Economy
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Chainlink Turns into Long-Heavy As Tag Clears $16: Top Right here?
Chainlink has seen long contracts pile up on Binance during the past day, which may lead toward a top for the cryptocurrency. Chainlink Funding Rate On Binance Has Turned Highly Positive According to data from the on-chain analytics firm Santiment, the Chainlink funding rate on Binance has now reached the highest level in about four weeks. The “funding rate” refers to the periodic fee that derivative traders on any given…
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XRP Brand Pump: Why This Crypto Analyst Believes It’s Now Or Never
Popular Bitcoin and crypto analyst Muro has joined the XRP bandwagon, predicting a ‘now or never’ moment to go long on the XRP price. The crypto has had a flurry of activities over the past few months, with various predictions coming on the crypto’s direction before the end of 2023 and in 2024. However, it had gone unnoticed by Muro until the last week of November when he noted a…
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Dogecoin Above $0.1? Crypto Analyst Lists Reasons Why DOGE Designate Will Proceed To Rally
Dogecoin (DOGE) has been up close to 75% in the last 45 days and if one analyst’s projection is anything to go by, this rally isn’t coming to an end anytime soon. This comes at a time when many are hoping that DOGE can hit the $0.10 mark and possibly reach new highs. Why DOGE’s Future Is Bullish In a video posted on his YouTube Channel, crypto analyst Austin Hilton…
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Swan Soars In Bitcoin Condo: Onboarding Institutions With $200 Million Deployed
In a year of turmoil in the Bitcoin and crypto sector, Swan has been one of the companies injecting capital into the nascent industry. Despite the sector’s struggles, including high-profile setbacks faced by Sam Bankman-Fried and Changpeng Zhao, Bitcoin has thrived, culminating in a remarkable rally to close the year. A report from Fortune Magazine highlights Swan’s investment and why they could be poised to yield positive results as the…
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Bitcoin Has Been In A Class Of Its Comprise For The Final 10 Years, Top Expert Says
Bitcoin has encountered a critical resistance level going into the weekend and could move sideways following a massive rally. According to an expert, the cryptocurrency has been breaching every major obstacle, making it one of the best-performing assets. As of this writing, Bitcoin (BTC) trades at $43,600 with sideways movement in the last 24 hours. Over the previous seven days, BTC recorded a 14% increase, with Ethereum following its footsteps,…
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Bitcoin HODLing: A Third Of The Present Now Unmoved Since 5+ Years
On-chain data shows about a third of the total circulating Bitcoin supply hasn’t seen any movement on the blockchain since over five years ago. Bitcoin Supply Grows More Dormant As HODLing Continues In a new post on X, analyst James V. Straten shared a chart showing how the Bitcoin supply held by the different long-term holder segments has changed over the asset’s history. The “long-term holders” (LTHs) refer to those…
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Binance Founder Ordered To Preserve Build In The US In Ongoing Probe
Binance Co-founder and former Chief Executive Officer (CEO) Changpeng CZ Zhao, has been confined to remain in the United States in advance of his sentencing expected to take place next year. Former Binance CEO No Longer Leaving The US The Binance co-founder has been ordered by US District Judge Richard Jones to remain in the country in a ruling on Thursday. Zhao was instructed to stay in the US due…
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Dogecoin Influencer Believes DOGE Pockets Hack Used to be Planned And Focused
A Dogecoin influencer has shared his thoughts on how the hack that occurred on the official X (formerly Twitter) account of the My Doge Wallet must have happened. Apparently, there is the possibility that the hack was done to prove a point. Dogecoin Wallet Account Hack “Well Planned And Diabolically Timed” In a post on his X (formerly Twitter) platform, Dogecoin influencer Mishaboar stated that the hack on MyDoge’s X…
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XRP Tag To Lunge Parabolic? Crypto Analyst Confirms 1000% Golden Evil Has Returned
The XRP price is still underperforming the general crypto market raising concerns among holders. However, it is not all bad for the cryptocurrency which boasts of one of the strongest communities in the sector. As for its price, the optimism toward a recovery remains high as crypto analyst JD has given a rather bullish prediction for the altcoin’s price. XRP Price Confirms Golden Cross Fo 1000% Rally In his latest…
