Over the past 37 days, since September 15, 2023, the number of daily bitcoin transactions has dropped considerably, with the trend of Ordinal inscriptions experiencing a significant slowdown. In the first two weeks of September, the average number of daily transactions confirmed on the Bitcoin blockchain decreased by more than 46%. 2023’s Bitcoin Transaction Paradox:…
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The Africa-focused crypto trading app Vibra has reportedly stopped working in Ghana, Kenya, and Nigeria. Reports that the app is not working in the three countries contradict the co-founder’s claim that only users from Nigeria are affected. Resign or Get Fired An Africa-focused crypto trading app, Vibra, has reportedly been stopped in Ghana, Kenya and…
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Global investment bank Morgan Stanley believes that “crypto winter may be in the past and that crypto spring is likely on the horizon.” An analyst at the bank explained that historically, most of bitcoin’s gains come directly after a halving event that occurs every four years. Morgan Stanley Foresees Crypto Spring Global investment bank Morgan…
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FTX’s former general counsel Can Sun testified Thursday in federal court that he was shocked to learn FTX founder Sam Bankman-Fried (SBF) had secretly transferred billions in customer funds to his hedge fund Alameda Research. Sun told prosecutors he resigned the day after realizing the scope of customer money siphoned, following spreadsheets showing $7 billion…
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In a significant move on Thursday, the U.S. Chamber of Digital Commerce, a leading crypto policymaking advocacy group, filed an amicus brief urging the U.S. Securities and Exchange Commission (SEC) to dismiss its lawsuit against cryptocurrency giant Binance. SEC’s Authority Questioned: Chamber of Digital Commerce Supports Binance Founded in July 2014 by Perianne Boring, the…
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Solana has undoubtedly been one of this week’s biggest gainers, with price rallying by as much as 33% in recent days. The move comes as the global crypto market cap remained mostly in the green to start the weekend. Chainlink was another big mover, hitting a three-week high. Solana (SOL) Solana (SOL) was on the…
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The Central Bank of Russia does not expect the introduction of the digital ruble to end the popularity of other non-cash and cash payment options. According to statements offered by Alla Bakina, director of the bank’s national payment system department, other non-cash payment options have reached over 80% of the total payment transactions in Russia.…
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Parsed data from the week spanning October 14-21, 2023, reveals an upward trend in non-fungible token (NFT) sales, with a 12.62% surge from the previous week. Both buyer and seller participation swelled, by 15% and 17% respectively, resulting in approximately $70.51 million in NFT transactions. NFT Sales Break Free From Two-Month Dip Following a persistent…
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Bitcoin traded around the $30,000 region to start the weekend, as markets remained optimistic that an ETF approval could be looming. This has been the topic of the week, with many speculating how high crypto markets could surge on such potential news. Ethereum slipped from Friday’s peak. Bitcoin Bitcoin was hovering marginally below the $30,000…
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Cryptocurrency exchange Binance is restoring fiat services for customers using the common European currency, the euro (EUR). The coin trading giant announced that users are already migrating to the new platforms it partnered with in the wake of losing the services of Paysafe. Crypto Exchange Binance Offers Users New EUR Options for Deposits and Withdrawals…
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