Day: March 2, 2024

What is AlgoSwap? – Blockchain.News

AlgoSwap emerges as a novel decentralized exchange protocol on the Algorand blockchain, designed for high-speed, low-cost, and environmentally friendly crypto trading. As the decentralized finance (DeFi) landscape continues to expand, innovative platforms like AlgoSwap are revolutionizing how digital assets are exchanged. Developed by Hypotenuse Labs and supported by the Algorand Foundation, AlgoSwap is a work-in-progress protocol that encapsulates the ethos of DeFi by providing a secure and user-friendly decentralized exchange (DEX) on the Algorand blockchain. Introduction to AlgoSwap AlgoSwap is a decentralized Uniswap-like exchange meticulously tailored for Algorand Standard Assets…

Crypto Analyst Predicts Parabolic Rally For Cardano

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Several analysts have expressed optimism, suggesting that Cardano (ADA) is poised for a bullish market surge in the near term. ADA recently went on an impressive spike on the last day of February, registering a 14% gain to push its price above $0.7 for the first time since May 2022.  Despite these gains, there have been concerns from some investors of ADA potentially falling behind in its performance relative to Bitcoin in the last bull cycle. Popular crypto analyst Dan Gambardello addressed some of these concerns in a recent video…

Bitcoin Cash and Bitcoin bullish; NuggetRush set for gains

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Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. Bitcoin Cash and Bitcoin are bullish. Presently, BTC is trading above $62,000. The NuggetRush presale has already distributed 203 million NUGX. Bitcoin Cash approaching $300 Bitcoin Cash is trading at around $290, up from around $234.25 recorded on Jan. 31. BCH climbed by 6.8% to $250.30 on Feb. 9 before an 18.5% climb to $296.79 on Feb.…

Report: Nigerian Government Imposes $10 Billion Fine on Binance

The Nigerian government has reportedly slapped the cryptocurrency exchange Binance with a $10 billion fine. According to a Nigerian government official, Binance is being punished for causing the local currency’s recent plunge against major currencies. Binance’s Alleged Influence on the Exchange Rate The Nigerian government is reportedly demanding a $10 billion fine from the crypto […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Dogwifhat What? Meme Coin Barges Into 86th Spot With 320% Rally

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The strong ascent of Dogwifhat (WIF) has made it stand out among cryptocurrencies and captivated investors. Crypto markets are gearing up for the first weekend of the month, and memecoins in particular are showing strong signs of positive momentum. Amidst the increased hope, the meme coin based on Solana experienced an incredible 320% rally last week, propelling WIF to the top 100 cryptos from a valuation of $1 billion or more. However, why has this ascent been so rapid? Dogwifhat’s Rise: Bulls In Action At the time of writing, the…

Marathon Announces Anduro Layer Two Platform to Advance Bitcoin’s Capabilities

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Marathon Digital Holdings, one of the world’s largest public Bitcoin mining companies, has announced its work on Anduro, a multichain, layer two platform on top of Bitcoin. With Anduro, Marathon proposes the creation of several sidechains designed to expand Bitcoin’s standard functionality and attract activity previously directed to other chains. Marathon Announces Anduro to Expand […] Original