Day: February 23, 2024

Filecoin (FIL) Surges Another 9.3%, Are The Bulls Getting Ready?

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Filecoin (FIL) has been among the top gainers during the current market rally. Throughout February, FIL has shown a formidable performance fueled by the bullish momentum and its partnership with a major blockchain. This performance has analysts and important crypto actors predicting a potential bullish run around the corner for the decentralized storage network’s native token. Should Filecoin Investors Get Ready For A Bull Run? Pseudonym analyst and trader Crypto Breakout highlighted that FIL broke through a crucial resistance in the 3-day timeframe, signaling that the “bulls return with force.”…

Ethereum hits $3,000 as DeeStream attracts Dogecoin and Bitcoin Cash

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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. Fluctuations in major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) often attract considerable attention, even for minor price movements.  Holders of these assets influence market trends, which can partly be attributed to their early adoption. Ethereum’s price surpassing $3,000 recently led some investors in altcoins like Dogecoin (DOGE) and Bitcoin Cash (BCH) to review their holdings.  The potential for higher returns from early-stage projects could drive this. One such…

Insights from Mona El Isa, Founder of Avantgarde – Blockchain News, Opinion, TV and Jobs

The recent approval of Spot Ethereum ETFs has stirred conversations within the crypto community, raising concerns about the growing centralization of Ethereum. Mona El Isa, the founder of Avantgarde, a pioneer in the blockchain industry, sheds light on the potential risks associated with this development. In a recent comment, El Isa highlighted the challenges posed by the concentration of power in Ethereum’s staking ecosystem and the implications of Spot Ethereum ETFs on the network’s decentralization. Ethereum Staking Trends: El Isa expresses apprehension regarding the current state of Ethereum’s staking ecosystem,…

Bitcoin Demands Exceeds Miner Supply By 1,300%, Why A Push To $237,000 Is Possible

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As the Bitcoin Halving draws nearer, there is so much optimism about what could happen to Bitcoin’s price in the aftermath of this event. This optimism is further heightened by a recent development showing how Bitcoin’s demand far outpaces its supply, which could see the flagship crypto token rise to as high as $237,000.  Bitcoin Demand Significantly Outpacing Its Demand Crypto analyst Willy Woo mentioned in an X (formerly Twitter) post that the Bitcoin network receives an average of $607 million of new investor demand daily. On the other hand,…

Bitcoin (BTC) Creator Satoshi Anticipated Energy Debate

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“If it did grow to consume significant energy, I think it would still be less wasteful than the labour and resource intensive conventional banking activity it would replace,” Satoshi wrote. “The cost would be an order of magnitude less than the billions in banking fees that pay for all those brick-and-mortar buildings, skyscrapers, and junk mail credit card offers.” Original

FATF urges Kenya to increase crypto oversight, tighten AML policies

The Financial Action Task Force has directed Kenya to step up its efforts in prosecuting money laundering activities. Kenya’s National Treasury Department has announced that the Financial Action Task Force (FATF) has also directed Kenya to improve its anti-money laundering and terrorism financing measures. In its recent update, the FATF has placed Namibia on its watchlist while removing Uganda, indicating shifts in monitoring countries’ compliance with international financial crime standards.  Kenya finds itself alongside South Africa and Nigeria under the FATF’s scrutiny, coinciding with President William Ruto’s initiatives to attract…

AI Tokens Surge, Outshining Market in Stunning Rally – Blockchain News, Opinion, TV and Jobs

By Enoch Mutembei The cryptocurrency space has witnessed a remarkable surge in the performance of AI-focused tokens, fueled in part by the recent unveiling of OpenAI’s cutting-edge artificial intelligence, Sora. OpenAI, under the leadership of CEO Sam Altman, introduced Sora last week, a revolutionary AI operating on a text-to-video logic, translating textual cues into concise video clips. This move has had a profound impact on the AI tokens market, propelling several projects to noteworthy gains in the past 7 days. Here are five standout AI tokens that have demonstrated exceptional…

Investors chose DeeStream over Bitcoin Cash and Algorand

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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 is always an investment going on in the crypto industry. Investors and even coin holders always try to bet on the next golden fleece.  2024 is a particularly active year for investments, and several projects look good.  Trends show that one project, DeeStream (DST), may outperform altcoins like Bitcoin Cash (BCH) and Algorand (ALGO).  Here’s how each coin is faring and why DeeStream can rally in 2024. Bitcoin Cash  Bitcoin Cash…