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1inch Network Raises $175M in Private Token Sale, Building DeFi Products for Institutional Investors

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Posted on December 1, 2021

1inch Network, a renowned decentralized exchange aggregator, announced it had successfully completed its Series B funding round where it raised the sum of $175 million. This particular funding round did not follow the conventional approach as it involved the protocol’s private token sale. As unveiled by the firm, Series B was led by Amber Group. Among

Bitcoin (BTC) hashrate recovers from China’s crackdown

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Posted on December 1, 2021

Earlier in the year when China renewed its hostilities towards the crypto industry, one metric that saw a negative effect of the crackdown was the Bitcoin mining hashrate that plummeted by more than 50% during this period largely because crypto miners were being pushed out of the Asian country. Bitcoin mining hashrate recovers from China

Croatia’s Top Supermarket Brand Now Accepts Crypto Payments

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Posted on December 1, 2021

The largest supermarket company in the European nation of Croatia, Konzum, says it is possible to buy all of its products online and pay with one of nine supported digital currencies. According to the company, the supported cryptocurrencies, including Bitcoin (BTC), ether (ETH), Bitcoin cash (BCH), EOS, DAI, Ripple (XRP), stellar lumen (XLM), tether (USDT),

$106M worth of Metaverse land sold last week: DappRadar

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Posted on December 1, 2021

Four blockchain-based Metaverse projects generated more than $100 million worth of virtual land NFT sales last week according to data from DappRadar. A Nov. 30 post from the decentralized application (DApp) analytics firm reported that between Nov. 22 and Nov. 28 activity was “booming” on The Sandbox, Decentraland, CryptoVoxels and Somnium Space with a combined

Binance CEO Changpeng Zhao Named as the Richest Ethnic Chinese Person: Caijing Reports

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Posted on December 1, 2021

Changpeng Zhao, the Chief Executive Officer of Binance cryptocurrency exchange, known on Twitter as ‘CZ’, has been tagged the richest ethnic Chinese person alive. This bold claim was made by local media outlet Caijing on Weibo. Despite the fact that the mainstream mainland media outfits refuse to report on these claims, various Chinese media have gained numerous

Crypto Exchange FTX Launches New Ethereum-Based NFT Marketplace

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Posted on December 1, 2021

Crypto exchange giant FTX is adding Ethereum-based non-fungible tokens (NFTs) to its arsenal of digital assets. The company tells its 330,000 Twitter followers that the Ethereum-based NFT marketplace is up and running, just two months after the launch of its Solana-based NFT platform. “We’re excited to expand our NFT marketplace, allowing users to buy, sell,

Crypto Analyst Nicholas Merten Makes Massive Ethereum Prediction for End of Bull Cycle – Here’s His Target

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Posted on December 1, 2021

Prominent crypto analyst Nicholas Merten says that top smart contract platform Ethereum (ETH) may grow another 325% before the current bull cycle comes to an end. In a new strategy session, the host of DataDash tells his 458,000 YouTube subscribers what he thinks it will take for Ethereum to eventually smash the $20,000 level. “If

Coinbase Launches Support for Little-Known Altcoin Project, Triggering Instant 78% Price Increase

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Posted on December 1, 2021

One under-the-radar altcoin is surging after a surprise listing by top US crypto exchange Coinbase. In a new blog post, Coinbase says that the Biconomy (BICO) token will start trading on Coinbase Pro later today once appropriate liquidity conditions are met. BICO is an Ethereum-based altcoin that powers Biconomy, a network that aims to cheaply

Polygon’s expanding ecosystem backs MATIC’s rise toward a new all-time high

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Posted on December 1, 2021

Layer-two (L2) solutions for the Ethereum network have become a popular topic of discussion and speculation on their associated tokens backed the massive rally seen in many of the protocols this year. The parabolic growth of the decentralized finance (DeFi) and nonfungible token (NFT) sectors also led to a surge in the cost of carrying

Ethereum-Based Altcoin Erupts 280% in Just Seven Days After Announcing New Gaming Partnership

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Posted on December 1, 2021

An altcoin that specializes in financial services is surging after forging a new partnership with one of the hottest metaverse games. The price of Request Network’s native token REQ exploded 280% to the upside as news spread that popular virtual world The Sandbox (SAND) had started using Request’s basket of accounting services. The altcoin rose

Author: admin