Day: December 18, 2023

Bitwise launches crypto ETF media campaign with ‘The Most Interesting Man in the World’

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Actor Jonathan Goldsmith, who appeared as “The Most Interesting Man in the World” in an advertising campaign for Dos Equis beer, is reviving his persona to promote Bitcoin (BTC) exchange-traded funds (ETFs) for Bitwise Asset Management. In a Dec. 18 post on X (Twitter), Bitwise released an ad spot with Goldsmith showing “The Most Interesting Man in the World” in an upscale bar, as he often did in the beer commercials. However, rather than saying his signature “Stay thirsty, my friends” over a Dos Equis bottle, the actor had a…

Dogecoin On-Chain Metrics Explode, Can DOGE Price Reach $0.2?

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The Dogecoin price action has had quite a disinteresting year than most would expect from the biggest meme coin. Despite currently being up around 77% from its bear market lows of $0.053 in June 2022, the crypto has lagged compared to top cryptocurrencies like Bitcoin, Ethereum, and Solana so far in 2023.  On the bright side, DOGE’s on-chain metrics have exploded recently, pointing to a potential rebound on the horizon which could see Dogecoin spike to new highs. Dogecoin Market Overview DOGE has grown exponentially from its first days as…

UK Publishes Regulations for Digital Securities Sandbox to Test DLT, Tokenization

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Zilliqa on-chain transactions plunge amid ‘technical issue’

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The $383-million Zilliqa ecosystem is experiencing disruptions due to a “critical situation” impacting the network. According to a Dec. 18 post by developers, the Zilliqa blockchain faces a “technical issue that has resulted in an interruption to block production.” Blockchain data shows that daily transactions on Zilliqa subsequently plunged by roughly 50% to 30,906, compared to an average of 61,000 in the past few days. Activity has since paused, with the last transaction occurring at around 11 am UTC, with no new blocks being produced since then. “The team are…

Bitcoin Mining Stocks Outperform Range-Bound BTC Price Amid Transaction Fee Surge

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Micro Bitcoin wallets hit record holdings in November

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According to Santiment, Bitcoin wallets holding one or fewer BTC have reached their highest coin count ever, a surge in accumulation since November. Santiment, a market intelligence platform with on-chain and social metrics for more than 2,500 cryptocurrencies, took to X on Dec. 18 to share that Bitcoin wallets holding one or fewer BTC now hold a record-breaking 1.4 million Bitcoin, constituting 7.3% of the total supply. Simultaneously, wallets with 100+ Bitcoin collectively, also known as whales, now account for 11.5 million Bitcoin in an increase over the past couple…

Unofficial Arweave forking plans draw community controversy

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Irys, a prominent layer-2 network within the Arweave ecosystem, allegedly has plans to fork the Arweave network with the intent to “drop the dataset and reset the token supply,” according to a Dec. 17 post by Arweave founder Sam Williams. He alleges that despite the existence of a safe upgrade mechanism with Arweave, Irys developers plan to proceed with a hard fork that “appears to be a play motivated by greed.” The Arweave founder wrote: “Given this situation, Arweave intends to remove the Irys bundlers from the trusted set on the…

Bitcoin’s ranging price could trigger dip below $40k

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The decline in Bitcoin price coincided with a significant supply zone, where some 1.8 million addresses scooped crypto’s largest token by market cap. Crypto buyers acquired 730,000 Bitcoin (BTC) as the token fell into a demand channel within the price range of $41,200 and $42,400, according to IntoTheBlock data. One trader predicts that this latest movement from crypto’s leading coin could spur a descent to lower levels amid buy-the-dip calls from bulls on social media. The analyst, known by their X page name ali_charts, surmised that Bitcoin’s ranging price is…

XRP Gets Rejected Down: Analyst Predicts Bottom Target

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An analyst has revealed the level of XRP might observe a pullback following the latest rejection in the cryptocurrency’s price. XRP Has Seen Rejection At Mid-line Of An Ascending Parallel Channel As explained by analyst Ali in a new post on X, XRP has appeared to have been moving inside an Ascending Parallel Channel recently. An “Ascending Parallel Channel” refers to a pattern in technical analysis that’s used for identifying uptrends and potential reversal points for any asset’s price. As the name already suggests, the pattern involves two parallel lines…