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Crypto-Market-Retraces-Leading-Up-to-IRA-Implementation
Crypto Market Retraces Leading Up to IRA Implementation

Despite a bullish weekend, the crypto market is experiencing a retracement. This may be due to the imminent promulgation of the Inflation Reduction Act. Regardless, crypto investors are filling their bags. The cryptocurrency market is currently suffering a retracement despite an impressive weekend, where most of the leading coins and tokens were able to recapture bullish territories. For instance, Bitcoin (BTC) is back at $24,100 despite briefly touching the $25,000 ceiling. Ethereum (ETH) is also changing hands at $1,901.40 at the time of writing despite hitting $2,000. This is despite the fact that the number of ETH holders is increasing

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Revolut-to-Offer-Crypto-Services-in-Cyprus
Revolut to Offer Crypto Services in Cyprus

Cyprus has granted Revolut the first cryptocurrency license. Revolut also announced that it was doubling down on its crypto strategy. A number of other significant global cryptocurrency startups are based in Cyprus. Revolut has received the first cryptocurrency permission from the Cyprus Securities and Exchange Commission, creating a new European crypto-asset hub to serve its 17 million European consumers with further cryptocurrency services. As the EU’s new crypto regulatory guidelines MiCA take effect, the neo banking platform-turned-“super app” is establishing its European base, but it is still pursuing a license from the UK’s Financial Conduct Authority. Revolut will be able

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Bitcoin Hits 25K, Can Soar to 28K, Analyst Says
Bitcoin Hits 25K, Can Soar to 28K, Analyst Says

Bitcoin hits $25,000 level for the first time in nine weeks. The largest cryptocurrency retested $25k thrice before staying at 24k level. Yesterday’s increase has received mixed comments from financial analysts. On late Saturday, Bitcoin hit the $25,000 level for the first time since June 13. The largest cryptocurrency by market capitalization retested the $25,000 resistance level three times after drawing back to $24,000 level. This means that $25,000 is the new key resistance level for BTC. Even though Bitcoin has slowly walked up from the 20,000 level to 24,000, the largest cryptocurrency is still down 64% from its November

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Binance-Receives-Approval-to-Operate-in-Kazakhstan
Binance Receives Approval to Operate in Kazakhstan

Agencies in Kazakhstan have taken down a number of bitcoin mining equipment. The AFSA granted Binance an in-principle authorization. Binance announced that it had received clearance. Several cryptocurrency mining rigs have been taken down by Kazakh law authorities. The government was compelled to investigate due to the rapid increase in mining activities. The nation has been working hard to stop cryptocurrency-related fraud. In the middle of this, it chose to annex the biggest cryptocurrency exchange in the world. The Astana Financial Services Authority [AFSA] granted Binance an in-principle authorization to conduct business in Kazakhstan, according to a statement. Changpeng Zhao,

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Acala Hacker Mints $1.2 Billion aUSD Out Of Thin Air
Acala Hacker Mints $1.2 Billion aUSD Out Of Thin Air

The Acala hack saw over a billion aUSD stablecoins minted from thin air. Some other functions have also been halted till further notice. The Polkadot-based stablecoin alpaca USD (AUSD)recently lost its peg. Acala, the decentralized finance (DeFi) center for Polkadot, was significantly attacked on Sunday against its brand-new liquidity pool. The hacker was able to create more than 1.2 billion aUSD, the project’s stablecoin, thanks to the flaw. The Acala team informed users on Twitter shortly after the attack that the vulnerability was the result of a “misconfiguration of the iBTC/aUSD liquidity pool.” The project claims that the incorrect setup

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The-date-for-the-Ethereum-Merge-is-officially-confirmed!
The Ethereum Merge’s Date Has Been Formally Announced!

