ApeCoin Soars After New Blockchain Launch

ApeCoin (APE), the cryptocurrency linked to the popular Bored Ape Yacht Club NFTs, has seen a massive surge in value. The coin jumped over 135% after the launch of Apechain, a new blockchain designed to expand the Bored Ape ecosystem. What is Apechain? Apechain, developed by Yuga Labs (the creators of Bored Ape Yacht Club),…

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Bitcoin’s Downtrend May Be Over, Analyst Says

A popular crypto analyst believes Bitcoin might be on the verge of a comeback. Rekt Capital, who correctly predicted Bitcoin’s price drop earlier this year, says the recent surge above $69,000 could mark the end of a long bearish trend that started in March. Breaking Out of the Bearish Trend According to Rekt Capital, Bitcoin…

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Bitcoin Stumbles: Can It Bounce Back?

Bitcoin (BTC) has been stuck in a rut, failing to break through the crucial $70,000 mark. This has led to some investors getting squeezed out, with over $190 million in crypto liquidations in the past 24 hours. Liquidations Hit Hard The biggest losers were Bitcoin traders, with $47.7 million in liquidations. Ethereum (ETH) wasn’t far…

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UAE: A Crypto Haven?

The United Arab Emirates (UAE) is becoming a hot spot for crypto trading, thanks to its “sensible” approach to regulations, according to industry experts. Hedge Funds See Opportunity Brevan Howard, a massive $35 billion hedge fund, is particularly interested in the UAE. Ryan Taylor, the firm’s head of compliance, said at a Dubai conference that…

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