Crypto market

The-USA-Leads-Crypto-Adoption-Race-With-46m-Users
The USA Leads Crypto Adoption Race With 46m Users

Cryptocurrency has the potential to be an important part of the future. The USA is leading in the adoption race. Rising acceptance rates in Africa also is being advised. In spite of the fact that cryptocurrency has the calling to be a vital part of the future, many organizations, states and individuals remain hesitant to accept this new type of currency. However, as crypto usage continues to surge, finance cryptocurrency has helped countries catch up with the leading crypto adopters such as the USA and India. Crypto is a competitive marketplace for everybody, and access is not restricted to a

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UK-Inflation-Anticipated-to-Reach-18
UK Inflation Anticipated to Reach 18.6%

The UK’s inflation might rise to 18.6%, which would be a 50-year high. The surge in July was mostly caused by rising food costs The office of the prime minister is proposing household supporting policies. According to the most recent Citigroup prediction, the UK’s inflation might reach a near 50-year high of 18.6% early next year as a result of skyrocketing wholesale gas costs, writes Andrew Michael. Individuals have gone ahead to give out their views suggesting it could be the same reason as to why they haven`t seen any bull run lately. It however now makes sense to them

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BUSD-is-now-the-6th-largest-crypto-by-market-value
BUSD is now the 6th largest crypto by market value

Binance USD(BUSD) is gathering steam as of late. BUSD is now the sixth largest cryptocurrency by market value. It’s feasible that XRP could reclaim its throne once more. Binance USD(BUSD) is recently gaining momentum as it goes further up the top 10 list of largest cryptos by market value. XRP, on the other hand, tumbled down the list after losing more than 8% of its value in just a span of 24 hours. BUSD is 100%, reserves-backed by both fiat cash in dedicated, insured omnibus accounts at U.S. banks1 and/or repurchase agreements and money-market funds invested in U.S Treasury bills.

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UK-inflation-hits-a-new-40-year-high-of-10
UK inflation hits a new 40-year high of 10.1%

In July, the UK’s inflation rate increased sharply to 10.1%. Consumer price inflation has been driven by higher food prices. British central bank predicted the future of the rates. UK inflation accelerated more than expected last month to the highest in 40 years, intensifying a squeeze on consumers and adding to pressure for action from the government and Bank of England. The Consumer Prices Index rose 10.1% in July from a year earlier after a 9.4% gain the month before, the Office for National Statistics said Wednesday. The reading was higher than expected by both the BOE and private-sector economists. 

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Binance CEO CZ Highlights: ‘Crypto Is Dead’ Says Liars
Binance CEO CZ Highlights: ‘Crypto Is Dead’ Says Liars 

Blockdata analytics confirms that many traditional finance companies are already in crypto. Binance CEO Changpeng Zhao (CZ) highlights this data saying many are silent adopters.  Another user on Twitter uses the same data to imply that only liars say ‘cryptio is dead’. An interesting observation caught the eyes of many within the crypto community. According to Blockdata analytics, it seems that most traditional services have already begun investing in crypto companies. This shows clear signs of supporting crypto adoption as these companies offer crypto products and services.  Binance CEO — Changpeng Zhao (CZ), tweets the analytics and highlights how many

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Crypto Analyst Predicts Bitcoin (BTC) to Flow Soon
Crypto Analyst Predicts Bitcoin (BTC) to Flow Soon

A renowned crypto analyst says Bitcoin will flow soon.  This is likely because stock patterns are reaching that of its 2021 performance.  In comparison, Bitcoin (BTC) could be showing the same patterns. PlanB has once again created a stir within the Twitter crypto community. This time, the long time Bitcoin (BTC) and crypto trader, analyst, and investor goes on the compare the present performance of stocks to that of Bitcoin (BTC). In detail, @100trillionUSD draws the attention of the Twitter crypto community with a new chart that highlights the performance of investments since 2011. Specifically, the analyst predicts that stocks

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Shiba Inu surpasses Dogecoin’s Twitter followers
Shiba Inu surpasses Dogecoin’s Twitter followers

Shiba Inu Flips Dogecoin on Twitter Shiba Inu now boasts a total of 3,441,546 (3.44M) followers Dogecoin is followed by 3,439,826 (3.43M). Shiba Inu (SHIB) has eclipsed Dogecoin (DOGE) as the most popular canine-themed cryptocurrency on Twitter. This followed SHIB’s extraordinary performance on August 14, 2022 (Sunday), when it increased by more than 30% in a single day. Shiba Inu has overtaken Dogecoin as the most popular cryptocurrency with a canine motif on Twitter, according to real-time data on Twitter follower counts. Shiba Inu now has 3,441,546 (3.44M) Twitter followers, compared to Dogecoin’s 3,439,826 followers (3.43M). Dogecoin was highly popular

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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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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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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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Cardano-Speeds-up-Network-Upgrades,-Gears-To-Hit-$1-Soon
Polygon Joins Coca-Cola in Celebrating International Friendship Day

Coca-Cola launches its first-of-a-kind and shareable collectibles on Polygon Polygon remains in the market’s top 20 cryptocurrencies Coca-Cola celebrates international friendship day Celebrate international friendship day with Coca-Cola as it launches its first-of-a-kind, generative and shareable collectibles on Polygon. Fans can enjoy the collectible’s unique share to reveal functionality, where each artwork will reveal after being shared with a friend.  The company also wants to thank its fans for supporting its journey toward the metaverse. The newly designed Coca-Cola collectibles are one of the tokens of appreciation that the company will give to all its supporters globally.  Pratik Thakar, Head

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