Day: August 26, 2024

Bitcoin Inflows Reach $543 Million as Powell Suggests Rate Cuts, Coinshares Reports

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Coinshares, led by researcher James Butterfill, reports a significant uptick in bitcoin inflows following recent comments from Federal Reserve Chair Jerome Powell. The investment surge reflects the market’s response to potential interest rate cuts hinted at during the Jackson Hole Symposium. Powell’s Comments Correlate With $543 Million Bitcoin Inflow, Coinshares Observes According to Coinshares, digital […] Original

WazirX opens partial withdrawals for INR, reduces fees by 60%

Indian crypto exchange WazirX has re-launched INR withdrawals for “eligible users” and decreased withdrawal fees by 60%. Cryptocurrency exchange WazirX, which recently suffered a multi-million dollar hacker attack, has begun the first phase of INR withdrawals. In an X announcement, the Mumbai-headquartered trading platform said that starting from Aug. 26, all “eligible users” can withdraw “up to half of the available 66% limit of their INR balances,” implying that users can withdraw only 33% of their INR balances. 📢 INR Withdrawals Phase 1 Now Live All eligible users can withdraw…

The Fed’s Rate Cut Cushion Is Good News for Crypto

The red line is the difference in the spread we discussed above. Notice to the far right, in June 2022, the real rate of interest was -8.3%. In other words, policy was so weak, it had no effect on prices. At the time, the effective fed funds rate was close to zero while inflation growth peaked at 9.1%. So, shortly thereafter, the Fed started a series of aggressive rate hikes to get price growth back under control. Source

Toncoin Tumbles To $4.6 As Bears Eye Further Decline, Will Support Hold?

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My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for…

Pepe Unchained Holders Are Now On The Hunt For More Profits, Mpeppe Steps In

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Opportunities for significant gains in the crypto world often come from looking beyond what’s already well-known and exploring new horizons. While Pepe Unchained (PEPU) has recently made headlines with its impressive presale performance, many of its investors are now setting their sights on Mpeppe (MPEPE) as the next potential goldmine. Here’s why Mpeppe (MPEPE) is quickly becoming the go-to option for those seeking even higher returns. Pepe Unchained (PEPU) Gains Traction But Faces Stiff Competition Pepe Unchained (PEPU) has been one of the standout performers in the meme coin space,…

Pepecoin Whales Are Hoping To Become Mpeppe Whales Here’s Why

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The world of meme coins is always full of excitement and opportunities, and Pepecoin (PEPE) has been at the center of it all recently. Over the past week, Pepecoin (PEPE) has seen a significant rise, with the token gaining more than 10% in value. As the meme coin market continues to thrive, many investors are looking to diversify their holdings, and Mpeppe (MPEPE) is emerging as a top choice. Here’s why Pepecoin (PEPE) whales are turning their attention to Mpeppe (MPEPE). Pepecoin (PEPE) Continues Its Upward Momentum Pepecoin (PEPE) has…

Playdoge Investors Believe Mpeppe’s Unique Features Will Make Them Millionaires

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Meme coins have emerged as a popular and lucrative investment avenue. Playdoge (PLAY) has recently garnered significant attention with its innovative play-to-earn model and nostalgic appeal. However, as the Playdoge (PLAY) presale draws to a close, a new contender, Mpeppe (MPEPE), is quickly capturing the interest of savvy investors who believe its unique features could lead to millionaire status. Playdoge’s Success: A Nostalgic Journey with Modern Rewards Playdoge (PLAY) has successfully tapped into the growing demand for play-to-earn (P2E) games, merging the charm of Tamagotchi-like virtual pets with the earning…

Bitcoin Price (BTC) Rises 0.2% Over Weekend, While Ether Price (ETH) Drops 0.3%

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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…

Semler Scientific expands Bitcoin portfolio with $5m purchase

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Semler Scientific has expanded its Bitcoin holdings to over 1,000 BTC, signaling continued confidence in the crypto as a strategic investment. Semler Scientific, a medical tech company, is intensifying its Bitcoin strategy with the purchase of an additional 83 (BTC) for $5 million, raising its total holdings to 1,012 BTC at a cumulative cost of $68 million, including fees and expenses. In a Monday press release, Aug. 26, the Santa Clara-based healthcare technology company, which specializes in chronic disease management solutions, said it had made the purchase primarily using cash…

XRP Set To Explode? Top Analyst Predicts $33 Rally

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It’s a surprising performance for XRP in the crypto market today, alone spiking over 7% during the weekend rally led by Bitcoin’s attempt to breach the $65,000 mark. XRP made a high of $0.6304 but closed a bit lower at $0.6131. Even the slightest drop in this asset seemed to not deter its upward momentum, which continues to gain much attention. Related Reading Analysts are highly positive about the future of the altcoin, estimating a price increase of 25% in the next three months. The top analyst, Bobby A, believes…