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Secondary Sales Volume Tied to Reddit’s Collectible NFT Avatars Surges Crossing $5 Million

Reddit’s non-fungible token (NFT) avatars have produced significant market action in the NFT industry, as the collectible’s secondary market sales reached more than $5 million on October 24 across more…

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Polygon-Based Decentralized Exchange Quickswap Loses $220K in Flash Loan Exploit

On Monday, the Polygon-based decentralized exchange (dex) Quickswap lost $220K in a flash loan exploit and following the attack, the team detailed the Quickswap Lend platform will be terminated. Quickswap…

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Biggest Movers: ADA Nears 1-Week Peak, as MATIC Moves to Highest Point Since September

Cardano closed in on a one-week high to start the week, as the token climbed for a fourth straight session. Polygon was also in the green, and collided with a…

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State of Decentralized Finance Remains Lackluster, Value Locked in Defi Slid 67% in 6 Months

During the last 125 days or roughly four months, the total value locked (TVL) in decentralized finance (defi) has been range bound within the $50 billion to $65 billion region.…

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Brazil-Based Neobank Nubank to Launch Own Cryptocurrency as Part of Loyalty Program

Nubank, one of the largest digital banks in the world, has announced it will issue its own cryptocurrency during the first half of 2023. The currency, called Nucoin, will be…

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Indian Commerce Giant Flipkart Will Allow Customers to Purchase Items in the Metaverse

Flipkart, the Walmart-backed Indian e-commerce giant, has launched a pilot to allow its customers to experience making purchases in a metaverse environment. The company announced the launch of its own…

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