The Shiba Inu team made an important financial announcement: they raised $12 million by selling their new utility token, TREAT, in a funding round. This round was spearheaded by Animoca Brands, a Web3 investment firm, and attracted numerous investors specializing in blockchain technology. With this strong backing, the Shiba Inu team is now prepared to … Read more
Institutions have regained trust in the Bitcoin market following the halving event, leading to increases in the values of top cryptocurrencies and memecoins. Prior to the halving, there were net withdrawals from crypto assets as negative market sentiment grew due to economic concerns and miner activity. Despite the charts indicating most cryptocurrencies and meme coins … Read more
There’s been lots of talk among Bitcoin (BTC) enthusiasts online about a potential 1% wealth tax for large-holders of the cryptocurrency. This isn’t confirmed yet, but a letter to US President Joe Biden has fueled speculation and sparked significant interest. Rumored 1% wealth tax on crypto A false letter, believed to be penned by Senator … Read more
David Schwartz, the CTO of Ripple, has joined a debate centered around who gets to decide the use of hash power in the Bitcoin network. In reply to tweets, Schwartz raises an alternative viewpoint, challenging the assumption that those controlling the largest share of Bitcoin’s computational power have the right to claim the name for … Read more
BlackRock’s Bitcoin ETF, IBIT, is approaching a noteworthy accomplishment as it records its 69th consecutive day of inflows. This feat positions IBIT just short of joining the elite top 10 ETFs with the longest daily inflow streaks, currently sharing this distinction with JETS, the U.S. Global Jets ETF. Eric Balchunas, an acknowledged ETF authority at … Read more
Celo’s main developer, cLabs, has revealed that they will use Optimism’s OP Stack for their upcoming Ethereum Layer 2 project. This decision comes after an exhaustive eight-month evaluation process where several scaling solutions were put through rigorous testing. Celo Transition to Layer 2 Celo’s decision to employ the OP Stack, which is now being adopted … Read more
XRP’s value has noticeably increased in the last 24 hours, showing a promising change in direction. Defying downtrends, XRP has rebounded and moved past $0.53. At present, XRP is being traded at $0.5349, reflecting an upward trajectory. XRP Price Prediction: Poised for Potential Growth The total value of XRP in circulation has increased to approximately … Read more
According to CoinShares’ latest disclosure, Cardano (ADA) has become a leading player in the cryptocurrency market with an impressive 500% increase in investment inflows over the last week. The report on cryptocurrency investment products revealed that the value of investments linked to Cardano reached an impressive $1 million milestone, indicating a notable change in investor … Read more
Michael Saylor, the founder and ex-CEO of MicroStrategy, caused a commotion in the Bitcoin world with a recent tweet. The subtlety in his message sparked a passionate debate among Bitcoin owners. Saylor’s Bitcoin-robot tweet Michael Saylor, a member of MicroStrategy’s management team and head of its Bitcoin initiative, frequently shares AI-generated pictures accompanied by pro-Bitcoin … Read more
The Glassnode cofounders, who manage the X account on Twitter with the handle @cnFkOb2r, recently shared their optimistic perspective on the cryptocurrency market in a tweet. They noted that the sector, aside from the top 10 currencies, is exhibiting robust upward momentum and could experience substantial growth in the future. The tweet brought attention to … Read more