Since the launch of Ordinal inscriptions, Bitcoin-based non-fungible tokens (NFTs) have proliferated, with the blockchain documenting $3.82 billion in NFT sales across more than 3 million transactions. Bitcoin has now ascended to the fourth-largest blockchain by total NFT sales. From Counterparty to Ordinal: Bitcoin NFTs Hit $3.82 Billion in Sales In the first week of […] Original
Month: June 2024
Binance Discontinues Cash Payment Option for P2P Crypto Trades in India
Binance users in India can no longer avoid tax payments by making cash deposits for P2P trades as the exchange has suspended this option. Major crypto exchange Binance has blocked the use of cash payments for peer-to-peer (P2P) cryptocurrency trades in India. Local users can no longer buy or sell supported cryptocurrencies by depositing or receiving cash payments. Binance P2P Users in India Cannot Use Cash Anymore Before now, Binance allowed Indian traders to use an escrow option that allows users to close transactions after cash has been received or…
Crypto Prices Tick Upward as Meme Coin Season Receives Fresh Impetus
Bitcoin kicked off the week by reclaiming $69,000 as crypto assets ticked up across the board during the European morning. BTC is priced around $69,200 at the time of writing, an increase of about 2.5% in the last 24 hours. The broader digital asset market, as measured by the CoinDesk 20 Index (CD20), rose 1.4%. Dogecoin led the gains, trading just under 3% higher, after influential retail investor Keith Gill disclosed a $180 million position in Gamestop, sending GME up around 80% in pre-market trading. Meme stock surges are often…
MicroStrategy (MSTR) Founder Michael Saylor Agrees to Pay $40M to Settle D.C. Income Tax Case
“Florida remains my home today, and I continue to dispute the allegation that I was ever a resident of the District of Columbia,” Saylor told the New York Times. “I have agreed to settle this matter to avoid the continued burdens of the litigation on friends, family, and myself.” Source
Crypto Guru Unveils Best Altcoins To Buy Now
In a recently published video titled “Best Altcoins To Buy Now,” crypto influencer Lark Davis shared his latest insights on promising altcoins with his 546,000 YouTube subscribers. Known for his candid and straightforward approach, Davis emphasized the speculative nature of his recommendations and the inherent risks of crypto investments. Davis began by acknowledging Bitcoin’s role as the premier digital store of value, noting that while it remains the most secure asset in the crypto space, it is unlikely to deliver the high returns that some altcoins can offer. “If you’re…
562,000,000 People Across the Globe Now Own Cryptocurrency, According to New Study
Roughly 6.8% of the global population now holds crypto assets, according to digital currency payment company Triple-A. In a new report, Triple A says the number of people who own cryptocurrency is now 562 million, up by about 34% from 420 million in 2023. Of the countries worldwide, the United Arab Emirates has the highest cryptocurrency ownership rate at 25.3%, followed by Singapore at 24.4%. Other leading countries include Turkey (19.3%), Argentina (18.9%), Thailand (17.6%), Brazil (17.4%), Vietnam (17.4%), United States (15.5%), Saudi Arabia (15.0%), Malaysia (14.3%) and Hong Kong…
Bitcoin Technical Analysis: Bulls Poised for Next Leg up, Targeting $70K
Over the past hour, bitcoin’s price has ranged from $68,915 to $69,121, with an intraday spread between $67,440 and $69,305. The 24-hour trading volume for bitcoin (BTC) is $23.02 billion, indicating robust market activity. The market capitalization of bitcoin remains strong at $1.36 trillion. Bitcoin Bitcoin’s daily chart highlights a major uptrend starting in early […] Original
Elizabeth Warren: Crypto Prominent in the Global Fentanyl Trade Over the Last Decade
Two U.S. Senators, Elizabeth Warren and Bill Cassidy, have asked the Biden adminstration to furnish them with updates on what the U.S. government is doing to curb the use of crypto in fentanyl trafficking. According to Warren and Cassidy, decentralized crypto exchange platforms are enabling the trafficking of Chinese-supplied fentanyl precursors. U.S. Senators Link Crypto […] Source BitcoincryptoexchangeExchanges CryptoX Portal
GameStop (GME) Stock, Meme Tokens Surge as Keith Gill Returns to Reddit
Related stocks and cat-themed meme tokens started to surge as the Reddit post went viral across social media platforms. Cat tokens toshi (TOSHI), mog (MOG), keycat (KEYCAT) and wen (WEN) were up as much as 37% in the past 24 hours, CoinGecko data shows, with most of the gains coming after Gill’s post. GME, a Solana meme token spoofing the company’s stock ticker, rose over 200%, according to DEXTools data. Source
mBit Casino Explores Top 3 Emerging Crypto Gaming Tokens of 2024
Unveil this year’s leading crypto gaming tokens with mBit Casino’s breakdown of the most promising tokens set to transform the gaming industry. 1. The Rise of Pixel Token As people delve into gaming tokens, one must recognize Pixel Tokens’ meteoric ascent. This native token has become a significant force in blockchain gaming, allowing players to […] Source CryptoX Portal