Day: November 7, 2024

Shiba Inu Hits Monthly Peak — Is Another Record-Breaking Rally Coming?

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Este artículo también está disponible en español. Recently, Shiba Inu (SHIB) has exhibited promising momentum, thereby attracting the attention of both investors and traders. After achieving a significant 30-day high, SHIB has embarked on an upward trajectory, leading many to speculate about its potential to attain new heights—perhaps even its all-time high (ATH). Related Reading With increasing buying volume, confidence in SHIB’s future is growing. Some individuals are beginning to believe that this could signal the onset of something more substantial; however, there remains a crucial obstacle: a resistance level…

Bitcoin Hits $76,000 All-Time High As Market Reacts To Fed’s Interest Rate Cuts

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Bitcoin (BTC), the leading cryptocurrency by market capitalization, surged to a new all-time high of $76,800 buoyed by the recent US presidential election which saw Donald Trump secure another term in the White House and a more favorable monetary policy from the US Federal Reserve (Fed).  Fed’s Second Consecutive Rate Cut On Thursday, the Federal Reserve announced its decision to cut its benchmark overnight lending rate by 25 basis points to a target range of 4.50%-4.75%, adding to the bullish sentiment surrounding crypto prices.  This marks the second consecutive rate…

$194 Breakout In Sight Amid Market Optimism

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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…

Detroiters Will Be Able to Pay Their Taxes in Crypto Next Year Using PayPal

The crypto payment option, which will be offered through a “secure payment platform managed by PayPal,” according to the release, is expected to go live in mid-2025. A spokesperson for the city did not immediately respond to questions about which cryptocurrencies Detroit plans to accept, but PayPal only supports a small handful of tokens — bitcoin, ether, bitcoin cash, litecoin, and PayPal’s own stablecoin, PayPal USD. Source

Detroit to accept crypto payments for taxes and city fees

Detroit is set to become the largest U.S. city to accept cryptocurrency for tax and fee payments.  Starting mid-2025, residents can use crypto to make payments through a platform managed by PayPal, Detroit officials announced today. This initiative aligns with the city’s plan to adopt new technologies to improve public services and promote economic growth. Michigan has been taking a pro-crypto turn recently, with the State of Michigan Retirement System investing $6.6 million in ARK 21Shares’ ARKB spot Bitcoin ETF. According to its officials, Detroit wants to create a more tech-friendly…

Dogecoin Price Looking To Close Weekly Candle Above The Yellow Line, Why $10 Is Possible If This Happens

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Este artículo también está disponible en español. A crypto analyst has disclosed that the Dogecoin price may be positioning itself for a significant move upward as it approaches a critical weekly close. The question arises as to whether Dogecoin can close the weekly candle above the yellow line. With this line acting as a critical resistance level for the Dogecoin price, the analyst has predicted a breakout to $10 if Dogecoin can successfully close above it.   Dogecoin Eyes $10 Breakout Above Key Level Crypto analyst Dima James Potts has shared…

Unanimous Fed Decision: Quarter-Point Cut Signals Major Shift

The U.S. Federal Reserve gathered on Thu. for its Federal Open Market Committee (FOMC) session, where officials opted to trim the federal funds rate by a quarter-point. This announcement comes on the heels of Donald Trump’s election as the 47th president of the United States. “The economic outlook is uncertain, and the Committee is attentive […] Source CryptoX Portal