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By early afternoon, bitcoin had fallen almost 4% over the past 24 hours to the low end of the $29,000-$30,000 range it has occupied for the nearly two weeks since the UST stablecoin and LUNA token that supports it imploded. The largest cryptocurrency by market capitalization, has dropped 26% from
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Brian Grassadonia, Cash App's co-creator and lead, said that Bitcoin is a positive for Block as customers bring money into the overall ecosystem, with "multiple opportunities for monetization." In addition, given Block's network scale, Grassadonia believes Cash App can help bitcoin "evolve beyond an asset class," and offer more transactional
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When Solana’s price hit new lows near $54, the total value locked (TVL) for the token also declined to a historical low. According to data from Defi Llama, the token’s TVL has been on a steady decline since November 2021. In that month, it reached an all-time high of $15
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Bitcoin neared the $47,000 level in mid-March in a run that lasted a couple of weeks after a fall to $37,000 from November’s lifetime highs of nearly $69,000. The asset has since slid every week and could fall to as low as $20,000 if current market conditions continue. Original Source
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Sam Bankman-Fried, the founder of crypto exchange FTX, has criticized the efficiency of Bitcoin (BTC) as a payment network, only to meet heavy backlash from the crypto community.During an interview with the Financial Times, Bankman-Fried fueled environmental concerns associated with the Bitcoin network’s mining consensus, proof-of-work (PoW), and claimed it's
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Terra (LUNA), the in-house token of Blockchain protocol Terra, is undergoing major changes which are causing intrigue and despair in equal measure.Data released on May 13 confirms that overnight, the embattled cryptocurrency’s supply expanded to an eye-watering 6.9 trillion LUNA.6,900,000,000,000 LUNA, almost zero valueAfter a tumultuous week in which Terra
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Bitcoin (BTC) came back with a vengeance on May 13 as bulls stepped in to take the market to near $31,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin RSI stays firmly oversoldData from Cryptox Markets Pro and TradingView confirmed 24-hour gains of 30% for BTC/USD in the aftermath of the Terra debacle.After
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The contentious Otherdeed for Otherside nonfungible token (NFT) floor price has dropped below its mint price to 2.45 ETH worth about $5,713 as other major collections are also getting hit.The Otherdeed for Otherside collection from Yuga Labs, makers of the Bored Ape Yacht Club (BAYC) collection, was a highly anticipated
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