The recent developments in the ongoing saga between Nigeria and Binance have seen the country dropping tax charges against the exchange’s executives. This decision came after the Federal Inland Revenue Service (FIRS) of Nigeria withdrew the tax evasion charges against Tigran Gambaryan, Binance’s head of financial crime compliance, and Nadeem Anjarwalla, the exchange’s director for
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Bitcoin (BTC) has experienced a 4.5% decrease in value over the past week, reaching a monthly low of $65,000. This drop in value can be attributed to a surge in selling activity from mining entities. According to a recent report by CryptoQuant analysts, Bitcoin mining entities have been transferring a higher volume of BTC to
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