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One of the most popular meme coins Shiba Inu (SHIB) has one of the most extensive communities online when it comes to cryptocurrency. Despite the size of this community, many bad actors come here for their gains. Thus, a team of SHIB is always publishing alerts to their community advising them on how best to…
At Friday morning’s open the price of bitcoin fell below $54k. New investor groups, unable to handle the volatility in the market, were mostly responsible for the fall according to Caua Oliveira an analyst at CryptoQuant. Oliveira highlighted that the bankruptcy management of the Mt. Gox exchange began transferring tens of thousands of Bitcoin to…
After the April halving event, there was a significant decrease in earnings for Bitcoin miners, however, there was a spike in sales for Bitcoins at the start of this month. Recent on-chain data analysis reveals that such sales are declining even further. Initially, miners withdrew around 50,000 bitcoins from exchanges every day, but now these…
The Federal Reserve (Fed) has received a letter from three U.S. Senators, including Elizabeth Warren, who is famously known for opposing cryptocurrencies, expressing their desire for lower interest rates. This correspondence informed them that current interest rates, prevailing for 23 years, have peaked while other nations, such as those influenced by the ECB, have already…
Increasing Global Acceptance of Bitcoin-Based Products Nations across the globe are beginning to approve products modeled on Bitcoin. Most recently, Thailand has come on board citing the rapid rise of crypto adaptation in the country. Thailand’s Securities and Exchange Commission (SEC) has allowed a company that wanted to operate a Bitcoin spot exchange-traded Fund (ETF)….
After Binance, the world’s second-largest exchange, OKX has decided to stop operating in the Hong Kong market. While you can withdraw until August 31, they will stop accepting any more deposits or order placements from May 31 onwards. Although it termed quitting as a “strategic decision” the exchange gave no other information. New Regulations Prompt…
In recent days, reports unveil El Salvador’s venture into Bitcoin mining, leveraging geothermal energy. The nation, currently holding 5750 BTC, mined 474 Bitcoins since 2021 through geothermal means. Notably, El Salvador’s Bitcoin stash is valued at approximately $355 million. Embracing Bitcoin: El Salvador’s Progressive Move El Salvador’s embrace of Bitcoin as a legal tender alongside…
The recent report by the Wall Street Journal from the US media has sent ripples through the crypto world today, with Binance stepping forward to address the allegations. Yi He, one of the exchange’s founders, stated, “There is a fierce battle among market makers filled with tricks. Those who pay can get any advertisement they…
Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), reiterated his stance on cryptocurrencies during a recent television appearance. When asked about Ether ETFs, he stated, “These requests are currently under consideration… A 5-member commission will make a decision,” yet he refrained from disclosing further details. Similar Remarks on Cryptocurrencies In light…
Following the halving event, where miner rewards were halved, approximately 10 days ago, an individual miner successfully found a block solo, securing both the reward and transaction fees, amounting to nearly $220,000. Solo Success Amidst Diminishing Odds While the number of individual miners dwindles daily, they occasionally achieve solo block discoveries. Last night, a miner…
Greyscale, the world’s largest asset manager, is challenging to maintain its dominance in the spot bitcoin ETF market. Despite a significant capital withdrawal from the GBTC core, Greyscale remains adamant. Ten has unveiled plans for a smaller bitcoin ETF that features more competitive fees, to fend off competition from rivals. Grayscale’s Response to Market Trends…
One of the main pioneers of MicroStrategy, Michael Saylor, has been vocal of late which has taken center stage, holding forth in his discourse the possibilities of imminent Bitcoin halving its valuation. There, Saylor waxed about the meaning of the Bitcoin halving that ripples the wave valves of Crypto Earth. MicroStrategy’s CEO nomenklatura, Michael Saylor…