Massive Increase in Burned Tokens Shiba Inu’s burn rate has seen a dramatic surge, with over 87 million tokens burned in the past 24 hours. This represents a whopping 48,554% increase! Two Large Transactions Drive Surge The surge was driven by two large transactions: 61.9 million tokens from the “0xb8001c3” wallet 25.85 million tokens from…
P2P Purchase Ban Thailand is taking action to combat online fraud by banning peer-to-peer (P2P) cryptocurrency purchases. Scammers have been using P2P channels to launder money from illegal activities. Regulatory Measures The Securities and Exchange Commission (SEC) is developing rules to regulate P2P cryptocurrency exchanges. The government aims to close loopholes that allow fraudsters to…
Cathie Wood’s $2.3 Million Forecast In a recent report, Ark Invest predicted that Bitcoin could reach $2.3 million if it becomes a widely accepted asset. This projection has gained support from Robert Kiyosaki, the renowned author of “Rich Dad, Poor Dad.” Kiyosaki’s Endorsement Kiyosaki believes that Ark Invest CEO Cathie Wood is a brilliant investor….
SEC Silence Raises Concerns The highly anticipated approval of spot Ethereum exchange-traded funds (ETFs) in the US is facing a setback. Jan van Eck, CEO of VanEck, believes the SEC is likely to reject their application due to the agency’s lack of communication. Bloomberg Analyst Downgrades Odds Eric Balchunas, a Bloomberg ETF analyst, has lowered…
Crypto analyst Altcoin Sherpa believes that Fantom (FTM) has the potential to surge by over 15% in 2024. He cites the project’s strong treasury as a reason for his optimism. However, he advises waiting for consolidation before entering a long-term position, targeting a buy-in price of $0.83 or $0.70. Other Altcoins to Watch Altcoin Sherpa…
VanEck CEO Jan van Eck believes that the US Securities and Exchange Commission (SEC) will reject applications for Ethereum (ETH) exchange-traded funds (ETFs). SEC’s Stance on ETH ETFs In March, the SEC announced a 60-day delay in its decision on ETH ETFs. The agency cited the need for more time to consider the proposal. Industry…
Permissionless Capital, a platform for Web 3.0 startups, is inviting applications for its “Permissionless Opportunities” competition. What’s in It for Startups? Selected startups will receive: Funding and resources to develop their products Access to industry experts and investors Media coverage to boost their visibility Mentorship and technical support How to Apply Applications open from April…
Bitcoin’s ‘Max Pain’ Scenario According to analyst Bluntz, Bitcoin may be experiencing a “Max Pain” scenario, where it spikes to $76,000 before dropping to $64,000. This would lure investors back in with fear of missing out, only to see it fall again before a true rally. Gold’s Parabolic Rise Bluntz believes gold is poised for…
Low Fees for Bitcoin Miners Bitcoin transactions have been incredibly cheap lately, with fees hovering near their lowest point in recent times. This means that miners have been earning very little from fees. Block Subsidy and Transaction Fees The total revenue for Bitcoin miners comes from two sources: block subsidies (rewards per block) and transaction…
A recent analysis has revealed that a single anonymous custodian, believed to be Cobo Custody, holds a significant amount of Bitcoin mined by major mining pools. Concentration of Control The custodian controls the Coinbase addresses of at least nine mining pools, including AntPool, F2Pool, Binance Pool, and Poolin. This means that for every 100 Bitcoin…
