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The move came after a proposal floated by Compound’s governance community was passed this morning with over 99% of all voters in favor, with some 554,000 COMP staked to vote. Crypto data provider Gauntlet was the biggest voter with some 126,000 COMP staked as votes, followed by Compound founder Robert
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On-chain data shows some dormant Bitcoin supply is again moving into exchanges, something that could be bearish for the price of the
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Ethereum completed one of its historic upgrades in mid-September. The Merge created the transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS). Unfortunately, the
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Ark Invest published its monthly Bitcoin report, detailing several bullish signs for the asset and the general market.It notes that Bitcoin is in oversold condition, and the asset might have reached a strong bottom, pointing to Bitcoin’s short-term-holder cost basis crossing below the long-term-holder equivalent for the first time since
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Russia is preparing to provide Kazakhstan with additional energy needed to operate crypto mining farms in the Central Asian nation. New arrangements will allow Kazakhstan’s miners to buy electricity directly from the Russian power generation and distribution giant Inter RAO. Miners in Kazakhstan to Source Energy From the Russian Federation Crypto mining
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On-chain data shows the Bitcoin stablecoin supply ratio is now showing a green signal that has proved to be profitable for the
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The automatic conversion of other stablecoins could increase BUSD supply by $908 million, the bank said. Source
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However, the price rise may prove to be short-lived as the new fee parameter is unlikely to attract new investors to the blockchain, according to Edward Moya, senior market analyst at Oanda. “It still remains a tough period for crypto in general and investors still have a bad Terra taste
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Following the discussions concerning the inter-governmental political forum Group of Seven (G7) pledging to impose price caps on crude oil and the European Commission talking about fixing electricity prices, Russian president Vladimir Putin explained on Wednesday that Russia will not supply the industrialized economic powers and the West with energy.
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On-chain data shows Bitcoin supply older than two years has moved into derivative exchanges recently, suggesting whales may be positioning themselves on
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