Rootoshi
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10 months, 2 weeks agoShiba Inu to Automate Token Burns, Potentially Boosting Value in 2024
Following the announcement of an automated Shib burn mechanism, speculations have been flying concerning the total number of SHIB tokens slated to be burnt every month in 2024. A Shiba Inu community member,…
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10 months, 2 weeks agoLitecoin Dominates BitPay Transactions Amid Rising Bitcoin, Ethereum Fees
Bitcoin (BTC) and Ethereum (ETH) transaction fees have seen a significant increase since 2023, leading to a shift in user preference towards more efficient cryptocurrencies for payments, such as Litecoin (LTC).…
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10 months, 2 weeks agoEthereum Unstaking Backlog Surges, Celsius Network Likely Culprit
The waiting period for Ethereum [ETH] validators to withdraw their staked ETH has seen a significant increase, reaching unprecedented levels since the Shapella Upgrade last year. Currently, a validator would have…
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10 months, 2 weeks agoBitcoin ETF Approval Could Ignite $2 Billion Influx, Shaking Crypto Market
Bitcoin and other major cryptocurrencies such as ethereum, XRP, and solana have surged into 2024 amid concerns over the future of U.S. dollar dominance. This comes after the bitcoin price rebounded last year…
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10 months, 2 weeks agoCoinbase Plans to Launch Crypto Derivatives in the EU
Crypto exchange Coinbase has announced plans to launch crypto-linked derivatives in the European Union (EU). The US-based exchange is set to acquire a holding company with a MiFID II license, which will enable it…
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10 months, 2 weeks agoNigeria Embraces Blockchain with New Stablecoin cNGN Launch
The Central Bank of Nigeria (CBN) has given its approval to the African Stablecoins Consortium (ASC) to introduce a new stablecoin, the cNGN. This move has sparked excitement and curiosity about the potential…
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10 months, 2 weeks agoCoinbase Plans to Acquire Cyprus Entity to Boost EU Derivatives Offerings
Cryptocurrency exchange heavyweight, Coinbase, has unveiled plans to acquire a Markets in Financial Instruments Directive (MiFID)-licensed entity based in Cyprus. This strategic acquisition is aimed at expanding…
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10 months, 2 weeks agoFormer Citigroup Executives Launch Bitcoin-Backed Securities Startup
A group of former Citigroup executives have launched a startup to offer Bitcoin-backed securities that they claim do not require approval from the US Securities and Exchange Commission (SEC). The startup, named…
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10 months, 2 weeks agoParadigm Sells 6,500 ETH to Coinbase, Triggers Ethereum Price Dip
Ethereum, a leading cryptocurrency, has recently seen significant activity in the broader crypto market following a major transaction. Paradigm, an institutional liquidity network, has reportedly transferred a…
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10 months, 2 weeks agoBitcoin Set for Major Gains in 2024 Regardless of ETF Approval: Analyst
Bitcoin (BTC) has started 2024 on a high note, recording a 3.18% gain in the first week of the year, as per data from CoinMarketCap. The leading cryptocurrency is anticipated to usher in a bullish crypto season,…
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10 months, 2 weeks agoMarathon Digital Sets Record in Bitcoin Mining Amid Industry Growth
Marathon Digital Holdings has made a significant mark in the cryptocurrency mining industry, setting a new record by mining 1,853 Bitcoin in December 2023. This achievement not only surpasses the company’s p…
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10 months, 2 weeks agoVanEck Pledges 5% of Bitcoin ETF Profits to Support Core Developers
Asset management firm VanEck has announced its commitment to donate 5% of the profits from its proposed spot Bitcoin ETF, if approved, to support core Bitcoin developers. A similar pledge has been made for Ethereum…
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10 months, 2 weeks agoBitcoin Spot ETF Approval Anticipated, BlackRock Prepares $2 Billion
As the deadline for the United States Securities and Exchange Commission (SEC) to approve Bitcoin spot ETF (exchange-traded fund) approaches, approximately a dozen applicants have submitted 19b-4 amendment…
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10 months, 2 weeks agoDCG Pays Off All Short-Term Loans Despite Crypto Market Challenges
Digital Currency Group (DCG), a venture capital firm, has announced the complete payoff of all its short-term loans from the now-defunct cryptocurrency lending platform Genesis. Despite the challenging conditions…
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10 months, 2 weeks agoSEC Expected to Approve Spot Bitcoin ETF Amid Market Speculation
The Securities and Exchange Commission (SEC) has been a significant topic of discussion in the crypto community in recent years, primarily due to its actions against various companies and projects. However, the…
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10 months, 2 weeks agoCoinbase Aims to Expand EU Derivatives Offering with Cyprus Acquisition
Coinbase is set to broaden its derivatives offerings in the European Union through the acquisition of a MiFID-licensed entity in Cyprus. This move, which is still awaiting regulatory approval, is expected to…
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10 months, 2 weeks agoArbitrum Outperforms Ethereum Mainnet, Boosting Layer 2 Blockchain Growth
In a significant achievement, Arbitrum has surpassed Ethereum’s mainnet in trading volume, marking a milestone in the blockchain industry. This success is part of a broader surge in Arbitrum’s performance, with the…
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10 months, 2 weeks agoBetter Markets CEO Warns SEC Against Approving Bitcoin Spot ETFs
Dennis M. Kelleher, Co-Founder and CEO of Better Markets, a non-profit organization dedicated to promoting public financial interest, has issued a strong warning to the US Securities and Exchange Commission (SEC)…
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10 months, 2 weeks agoPolkadot's First Meme Coin DED Expected to Boost DOT Prices
The Polkadot community is buzzing with anticipation as DED, the first meme coin in the ecosystem, is set to launch soon. This has sparked excitement and interest in DOT, the native token of Polkadot, as analysts…
