Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,269,829,448,599.60
  • 24h Vol: $55,018,129,655.92
  • BTC Dominance: 55.53%

Bitcoin

fasttoken,-official-crypto-of-fastex,-to-launch-to-the-public-on-january-18

Fasttoken, Official Crypto of Fastex, to Launch to the Public on January 18

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Developed by technology giant SoftConstruct, Fasttoken (FTN) is the official cryptocurrency in the Fastex ecosystem and the native token of the Fastex Chain. Aside from passing two audits by independent third-party auditors, Fastex is a regulated virtual currency exchange and virtual currency wallet operator in Europe. Additionally, the company recently opened a first-of-its-kind physical NFT […]

Fasttoken, Official Crypto of Fastex, to Launch to the Public on January 18 Read More »

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Cornell Professor Warns of Disruption to US Bond Market From Potential Collapse of Major Stablecoin

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A professor from Cornell University has warned about the potential effects a collapse of a major stablecoin could have on the U.S. bond market. Eswar Prasad said that if large stablecoins face a collapse, the number of Treasury bonds they would need to sell could disrupt the U.S. Treasuries market, affecting prices. Cornell Profesor Alerts

Cornell Professor Warns of Disruption to US Bond Market From Potential Collapse of Major Stablecoin Read More »

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Korean Court Orders Crypto Exchange to Pay Customers Suffering From Service Outage

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South Korea’s supreme court has upheld the ruling for Bithumb, the country’s largest cryptocurrency exchange, to pay damages to more than a hundred customers who filed a lawsuit claiming they suffered financial losses resulting from the exchange’s service outage. Bithumb Ordered to Pay Customers Over Service Outage The South Korean supreme court has issued a

Korean Court Orders Crypto Exchange to Pay Customers Suffering From Service Outage Read More »

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Report: Egyptian Pound Reaches New Low Against US Dollar Despite Flexible Exchange Rate Regime

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The exchange rate of the Egyptian pound versus the U.S. dollar fell to a new low on Jan. 11 after it tapped 32.14 per greenback. The currency’s latest significant depreciation came just a few months after it adopted a flexible exchange rate regime. According to the International Monetary Fund, the monetary authorities in Egypt have

Report: Egyptian Pound Reaches New Low Against US Dollar Despite Flexible Exchange Rate Regime Read More »

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Indian Central Bank Chief Insists Crypto Should Be Banned — Warns ‘It Will Undermine Authority of RBI’

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India’s central bank has reiterated its stance on banning cryptocurrencies like bitcoin and ether. The governor of the Reserve Bank of India (RBI) likened cryptocurrency trading to gambling. He warned that crypto “will undermine the authority of the RBI and lead to the dollarization of the economy.” RBI’s Governor Wants Crypto Banned The governor of

Indian Central Bank Chief Insists Crypto Should Be Banned — Warns ‘It Will Undermine Authority of RBI’ Read More »

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Bitcoin Network’s Mining Difficulty Rises to All-Time High, Making Block Discovery More Challenging

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Bitcoin’s mining difficulty printed a record increase on Jan. 15, 2023, rising 10.26% to 37.73 trillion at block height 772,128. The network’s difficulty is now at an all-time high. This means, on average, it takes 37.73 trillion hashes, or attempts, to find a valid bitcoin block reward and add it to the blockchain. 2023’s First

Bitcoin Network’s Mining Difficulty Rises to All-Time High, Making Block Discovery More Challenging Read More »

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Jeff Booth Warns of Debt Deflation If Federal Reserve Keeps Hiking Interest Rates

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The author of “The Price of Tomorrow,” Jeff Booth, has warned about debt deflation, calling it a “great depression on steroids,” if the Federal Reserve continues to hike interest rates. He believes that eventually the Fed “will be forced to pivot.” Jeff Booth Warns About Danger of Continued Fed Rate Hikes The author of “The

Jeff Booth Warns of Debt Deflation If Federal Reserve Keeps Hiking Interest Rates Read More »

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Combined Transactions on Arbitrum and Optimism L2 Chains Outpace Ethereum’s Daily Transfer Count 

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Since The Merge, Ethereum’s onchain fees have been considerably lower. However, combined transaction volume on layer two (L2) chains Arbitrum and Optimism has outpaced Ethereum’s onchain transaction output. On Saturday, Jan. 14, 2023, Ethereum processed 1.10 million onchain transactions, while combined transactions on Arbitrum and Optimism reached 1.32 million for the same day. Rise of

Combined Transactions on Arbitrum and Optimism L2 Chains Outpace Ethereum’s Daily Transfer Count  Read More »

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Poland’s Consumer Protection Agency Opens Case Against Cryptocurrency Exchange

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The body ensuring that consumer rights are respected in Poland has initiated proceedings against a crypto exchange falsely claiming to be Polish. The trading platform also misled customers that it was operating with the regulatory approval of the financial authorities in the country. Belize-based Exchange Risks Hefty Fine in Poland for Allegedly Deceiving Crypto Traders

Poland’s Consumer Protection Agency Opens Case Against Cryptocurrency Exchange Read More »

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Ukraine’s Tascombank Pilots Stellar-based E-hryvnia

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Tascombank, one of the oldest banking institutions in Ukraine, has completed the pilot testing of a digital currency based on the Stellar network. The bank believes that its electronic money platform represents an economically viable implementation of blockchain technology. Tascombank Conducts Tests With New Ukrainian Digital Currency An “electronic hryvnia” has been tested by Ukraine’s

Ukraine’s Tascombank Pilots Stellar-based E-hryvnia Read More »