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Yet the narrative of bitcoin offsetting the devaluing dollar is even weaker than the one about it being a tech-related investment. The correlation coefficient between bitcoin and the U.S. Dollar Index is just -0.13. Against U.S. bonds, represented by the iShares 20+ Year Treasury Bond ETF (TLT), it is just
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Popular decentralized exchange Uniswap and Ethereum scaling solution Polygon announced that all Uniswap V3 contracts are officially deployed to the Polygon mainnet on Wednesday, a few days after UNI holders voted to pass a governance proposal to do so.Amid the latest development, prices of MATIC and UNI were both in
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You may have heard of other blockchains, such as Avalanche and Solana, that also claim to be faster and cheaper than Ethereum. However, unlike Loopring, these are known as layer 1 blockchains. This simply means they are independent blockchains with their own validators, just like Ethereum. Original Source
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Cryptocurrency traders are inadvertently pumping the price of a little-known altcoin they believe belongs to a project conceived by Sam Altman, former president of tech startup accelerator Y Combinator.Altman, co-founder and CEO of artificial intelligence firm OpenAI, unveiled his “Worldcoin” (WC) project earlier on Thursday, promising fair distribution among as
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Join Cryptox host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman as they break down the latest news in the markets this week. Here’s what to expect in this week’s markets news breakdown:Then, special guest Big Cheds shares some technical analysis on trending charts, the
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Bitcoin (BTC) broke its all-time high price level following the launch of ProShares’ Bitcoin Strategy exchange-traded fund (ETF), BITO, on Tuesday, but JPMorgan Chase strategists believe the key driver behind the price jump is investor concern over inflation.The BITO launch, which saw the highest-ever first-day natural volume for an ETF,
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FTX crypto exchange’s native utility token, FTT, reached a new record high on Monday a week after it agreed to acquire LedgerX, a United States-based crypto derivative platform, for an undisclosed sum.On Monday, the FTT/USD exchange rate surged 16.37% to $73.99 in a market-wide rally that saw other top coins
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ATOM rallied by up to 36 percent on a week-to-date timeframe as traders assessed the prospects of a major technological update on its parent blockchain Cosmos on February 18. Dubbed as “Stargate,” the upgrade would enable Cosmos-based chains to connect using the first standardized protocol for inter-blockchain communication. With that said,
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A new crypto outlook from Bloomberg suggests BTC could reach $50,000 in 2021, topping off a month of major institutional momentum for the asset.On this edition of the weekly recap, NLW looks at the consolidating narrative of a bitcoin rally that is:Being driven by institutional investorsShifting the center of the
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