“We’ve decided to transfer a big chunk of our Bitcoin to a cold wallet, and store that cold wallet in a physical vault within our national territory,” President Nayib Bukele, who made history by declaring bitcoin legal tender in September of 2021, said Thursday on X. With something like $400 million in bitcoins at stake, the mind reels with the possibilities of what just he means. Original
Shiba Inu (SHIB), a prominent Ethereum-based cryptocurrency, witnessed a substantial rally, bolstering the interest of crypto enthusiasts worldwide. The nearly 10% surge in price on Monday has been attributed to a wave of market optimism, coinciding with a significant burn surge revealed by Shibburn, the meme coin’s burn tracker. The recent rally of meme coins can be attributed to various factors. Firstly, the growing market sentiment and excitement surrounding meme coins have attracted investors seeking high-risk, high-reward opportunities. Additionally, the influence of social media platforms, viral marketing, and endorsements from…
As of the current moment, 93.6% of bitcoin’s total supply has already been mined, leaving only 1.34 million bitcoins remaining to be extracted. After the upcoming halving event, the issuance rate of the leading digital currency will decelerate, significantly reducing its availability more than ever before. Additionally, post the 2028 halving, miners will receive 1.5625 […] Original
SLERF’s launch came on the back of an ongoing narrative that has seen developers raising millions of dollars, usually in SOL tokens, on the promise of a meme coin airdrop. Some on-chain watchers estimate that over $100 million worth of tokens were sent to such presales over the weekend. The frenzy contributed toward the SOL price crossing $200 for the first time since November 2021. Source
That is an opinion I’ve held for years, even as I was rolling out the service in new countries. When bitcoin is banned, it forces you to deploy [your] service in a censorship-resistant fashion. When it’s not banned, you do what you can and hope for the best. In Nigeria, before they blamed Binance for the economic fallout, they first unbanned bitcoin and then blamed Binance for why the Nigerian Naira is falling. If bitcoin is banned, that is the most ideal [situation] you could have as a builder in…
Solana was built as an alternative to, at the time, a very expensive Ethereum network, which got many excited for the project. However, two and a half years of upgrades to Ethereum, culminating in the recent Dencun software update, have narrowed the gap in costs. Source
By Matteo Greco, Research Analyst at the publicly listed digital asset and fintech investment business Fineqia International (CSE:FNQ). Bitcoin (BTC) ended the week at approximately $68,400, showing a slight 0.8% decrease from the previous week’s closing value of around $69,000. Throughout the week, BTC displayed significant volatility, with a price range of 13.4%. The week commenced with robust momentum as BTC surged to $72,000 on Monday. Subsequently, the price reached a new all-time high of nearly $73,800 on Thursday, following peaks of over $73,000 on both Wednesday and Thursday. On the same Thursday, BTC…
The Bitcoin Fear & Greed Index shows that the sentiment around the asset has cooled off a bit recently, something that could pave the way for a rebound. Bitcoin Fear & Greed Index Has Gone Through Some Decline Recently The “Fear & Greed Index” is an indicator created by Alternative that tells us about the average sentiment present among the investors in the Bitcoin and wider cryptocurrency market To determine the trader mentality, the index takes into consideration for these five factors: volatility, trading volume, social media sentiment, market cap…
Industry insiders have expressed concerns about the high crypto tax in India despite the notable surge in Bitcoin prices, which led to significantly increased demand on cryptocurrency exchanges and substantial rises in trading volumes. CoinDCX, a popular Indian cryptocurrency platform, saw its trading volumes multiply fivefold within the past month, escalating from $5 million at the start of February to approximately $25 million by the end of the month. Sumit Gupta, the co-founder of CoinDCX, attributed this remarkable growth to the upward trajectory of Bitcoin prices in a recent interview…
As bitcoin flirts with the boundaries of its recent trading range, its price oscillation reflects a vibrant yet undecided market, standing at a pivotal $68,259 per unit, after testing waters between $64,522 and $68,902 within a 24-hour frame. Bitcoin Presently, bitcoin’s (BTC) oscillators present a mixed view but lean toward a cautious sentiment. The relative […] Original