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Nigeria’s Oil-for-Naira Program, Blackrock’s New Stablecoin, and More — Week in Review

Nigeria introduced an “oil-for-naira” program by selling crude oil to Aliko Dangote’s refinery in a bid to stabilize the weakening local currency. Blackrock announced its support for UStb, a new…

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Coinbase Sees Strong Q4 for Bitcoin, Fueled by US Rate Cuts, China Stimulus

Coinbase Institutional’s report highlights optimism for the crypto market, driven by expectations of U.S. rate cuts and China’s monetary stimulus, which could boost bitcoin’s performance in Q4 2024. While bitcoin…

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Bear Market Ethereum (ETH) Trade Leads to $132 Million Profit for Savvy Trader: Details

A cryptocurrency trader has made headlines by securing a profit of $131.72 million through a strategic investment in Ether (ETH). This notable trade was made during the 2022 bear market,…

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Cryptoquant: Coinbase’s cbBTC Could Challenge Bitgo in Wrapped Bitcoin Market

This week, Cryptoquant researchers highlighted a new rivalry heating up in the wrapped bitcoin market, with Coinbase’s cbBTC stepping up to challenge Bitgo’s long-established reign. Coinbase’s Wrapped Bitcoin Token cbBTC…

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Bitcoin Taps $63K After Fed Rate Cut Sparks Market Rally

Bitcoin reached an intraday peak of $63,227 on Thursday, following the U.S. Federal Reserve’s decision to lower the benchmark interest rate by 50 basis points the previous day. The entire…

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Goldman Sachs, Coinbase alumni debut TrueX, a stablecoin-centric crypto exchange

TrueX's stablecoin-centric approach could redefine crypto trading stability, potentially attracting institutional investors and enhancing market predictability. The post Goldman Sachs, Coinbase alumni debut TrueX, a stablecoin-centric crypto exchange appeared first…

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