Surge in Meme Coins Solana has seen a surge in meme coins, with tokens like Bonk Inu (BONK) and Dogfight (WIF) showing impressive growth. However, this popularity has come with some challenges. Challenges Faced by Meme Coin Ecosystem Failed Transactions:The influx of bots has led to a high number of failed transactions, reaching 72%. While…
Security Breach Summary On March 19, Trezor’s Twitter account was hacked and used to promote a fake cryptocurrency presale. The hacker posted a link to a website that stole users’ funds. Trezor’s Response Trezor regained control of the account and published a preliminary report addressing concerns. They emphasized that the breach was not due to…
Trust Company Charter Approval WisdomTree, known for its Bitcoin ETF, has received a trust company charter from the New York State Department of Financial Services (NYDFS). This allows WisdomTree to operate as a trust company in New York, paving the way for its crypto app launch. Fiduciary Custody and Stablecoins With this charter, WisdomTree can…
Price Performance In 2024, Shiba Inu has been outperforming Dogecoin. Since the start of the year, SHIB has surged over 150%, while DOGE has gained around 100%. However, Dogecoin has shown more stability during downtrends, with a smaller decline from its March highs. Volatility Shiba Inu is more volatile than Dogecoin. Its price can move…
A bill is making its way through the Minnesota legislature that would provide $200 million in guaranteed income to eligible residents. Program Details If passed, the program would allocate $100 million this year and another $100 million in 2025. Households living at or below 300% of the federal poverty level would be eligible to apply….
A popular crypto analyst, Altcoin Sherpa, believes the Solana-based memecoin Book of Meme (BOME) could surge even higher after its recent meteoric rise. BOME’s Impressive Rally BOME debuted on March 14th at $0.000059 and has since soared to $0.0132, marking a staggering 22,273% gain. Altcoin Sherpa predicts it could climb further to $0.0190 before experiencing…
Crypto analyst Rekt Capital warns that Bitcoin (BTC) could drop further before the upcoming halving event, where miners’ rewards are halved. Danger Zone Bitcoin has entered a “danger zone” where it has historically corrected between 20% and 40% before halving events. The current pullback of nearly 18% since last week falls within this range. Similarities…
Coin Bureau’s Guy Turner predicts a bullish future for Bitcoin and altcoins. Timeline for Gains Turner estimates that crypto prices will soar in approximately nine months. He anticipates Bitcoin reaching new all-time highs near $100,000, while altcoins will also experience significant growth. Reasons for Optimism Turner’s bullish outlook is based on: Reduced political and geopolitical…
Bitcoin Spot ETFs have seen four straight days of withdrawals, leading to price declines across the crypto market. Outflows Led by Grayscale The Grayscale Spot ETF has been the main driver of the outflows, with investors expressing concerns about its high fees. This is the second time Spot ETFs have experienced four consecutive days of…
Despite four days of Bitcoin exchange-traded funds (ETFs) losing money, the Bitcoin price has climbed back above $66,000. Grayscale ETF Outflows Grayscale’s ETF (GBTC) had a huge outflow yesterday, losing $358 million in a single day. This brings GBTC’s total outflow to $13.63 billion. BlackRock ETF Inflows In contrast, BlackRock’s Bitcoin ETF (IBIT) gained $233…
