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This Week in Crypto – BTC and ETH Survive CFTC’s Crackdown on Binance

This Week in Crypto – BTC and ETH Survive CFTC’s Crackdown on Binance

April 2, 2023 by Eric Lee

Many anticipated that the Commodity Futures Trading Commission’s (CFTC) move to sue the world’s largest exchange, Binance, and its boss Changpeng Zhao, would have caused the crypto market to tank. Instead, Bitcoin and Ethereum dropped briefly before recovering to trade at $28,120…

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MLB Team Nationals Still Promotes Terra Months Since Its Collapse

MLB Team Nationals Still Promotes Terra Months Since Its Collapse

April 2, 2023 by Eric Lee

Major League Baseball team, the Nationals, is still promoting the collapsed Terra ecosystem. This was evidenced during the team’s first home game earlier this week, where its official stadium, Nationals Park, had Terra’s branded seats and a huge sign outside the stadium….

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What is QuickSwap, and How Does it Work?

What is QuickSwap, and How Does it Work?

April 1, 2023 by Eric Lee

QuickSwap is a decentralized exchange (DEX) built on the Ethereum sidechain Polychain, letting users swap ERC-20 tokens. The platform was founded in 2020 by Sameep Singhania. It promotes decentralization principles by ensuring permissionless and trustless crypto trading. QuickSwap provides liquidity pools for…

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US Government Sells $210M in Seized BTC, Plans to Dump Another $1B

US Government Sells $210M in Seized BTC, Plans to Dump Another $1B

April 1, 2023 by Eric Lee

The crypto market may be filled with great uncertainty at the moment, but the US government is still making millions from Bitcoin sales. That’s according to a document submitted to the court on Friday showing that the Feds sold BTC in mid-March,…

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Coinbase CEO Opposes planned Move to stop ChatGPT Development

Coinbase CEO Opposes planned Move to stop ChatGPT Development

April 1, 2023 by Eric Lee

Brian Armstrong, the CEO of America’s largest crypto exchange, Coinbase, has spoken out against tech gurus who want ChatGPT’s upgrades temporarily suspended. In a tweet, Armstrong said stopping the development of ChatGPT is a bad idea. Elon Musk and Other Tech Gurus…

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XRP Rallies as Investors Hope Ripple Defeats the SEC

XRP Rallies as Investors Hope Ripple Defeats the SEC

April 1, 2023 by Eric Lee

Most tokens have been in the red this week, but one is surging. Ranked the 6th largest crypto asset by market cap, XRP has risen by more than 22% over the past seven days. It is currently priced at $0.52, according to…

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Ethereum Vs. Solana – Which Blockchain is Better for Minting NFTs?

Ethereum Vs. Solana – Which Blockchain is Better for Minting NFTs?

March 31, 2023 by Eric Lee

If you are finding it tough to decide between Ethereum or Solana for your NFT minting, this article is for you. I will be exploring each blockchain’s capacity, strengths, and weaknesses to help you make an informed decision. Ethereum: Ecosystem, Marketplace, and…

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Citi Claims CBDCs and Tokenization will Drive Mass Adoption of Crypto

Citi Claims CBDCs and Tokenization will Drive Mass Adoption of Crypto

March 31, 2023 by Eric Lee

Citi has claimed that the crypto industry is nearing a turning point that would see the number of users surge to a billion and the total market capitalization hit trillions of dollars. Citi analysts’ latest report, titled ‘Money, Games, and Tokens: Blockchain’s…

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SEC, CFTC, IRS, DOJ – Here are the Ongoing Investigations Into Crypto Exchange Binance

SEC, CFTC, IRS, DOJ – Here are the Ongoing Investigations Into Crypto Exchange Binance

March 31, 2023 by Eric Lee

The world’s biggest crypto exchange by volume, Binance, is no stranger to clashing with various regulators around the globe. However, things seem to be getting hot recently, as investigations that have lasted for years are now leading to formal charges. Trouble With…

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What is Arbitrum? – Scaling Ethereum Using Optimistic Rollups

What is Arbitrum? – Scaling Ethereum Using Optimistic Rollups

March 30, 2023 by Eric Lee

Ethereum is known to be a reliable, decentralized network that supports smart contracts coded using a programming language that many Web3 developers understand. It also hosts several successful decentralized finance (DeFi) projects. However, the network is expensive and considerably slow. It is…

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Blocktrace Develops AI Chatbot to Ease Blockchain Transaction Tracking

Blocktrace Develops AI Chatbot to Ease Blockchain Transaction Tracking

March 30, 2023 by Eric Lee

It is quite challenging to scan and analyze a blockchain, especially when sorting through millions of transactions and thousands of addresses. But Blocktrace, an Austin-based company, is hoping that an (AI) artificial intelligence technology can ease the blockchain analysis process. Software engineer…

