News
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Avalanche (AVAX) maintains 20% December gain amidst recent market downturn
- January 10, 2024
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No CommentsAvalanche (AVAX) witnessed a stunning jump in the fourth quarter of 2023, with significant gains owing to institutional interest and an increased focus on tokenization actions and broader partnerships. AVAX fell 18% this year, matching the broader market’s correction, which hit top assets like Bitcoin (BTC) and Ethereum (ETH) due to massive liquidations. However, December
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Bitcoin price forecast as approaching ETF approval deadlines increases anticipation of surge up to $50,000
- January 9, 2024
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Bitcoin, currently trading at $44,013 with a marginal 0.63% increase on Sunday, finds itself at a pivotal juncture as multiple Bitcoin Exchange-Traded Fund (ETF) approval deadlines approach. The cryptocurrency market is abuzz with speculation, especially with industry giants BlackRock and Grayscale preparing to enter the Bitcoin ETF space, potentially causing a significant surge in Bitcoin’s
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Stakeholders assess Nigeria’s CBDC uncertainties amid cNGN Stablecoin evaluation
- January 9, 2024
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The Finna Protocol, a multi-utility stablecoin ecosystem in Nigeria, has garnered attention for its upcoming cNGN stablecoin, with key players in the cNGN consortium expressing optimism about its widespread support upon launch. As the Central Bank of Nigeria (CBN) granted approval for the cNGN stablecoin, the Nigerian cryptocurrency industry is now assessing its potential adoption
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Bitcoin nears $50,000 as anticipation builds around Bitcoin ETF approval
- January 8, 2024
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Bitcoin is commanding attention with its current trading value of $43,940, showcasing a nearly 0.50% increase on Saturday. The crypto community is on the edge of its seat as impending deadlines for US spot bitcoin ETF approvals approach. This critical juncture holds the promise of a transformative chapter for Bitcoin, with potential approvals poised to
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Banking app Dave strikes $100 million deal with FTX Ventures amid bankruptcy
- January 8, 2024
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In a strategic move amidst the bankruptcy proceedings of FTX, FTX Ventures, the venture capital arm of the distressed crypto exchange, is set to make a significant deal with Dave, a fintech firm renowned for its financial services mobile application. The agreement entails Dave acquiring a $100 million convertible promissory note originally issued by FTX
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Marathon Digital’s record mining achievements drive Bitcoin amid ETF speculation
- January 7, 2024
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Bitcoin is at a critical crossroads in the ever-changing world of cryptocurrencies, now trading at $43,631, indicating a notable 0.96% surge on Friday. This upward momentum is, in part, attributed to Marathon Digital’s groundbreaking performance in December, where they successfully mined an impressive 1,853 bitcoins. Against the backdrop of regulatory shifts, such as India’s increased
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Logan Paul offers refund for CryptoZoo NFT game
- January 7, 2024
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Renowned YouTuber Logan Paul has finally addressed the promised refunds for the unreleased CryptoZoo NFT game, initially announced in 2021. Paul is extending an offer to refund investors for the never-materialized CryptoZoo game, with a specific condition: eligibility is solely at his discretion, and former owners must relinquish any right to pursue legal action. CryptoZoo,
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Crypto market faces turbulence as Bitcoin’s flash crash hits gaming tokens
- January 6, 2024
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Bitcoin’s recent flash crash, witnessed on Wednesday, has reverberated throughout the cryptocurrency landscape, leaving an indelible mark on gaming-related tokens. The unprecedented 7% decline in Bitcoin (BTC), the dominant cryptocurrency by market capitalization, set off a cascading effect, causing gaming tokens to plummet in value by anywhere from 5% to 15%. According to CoinGecko data,
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Binance Labs invests in MEME, Memeland’s native ecosystem token
- January 6, 2024
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Binance Labs, the investment arm and incubator of the renowned cryptocurrency exchange Binance, has recently invested in Memecoin (MEME), the native ecosystem token of Memeland. This strategic investment, announced on January 4, underscores Binance Labs’ commitment to supporting projects within the burgeoning social economy. While the exact size of the investment remains undisclosed, the move
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Leveraged long positions over $460 million liquidated within last hour as Bitcoin price declined by 8%
- January 5, 2024
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The cryptocurrency market witnessed an unprecedented surge in volatility over the past hour, resulting in the liquidation of long positions exceeding a staggering $460 million. This tumultuous turn of events unfolded as Bitcoin, the flagship cryptocurrency, experienced a sharp 8% decline. The root cause of this sudden market upheaval can be traced back to swirling