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Stableecoins increase demand

Stablecoins play an increasingly important role in both crypto markets and traditional funding, according to a Wall Street Giant Citigroup Friday report. As stableecoin use grows, their demand for short-term US treasuries, although substitution from money market funds can limit the net effect, the report said. Legislation considered in Congress could further anchor this trend

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Ethereum upgrades have failed to increase network activity in meaningful way: JPMorgan

Ethereum Blockchain has not yet seen a significant increase in activity despite consecutive upgrades, Investment Bank JPMorgan (JPM) said in a research report. “Neither the number of daily transactions nor the number of active addresses saw a significant increase after recent upgrades,” analysts wrote by Nikolao’s Panigirtzoglou in the Wednesday report. Nevertheless, the total value

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FTX -Back Payments may have positive market impacts this time: Coinbase -Analysts

The FTX Recovery Trust will start distributing over $ 5 billion in cash and stablecoins to creditors starting on Friday, with funds expected to land in accounts within the next three working days via Bitgo and Kraken. And there is a chance that this wave of repayments will help lift the Crypto market, analysts at

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Bitcoin slides under $ 104k, Kryptos slides as customs tensions in US-China flare up

The markets turned red on Friday on renewed customs related concerns. Bitcoin is down 2.1% over the past 24 hours, shopping just over $ 104,000 after cards hit a session low of $ 103,900. Coindesk 20 – an index of the 20 best cryptocurrencies at market value, except for stableecoins, memcoins and exchange coins –

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Avax cuts 7%before establishing strong resistance of $ 22.35 level

The cryptocurrency market is experiencing significant downward pressure as global economic uncertainties affect digital assets everywhere. Avalanche (AVAX) has been particularly affected with increased sales that occur at high volume, which establishes strong resistance of $ 22.35 level. New Jersey’s Bergen County announced on Wednesday that it plans to digitize all property rights on the

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