Day: May 28, 2024

Floki Floats 22%, Aims For ‘World’s Most Used Crypto’ Title

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Floki, the self-proclaimed “Doge Killer,” is taking a bite out of the memecoin market with a bark and a marketing blitz. The Shiba Inu-inspired cryptocurrency announced plans for its most aggressive marketing campaign yet, sending its token price skyrocketing. Related Reading Floki’s Aggressive Marketing Push Floki’s marketing director, Sabre, remained tight-lipped about the specifics, but promised the upcoming effort would dwarf anything they’ve done in the past two years. This news, coupled with the announcement of Floki futures trading on Coinbase coming May 30th, fueled a 24-hour price surge of…

Crypto Prime Broker FalconX Starts Forex Desk With Hires From BCB Group

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Bitcoin dips below $68k as Mt. Gox moves billions to unknown address

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According to Look on Chain analysts, one of the earliest Bitcoin exchanges Mt. Gox has moved billions worth of crypto to an external address for the first time in years. Mt. Gox, which once dominated the crypto trading landscape by handling over 70% of global Bitcoin transactions, transferred approximately $3 billion in Bitcoin (BTC) to an unknown address. According to data from blockchain analytics firm Lookonchain, the exchange moved over $2.9 billion worth of BTC to 1Jbez…LAPs6. The funds have since remained unmoved from this address. Mt. Gox’s holdings |…

While Ethereum Shines, Analyst Reveals Top ‘Under-Radar’ Altcoin

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In a recent post on X, renowned crypto analyst Alex Wacy outlined his perspectives on the current state of the crypto market and his top pick for an “under-the-radar” altcoin following the recent price surge of Ethereum. Despite its position as the 9th largest cryptocurrency by market capitalization, Wacy remains bullish on the potential of Toncoin (TON), a third-generation blockchain. “Altseason is coming while Ethereum shines. Now is the time to pick your biggest bets with high conviction. L1s are about to boom, and here is my under-radar pick!” Wacy…

Alan Howard-Backed Elwood Technologies in Talks to Sell Part of the Business: Sources

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Mt.Gox Moves $7B Bitcoin as Part of Repayment Plans, Sparking BTC Price Plunge

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

are traders still making millions on meme coins? 

Meme coins still bring profit, but not for everyone. Investors told crypto.news how much they were able to earn from the meme coin hype. Meme coins posted an astonishing return of 1,313% on average in the first quarter. And this sector doesn’t even think about stopping its growth, bringing traders millions of dollars in profits. Source: CoinGecko Huge positive price waves in a matter of days or weeks are natural. But what is this all about?  What are meme coins? Meme coins are a type of cryptocurrency whose popularity is…

ETH team lead says most ETH clients ‘very aggressively’ delete old data

Ethereum team lead Péter Szilágyi says many Ethereum clients “very aggressively” delete old chain segments, raising questions about network dependency on Geth. Ethereum software client Geth (also known as Go Ethereum) remains a focal point of discussion, as Ethereum team lead Péter Szilágyi raised concerns about the increasing reliance on Geth, emphasizing the broader implications for data availability and network decentralization. I wanted to do a direct reply, but figured this is an interesting thing to expand a bit, so here’s a top level tweet instead. Bitcoiners forever hated us…