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Surge in NFT Sales: Bitcoin Outperforms Ethereum in Thriving Market

Bitcoin Takes the Lead in NFT Sales The non-fungible tokens (NFTs) market has experienced a remarkable surge in sales, with a 52.81% increase over the past week, reaching a total of $503.35 million. In this thriving market, Bitcoin has emerged as the frontrunner, generating $276.79 million in sales, surpassing Ethereum's $99.67 million, which previously held […]

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FDUSD Supply Surges by 74% in Two Weeks, Becoming the Fifth-Largest Fiat-Pegged Cryptocurrency

Introduction In just a fortnight, the stablecoin asset known as first digital USD (FDUSD) has experienced remarkable growth, with its supply increasing by 690 million coins. This surge has propelled FDUSD to become the fifth-largest fiat-pegged cryptocurrency in the market, with a market capitalization of $1.61 billion. FDUSD's Market Growth and Onchain Movements FDUSD has

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Crypto App Shakepay Discloses Data Breach Affecting a Portion of Customers

Shakepay, the Canadian crypto app, has recently revealed a data breach that occurred, impacting a specific group of its customers. The breach, which was discovered on December 13, 2023, resulted in unauthorized access to personal information but did not compromise any bank accounts, crypto wallets, or customer credentials. Addressing Data Breach Concerns and Offering Free

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SEC Rejects Coinbase’s Petition for Regulatory Clarity in Crypto Industry

Coinbase Takes Legal Action Against SEC The U.S. Securities and Exchange Commission (SEC) has rejected cryptocurrency exchange Coinbase's petition for regulatory clarity in the crypto industry. SEC Chairman Gary Gensler backs his agency's decision to deny Coinbase's petition. In response, Coinbase has pursued legal action against the securities regulator to challenge this decision. Coinbase Challenges

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Bitcoin Technical Analysis: BTC’s Consolidation Phase Signals Cautious Market Approach

Bitcoin's Price Dynamics As of December 15, 2023, the price of bitcoin (BTC) showcases an interesting mix of bullish trends and nuanced fluctuations. Following the U.S. Federal Reserve meeting on Wednesday, BTC's price experienced an improvement, but it has since entered a tight consolidated pattern. Bitcoin's Current Status Currently, bitcoin is priced at $42,696, with

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Bitget Predicts Bitcoin to Reach $100,000 and ORDI BRC20 Token to Rise in the Next Bull Market

Bitget's Optimistic Forecast for Bitcoin and ORDI In a recently published prediction report, Bitget, a leading derivatives crypto exchange, has projected a bright future for the Bitcoin ecosystem. According to Bitget researchers, BTC has the potential to skyrocket to $100,000 in the next bull market, while the ORDI BRC20 token is expected to climb up

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Matrixport Report: Crypto Market Poised for Growth Despite ETF Approval

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

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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