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y00ts NFTs Worth $37M Migrate From Solana to Polygon in a Day

y00ts NFTs Worth $37M Migrate From Solana to Polygon in a Day

March 30, 2023 by Eric Lee

y00ts is finally migrating to Polygon, and early data shows the NFT holders are supporting that move. As of this writing, over 80% of the NFTs have already migrated to their new home from Solana. Web3 startup DeLabs is the creator of…

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Daily Market Update – BTC Briefly Goes Above $29K

Daily Market Update – BTC Briefly Goes Above $29K

March 30, 2023 by Eric Lee

The total crypto market cap declined by 0.9% to $1.2 trillion after posting outflows of nearly $4.1 billion in the past day. Bitcoin’s market valuation declined from $548.8 billion to $543.9 billion, while the Ethereum market cap fell to $214 billion from…

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What is Virtual Land? – How NFTs are Shaping the Metaverse

What is Virtual Land? – How NFTs are Shaping the Metaverse

March 29, 2023 by Eric Lee

Many traditional investors consider Real estate a good investment. But what about digital real estate? NFTs (Non-Fungible tokens) representing virtual land have made headlines since the birth of the metaverse, with some selling for over a million dollars. Virtual land is the…

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Experts Say CFTC’s Lawsuit is Unlikely to Prevent Binance From Acquiring Voyager

Experts Say CFTC’s Lawsuit is Unlikely to Prevent Binance From Acquiring Voyager

March 29, 2023 by Eric Lee

A lawsuit leveled by the CFTC (Commodity Futures Trading Commission) against Binance on Monday had a significant effect on the market as cryptocurrencies like BTC and ETH dropped. However, legal experts have claimed it won’t substantially impact the ongoing Voyager bankruptcy case….

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Daily Crypto Market Update – Bitcoin Breaks $28k Once Again

Daily Crypto Market Update – Bitcoin Breaks $28k Once Again

March 29, 2023 by Eric Lee

The crypto market has seen $70 million in inflows over the past day. The total market cap is up 5.4% to $1.22 trillion. Bitcoin’s market valuation rose by 5.78% to $547.89 billion, while that of Ethereum surged 5.6% to $221.56 billion. All…

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What are ERC-20 Tokens, ETH and Gas? – Ethereum’s Architecture Explained

What are ERC-20 Tokens, ETH and Gas? – Ethereum’s Architecture Explained

March 28, 2023 by Eric Lee

To better understand how the Ethereum network works, you must first know these three components: ETH, ERC-20 tokens, and gas. They collectively power the network, let developers create their own tokens on the Ethereum blockchain and incentivize validators. What is ETH? The…

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dYdX Announces Launch Date For Migration to Cosmos

dYdX Announces Launch Date For Migration to Cosmos

March 28, 2023 by Eric Lee

On Monday, dYdX revealed the launch of the V4 private testnet, a massive milestone that will see the DEX (decentralized exchange) leave the second-largest blockchain, Ethereum. dYdX also announced that the platform will start running on Cosmos by the end of September….

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“Flatcoin” Developers Respond to Coinbase’s Call to Build on Base Network

“Flatcoin” Developers Respond to Coinbase’s Call to Build on Base Network

March 28, 2023 by Eric Lee

Coinbase has continued to lure developers into building various projects in its layer-2 network called Base. This time around, the leading crypto exchange in the United States is targeting creators of flatcoins, stablecoins that are not pegged to fiat currencies like the…

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BNB Falls 5% Following CFTC Lawsuit Against Binance and CEO CZ

BNB Falls 5% Following CFTC Lawsuit Against Binance and CEO CZ

March 28, 2023 by Eric Lee

Binance’s BNB token has posted losses in the past 24 hours after charges were filed against the company and its CEO Changpeng ‘CZ’ Zhao by Commodity Futures Trading Commission (CFTC). The exchange’s native token saw a drop of 5.5%, becoming the biggest…

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Name	Price	24H (%)
Bitcoin (BTC)	$62,600.00	-2.00%
Ethereum (ETH)	$1,688.27	-5.22%
Tether (USDT)	$1.00	-0.01%
BNB (BNB)	$585.19	-3.07%
XRP (XRP)	$1.12	-5.32%
Cardano (ADA)	$0.164306	-16.40%
Chainlink (LINK)	$7.67	-5.71%
Litecoin (LTC)	$44.46	-3.93%
Polkadot (DOT)	$1.00	-5.03%
Uniswap (UNI)	$2.54	-6.25%