CRYPTO MARKET UPDATE

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Coinbase considers UAE as a potential for its cryptocurrency exchange

Coinbase, a US-based cryptocurrency exchange, is considering the United Arab Emirates (UAE) as a potential hub for its international operations. The exchange’s CEO, Brian Armstrong, and some of the firm’s executive team have…
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What are BRC20 Tokens?

BRC20 tokens are a new type of asset that are made and stored on the Bitcoin network. They are an experimental fungible token that uses a loophole in Bitcoin’s 2021…
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Pepecoin Drops Nearly 50% From Highs as Traders Likely Taking Profits for Ether

Pepecoin (PEPE) has been one of the most talked-about cryptocurrencies in recent weeks, with some holders turning small investments into large profits. However, the value of Pepecoin has been volatile,…
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Bitcoin Price Prediction: Expert Analysis and Latest Trends

Bitcoin’s price has been fluctuating in recent days, with some analysts predicting a “breakout” that could see the cryptocurrency reach $63,000. However, as of May 8, 2023, Bitcoin and Ether fell slightly,…
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Ethereum Deflationary Supply Could Boost Its Price in the Long Run

Ethereum’s deflationary supply has been making headlines recently, with the total ETH supply dropping by nearly 2.5% in the past 30 days. This is due to the network’s transition into a proof-of-stake…
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Bitcoin Network Struggles With High Traffic and Soaring Fees

The Bitcoin network is experiencing a major traffic jam due to an overwhelming number of unconfirmed transactions. The latest statistics reveal that a whopping 390,000 transfers are currently stuck in…
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Binance Again Temporarily Closes Bitcoin Withdrawals

On May 8th, Binance, one of the world’s largest cryptocurrency exchanges, temporarily halted bitcoin withdrawals due to a large volume of pending transactions. At the same time, Binance conducted a…
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Empty Bitcoin Block Mined Raises Concerns

Bitcoin remains the most dominant player with its market capitalization often surpassing that of the entire crypto market. However, its decentralized nature, which is one of its major selling points,…
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XRP Price Analysis: Can Ripple Win the SEC Lawsuit and Reach $3?

Ripple’s XRP has been in the news lately due to its ongoing legal dispute with the US Securities and Exchange Commission (SEC). The outcome of the lawsuit could have significant…
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Fidelity Crypto Launches Commission-Free Trading for Retail Investors

Fidelity Investments, one of the largest brokerages in the world, has launched a commission-free crypto trading product for retail investors called Fidelity Crypto. The service allows investors to buy and sell…
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Ethereum Price Continues to Rise Despite Market Volatility

Ethereum (ETH) is one of the most popular cryptocurrencies in the world, and its price has been on the rise despite market volatility. As of May 7, 2023, the price…
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Bitcoin Price Fluctuates as Experts Predict Future Surge

Bitcoin’s price has been the subject of intense discussion among crypto enthusiasts recently, with the leading cryptocurrency fluctuating between $27,000 and $31,000 in the past month, following a promising start…
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Chinese power in Dubai and NFT community drive early growth of PEPE

Milady NFT holders are among the early buyers driving the growth of the PEPE cryptocurrency. By analyzing the holding addresses of a large number of PEPE, it has become apparent…
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Bitcoin BRC20 Token Economy Skyrocket In Just Four Days

The BRC20 token standard, which is built on top of the Bitcoin network, has recently gained significant momentum, with its token economy flourishing. According to recent reports, the BRC20 token…
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Former Head of Alliance Chain at Tencent Starts Crypto Wallet Business

The former head of the alliance chain at Tencent, China’s largest internet company, has left the company to start his own cryptocurrency wallet business called Punk Code. The move is…
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Binance Resumes $BTC Withdrawals After Network Congestion Issues

Binance announced that $BTC withdrawals had been resumed, stating that the Bitcoin network was now stable. The tweet read: “$BTC withdrawals are now resumed on #Binance. Thank you for your…
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Ethereum Deposits Exceed Withdrawals After Shanghai Upgrade

In a significant development, the recent Shanghai upgrade has resulted in total Ethereum deposits exceeding withdrawals, resulting in a net inflow of 32,000 ETH. the current pending withdrawal amount stands…
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U.S. Justice Department Investigating Binance for Sanctions Violations

The national security division of the United States Department of Justice has initiated a probe into Binance, the world’s largest cryptocurrency exchange, for possible violations of U.S. sanctions related to…
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