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Per the Metcalfe law (ML), the value of the network is directly linked and proportional to the square of the number of users it has. Ether enables users to transact on the Ethereum blockchain, earn interest, and participate in network security through staking, store non-fungible tokens and much more. Thus,
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The crypto industry is far too focused on token prices, rather than figuring out how smart contracts can be used to solve real-world business problems, according to Google Cloud's Web3 lead. In an interview with Cryptox, Google Cloud’s Head of Web3 James Tromans stressed the need to focus more on the
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Prices of oil in the US hit a 10-month high as oil shortages are expected until the end of the year following Russia and Saudi output cuts. In response to fears of weaker supply, the prices of oil rose on Thursday. The West Texas Intermediate (WTI) crude climbed 1.6% to $90.04
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The percentage of bitcoin's circulating supply active onchain within the last month fell to a record low of 5.4% early this week, according to Blockware Solutions and Glassnode. In other words, fewer coins are changing hands, indicating supply-side weakness. At press time, bitcoin's circulating supply was 19.48 million. Source
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How does X (Twitter) impact Bitcoin price? We dive into the science behind the link between Twitter activity and crypto market movements to uncover the facts. Cryptocurrencies can quickly change in price, a characteristic that has both attracted and deterred investors over the years. Twitter and other social media play a significant
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XRP has been navigating turbulent waters in recent months. After reaching a high of $0.936, the coin took a nosedive to hit
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Saudi Arabia and Russia Monday morning agreed to extend oil production cuts, sending crude to its highest levels of 2023. Original Source
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Nearly 100,000 transactions took place on August 31, data from blockchain explorers show, with a peak activity of 132,000 transactions on August 25. As of Friday, users can use shib (SHIB), bone (BONE), and other tokens on Shibarium to swap tokens, lend and borrow capital or stake tokens to earn
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In other words, sellers have been dominant during the European hours, represented by 8:00 a.m. to 6:00 p.m. Brussels time, and U.S. hours, identified by 08:00 a.m. to 6:00 p.m. New York time. Meanwhile, buyers have had the upper hand during the Asian hours, identified as 8:00 a.m. to 6:00
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Recent reports have indicated that Elon Musk might be considering the transformation of X (former Twitter) into a modernized iteration of PayPal. Previously, a major institution’s endorsement of Bitcoin (BTC), like that of PayPal in late 2020,
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