The Federal Reserve (Fed) had its January Federal Open Market Committee (FOMC) meeting on Wednesday and the crypto market tumbled afterward. The Fed’s move, although hawkish, wasn’t a complete surprise. As the Fed promises to modulate interest rates in order to achieve its goals of raising employment and getting price stability, investors responded with fear.…
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Small-time bitcoin miners are making headlines for essentially hitting the jackpot by mining full blocks all on their own. In what has become a modern-day ‘gold rush’, bitcoin enthusiasts are now taking to booting up small USB miners will tiny hash rates to try their luck in what is eerily similar to buying lottery tickets.…
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The IRS is hot on the trails of cryptocurrency and non-fungible tokens. They see these as fertile grounds for fraud, including tax evasion, market manipulation, and money laundering. Unfortunately, whether it’s a celebrity or not, people are always susceptible to getting into the trap. The popularity of digital assets has created a new challenge for…
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Bitcoin on-chain data shows the crypto exchange Binance observed large inflows amounting to almost 10k BTC yesterday. Bitcoin Netflow Shows A Huge Positive Spike As 10k BTC Enters Binance As pointed out by an analyst in a CryptoQuant post, the BTC netflow had a big positive spike yesterday, a sign that’s usually bearish for the…
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Mettalex, a decentralized commodities derivatives exchange on Fetch.ai, is integrating industrial-grade price feeds in the DeFi ecosystem leading to higher blockchain efficiencies following their partnership with S&P Global Platts. Mettalex Empowers Commodity Traders Details on January 25 revealed that the deal would be advantageous to traders and businesses. Notably, Mettalex global traders would have access…
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The Avalanche community has seen its fair share of drama in the past days as Wonderland (TIME) hit a new price low. Data from CoinGecko indicates that the token has lost over 90% of its value since November 2021. Related Reading | Hackers Are Now Using Compromised Cloud Accounts To Mine Crypto The Avalanche token…
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Elon Musk, and by extension, Tesla, have been one of the biggest proponents of bitcoin. The automotive manufacturer which is headed by the billionaire had been a big push in the first bitcoin run-up towards a new all-time high in May 2021. This had come as a result of the EV manufacturer announcing that it…
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The price of bitcoin has dropped after the Federal Reserve said that it will likely raise interest rates in March. Bitcoin lost its yesterday’s gain, now trading at $36k at press time. However, Fed Chairman Jerome Powell stated during a press conference that there is still a lot of uncertainty, including how many interest rate…
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AstroSwap, an interoperable and superbly designed DEX just launched today, January 28, 2022. In a press release on January 20, the highly anticipated activation precedes a period of unprecedented performance of its native currency, ASTRO. ASTRO Roared 210X in Early November 2021 According to trackers, ASTRO has been defying gravity since listing, outperforming BTC and…
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The crypto industry has recently experienced technical breakthroughs through its blockchain technology in many areas, such as AI, non-fungible tokens (NFTs), and the metaverse, changing the course of the modern world, although few understand the potential. NFTs, in particular, has witnessed exponential growth in 2021 as the number of buyers and sellers on the trading…
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