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Cardano (ADA) to Launch Algorithmic Stablecoin in Early 2023 Cardano (ADA) is set to unveil its first algorithmic stablecoin, Djed, and integrate it with 40 applications within the Cardano ecosystem starting January next year. It's official! $Djed will launch on the Cardano Mainnet in January 2023! 🚀$Coti $Ada
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Review of Last Week’s Trades DYDX 1D Chart of DYDX/USDT on Binance Futures, Screenshot from TradingView on the evening of 11/20/2022 The price subsequently retraced (1H frame) back to the entry point, and if you followed the plan, profits ranged from approximately 15% to 25% depending
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Input Output Global (IOG), the company behind the Cardano blockchain, is set to launch a new privacy-focused blockchain named Midnight, along with its accompanying token. Hello Midnight https://t.co/Dy3BK45qUs welcome to Cardano — Charles Hoskinson (@IOHK_Charles) November 18, 2022 According to information listed on their website, Midnight is
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On the evening of November 19, stablecoin issuer Tether announced a significant move: transferring $1 billion USDT from the Solana blockchain to Ethereum. Tether emphasized that this transfer is merely a change of blockchain for USDT and will not impact the overall supply of the stablecoin. Graphic showing the USDT
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The GBTC (Grayscale Bitcoin Trust) shares have reached a historic low, trading at a 43% discount to Bitcoin, following news that Genesis Trading, a sibling company of Grayscale, has halted withdrawals due to its exposure to the FTX collapse. According to data from yCharts, the discount between GBTC shares and
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Sui Network, a layer-1 blockchain created by former Meta (formerly Facebook) employees, has officially launched its testnet. Testnet Wave 1 is designed for validators and all nodes, serving as a "rehearsal" environment to enhance decentralization, address issues, and identify a core group of experienced node operators for deployment,
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After a period of silence, El Salvador's President Nayib Bukele has resurfaced in the crypto space with a renewed call to "buy Bitcoin." On November 17, President Bukele announced on Twitter that his country will resume its Bitcoin purchasing strategy, acquiring an additional 1 BTC daily
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Statistics reveal that hundreds of millions of dollars have been wiped out from Solana’s DeFi ecosystem following the catastrophic collapse of FTX. In its peak period in November 2021, the DeFi ecosystem on Solana boasted over $10 billion in assets, thriving under the leadership of billionaire Sam Bankman-Fried, the
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On the evening of November 13th, despite the overall market crisis, the price of AXS unexpectedly surged 3x before quickly dumping right after. In the span of a single day, AXS price was driven down to as low as $4 before skyrocketing to nearly $20, and is now stabilizing around
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Review of Last Week's Trades Hey everyone, last week was filled with continuous drama surrounding the FTX exchange and we saw some very negative market reactions. Because of this, I decided to sit on the sidelines and observe rather than trade. It's a pity we had
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Aptos is teaming up with Google Cloud as the tech giant deepens its foray into the Web3 space. Partnership Details Hot new Layer-1 blockchain Aptos has announced a partnership with Google Cloud. At the Token2049 London event, Aptos co-founder and CEO Mo Shaikh revealed the collaboration details with Simon Baksys,
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StarkNet Foundation will focus on grants, funding, and protocol research while decentralizing the network. StarkNet, the Ethereum scaling protocol, has announced the launch of its new governance entity, the StarkNet Foundation. This organization will handle grants and funding for new StarkNet protocols, aligning with Ethereum’s decentralized and open-source principles.
