Category: Trending Cryptos
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MyLugano Crypto Payment App Adds Support for Internet Computer’s Multi-Chain Bitcoin ‘Twin’
[ad_1] The DFINITY Foundation’s new partnership with the municipality of Lugano will see the Swiss city’s MyLugano crypto payment app add support for Chain-Key Bitcoin (ckBTC), a multi-chain Bitcoin “twin” running on the Internet Computer (ICP) blockchain. With the addition of ckBTC, MyLugano app introduces a multi-chain, multi-wallet solution, expanding the already existing possibilities of…
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Grayscale Bitcoin Trust Holdings Are Spread Over 1,750 Wallet Addresses, Arkham Finds
[ad_1] Crypto analytics platform Arkham Intelligence claims to have found on-chain addresses associated with the Grayscale Bitcoin Trust. This revelation comes amidst the ongoing battle between asset management firm Grayscale and the United States Securities and Exchange Commission (SEC) over converting the Bitcoin Trust into a spot exchange-traded fund (ETF). The Grayscale Bitcoin Trust, with…
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Short-term holders bear the brunt of Bitcoin’s volatility
[ad_1] Bitcoin’s drop from $29,000 in mid-August has significantly changed market dynamics. Despite the short-lived jump to $27,000 following the news about Grayscale’s win against the SEC, Bitcoin is still hovering around $25,700. Graph showing Bitcoin’s price from Aug. 1 to Sep. 7, 2023 (Source: CryptoSlate BTC) A deeper dive into on-chain metrics reveals that…
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Creative AI art, Tomorrowland sells tomorrow’s future – Cointelegraph Magazine
[ad_1] Greg Oakford, co-founder of NFT Fest Australia, is your guide to the world of NFTs from a collector and fan’s perspective. Seventeen years ago, Pindar Van Arman built a robot that, like him, painted with a brush on canvas. He has built several robots since, with each iteration possessing a more sophisticated artificial intelligence…
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Crypto Market-Making Profit Margins Take a Hit, Down 30% Amid Industry Changes
[ad_1] Source: Adobe / Bill Gallery The once-lucrative business of market-making in crypto, facilitating trades and profiting from the spread between buying and selling prices, has faced headwinds recently. One major factor contributing to this decline is the heightened caution among investors following the crypto market’s downturn last year, which wiped out approximately $2 trillion…
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Coinbase-Incubated Base Suffers Outage, Team Says ‘No Funds Are at Risk’
[ad_1] The Ethereum Layer-2 network Base exhibited some growing pains today, experiencing an outage that lasted half an hour and took another 30 minutes to fully resolve. “We had a delay in block production due in part to our internal infrastructure requiring a refresh,” Base reported on Twitter. “The issue has been identified and remediated.…
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Shiba Inu Lead Dev Confirms Development Of Burn Portal
[ad_1] Shytoshi Kusama, the lead developer of the Shiba Inu project, has confirmed the development of a “Burn Portal” for the Shibarium protocol. This announcement comes as the protocol continues to gain traction, following its successful relaunch after an initial setback in mid-August. Lucie, a renowned SHIB influencer, shared a screenshot where Kusama confirmed the…
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Binance-backed BUSD circulating supply drops to less than $3B
[ad_1] The circulating supply of Binance USD (BUSD) has fallen to $2.8 billion, marking its lowest point since early 2021, when the stablecoin was still relatively new to the crypto market, according to CryptoSlate’s data. The Binance-backed stablecoin has seen its market share rapidly decline this year after it was labeled securities by the U.S.…
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Asia Express – Cointelegraph Magazine
[ad_1] Our weekly roundup of news from East Asia curates the industry’s most important developments. Thailand’s crypto UBI Thailand has a national airdrop in the works under which every citizen 16 years and older receives 10,000 baht ($285). According to local news reports on Aug. 30, Thailand’s ruling Pheu Thai party will consult the Bank…