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Binance Launches High-Yield USDT Earning Program Amid Fierce Market Competition

November 7, 2023 0

This week, Binance, the world’s leading crypto exchange by trading volume, announced the introduction of a tether (USDT) earning program with up to a 13% annual percentage yield (APR). Binance’s USDT earn product joins a slew of other digital currency trading platforms offering yield services

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Over 600 Stablecoins ‘Depeg’ in 2023, Moody’s Analytics Launches Monitoring Tool

November 7, 2023 0

Stablecoins, the crypto assets crafted to mirror the stability of fiat currency, have encountered over 600 significant instances of price instability in 2023, as per Moody’s Analytics. A ‘depeg’ or ‘depegging’ event is characterized by a stablecoin’s value swinging beyond a 3% margin from its standard $1 mark within a day, according to Moody’s Analytics’ […]

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Coinbase Website Blocked in Kazakhstan Amidst Crypto Securities Law Enforcement

November 7, 2023 0

Regional reports from Kazakhstan indicate that Coinbase, one of the largest crypto exchanges globally, has been blocked as it reportedly “violates paragraph 5 of Article 11 of the Digital Assets Law of the Republic of Kazakhstan.” Essentially, the clause is a policy on the issuance and sale of unregistered crypto securities, according to Kazakhstan’s Ministry […]

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November Marks Rare Awakening of 2 Vintage 2010 Bitcoin Wallets Valued at $3.4 Million

November 7, 2023 0

Bitcoin has surged over 24% against the U.S. dollar this month, and on November 7, 2023, an intriguing event took place: two dormant bitcoin addresses from 2010 were activated and transferred roughly 100 BTC, valued at $3.4 million according to the current bitcoin exchange rates. While 100 BTC may not be a staggering amount, these […]

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BRC20 Token ORDI Skyrockets Over 40% as Binance Announces Listing

November 7, 2023 0

On Tuesday, the BRC20 token, dubbed ordinals (ORDI), soared over 40% against the U.S. dollar, fueled by news from Binance about its impending inclusion on the exchange’s roster of traded currencies. ORDI rocketed from an early 24-hour low of $7 to a peak of $11.53, settling at $10.48 per token at the time of this […]

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South African Financial Giant Says It Will Inject Capital Into ZARP Stablecoin Network

November 7, 2023 0

South Africa’s Old Mutual Wealth and financial services provider Inves Capital recently revealed plans to inject liquidity into the ZARP stablecoin network. Inves Capital’s managing director said “crypto is entering a new phase” of growth and ZARP is set to “play a central role.” ‘Substantial Liquidity’ to Be Injected Into the ZARP Network South African […]

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Cogwise Real-Time Trading AI Model’s Test Phase Brilliance: Averaging 16.8% Weekly Returns

November 7, 2023 0

In a groundbreaking development for the world of finance and investment, the Cogwise AI team has unveiled a cutting-edge feature that is poised to change the way traders make decisions. The innovative “AI News Aggregator” integrates advanced artificial intelligence and machine learning algorithms to provide real-time analysis of news and global trends, as well as […]

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SwissGold Crypto AG Launches Gold-Backed NFTs for Wealth Preservation

November 7, 2023 0

PRESS RELEASE. Zug, Switzerland – SwissGold Crypto AG, a Swiss-regulated crypto issuer, introduces a novel solution to the wealth preservation challenge in times of inflation and uncertainty: gold-backed non-fungible tokens (NFTs). Gold’s enduring stability, in contrast to depreciating fiat currencies, has made it a trusted wealth preserver for centuries. Following the US

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China Mulls Digital Yuan Settlements for Commodities

November 7, 2023 0

The People’s Bank of China (PBOC) is considering using the digital yuan to settle services and commodities trades with Hong Kong. According to Di Gang, deputy director-general of the Digital Currency Institute of the PBOC, this would help companies avoid the difficulties of using a single high-cost, cross-border payment channel. People’s Bank of China Eyes […]

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Aave V2 Ethereum Market and Several Assets Paused — Team Says ‘No Funds Are at Risk’

November 7, 2023 0

The decentralized finance (defi) protocol Aave’s so-called guardian said on Nov. 4 it had paused the Aave V2 Ethereum Market and frozen “certain assets on Aave V3 on Polygon, Arbitrum, Optimism.” At the time when the update was issued, Aave said an analysis of what happened would be made available when the issue is resolved. […]