Browsing: Cryptocurrency news

According to Ray Youssef, the former CEO of Paxful, just 2% to 3% of Nigerians actually own Bitcoin, as opposed to the widely stated 33%. He said that some agency that had no real presence in the country of West Africa was the source of the misleading information. Eva Kimani, a proponent of Bitcoin, questioned Ray on Twitter about why the purported wide range of Bitcoin users in Nigeria has not affected the value of the cryptocurrency. Ray responded with his thoughts in a tweet. According to Eva, there are about 74 million Bitcoin users in Nigeria; nevertheless, their presence…

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The cryptocurrency market experienced significant volatility during a week filled with lots of interesting news, with Bitcoin’s value consistently bouncing around the $30K barrier. The most recent Bitcoin bounce has allowed it to reclaim a 50% market share. As a result, investors are now focused on other digital assets that will undoubtedly participate in this boom. Taking advantage of the momentum created by Bitcoin, it is anticipated that the altcoin market will move in accordance with this bullish trend and experience a spike in the coming days. Altcoins You Should Have Purchased Before Next Week’s Rally The cryptocurrency market had…

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Recently, a website stated that Ripple Labs, the XRP-related blockchain company, intended to repurchase an astounding 10 billion XRP tokens from its circulating supply. However, top crypto lawyers have raised doubt about the viability of such a project, raising crucial concerns about Ripple’s capacity to collect the $5 billion needed to carry out the claimed buyback. Outstanding pro-XRP attorney John Deaton was the first to express doubt in a tweet, writing: “I don’t imagine Ripple is shopping for again 10B XRP until I hear it from Ripple.” Another XRP attorney, Invoice Morgan, helped Deaton’s skepticism by delving more deeply into…

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Golteum, a ground-breaking marketplace for buying and trading precious metals and cryptocurrencies, has joined the Chainlink BUILD initiative. a transaction that will undoubtedly alter the tokenization landscape for digital assets. This initiative aims to take advantage of Chainlink’s sector-leading expertise and Golteum’s innovative approach to provide customers with a secure, transparent, and environmentally responsible option for trading and proudly owning valuable metals on the blockchain. We shall explore the potential impact this news may have on the future of the tokenized valuable metals “industry” by examining its depth and relevance. Additionally, there is a chance to join the ecology of…

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Indian expatriates in Bahrain would be able to pay their home power bills quickly because to the new tooling. Both an online interface and mobile applications can be used to access the services. Customers of Ripple have launched a cost-tracking tool for Indian expats, a group activist claims. A cross-border digital cost resolution for Indian citizens living in Bahrain was launched by two users of the Ripple fintech decacorn, according to WrathofKahneman, a pseudonymous group devoted to Ripple and XRP. A cross-border inward cost invoice service was officially launched on the mainnet by NPCI Bharat BillPay in association with Ripple…

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Recently, @DogeWhaleAlert pockets tracker reported that the total DOGE holdings saved by the popular Robinhood trading app on behalf of its users had increased significantly by more than 17%. According to the tweet, Robinhood’s total DOGE holdings have increased by 11.16% since the beginning of May. The platform wallets once more saved 22,641,958,530 DOGE valued at $1,598,454,346. Currently, Robinhood holds 38,317,905,469 DOGE, which is equal to $2,579,369,807. This amount of meme money represents 27.39% of the 16.23% registered on May 25. Over the past month, Robinhood customers have bought Dogecoin for about $1 billion. The DOGE coin has increased by…

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The market value of cryptocurrencies fell below $1 trillion between June 2022 and June 2023, with laws profiting greatly from this decline. DappRadar, a global retailer of decentralized applications (dapps), compared how various currencies have reacted to regulations to determine the extent to which regulatory organizations have affected it. Due to turmoil in US regulatory affairs, the crypto market valuation crashed and $40 billion was lost. Nevertheless, despite a 30% decrease in the value of altcoins, Bitcoin and Ethereum have shown strength. DappRadar identified five distinct elements that contributed to the market fall. Web3 Pano changes Many organizations have tried…

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To support the long-term development of its shared finance system, World Cellular has announced the beginning of a token purchase programmed. World Cellular’s treasury will purchase its native utility token, World Cellular Token (WMT), on the open market as part of the token repurchase programmed. The initial buyback took place on May 29. The token buyback programmed will accrue benefits for members of the World Cellular sharing economy who have helped it develop and adopt its contemporary cell options. After the launch of business services in the East African nation earlier this year, the token purchases are funded by earnings…

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Crypto legal expert John Deaton has continued to comment on discussions pertaining to the security of the XRP token. The outspoken attorney responded to a tweet from Caesar Korvinus, who stated that his decision to invest in XRP was based in part on his knowledge of the board members of Ripple Labs and the background of the company’s Chief Technical Officer (CTO), David Schwartz. John Deaton entered the conversation and stated that some of the Howey Check’s components will be satisfied if Korvinus had actual direct contact with Ripple and purchased from the agency. He pointed out that in the…

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The value of Pepe (PEPE) has been denied for the past 24 hours by a strong resistance level at $0.00000178. But it was unable to close a daily candle above the multiple value level. Technical indications did, however, suggest that the price of the meme coin would attempt to break above the level once more during the coming days. Over the past 24 hours, a significant resistance level around $0.00000178 has blocked Pepe’s (PEPE) value. The daily candle, however, was unable to close above the multiple value level. However, technical cues suggested that in the upcoming days, the price of…

