Day: September 12, 2024

Meme Dating Coin GoodEgg Eclipses SUI 20% Gains, Whales Join 100x Presale

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Este artículo también está disponible en español. The cryptocurrency market has seen a surge in innovative projects, and GoodEgg (GEGG) is leading the way in both the meme and AI-driven sectors. Recently, GoodEgg (GEGG) has captured the attention of whales and early investors, drawing comparisons to the rise of Sui (SUI), which has been experiencing consistent growth. However, GoodEgg’s 180% presale gains have left Sui’s recent 20% rally in the dust, positioning the AI-powered social coin as a significant player in the crypto space. Sui (SUI) Fights for Market Dominance…

Bank of Russia Sees Retail CBDC in Widespread Use by July 2025

The banks will need to enable their customers to “open and top up digital ruble accounts, make transfers, and accept digital rubles in their infrastructure,” the central bank said Thursday. After that, “it is planned to launch the widespread use of the digital national currency. It is important that it is available to citizens and businesses and, if desired, they can freely use it on an equal basis with cash and non-cash funds.” Source

Court Sentences Missouri Man to 3 Years in Prison for Crypto and Tax Fraud

Missouri resident Lyell Champagne Jr. has been sentenced to three years in federal prison for fraud and tax offenses involving cryptocurrency. He and his accomplice attempted to steal funds by accessing victims’ bank accounts and filing false tax returns. Law enforcement recovered most of the stolen funds. Champagne pleaded guilty to multiple charges in June […] Source CryptoX Portal

Bitcoin (BTC) Could Hit All-Time Highs by Year-End Regardless of Who Wins U.S. Election, Standard Chartered Says

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“Progress on relaxing regulations – particularly the repeal of SAB 121, which imposes stringent accounting rules on banks’ digital asset holdings – will continue in 2025 no matter who is in the White House,” wrote Geoff Kendrick, global head of digital assets research at Standard Chartered, adding that progress would just take longer under a Harris presidency. Original

Coinbase launches cbBTC, a wrapped Bitcoin token

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Coinbase is rolling out cbBTC — Coinbase Wrapped BTC — an ERC20 token backed 1:1 by Bitcoin, which Coinbase holds. According to a press release shared with crypto.news, the cbBTC token is now available on Base and Ethereum (ETH). Wrapped Bitcoin is a tokenized version of Bitcoin (BTC) that runs on Ethereum or other blockchains, giving BTC holders access to DeFi applications. Coinbase’s cbBTC is the latest addition to the wrapped asset category, following the likes of WBTC (WBTC).  In August, Coinbase posted a cryptic tweet about a new wrapped…

Challenges Mount For Bitcoin Miners As Difficulty Surges To Record High

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Este artículo también está disponible en español. A recent report by Bloomberg highlights that the difficulty of mining Bitcoin has surged to a record high, reflecting increasing competition among cryptocurrency miners.  On Wednesday, mining difficulty rose by 3.5%, as reported by crypto-mining tracker CoinWarz. This metric, which has been climbing steadily, often aligns with market expectations for Bitcoin’s price movements. Post-Halving Challenges Following the April Halving, which reduced miners’ potential revenue by half, the Bitcoin price has dropped approximately 10% to a current trading price of $57,000.  Per the report,…

Consumers Are More Positive About Crypto in 2024 With Under 1% Saying It’s a ‘Fad:’ Deutsche Bank Survey

A third of consumers said they thought the BTC price would be below $60,000 by year-end, and only 12%-14% thought it would cross $70,000. Bitcoin was trading around $58,200 at publication time. For the longer term, perceptions were mixed: 40% of respondents said they thought BTC would thrive in the coming years, while 38% said they expected it to disappear. Source

Quant’s Mind-Blowing Performance Has Investors Seeking More Profits With Mpeppe

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Este artículo también está disponible en español. As the cryptocurrency market continues to show volatility, two tokens stand out for their impressive performances: Quant (QNT) and the emerging gambling ICO, Mpeppe (MPEPE). While Quant (QNT) is catching the attention of traders with its remarkable rally, many investors are turning to Mpeppe (MPEPE), anticipating exponential returns. Quant’s Explosive Rally In recent days, Quant (QNT) has stunned the crypto world with a bullish breakout, recording a price surge of over 15%. As of today, QNT stands at $71, with the potential to hit the $115 mark in…