Author: Preeti Dangwal

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The revolutionary innovation of blockchain technology has exploded in popularity in recent years. Blockchain, at its heart, is a distributed ledger system that is decentralized and allows for the safe recording of transactions over a network of computers. Blockchain is a representation of decentralization and trust in the digital age since, in contrast to conventional centralized systems, it operates without the need for a central authority, such as a bank or government. Blockchain Procedure Each block in the blockchain’s architecture contains a group of transactions. The term “blockchain” refers to the chainlike structure formed when these blocks are connected in…

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This year, Binance Coin’s (BNB) value trend has been essentially flat with sporadic changes. However, Polygon (MATIC) has been under pressure from bears, which has caused its value to drop. In the meantime, VC Spectra (SPCT), which raised $2.4 million in its personal/seed sale, is currently the highest-funded cryptocurrency. Additionally, it outperforms Polygon (MATIC) and Binance Coin (BNB) in their public presale periods thanks to its amazing advantageous qualities. Sinking Binance Coin (BNB) Lower Than Authorised Points BNB started purchasing and selling above $300 in Q2 2023. Nevertheless, the price fell to $273 on June 5 and to $231 on…

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According to Clay, the host of the ClayBro cryptocurrency YouTube channel, whale transactions, Shibarium data, and social statistics are the three factors influencing the growth of the Shiba Inu. Despite not taking into account the SHIB value, Clay stated “that a mixture of those three elements is producing healthy development for the Shiba Inu ecosystem.” In a recent video that was posted to YouTube, Clay made mention of a particular sociological statistic that, in his opinion, is significant for Shiba Inu at the moment. The analyst’s prediction caused SHIB transactions to soar by 335%, and two million Shibarium wallets were…

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The bitcoin market has seen a healthy mix of new and seasoned players competing for dominance in their own spheres. The conflict between Chainlink and the burgeoning powerhouse InQubeta (QUBE) is an example of this. Chainlink has long been at the forefront of bridging the gap between real-world knowledge and rational contracts. Chainlink is a decentralised oracle community known for its LINK coin. However, the tides are turning as InQubeta’s unique approach and rapidly growing popularity put it on track to exceed Chainlink and rule the market. A Bridge to Real-World Information Using Chainlink Between blockchain reasonable contracts and real-world…

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Recently, Bitcoin (BTC) fell below the crucial $26,000 level after failing to pass the repeated $30,000 resistance level. In a recent YouTube video, renowned analyst Michael Van De Poppe discussed this dip and attributed it to ETF-related changes. Due to the market’s increased volatility caused by this abrupt correction, more buyers and sellers are making investments in the future of the cryptocurrency market. Van De Poppe factors out a significant obstacle on the 200-week Exponential Transferring Common (EMA) when analysing the Bitcoin chart. Similar to trends seen in previous pre-bull market periods, the price movement of Bitcoin suggests a potential…

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The founders of Solana and MakerDAO, Anatoly Yakovenko and Rune Christensen, respectively, have recently used X, formerly known as Twitter, to warn their respective communities against polarising behaviour. This appears to be an unusual display of cooperation among leaders in the typically polarising cryptocurrency industry. Following Christensen’s disclosure that MakerDAO is considering using a fork of Solana’s knowledge for its next growth segment, this has happened. Yakovenko tweeted that he hoped the Solana group would not use MakerDAO’s decision as a weapon against Ethereum. He acknowledged that MakerDAO’s decision was a victory for open supply but cautioned against mistaking it…

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Ethereum’s price has been performing a fascinating dance lately, and if you’re not paying close attention, you might just miss the beat. Here, the RSI divergence, a less well-known yet powerful indicator, is highlighted. The relative power index, or RSI, now indicates how quickly or slowly the value is changing. And right now, it’s whispering something worth paying attention to. So let’s get down to business. The current price of Ethereum is approximately $1,631.95. Not too bad, but this is where it starts to become interesting. The RSI is moving up the ladder, while the value of Ethereum is moving…

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In a recent blog post, the chief developer of Shiba Inu, Shytoshi Kusama, announced an impending milestone of 1 million transactions on the Shibarium Layer 2 (L2) network. Kusama praised the ShibArmy community for accumulating more than 1 million wallets and called Shibarium one of the “quickest and least expensive” L2 networks available. Shibarium aims to scale the distinctive Shiba Inu mission built on Ethereum by enabling quicker and less expensive transactions. In addition, the update highlighted the low cost of fuel in the area, an improvement that seemed to impress Kusama despite local concerns that extremely low prices would…

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XRP

In an unexpected turn of events, inflows into XRP-focused investment products have abruptly stopped, recording zero in the most recent weekly report released by CoinShares. This abrupt halt follows a stellar run that saw $2.7 million pour into these XRP-focused products over the preceding four weeks since the start of August. Since the launch of XRP-focused exchange-traded products (ETPs), the cumulative influx has exceeded an astounding $13 million, solidifying its position as one of the most popular choices among crypto-oriented investment products. Among traditional traders, only Bitcoin (BTC), Quick Bitcoin, and Solana (SOL) have a better reputation than XRP. However,…

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The most significant cryptocurrency by market cap, Bitcoin (BTC), has caught the attention of crypto enthusiasts as whales amass BTC in the ever-volatile world of digital property. According to a recent tweet by the crypto analyst Ali, the current number of Bitcoin owners has surpassed the population of Spain (47.5 million), coming in at a startling 48.5 million. Whales, or large Bitcoin traders, have been seen increasing their holdings despite the adverse trend of the currency. This shows that they have a positive outlook on the market. According to data provided by the cryptocurrency analytics firm IntoTheBlock, approximately $1.5 billion…

