JJ Cryptocurrency

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JJ Cryptocurrency

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Bank of Mexico to issue a digital currency by 2024

The sovereign digital currency will not replace rather will coexist with the Mexican currency  On Wednesday evening, the government of Mexico shared on Twitter that the Bank of Mexico was looking to launch a digital currency within the next three years. The government considers digital currencies important in advancing the nation’s financial position, according to …

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Former Block.one strategist believes Bitcoin will reach $200k next year

His projection is similar to that laid out by Fundstrat Global Advisors co-founder at the end of last week Block.one ex-Chief Strategist Officer Brock Pierce has predicted the price of Bitcoin to rise to $200,000 at some point in 2021. Justifying his projection, the former child actor explained that the economic situation i.e. the growing inflation …

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The best Ethereum ecosystem tokens worth buying on December 28: Polygon (MATIC), Chainlink (LINK) and Axie Infinity (AXS)

MATIC, LINK, and AXS are the go-to tokens for December 28. Chainlink’s trading volume increased by 17% in the last 24 hours. AXS saw an increase in trading volume by 36% in the last 24 hours. Polygon is a protocol as well as a framework used for building and connecting blockchain networks that are Ethereum-compatible. …

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Crypto fraudster arrested in Thailand for duping and stealing $15M from victims

The suspect is said to have collaborated with others to steal from unsuspecting victims through a bogus cryptocurrency scheme This weekend, Thailand’s Crime Suppression Division apprehended Mana Jumuang for running a cryptocurrency scheme that saw victims lose their funds between 2018 and 2019. The 50-year old is said to have been the mastermind behind the …

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Here’s why Cardano founder believes a DeFi extinction wave is on the way

The software developer and entrepreneur forecasted that many projects in the DeFi sector wouldn’t last the next five to ten years In a recent YouTube session, Cardano founder Charles Hoskinson shared his outlook on the future of decentralised finance. Hoskinson, who has seemingly vowed to redefine the sector, predicted that many active DeFi projects would …

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Top 3 privacy-oriented tokens to buy on December 29: XMR, ZEC and DCR

Privacy tokens are an essential part of the world of crypto. XMR, ZEC, and DCR all have the potential for growth. These tokens are at affordable price points, making them solid purchases. Monero (XMR) is an open-source, privacy-oriented cryptocurrency originally launched in 2014. Transaction details and the amount of every transaction is anonymous through the …

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Cardano and Ripple tokens will crash out of the top 10 chart in 2022: Arcane Research

The blockchain research firm also predicts Bitcoin to continue recording better returns than the S&P 500 index in the incoming year Crypto market analytics company Arcane has laid out its 2022 predictions for various digital assets and the industry at large. The research firm compiled a report highlighting numerous predictions around various aspects, including token …

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El Salvador to use surplus Bitcoin Trust funds to build 20 schools

El Salvador is the most progressive cryptocurrency in the world at the moment after making Bitcoin an official tender two months ago. The government of El Salvador has revealed that it intends to build 20 schools from the profit it makes with its Bitcoin Trust. This latest development is the government’s next project as it …

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Crypto’s current price rise is driven by increasing adoption, says FTX CEO

Memecoins capitalise on investors’ need for novelty and variety, the CEO stated Cryptocurrency derivatives exchange FTX founder and CEO Sam Bankman-Fried explained that while increasing mainstream regulatory attention on cryptocurrencies was helping popularise digital assets, it is the steadily increasing institutional and retail adoption that is driving crypto’s current price rise.  The comments by Bankman-Fried …

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