Day: December 8, 2023

How This Compares With DOGE, SHIB

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On-chain data shows 63.2% of all PEPE holders are now holding some profit. Here’s how this compares against DOGE, SHIB, and other memecoins. PEPE Has Recently Woken Up With Fresh Rally And On-Chain Activity According to data from the market intelligence platform IntoTheBlock, PEPE’s latest price surge of over 37% during the past week has meant that its holder profitability ratio has observed a significant jump. The below chart shows how the percentage of the holders carrying some unrealized profit has changed for PEPE during the last few months and…

BRC-20 tokens are presenting new opportunities for Bitcoin

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While the ossification of Bitcoin’s codebase has brought stability and reliability, it’s made Bitcoin a little… well, boring. Where once the Bitcoin ecosystem formed a hub of innovation and a hive of activity, that momentum has shifted to second- and third-generation chains whose architecture is better suited to supporting multiple use cases and applications. At least that was the case until the emergence of Ordinals, a technology that has sparked a new wave of innovation on Bitcoin. Throughout 2023, Bitcoin’s ecosystem developed rapidly. Emerging asset types, exemplified by Ordinals NFTs…

Analysts Believe Bitcoin Begins Early Bull Run and May Hit $50,000 This Month

Analysts are bullish on Bitcoin’s chance of rally and are suggesting that the king coin may have begun a rally and could hit $50,000 in weeks. A Bitcoin analyst has said that Bitcoin (BTC) is already displaying signs of an early bull market, while another predicts $50,000 this month. This means that BTC could end the year considerably higher than its current price of $43,573, according to CoinMarketCap. Bitcoin has gained more than 13% in the past week, continuing its bull rally. According to analyst Alistar Milne, the bear market…

FCA Raises Red Flag on Crypto Exchange LYKKE

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The UK’s Financial Conduct Authority (FCA) has issued a warning, cautioning against engaging with LYKKE due to the exchange’s potential unauthorized financial promotions. The regulator mentioned that the crypto exchange was promoting financial services or products without obtaining the required authorization from the regulatory body. The FCA’s alert provides specific details about the unauthorized firm, LYKKE, warning individuals and firms against engaging with it. The firm operates under the name LYKKE. This includes a cautionary list of contact details associated with LYKKE, including email addresses, a website, mobile applications, and…

Is crypto market past ‘point of no return?’

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Bitcoin and the broader crypto market have been gleefully declared dead more than a few times during bear markets, but some experts say it would take a genuinely extreme set of events for it to truly die. According to 99Bitcoins — a website that, among other things, tracks how many times Bitcoin (BTC) has been declared dead by mainstream media outlets — the largest crypto by market cap has died 474 times since 2010. Often, the proclamation is met with cheering by crypto skeptics as evidence that BTC is not…

Ethereum Price Soars To Over $2,300

The market performance of Ethereum has been steadily rising since October, marking a positive and long-lasting trend. Increased buying activity has been the main driver of this positive momentum that has persisted over time, pushing the cryptocurrency beyond the vaunted $2,000 resistance mark and igniting a continuing rally. The value of Ethereum has sharply grown as a direct result of this increased demand and market optimism, with its sights set on breaking through the crucial resistance region at $2,300. This upward trend serves as another evidence of the increasing investor…

L2 Crypto Project Blast Crosses $822M in TVL Ahead of Next Year’s Mainnet Launch

Blast has announced that it is hiring for senior DevOps engineer and senior protocol engineer to ensure a timely mainnet launch in February 2024. Amid the heightened demand for liquid staking on the Ethereum (ETH) network from institutional investors, Blast protocol, a layer two (L2) project backed by Paradigm venture capital and Standard Crypto, has set a new record in Total Value Locked (TVL) and community members. According to the latest market data provided through DeBank, Blast protocol has about 308,114 Ether worth approximately $727.7 million. Additionally, the Blast protocol…

Microsoft faces UK antitrust probe over OpenAI deal structure

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The United Kingdom’s antitrust regulator is considering initiating a merger investigation into Microsoft’s multibillion-dollar collaboration with OpenAI. This announcement resulted in a response from Microsoft, declaring that it only plays a non-voting observer role on the board of the ChatGPT maker. The investigation announcement follows the ChatGPT maker’s disclosure that the United States tech giant would hold a non-voting board seat. The examination will assess whether the collaboration constitutes an “acquisition of control,” implying the substantial influence of one party over another, as stated by the Competition and Markets Authority…

Vanguard and State Street Steer Clear of Bitcoin ETF Hype

Despite Vanguard and State Street’s decision to abstain, the SEC is approaching a crucial deadline to announce its decision on the first Bitcoin ETF in early January.  The anticipation surrounding the potential approval of spot Bitcoin Exchange-Traded Funds (ETFs) in the United States has reached its zenith. However, amid the frenzy, two major players in the ETF industry, Vanguard Group, and State Street Corp (NYSE: STT), have notably chosen to stay on the sidelines. While other industry giants like BlackRock Inc (NYSE: BLK) and Grayscale Investments LLC eagerly await regulatory…

Bitcoin Price Remains Strong and Eyes Fresh Surge Above $44K

Bitcoin price corrected lower and tested the $42,800 support zone. BTC is now showing positive signs and might attempt a fresh surge above $44,000. Bitcoin is holding gains above the $42,500 pivot level. The price is trading above $42,800 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $42,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely setting up for a fresh increase above the $44,000 level. Bitcoin Price Eyes Fresh Increase Bitcoin…