In the first half of 2022, market participants spent ETH 963,227, worth about USD 2.7bn, on non-fungible token (NFT) minting on the Ethereum blockchain, with 50.7% of the raised crypto staying with NFT projects, and the remainder circulated to non-entity wallets, according to a report by blockchain data and analytics platform Nansen. At the same…
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James Howells, a computer engineer who claims he mistakenly threw away a hard drive that contained some 7,500-8,000 bitcoin (BTC) during house cleaning in 2013, has pledged to use 10% of this lost stash if/when recovered and turn Newport, UK, into a cryptocurrency hub. The latest BBC report claims the lost amount of BTC to…
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DOT could witness an increase in demand after Polkadot’s launch of an intercommunication blockchain tool. Polkadot (DOT) looks ready to extend its ongoing price recovery due to a classic bullish pattern forming on its daily chart. DOT paints “cup and handle” pattern Notably, DOT has been forming a “cup and handle” pattern since mid-June, confirmed…
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The status quo sees a challenge from U.S.-China tensions as key levels remain in play for bulls. Bitcoin (BTC) saw volatility after the Aug. 2 Wall Street open amid ongoing market reactions to tensions between the United States and China. BTC price U-turns as Pelosi lands in Taipei Data from Cointelegraph Markets Pro and TradingView showed…
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The Asian cryptocurrency exchange was impacted by the Celsius and Babel Finance defaults but is working with investors to resolve the situation. Crypto exchange Zipmex, which operates in Thailand, Indonesia, Singapore and Australia, released a statement this week denying reports that it has filed for bankruptcy and announcing its progress in resuming withdrawals from its…
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The Fantom market on Aave v3 adds just $30 each day to the DeFi protocol’s treasury; developers are also concerned that the integration creates security risks. On Tuesday, Marc Zeller, integration lead at decentralized finance (DeFi) borrowing and lending protocol Aave, proposed to freeze the platform’s v3 Fantom market. Created in 2018, Fantom is a…
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The hedge fund manager was part of a $50-million funding round for NFT company Recur, and backed a $21-million round for crypto analytics firm Messari through Point72. Steve Cohen, the founder of hedge fund Point72 Asset Management, has reportedly exited his investment in crypto trading firm Radkl. According to a Tuesday report from Bloomberg citing…
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Ethereum was once again trading in the red, as prices of the token fell below $1,600 during today’s session. Tuesday’s drop is the fifth consecutive day that prices of the cryptocurrency have moved lower. Bitcoin also extended its streak of declines, falling under $23,000 in the process. Bitcoin Bitcoin (BTC) was lower for a fifth…
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While the global economy remains gloomy and the war in Ukraine continues, there’s been significant tension between China and Taiwan. The American representative from California, Nancy Pelosi, plans to visit Taiwan this week and White House officials say China is preparing to carry out “military provocations.” Moreover, during the last few weeks, reports note that…
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