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Shiba Inu’s burn rate recently saw a significant jump. After a slow start to the week, the burn rate spiked by 33% in just 24 hours. This is according to data from Shibburn.com. But what does this actually mean? A Small but Noticeable Burn Over the past day, a total of 18,684,231 SHIB tokens were…
Nigeria is sending a mixed message on cryptocurrency: it’s pro-crypto, but also cracking down on Binance. Let’s break it down. Binance’s Troubles in Nigeria Nigeria has been battling with Binance, the world’s largest crypto exchange, since 2024. The government’s actions are framed as necessary to improve its regulatory framework and fight crime. Here’s a timeline…
A former sound engineer for Eminem is in hot water after allegedly stealing and selling unreleased Eminem tracks for Bitcoin. The Great Eminem Music Heist Joseph Strange, who worked for Eminem from 2007 to 2021, is accused of selling 25 unfinished songs to a Canadian buyer for around $50,000 worth of Bitcoin. Prosecutors say he…
Bo Hines, Donald Trump’s crypto chief, has a clever idea for boosting the government’s Bitcoin stash without spending extra taxpayer money. He’s suggesting using gold certificates. Budget-Neutral Bitcoin Buying The government’s new Strategic Bitcoin Reserve (SBR) has a strict rule: it can’t spend any new money. So, how do you buy more Bitcoin? Hines’s solution…
California is launching a big guaranteed income pilot program for older adults! The state legislature and governor have approved $4.75 million to fund the initiative. Who’s Getting the Money? This program, tentatively called “Guaranteed Income Older Adults,” will help low-income Californians aged 60 and older. To qualify, participants must already be receiving some kind of…
Venture capital firms are pouring hundreds of millions of dollars into Toncoin (TON), a layer-1 blockchain. The TON Foundation, the project’s team, announced that the investment totals over $400 million. Who’s Investing? Some big names in the VC world are involved, including Sequoia Capital, Ribbit Capital, Benchmark, Kingsway Capital, Vy Capital, Draper Associates, Libertus Capital,…
Americans are stashing massive amounts of cash in bank accounts that aren’t protected by the FDIC, a new report reveals. Big Banks, Big Risk Customers at JPMorgan Chase, Wells Fargo, and Bank of America alone hold a staggering $2.62 trillion in uninsured deposits. That’s money exceeding the FDIC’s $250,000 insurance limit per depositor, per insured…
A popular crypto analyst, Guy Turner of Coin Bureau, predicts a huge surge in new crypto investors. He believes this will be triggered by a wave of initial public offerings (IPOs) from major crypto companies. Big Names Going Public? Turner highlights several companies potentially poised for IPOs, including Kraken (a major US crypto exchange), Circle…
Bitcoin’s price has been stuck in a rut lately, struggling to break back into six-figure territory. After dipping below $82,000, it tried to reach $87,000 but hit a wall. Let’s look at why $87,000 is such a key price point. Millions of Bitcoin Holders in the Red Crypto analyst Maartunn highlighted the importance of the…
The US government has dropped sanctions against Tornado Cash, a cryptocurrency mixer accused of helping North Korean hackers launder millions. This follows a court decision that said the Treasury Department overstepped its authority. The Case Against Tornado Cash Tornado Cash was on a US sanctions list since 2022, accused of processing over $455 million in…
