Month: August 2024

Dogecoin Faces Supply Squeeze: What This Means For Price

boss

A supply squeeze may be on the horizon for the foremost meme coin, Dogecoin (DOGE). This follows a massive surge in DOGE’s stock-to-flow ratio, which is expected to impact its price positively.  How Supply Squeeze Could Lead To Price Surge For Dogecoin Data from the on-chain analytics platform Santiment shows that Dogecoin faces a supply squeeze, with the meme coin’s stock-to-flow ratio rising. Between August 18 and 19, this stock-to-flow ratio surged to an all-time high (ATH) of 69.25. This metric measures a commodity’s scarcity and indicates a massive demand…

Can It Overcome $0.66 For Further Upside?

boss

XRP has captured market attention with a 6% surge, raising speculation about potential gains should it break through the key $0.60 resistance level. As the cryptocurrency climbs closer to this crucial resistance level, traders are eager to see if it can maintain its upward momentum and surpass this barrier or encounter another pullback at this critical juncture. This article analyzes XRP’s recent rally, examines the technical and market indicators, and assesses the likelihood of a sustained breakout. It will provide readers with insights into the altcoin’s current market dynamics, the significance of…

Nigeria Plans to License Virtual Assets Including Crypto and Tokenized Assets: Bloomberg

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…

Crypto Experts Say XRP Will Struggle To Reach $1 and That Investors Should Buy Mpeppe

boss

As Ripple (XRP) continues to experience fluctuations in the cryptocurrency market, many experts are expressing doubts about its ability to reach the much-anticipated $1 mark. Despite a recent uptick in its price, the consensus among analysts is that XRP may face significant challenges in sustaining its upward momentum. In light of these concerns, some investors are turning their attention to alternative opportunities, such as the emerging token Mpeppe (MPEPE), which is gaining traction for its potential to deliver substantial returns. Ripple (XRP) Faces Uncertain Future Despite Recent Gains Ripple (XRP)…

An Ethereum Whale Has Joined The Memecoin World With Pepe Unchained and Mpeppe

boss

The cryptocurrency world is no stranger to dramatic shifts, with investors constantly seeking new opportunities to maximize their gains. Recently, a significant move by an Ethereum whale has sent ripples through the meme coin market. This influential investor has chosen to dive into the memecoin world by investing heavily in both Pepe Unchained (PEPU) and Mpeppe (MPEPE), signaling a vote of confidence in the potential of these rising stars. Pepe Unchained: A Beacon of Resilience in a Volatile Market Pepe Unchained (PEPU) has been making headlines for its impressive performance…

Institutional ownership of Bitcoin ETFs reached 24% last quarter

boss

Despite declining Bitcoin prices and a challenging market environment, institutional ownership of U.S. spot Bitcoin ETFs increased last quarter. Institutional ownership of U.S. spot Bitcoin ETFs rose to 24% by the end of the second quarter of 2024, according to analysts from H.C. Wainwright. This is up from 21.4% in the prior quarter, according to newly released 13-F filings and data aggregated by Coinbase.  This growth occurred despite a challenging market environment that saw the total assets under management for these ETFs drop 13% quarter-over-quarter to $51.8 billion, driven by…

New tool helps small businesses create privacy notices

We have launched a new, quick and easy-to-use tool to help small organisations and sole traders create a bespoke privacy notice and protect people’s information rights. Under data protection law, every organisation that holds people’s information needs to explain why it holds it and what it does with it. This is so their customers, suppliers, staff and volunteers know what will happen to their personal information. Organisations can provide this information through a privacy notice, which is displayed on its website or included in other communications, to ensure they’re compliant.…

Brett crypto forms God candle; turning point still not confirmed

Brett crypto token formed a “God candle” as sentiment in the crypto industry improved following Binance’s announcement of its futures listing. Brett (BRETT), the largest meme coin on the Base Blockchain, was among the top-performing assets in the crypto market. This surge was primarily driven by Bitcoin (BTC) crossing the significant resistance point at $60,000, reaching its highest point since Aug. 14. As a result, most altcoins and meme coins like Dogwifhat (WIF) and Floki (FLOKI) rose by over 10% while the total valuation of all coins rose to $2.13…