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Community-Driven Blockchain Platform Parex Raises US$ 6․5 Million

May 15, 2023 0

PRESS RELEASE. Parex has successfully developed a community-driven DAO ecosystem through its ParexChain, Parex Wallet, RaccoonSwap, Exchange, and other decentralized applications. The company has secured US$ 6.5 million in a new investment round. The funding was provided by DWF Labs that

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Biggest Movers: LTC, SOL Climb to 1-Week Highs on Monday

May 15, 2023 0

Solana extended recent gains on Monday, as the token rose to a one-week high, following recent declines. The token dropped below the $20.00 level last week, as a red wave hit cryptocurrency markets. Litecoin was also higher today, climbing by nearly 7%. Solana (SOL) Solana (SOL) rose to a one-week high on Monday, as momentum […]

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Bitcoin Cash Achieves Milestone Upgrade, Unleashing Cashtokens’ Transformative Features 

May 15, 2023 0

On May 15, 2023, the Bitcoin Cash network achieved another annual milestone by seamlessly integrating four cutting-edge features into its consensus ruleset. At precisely 1:24 p.m. UTC on Monday, the eagerly anticipated upgrade went live, marking a significant leap forward for the peer-to-peer electronic cash platform. Bitcoin Cash fans believe the transformative changes

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Bitcoin, Ethereum Technical Analysis: BTC Rebounds From 2-Month Low, Climbing Back Above $27,000

May 15, 2023 0

Bitcoin was back in the green on Monday, as prices climbed back above the $27,000 level to start the week. Prices slipped to a two-month low over the weekend, however momentum has marginally shifted. Ethereum was also higher today. Bitcoin Bitcoin (BTC) jumped back above the $27,000 level to start the week, as sentiment showed […]

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De-Risking or Decoupling? China- US Bilateral Trade Falls More Than 10% This Year

May 15, 2023 0

Analysts have criticized the new ‘de-risking’ strategy that the U.S. is currently using against China, explained by U.S. National Security Advisor Jake Sullivan in April, clarifying that national security was over economic costs. These de-risking policies might affect bilateral trade, which fell by 11.2% to $217.9 billion during the first four months of 2023. ‘De-Risking’

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Reef Labs Is Launching a $10M Accelerator Program to Empower Web3 Projects in the Middle East

May 15, 2023 0

PRESS RELEASE. Reef is thrilled to announce the launch of a $10 Million Accelerator Program for Web3 projects building on the Reef Chain, which are based out of the Middle East. The program, managed by Reef Labs, aims to support, incubate, and invest in promising Middle East-based Web3 developers, teams, and projects building on the […]

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South Korean Politician Quits Party Over Crypto Scandal

May 15, 2023 0

A member of the South Korean parliament is leaving his party amid mounting allegations of massive crypto investments inconsistent with his frugal public image. The controversy, which has caught the attention of the Korean society, involves accusations of conflict of interest and other irregularities. Lawmaker Leaves South Korean Opposition Party Over Crypto Holdings Kim

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Latam Insights: Bolivia Mulls Chinese Yuan for Trade Settlements, Steve Hanke Proposes 30-Day Solution for Venezuelan Inflation

May 15, 2023 0

Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, Bolivia mulls using the Chinese yuan in international trade settlements, inflation reaches 108.8% in Argentina, and Steve Hanke states he can eliminate Venezuela’s inflation in 30 days. Bolivia Mulls Using […]

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China, France to Deepen Ties Following Meeting of French President Macron and Chinese Leader Xi Jinping

May 15, 2023 0

Chinese and French foreign ministers have expressed readiness to strengthen cooperation and pursue a “close and enduring comprehensive strategic partnership,” according to China’s Ministry of Foreign Affairs. This followed a “successful” meeting between French President Emmanuel Macron and Chinese President Xi Jinping. China and France to Strengthen Relations State

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Harvard Economics Professor: US Default Could Spark Global Financial Crisis

May 15, 2023 0

Harvard economics professor Kenneth Rogoff, who previously served as the chief economist at the International Monetary Fund (IMF), has warned that the U.S. defaulting on its debt obligations could spark a global financial crisis. “It’s a very perilous situation and we are in unknown waters,” he warned. Harvard Professor of Economics Kenneth Rogoff on U.S. […]