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Europe Takes the Major Share in terms of Global Crypto Distribution

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As crypto adoption continues to gain steam, Europe is at the helm for crypto distribution worldwide. At least $5 trillion worth of cryptocurrencies were received between July 2020 and June 2021, representing 35%. Asia and America come second and third with 28% and 27%, respectively. The Middle East and Africa come a distant fourth and fifth
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Solana on-chain development increases after a recent DDoS attack

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Solana, the fifth-largest cryptocurrency by market capitalization, is leading on-chain development charts despite a recent denial-of-service (DDoS) attack. As per Santiment data, Solana surpassed the daily GitHub submission rates of Polkadot and Cardano to become the leading blockchain over the past month. The number of daily GitHub submissions for Solana reached 90 between Nov. 12
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Binance Singapore withdraws crypto license application

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Crypto exchange Binance has withdrawn its application with the Monetary Authority of Singapore (MAS) for a digital payment token (DPT) services license.  Starting Dec. 13, Binance.sg has stopped onboarding new users and will not allow Singaporeans to deposit cryptocurrencies or fiat on the exchange. By Feb 13, 2022, Binance plans to “wind down” all services
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PayStand Adds Cryptocurrency to Its Balance Sheet

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Last Friday, December 10, PayStand, a cloud-based payment platform for B2B companies, announced that it has been buying Bitcoin and Ether on its balance sheet. Such action by the PayStand firm marks a significant milestone for B2B SaaS companies and further legitimizes the emergence of crypto as a potential balance sheet asset. The company’s move
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Mastercard Onboards Ava Labs as Part of Start Path Crypto Program

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American payment services firm Mastercard has onboarded Avalanche blockchain creator Ava Labs as part of its Start Path Crypto Program, designed to explore and solve how blockchain technology can democratize use cases for people and businesses worldwide. As announced by Ava Labs, the blockchain startup will join a host of other crypto innovators to redesign
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Ethereum’s Median Fee Hit a 4-Month Low, while Address Activity Soaring to a 7-Month High

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Despite making significant strides in 2021, high gas fees in the Ethereum (ETH) network have been a big headache. Nevertheless, users have a sigh of relief because Ethereum’s median fees have dropped to $5.50 per transaction from highs of $34.18 last month. On-chain metrics provider Santiment confirmed:  “Ethereum’s median fees have quietly come back
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Bitcoin Needs to Reclaim $53,000 before a Bull Run to be Reignited

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Bitcoin has been dragging between $47K and $50K levels recently. Crypto experts believe the bull market might be triggered until the primary token return to the $53K level. Slightly over a week ago, Bitcoin (BTC) plummeted to lows of $42,000 following massive liquidations of approximately $2.2 billion in a span of twelve hours. This move stunned
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Bitcoin’s Hashrate Recovers and Hits New ATH at 182.01 EH/s

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The hashrate of Bitcoin mining reportedly has recovered and even hit an all-time-high, after massive crypto miners experienced an exodus out of China due to the suppression from the Chinese government. In May, Bitcoin (BTC)  miners were pushed to the wall as authorities made it clear that crypto mining was unwelcome in Chinese soil. BTC
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