Mt Gox could be approaching the last step of returning funds to its creditor community, as indicated by recent positive developments on their website, which has sparked excitement among users on Reddit. Mt Gox Repayment May Not Be Close The Mt Gox website encountered some difficulties and went offline a few days ago. This issue … Read more
A canine-themed cryptocurrency called Bonk (BONK), which operates on the Solana blockchain, experienced a notable increase of approximately 43% due to a general uptick in meme coins and the suggestion of a significant burn of over 280 billion tokens from its treasury. When I penned down these words, BONK had surged by 41.82% within the … Read more
Institutional investors are increasingly entering the bitcoin market by investing in Bitcoin ETFs, marking a significant change in the crypto investment scene. CEO Hunter Horsley of Bitwise recently made a bold announcement, predicting a significant increase in Bitcoin ETF holdings by wealth management firms by the end of 2024. This forecast highlights a larger trend … Read more
On April 19, 2024, a significant moment occurred in the crypto world: the fourth Bitcoin Halving. This is when the reward for mining new Bitcoin blocks was lowered from 6.25 to 3.125 Bitcoins. Consequently, the pace at which fresh Bitcoins entered circulation decreased. In simpler terms, although some view this recent growth as a strong … Read more
According to Nate Geraci, president of the ETF Store, there’s a widespread belief that the SEC won’t give its approval for Ethereum spot ETFs in May. This is due to the lack of engagement with issuers over the past few weeks. Recently, Barron’s mentioned that talks surrounding spot ETFs have been heavily favoring one perspective. … Read more
The burn rate of Shiba Inu (SHIB), an important indicator of growth, increased over 57,000% within the past day, suggesting a significant effort to enhance its deflationary nature. Shiba Inu Records Largest Monthly Burn Rate According to Shibburn, the meme coin’s burn tracker, a burn rate of 57,262.74% was spotted. Approximately 396 million SHIB tokens … Read more
Newly disclosed emails between Satoshi Nakamoto, the hidden creator of Bitcoin, and Martti Malmi, an early Bitcoin collaborator, provide insights into Bitcoin’s founding ideology and early operational challenges. These emails are part of a larger correspondence uncovered during lawsuits against Craig Wright. They reveal Nakamoto’s intentions for Bitcoin, including his anxiety that it would be … Read more
After the Bitcoin (BTC) halving, the cost of transactions on the network surged due to the introduction of the Runes token standard, causing gas fees to explode. However, as a surprising turn of events, CryptoQuant analyst Julio Moreno has noted that transaction fees have been decreasing sharply. Based on his examination, there were an enormous … Read more
Based on information from CoinGecko, the popular meme cryptocurrency Shiba Inu (SHIB) has gained over 17% in value. A meme cryptocurrency currently costs around $0.0000268 on popular trading platforms, down from its previous high of $0.00002795. Currently valued at $15.8 billion, it is the 12th biggest cryptocurrency by market cap. Dogecoin (DOGE) is the biggest … Read more
An anonymous large investor, referred to as a whale, significantly transferred 100 billion SHIB tokens from one wallet (beginning with 0x859) on an exchange, suggesting a potential selling frenzy. This unexpected network activity comes amidst SHIB’s bullish market trend, causing some uncertainty. Initially, large transactions may cause market turbulence, possibly resulting in decreased prices as … Read more