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The latest news from the crypto marketpalces

Tether and Circle Supported Future Ethereum (ETH) Merge

 Evgeny Tarasov Aug 10th 2022 The issuers of the largest stablecoins have expressed their support for the Ethereum blockchain network’s transition to the Proof-of-Stake algorithm. Tether and Circle, issuers of the largest stablecoins USDT and USDC, expressed their full support for Ethereum’s transition to PoS during The Merge update.  Circle released a statement on Tuesday, August 9, …

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Expansion of short-term BTC holders suggests ‘final flush’ of sellers

BRIAN NEWAR AUG 16, 2022 Short-term holders expanding their BTC holdings indicates that heavy sell-offs have taken place. A recent spike in short-term Bitcoin (BTC) holders could signal a “final flush” of sellers, meaning the capitulation events have played out, leaving the market ready for months of accumulation.  The latest “The Week On Chain” report …

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Central Bank Digital Currency (CBDC), Stablecoins Could Co-Exist With Legal Tender

Neelanjit Das AUG  01 2022 CBDCs may be more integrated with the life of an average consumer in the future. However, infrastructure adoption and risk and cost management are a challenge. According to a report titled “The Future of Payments 2022”, published by the UK-based Finextra Research, digital assets like the Central Bank Digital Currency …

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Crypto is making a comeback

 Paul R. La Monica August 10, 2022 Is the crypto winter finally over? (And in the scorching heat of summer no less?) Bitcoin prices have stabilized around the $23,000 to $24,000 level after plunging below $20,000 in June. The prices of Ethereum and other leading digital currencies have also rallied in the past two months, leading to hopes that this nascent market …

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MoneyGram’s USDC transfer service launches in several countries

SAM BOURGI JUN 10, 2022 The payment service, which is powered by the Stellar blockchain, will enable USDC settlement with MoneyGram in “near-real-time.” Cross-border transfer service MoneyGram officially launched its stablecoin-powered payment channel on Friday, giving users the ability to send USD Coin (USDC) payments worldwide that can be withdrawn as cash by recipients.  The …

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El Salvador’s ‘My First Bitcoin’: How to teach a nation about crypto

JOSEPH HALL AUG 10, 2022 If successful, the “Mi Primer Bitcoin” program, which recently rolled out in El Salvador, could be coming soon to a school near you. The grassroots Mi Primer Bitcoin, meaning “My First Bitcoin,” program has picked up steam in El Salvador. The first cohort of Bitcoiner-come-students began studies in May. Founded by …

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Nigeria becomes the most crypto-obsessed nation

PRASHANT JHA Aug 8 2022 The Google trends data for the popular search terms in 15 countries showed that “Ethereum” searches outscored “Bitcoin” in 14 of them. The crypto market crash in April saw most cryptocurrencies lose more than 60% of their valuation from the top, leading to an overall downturn in trading activity, investor interest and …

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Cryptocurrencies are gaining ground across Africa 

Iwa Salami 30 Jul 2022 Cryptocurrencies have become popular in African and other developing countries. That’s according to a policy brief released recently by UNCTAD, a United Nations agency. Significant proportions of Kenya (8.5%), South Africa (7.1%) and Nigeria’s (6.3%) populations are using these digital currencies. In June, the Central African Republic adopted bitcoin as a legal tender. Why is …

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Banking Giant Santander is Set to Offer Crypto Trading to Brazilians

Sead Fadilpašić 29 Jul 2022 Banco Santander S.A., the Brazilian subsidiary of the Spanish Santander Group, plans to start offering crypto trading, possibly already this year. The bank plans to start offering crypto-related services to its Brazilian customers “in the coming months,” reported Folha de S. Paulo, citing the CEO of Santander Brazil Mario Leão. The CEO is …

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