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Ethereum Technical Analysis: ETH Faces Downward Pressure; Bearish Trends Emerge Amidst Market Volatility

Ethereum's Market Capitalization and Trade Volume Ethereum (ETH) currently holds a market capitalization of $271 billion, making it a significant player in the crypto economy. With a 24-hour trade volume of approximately $17.54 billion, Ethereum's presence is undeniable. However, recent fluctuations in trade volumes and price range, which has been between $2,254 and $2,331 in […]

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

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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Ledger Library Exploit Alert: Protect Yourself from Wallet Drainer Risk

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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U.S. Inflation Rate Holds Steady: Minor CPI Rise Amid Falling Energy Costs

Introduction In November, the U.S. Consumer Price Index (CPI), a principal measure of inflation, experienced a slight increase of 0.1%. This steady rise in prices is in line with the annual increase of 3.1%. Notably, energy costs have witnessed a significant decline, while expenses for housing and food have gradually risen. Decline in Energy Costs

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Johns Hopkins Economist Criticizes Paul Krugman’s Claim on Global Inflation

Steven Hanke Dismisses Krugman's Assertion Steven Hanke, an applied economics professor at Johns Hopkins University, has criticized Nobel laureate Paul Krugman for his claim that inflation is a "global phenomenon." Hanke took to X (formerly Twitter) to express his disagreement with Krugman's recent op-ed article in the New York Times, referring to it as another

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NFT Sales Continue to Rise in December, Bitcoin Outshines Ethereum

Introduction In the month of November, non-fungible token (NFT) sales experienced a significant increase. This trend has continued into the first week of December, with sales skyrocketing by 57% compared to the previous week. Bitcoin-related NFTs have emerged as the top performers in terms of sales volume, outshining Ethereum-based NFTs. Let's delve into the details

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SEC Warns Investors about Risks of Crypto Investments

The SEC's Warning on Crypto Investments The U.S. Securities and Exchange Commission (SEC) has issued a renewed warning regarding the high risks associated with investing in cryptocurrencies. The regulator emphasized that crypto-related investments are particularly susceptible to fraud, including fraudulent coin offerings, Ponzi and pyramid schemes, and instances where project promoters disappear with investors' funds.

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China and Singapore Collaborate on Digital Yuan Pilot for Tourists

Introduction China and Singapore have joined forces to launch a pilot program that allows tourists from both countries to use China's central bank digital currency, the digital yuan, for their purchases. This collaboration aims to enhance convenience and provide a seamless experience for travelers during their overseas trips. Expanding Financial Cooperation The Monetary Authority of

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US Lawmakers Introduce Bill to Counter Terrorism and Digital Asset Threats

Introduction Several U.S. lawmakers have recently introduced a bipartisan bill aimed at cracking down on terrorist organizations and addressing emerging threats involving digital assets. The bill proposes applying sanctions to foreign entities, including cryptocurrency platforms, that facilitate financial transactions for terrorists. The legislators also aim to provide the Treasury Department with additional resources to counter

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Bitcoin Outperforms Gold: Digital Asset Surges 166% in 2023, Outshining Gold’s Modest 9% Gain

Gold Hits Record High, Yet Bitcoin Steals the Spotlight With Stellar 2023 Surge Gold achieved a record high of $2,117 per troy ounce on Dec. 3, 2023. However, despite this unprecedented peak, its price per ounce has decreased by 5.33% in the previous week. In contrast, bitcoin, the leading crypto asset in terms of market

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