Justin Sun, the founder of TRON, has made headlines by acquiring Maurizio Cattelan’s iconic artwork “Comedian” for $6.2 million at a Sotheby’s auction. In a statement, Sun expressed his excitement, describing the piece as “not just an artwork; it represents a cultural phenomenon that bridges the worlds of art, memes, and the cryptocurrency community.” He […] Source CryptoX Portal
The chillguy meme has recently gained traction on platforms like TikTok and among brands. But its creator is unamused with a parody memecoin. Source
Avalanche’s unique three-chain architecture and novel consensus mechanism makes it ideal for decentralized applications and digital asset creation. What is Avalanche? Avalanche is a decentralized layer one (L1) blockchain platform and ecosystem tailored for building decentralized applications (dapps), custom blockchains, and digital assets. With its novel proof-of-stake (PoS) mechanism, Avalanche seeks to solve the blockchain […] Source CryptoX Portal
“A lot of institutions in Singapore and Asia haven’t really done much [in crypto]. There have been some traditional institutions that have been working with digital assets, but in a very limited fashion,” Lee said, adding that most of the activity in Singapore is coming from “non-traditional institutions” such as investment funds, venture funds, hedge funds, family offices and high net worth individuals. Source
ETH/BTC hits its lowest level this year as Bitcoin soars to a new all-time high, fueling market dominance debates. Bitcoin (BTC) reached an all-time high of $97,862.64 (1 a.m. EST). At the same time, Ethereum (ETH) continues to lag behind, with its performance against Bitcoin dropping to the lowest levels this year. BTC, consolidating near $97,379.69 at press time, has only opened questions on whether ETH can regain speed or mark a broader pullback in altcoins due to BTC’s rally. Bitcoin Dominance Rises: According to CoinMarketCap, BTC’s share of the…
A recent analysis by CryptoQuant analyst tugbachain sheds light on an important aspect of Bitcoin market behaviour — the UTXO Realized Price Age Distribution. This metric plays a significant role in understanding the holding patterns of different investor groups and the market’s response to price fluctuations. The realized price, calculated as the Realized Cap divided by the total supply, is pivotal for identifying cost bases among long-term holders and recent buyers. According to tugbachain, the realized price levels for one-month and three-month periods often serve as critical zones during bull…
Public biopharmaceutical company Acurx Pharmaceuticals said it plans to buy up to $1 million worth of Bitcoin to hold as a “treasury reserve asset.” Acurx Pharmaceuticals, a biopharmaceutical company developer new antibiotics for hard-to-treat bacterial infections, is set to purchase up to $1 million in Bitcoin (BTC) to hold the cryptocurrency as a “treasury reserve asset” on its balance sheet. In a Nov. 20 press release, the New York-headquartered company said the board-approved strategy will be beneficial for it as it leverages Bitcoin’s characteristics, which will provide a “functional store…
A new study reveals that the United States leads in both scam and failed crypto projects. US Leads in Crypto Scams, Study Finds According to a study examining more than 1,500 crypto projects, U.S. founders account for 43.4% of all identified scam crypto projects in 2024. Between January and October, the country’s share of total […] Source CryptoX Portal
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…
Bitcoin has been consistently hitting new all-time highs over the past two weeks. Bitcoin (BTC) is up 5.8% in the past 24 hours and is trading at an ATH of $97,750 at the time of writing. The digital gold’s market cap is currently sitting at $1.93 trillion with a 57.9% dominance over the crypto market. BTC price | Source: crypto.news Its daily trading volume also broke the $85 billion mark. Thanks to the strong bullish momentum, a poll on the market prediction platform Polymarket shows that Bitcoin has an 83%…