Shiba Inu, a meme coin that has gained significant popularity in recent times, experienced a sudden surge in its burn rate. In a span of just 24 hours, the burn rate increased by a staggering 450%, resulting in approximately 50 million tokens being sent to a null address. While the USD equivalent of this may
Crypto
Ethereum co-founder Vitalik Buterin has recently cautioned against the practice of basing political support solely on a candidate’s pro-crypto positions. While recognizing the significance of cryptocurrency in the technological landscape, Buterin stressed the need to consider broader values such as individual freedoms and societal advancement. He highlighted that focusing solely on cryptocurrency support could potentially
DeFi Technologies (DEFTF), a renowned Canadian fintech company, has recently made significant moves in the cryptocurrency market by acquiring a substantial amount of Bitcoin and expanding its portfolio to include altcoins. The company’s decision to make Bitcoin a core part of its treasury strategy has proven to be a successful one, with the recent purchase
BlockFi, a crypto lender that recently emerged from bankruptcy, has unveiled a significant development in its efforts to repay its clients. The company announced that it will start the first interim distribution of funds to clients through Coinbase this month. This distribution will be carried out in batches over the next few months, beginning in
Bitcoin has recently seen a recovery in its price after a month of bearish price action. The market is currently showing upward momentum, raising the possibility of hitting a new all-time high soon. On the daily chart, Bitcoin found support at the $56K level and reclaimed the 200-day moving average around $60K. Despite these positive
Shiba Inu (SHIB) has experienced a rollercoaster ride in terms of its price recently. The second-largest meme coin in terms of market capitalization saw a substantial surge in the past two weeks, with its price jumping by almost 20%. However, this rally was abruptly halted in the last 24 hours, with SHIB’s price dropping by
Cryptocurrency exchange OKX recently announced the discontinuation of its services in Nigeria, citing recent regulatory changes as the primary reason. Nigerian users of OKX received emails informing them that they have until August 30 to withdraw their assets from the platform. After August 16, users will no longer be able to open new positions, accounts,
Bitwise Asset Management’s Chief Investment Officer has made bold predictions regarding the price of Ethereum (ETH) following the introduction of Ethereum Exchange-Traded Products (ETPs). According to the CIO, ETH prices could potentially surpass $5,000 by the end of the year as a result of ETP flows. It is suggested that ETP flows may have a
In recent times, XRP has stood out as one of the top-performing cryptocurrency assets as the market experiences a gradual recovery. The digital asset managed to reach $0.62, a price level not seen since March, showcasing its resilience and potential for growth. Over the past week, XRP has seen an impressive increase of over 40%,
In the volatile world of cryptocurrency, Bitcoin recently experienced a significant price surge, reaching $66,000 for the first time in approximately a month. This uptick follows a tumultuous period where the price of Bitcoin plummeted to a three-month low of under $54,000 on July 5. However, since then, the digital asset has managed to bounce
