BTC’s Block Interval Hits an 11-yr High, Block Confirmation at 23 min

Bitcoin’s time between blocks has hit an 11 year high The average confirmation time on the Bitcoin network has also risen to 23 minutes The Bitcoin network is scheduled for a mining difficulty adjustment in 4 to 5 days  Bitcoin’s difficulty will drop by 23.50% and due to the ongoing BTC mining crackdown in China Bitcoin is once again above $34k with the monthly close being its last hurdle towards $36k and above The time interval between blocks on the Bitcoin network has hit an 11-year high. This milestone was…

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Ethereum (ETH) Gas Fees At Their Lowest Since December 2020

Gas fees on the Ethereum network have dropped to levels last seen in December 2020 However, social sentiment towards Ethereum remains at historic lows Ethereum is once again trading above $2k with $2,400 to $2,500 a likely short-term target There is a death cross forming on the daily ETH/USDT chart Gas fees on the Ethereum network have decreased significantly since their peak value in mid-May when ETH hit an all-time high of $4,372. According to a recent analysis by the team at Santiment, the average gas fees on the Ethereum…

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JPMorgan Says Crypto Market Is Healing, Expects More Price Decline Before Capitulation

JPMorgan Chase has released an investor note stating that the cryptocurrency market appears “to be beginning the process of healing.” In the short term, however, the JPMorgan analysts expect further sell-offs before capitulation. JPMorgan’s Crypto Market Outlook JPMorgan Chase’s analysts, including Josh Younger and Veronica Mejia Bustamante, wrote about the outlook of the cryptocurrency market in a note published Friday. They explained that the near-term outlook for the crypto market is “challenging,” noting that blockchain data suggests recent cryptocurrency sell-offs were made to cover losses. “There is likely still an…

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FomoLab and all the Use Cases of FOMO Token

Abstract Fomo Lab is an organization of crypto experts, artist representation specialists, and passionate NFT lovers, creating a platform and marketplace for verified well-known musicians, athletes, celebrities, rappers, artists, digital creatives, and influencers to establish their NFT collections. They are one of the fastest-growing full suite NFT DeFi Platforms on the Binance Smart Chain due to the fundamental usage of NaaS (NFT as a Service) platform that integrates services for all entertainment and creative industry verticals. Fomo Lab offers a direct transfer of ownership to the users of the platform.…

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South African asset manager denies stealing billions from users, claims $5M was lost in hack

AfriCrypt’s founders deny running off with billions in customers funds, asserting they went into hiding after receiving death threats from “dangerous people.” Raees Cajee, the co-founder of South African crypto investment platform AfriCrypt, has denied claims that he and his brother ran off with billions in investor funds, asserting the platform lost $5 million in a hack. Last week, Cointelegraph reported that AfriCrypt — an asset manager purporting to offer daily returns of up to 10% that launched in 2019 — had been accused of disappearing with 69,000 BTC of investor…

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