Category: Crypto
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Shiba Inu Burns 8.7 Billion Tokens, Fueling Future Outlook
SHIB Burns and Reduction in Circulation While any member of the Shiba Inu community can carry out SHIB burns, the Shiba Inu team has been particularly active lately. The process involves permanently removing the burned tokens from circulation, resulting in a decrease in the quantity of available SHIB. LUCIE, Shiba Inu’s marketing lead, shared on […]
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TRON Founder Justin Sun Considers Memecoin Market Entry with Coconut Chicken Coin
Engaging the Community in a New Venture In a captivating development within the cryptocurrency world, Justin Sun, the innovative mind behind the TRON blockchain, is contemplating entering the meme-coin market with a proposed new digital currency called Coconut Chicken Coin (CCC). With the potential addition of CCC to the TRON ecosystem, Sun’s initiative has stirred […]
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Raydium’s Native Token RAY Soars 95% on Solana as Network Growth Booms
Raydium’s Rapid Rise The native token of Raydium (RAY), an on-chain order book automated market maker (AMM) built on Solana (SOL), has experienced a staggering surge of over 95% this week. Currently trading at $1.72, RAY has witnessed a significant increase from approximately $0.88 just one week ago. It is worth mentioning that this crypto […]
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Ethereum’s Resurgence: Striving for $2,500 amid Growing Investor Confidence
Ether’s Battle Against the Odds In the first half of December, ETH struggled to break through the $2,400 resistance level, only to retest the $2,120 support level and bounce back even stronger. As of December 22, Ethereum has recorded a notable 4% increase, standing out in a market where other major cryptocurrencies such as Bitcoin […]
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Michael Novogratz’s Interviews Unveil Bitcoin’s Resilience and Regulatory Potential
Regulatory Landscape and Institutional Interest Addressing concerns about the exuberance in the crypto market, Novogratz noted the high enthusiasm in crypto stocks while acknowledging the possibility of a correction. However, he maintained a bullish outlook on the overall market. Novogratz also discussed the regulatory environment, emphasizing the bipartisan interest in Washington for clear legislation on […]
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Blockchain: Revolutionizing Music Distribution, Ownership, and Fan Engagement
Enhancing Music Distribution and Ownership Traditionally, a few major players have dominated the music industry, leaving artists with limited control and earnings. However, blockchain provides a direct link between artists and their audience, enabling artists to sell their music directly to fans. This eliminates intermediaries and allows artists to retain a larger share of their […]
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SEC Acknowledges Errors in Fraud Case Amid Dispute with Defendants
Temporary Restraining Order Obtained by SEC In an effort to halt DEBT Box’s activities, the SEC managed to obtain a temporary restraining order (TRO) and asset freeze. The commission argues that the company and its founders were using investor funds to make luxury purchases and transfer money to overseas accounts. Motion to Dissolve Restraining Order […]
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Solana’s Price Surges Over $100, Flips XRP and BNB in Market Cap
Solana’s Market Cap and Dominance Presently, Solana boasts a market cap of approximately $44 billion. Last week, transaction volume for decentralized exchanges (DEXs) on the Solana blockchain exceeded that of rival Ethereum for the very first time. This was driven, in part, by the surge in popularity of meme coins like BONK and Dogwifhat (WIF) […]
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Crypto Markets Surge as Bitcoin Hits $44k and Solana Rallies, Ethereum Soars
Bitcoin Hits $44,000 Again Amidst ETF News In a surprising turn of events, the holiday season seems to be lacking luster in the world of cryptocurrency. Bitcoin, the leading digital coin by market cap, had a sluggish start but managed to reach $44,000 per coin for the second time this month. Currently, it is trading […]
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Ethereum Predicted to Surpass Bitcoin in 2024, Solana Emerges as Competitor
Ethereum May Repeat Bull Market Price Pattern Former Goldman Sachs executive Raoul Pal has made a bold prediction, stating that Ethereum (ETH) will surpass Bitcoin (BTC) in performance by 2024. Pal, who is also the CEO of Real Vision, shared his viewpoint with his one million followers on the social media platform X. He highlighted […]