Friday, April 26, 2024
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Bitcoin Adoption in Venezuela Makes It Unique Among Crisis Nations

Venezuela is an example of cryptocurrency adoption during an economic crisis. No other economy facing hyperinflation has come near the South American nation in terms of GDP-adjusted activity on peer-to-peer crypto exchanges, according to a new CryptoX Research analysis of data from LocalBitcoins and Paxful, the two largest such exchanges.Previous

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Lack of Unique Bitcoin Circulation a “Concerning” Sign for Its Mid-Term Outlook

It has been another boring day for Bitcoin. While many of its smaller counterparts incur intense uptrends, BTC has largely been trading sideways, forming an incredibly tight trading range between $9,100 and $9,100. Analysts are now scratching their heads as to what could come next for the benchmark digital asset, as

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This Unique Perspective on Bitcoin Charting Makes Bull Breakout Clear As Day

Switching Bitcoin price charts from one type to another gives a clear as day look at what appears to be a full-blown breakout into a bull market.Better yet, the price action also shows a retest of downtrend resistance turned support, which could act as a launchpad for the cryptocurrency.Understanding Technical

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CZ Calls Africa an ‘Untapped Market’ With Unique Challenges for Crypto

Binance founder and CEO Changpeng Zhao, otherwise known as CZ, believes that the African continent holds some unique opportunities for cryptocurrency adoption and development. The Binance leader provided a number of interesting insights during an exclusive “ask me anything” session hosted on Zoom for key members of the African cryptocurrency

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Silicon Valley Startups’ Funding Troubles Poses Unique Threat to the Crypto Industry

A report from law firm Fenwick & West LLP reveals venture capitalists have tightened spending in light of the economic crisis, spelling trouble for crypto startups looking for investment money.Not only that, but the findings of the report also show deflation in company valuations when compared to pre-pandemic times.Indeed, in

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