Day: November 5, 2024

MakerDAO’s Christensen Hopes for ‘Firm Decision’ as MKR Holders Vote on Sky Brand

One way to track the success of this stablecoin, Christensen said, is through the portion of USDS held idle without earning rewards. Of the over $1 billion in circulation, a small but notable amount are not earning rewards – which shows that it’s being held by real humans and not bots as this idle behavior signals organic use, as real users treat USDS like cash, holding it temporarily without maximizing returns. Source

Crypto Market Little Changed as U.S. Votes

Bitcoin is little changed, having recovered from a dip below $68,000. Aside from today’s U.S. presidential election, which has traders seeking clues for the next market move, BTC has also been threatened by activity by Mt. Gox. The defunct crypto exchange transferred over 32,000 BTC ($2.2 billion) to unmarked wallet addresses, often a sign of an impending transfer to exchanges, thereby applying selling pressure to BTC. Bitcoin traded at just under $68,800 late in the European morning, little changed in the last 24 hours. The broader digital asset market, as…

What Does It Have To Do With Whales And The US Presidential Elections?

boss

Este artículo también está disponible en español. After skyrocketing above $72,000 earlier last week, the Bitcoin price has experienced an unexpected crash below the $70,000 mark ahead of the US Presidential elections. Reports have cited the influence of whales and the upcoming results of the US Presidential elections as catalysts to this price decline. Bitcoin Price Crashes As Market Braces For US Election Results The Bitcoin price seems to have experienced a pre-election crash. It is now trading below the $70,000 mark after declining by over 3.64% in just a…

Rooch network co-founder robbed in Bangkok ahead of Ethereum Devcon

A crypto co-founder was robbed in Bangkok while traveling there to attend the 2024 Ethereum Devcon conference.  Haichao Zhu, co-founder of Bitcoin application Rooch Network, urged Ethereum Devcon attendees to exercise caution in a Nov. 5 X post after being robbed at knifepoint in Bangkok, Thailand. According to Zhu, he was attacked while he was traveling alone after his late-night arrival in Bangkok. The assailants stole his phone and left him with a minor scratch on his hand. Zhu remained unharmed but expressed disappointment with the local police response, sharing…

Eric Trump to Speak at Bitcoin MENA in Abu Dhabi

boss

PRESS RELEASE. Abu Dhabi, UAE – November 5th, 2024 – Bitcoin MENA has announced Eric Trump as a keynote speaker at its upcoming conference on December 9-10, 2024, at the world-renowned ADNEC Centre in Abu Dhabi. This announcement underscores the conference’s growing influence and highlights Abu Dhabi’s emerging role as a central hub in the […] Original

Why Is Dogecoin Going Up? Key Drivers Of DOGE’s 10% Surge

boss

Este artículo también está disponible en español. While the broader crypto market experiences a slight downturn ahead of today’s US presidential election, Dogecoin (DOGE) has defied the trend by surging 10% in the last 24 hours. Over the past three days, DOGE has rallied more than 20% from its local low of $0.14219 on Sunday. Analysts attribute this remarkable performance to speculation surrounding the election and its potential impact on Dogecoin. Why Is Dogecoin Price Going Up Today? Several crypto analysts have identified Dogecoin as the leading “Trump trade” within…