Day: December 29, 2021

Dogecoin, Shiba Inu, & More

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With Dogecoin and Shiba Inu at the center, 2021 observed an incredible memecoin mania.. Both DOGE and SHIB saw rallies that were unprecedented even in the crypto world. Dogecoin Vs Shiba Inu: The Stage Of The 2021 Memecoin Mania 2021 had some absurd memecoin rallies, but at the center of it all was of course the battle between the two dog coins, DOGE and SHIB. It all began when, soon after Tesla had made its purchase of Bitcoin, Elon Musk began to make frequent tweets about Dogecoin. This would become…

ROSE gains 54% in a week as the Oasis Network ecosystem expands

High transaction costs have been a thorn in the side of the top blockchain protocols for years as both Bitcoin (BTC) and Ethereum (ETH) have seen the average cost of conducting token transfers skyrocket during times of network congestion and high demand.  One layer-one (L1) protocol that has been gaining traction in recent months that seeks to offer a low-cost solution to high fees is the Oasis Network (ROSE), a privacy-focused L1 blockchain built using the Cosmos SDK and designed for open finance and a responsible data economy. Data from…

ROSE gains 54% in a week as Oasis Network ecosystem expands

boss

High transaction costs have been a thorn in the side of the top blockchain protocols for years as both Bitcoin (BTC) and Ethereum (ETH) have seen the average cost of conducting token transfers skyrocket during times of network congestion and high demand.  One layer-one (L1) protocol that has been gaining traction in recent months that seeks to offer a low-cost solution to high fees is the Oasis Network (ROSE), a privacy-focused L1 blockchain built using the Cosmos SDK and designed for open finance and a responsible data economy. Data from…

As Bitcoin and Ethereum See Sharp Drops, 18 Crypto Assets Captured Double-Digit Gains Last Week – Markets and Prices Bitcoin News

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While the crypto economy shed billions in value this week, 18 different digital assets have accrued double-digit gains during the last week. At the same time, the top two leading crypto assets by market capitalization, bitcoin and ethereum, have lost between 2.8% to 6.2% in value in seven days. 18 Crypto Assets See Values Increase by Double-Digits Bitcoin and ethereum have lost a bit of value according to weekly statistics and a number of alternative digital assets have done a whole lot better. Today, the crypto economy is worth $2.36…

Elon Musk Explains DOGE Edge Over Bitcoin, But Where Is He Wrong?

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In an interview for the Lex Fridman Podcast, CEO at Tesla Elon Musk talked about Dogecoin (DOGE), Bitcoin, Web 3, smart contracts and more. Musk has been more involved with the crypto space in 2021, but most of his takes have sparked debate and controversy. Related Reading | DOGE Plunges 9% As Creator Reveals How Much He Holds In This Cryptocurrency When asked about his preferences of DOGE over Bitcoin, Musk claimed that “even though” the former was created as a joke it is superior to BTC on transaction volume, and…

Coinone will stop withdrawals to unverified external wallets

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South Korean crypto exchange Coinone has announced it plans to no longer allow withdrawals of tokens to unverified external wallets starting in January. In a Wednesday announcement, Coinone said users would have from Dec. 30 to Jan. 23 to register their external wallets at the exchange, after which time it would restrict withdrawals. The exchange specified that crypto users could only register their own wallets, and the verification process “may take some time” and could change in the future. According to Coinone, it planned to verify users’ names and resident…

Over 90% of Exchange Altcoin Supply Held by Whales Despite Correction From All-Time High: Analytics Firm IntoTheBlock

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Crypto whales are buying up the supply of one exchange altcoin despite the asset’s significant price correction in the past month. Digital asset analytics firm IntoTheBlock reports that “large holders” own 93% of the supply of Crypto.com Coin (CRO), the cryptocurrency that powers the Crypto.com platform. Crypto.com Coin surged to an all-time high of nearly $0.97 in late November on the heels of an announcement that the iconic Staples Center in Los Angeles was rebranding to Crypto.com Arena. CRO has since corrected and is currently trading around $0.57. IntoTheBlock considers…

An Emotional Rollercoaster For Crypto Investors

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The crypto market this year saw some ups and downs that had market sentiment fluctuating widely. Investors had experienced a year like no other given the multiple bulls runs and subsequent crashes and dips that then plagued the market. For some, it was the best year after their portfolios lay in the red for the past three years, while for others, especially those who got in at the height of the bull rallies, it has been a brutal year. Nonetheless, it has been a year packed with lessons for all…

India’s Central Bank RBI Discusses Digital Currency and CBDC Launch With Minimal Impact on Monetary Policy – Regulation Bitcoin News

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India’s central bank, the Reserve Bank of India (RBI), says a basic central bank digital currency (CBDC) model must be adopted initially and tested comprehensively to minimize the impact on the country’s monetary policy and banking system. The Indian apex bank sees several benefits in launching a digital rupee, including “a potential to enhance the efficiency of cross-border payments.” RBI Outlines Benefits of Issuing Digital Currency and How to Launch a CBDC With Minimal Impact The Reserve Bank of India (RBI) released its “Report on Trend and Progress of Banking…