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The class of biggest Bitcoin (BTC) investors is still in charge despite concerns returning to the cryptocurrency markets. However, even they are dubious about the next moves in the value dynamics of the largest cryptocurrency. The number of 10+ BTC whale prints is excessive by three years. The number of on-chain Bitcoin (BTC) addresses with at least 10 Bitcoins (BTC) per has risen to its highest level since September 2020. As of today, September 2, 2023, this crucial indicator of whale-driven accumulation showed a three-year excess of 157,324 wallets. An automatic service offered by the on-chain analytics platform Glassnode, Glassnode…

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The successful facilitation of several blockchain interoperability tests with numerous financial organizations, including Citi, SIX Digital Exchange (SDX), BNP Paribas, and BNY Mellon has been revealed by the global financial messaging network Swift, according to CryptoPotato. In order to conduct these tests, Swift used Chainlink’s Cross-Chain Interoperability Protocol (CCIP). These tests are a component of the company’s larger plan to guarantee safe, worldwide interoperability as new technologies and platforms are developed. The experiments expand on earlier work to show how Swift’s infrastructure may assist the financial sector in linking Central Bank Digital Currencies (CBDCs) and other digital assets with new…

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Foresight News reports that CyberConnect has made plans to present an update proposal for Cyber DAO in order to win the community’s support for a cross-chain bridge. This would enable unrestricted movement of the CYBER token on the Ethereum, Optimism, and BNB Chains. The vote on the plan will take place over a number of days to give adequate time for review and discussion. An external expert with a solid reputation will be selected to conduct a security audit prior to the deployment of the cross-chain bridge to ensure the highest level of protection for community progress money. A Dune…

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The U.S. Securities and Change Fee (SEC) has decided to postpone issuing a decision on the several spot bitcoin exchange-traded fund (ETF) proposals, which is the most recent development. Because to the SEC’s evasive behaviour in delaying its decision on the eagerly anticipated Bitcoin ETF, the price of bitcoin experiences a steep decline to the $25k level. The U.S. dollar’s declining dominance in global reserves had reverberations throughout international markets. A digital rival is emerging from the shadows: Bitcoin. As governments turn, looking for diversified real estate and hedging against monetary risks. Additionally, the on-chain data for Bitcoin offers a…

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In order to counter the possible misuse of artificial intelligence (AI), a group of influential UK members of parliament (MP) have urged that the nation work with its democratic allies. On August 31, the Science, Innovation and Technology Committee (SITC), a government advisory committee, released a study in which it was suggested that Britain join forces with other countries that share democratic ideals in order to prevent actors from abusing AI for their own ends. In order to establish guidelines for AI and give the UK the opportunity to play a bigger part in both regulating and becoming a hub…

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The Hong Kong securities regulator has granted SEBA Bank, based in Switzerland, an approval-in-principle, according to CryptoPotato. Before being permitted to offer digital asset services to local users, the bank must now satisfy additional requirements for final approval. Once the Swiss company satisfies the appropriate legal conditions, the Hong Kong Securities and Futures Commission expects to award it authority to engage in securities dealing, including offering structured products connected to cryptocurrencies and managing digital assets. Both conventional and cryptocurrency-related financial services are provided by SEBA Bank, which also serves as a custodian and lets customers stake Ethereum, Polkadot, and Tezos.…

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After peaking at $28,184 after Grayscale’s triumph over the US Securities and Trade Fee (SEC), the value of Bitcoin (BTC) was unable to maintain positive characteristics. The elation was fleeting, however, as Bitcoin lost all of its advantageous characteristics after the SEC postponed making a decision on all seven spot Bitcoin exchange-traded fund (ETF) uses. After that, on September 1, Bitcoin dropped to almost two-week lows of $25,307. But as at the time of publication, Bitcoin had only just returned to $25,816. Every day, the leading cryptocurrency asset loses over 1%. The value movement of bitcoin at the start of…

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The largest cryptocurrency by market capitalization, Bitcoin, experienced a 4.60% decline in the first few hours of September, dropping to $25,998. On the first day of the month, losses of up to 7% were experienced by all major cryptocurrencies. In the past 24 hours, cryptocurrency liquidations totaled $129 million. September’s bearish start When considering historical trends, September hasn’t been bearish for Bitcoin and other assets, as there have been six years in a row since 2016 of negative returns. But current developments cannot be fully predicted by past performance, therefore Bitcoin’s September direction remains uncertain. In the next weeks, merchants…

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Pairs of Shiba Inu (SHIB) and XRP are considering delisting from the primary change According to a recent notice on its blog, Binance, the largest cryptocurrency exchange in the world, is gradually ceasing support for BUSD products. Due to this transfer, BUSD spot and margin trading pairs as well as those involving SHIB and XRP tokens may be delisted. The new policy encourages users to convert their BUSD assets to other stablecoins available on the site before February 2024. Notably, the XRP/BUSD combination is in sixth place by buying and selling volume across all platforms with the Shiba Inu token,…

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American blockchain investment firm Ripple Labs Inc. has objected to the Securities and Exchange Commission’s (SEC) request to seek an interlocutory appeal of Choose Analisa Torres’ earlier decision that XRP is not a security when traded on secondary markets. Place of ripple in a ruling Attorneys for Ripple stated in the opposing filing that they don’t believe there are the necessary elements for an interlocutory enchantment. The submission states, “First, the Court’s abstract judgement order does not present a controlling question of law appropriate for interlocutory enchantment.” Second, the SEC’s criticism of the Court’s application of Howey to the majority…

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