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The Australian dollar, which is sensitive to the Chinese economy due to the strength of trade ties between the two countries, fell 0.7% against the U.S. dollar, and China's benchmark equity index, CSI, traded flat to negative. MSCI's broadest index of Asia-Pacific shares outside Japan fell more than 0.5% and
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Ethereum co-founder Vitalik Buterin believes the success of Ethereum will come down to three major technical “transitions” that need to happen almost simultaneously — layer-2 scaling, wallet security and privacy-preserving features.In a June 9 post via his personal blog, Buterin explained that the Ethereum blockchain outright “fails” without sufficient scaling
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As Meta struggles to lead the way in virtual and augmented reality, Apple’s recent entry into the market has generated curiosity and apprehension. With the official announcement of its Vision Pro headset, speculations arose about Mark Zuckerberg’s viewpoint as Meta CEO on the competition posed by Apple’s mixed reality headset.During
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Bitcoin (BTC) recovered some of its lost ground after the June 6 Wall Street open despite new legal action from United States regulators.BTC/USD 1-day candle chart on Bitstamp. Source: TradingViewAnalyst sees Coinbase news marking BTC price lowData from Cointelegraph Markets Pro and TradingView tracked an ongoing rebound for BTC/USD, which reached
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As we appear to be entering a new phase in crypto’s notorious market cycles, excitement is once again growing at the prospect of rising investment and deeper liquidity. However, in order for the market to come back stronger, lessons must be learned from what happened before. The collapses of 2022
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The largest cryptocurrency by market capitalization was recently trading at around $26,950, down over 3% in the past 24 hours. BTC had been hovering above $27,000 Thursday morning before dropping below the threshold around 1 p.m. ET. BTC has been trending downward for much of the past week as investors
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Following Ben “BitBoy” Armstrong’s refusal to attend a court hearing over his promotion of FTX, a defunct cryptocurrency exchange, a referral was made to the United States Federal Bureau of Investigation (FBI). Moskowitz counseled the plaintiffs who
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The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, would not answer a direct question in a congressional hearing about whether ether is a security. While the SEC chair insisted that the law is clear on crypto, Congressman Patrick McHenry argued that the SEC’s regulatory actions say
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Some addresses, such as "0x08De,” withdrew over 50,000 ether and deposited over 5,000 ether on crypto exchange Hubby's Ethereum staking tool. The remaining 45,000 ether was deposited on spot wallets, but data did not immediately suggest if 0x08De intended to sell the holdings. Source
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Nigerian economic experts have said the country’s five-year-old currency swap agreement with China has not eased the pressure against the Nigerian currency. According to one expert, implementation of the swap arrangement is being held back by the size of the trade imbalance between Nigeria and China Easing Pressure on the Naira According
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