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The combined market capitalization of all cryptocurrencies has bounced back from recent losses, and has tipped over into $2 trillion once again. Are Bitcoin and the altcoins going to rekindle the bull market once more? Bitcoin is still in the doldrums of September, a month that typically has the worst returns for $BTC in the whole of the year. That said, the $BTC price still needs to keep above critical support levels, and a break back into a $2 trillion…

DUBAI, UNITED OF EMIRATE, September 12th, 2024, Chainwire WOW EARN, a pioneering force in the blockchain DeFi space, is proud to announce the launch of its latest innovation—WOW ZONE. This new feature is designed to transform user engagement on the platform by introducing a wide range of tasks that allow users to earn points, which can then be exchanged for $WOW tokens. The launch of WOW ZONE marks a significant step forward in WOW EARN’s mission to create a more…

Nolus, the cross-chain lending protocol that supports leveraged borrowing while reducing risk, has announced an expansion to its available assets. In the coming weeks, Nolus will introduce support for volatile base currencies, starting with BTC and ETH, that will enable users to go long and short on these assets and to earn additional yield from the respective liquidity pools. The upgrades to Nolus arrive off the back of a fresh funding round that’s taken its total capital raised to $3.5M.…

Bitcoin (BTC) has returned to a resistance band stretching from $58,000 to $59,000. This horizontal resistance level is the key for Bitcoin to go higher. Can the number one cryptocurrency battle through, or will it be rejected? Positive CPI data bolsters case for rate cuts Bitcoin is no doubt influenced by the ebb and flow of the world economies. In the U.S., the year-on-year CPI inflation data came in low at 2.5%, which is just a 0.2% increase for the…

CleanSpark purchased 7 new mining facilities in East Tennessee, consolidating operations in a new region. These investments come at a difficult time for Bitcoin miners. The company hopes to close some facilities before the end of the month to carry out upgrades for a long-term plan. Tennessee’s Mining Hub On September 11, Bitcoin miner CleanSpark announced that it would acquire seven new mining facilities in East Tennessee. CleanSpark is a low-carbon mining firm that primarily uses renewable electricity to power…

The post Will This Bullish Pattern Push the FET Price to $2? appeared first on Coinpedia Fintech News With a $3.544 billion market cap, Artificial Superintelligence, or FET, maintains a significant dominance in the crypto-AI segment. The FET price is currently trading at $1.41, with an 8.21% rise in the past 24 hours.  Over the last seven days, like the DeFi tokens, the AI crypto tokens have been rising, and the FET token price has registered a weekly jump of…

The post Pig Butchering Crypto Scams : How Feds Plan to Fight Them appeared first on Coinpedia Fintech News As the cryptocurrency space is evolving, it has attracted scammers as well. Every month we hear about hacks of crypto exchanges and exploits on various crypto protocols. Apart from these there are other kinds of scams growing rapidly in this ecosystem. One specific kind is the Pig Butchering scam. Federal agencies are getting ready to fight these scams. Let’s understand how…

The post Solana Trader Turns $80K into $1.2 Million BY Investing In This Memecoin —Then Loses It All appeared first on Coinpedia Fintech News In an extraordinary twist of fortune, a Solana trader known as XCkM turned an $80,000 investment into a massive $1.2 million by investing in a newly launched memecoin AURA. Unfortunately, the memecoin market took a downturn traders quickly made a fortune got vanished. Well, let’s find out, how? How did XCkM experience such an incredible rise…

The post Solana Hits 5.5M Active Addresses, Processing 500+ TPS! appeared first on Coinpedia Fintech News On September 10th, Solana witnessed a massive surge in network activity with a boom of 5.5 million daily active addresses. With a sudden surge, Solana surpasses all competitors, including top Ethereum Layer-2 solutions. With the incoming exodus, it represents nearly half of the total 11 million active addresses across major blockchain networks. Further, Solana leads in performance with a powerful 500 true transactions per…