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Universal Music Group (UMG) Shares Up Over 35% in Market Debut

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Bitcoin, Ether Join Crypto Market Rebound from Global Selloff Triggered by Evergrande

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Cardano (ADA) Price Analysis: Support Turned Resistance Near $2.30

ADA price started a sharp decline from the $2.60 zone against the US Dollar. The price is now trading below $2.50 and the 55 simple moving average (4-hours). There is a crucial bearish trend line forming with resistance near $2.35 on the 4-hours chart (data feed via Bitfinex). The price could remain in a bearish zone as long as it is below the $2.35 resistance zone. Cardano price is down over 10% and it broke the $2.20 support against the US Dollar, similar to bitcoin....

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Ethereum Price Analysis: ETH Turns Red Below $3,200

Ethereum price started a major decline below the $3,500 support against the US Dollar. ETH price is now trading below $3,200 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $3,200 on the 4-hours chart (data feed from Coinbase). The pair could correct higher, but the bears are likely to remain active near $3,200. Ethereum price is showing bearish signs below $3,200 against the US Dollar. ETH/USD could resume its...

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Splinterlands Now the Most Frequently Played Blockchain Game

NFT trading card game “Splinterlands” has recently become the most widely played blockchain game on the market by daily user count. Splinterlands’ Exponential Growth Data from DappRadar confirms that Splinterlands has surpassed 260 thousand daily active users. This is greater than the number of players in the Alien Worlds metaverse, which is just shy of 250 thousand users at the time of writing. Splinterlands cards. Source: SplintertalkGoing by the numbers, Splinterlands...

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Citibank Report: Crypto Is Redefining The Entire Payment Ecosystem

Cryptocurrencies are redefining the entire payment infrastructure, says a new report from multinational Citibank. It added that digital assets have expanded from being merely an “internet novelty” to becoming a two-trillion-dollar market. What Can Organizations Do to Embrace Crypto? The report offers a blueprint for organizations considering adopting cryptocurrency payments or simply investing in such assets as a store of value, outlining three key aspects they should...

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Coinbase Halts Plans for Crypto Lending Product Amid SEC Pressure

In an update to a blog post from months prior, Coinbase has withdrawn its plans to launch a USDC APY lending program on the platform in response to mounting legal pressure from regulators. Coinbase Bends to the SEC The news was quietly released this Friday when Coinbase updated its June blog post that announced an upcoming lending product. After encouraging users to pre-enroll for its program, the team has now discontinued its waitlist, which attracted hundreds of thousands...

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Webcams Site, BongaCams, Becomes Next Major Player to Accept Dogecoin

The success and popularity of the cryptocurrency asset, Dogecoin, continues to trend upward as BongaCams has just become the next on a growing list of market-leading companies announcing their adoption of the digital currency as a payment option.  Dogecoin, now the world’s 8th largest digital asset, is surging once again and continues to enjoy support from investors and celebrities alike, including Tesla CEO Elon Musk, who has tweeted favorable comments about the...

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Bitcoin Market Drops 9% amid General Decline in Equities Market

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Ethereum Price Analysis: ETH Crashes To $3000 as Broader Market Pulls Back

ETH/USD – Ether Plummets Into $3000 Support Key Support Levels: $2890, $2770, $2720.Key Resistance Levels: $3200, $3300, $3350. Ethereum fell a sharp 11.5% today as it crashed back to $3000. The cryptocurrency had dropped from near $4000 at the start of September as it fell into support around $3200 (.5 Fib Retracement) last week. A rising trend line bolstered the support, and it allowed ETH to rebound during the week. It reached as high as $3600 last week but rolled over on...

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