Shiba Inu’s Staking Platform Gears Up for Growth

K9 Finance, Shiba Inu’s official staking partner, has approved four proposals to boost the ecosystem’s growth and sustainability. Reduced Token Taxes KNINE token transactions will now have 0% tax on purchases and 3% tax on sales. This aims to make it easier to buy in while rewarding long-term holders. Operational Budget A monthly budget of…

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Bitcoin May Retrace Like 2019, Analyst Says

Crypto analyst Jason Pizzino believes Bitcoin’s recent surge resembles its 2019 pattern. Parallels to 2019 In 2019, Bitcoin soared 400% before consolidating for six months. Pizzino suggests that the current rally from $25,000 to $74,000 may follow a similar trajectory. Key Price Ranges Pizzino is monitoring key price ranges to predict Bitcoin’s next move. If…

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BlackRock’s Bitcoin ETF: A Hit with Fund Managers

BlackRock’s Bitcoin ETF (IBIT) is making waves in the financial world. It’s already attracting interest from over 30 fund managers, signaling a growing appetite for digital assets among traditional institutions. Fund Manager Ownership Eric Balchunas, a Bloomberg ETF expert, believes this is just the beginning. He calls it the “tip of the iceberg,” suggesting even…

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South Korean Won Dominates Crypto Trading

Surge in Korean Won Trading The South Korean won has become the leading currency for cryptocurrency trading worldwide in the first quarter of 2024. According to Kaiko, the total trading volume in Korean won reached $456 billion, surpassing the $445 billion traded in US dollars. This surge is attributed to the growing demand for “risky…

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Stacks L2 Upgrade: Nakamoto Release Date Set

Overview The Stacks L2 network, which allows for the creation of decentralized apps and smart contracts on the Bitcoin blockchain, is preparing for a major upgrade called Nakamoto. This upgrade is expected to significantly improve the speed and security of the Stacks ecosystem. Key Features of the Nakamoto Upgrade Fast Block Production: The upgrade will…

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Crypto Confidence Soars in Central Europe

A recent study by KPMG has revealed that crypto investors in Germany, Austria, and Switzerland are pouring significant portions of their portfolios into digital assets. Key Findings On average, respondents allocated over 25% of their total assets to crypto. 54% invested at least 20% of their assets in crypto. 34% considered crypto investments “rather safe,”…

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