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Before we dive into the burnt Shiba Inu tokens Token burning in cryptocurrency refers to the intentional removal of a certain number of tokens from circulation. [ez-toc] This process involves sending the tokens to an unspendable or “burn” address, effectively taking them out of circulation permanently. Token burning serves several purposes within the cryptocurrency ecosystem….
The long-standing lawsuit between Ripple and the Securities and Exchange Commission (SEC) may soon reach a conclusion, according to Ripple CEO, Brad Garlinghouse. After more than two years of legal battles, the XRP community eagerly awaits a resolution to this high-stakes confrontation. The speculation about an impending resolution was initiated by a Twitter user known…
In a parallel trend to Bitcoin, Ethereum’s exchange balance has been steadily decreasing, reaching a five-year low. Data from Glassnode, an on-chain analytics firm, reveals that the amount of Ethereum held on exchanges has dwindled to 17.86 million, the lowest value since April 2018. This decline in Ethereum exchange balance can be attributed to multiple…
The rise of cryptocurrencies and digital assets has brought about numerous opportunities and challenges for the financial industry. As the market continues to evolve, regulators across the globe are considering the implementation of global cryptocurrency regulations to protect consumers and businesses from potential risks and losses. The International Organization of Securities Commissions (IOSCO), a global finance…
Before we look into Hotbit, Huobi Global Limited, one of the leading cryptocurrency exchanges, is facing deepening struggles as the Securities Commission (SC) of Malaysia has ordered it to cease operations in the country due to illegal activities. The SC has issued a public reprimand against Huobi Global Limited and its CEO, Leon Li, for…
Litecoin ($LTC) has emerged as one of the leading cryptocurrencies in the digital asset market. Often referred to as the “silver to Bitcoin’s gold,” $LTC has gained popularity and recognition for its unique features and potential for growth. Created in 2011 by Charlie Lee, a former Google engineer, $LTC was designed to be a peer-to-peer…
Bitcoin and Ethereum supply on exchanges hit all-time lows as investors withdraw their assets from crypto exchanges. The market remains calm with minor price movements in the past 24 hours, but bearish cues have prompted players to purchase and withdraw their cryptocurrencies. According to Santiment, Bitcoin’s current supply on exchanges is at its lowest level…
Ripple, a US-based crypto solutions provider, has recently acquired Metaco, a Swiss start-up specializing in digital asset custody and tokenization technology. Ripple is a blockchain technology company known for its digital payment protocol and cryptocurrency, XRP. Built upon a distributed ledger technology, Ripple aims to revolutionize cross-border payments by enabling faster, more efficient, and cost-effective…
The U.S. Securities and Exchange Commission (SEC) plays a crucial role in regulating the securities markets and protecting investors. It ensures fair practices, promotes disclosure, and monitors corporate actions. [ez-toc] On the other hand, Coinbase exchange, the largest cryptocurrency exchange in the United States, has been at odds with the SEC over regulatory clarity for…
For a lot of time, the metaverse has failed to impress a lot of non-tech-savvy consumers. It has been known as a baffling concept that talks about a digitized universe or virtual reality, that emerges through the mysterious use of devices that enable users with the access to escape into a virtual world. Just…
Before we talk about the Pepe vs Coinbase issue, lets find out a little about the latest trend in the crypto world. [ez-toc] What is Pepe Coin? Pepe Coin ($PEPE) is a memecoin built on Ethereum that has gained significant popularity since its launch in April 2023, quickly becoming one of the top 50 traded…
[ez-toc] Cryptocurrencies have revolutionized the way we think about money, investments, and finance. They offer a decentralized system that operates independently of any government or central authority. The increasing popularity of cryptocurrencies has led to the emergence of numerous trading platforms, including OKX, Binance, and Coinbase. Coinbase is a popular cryptocurrency exchange that offers several…
Ripple is a blockchain technology company that provides fast, secure, and low-cost cross-border payment solutions. Its native digital asset, Ripple XRP, is used to facilitate these transactions and is also available for trading on various cryptocurrency exchanges. One of the unique features of Ripple’s technology is the use of a consensus algorithm, rather than a…
In the world of cryptocurrencies, Bitcoin and Ethereum are the two major players that have been dominating the market for quite some time. However, there are other cryptocurrencies that are showing potential for growth in the near future. Here we will take a look at five cryptocurrencies that may have an upside potential in the…
