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RAKBank has received in-principle approval from the Central Bank of the UAE to issue a stablecoin pegged to the UAE dirham. This move is part of a growing trend in the UAE, where several financial institutions are exploring stablecoin projects to enhance digital payments and financial services. The approval marks
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Ethereum and Solana are engaged in a debate over the definition of blockchain resilience, particularly in light of recent network outages. Ethereum proponents argue that resilience is demonstrated through the network's ability to maintain stability and security despite challenges, while Solana supporters emphasize speed and scalability as crucial
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Barclays has made its first investment in the stablecoin sector by acquiring a stake in Ubyx, a company focused on creating a regulated stablecoin. This investment marks a significant step for the bank as it explores opportunities in the cryptocurrency market. Ubyx aims to provide a stable digital currency that
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Bitcoin's price has dropped to $92,000, leading to significant market volatility. Over the past 24 hours, liquidations in the crypto market have exceeded $440 million, affecting both long and short positions. This decline follows a period of rapid price increases, prompting traders to react to the sudden
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Ethereum has implemented a significant scaling adjustment aimed at increasing its data capacity. This update enhances the network's ability to handle more transactions and improve overall efficiency. The changes are expected to reduce congestion and lower transaction fees, benefiting users and developers alike. This move is part of
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XRP has shown a significant bullish trend against Bitcoin, as indicated by a rare Ichimoku breakout on the XRP/BTC chart, marking the first such occurrence since 2018. Analysts suggest that this technical indicator could signal a potential outperformance of XRP compared to Bitcoin in the near future. The breakout
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Bitcoin and the Japanese yen have shown an unprecedented correlation, moving in tandem more closely than ever before. This trend is attributed to various factors, including macroeconomic conditions and investor sentiment. Analysts suggest that the yen's fluctuations are increasingly influencing Bitcoin's price movements, reflecting a shift
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Musk's xAI has successfully raised $20 billion in funding, with significant backing from major tech companies Nvidia and Cisco. The investment aims to advance xAI's mission of developing artificial intelligence technologies. This funding round highlights the growing interest and financial support for AI initiatives in the
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Bitcoin miners are increasingly turning their attention to artificial intelligence (AI) as Nvidia announces that its new AI chip, Rubin, is already in production. This shift comes as miners seek to diversify their operations and capitalize on the growing demand for AI technology. Nvidia's advancements in AI hardware
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Gold and silver briefly regained their positions as the top assets by market capitalization amid ongoing market uncertainty. This shift occurred as investors sought safe-haven assets in response to economic instability and fluctuating cryptocurrency prices. The precious metals' resurgence highlights a growing trend of traditional assets attracting attention during
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The article discusses the increasing inevitability of crypto adoption as traditional financial institutions and investors begin to allocate funds into the cryptocurrency market. It highlights that the influx of "old money" into crypto is driven by the desire for diversification and the potential for higher returns. Experts suggest
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In a recent statement, former President Donald Trump warned that he could face impeachment if Republicans do not secure victories in the upcoming midterm elections. He emphasized the importance of the elections for the party's future and suggested that a loss could lead to political repercussions for him.