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Today in Crypto: A $12 Million Diamond, TikTok Bans, and More Dogecoin Pumps

Another day, another dollar… or $12 million of them! That’s right, somebody paid $12 million for a diamond at yesterday’s Sotheby’s Auction, which wouldn’t usually be very newsworthy except that they paid for it in cryptocurrency. The event marks the first time that Sotheby’s has accepted cryptocurrency for the sale of a physical item (they have sold NFT’s before), and…

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Welcome to Worldcoin, a Coinbase-backed Crypto Distribution Scheme Utilizing Iris Scanning Technology

close up of businessman hand showing texture the world with digi

A new startup boasting backing by major digital exchange Coinbase hopes to distribute cryptocurrency to people around the world in a very unconventional way – by scanning their eyeballs. Worldcoin (not to be confused with existing crypto project has developed a spherical device that can uniquely identify a person by scanning their iris. The device can then send cryptocurrency…

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Why the China Bitcoin (BTC) Ban Could Be Good for Cryptocurrency

bitcoin ban sign on the great wall of china

Fresh reports of a crackdown on Bitcoin mining by the Chinese government have spread another wave of fear throughout the crypto community, resulting in a plummeting BTC price and hashrate. However, with accurate reporting in China heavily restricted and news largely unverified, we are once again left wondering: what’s really going on? According to reports, large numbers of crypto mining…

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Bitcoin (BTC) Takes the First Step Towards Becoming a Global Currency

The world’s leading cryptocurrency, Bitcoin (BTC), has taken its first step towards becoming a globally accepted currency. In a surprise announcement made at last weekend’s Bitcoin Conference in Miami, the President Nayib Bukele of El Salvador revealed his plans to make Bitcoin legal tender in the struggling Central American nation. When a collapsing economy forced El Salvador to adopt the…

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Polygon (MATIC), Uniswap (UNI) and Chainlink (LINK) Mooning – is a Crypto Recovery on the Cards?

green arrow on rising stocks

Bitcoin (BTC) looks set to post its worst monthly losses in over a decade after the crypto market crashed earlier this month to the tune of $1 billion. After tapping out at $65,000 in mid-April, Bitcoin began a gradual decline to current levels around $34,000, spurred on by negative comments from Elon Musk and a potential mining ban in China.…

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Ethereum (ETH) Network Becomes Unusable as Meme Coins Decimate Fees

Ethereum coin on a background of blue circuit board pattern

As the cryptocurrency sector continues its slow slide into a level of stupidity reminiscent of the 2017 ICO boom, Ethereum has become practically unusable due to the network being over-run by idiotic meme-coins. These seemingly endless attempts to try copy the Musk-fuelled mania surrounding Dogecoin has forced Ethereum gas fees to new record highs well above 400 gwei. New Dogecoin…

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Coinbase Adds Paypal Purchases, Making it Easier Than Ever to Buy Bitcoin (BTC)

coinbase website on desktop and smartphone

Coinbase users in the U.S. can now buy Bitcoin and other cryptocurrencies easier than ever via a PayPal integration. In an announcement posted on its official blog earlier today, Coinbase details how its U.S users can top up their crypto holdings directly from their PayPal accounts. The added feature means users will no longer need to enter their bank or…

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Eminem to Release NFT in Reaction to SNL Skit

You may remember a few weeks ago when Saturday Night Live (SNL) did a skit using an Eminem-style parody to explain Non-fungible Tokens (NFTs)? The hilarious video involved comedians Pete Davidson and Chris Redd rapping alternative lyrics over Eminem’s 2002 hit “Without Me.” The rapper himself responded to the video with a chin-scratch emoji, seemingly indicating he didn’t understand the…

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Coinbase Stock Listing News Pushes Bitcoin to New Highs

smartphone coinbase

One of the world’s most popular and leading cryptocurrency exchanges, Coinbase, recently announced it will be listing a $100 billion IPO on the NASDAQ stock exchange this week. The news has reignited Bitcoin’s relatively stagnant price which has been hovering around the $59,000 level for the past month. Today it cracked a new all-time high (ATH), breaking through the previous…

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