In the last 24 hours, Shiba Inu, the widely popular meme coin, witnessed a remarkable increase in its burn rate, with 8,241,856,589 SHIB tokens incinerated in a single transaction. The total Shiba Inu tokens burnt in this period reached 8,349,329,301, marking an astounding surge of over 7,686,774%. JUST IN: #ShibaInu‘s burn rate soars 7,687,000% after […]
Bitcoin’s RSI Whispers of Consolidation: A Brief Dip Before $50,000?
Bitcoin, the ever-volatile king of crypto, has once again set tongues wagging after its price surged to $42,000 earlier today. But amidst the celebratory cheers, a whisper of caution emerges from a trusted confidant: the Relative Strength Index (RSI). For the uninitiated, RSI is a technical indicator revered for its ability to gauge the speed […]
Hedge Fund Pantera Capital Says This Sector Could Onboard New Wave of Users Amid New Altcoin Project Collaboration
Crypto hedge fund Pantera Capital says that one sector of the digital assets industry could onboard new waves of users as it announces its collaboration with an under-the-radar project. In a new blog post, decentralized autonomous organization (DAO) Merit Circle (MC) says that it is collaborating with Pantera Capital as a means of bolstering Beam […]
SEC Delays Grayscale Ethereum ETF, Confirms Receipt of BlackRock ETH Fund
Grayscale will have to wait until late January 2024 to learn the fate of its request to covert its Ethereum trust into an ETF.
Robinhood’s Crypto Trading Volumes Surge 75% in November
Cryptocurrency trading volumes on Robinhood experienced a significant increase in November by approximately 75% above the levels recorded in October, based on early results disclosed by the company. However, equity trading volumes and options contracts traded in November remained relatively consistent, aligning with the levels observed in October, according to a Form 8-K filing submitted […]
SEC pushes deadline to decide on Grayscale spot Ethereum ETF
The United States Securities and Exchange Commission (SEC) has delayed its decision on whether to approve or disapprove of a spot Ethereum exchange-traded fund, or ETF, offering from asset manager Grayscale. In a Dec. 5 notice, the SEC said it would designate a longer period on whether to approve or disapprove of a proposed rule […]
Ethereum At $2,200 Is “Hilarious”; Is A 10X Incoming?
Crypto investor Ryan Sean Adams argued on December 4 that Ethereum’s (ETH) current valuation of around $2,200 is almost “hilarious” given the strengthening on-chain activity and the blockchain’s role in the sphere. Venture Capitalist: Here’s Why Ethereum Is Grossly Undervalued Adams cited data like the first smart contract platform generating billions annually in “gas” fees, transitioning to […]
Why Bitcoin Mining Firms Thrive as BTC Surges 20% in a Month
Cryptocurrency mining companies like Marathon Digital and Phoenix saw remarkable growth amid a strong 20% monthly growth in Bitcoin. Continue reading at DailyCoin.
Ethereum NFT Creators Scramble to Secure Projects From Thirdweb Exploit
Some creators of Ethereum NFT projects are scrambling to secure their collections after Thirdweb, a prominent crypto development platform, disclosed issues with its smart contracts late Monday. Thirdweb wrote that a security vulnerability in a “commonly used open-source library for Web3 smart contracts” was discovered, and that it affects pre-built contracts offered by Thirdweb among […]
Crude oil’s decline causes Canadian Dollar’s winning streak to snap
Crude Oil prices are down, and the Canadian Dollar – CAD – is taking a huge blow on its face. The WTI Crude Oil has slipped below $74 per barrel. While Canada experienced a bump in Housing Starts in October, the market sentiments are down with the US Initial Jobless Claims. Interestingly, it is history […]