Shiba Inu, the popular meme coin, has seen a significant increase in its burn rate recently. In the past 24 hours alone, the burn rate skyrocketed by 450%, resulting in nearly 50 million tokens being sent to a null address. While the USD equivalent of this may seem insignificant, continuous efforts in reducing the circulating
Crypto
Ethereum co-founder Vitalik Buterin recently cautioned against the dangers of supporting political candidates purely based on their pro-cryptocurrency views. While acknowledging the significance of the crypto industry, Buterin stressed the importance of considering broader values such as individual freedoms and technological progress when evaluating political figures. He argued that fixating solely on crypto-related policies could
In a recent announcement, the bankrupt crypto lender BlockFi shared that they will be initiating the first interim distribution of funds to their clients via Coinbase. This move is a significant step in their ongoing efforts to repay their clients who were affected by the bankruptcy. The distribution of funds is set to begin this
DeFi Technologies, a prominent Canadian fintech company, has recently made significant moves in the crypto space by acquiring a large batch of Bitcoin (BTC) as part of its treasury strategy. This acquisition comes on the heels of their initial purchase of 110 BTC in June, further solidifying their commitment to digital assets. In addition to
Bitcoin’s price has shown signs of recovery after a period of bearish price action. The market has found support at the $56K level, and the 200-day moving average around $60K has been reclaimed. Despite this positive momentum, the price is struggling to break above the $65K resistance level, facing rejection in the last three days.
The price of Shiba Inu (SHIB) has been quite volatile recently, surging substantially before dropping 4.5% in the past 24 hours. This sudden decrease comes after a period of significant growth where SHIB’s price jumped by almost 20%. Currently, SHIB is valued at approximately $0.00001868, reflecting the recent decline. Along with the decrease in SHIB’s
In a recent development, leading crypto exchange OKX has made a bold move by announcing the discontinuation of its services in Nigeria. This decision comes in response to recent regulatory changes in the country, which have posed significant challenges for the exchange and its users. According to emails sent to OKX’s Nigerian customers, they have
The Chief Investment Officer of Bitwise Asset Management has made a bold prediction regarding Ethereum Exchange-Traded Products (ETPs) driving ETH prices to new all-time highs above $5,000 by the year’s end. The introduction of ETPs is expected to have a significant impact on Ethereum’s price, potentially surpassing the effects seen with Bitcoin. This forecast is
During this week’s market recovery, XRP has stood out as one of the top-performing crypto assets. With a recent spike to $0.62, a level not seen since March, XRP has demonstrated an impressive recovery, showcasing over 40% gains in just one week. This surge in price has been attributed to a broader market uptrend, indicating
The recent positive inflows towards spot Bitcoin ETFs have contributed to the recovery of the underlying asset’s price, which reached $66,000 for the first time in roughly a month. Bitcoin faced significant price turbulence at the beginning of the month, resulting in a price dump to a three-month low of under $54,000 on July 5.