Month: January 2024

Beam up 43% as today’s top crypto gainer

According to CoinMarketCap data, the cryptocurrency Beam, powered by Merit Circle DAO, tops today’s gainers with 43.8% growth in the last 24 hours. Despite Beam’s X account getting suspended, Merit Circle DAO’s official account shared a January update with a progress update that ignited bullish sentiment. The earlier tweet, dated Dec. 28 and reshared on Jan. 3, states that the Beam subnet on Avalanche has seen 768,254 blocks produced, over 1 million total transactions, and boasts 362,435 addresses since its launch three months ago. A thriving network ❇️ When we…

Is This The End Of Dogecoin? Whales Dump 600 Million Coins

Adding to the woes of the cryptocurrency market, Dogecoin, the prominent memecoin with the highest market value, has experienced a notable setback with a over 10% drop in its price over the last 24 hours. This downturn follows a trend of significant declines witnessed by the dog-themed altcoin in the previous week. The current trajectory of DOGE’s price decline raises concerns among investors and market observers, as it points to potential challenges and uncertainties surrounding the memecoin’s stability. Whale Moves: Dogecoin Uncertainty Peaks Compounding this situation is the recent activity…

Pro-XRP lawyer offers perspective on Bitcoin ETF saga; Kaspa and InQubeta may extend gains

boss

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Crypto enthusiasts are buzzing about the potential approval of a spot Bitcoin exchange-traded fund (ETF) in 2024, anticipating positive impacts on altcoins. Meanwhile, investors are watching Kaspa (KAS) and InQubeta (QUBE). InQubeta introduces a new crowdfunding for crypto AI startups.  InQubeta is merging AI and crypto InQubeta offers investment opportunities in AI tech startups through fractionalized NFTs sold in a peer-to-peer marketplace.  Its investment model allows investors to diversify their portfolios by…

Explaining Bitcoin Price’s (BTC) Sudden Drop

Goldman Sachs, the high-profile Wall Street investment bank, looks likely to play a key role for the bitcoin ETFs that BlackRock and Grayscale want to introduce in the U.S., according to two people familiar with the situation. The company is in talks to be an authorized participant, or AP, for the exchange-traded funds, according to the people, who requested anonymity. That’s one of the most important jobs in the multi trillion-dollar ETF industry, a role that involves creating and redeeming ETF shares to ensure the products trade in lockstep with…

Shibarium Transactions Crash Almost 50%, Shiba Inu Price Wobbles

boss

The Shiba Inu layer-2 network Shibarium enjoyed significant success at the end of 2023, crossing several milestones in the process. However, the network looks to be experiencing a cooling-off period following a significant drop in the number of transactions. Shiba Inu (SHIB) also looks to be affected by this development following a notable decline in its price.  Daily Transactions On Shibarium Drop By Almost 50% Data from the Shibarium explorer shows that daily transactions on the network have significantly dropped since the new year began. Only just over 4 million…

Citigroup alumni to offer BTC securities without SEC’s approval

Former executives of Citigroup Inc. will offer Bitcoin (BTC)-backed securities. According to a Bloomberg report published on Jan. 4 former Citigroup executives will offer BTC-backed securities that they say do not need approval from US regulators. The brazen move will see the issuer startup what is known as a “Receipts Depositary Corporation, or RDC. The securities will be Bitcoin Depositary Receipts that function similar to American Depositary Receipts representing foreign stocks. According to the company, the BTC DR offering will provide institutions with access to securities through the US regulated…

Former Citi Executives to Offer Bitcoin Depositary Receipts: Bloomberg

boss

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…

Crypto Analyst Predicts Bullish Hammer For XRP In Upcoming Move

In the ever-fluctuating world of cryptocurrencies, crypto analyst CryptoWzrd has expressed an optimistic prediction for XRP, while highlighting a potential bullish hammer for the crypto asset. A Bullish Hammer For XRP Could Take Place The cryptocurrency analyst recently took to X (formerly Twitter) to share the projections with the entire crypto market. The analyst predictions were made using the daily technical outlook of XRP. With a clear observation of the chart, CryptoWzrd noted that XRP could be ready to form a bullish hammer. However, for this pattern to take place,…