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September 2022

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Luna Classic, Helium, Gnosis, Kusama and EOS – Biggest Weekly Losers

In Brief LUNC has fallen by 70% since Sept. 8. HNT is trading inside a long-term support level at $4. GNO is trading inside a descending parallel channel. Be[in]Crypto takes a look at the five cryptocurrencies that decreased the most last week, more specifically, from Sept. 9 to Sept. 16. These cryptocurrencies are: Terra Classic (LUNC): -47.56% […]

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Sushi DAO Holds Election for Chief Executive

The DEX’s confusing ‘head chef’ nomination process illuminates the challenges of decentralized governance The Sept. 26 election follows years of infighting among the DEX’s leadership “It’s really crunch time over the next 10 months for SushiSwap,” a head chef candidate said The decentralized organization behind crypto exchange SushiSwap is tapping its next chief executive. Instead

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Crypto Exchange Coinbase Could Earn $1.2B in Revenue Next Year From Higher Interest Rates, JPMorgan Says

Over half of that would come from the company’s share on interest income from USDC reserves. Crypto exchange Coinbase Global (COIN) may be able to generate $1.2 billion of additional interest income-driven revenue in 2023 given the increases in short-term interest rates, JPMorgan analyst Ken Worthington told clients in a note earlier this week. Coinbase’s

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Nifty News: Rumors of new Yuga Labs collection quashed, Budweiser celebrates the Merge and more

Yuga Labs was said to be looking at raising around $50 million from the sale of 100,000 tokenized land plots, but the firm’s co-founder says it’s all “fake news.” Yuga Labs co-founder Greg Solana, or Garga, has shot down rumors that the Bored Ape Yacht Club (BAYC) creators have plans to launch a new nonfungible token

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Active Addresses of Ethereum Hit Monthly High with $22B Being Staked before the Merge

Ethereum (ETH) continues to be at the centre stage after undergoing its biggest software upgrade called the Merge, which saw a transition from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism. Active ETH addresses have skyrocketed after hitting a monthly high. Market insight provider Glassnode explained: “The number of active ETH addresses (7d MA) just

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South Korean prosecutors apply to revoke Do Kwon and other Terra employees’ passports

Singapore, where Terra co-founder Do Kwon is currently staying, does not have an extradition treaty with South Korea. According to local news outlet gynews.kr, the Seoul Southern District Prosecutors’ Office’s Joint Financial Securities Crime Investigation Team says it will be contacting the country’s Ministry of Foreign Affairs to nullify the passports of Terra Luna co-founder Do Kwon

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JPMorgan: Binance’s USDC move could increase importance of Tether in crypto trading

QUICK TAKE JPMorgan says Binance’s decision to auto-convert USDC deposits to BUSD could make Tether even more important when it comes to trading. Tethers massive daily trading volumes pose a serious opportunity, per the report. JPMorgan Chase analysts say that Binance’s recent stablecoin decision will benefit Tether. From Sept. 29 Binance will convert existing balances

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BIGCOMMERCE LAUNCHES BITCOIN PAYMENTS FOR 60,000 MERCHANTS

The company partnered with BitPay and CoinPayments creating one-click integrations for merchants to accept bitcoin and cryptocurrency payments. BigCommerce enables bitcoin and cryptocurrency payments for over 60,000 ecommerce merchants. The company partnered with BitPay and CoinPayments to build one-click integrations for the platform. BigCommerce intends to integrate with more partners in the ecosystem in the

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Bloomberg Strategist Says Bitcoin, Ethereum and Crypto To Outperform Once One Macro Event Unfolds

Bloomberg’s closely followed senior commodities strategist, Mike McGlone, is expressing bullish sentiment on crypto assets once inflation is wiped out. McGlone says in an interview that he expects Bitcoin (BTC), Ethereum (ETH) and other crypto assets to “come out ahead” once deflation sets in as a result of the Federal Reserve hiking interest rates to contain inflation.

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Compound Crypto Price Prediction 2022 – Will COMP Recover?

Compound (COMP) crypto has pumped 4.56% today following the successful finalization of the Ethereum merge earlier this morning. As a result the price of Compound is now trading at a steady $56.67 and could be making headway back to the $60 price levels. Will Compound crypto pump? Compound Crypto Price Prediction 2022 At the time of writing

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