The cryptocurrency industry was founded on innovation. As such, projects are constantly working on ways to innovatively improve. Dogecoin is on the cusp of its biggest achievement since it launched in 2013. The Dogecoin-funded DOGE-1 moon mission has just received NTIA approval. In other news, Doge’s major competitor, Shiba Inu, has failed to capitalize on…
Innovation is the key to staying relevant and competitive in the ever-evolving world of cryptocurrencies. The latest entrant into this dynamic arena is a set of new altcoins, boasting a unique token burn utility. This feature is set to potentially rival the utilities of established players like Ripple (XRP) and Ethereum (ETH), two giants in…
Ripple Labs, one of the world’s leading blockchain-based payment firms has unlocked yet another 1 billion XRP tokens from its Escrow reserve as part of its monthly token release program. 1 Billion XRP Unlocked By Ripple Recent reports from leading on-chain crypto tracker Whale Alert revealed the 1 billion XRP tokens released today. The crypto…
Bitcoin finally broke above $38,500 once more after trading low for a couple of days. This latest jump in price may come as a surprise to many but the factors behind it suggest that it had already been in the making. So here are three reasons that drove the Bitcoin price above $38,500. MicroStrategy…
Cramer has flipped bullish on Bitcoin ($BTC), stating, ‘If you like Bitcoin, buy Bitcoin.’ Markets were bullish, but Cramer’s change in position could mark a local top, thanks to the infamous Cramer Effect. The host of Mad Money has a habit of making inverse predictions. Cramer says buy a stock it plummets; Cramer says short…
In a recent report by Fortune Magazine, it was revealed that Wormhole, a messaging protocol that allows developers to communicate across different blockchains, has successfully raised an impressive $225 million, valuing the project at $2.5 billion. Notably, the fundraising represents the most significant funding round for a cryptocurrency project in 2023. While this was technically…
On-chain data shows a Bitcoin indicator has been forming a bearish divergence for a while now, a sign that the top may be close for the asset. Bitcoin Short-Term Holder SOPR Has Been Moving Opposite To Price Recently As an analyst in a CryptoQuant Quicktake post, a bearish divergence has been brewing in the Bitcoin…
The crypto exchange has undergone a significant leadership transition in the aftermath of Binance Holdings’ $4.3 billion settlement with the US Department of Justice (DOJ). According to Bloomberg, Richard Teng, the newly appointed CEO following co-founder Changpeng “CZ” Zhao’s departure, has expressed his commitment to maintaining the stability of the core team. Binance’s Core Team…
The UK’s HM Revenue and Customs (HMRC) has introduced a new system for taxpayers to “voluntarily” disclose any unpaid tax on various digital assets. The European country has been implementing a strategy to increase its oversight of the nascent asset class. This initiative, announced on November 29, 2023, encompasses a range of crypto assets, including…
Borrowing rates for USDC, one of the most liquid dollar-pegged stablecoin, remain high on Aave and Compound v2, two of the world’s top decentralized protocols. According to Kaiko, a blockchain analytics platform, rates have ranged from 4% to 15% on Aave and around 13% on Compound. It should be noted that this surge is when the crypto…
