Author name: Peter

Lolli Raises $8 Million in Series B Funding for Crypto Rewards Market Expansion

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Introduction Lolli, a leading player in the bitcoin and cashback rewards sector, has announced the successful completion of an $8 million Series B funding round. The funding will allow Lolli to further improve and expand its cryptocurrency rewards market. New Funding Round and Investors The Series B funding round was led by Bitkraft Ventures and

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Bitget Implements Comprehensive KYC Policies Across Platform

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On Thursday, the Seychelles-based crypto exchange Bitget announced its decision to implement comprehensive Know Your Customer (KYC) policies across its platform. These new KYC requirements will come into effect on December 15, 2023. Bitget Introduces Mandatory KYC Procedures Bitget is updating its compliance with relevant financial regulations by introducing new KYC guidelines. The initial announcement

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Matrixport Report: Crypto Market Poised for Growth Despite ETF Approval

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Introduction Matrixport's research team has observed a significant increase in U.S. money market fund deposits, doubling since the outbreak of Covid-19. This growth, they believe, bodes well for the continued expansion of the crypto asset market. Analysts anticipate that bitcoin will maintain its upward trajectory, regardless of whether a spot exchange-traded fund (ETF) is approved,

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Treasury Secretary Janet Yellen Discusses US Economy, Recession Risk, Soft Landing

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Treasury Secretary Janet Yellen, in a recent interview with CNBC, shared her insights on the state of the US economy and the potential risks it faces. As the Federal Reserve maintains its current interest rates, Yellen highlighted the importance of managing two key risks: inflation not reaching the target and a weakened economy. Yellen's Perspective

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Bitwise Unveils 10 Crypto Predictions for 2024: Bitcoin Trading at $80,000 and More

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Introduction Crypto asset manager Bitwise has recently released a report titled "The Year Ahead: 10 Crypto Predictions for 2024." The report outlines several key predictions for the crypto industry in the coming years. Bitwise, known for its crypto index fund BITW and a range of other investment products, expects significant growth in the value of

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Ledger Library Exploit Alert: Protect Yourself from Wallet Drainer Risk

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Ledger Library Breach: Experts Advise Halting Dapp Usage to Dodge Wallet Drainer According to multiple reports, an alleged exploit has been discovered in the Ledger Connectkit Library, raising concerns about the security of decentralized applications (dapps). Users are strongly advised not to interact with the front ends of these dapps due to the potential risk

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Google Sets New Requirements for Advertisers of Cryptocurrency Coin Trusts in the U.S.

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Introduction Starting on Jan. 29, 2024, advertisers of cryptocurrency coin trusts targeting the U.S. market will be required to meet certain requirements, according to Google. Violation of this new policy will not result in the immediate suspension of advertisers’ respective accounts, the multinational technology company said. New Requirements for Advertisers Google has announced that advertisers

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Federal Reserve Maintains Current Rates, Eyes Potential Reductions in 2024

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Financial Benchmarks Display Bullish Trend After FOMC Announcement Following the most recent session of the Federal Open Market Committee (FOMC), the Federal Reserve decided to keep interest rates unchanged. This decision was in line with market expectations, as there were speculations of rate reductions in 2024. The market reacted positively to the announcement, influenced by

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