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Top Chinese banks promote CBDC over local payment firms for shopping festival

Leading Chinese banks are promoting the digital yuan over Alipay and WeChat Pay for an upcoming shopping festival in China. Some of China’s largest state banks are actively promoting the digital yuan as a superior means of payment to the country’s two leading payment providers, Alipay and WeChat Pay. In an April 26 report, Reuters revealed…

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OKEx Insights + Catallact : Bitcoin Market Witness the Growth of Retail Participation as Institutional Investors Continue to Lead

The flagship cryptocurrency, Bitcoin continues to be the community’s favorite as its value hovers over $50000 while exhibiting strong potential for further growth. The positive sentiment surrounding BTC has increased overall community participation and attracted a lot of institutional investors. While it was speculated that trade volumes of institutional investors would surpass their retail counterparts,…

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TA: Ethereum Starts Fresh Surge, Here’s How ETH Could Rally to New ATH

Ethereum found support near $2,150 and started a fresh increase against the US Dollar. ETH price is showing positive signs and it could soon rally above $2,500. Ethereum formed a support base above $2,150 and recently started a fresh increase. The price is now trading well above $2,400 and the 100 hourly simple moving average….

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DeFi ecosystem now exceeds 2 million unique addresses

The total number of unique addresses (or wallets) in the decentralized finance (DeFi) space broke above two million today, according to crypto metrics platform Dune Analytics. The DeFi ecosystem exceeds 2 million addresses. Image: Dune Analytics Notably, the previous major milestone of one million addresses was achieved just a few months ago—on December 4, 2020,…

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Bitcoin ‘Fear and Greed Index’ reaches early pandemic levels of 2020

The “Crypto Fear and Greed Index,” a collective metric that measures current sentiments on the cryptocurrency market, swiftly swung from “Extreme Greed” (79 points) last week to “Fear” (31) today as most digital assets continue to wallow in the red zone. Today’s Cryptocurrency Fear And Greed Index: 31 Ranking: Fear#Crypto #Bitcoin #Ethereum — Crypto Fear…

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Polygon (MATIC) jumps ahead as the race for Layer-2 adoption picks up

Increasing volume and TVL on QuickSwap, along with steady growth in the number of projects joining Polygon have analysts suggesting that MATIC price is undervalued. Recently layer 1 solutions like the Solana (SOL) and Cosmos (ATOM) have grown in prominence thanks to each network’s faster transaction times and lower fees when compared to the Ethereum network….

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Top 5 cryptocurrencies to watch this week: BTC, ETH, BNB, XMR, CAKE

Bitcoin price remains pinned below $50,000 but the drop in BTC dominance could propel ETH, BNB, XMR and CAKE higher over the short term. Corrections in a bull phase are usually a bullish sign as they reduce the frothy excitement and allow stronger hands to enter the markets. However, the recent correction in Bitcoin (BTC)…

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Bitcoin dominance teeters at 50% as ETH, altcoins gain traction

The Bitcoin dominance index has collapsed by 20 percentage points since the start of 2021. ETH, BNB and more speculative altcoin bets have seen their dominance rise over the same period. Bitcoin (BTC) dominance briefly fell below 50% last week for the first time since January 2018, sending a strong signal that more speculative bets…

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These 3 Altcoins on Binance Smart Chain Could Skyrocket, Says Lark Davis

Popular crypto YouTuber Lark Davis talked about Binance Smart Chain (BSC) many opportunities for investors. With its low fees and fast transactions, Davis believes this ecosystem provides the kind of experience that the people want. BSC flagship product PancakeSwap (CAKE) has given its competitor a run for their money and even managed to “eclipse Ethereum”…

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TA: Bitcoin Makes Comeback, Here’s Why $53.5K Holds The Key

Bitcoin price tested the $47,000 support zone before starting a recovery against the US Dollar. BTC is showing positive signs, but it might face hurdles near $53,500. Bitcoin is rising and it is trading nicely above the $50,000 pivot level. The price is now trading well above $51,000 and the 100 hourly simple moving average….