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Bitcoin, ether on track for a positive February despite mid-month drop and fading 2023 risk rally
Bitcoin and ether are on pace for a modest February win, even after suffering a big drop earlier in the month. Bitcoin had eked out a 0.2% gain for the month by 4:15 p.m. ET, according to Coin Metrics. In January bitcoin posted a 38% rise and its best month since 2021. Meanwhile, ether had risen higher by 1.7%,…
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Bitcoin’s 2023 rally gathers steam as cryptocurrency briefly tops $23,000
Bitcoin had a tough 2022. Now investors are looking toward 2023 with caution when it comes to cryptocurrencies.
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NFTs Are Going Big in Latin America Amid a Crypto Boom
With an increasing number of financial and political crises in recent years, Latin American citizens have found in crypto a powerful tool to cope with the instability. Now, non-fungible tokens (NFT) are booming in the region, with the goal of solving real problems and not speculation. High inflation has led millions of Latin Americans to…
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Ethereum’s Average Gas Fee Jumps More Than 80% Higher Nearing $5 per Transfer
26 days ago, Ethereum transitioned from a proof-of-work (PoW) network to a proof-of-stake (PoS) blockchain and after the change, the network’s fees remained low. This week, however, Ethereum’s gas fees have increased as data from October 10 shows the average fee tapped a high of $4.75 per transaction.
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Cryptocurrency News And Price Weekly Wrap-Up For Sept. 23
Cryptocurrency prices were down Friday, falling over a very busy week that included an interest rate hike and regulation efforts. The White House announced its regulatory framework for cryptocurrencies, the SEC claimed jurisdiction over Ethereum, and the IRS is going after crypto tax evaders. Meanwhile, JPMorgan (JPM) says increased interest rates should benefit Coinbase (COIN), which denied reports of…