Day: February 15, 2024

UNI Token Primed For Growth As New Chain Launch Loom

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Uniswap, one of the world’s largest decentralized exchanges (DEX), is poised for significant growth with the upcoming launch of its V4 upgrade. This anticipated update will introduce custom Automated Market Maker (AMM) functionality directly on top of Uniswap, eliminating the need for separate AMM designs. In addition, Uniswap’s governance token, UNI, has seen notable growth, with a 6.8% increase in the last 24 hours and an 8% increase in the previous 30 days, bringing the UNI token to $7.318. However, while these developments favor the exchange and investors, decentralized finance…

Future Looks Bright For Crypto In Indonesia: Pro-Blockchain VP Takes Office

Voters in Indonesia delivered a decisive victory to Gibran Rakabuming Raka, son of the current president, in the latest local elections. This win, coupled with Raka’s vocal support for blockchain and cryptocurrency technologies, has sparked excitement about a potential turning point for the country’s digital economy. With nearly 60% of the vote based on unofficial results, Raka’s win is seen as a reflection of the Indonesian public’s growing embrace of digital technologies. His campaign heavily emphasized digital innovation, including plans to educate and cultivate talent in blockchain, crypto, artificial intelligence,…

Pro-Crypto US Attorney Considers Challenging Elizabeth Warren in Massachusetts Senate Race

John Deaton, a U.S. lawyer known for his pro-crypto stance, is reportedly considering a run against Massachusetts Senator Elizabeth Warren. The Republicans are eager to nominate a formidable candidate against Warren. This strategy could compel her to concentrate on her political survival, potentially diverting her focus from supporting other Democrats. Pro-Crypto U.S. Lawyer to Decide […] Source CryptoX Portal

Stupid Things Craig Wright Said in His Latest Stupid Trial

That said, the burden is on the plaintiffs to prove Wright is wrong. And Wright, who has been described as (largely) calm and articulate in the courtroom, certainly has convinced people in the past (including his benefactor, billionaire online gambling magnate Calvin Ayre). For many onlookers, however, the case has already been made: Wright, by taking the stand, simply discredited himself. There have been too many inconsistencies, too many happenstances and too much misdirection to be believed. Source

Can VeChain Reach New Heights? Analyst Shares Prediction

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Bitcoin’s bullish momentum has fueled the crypto market to an upward trend. As the flagship cryptocurrency rises to the $52,000 level, several other cryptocurrencies follow its steps closely and exhibit signals of a possible bull run. Accordingly, a renowned crypto analyst has predicted a potential bull run for VeChain (VET) that could lead the token to a new all-time high (ATH). Will VeChain Repeat History? Crypto analyst Ali Martinez has shared his prediction for VET this week. The analyst believes history could repeat itself, and the cryptocurrency may see its…

20% drop in Bitcoin’s hash rate coming following halving

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Galaxy Digital analysts forecast a potential reduction of 20% in network hash rate due to the impending Bitcoin halving in April. The analysts predict that the halving will affect eight specific mining machine models, dropping the network’s hash rate. The halving will decrease per-block mining rewards from 6.25 to 3.125 bitcoin, prompting miners to seek increased efficiency and cost reduction to mitigate the impact of lower rewards. The current hash rate is approximately 515 exahashes per second (EH/s). The affected models were identified in a report released on Wednesday. We…

$1.6B Bitcoin Disappears from Exchanges,Will BTC Price React

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BTC price peaked at $52,858 on Feb. 15, bringing its monthly gains to 24.3%, an unusual trend in Bitcoin exchange flows suggests more dramatic action could follow.  Bitcoin price has entered a new 2024 peak in the last four days, dating back to Feb. 12. Investors shifted $1.6 billion in Bitcoin into long-term storage Thanks to heightened buying pressure from investors piling funds into the newly launched spot ETFs, Bitcoin has added over $200 billion to its market capitalization within the first half of February.  However, looking beyond the flashy…