News
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Crypto fundraising led by Venture Capital hits $2.4 billion in first quarter of 2024 with over 500 deals
- May 20, 2024
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No CommentsThe cryptocurrency market has experienced a remarkable surge in fundraising, reaching an impressive $2.4 billion in the first quarter of 2024. This significant increase is driven by a shift in market sentiment and fresh capital inflows. According to a recent analysis by PitchBook, a leading data provider for private and public market investors, investment activity
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Bitcoin’s price surges with around $17 billion in trading volume amid speculations of Chinese whales’ influence
- May 19, 2024
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Bitcoin (BTC) is currently trading at $67,330.50, reflecting a modest increase of 0.15% over the last 24 hours, with a substantial trading volume of $16.3 billion. Maintaining its top position on CoinMarketCap with a market cap of $1.33 trillion, Bitcoin’s recent dynamics are fueling speculation. One of the key questions is whether Chinese whales are
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Telegram billionaire founder Pavel Durov plans long-term hold of $7 million in Notcoin (NOT)
- May 19, 2024
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Pavel Durov, the billionaire founder of Telegram, has received a significant donation from over half a million players of the viral Telegram-based clicker game, Notcoin. These players contributed a portion of their in-game coins to Durov as a gesture of appreciation for the messaging app that facilitates the game. The donated tokens have surged in
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Bitcoin price speculation rises as it approaches the $69,000 all-time high
- May 19, 2024
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As Bitcoin surges above the $67,000 mark, trading at $67,243.75 with a recent upswing of 1.41%, anticipation builds around its next milestone. With a trading volume of $24.62 billion and a dominant market cap of $1.32 trillion, market sentiment remains cautiously optimistic. This has spurred intense discussions on whether Bitcoin could surpass its ATH and
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SWIFT China’s President Wen Yang discusses the interoperability challenges of CBDC
- May 18, 2024
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Wen Yang, President of SWIFT China, recently discussed the challenges and solutions for achieving cross-border interoperability of central bank digital currencies (CBDCs). In an interview with the 21st Century Business Herald, Yang highlighted the fragmentation in CBDC systems due to diverse technological paths and standards among different economies. He emphasized SWIFT’s efforts to bridge these
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Speculations on Bitcoin rally as it breaks through $65,000 resistance
- May 18, 2024
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Bitcoin (BTC) has maintained its momentum above $66,000, reaching an intra-day high of $66,500. The current Bitcoin price prediction points to strong bullish momentum, largely driven by increasing institutional interest. BlackRock’s iShares Bitcoin Trust (IBIT) has been a significant catalyst, attracting substantial investments. Additionally, CME Group’s planned entry into Bitcoin spot trading is expected to
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Bitcoin’s price surges following release of US CPI data
- May 17, 2024
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Bitcoin remains the undisputed leader in the ever-changing cryptocurrency market, and the latest analysis from QCP Capital offers insight on the potential for Bitcoin to surge past its previous highs, once again reaching the renowned $74,000 mark. QCP Capital, renowned for its astute market observations and strategic insights, has discerned a notable trend: a substantial
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MetalCore partners with Portal to spearhead a $2.4 billion gaming revolution
- May 17, 2024
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MetalCore, a formidable force in the MMO combat genre, has entered into a strategic partnership with Portal, a revolutionary universal gaming ecosystem. Led by a team of seasoned developers with pedigrees from industry titans like Activision, Disney, Lucasfilm, and Midway, MetalCore has consistently pushed the boundaries of innovation in the gaming sphere. Portal, heralded as
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KuCoin temporarily halts NGN peer-to-peer trading amid regulatory scrutiny in Nigeria’s crypto landscape
- May 16, 2024
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In response to escalating regulatory pressures from Nigerian authorities, KuCoin has made the strategic decision to temporarily halt all peer-to-peer (P2P) trading activities involving the Nigerian naira. This development underscores the evolving regulatory environment within Nigeria’s cryptocurrency sphere and reflects the broader challenges faced by digital asset exchanges operating in the country. The decision to
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Bitcoin hits $66K with 7% surge amid economic indicators
- May 15, 2024
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The recent surge in Bitcoin’s price amid the release of US Consumer Price Index (CPI) data, showcasing a moderation in April’s price pressures, signals a pivotal moment for the cryptocurrency market. This surge, coinciding with a robust 0.9% increase in the S&P 500, underscores a broader market sentiment of optimism. Notably, this surge in Bitcoin’s