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Daily Crypto News- Ethereum to $8k May Be Far-Fetched, but Here’s Why It’s Very Possible

Bitcoin bulls target $50K as Friday’s $655M BTC options expiry approaches

$655 million in BTC options expire on Sept. 3, and data suggests bulls may be motivated to break the $50,000 resistance prior to the expiry. Bitcoin (BTC) failed to break the critical $50,000 psychological barrier on Aug. 23 and has since then retested the $47,000 support.

Cryptocurrency Can Help Save Afghanistan, Says Ethereum, Cardano Co-Founder

Charles Hoskinson, the founder of Cardano and co-founder of Ethereum, believes crypto is poised to “play a larger role in Afghanistan.” Cardano’s founder, Charles Hoskinson, today said in an interview that crypto will help Afghanistan’s citizens. Hoskinson, who also co-founded Ethereum, didn’t explain how but noted that crypto was already “in Afghanistan.”

Ethereum to $8k may be far-fetched, but here’s why it’s very possible

Ethereum’s price has seen a series of outrageous pumps over fairly short durations in the past. Between mid-November and mid-January, for instance, the alt’s value managed to appreciate by over 250% from $400 to over $1400. Ethereum to $8k may be far-fetched, but here’s why it’s very possible. A hike of a similar magnitude at this stage would see Ethereum(ETH) trading at around $8750.

Expanding ecosystem and LedgerX acquisition send FTX Token (FTT) to a new ATH

FTT price soared to a new all-time high after the FTX exchange added LedgerX to its ever-expanding list of acquisitions and partnerships. Real-world adoption and brand awareness are one of the best ways for a blockchain project to increase its value and attract new users to its ecosystem.

Dogecoin Foundation warns of “Dogecoin 2.0” crypto project

The Dogecoin Foundation has issued a warning to investors over “Dogecoin 2.0,” which they say has no affiliation with them. “The Dogecoin Foundation welcomes newcomers to the crypto space but this project has no connection to or relationship with Dogecoin,” it said.

Daily Crypto News- Polkdot Could be the next altcoin to hit a new all time high

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New Cryptocurrency Bill Advances to Senate in Brazil

A new cryptocurrency bill was approved by the Chamber of Deputies of the Brazilian Congress last week, and is now awaiting review by the Senate for approval. The project, if ...
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USDC Sees Native Launch on Avalanche

USDC, the second leading stablecoin by market cap, has been launched on the Avalanche blockchain as a native token. Previously, users wanting to get USDC in Avalanche had to bridge ...
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Crypto Lender Nexo Launches NFT Lending Desk, Loans up to 20% for Popular NFTs

On December 16, the blockchain-based lending platform Nexo announced the firm has launched a non-fungible token (NFT) lending desk. While the company offered crypto-backed loans using tokens like bitcoin and ...
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