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Yesterday, the popular cryptocurrency dealer and analyst Michael van de Poppe posted his most recent technical analysis for Bitcoin (BTC). In the video, he made a forecast that BTC may breakout swiftly and possibly reach a high of $44K in the next weeks. After filing their applications for a BTC Trade Traded Fund (ETF), Black Rock and several other major fund managers provided Van de Poppe with their opinions. According to the analyst, if these files are successful, the value of BTC might increase. In addition to being positive about Bitcoin, van de Poppe stated in his analysis that now…

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The insolvent cryptocurrency lending platform Celsius Community is facing with fresh accusations of market manipulation and inflated CEL token supply from its collectors. The claimants alleged that Celsius officials worked with cryptocurrency market maker Wintermute to control the value of Celsius CEL tokens through wash trading in a recent legal filing in the USA District legal for the District of New Jersey. Notably, Wash buying and selling is a dishonest practice that misrepresents an excessive amount of buying and selling for a particular asset. According to the lawsuit, Wintermute helped Celsius CEO Alex Mashinsky and other officials engage in illegal…

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Recently, Binance and Coinbase were the targets of litigation filed by the Securities and Change Fee (SEC). While Coinbase, a significant player in the cryptocurrency industry, was accused of operating as an unregistered dealer and exchange, Binance, along with its founder Changpeng Zhao, was accused of a variety of regulatory infractions. The whole crypto community has strongly criticized these legal actions against the two leading crypto firms. Legal expert John Deaton, the Managing Associate of the Deaton Law Firm, joined other investors in claiming that the SEC’s activities against Binance and Coinbase were driven by a desire to allow Wall…

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On the Bitstamp exchange earlier today, the price of one bitcoin rocketed to a one-year high of $31,431. A growing fervor surrounding a flurry of exchange-traded fund (ETF) filings served as the spike’s driving force. The Volatility Shares 2x Bitcoin ETF, which is set to debut on Tuesday, has been touted as effective and adds to the optimism. Trade analysts agree that this transfer is being regarded as a possible hint that the SEC is softening its previously hostile position towards Bitcoin. The BITX announcement, which comes after the successful launch of BITO, provides more evidence of a changing regulatory…

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Market watchers and traders have taken notice of XRP because it appears to be forming a reversed Head and Shoulders (H&S) sample on its value chart. This advancement, which is well-known in the world of technical analysis, might provide important insights regarding the future value trajectory of the cryptocurrency. A typical H&S sample can occasionally signal a bearish reversal in which prices may decline once the sample is finished. It has three peaks: the head, which is the highest, and the shoulders, which are the lowest two peaks. However, we are seeing a reversed H&S sample in the case of…

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The most popular cryptocurrency, Bitcoin, has once more surpassed the $30,000 threshold, encouraging traders. People are currently eagerly anticipating where Bitcoin’s journey will lead it in the upcoming years. Let’s explore the intriguing rainbow worth chart to gain insights. Future Bitcoin Price Prediction: Bullish or Bearish Events? The Blockchain Center-produced Bitcoin rainbow chart aids in our understanding of the cryptocurrency’s previous movements. Bitcoin is currently in the “Accumulate” sector, where its value fluctuates between $29,895 and $39,198. But what does the long term suggest? Let’s look ahead to 2024. Possible scenarios are provided by the rainbow chart for January 1,…

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JPMorgan said in a research paper released on Thursday that Bitcoin (BTC) miners that have access to cheap electrical energy and take advantage of a reliable power combination typically tend to flourish in the increasingly competitive environment. The research underlines miners’ efforts to find affordable and environmentally friendly power sources to protect their profitability and emphasizes how electrical energy prices are a major factor in mining bills. A significant factor in the general hash fee’s decline is the cost of electrical energy, particularly in the US, a major hub for Bitcoin mining operations. Lower electrical energy costs should help to…

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Under the shroud of scrutiny that is engulfing the global cryptocurrency market, Brazil opens an investigation into Binance, arguably the most renowned company in the sector. Guilherme Haddad Nazar, director of Binance Brazil, has been called in for questioning as a result of the inquiry and is expected to give his testimony before the national Congress. Congressman Alfredo Gaspar of Brazil’s CPI of the Monetary Pyramids asked Nazar to take a look. The motion put forth by Gaspar is awaiting approval from various CPI members. It is anticipated that the committee will meet next, where the vote will take place,…

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Bitcoin (BTC) has succeeded in interrupting a sizable file despite market turbulence. The monthly volume of Bitcoin transactions has surpassed its yearly average baseline for the first time since Terra (LUNA) fell. This significant improvement signals a rebound in on-chain activity, a sign of stronger community foundations and increased community usage. The value of Bitcoin has recently breached the critical $30,000 mark, continuing its upward trend. Given that the $30,000 mark is seen as a crucial psychological threshold for both buyers and sellers, this trend is notable. If Bitcoin successfully sustains this level, it might inspire newfound confidence and most…

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On a month-over-month (MoM) basis, the daily active addresses of Polygon (MATIC), Cosmos (ATOM), and Fantom (FTM) outperformed those of other blockchains. According to data from cryptometrics provider Artemis, the number of Fantom addresses increased by 70.1%. With a 225.9% increase, Polygon gained momentum while Cosmos expanded by 85.2%. The increase in the statistic indicates that a significant number of users used each of those networks to transmit or receive tokens. The growth spurt for Polygon could be attributed to NFTs’ advancements and the release of Polygon 2.0. On the other hand, Cosmos, which claims to be the “Web of…

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