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Monzo hit profitability after its lending volume for the period ending February 2023 ballooned to £759.7 million. British neobank Monzo Bank has revealed it attained monthly profitability for the first time in 2023 following a lending surge. In its annual report for the year ending February 2023, the online bank said it became profitable
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Centralized exchanges (CEXs) and decentralized exchanges (DEXs) have observed a tremendous surge in their respective trading volumes in the past 24 hours. This trend suggests a renewal of investor interest despite a generally bearish market. Per data
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The high demand for AI stocks has raised concerns about a possible bubble, as many investors are pumping funds into AI technologies. However, renowned economist Jeremy Siegel believes it’s not yet time for a bubble. Investors are placing big bets on the potential for artificial intelligence (AI) as the technology continues
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Under the guidance of CEO John Ray III, FTX unveiled resurrection plans in a new project known as FTX 2.0. Documents recently filed in the United States Bankruptcy Court for the County of Delaware provide insight into
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied After the first BonklerNFT was sold for $125,000, the coin had another good day with a 120.3% increase in floor price, according to CoinGecko. With a basis on the Ethereum blockchain, the NFTs reached an all-time high
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Over the past four days, there has been a surge in Ordinal inscriptions, and as a result, the BRC20 token economy has experienced significant growth with over 10,000 additional coins. The current value of the BRC20 token economy now stands at $497.75 million, comprising a total of 24,677 distinct tokens.
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Non-fungible token (NFT) sales witnessed a minor rise last week, registering a humble increase of around 1.46% compared to the preceding week. The cumulative value of NFT sales amounted to $149.31 million from April 29 to May 6, 2023. Nevertheless, the most recent week exceeded anticipations, as sales skyrocketed by
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On May 8, Litecoin executed more than 525,000 transactions in a day, coming close to Bitcoin’s 575,000 daily transactions, according to blockchain data from BitInfoCharts. It is five times the average number of transactions on the Litecoin blockchain compared to earlier this year and more than double the previous all-time
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The largest cryptocurrency by market cap, bitcoin (BTC), is on a downward move for the third consecutive day despite the growing number of its holders. Bitcoin’s price drop started on May 6, when the asset was trading
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Since then, the trader has been gradually taking profits by sending smaller amounts multiple times a day to UniSwap, and receiving ether (ETH) in exchange. The wallet has sent $3.8 million of PEPE to UniSwap in the past month, per Arkham data, presumably to take profits, with $2.4 million of
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