Crypto

Despite a recent 20% weekly decline in the price of Shiba Inu (SHIB), analysts are forecasting a significant rally for the meme coin. Analysts are optimistic due to various factors such as a sharp increase in SHIB’s burn rate, enhancements to its Shibarium layer-2 platform, and other bullish signals for its future price. One example
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Monero is currently experiencing a surge in discussions on social media platforms following the recent announcement of LocalMonero’s closure. This uptick in attention coincides with ongoing government efforts to regulate privacy-focused assets in the cryptocurrency space. LocalMonero, a peer-to-peer exchange based on Monero, revealed via a blog post that it is ceasing its operations after
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Robinhood Markets Inc. has joined the ranks of crypto trading platforms facing legal action from the Securities and Exchange Commission (SEC). The company disclosed in a Form 8-K filing that it received a Wells Notice from the SEC on May 4. The SEC staff indicated a “preliminary determination” to recommend filing a lawsuit alleging violations
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Blockchain analytics company Elliptic has recently announced significant progress in utilizing artificial intelligence (AI) to detect money laundering in Bitcoin. Through a collaboration with researchers from the MIT-IBM Watson AI Lab, Elliptic has been able to identify illicit proceeds deposited at cryptocurrency exchanges, uncover new patterns of money laundering transactions, and identify previously unknown illegal
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The surge in popularity of meme coins in the crypto market has sparked concerns among industry players regarding the regulatory environment. Chris Dixon, a general partner at Andreessen Horowitz (a16z), has questioned the US regulatory system’s approach to meme coins and their thriving existence. He highlighted the disparity between meme coins, which are primarily used
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Financial technology giant Block, under the leadership of X co-founder Jack Dorsey, recently announced a groundbreaking decision to invest 10% of profits from bitcoin-related products into monthly BTC purchases. In a Q1 2024 earnings report directed at shareholders, Dorsey outlined the rationale behind this move. He emphasized the unique position of bitcoin as the paramount
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