Tron Development Activity Grows This Week
Tron (TRX) welcomed the second week of this month with the news of its coin becoming a legal tender in the Commonwealth
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Grows
Gap Between Ethiopian Currency’s Official and Parallel Market Exchange Rate Grows to New Record – Africa Bitcoin News
The Ethiopian birr currency’s parallel exchange rate against the U.S. dollar recently dropped to a low of 92 birrs per dollar, a report has said. The report added that following this latest plunge, the gap between the birr’s official and parallel market exchange rates has widened to a record high.
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Argentine Inflation Skyrockets to Almost 80% YoY as Crypto Adoption Grows – Economics Bitcoin News
Argentine inflation numbers were revealed last week, with the interannual Consumer Price Index (CPI) registering record levels reaching 78.5%. This puts the country second only to Venezuela in Latam in terms of high inflation, with prices rising almost 8% during August, hitting the pockets of Argentines. According to a survey
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Brazil Exceeds 1M Registered Crypto Users in July for First Time as Number Grows 68% in a Month
The report included crypto purchases made on Brazilian exchanges only, because foreign platforms are not obliged to comply with local regulation 1888, which, in 2019, required crypto companies to report Brazilian users’ transactions to the authority. Source
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Bybit expands spot USDC trading pairs as support for stablecoins grows
Crypto derivatives exchange Bybit has partnered with stablecoin issuer Circle Internet Financial to expand its suite of spot trading pairs denominated in USD Coin (USDC) — a move the company says will increase retail and institutional access to USDC-settled products. Under the partnership agreement, Bybit will expand its USDC spot pairs
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Bear Market? Taxes? Crypto’s Allure in India Grows, KuCoin Survey Finds; Bitcoin Continues Holding Pattern Over $21K
Bitcoin and ether traded sideways. Bitcoin was recently changing hands at about $21,500, up a few fractions of a percentage point over the past 24 hours. After plunging late last week, the largest cryptocurrency by market value has been stubbornly clinging to its handhold above $21,000 amid largely tepid trading
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Bitcoin Dominance Grows As Crypto Risk Appetite Remains Low
The crypto market has been moving in the red during today’s trading session with Bitcoin and Ethereum surrendering the past week’s gains. The first cryptocurrency by market capitalization seems to be reacting to the Federal Open Market Committee (FOME) meeting set for tomorrow. During this event, the U.S. Federal Reserve (Fed)
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Elon Musk’s support for Dogecoin grows stronger following $258B lawsuit
Not even a $258 billion class-action lawsuit alleging a crypto pyramid scheme could stop Elon Musk from publicly displaying his continued support for Dogecoin (DOGE).On June 16, a New York district court received a class action complaint against the world’s richest man Elon Musk and his companies, SpaceX and Tesla,
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NEXO Price Drops by 40% In Three Days as Fear From Defi Contagion and Insolvency Crypto Fund Grows
The price of Nexo (NEXO) kept falling on June 15 as crypto lending firms continued to be shaken by the crypto winter season. Nexo was speculated to be related to Three Arrows Capital (3AC), a Dubai-based crypto fund at risk of going insolvent. However, the company has denied the rumors
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Circle to Support Polygon USDC on Payments Platform as Adoption Grows
The move will allow for swapping native USDC across eight other blockchain networks. Source
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