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Cryptocurrency
Using Tornado Cash to Maximize Your Cryptocurrency Security
In the world of cryptocurrency, security is of utmost importance. As the value of cryptocurrencies continues to rise, the risks associated with holding them also increase. One way to enhance the security of your cryptocurrency holdings is by using Tornado Cash, a privacy-focused Ethereum mixer. In this article, we will discuss what Tornado Cash is, how Tornado Cash works, the advantages of using it for privacy, and how to track…
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Cryptocurrency
George Soros Increases Bitcoin Investments
Hungarian-American billionaire George Soros’ investment firm, Soros Fund Management, has been rapidly expanding its investments and exposure to cryptocurrency companies, as revealed by filings with the U.S. Securities and Exchange Commission (SEC). For instance, $39.6 million was invested in debentures of Bitcoin miner Marathon Digital Holdings alone! George Soros Invests In MicroStrategy With A Lot Of Bitcoin On Hand The quarterly report, Form 13F, uncovered that Soros‘ fund took ownership…
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Finance
Cardless Cash Withdrawals are Powering the Indian Payment Industry
The pandemic played an important role in boosting India’s payments sector making digital payments ubiquitous across the nation. Micropayments via UPI have become the norm across the length and breadth of the country. This unprecedented digital transformation got a further fillip with the recent RBI directive on interoperable cardless cash withdrawals at ATMs using UPI. A circular issued by the Reserve Bank of India (RBI) on May 19, 2023, stated, “All banks, ATM networks,…
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Cryptocurrency
Paxos News Costs Binance Nearly $1 Billion
Yesterday, the cryptocurrency market trend declined after Paxos announced it would temporarily stop issuing Binance USD (BUSD). Despite recovering slightly around noon, Binance Coin (BNB) continued the week in a slump. Dune Analytics reported that on February 13th, a colossal fund outflow of almost $1 billion was observed from the Binance platform. US Regulators’ Actions Are Putting Pressure on Binance In recent weeks, the US regulatory bodies have initiated numerous…
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Cryptocurrency
DCG Commenced Dumping its Grayscale Shares With Nearly 50% Discount! What Does it Mean?
As the business has started to sell off its Grayscale shares at over a 50% discount, the problems at Digital Currency Group (DCG) appear to be reaching a breaking point. Investors are worried about this decision since there has been much conjecture in the cryptocurrency world about how it would affect the market. What could be the Reason Behind DCG ’s Movement? After Genesis declared bankruptcy last month, it became…
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Cryptocurrency
Unlocking the Secrets of Lido DAO: What You Need to KnowDAO
Lido DAO is a decentralized autonomous organization (DAO) that has been making waves in cryptocurrency. It is a unique platform offering several benefits to its users, quickly gaining traction among cryptocurrency enthusiasts and investors. In this article, we will explore the secrets of Lido DAO and take a closer look at KnowDAO, What Lido Coin is, Lido Coin Founders, and Lido Coin Price. KnowDAO is a term used to describe…
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Cryptocurrency
Bitcoin Miners Revenue Increased by 27% in January
According to a ForkLog analysis, bitcoin miners accumulated $604.6 million in January – an impressive 27% increase from December! The Profitability of Bitcoin Miners Is Increasing, But That’s Not All In January, the cost of Bitcoin transaction fees jumped 127%, from $0.62 to an average fee of $1.41; Ethereum’s grew 55% within this same period – soaring from $2.93 to a staggering $4.54 price tag. As prices recovered, so too…
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Cryptocurrency
A Youtuber Lured an MMA Fighter into Making a Fake NFT Ad
Dillon Danis, the renowned American MMA athlete, created controversy when Coffeezilla a cryptocurrency researcher and YouTube star. Exposed that he had received $1,000 for promoting an illegitimate NFT project without informing his followers. The rise of non-fungible tokens (NFTs) in 2021 and 2022 was primarily due to support from various A-list celebrities; However, some still need to be publicizing fraudulent projects to fans with no confirmation as to if they…
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Cryptocurrency
Nexa Coin: A Game Changer in Digital Finance
Nexa is a proof-of-work UTXO Layer-1 blockchain with native tokens and smart contracts that can scale for global P2P distribution. By using hardware to scale, Nexa removes the two main bottlenecks to scalability: signatures and UTXO lookups, making it both more stable and faster to run. How Do Nexa Blocks Work? Nexa uses technologies such as Graphene, which reduces traffic load by distributing blocks more efficiently. Xthinner, a new block…
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Cryptocurrency
India ‘s Largest Retail Chain Now Accepts CBDC
As more and more countries explore their own digital currency, central bank digital currencies (CBDCs) are gaining momentum. Today’s headlines show us that India is leading the charge, with Reliance Retail – one of the country’s largest retail chains – announcing its acceptance of CBDC payments in stores across the nation. This move signals a monumental shift toward a cashless society as we enter an era where digital money reigns…
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