Since the beginning of 2022, the number of decentralized apps (DApps) on the Ethereum scaling platform Polygon has surged 400%, hitting 37k. According to a blog post from partnered Web3 development platform Alchemy published by the Polygon team, the 37,000 figure signifies the total apps produced on both the testnet and mainnet. At the end …
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Ethereum has recorded a large upwards movement in the last month following the announcement made about the Merge. A more definite launch time in September has seen the market rally around the altcoin, causing it to surge drastically. With each day, the Merge draws closer, and Ethereum tests another technical level. This time around, the …
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Ethereum is coming into heavy resistance north of $1,900 as the cryptocurrency attempts to push further into previously lost territory. Today, ETH core developers announced a tentative date for the upcoming “Merge” event set for September 15 to 16, 2022, which could bolster bulls’ attempts to climb higher. At the time of writing, Ethereum’s (ETH) …
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On-chain data shows the Bitcoin aSOPR indicator has found resistance at the historical junction between bull and bear markets. Bitcoin aSOPR Fails Retest Of The “Value=1” Line As pointed out by an analyst in a CryptoQuant post, the BTC aSOPR has been rejected from the breakeven mark recently. The “Spent Output Profit Ratio” (or SOPR …
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The price of the Shiba Inu (SHIB) could be set for a major run as it holds its support against Tether (USDT). Bitcoin’s (BTC) price saw a bounce from $23,000 to $24,800 as the favorable news from the consumer price Index (CPI) saw a good response across the boards in the crypto market as the …
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The crypto market sentiment had taken a beating when the price of bitcoin fell to a new cycle low of $17,600. With this, investor sentiment had plummeted to new yearly lows. But slowly, the market sentiment had recovered and made its way out of the extreme fear territory. That is until now when the market …
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Filecoin is range-bound within $0.070 and $0.064 Filecoin Price Analysis – August 12 Should bears increase their momentum, there is a probability that the price will experience downtrend movement towards the support level of $7.2. In case bulls put in more pressure, the break out may occur at the upper trend line of the descending …
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Due to his involvement in promotions of embattled crypto firm Voyager Digital, Mark Cuban is facing a class-action lawsuit. In the past few years, the billionaire has been a prominent figure in crypto. As disclosed, the plaintiffs alleged that Cuban presented the organization in a false manner that misled investors into business engagement with it. …
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Vinteum, a nonprofit Bitcoin research and development firm, has been unveiled in Brazil. The firm announced the development in its press release. The entry of Vinteum into Brazil will help facilitate the decentralization of open-source networks within the country. Vinteum will provide the necessary infrastructures for open-source developers’ training and funding in Brazil. As revealed, …
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Leading NFT marketplace, OpenSea has implemented new regulations to prevent NFT theft. The firm clarified these new regulations via a series of posts on Twitter. OpenSea indicated that it has always complied with the regulations of the U.S government. The firm admitted that the law of the US government strongly frowns against allowing the sale …
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A popular crypto analyst is laying out his roadmap for Bitcoin (BTC) and two altcoins, including an Ethereum (ETH) competitor. Michaël van de Poppe tells his 621,800 Twitter followers that Bitcoin is currently consolidating. He says if BTC does dip in price, it needs to hold a low in the area around $21,323 to avoid …
Two prominent US regulators are looking to add beefed-up crypto disclosure guidelines for private hedge funds. According to a recent press release, the US Securities and Exchange Commission (SEC), in conjunction with the Commodity Futures Trading Commission (CTFC), is proposing enhanced reporting rules for large private funds. The updated regulations would require funds to provide …
A top executive at leading US-based crypto exchange platform Coinbase says that staking for blue-chip investors is likely to grow in popularity in the years ahead. In a new analyst call, Coinbase chief financial officer Alesia Haas says that the firm recently offering crypto staking for institutions will be felt further down the line rather …
According to a new community Discord post on Thursday, decentralized finance platform Oasis.app says that sanctioned addresses will no longer be able to access the application. As a result of the change to the terms of service, wallets flagged as high risk are prohibited from using Oasis.app to manage positions or withdraw funds. Instead, such …
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The United Nations Conference on Trade and Development (UNCTAD) released a policy brief Wednesday on cryptocurrency. It is the third brief in a row the agency has dedicated to crypto, and together they represent a detailed assessment of the risks crypto presents for developing economies and options for resolving those risks. UNCTAD Policy Brief No. …
