Day: February 9, 2024

What Is Mantra (OM) And Why Is The Price Up Almost 100% In One Day?

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One of the top gainers in the crypto market today is the Mantra (OM) token. The altcoin, which is currently leading the charge on the Binance list of top gainers, is up almost 100% in a single day. However, not much is known about this cryptocurrency, which is reaching highs after highs in 2024. What Is OM Token Used For? The OM token is the native token associated with the Mantra Chain, a Layer 1 blockchain that was launched in October 2020. The token would go on to reach a…

Bitcoin Dogs Set To Make History With First Ever ICO on Bitcoin Blockchain – Blockchain News, Opinion, TV and Jobs

London, United Kingdom, February 9th, 2024, Chainwire Bitcoin Dogs is set to be part of cryptocurrency history with the first ever ICO on the Bitcoin blockchain, launching on February 14th, 2024. The presale for its native token, $0DOG, will last only 30 days, with an end date of the 15th March 2024, when it will become available for trading. Accompanying the $0DOG coin will be an immersive metaverse GameFi experience and NFT collection, both available exclusively to token holders.  The sale will start with stage 1, priced at $0.015 per…

Bitcoin miner Marathon shares up 23% despite 42% production plunge

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With Bitcoin edging towards $47,000, Marathon Digital shares surge despite a considerable decrease in mined BTC in January. On Friday, Marathon Digital Holdings Inc (MARA) shares surged by 23% to reach $21.58, echoing the upward trend seen across all U.S. stock market crypto-related companies following Bitcoin‘s surge to $46,000, according to data from Google Finance. MARA stock price in USD | Source: Google Finance For Marathon, the surge is notable given that the company reported a negative production rate for January, as it managed to mine 1,084 BTC last month,…

Bitcoin and Solana lead in inflows, NuggetRush set for gains

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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. There have been outflows from Grayscale’s GBTC in the past few weeks. However, there has been a recent increase in crypto investments, with over $708 million put into various assets.  The top two assets with the highest liquidity are Solana and Bitcoin. Additionally, the crypto community is showing interest in NuggetRush. Over 171 million NUGX has been traded in the past few weeks before launch. Bitcoin leads inflows  CoinShares notes that inflows into…

Shiba Inu Burn Rate Spikes By Nearly 200% As Price Recovers

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Shiba Inu (SHIB), also known as “Doge Killer” within the cryptocurrency space, has experienced a notable increase in its burn rate, with millions of coins taken out of circulation. Shiba Inu Burn Rate Is On Fire According to Shibburn, the platform that tracks Shiba Inu’s burn, the burn rate has increased significantly in the past day. Data from the tracking platform shows that the burn has risen by almost 200% in the past 24 hours. Shibburn revealed that over 7 million SHIB tokens have been burnt in the last 24…

HSBC leads $6.85m funding for Hong Kong-based blockchain insurance startup

Blockchain insurance startup MediConCen raised $6.85 million in funding led by HSBC to improve the sector by ‘simplifying and speeding up the claims journey.’ In a blog announcement, the Hong Kong-headquartered startup said other investors, including G&M Capital, ParticleX, and new investor Wings Capital Ventures, have also participated in the funding. With the latest cash inflow, MediConCen raised a total of $12.7 million, planning to put the proceeds to accelerate its growth in the international market, including the Middle East and Southeast Asia. MediConCen head William Yeung says the startup…

Will SOL Hit $120 Before Valentine’s?

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Solana, the high-speed blockchain platform, is back in the green after a rollercoaster week. Its native token, SOL, triumphantly hit the $105 mark today, defying naysayers and sparking renewed optimism. But is this just a fleeting bounce, or the start of a sustained climb towards $120 before Valentine’s Day? Source: Coingecko Defi Frenzy Heats Up, Injecting Millions Into Solana The key driver behind this recent surge seems to be the red-hot DeFi scene on Solana. Total Value Locked (TVL), a metric indicating the combined value of crypto assets deposited in…