Tag: Community

Dogecoin Influencer Sounds Critical Warning Alarm For Scams Targeting The Community

boss

Dogecoin influencer Mishaboar has issued a vital warning to members of the Dogecoin (DOGE) community. This warning could prove timely as meme coin-related scams look to be on the rise in the crypto community.  Beware Of Fake Dogecoin Airdrops   Mishaboar warned community members in an X (formerly Twitter) post to be “extremely careful,” stating that there are several fake airdrops targeting the Dogecoin tag and other popular meme coins. The influencer also added that some of these scams are also deployed using the tags of popular AI tokens. These scammers…

As Bitcoin updates highs, community enters euphoria zone, Glassnode notes

boss

Bitcoin’s surge to new all-time highs signals its entry into the euphoria zone, accompanied by substantial capital inflows driven by the success of spot Bitcoin ETFs. Bitcoin has finally entered the fourth cycle in its history as its price keeps growing beyond the $70,000 mark, Glassnode analysts said, adding that the interest surrounding the cryptocurrency appears to be transitioning it into the euphoria zone. Bitcoin’s euphoria zones by cycles | Source: Glassnode According to on-chain data analysis, the Bitcoin Realized Cap, a measure of the total wealth stored in BTC…

XRP Price Could Surge from New Acquisition, Amid Community Skepticism

boss

Recently, Ripple announced the acquisition of Standard Custody & Trust Company, a digital asset custodian. The company aims to expand into different sectors beyond its core payments network business. This development may become the key catalyst in driving the price of XRP to new heights, addressing historical challenges of price declines and stagnant growth.  Ripple’s Acquisition Sets Stage For Potential XRP Price Surge On Tuesday, February 13, Ripple disclosed the formal agreement to acquire Standard Custody to continually expand its offerings and pursue smart acquisitions to capitalize on present and future…

Crypto Community Fires Back at Hillary Clinton’s Criticism of Bitcoin Undermining US Dollar as Reserve Currency

boss

The crypto industry has responded to criticism from Hillary Clinton, who said that cryptocurrency can undermine the role of the U.S. dollar as the world’s reserve currency. Galaxy Digital CEO Mike Novogratz argued that the only thing that can undermine the U.S. dollar as a reserve currency is reckless spending by both U.S. political parties. […] Original

EIA Drilling Down on Crypto Mining Energy Use Data Draws Ire From Community

“When I read the press release and the filing my initial thought was, Interesting. Maybe this will turn out to be a net positive for the industry,” Bent wrote. However, after digging deeper, he called the survey “one of the more Orwellian things I’ve seen come out of this Administration,” as it requires very granular data, such as specific information about mining fleets and hash rate data. Source

Terra Classic Community Burns A Staggering 700 Million LUNC And 230,000 USTC

The Terra Classic Community recently had something to cheer about following revelations about the amount of LUNC and USTC token burns that were carried out in the past week. During that period, a significant amount of LUNC and USTC tokens are said to have been burned, something which could positively affect the crypto tokens’ prices.  The Number Of LUNC And USTC Burned In an X (formerly Twitter) post, AlexCryptoBull, a member of the Terra community, brought to the community’s attention how 700 million LUNC and 230,000 were burned last week.…

Aave community mulls new proposal to increase liquidity for GHO stablecoin

Aave Labs has published a new governance proposal for integrating the GHO stablecoin across multiple blockchain networks. In a forum post on Jan. 17, Aave Labs, a firm behind the Aave protocol, revealed a new governance proposal to integrate the GHO stablecoin across multiple blockchains. The initiative, as outlined by Aave Labs, is geared towards “enhancing GHO liquidity, accessibility, and interoperability while maintaining security and stability.” Example of CCIP implementation | Source: Aave Aave Labs particularly proposes utilizing Chainlink‘s Cross-Chain Interoperability Protocol (CCIP), a solution for both communication and interaction…

Crypto Community Raises Alarm Over Coinbase’s Dominance Of Bitcoin Held In Spot ETFs

boss

Coinbase, the largest cryptocurrency exchange in the United States, is presently serving as the custodian of the majority of the Spot Bitcoin ETFs managed by various asset management companies in the industry. This notable concentration is raising worries in the crypto community about significant centralization and potential risks associated with the custodianship.  Coinbase Dominate ETFs As Major Custodian Coinbase’s significant role in the advancement of Spot Bitcoin ETFs has become a target of scrutiny in the crypto community. The American crypto exchange is currently the custodian of 9 out of…