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Blockchain
Ethereum Outflows from Exchanges Continue Increasing Amid a Roaming Supply Squeeze
A holding tendency continues to be illustrated in the Ethereum network based on ETH outflows from crypto exchanges.Journalist Colin Wu explained:
“According to glassnode, all exchanges continue to have negative net positions in…
Ethereum is Expected to Undergo a 90% Daily Emission Reduction Following ETH 2.0 Upgrade
Ethereum (ETH) was up by 9.72% in the past week to breach the psychological price of $2K during intraday trading. ETH’s price stood at $2,056 as the second-largest cryptocurrency continues to gain momentum.Market analyst Lark Davis…
The Central Bank of Nigeria to Conduct its Central Bank Digital Currency Pilot on October 1
The Central Bank of Nigeria (CBN) officially announced that it will officially pilot its central bank digital currency (CBDC) on the Hyperledger Fabric blockchain on October 1.Rakiya Mohammed, Director of Information Technology at the…
Bitcoin is Moving to Strong Hands as Small Holders are Proving to be a Rising Force
Bitcoin has found itself in a swing position for more than two months now based on its stagnation in the $30-$40K range. This situation has been caused by low volatility and intensified crackdown on crypto mining by Chinese authorities. …
Crypto ATM Operator Bitcoin Depot to Place Thousands of ATMs in Circle K
Bitcoin Depot, a Bitcoin operator, based in Atlanta, Georgia, announced its cryptocurrency ATM business expansion to Circle K convenience stores in more than 30 states in Canada and the United States.Reportedly, more than 700…
Bitcoin Needs to Create a Higher-Low at $31K for an Upward Trend, says Market Analyst
The news about Bitcoin (BTC) ranging between the $30K and $40K levels has continued for weeks. The top cryptocurrency found itself in this territory after plummeting from an all-time high (ATH) of $64.8K recorded in mid-April.Bitcoin…
Russia’s Central Bank Orders Local Stock Exchanges to Avoid Listing Crypto-Related Funds
The Bank of Russia published a notice and explanatory letter on Thursday, July 22, instructing stock exchanges in the country not to list investment products related to crypto prices.According to the recommendation letter, the central…
JPMorgan Chase Expands Crypto Trading Services to All Clients
JPMorgan Chase Bank has announced that it now allows all of its wealth management clients to access crypto funds.In an internal memo written last week on July 19, the bank informed its advisers to buy and sell orders from its wealth…
Investor Continue Losing Interest on Crypto products in July, Report says
Depressed sentiment continues to override amid investors and the crypto market. A monthly report shows that data of assets under management (AUM) declined 14% compared to the previous month, according to the CryptoCompare report. …
SmartFi To Issue First Mineable Stablecoin & Payment System without Transaction Fees
U.S. based cryptocurrency platform Smartfi announced Wednesday to develop two coins, including the first minable stablecoin worldwide- SmartFi USD (SFUSD), which will not require a burn-mint protocol or USD-fiat-peg to maintain an exact…
