Cronos struggles to break out despite major ecosystem developments

[ad_1] Cronos (CRO) has been one of the most underperforming coins in the market over the last few months. The coin has literally blown hot and cold but despite this, it has failed to establish any decisive breaks. However, Cronos still continues to report major ecosystem development news. Here are the highlights: Cranos recently announced […]

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On-chain data shows Bitcoin long-term holders continuing to ‘soak up supply’ around $30K

[ad_1] Bear markets are typically marked by a capitulation event where discouraged investors finally abandon their positions and asset prices either consolidate as inflows to the sector taper off or a bottoming process begins.  According to a recent report from Glassnode, Bitcoin hodlers are now “the only ones left” and they appear to be “doubling […]

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Argentines turn to Bitcoin amid inflation worries: Report

[ad_1] Since 2016, Argentina has been engaged in a war against inflation. Caused by multiple factors, like a lack of trust in the central bank or government overspending, the depreciation of the Argentinean peso has negatively impacted citizens’ purchasing power. This has brought 37.3% of the population under the poverty line, and many others have […]

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MoneyGram to open transfer platform with Stellar, eyes wallet deal in El Salvador

[ad_1] MoneyGram International, one of the world’s largest cross-border transfer services, is partnering with the Stellar blockchain to create a stablecoin-based platform for money transfers. The new service will allow Stellar wallet users to send Circle’s USD Coin (USDC) to recipients, who will be able to cash them out for fiat currency through the MoneyGram […]

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MoneyGram to partner with Stellar blockchain for stablecoins remittance

[ad_1] MoneyGram, one of the world’s largest money transfer services, is preparing for a partnership with Stellar blockchain to allow its users to send and convert stablecoins into fiat currency. MoneyGram CEO, Alex Holmes, view on the crypto industry was optimistic saying: “Crypto industry is here to stay and it’s going to be here for […]

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City of Shenzhen airdrops 30M in free digital yuan to stimulate consumer spending

[ad_1] According to local news outlet Shanghai Securities News, the city of Shenzhen will airdrop 30 million digital Chinese yuan (e-CNY) to local residents in an attempt to revitalize consumer spending.  The airdrop is a joint effort between the city of Shenzhen and Meituan Dianping, China’s leading food delivery app. As per instructions, users would […]

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