Tag: Bitcoin
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Bitcoin NFTs Surge: $425.63 Million Sales and Challenging Ethereum’s Dominance
Bitcoin NFT Sales Outperform Competitors Over the past six weeks, BTC-based NFTs, specifically Ordinal inscriptions, have demonstrated impressive sales rates. According to data from cryptoslam.io, BTC achieved $425.63 million in NFT sales in the last week, surpassing the runner-up Solana, which recorded $104 million in seven days. Ethereum, traditionally a frontrunner in NFT sales, now […]
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US Appeals Court Finalizes Forfeiture of 69,370 Bitcoin in Silk Road Case
Final Chapter in Silk Road Saga Silk Road, a now-defunct dark web marketplace, became synonymous with BTC during its early days. The recent development reported confirms that efforts to hold accountable those involved with Silk Road have made significant progress. This latest confirmation follows the US Department of Justice’s initial seizure of these assets back […]
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Argentina Embraces Bitcoin: A Landmark Shift in Economic Policy
A New Horizon of Economic Flexibility Minister Mondino highlights that the “Bases for the Reconstruction of the Argentine Economy” decree, passed on December 20, expands the range of acceptable currencies for contractual obligations, encompassing even those that are not officially recognized as legal tender in Argentina. Under Article 1196 of the decree, contracting parties have […]
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Phantom Wallet: Revolutionizing Crypto Management with Bitcoin Integration
A Game-Changer for Phantom Wallet Users Phantom Wallet, known for its advanced Web3 capabilities, has taken a bold step into the world of Bitcoin. This expansion, which already includes support for Ethereum and Polygon, demonstrates the wallet’s commitment to catering to a wider user base and improving its overall utility. With this new feature, Phantom […]
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Market Watch: Social Media Discussions Soar for Solana, Stacks, and NEAR Protocol
Increased Social Volumes for Trending Assets Santiment reports that Solana (+13%), Stacks (+23%), and NEAR Protocol (+17%) are the top trending assets, with social media discussions reaching new heights. Such mainstream attention often triggers FOMO (fear of missing out) and can potentially lead to price tops within the market. As of now, Solana is trading […]
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Ethereum Struggles Against Bitcoin and Solana, Future Uncertain
Ethereum’s Performance Lagging Behind Bitcoin and Solana Ethereum’s performance in the cryptocurrency market has raised eyebrows, as its price remains behind that of Bitcoin and Solana. In December, the Ethereum to Bitcoin price ratio fell below 0.05 BTC, hitting a two-year low. While the ratio had been hovering around 0.072 since the beginning of 2023, […]
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Bitcoin: The Path to Millionaire Status and Institutional Investors’ Growing Interest
1. Looking Beyond Digital Gold: Bitcoin’s Potential Often perceived solely as digital gold, Bitcoin was initially proposed by the pseudonymous Satoshi Nakamoto in the form of a peer-to-peer electronic cash system. However, in its Big Ideas 2023 report, Ark Invest identifies eight potential uses for Bitcoin that, when combined with future growth projections, could result […]
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Trader Turns $454 into $2.19 Million in Two Weeks with COQ and WBTC
COQ Acquisition Turns Into Millions On-chain data tracker Lookonchain has identified an impressive trading feat where a trader turned a mere $500 investment into a staggering $2.19 million within a two-week span. The trader achieved this success by acquiring a substantial stack of Coq Inu (COQ), a memecoin that operates on the Avalanche (AVAX) network. […]
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The Crypto Market Thrives as Investors Embrace Small Steps Forward
Advancements in the Crypto Industry Recent news indicates that Blackrock, Nasdaq, and the Securities and Exchange Commission convened for a second time to discuss potential rule changes for listing a Bitcoin exchange-traded fund (ETF). This development, if implemented, could attract fresh investment into the crypto market, making it more accessible for new participants. Currently, buying […]
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Crypto Surge: Bitcoin’s Rise Ignites Altcoins and Attracts Venture Capital
Venture Capital Inflows Energize Crypto Sectors Against a backdrop of global geopolitical unrest and fluctuating interest rates, the cryptocurrency venture capital (VC) sector witnessed a remarkable surge in funding during November 2023. Investment activities soared to an impressive $973 million across 93 deals, marking the highest level of activity since June 2023 and representing a […]