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In a notable move, the Ethereum Foundation recently sold 100 ETH for an impressive 334,315.7 DAI on November 12th. This transaction marks a significant moment as it was the foundation’s first ETH trade following the release of its 2024 financial report. Such sales indicate the foundation’s ongoing engagement with its financial strategy as it aims
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In recent discussions regarding the evolution of currency and payment systems, Federal Reserve Governor Christopher Waller raised critical questions about the introduction of a central bank digital currency (CBDC) in the United States. During his speech at The Clearing House Annual Conference 2024 on November 12, Waller articulated his skepticism surrounding the need for a
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Recently, Ethereum (ETH) has experienced a remarkable price increase of around 35% since early last week. This upswing indicates a significant bullish breakout as the cryptocurrency approaches crucial supply levels not seen since July. Investors are now exhibiting heightened optimism, fueled largely by a resurgence in Ethereum’s on-chain activity. According to analytics firm IntoTheBlock, transaction
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The landscape of the cryptocurrency industry is heavily influenced by political dynamics, and recent insights from Andreessen Horowitz (a16z) suggest that the potential reelection of Donald Trump could serve as a catalyst for growth and innovation within the sector. The firm’s leadership expressed an optimistic outlook on how a shift in political winds might pave
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The world of cryptocurrency experienced a significant spike recently, with Bitcoin surpassing the $82,000 threshold on Binance, reflecting an impressive 17% rise since the announcement of Donald Trump’s triumph in the United States presidential election on November 6. This substantial uptrend is not merely a momentary fluctuation; it represents a pivotal change in market sentiment
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In a dramatic turn of events, Bitcoin, the flagship of the cryptocurrency world, is surging to unprecedented heights. Recently reaching around $81,405—up from a low of $38,400 earlier this year—Bitcoin is demonstrating its resilience in a volatile market. Investors’ optimism surrounding the political landscape, particularly with Donald Trump returning to a position of leadership, has
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In October 2023, Animoca Brands emerged as a formidable player in the venture capital landscape, underlining its expansive aspirations within the burgeoning Web3 ecosystem. The Hong Kong-based company made headlines by securing nine investments in just one month, a feat that outpaced notable competitors like CMS Holdings and Hack VC, which made seven and six
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In 2023, amidst the turbulent waters of the NFT market, the CryptoPunks collection has emerged as a standout leader, capturing the attention of collectors and investors alike. With the market grappling with the decline of numerous non-fungible tokens (NFTs), CryptoPunks has solidified its dominance, showcasing a remarkable ability to adapt and thrive. According to data
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