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Category: Blockchain

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The countdown has started: Just One Year Until the Next Bitcoin Halving

Briefly the key event that reduced mining rewards, the halving of Bitcoin, influences market sentiment, increases the profitability of miners, and drives innovation in the crypto ecosystem. The price of Bitcoin is influenced by the halving, and institutional investors have a significant impact on how the market reacts to this development. The forthcoming splitting may…
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Nasdaq to Offer Crypto Care Administrations by Mid 2023

The stock exchange will seek to complete all regulatory requirements and roll out the service by the end of Q2. By launching custody services by the end of the second quarter of this year, the leading stock exchange, Nasdaq Inc., could make an additional push toward the cryptocurrency industry. Other financial behemoths that provide these…
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The founder of Monero refutes claims that he assisted Interpol in locating funds

Briefly Riccardo Spagni, the founder of Monero, has denied being an Interpol informant. James Edwards, a crypto influencer, stated in a Twitter thread that Spagni made it clear that he was an Interpol informant. Before being captured in the United States in 2021, “Fluffypony” was trying to avoid fraud charges in South Africa. Riccardo Spagni,…
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Deposits in banks fall as investors jump into Bitcoin

Briefly data from the Federal Reserve showed that between March 8 and March 15, banks’ deposits fell significantly. Small US banks’ borrowing rates reached their highest levels during the same time frame. In the meantime, Bitcoin has gained 35% in the past two weeks. Between March 8 and March 15, fears of a banking collapse…
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Investors’ concerns about Polygon (MATIC)’s price rise amid a slump in the cryptocurrency market

Briefly Polygon’s price has decreased by 11% in the past seven days. The growth of the network has slowed for three months in a row. MATIC could fall to $1 under the current crypto market conditions. Throughout the downturn in the crypto market, Polygon’s native token has performed poorly. Given the lack of retail interest,…
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Custodia Bank is slammed by the Federal Reserve, which claims that it poses a threat to both the cryptocurrency industry and itself

Briefly Custodia’s bank application was rejected by the Federal Reserve. Custodia argued that its model stops the kind of bank run that has plagued the banking sector recently. The bank also asserted that the Fed’s statement demonstrated its general antipathy toward digital assets. The Central bank (Took care of) has come out all firearms bursting…
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Scammer Attempts to Phish Arbitrum Discord, Claiming Almost 1 Billion ARB Tokens

Briefly the Nansen dashboard indicates that almost 1 billion Arbitrum tokens have been claimed.  A fake link was posted on the project’s discord channel. On Uniswap, over $24,000 in trading volume was generated by a fictitious ARB token. On March 23, the Ethereum layer2 scaling solution Arbitrum successfully distributed its tokens to users. Since then,…
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The price of Solana (SOL) has recovered, but is it preparing for a larger move?

Briefly the price of Solana (SOL) broke through a descending resistance line. It is confronting opposition at $22.90. It’s possible that Solana (SOL) completed an A-B-C correction. The price of Solana (SOL) is attempting to confirm its bullish reversal by breaking out of the $26 area of resistance. After the Bonk meme coin emerged, interest…
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CryptoPunk trying to borrow money accidentally loses $135k to a NFT investor

Riley made a mistake and accidentally sent the asset to a burn address while wrapping NFTs, removing the NFT from circulation for good. A nonfungible token (NFT) from the CryptoPunks assortment worth 77 Ether was shipped off a consume address to be forever obliterated. The collector, on the other hand, just wanted to borrow some…
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As the price recovers from the early-March sell-off, SingularityNET (AGIX) has more to offer

Briefly following a 50% retracement a few weeks ago, AGIX has returned to the $0.50 area. Smart whales have entered a new wave of accumulation. The SingularityNET ecosystem’s social sentiment indicates a regional low. After rebounding above $0.50, AGIX has maintained hopes of a sustained bull rally. Is it time to buy the dip now…
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