Category: Crypto
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Bitcoin Holds Steady as US GDP Growth Beats Expectations
Strong Consumer and Government Spending Drive Q4 Growth According to the BEA’s Thursday morning report, robust consumer and government spending were the primary drivers of the growth seen in the fourth quarter. CoinGecko data reveals that the world’s oldest and largest cryptocurrency, Bitcoin, had a trading volume of nearly $30 billion yesterday. This high trading […]
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ICP Hubs Spark Blockchain Innovations Globally, Shaping a Decentralized Future
Motoko Bootcamp: Empowering Latin America One of the key players in this movement is the ICP Hub in Latin America, which is spearheading the revival of its renowned Motoko bootcamp. This program stands out for its inclusive approach, providing free blockchain technology education to aspiring developers and enthusiasts in the region. By democratizing access to […]
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Experts Debunk Overhyped Expectations of Parallelism in Blockchain Technology
Understanding the Value of Parallelism Rachel Bousfield, a tech lead at Offchain Labs, believes that the value of parallelism is often exaggerated. In an interview with Blockworks, she emphasized that the returns and fee reductions people anticipate do not always materialize in practice. Ethereum, for instance, is designed to ensure that running a node is […]
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Battleground at $0.55: XRP’s Fate Hangs in the Balance Amidst Resistance
Market Factors Behind XRP’s Struggles XRP’s struggle can be attributed to several factors, including a lack of use cases and poor performance in 2023. Yet, history has shown that XRP can swiftly transition from bearish to bullish, often catching people by surprise. To continue its growth, XRP must maintain its position above the 200-day EMA. […]
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SEC Delays Grayscale and BlackRock’s Ethereum ETFs, Expanding Crypto Investment Landscape
Grayscale’s Ethereum Trust Product Faces Scrutiny Grayscale’s Ethereum Trust Product (ETP) is specifically designed to solely comprise the Ethereum cryptocurrency, with its value being a reflection of the assets managed by the firm. The SEC has initiated proceedings to determine whether the proposed rule change should be approved or disapproved. This step has been taken […]
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Lufthansa’s Bid for ITA Airways Minority Stake Threatens Competition, Warns EU
EU Antitrust Regulators Warn of Reduced Competition BRUSSELS – Lufthansa’s bid for a minority stake in ITA Airways has drawn warnings from EU antitrust regulators about potential reduced competition in flights to and from Italy. The German carrier is seeking to acquire a 41% stake in the state-owned Italian airline as part of a capital […]
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Promising Cryptocurrencies Targeting $10 Value in 2024 Amid Bearish Market
Filecoin (FIL) Filecoin offers a decentralized network as an alternative to traditional cloud storage platforms. This unique feature promises enhanced security, lower costs, and user control. With increasing awareness of data privacy concerns and the rising popularity of Web3 applications, FIL has the potential to reach the $10 mark. Although FIL experienced a successful run […]
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Bitcoin’s Bull Run: Historical Patterns Indicate Potential 4-Year Cycle, but Short-Term Headwinds Loom
Near-Term Challenges for Bitcoin Despite the long-term positive outlook, Martinez cautions that Bitcoin may face challenges in the near term. This is primarily due to the cost basis of individuals who have held the cryptocurrency for less than 155 days. In the event that Bitcoin’s price falls below $38,130, short-term BTC holders might find themselves […]
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Shiba Inu’s Price Drops 8% in a Week, Can It Bounce Back?
Early Investors of Shiba Inu Reaped Massive Profits When Shiba Inu was launched on Aug. 1, 2020, numerous investors dismissed it as a joking parody of Dogecoin, named after the popular “doge” meme featuring the Shiba Inu dog breed. Shiba Inu differed from Bitcoin as it couldn’t be directly mined. Its entire supply of 1 […]
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Pyth Network and Ondo Finance Revolutionize DeFi Asset Pricing
Bridging the Gap in Asset Pricing The decentralized finance sector, renowned for its innovation and dynamism, has long grappled with providing precise and timely asset pricing information. However, Pyth Network addresses this challenge by leveraging its expertise in delivering high-fidelity market data. Through advanced data aggregation and distribution mechanisms, Pyth ensures that users have access […]