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Yuga Labs, known for creating the highly sought-after Bored Ape Yacht Club (BAYC), recently made a bold decision to burn 4,295 HV-MTL NFTs. This move came as a response to the acquisition of their gaming IPs by Faraway, a blockchain gaming studio. The burning of these NFTs amounted to 14% of the total supply, reducing
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Investors are showing renewed interest in Ethereum as on-chain data reveals a significant accumulation trend among Ether holders. Over $500 million worth of ETH has left centralized exchanges in the past week, marking the highest single-week outflow since February. This strategic withdrawal from exchanges suggests that investors are looking to hold onto their Ether for
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The upcoming MiCA regulation is set to bring significant changes to the crypto industry, requiring companies to ensure compliance for a smooth transition. As the European Union (EU) takes steps towards regulating the crypto-asset market, companies need to be prepared for the implications of MiCA on their operations. Key Requirements of MiCA MiCA aims to
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The recent Bitcoin halving event has caused a reduction in miners’ block rewards, leading to a decrease in the daily issuance of BTC and potentially triggering a price rally. This major event in the cryptocurrency industry has sparked discussions about the impact of halving on meme coins, such as Dogecoin and Shiba Inu. The Bitcoin
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After the recent completion of the Bitcoin halving event, market analysts and experts are looking towards a potentially bullish trend in the BTC market. One crypto analyst, known as ecoinometrics, has made a bold prediction that Bitcoin could potentially reach six-figure price levels in the current bull cycle. The analyst’s post on Saturday highlighted the
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