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Circle, the stablecoin issuer, has recently announced its plans to expand the minting of USD Coin (USDC) directly on the Polygon network. This move aims to enhance accessibility and efficiency for users and developers utilizing the Ethereum layer-2 scaling solution. Improving Accessibility with USDC on Polygon Stablecoins have gained significant popularity in the cryptocurrency world
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The Financial Conduct Authority (FCA) in the United Kingdom has taken action against Binance’s local partner, Rebuildingsociety.com, by restricting its ability to approve financial promotion content from unauthorized individuals or entities. This move highlights the ongoing regulatory challenges faced by Binance in the UK market. According to information posted on the FCA’s website, Rebuildingsociety.com must
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The past week has seen Ethereum’s native token, Ether (ETH), face an 8.2% decline in its price. Several factors have contributed to this decrease, including changes to Ethereum’s coin issuance mechanism, sales by Vitalik Buterin, and a disappointing first week for the futures-based exchange-traded fund (ETF) instrument. In 2022, the Ethereum network underwent significant upgrades
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ApeCoin (APE) recently experienced a significant reversal, with the cryptocurrency plunging nearly 20% below its immediate support zone. This sharp decline occurred alongside a surge in trading volumes, leaving APE exposed to further declines as traders speculate on the battle between bears and bulls. Initially, APE rallied to a local high of $1.288 on October
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Bitcoin price is showing positive signs as it holds gains above the $27,450 zone. The cryptocurrency is currently trading above $27,800 and the 100 hourly Simple Moving Average (SMA). However, there is a short-term declining channel forming with resistance near $27,980 on the BTC/USD hourly chart from Kraken. Despite this, Bitcoin could potentially revisit the