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USD Coin (USDC) issuer Circle says it intends to make the second largest stablecoin by market cap available on five additional blockchain ecosystems. The digital financial technology firm says that USDC will be available on layer-1 blockchains Arbitrum One, NEAR Protocol (NEAR), Optimism (OP) and Polkadot (DOT) by the end of the year. The stablecoin will be available on Cosmos (ATOM) by early 2023. USDC is already available on Algorand (ALGO), Avalanche (AVAX), Flow (FLOW), Hedera (HBAR), Solana (SOL), Stellar (XLM), TRON (TRX) and Ethereum (ETH). The stablecoin issuer says it will only support the Ethereum proof-of-stake chain following the merge…

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Meta, Facebook and Instagram’s parent company, announced another development in its digital arts initiative. As of Sept. 29, all users on both platforms can connect wallets and share nonfungible tokens (NFTs) across 100 countries. As part of the feature, which has been in testing since May, users will be able to tag creators and collectors, and cross-post digital collectibles between platforms without paying any fees. Everyone on @instagram and @facebook can now share their digital collectibles in the US, and on Instagram in the previously announced 100+ countries. Creators like artist Lívia Elektra are sharing their #NFTs on our apps. https://t.co/6yV4HgfHSW…

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Republican lawmakers drafted a bill enabling investment managers to offer bitcoin in 401(k) plans.The bill seeks to remove liability for a breach of fiduciary duty for offering access to bitcoin and cryptocurrencies. The bill is likely to be presented following the midterm elections in November 2022. Three republican members of Congress presented a bill, named the Retirement Savings Modernization Act, designed to enable investment managers to offer bitcoin and cryptocurrencies in their 401(k) plans, per a Congressional filing. The proposed bill amends the Employee Retirement Income Security Act of 1974 to add classifications to the types of assets fiduciaries are…

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One Ethereum (ETH)-based altcoin is surging by nearly 30% this week as it outpaces both the king crypto and the overall digital assets market. Interoperable blockchain network Quant (QNT) has sparked a rally over the last seven days, going from $103.14 on September 14th to $133.34 at time of writing, a nearly 30% gain. QNT has risen significantly compared to top crypto asset Bitcoin (BTC) and the total market cap of all crypto assets, as they have gone up 3% and 4% respectively during the same time frame. According to market intelligence firm Santiment, trading activity centered around Quant has…

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The first purchase of cryptocurrency with Kazakhstan’s local currency has been finalized.The President of Kazakhstan says further demand could likely result in full legal recognition of digital assets. The country will continue running a pilot program through this year to test demand and security. Kazakhstan’s first cryptocurrency purchase with its local currency, the tenge, took place today as the country considers “full legal recognition” of the asset class, per a report from Inform Buro.”At the site of the Astana International Financial Center, cryptocurrency conversion is already underway on a special pilot project,” said Kazakhstan’s President, Kassym-Jomart Tokayev, speaking at the…

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Bitcoin on-chain activity had been lit up like a Christmas tree over the weeks leading up to the Ethereum Merge. Even though the upgrade was not taking place on the bitcoin network, it was still significant for the crypto space, which led to increased activity across various networks. However, now that the Merge has been done and dusted, the network activity has begun to retrace to ‘normal’ levels, leading to a decline in on-chain activity. Bitcoin Mining Hashrate Drops For the first time in two months, the bitcoin mining difficulty had adjusted downward. Due to this downward difficulty adjustment of…

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Bitcoin (BTC) wobbled in its narrow trading range at the Sep. 29 Wall Street open as official data put the United States economy in recession. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewU.S. meets technical definition of recessionData from Cointelegraph Markets Pro and TradingView showed BTC/USD still hovering just above $19,000 at the time of writing.The pair weathered gloomy figures for the U.S., with the second quarter gross domestic product (GDP) growth estimated at -0.6%. This, despite protests of the White House to the contrary, meant that the U.S. met the standard criteria for recession — two consecutive quarters of negative growth.”Everyone talks…

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