Solaxy (SOLX), a new project, just hit a massive $5 million in its presale—a mere ten days after launching! That’s seriously fast fundraising. But what’s the big deal? Solana’s Speed Bump Solaxy is unique because it’s Solana’s first Layer-2 solution built specifically for meme coins. This is huge because Solana, while super fast and cheap,…
Shiba Inu (SHIB) saw a significant jump in its burn rate on Christmas Day. This means a lot more SHIB tokens were sent to “burn addresses,” essentially removing them from circulation. A 42% Burn Rate Increase Data shows a whopping 41.87% increase in SHIB burns compared to the previous day. While not the biggest spike…
It’s officially the year of the meme coin! Data from CoinGecko shows that meme coins are hugely popular, grabbing a whopping 31% of investor attention. That’s one in three crypto users choosing Dogecoin, Pepe, and others over Bitcoin! Solana’s Meme Coin Dominance Solana is still a major player, hosting popular meme coins like BONK, WIF,…
Crypto analyst Benjamin Cowen is predicting a potential price drop for Cardano (ADA) if the market takes another downturn. He shared his analysis with his over 800,000 YouTube subscribers. The Fed’s Role and ADA’s Potential Dip Cowen’s prediction hinges on the Federal Reserve’s actions. He suggests that if the Fed doesn’t restart quantitative easing (QE)…
Russia is taking a firm stance against Bitcoin mining in several regions due to growing energy concerns. Starting January 1, 2025, a complete ban on cryptocurrency mining will be in effect until March 15, 2031, in ten regions. Regions Affected by the Ban: The ban will impact Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, and…
Two California men are facing federal charges for allegedly running a massive NFT investment scam. The scheme allegedly defrauded investors out of millions of dollars. The Alleged Scam 23-year-olds Gabriel Hay of Beverly Hills and Gavin Mayo of Thousand Oaks are accused of conspiracy and wire fraud. Prosecutors say they orchestrated multiple “rug pull” scams,…
A popular crypto analyst, Benjamin Cowen, is predicting a potential Bitcoin price drop. He shared his concerns with his 850,000 YouTube followers. Technical Indicators Point to a Dip Cowen’s analysis focuses on technical indicators, specifically the extension from Bitcoin’s 20-week simple moving average (SMA). He says this suggests a high risk of a correction. He…
The IRS has made it clear: crypto staking rewards are taxable income the moment you get them. This isn’t new, but they’ve recently reaffirmed this stance in a legal battle. Staking Rewards: Taxable Income, Not “New Property” The IRS says staking rewards aren’t like creating something new (like writing a book or growing crops). They’re…
Litecoin’s daily active addresses—the number of unique addresses making transactions—have seen a nice boost in 2024. A Year of Growth According to IntoTheBlock, Litecoin’s daily active addresses are up compared to last year. This means more people are using the Litecoin network. While the number of daily active addresses fluctuates, the average for 2024 is…
Singapore has zoomed ahead of Hong Kong as Asia’s top crypto hub. This isn’t just an opinion; it’s backed by numbers. Singapore’s Winning Strategy: More Licenses, More Players In 2024, Singapore issued a whopping 13 crypto licenses – more than double the number from the previous year. Big names like OKX, Upbit, Anchorage, BitGo, and…
