Crypto lending platform Nexo has allocated $50 million to buy back its native NEXO token as part of an ongoing initiative designed to bolster the stability and profitability of its ecosystem. The approval announced on Aug. 30 is the third iteration of buyback programs executed by the company since the launch of its nexonomics initiative. …
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According to a recent report, the venture capital firm founded by Alexis Ohanian, Seven Seven Six, is planning to raise $177 million for a new crypto-centric fund. The new Seven Seven Six fund called Kryptós will concentrate on investing in cryptocurrencies like bitcoin and ethereum. Seven Seven Six Launches Cryptocurrency Fund Kryptós — Plans to …
Albanian authorities have detained the founder and chief executive of the Turkish cryptocurrency exchange Thodex, who allegedly fled Turkey with customer funds as the trading platform collapsed. Faruk Fatih Ozer was wanted for fraud with a red notice issued by Interpol. Albania Captures Alleged Crypto Fraudster, Prepares to Hand Him Over to Turkish Judiciary Police …
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Bitcoin miner Cleanspark says it experienced accelerated growth amid the crypto winter this year and the operation’s hashrate has surpassed 3 exahash per second (EH/s), tripling in less than twelve months’ time. The news follows a number of expansions bitcoin mining operations have embarked upon during 2022’s tumultuous crypto market. Cleanspark’s Hashrate Surpasses 3 EH/S, …
press release PRESS RELEASE. LONDON | August 30, 2022 – Hubble Protocol, home of the USDH stablecoin, has launched Kamino Finance: the first concentrated liquidity market maker (CLMM) optimizer of its kind on the Solana blockchain. Kamino Finance, launching initially on next-generation decentralized exchange (DEX) Orca, will allow users to earn higher yields in a …
The Earn-to-Move Model STEPN (GMT), a Web3 platform, has announced the launch of DOOAR, a multi-chain DEX designed by Find Satoshi Lab for STEPN users and others with a new UI/UX. STEPN is a mobile app developed by Solana that allows users to earn GST tokens by walking, running, or jogging. DOOAR, on the other …
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The current Avalanche (AVAX) price is $19.74, and the 24-hour trading volume is $590 million. The Avalanche has increased by 3.53% in the last 24 hours, but it fell by more than 20%. The AVAX/USD pair began the day at $18.53, and AVAX/USD is currently trading at $17.84, having previously reached a high of $18.64 …
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NEXO pumps 9% and can extend its previous gains and gain additional positive traction around the $1.04 level. The reason, however, could be attributed to the broader crypto market, which is slowly recovering from its recent decline. Bitcoin (BTC), the world’s most popular and valuable cryptocurrency, began to show signs of recovery early Tuesday morning. …
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Real Vision CEO Raoul Pal says economic data slated for release this week could give the crypto and stock markets a shot in the arm. The former Goldman Sachs executive tells his 975,000 Twitter followers that he’s keeping a close watch on the US dollar index (DXY), which he notes is in the midst of …
The second-largest crypto asset by market cap faces bearish momentum ahead of its much-anticipated upgrade, according to a new report by Bloomberg. The report says that based on technical analysis, Ethereum (ETH) could fall by over 30% from its current levels ahead of its transition from a proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) …
Popular crypto analyst Nicholas Merten says that the price of digital assets will slide even further following Federal Reserve Chair Jerome Powell’s latest speech on the economy. Amid the current downturn, Powell told central bankers on Friday that the Fed will get inflation under control by raising interest rates and keeping a tight monetary policy …
A new report from an advertising company says the Cardano (ADA) brand is connecting with users more than any other crypto asset in the space. New York-based MBLM, which bills itself as a “brand intimacy agency,” compared more than 600 brands across 19 industries by using artificial intelligence to analyze more than 1.4 billion words …
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Crypto lending platform Nexo has increased the size of its buyback program, giving the company more discretionary ability to repurchase its native token to boost interest payments or make strategic investments in the future. On Tuesday, Nexo disclosed that its board of directors had committed an additional $50 million to buybacks, building off the company’s …
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Changpeng “CZ” Zhao, CEO of Binance, criticized the creation of a novel “free-to-own” business model in the GameFi space on Tuesday, writing: “If everything will be free in the world, why do we have to work so hard…” The Binance CEO then explained that nothing is absolutely free, pointing to how the exchange can offer …
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Ether (ETH) is the second largest crypto by market capitalization and the absolute leader in decentralized applications by deposits. Becoming a victim of its own success, the network experienced a fee hike in November 2021 when the average transaction costs surpassed $50. That’s precisely why the Merge is a critical step to implementing a fully …
Continue reading “3 reasons why Ethereum PoW hard fork tokens won’t gain traction”
