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Cardano’s [ADA] development update is sure to leave you spellbound

Several promising developments happened in the Cardano ecosystem last week  However, metrics were not supporting ADA’s price recovery Input Output Global recently posted weekly statistics of the Cardano [ADA] ecosystem, which revealed quite a few interesting updates. The tweet mentioned that the total number of transactions on the blockchain reached 55.3 million, which was commendable. Moreover, the total number of native tokens had almost reached seven million. ICYMI: Our weekly #Cardano development update is live...

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Why Bitcoin dollar-cost-averaging could be your best bet in current market

 Bitcoin has continuously dropped over the last couple of weeks, largely due to the FTX crash Institutional investors like the Purpose Bitcoin ETF Holdings have not yet bought back despite the discount. The latest Bitcoin (BTC) crash has done more harm than good to investors’ sentiment. Those that have been closely watching the market may have observed that investors are rather shy about buying back. If you find yourself in the same boat, here are some considerations that may help you have...

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Binance Confident to Raise $2 Billion for Its Crypto Recovery Fund

Ever since the collapse of the crypto exchange FTX, Binance chief Changpeng Zhao has been actively working to set up a recovery fund to help distressed, yet fundamentally strong firms. Besides, Binance has also doubled its fundraise plans from $1 billion to now at $2 billion. During his interview on Thursday, November 24, Zhao said that the crypto recovery fund will have co-investors to back crypto projects facing a liquidity squeeze. “We’re going with a loose approach where different industry...

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A $300M addition for Ethereum Classic [ETC] is a sign of…

Ethereum Classic whales are back, but momentum is off to a slow start Ethereum Classic [ETC] briefly joined the list of the market’s top gainers in the last 24 hours. Many altcoins have found favor with the bulls this week, with quite a few enjoying a bit of an upside too. This rally was backed by a sizeable hike in its market cap too. Now, while that may not seem very important, here’s why it is quite the contrary. Read Ethereum...

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What these BAYC sales tell us about the NFT space’s status

The NFT space has been badly affected by the decline and bearish trend of the crypto-market The dominance and recent record sales of BAYC NFTs, however, established that NFTs are far from done The demise of high-profile endeavours like Terra and FTX has not helped the situation. According to some, even more damage appears to have been done to the Non-Fungible Token (NFT) space, with some commentators even declaring the end of NFTs. On the contrary, a recent Bored Ape Yacht...

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MakerDAO’s removal of ‘bad debt’ might be a good thing for users

MakerDAO has liquidated a few of its vaults to reduce risk and exposure to bad debt Whales continue to show interest in the token, despite its TVL declining After the FTX debacle, many in the crypto-community have put their faith in DEXs. It is against this background that MakerDAO announced that it will be liquidating multiple vaults to minimize risks. Read MakerDAO’s [MKR] Price Prediction 2022-2023 No risky business In a tweet, MakerDAO laid out its plan...

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