Ethereum developers officially confirm the date for the merge. The new date for the merger is roughly in line with a late-August timeline proposed by founder Vitalik Buterin earlier this year. The merger has become a dominant narrative in the crypto space in recent weeks. With the merge, Ethereum will go from a proof-of-work consensus model to a proof-of-stake consensus model, drastically reducing its environmental effect and increasing network efficiency. The timetable for going live with the merging on the Ethereum blockchain has, however, been postponed multiple times due to the intricacy of the project. The team working on the

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The-Netherlands-arrests-Tornado-Cash-Developer-(1)
The Netherlands arrests Tornado Cash Developer

A developer connected to the authorized Tornado Cash has been detained. FIOD began investigations in June, multiple arrests have not been ruled out. The U.S. Treasury sanctioned Tornado Cash on August 8. According to a Fiscal Information and Investigation Service statement, a 29-year-old developer allegedly connected to the authorized Tornado Cash protocol was detained in Amsterdam on Friday (FIOD). Tornado Cash is an Ethereum-based crypto mixing service that allows users to gain a cloak of anonymity when transferring crypto assets. On Monday, the U.S. government sanctioned the service for assisting criminals in laundering stolen money. FIOD began investigations in June,

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Shib-Keeps-RSI-and-Macd-Uptrend-Position,-Is-Price-Surge-Nearing
Here’s How Shib Can Reach $0.00002 After Smashing ADA’s Market Rate

SHIB records a +24.5% in the past 30 days Shiba Inu may reach $0.00002 sooner than expected Ethereum price surges amid bearish market Despite the carnage that the cryptocurrency market is experiencing, SHIB maintains its uptrend position against the bears. Specifically, SHIB records a +24.5% in the past 30 days, overtaking the famous Cardano in terms of growth rate. The continued adoption of crypto whales is a factor to consider in the ongoing price of SHIB. According to watcher guru, there are wallets that hold almost 5% of the total circulation of Shiba Inu. Source: TradingView As seen in the chart

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How-high-can-$ETH-go-leading-in-to-the-merge
Will Ethereum Price Reach $4K as ETH Merge Closes In or Will It Decline?

ETH may reach new ATH Ethereum is close to breaking $2000 Developers aim to complete ETH merge on September 19, 2022 As days go by, the most anticipated Ethereum merge comes closer. The cryptocurrency developers are forecasted to complete the merge on September 19, 2022. The event thrilled traders and crypto analysts about the potential surge of the price of ETH in the coming days. Some are bullish that ETH may reach new ATH, while others hold their horses while waiting for the final result. Source: TradingView Despite the bearish market, Ethereum is able to prevail in defying the dragging

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Falling-US-Inflation-Rate-Proves-Boon-for-Crypto-Market
Falling US Inflation Rate Proves Boon for Crypto Market 

The US inflation rate is below its 8.7% estimation.  Many are relieved to see this, especially those hoping for a crypto market surge.  The crypto community is convinced that a crypto price surge is on its way. Crypto community justifies how the fallen US inflation rate will boost crypto activity. The community claims that since the US inflation rate has come back to below estimate, crypto investing and trading will be on the rise again.  Recently, the US CPI announced that its inflation rate fell from a high of 9.1% in June to 8.5% in July. This is especially significant

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MATIC-Goes-Green-as-Polygon-Hosts-Over-37K-DApps
MATIC Goes Green as Polygon Hosts Over 37K DApps

The Polygon Network has doubled the DApps on its platform since March. At the moment, Polygon hosts over 37,000 DApps. The price of its native token MATIC is showing bullish signs. The Polygon Network has doubled its number of DApps since March and quadrupled its number since the start of the year. In detail, the network is now home to over 37,000 DApps. This number is according to Alchemy, the world’s leading web3 development platform.  From the tweet above, we can see that the crypto community is excited by the growing number of DApps in web3. Some of the responses

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Ethereum’s-Goerli-Testnet-Transitions-to-Proof-of-Stake-(PoS)
Ethereum’s Goerli Testnet Transitions to Proof-of-Stake (PoS)

Goerli testnet successfully merges to proof-of-stake (PoS). Ethereum’s upgrade has caused the price of ETH to break the $1,800 level. The price of ETH is at $1,894.07 at the time of publication. Goerli, Ethereum’s largest testnet, successfully completed the move to a Proof-of-Stake (PoS) system late Wednesday. At around 1:45 UTC, the shift happened by the time the Terminal Total Difficulty (TTD) hits 10,790,000. This historic shift was made possible through a series of tests completed by the developers. All are now watching closely the final merge, which was expected to transpire this coming September. However, many people believe that

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