Day: August 25, 2022

Shiba Inu Burn Events Spark A Rally In Altcoin Over The Past Weeks

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Shiba Inu community forecast a 111 trillion SHIB burn, which spurred holders of SHIB to be bullish. According to the Shiba Inu community, 111 trillion SHIB could be burnt in the upcoming year SHIB owners may have been anticipating a positive indication when they saw a large burn Crypto’s price is set to recover its losses, according to analysis of the SHIB chart’s rising formation Over the past two months, a surge in the meme coin has been brought on by the Shiba Inu burn events. The community of SHIB…

Here’s How Chingari Raises the Bar For NFT Marketplaces With Creator Cuts

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Powered by blockchain and non-fungible token technology, Web3 stands poised to disrupt the way content creators monetize their work, pulling the rug from under the corporations that previously called the shots. Leading the charge is India’s fastest-growing on-chain social app, Chingari. Dubbed “India’s TikTok,” Chingari has just released Creator Cuts — its video NFT (vNFT) marketplace. Like TikTok, Chingari is a social media platform for sharing short videos. However, its Solana network integration enables innovative new interactions, bringing creators closer to their followers than ever before. With Chingari’s social token,…

Ruling to keep Tornado Cash developer in jail for 90 days sparks backlash

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A judge in the Netherlands ruled that Tornado Cash developer Alexey Pertsev has to stay in jail for 90 more days while waiting for charges. Puzzled by the decision, the crypto community rallied to demand the release of the developer.  In a Tweet, crypto investo Ryan Adams argued that the developer did something good for the public as he wrote the code for Tornado Cash. The community member then highlighted that “a few bad guys” decided to use Pertsev’s code and now the developer has to suffer the consequences. Apart…

Bitcoin CME Front-Month Futures Reach Deepest Discount Ever Recorded

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It’s a new record for the CME. The Chicago Mercantile Exchange’s front-month contracts exhibit a large discount compared to bitcoin’s spot market price. These are the futures contracts that are soon to expire. The CME’s quarterly contracts tend to trade at a minimum premium, and this kind of discount for front-month contracts is not usual. They’ve been trading at a discount for a couple of months, but they reclaimed a premium with the market recovery at the beginning of August. As we all know, that didn’t last. The CME futures…

US court gives Voyager green light to pay bonuses to key employees

A New York bankruptcy court has given embattled cryptocurrency brokerage Voyager Digital the green light to pay retention bonuses to key staff members. The firm filed a motion with the United States Bankruptcy Court on Aug. 2 seeking approval for its Key Employee Retention Plan (KERP) which entailed $1.9 million worth of payments to 38 key employees that have been identified as crucial to the exchange’s ongoing operation. Creditors of the firm, which filed for bankruptcy in July 2022, had initially opposed Voyager’s KERP payments in a court filing on Aug.…

Top 8 Crypto Coins MASSIVE POTENTIAL (AVOID THIS 1 ALTCOIN)!! Bitcoin & Ethereum UPDATE!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 8 MASSIVE crypto coins… & 1 altcoin to AVOID? Hit Like, Share, and Subscribe for more daily cryptocurrency news Altcoin Daily, the best cryptocurrency news media online! Follow us on Twitter: Timestamps: 0:00 – Introduction (Watch the WHOLE Video) 0:25 – More People Buying Coin #1 3:14 – Jack Dorsey making Coin #1 hardware wallet FEATURES REVEALED! 5:07 – Coin #2 HUGE EVENT COMING UP! 6:10 – Coin #3 is #1 in Github commits (last 6 months)! 6:41 – Coin #4 DAILY…

East African Single Currency Unlikely to Be Introduced by 2024 – Emerging Markets Bitcoin News

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There are growing doubts about the regional economic bloc known as the East African Community’s ability to successfully launch a single currency by 2024, a report has said. One of the reasons for this is member states’ delays in meeting targets as set out in the roadmap. Attainment of Single Regional Currency a Top Priority for the EAC Central banks from an African economic union, the East African Community (EAC) are reportedly unsure if plans to introduce a single currency for the region by the year 2024 will be realized.…

Good News For Bitcoin As US Dollar Rally Falters! [Crypto Analysis]

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BTC Facing Renewed Challenge To Keep Price Above $20,000

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Bitcoin price recently completed a two-month surge that resulted in a price increase to over $25,000; consequently, investors are now concentrating on the cryptocurrency’s next target price. Bitcoin price spikes to over $25,000 following a two-month surge Bitcoin now looking bearish; struggling to keep its price above $20,000 BTC down by 0.12%; currently trading at $21,498.36 Bitcoin (BTC), the leading cryptocurrency, is now displaying negative sentiment after first exhibiting bullish indicators. The flagship coin is now fighting once more to keep its price above $20,000. By the end of September…