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The recent boom in Dogecoin transactions has caught the eye of the crypto world, and it seems closely tied to a trend resembling non fungible tokens (NFTs). Dogecoin Transactions Surge This surge, stems from pictures being added to the blockchain, similar to the way Non-Fungible Tokens (NFTs) work. This situation has sparked conversations within the…
Following Ripple’s 112M Dollars exploit, the company faced a big problem as 213 million XRP was taken without permission. Chris Larsen, the chairman of Ripple, quickly responded to the situation. Response To Ripple’s 112M Dollars Exploit and Token Recovery Efforts Chris Larsen clarified that the tokens involved in the Ripple’s 112M Dollars exploit were not…
In recent times, Cryptocurrency has seen a big move of Bitcoin (BTC) from Bitcoin miners’ wallets to exchanges, marking the most significant selling wave since May 2023. The latest btc news has led to a closer look at how the market reacts when miners get more active. Market Dynamics Amidst The Latest BTC News According…
In a major legal case, more than 61000 Bitcoins worth of Bitcoin investment has been taken by the authorities, revealing accusations of money laundering involving a former Chinese takeaway worker. Money Laundering Allegations and Front Person Role In A 61000 Bitcoins Fraud Case The trial at Southwark Crown Court is shedding light on the alleged involvement…
Ripple Labs Moves Millions of XRP and this has become a topic of interest, sparking discussions about transaction analysis and liquidation patterns in cryptocurrency. Transaction Analysis and Liquidation Patterns Looking back at Ripple’s track record, it’s clear that moving substantial amounts of XRP is not a new action for the company. They often use exchanges like…
Tesla’s Bitcoin Holdings have been a hot topic recently, especially regarding the strategic moves the company made by selling 70% of its Bitcoin reserves. Strategic Bitcoin Sales and Missed Profit This decision, driven by a desire to show that Bitcoin is easy to convert into cash and to strengthen Tesla’s financial position during uncertain times,…
The release of the US inflation data is important in finance. It’s important to know how the market reacts when the actual data is different from what people expected. Market Impact of Deviations from Expectations Of The US Inflation Data Investors and traders usually make decisions based on predictions and past trends. But when the…
The preliminary data shared by Bloomberg analyst Eric Balchunas reveals that the nine recently introduced spot Bitcoin ETFs have garnered almost $4 billion in assets under management. Fidelity and BlackRock’s ETFs are in close competition for the leading position. After six complete trading days, the nine authorized spot Bitcoin ETFs now collectively hold 95,000 bitcoins,…
US Appeals Court Finalizes Forfeiture of Silk Road Bitcoins In a recent development, a US appeals court has officially confirmed the forfeiture of Silk Road Bitcoin which amounts to a total of 69,370 bitcoins and other cryptocurrencies tied to the infamous Silk Road dark web marketplace. The court mandate solidifies the initial judgment made in…
BlackRock, Nasdaq, and SEC Continue Discussions Source: Cointelegraph In the latest development, financial giants BlackRock and Nasdaq, alongside the United States Securities and Exchange Commission (SEC), had their second meeting in December to talk about their application for a Bitcoin exchange-traded fund (ETF). As per an SEC memo, the three parties focused on the…
In the ongoing clash between Coinbase and the U.S. Securities and Exchange Commission (SEC), Coinbase Appeal shows it’s steadfast in its quest for clear rules on cryptocurrencies tagged as securities Coinbase’s Fight for Crypto Regulation: Challenging SEC’s Denial In the ongoing clash between Coinbase and the U.S. Securities and Exchange Commission (SEC), Coinbase is steadfast…
A recent survey indicates that nearly half of Nigerians, about 47%, are actively participating in cryptocurrency trading, integrating it into their financial activities. The research further reveals a 15% increase in crypto ownership in the country from 2020 to 2023. Hopefully they do more in 2024. Cryptocurrencies Shift from Being Viewed as Speculative Assets Analysis…
The U.S. Securities and Exchange Commission (SEC) has reiterated its caution about the “exceptional risks” associated with investments in crypto assets. The regulatory body emphasized that crypto-related investments remain susceptible to fraud, encompassing fraudulent coin offerings, Ponzi and pyramid schemes, and cases of outright theft where project promoters vanish with investors’ funds. SEC Issues Warnings…
U.S. House Committee Unanimously Passes Blockchain Bill Source: Yahoo Finance The House Committee on Energy and Commerce made significant strides on Tuesday by unanimously passing a blockchain bill. This legislation entrusts the Secretary of Commerce with the responsibility of advancing the competitiveness of the United States concerning the “deployment, use, application, and competitiveness of…
