Category: Crypto
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Crypto Community Buzzing as Bitcoin Fork Talks Spur Congestion Concerns
Congestion Spurs Conversations about a Bitcoin Fork As of December 23, 2023, a noteworthy backlog of 291,660 unconfirmed transactions magnifies the hurdles confronting the existing network. This represents a considerable decrease from the peak on December 16, 2023, when the rate skyrocketed to 674 sat/vB, resulting in a $40 cost per transfer. The dialogue surrounding […]
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Meme Mania: Ethereum, Solana, Arbitrum, Avalanche – The Battle of Meme Coins
”’ Ethereum: The King of Meme Coins Ethereum has cemented its reputation as the hub for meme coins, hosting some of the most prominent ones to date. Among these, Shiba Inu stands out as the largest meme coin on Ethereum, boasting a market cap of $6.3 billion. It also holds the title of the largest […]
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Bitcoin Mining Difficulty Skyrockets, Hashrate Reaches All-Time High
Bitcoin mining difficulty explained Bitcoin’s mining difficulty is a metric determined by a specific target hash value that miners aim to achieve. With a difficulty level of 72 trillion, miners must generate a hash value below this threshold to successfully mine a new block. Following this 6.98% increase, the next difficulty adjustment is anticipated to […]
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Crypto Markets Stay Active Even on Christmas Day, Thanks to Liquidity Providers
The Unsleeping Cryptocurrency Markets While the rest of the financial world takes a break on Christmas Day and New Year’s Eve, the crypto markets continue to hum with activity. Crypto brokerage shops, market makers, and over-the-counter trading operations are wide awake, accepting orders and providing liquidity even during the holidays. A Network of Constant Exchange […]
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2023 Crypto Tech Roundup: From Smartphones to NFT Art Frames
Solana Saga smartphone In April, Solana introduced the Saga smartphone—a revolutionary device tailored specifically for the Solana ecosystem. With a built-in hardware wallet and a native store for decentralized applications (dapps), this smartphone represents the first step towards bringing crypto to a billion people. Decrypt labeled it as “polished and premium,” praising its intuitive Web3 […]
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AVAX and SOL Gain Momentum as Crypto Market Signals Bullish Momentum
Avalanche’s Price Correction However, Avalanche has not yet surpassed the $50 mark due to a sharp rejection over the previous weekend, causing a drop to $44. In a surprising development, investors have staked AVAX tokens worth over 1 billion in the past five days. Concerns about the AVAX token’s market trends have prompted investors to […]
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Solana (SOL) Shines Amid Ethereum Woes, Attracts Institutional Interest
Ethereum’s Growing Pains: A Boon for SOL A significant factor contributing to the surge in Solana’s price is the recent escalation of gas fees on the Ethereum network. Ethereum, a major player and Solana’s layer-one blockchain competitor, has witnessed a substantial increase in transaction costs. At one point, executing a $50 transaction on Ethereum would […]
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Japan Approves Tax Revision for Long-Term Crypto Holdings, Boosting Web3 Business
Eliminating Mark-to-Market Valuation for Long-Term Holdings Under the proposed revision, the mark-to-market valuation for crypto assets will no longer be applied if companies hold these assets for an extended duration. By removing this requirement, corporations will be relieved from paying taxes on unrealized gains derived from their long-term crypto holdings. According to industry insiders, short-term […]
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Alternative metrics, Lido’s rise, and PancakeSwap’s dominance reshape DeFi landscape
Maker and the Spark Protocol Maker stands out for its strategic investments in US Treasury bonds, capitalizing on rising interest rates to capture yield. The Spark Protocol subDAO, part of Founder Rune Christensen’s vision for Maker’s future, offered investors exposure to T-bill yield through a locked version of the DAI stablecoin. At its peak, the […]
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The UAE’s Game-Changing Move: Redefining Global Economic Order with China
China and UAE: A Strategic Collaboration in the Shadow of BRICS The UAE’s aspiration to become a global player is rooted in its recent alignment with the BRICS nations, a coalition that is steadily gaining momentum as a counterweight to Western economic dominance. At the heart of this strategy lies the strengthening of ties with […]