Cryptocurrency Analysis and News Portal
ApeCoin (APE), the Bored Ape Yacht Club collection’s native coin, has been continuously falling since the June slump, reaching a low of $3.05. Even though APE is now trading at a premium of 6.5% over its initial price on Friday, its performance still pales in comparison to other altcoins. As of this writing,
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Cred Protocol, a decentralized credit scoring startup has unveiled the results of its first automated credit scoring system for users of decentralized finance (DeFi).Cred Protocol CEO Julian Gay, outlined the results in a Twitter thread which showed how Cred successfully utilized past transaction behaviour on the Aave protocol to assess
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The native token of Avalanche, AVAX, registered a strong upswing this week, suggesting that the altcoin is gaining a lot of traction at its current prices. As of this writing, AVAX is trading at $19.95, up 1.9% in the last seven days, data from Coingecko show, Friday. The token’s market value grew
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Celsius’ bankruptcy filing has revealed some unpleasant surprises about the state of the crypto lending platform, including a $1.2 billion deficit formed largely as a result of user deposits. A chapter 11 bankruptcy document signed off by Celsius CEO Alex Mashinsky on July 14 has revealed that the company holds around
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Cardano has depreciated on its chart considerably over the past few days taking away most of the weekly gains. Over the last 24 hours, ADA lost 2% of its value dragging price down to $0.42 on the four hour chart. ADA lost critical support of $0.44 which it tried to
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While American stocks plunged at the opening of Wall Street on July 14, Bitcoin escaped losses, but traders remained uneasy. Analysts Weigh In On Bitcoin Bottom The S&P 500 and Nasdaq Composite Index both fell by about 1.8% at the time of writing as Wall Street opened in the red. Although the largest
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Decentralized Web3 infrastructure provider Ankr Network (ANKR) has introduced its Ankr Network 2.0 upgrade aimed at transitioning blockchains into more resilient node networks.The upgrade is detailed in the Ankr 2.0 Whitepaper which was obtained by Cryptox ahead of its release later today.The upgrade centers around making Web3 more decentralized through
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Crypto mining firm CleanSpark announced the purchase of more than 1,000 Bitcoin miners amid the market downturn, reporting a “substantially discounted price” compared to that earlier in 2022.In a Thursday blog spot, CleanSpark said it had acquired 1,061 Whatsminer M30S rigs currently mining Bitcoin (BTC) at the Coinmint facility in
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Investors in the failing cryptocurrency lending startup Celsius are still losing money weeks after the company filed for bankruptcy. Customer withdrawals had been frozen. Celcius Market Cap Crash 86% As the company’s problems worsen, investors have stepped out to relate their experiences following the withdrawal freeze and the ensuing bankruptcy application. One
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The chief executive of the United Kingdom’s Financial Conduct Authority, or FCA, said the U.K. government will be working with its counterparts in the United States to address a regulatory framework for cryptocurrencies. In a speech for the Peterson Institute for International Economics on Thursday, FCA chief executive Nikhil Rathi said
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