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PayPal incentivizes people to provide PYUSD liquidity on the curve

In a historic move, payment processor PayPal has promoted PYUSD liquidity on Curve Finance, the world’s largest decentralized stablecoin exchange (DEX) by trading volume. PayPal promotes PYUSD liquidity via Curve This development, first reported by Stake DAO on January 10, has sent shockwaves through the crypto community, with many experts predicting that Curve is poised…

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The adoption trend of Dogecoin and Cardano in 2024 continues in 2023

Data shows that Dogecoin and Cardano are among the assets that continued to show the same adoption trend this year through 2023. Dogecoin and Cardano recorded wallet growth in the first week of 2024 In a new article about The relevant indicator here is the “Total Holders,” which tracks the number of wallets of any…

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Crypto exchanges see Bitcoin deposit boom amid Ethereum withdrawal

According to recent data, the amount of Bitcoin held on centralized cryptocurrency exchanges increased by 32,058 Bitcoin over the past month. At the same time, Ethereum reserves on these exchanges have decreased as 262,904 Ether worth $597.42 million have been withdrawn from trading platforms since December 4, 2023. Bitcoin Rises as Ethereum Falls in Latest…

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IRS Free To Collect Crypto Gains After This Controversial Tax Law Takes Effect

The controversial tax law that requires U.S. citizens to report crypto transactions of $10,000 or more has taken effect, giving the IRS a major new source of data on crypto users. The law, included in the Infrastructure Investment and Jobs Act, is now in effect as of January 1, 2024.The IRS Is On The Wings…

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Bitcoin Coinbase Premium Soars: What It Says About $45,000 Breakout

Data shows that the Bitcoin premium on Coinbase has soared amid the recent rally. Here’s what that says about the source of the increase. Bitcoin Coinbase Premium Spread Turned Extremely Positive As Maartunn, community manager of CryptoQuant Netherlands, points out in a new post The “Coinbase Premium Gap” is an indicator that tracks the difference…

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Bitcoin-Based NFTs See Record $881,223,753 Worth of Sales in December

Non-fungible tokens (NFTs) on the Bitcoin (BTC) blockchain saw blockbuster sales in the month of December, according to on-chain data. According to data obtained from blockchain data aggregator CryptoSlam, Bitcoin NFT sales reached over $881 million in sales last month, a new high for 2023. BTC NFT sales obliterated the previous sales record of $375 million…

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Ripple Developers Launches Meme Contest on Holiday Community Boost

Developers at Ripple Labs Inc. recently started a meme contest as part of their year-end community engagement efforts. Ripple Developer Meme Contest RippleX, the open platform for XRP Ledger developers, has introduced a unique and fun challenge for its developers and community members called #builtonXRPL Challenge. This initiative adds a touch of humor and creativity…

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Ethereum Layer-2 Transactions Soar 330% in 2023, ARB and OP Take Lead

Ethereum Layer 2 transactions soared by more than 330% in 2023 compared to last year. In recent months, Ethereum scaling solutions have seen a notable increase in interest, marked by the frequent introduction of the new Layer 2 (L2). One of the latest players in this dynamic landscape is Coinbase’s Base L2, which has caught…

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Hong Kong regulator prepares to approve cash-in-kind Bitcoin ETFs

Hong Kong’s financial regulator has published rules for issuers of spot bitcoin exchange-traded funds (ETFs), allowing the use of both cash and in-kind creation models. This approach contrasts with the US Securities and Exchange Commission (SEC), which insists on the exclusive use of the money creation model for spot bitcoin ETFs. Hong Kong publishes Bitcoin…