Day: December 15, 2023

ABT token price spikes over 80% in 24 hour trading

The price of Arcblock increased over 80% in the last day, reaching a high of $0.31 before pulling back to $0.25. The price of Arcblock (ABT) surged over 80% in just 24 hours earlier today, rising from $0.17 to an intraday high of $0.3133 before pulling back to $0.2527 as of press time. This marks a nearly 50% gain over the same period. Trading volume for ABT also spiked by over 820%, reaching $12.8 million over the last 24 hours compared to just $1.39 million the day before. However, the…

Cardano adds 17% as analysts monitor 3 altcoins

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bullish macroeconomic CPI and inflation announcements in the U.S. have paved the way for a “Santa rally” in December. Investors are now eyeing the Bitcoin ETF approvals expected in January. The Securities and Exchange Commission (SEC) authorizes this product, prices might extend gains. Cardano (ADA) appears to be leading the way, adding 17% in the last 24 hours. Meanwhile, the coin is up 46% this week and 78% this…

SafeMoon falls 31% in five hours after filing for Chapter 7 bankruptcy

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The token of decentralized finance protocol SafeMoon (SFM) has fallen 31% in five hours after the company filed for bankruptcy. Safemoon officially applied for Chapter 7 bankruptcy, also known as “liquidation bankruptcy,” in a Dec. 14 filing to the United States Bankruptcy Court in the District of Utah. The voluntary petition was filed by attorney Mark Rose, with Chief Judge Joel T. Marker assigned to the case. Today’s bankruptcy filings in the U.S. Bankruptcy Court District of Utah. Source: U.S. government A screenshot of a letter to employees purportedly written by the…

Throw money at tech-forward politicians

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Venture capital firm Andreessen Horowitz (a16z) is hoping to push pro-crypto and AI regulation forward with seemingly new strategy: Throwing money at politicians. “If a candidate supports an optimistic technology-enabled future, we are for them. If they want to choke off important technologies, we are against them,” wrote Ben Horowitz, one of the firm’s founders, in a Dec. 14 post, adding: “Every penny we donate will go to support like-minded candidates and oppose candidates who aim to kill America’s advanced technological future.” Horowitz said it would be the “first time”…

Web3 firm sees future where gamers rent out their in-game assets for crypto

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Imagine a future where a player is able to rent an in-game item via blockchain, giving them tools to pass a difficult level, or borrow an NFT that gives them the ability to try a new game on their wishlist. Such a feature is one that Polemos co-founder Richard McLaren is hoping will one day become the norm, along with an economy where players rent out their in-game assets for a fee. In an interview with Cointelegraph, McLaren announced a new partnership between his gaming infrastructure service Polemos and fantasy…

DeFi Researcher Questions Injective Protocol’s Appeal: Is INJ Overvalued?

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Thor Hartvigsen, a data-driven decentralized finance (DeFi) researcher, is questioning the appeal of Injective Protocol, a layer-1 platform whose creators say is designed to expressly power finance. As of December 2023, INJ, the native currency of Injective Protocol, is one of the top-performing coins, surpassing Bitcoin (BTC) and Ethereum (ETH). Is Injective Protocol Undervalued Based On On-Chain Metrics? Taking to X on December 14, Hartvigsen highlighted the platform’s relatively low total value locked (TVL) of $11 million and the limited number of protocols launched on the platform, currently standing at seven.…

analyst predicts bullish cycle ahead

In a YouTube video, one crypto analyst shared an optimistic outlook on the cryptocurrency market and predicted further XRP gains ahead. The analyst believes the crypto market is poised to enter a new bullish cycle driven by Bitcoin’s (BTC) recent halving event. The Bitcoin halving refers to when the reward miners receive for processing transactions is cut in half, which tends to precede major price rises. Ever since Bitcoin came into existence, every time there is a halfing there is a crazy crypto cycle to follow. XRP Right Now The…

Matrixport Predicts Bitcoin 2024 Surge, Regardless Of Spot ETF Approval

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As the final months of the year approach, the anticipation surrounding the approval of spot Bitcoin exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) has generated considerable excitement among analysts and traders. While many stake their hopes on these index funds to fuel a significant price surge for Bitcoin and the broader crypto market, Matrixport, a digital assets financial services platform, offers a distinct perspective. According to their latest report, Matrixport firmly believes that Bitcoin and crypto prices are destined to soar in 2024, irrespective of the SEC’s…