Day: January 8, 2024

Japan’s largest community e-commerce platform to start accepting Bitcoin this year

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Mercari, a leading online community marketplace in Japan, plans to introduce Bitcoin (BTC) as a payment option for its platform users by June 2024, a report from Japanese media outlet Nikkei confirms. According to a report in Japan’s Nikkei, Mercari — an online community and marketplace — will allow users to pay with Bitcoin at the final stage of purchase. In addition, Mercari will allow users to convert their loyalty points to Bitcoin, linking its main platform with its digital currency trading service. As one of Japan’s top online shopping…

Injective Poised for Breakout? Unlock Event Sparks $60 INJ Price Surge Forecasts

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Injective (INJ), the native token of the decentralized exchange protocol Injective Protocol, stands poised for a pivotal moment. On January 21st, a final tranche of 3.66 million INJ tokens will be unlocked, bringing the total circulating supply to a definitive 100 million. Injective Token Unlock: Market Dynamics Shift This marks the culmination of a phased release schedule outlined in Injective’s token distribution plan, and will see the remaining 16% of token supply flood the market. Analysts remain divided on the potential impact of this event. Some anticipate increased selling pressure…

Analyzing spot Bitcoin ETF impact; meme coin craze buoys Dogecoin and Rebel Satoshi

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Crypto is changing fast. The approval of a spot Bitcoin ETF and the increasing popularity of meme coins like Dogecoin and Rebel Satoshi proving to be big events. Spot Bitcoin ETF will be a game changer The idea of a spot Bitcoin exchange-traded fund (ETF) has existed for years.  Even so, it has been repeatedly rejected by the U.S. Securities and Exchange Commission (SEC).  However, with the growing acceptance of…

Matrixport projects 7% plunge for Bitcoin within ‘next two weeks’

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Analysts at Matrixport say one of their trading signals has turned bearish for Bitcoin for the first time since August 2023. In a blog post on Jan. 8, the Singapore-based crypto management firm warned traders that a decline in Bitcoin’s (BTC) price should be expected within the “next two weeks” given that the breakout attempt could fall short. Bitcoin trading signal warning about price drops | Source: Matrixport As the crypto market has reached a consensus that the U.S. Securities and Exchange Commission (SEC) will approve spot Bitcoin exchange-traded funds…

BTC and DOGE sent to Moon, Dogecoin’s price sinks

The world’s first private American lander, Peregrine, launched toward the Moon with a Dogecoin (DOGE) wallet on board. On Jan. 8, the Peregrine Peregrine Mission One mission of the space company Astrobotic launched with a dual crypto load. Astrobotic is carrying out the rocket project to send cargo to the Moon. In addition to the crypto wallet with DOGE, one Bitcoin coin (BTC) on a physical medium and a metal plate engraved with the contents of the first (Genesis) block of Bitcoin will also be sent to the Earth’s satellite.…

XRP ETF Is Trending On X, Here’s Why

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As anticipation builds around the potential approval of the first spot Bitcoin ETFs in the US by the Securities and Exchange Commission, the keyword “XRP ETF” is currently trending on X (formerly Twitter). Numerous XRP community members have posted supposed proof that an ETF in the US is on its way and could soon become a reality. However, a closer examination reveals a more nuanced reality. Why is $XRP ETF trending? 👀 — XRPcryptowolf (@XRPcryptowolf) January 7, 2024 XRP ETF Is Trending Good Morning Crypto recently stated, “JUST IN: Fidelity…

Argo Blockchain shares plunge 8% following COO departure

Mining company Argo Blockchain has announced that its former interim CEO and COO Seif El-Bakly stepped down from his position to ‘pursue other opportunities.’ In an Operation Update report on Jan. 8, Argo Blockchain said that starting from Jan. 5, its former interim CEO and COO Seif El-Bakly is no longer with the firm. While the reason for his departure was not disclosed, the document notes that El-Bakly decided to explore “other opportunities.” El-Bakly served as Argo’s interim CEO from February to November 2023, following the departure of the company’s…

Is It Wise to Invest in Cryptocurrency?

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Cryptocurrency, a form of digital or virtual currency that utilizes cryptography for secure transactions, has gained significant attention and popularity in recent years. With the rise of Bitcoin and other cryptocurrencies, many individuals are considering investing in this new asset class. However, the question remains – is it wise to invest in cryptocurrency? First and foremost, it is crucial to understand that investing in cryptocurrency carries substantial risks. Unlike traditional forms of investment such as stocks or bonds, the cryptocurrency market is highly volatile and can experience extreme price fluctuations…