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International Crypto Acceptance: Report Reveals Cryptocurrency Legalized In 119 International locations
A recent report by CoinGecko sheds light on the global status of cryptocurrency, highlighting the legalization, regulation, and adoption trends across different countries. The report reveals intriguing insights into the widespread acceptance of digital assets, the regulatory landscape, and the countries that have embraced or banned their usage. 95% Of European Nations Recognize Legitimacy According to CoinGecko’s findings, cryptocurrency is legal in 119 countries and four British Overseas Territories, indicating…
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63.2% Of PEPE Holders Now In Income: How This Compares With DOGE, SHIB
On-chain data shows 63.2% of all PEPE holders are now holding some profit. Here’s how this compares against DOGE, SHIB, and other memecoins. PEPE Has Recently Woken Up With Fresh Rally And On-Chain Activity According to data from the market intelligence platform IntoTheBlock, PEPE’s latest price surge of over 37% during the past week has meant that its holder profitability ratio has observed a significant jump. The below chart shows…
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Polygon Reigns Supreme With 76% Inscription Process On EVM Chains
In the dynamic realm of blockchain technology, a paradigm shift is underway as Polygon emerges as the indisputable leader in inscription activity across EVM (Ethereum Virtual Machine) chains. The inscription phenomena has gained significant popularity, according to the EVM Inscription Dune Analytics dashboard, which was maintained by Hildobby and unveiled on December 7. The primary feature of this inscription trend is Polygon’s pivotal function as an Ethereum layer 2 scaling…
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Ethereum Stamp Soars To Over $2,300 – Is $3,000 Next?
The market performance of Ethereum has been steadily rising since October, marking a positive and long-lasting trend. Increased buying activity has been the main driver of this positive momentum that has persisted over time, pushing the cryptocurrency beyond the vaunted $2,000 resistance mark and igniting a continuing rally. The value of Ethereum has sharply grown as a direct result of this increased demand and market optimism, with its sights set…
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Bitcoin Ticket Remains Stable and Eyes Contemporary Surge Above $44K
Bitcoin price corrected lower and tested the $42,800 support zone. BTC is now showing positive signs and might attempt a fresh surge above $44,000. Bitcoin is holding gains above the $42,500 pivot level. The price is trading above $42,800 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $42,900 on the hourly chart of the BTC/USD pair (data feed from Kraken).…
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Bitcoin Location ETF Approval: Constancy ETF Listed On DTCC Net page And Assigned A Ticker
Spot Bitcoin ETF filers continue to make necessary preparations and adjustments in hopes of imminent approval by the Securities and Exchange Commission (SEC). As part of these preparations, asset manager Fidelity Investments has gotten its fund listed on the Depository Trust & Clearing Corporation (DTCC) website. Fidelity’s Spot Bitcoin ETF Ticker Also Revealed Crypto outlet Bitcoin Magazine first made this development of the DTCC listing known in an X (formerly…
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Analyst Says Bitcoin Correct Broke A Bullish Megaphone Sample, What Are The Implications?
Bitcoin continues to maintain its bullish momentum even after some corrections following the breach above $44,000. Despite rising almost $15,000 in 30 days, the bullish sentiment has still not waned, especially among crypto analysts, who continue to expect more bullish strides from the cryptocurrency. Bitcoin Breaks Bullish Megaphone Pattern In a new analysis, crypto analyst TradingShot has referred to a peculiar pattern that the Bitcoin price has broken. According to…
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Terra Traditional Value Climbs 77% Amid Lift out Kwon Extradition Drama
Following Do Kwon’s arrest in Montenegro and subsequent legal issues, the price of Terra Classic (LUNC) demonstrated its durability. Do Kwon’s legal representatives will not be able to stop his extradition to the United States. To be more precise, the attorneys had challenged a ruling from late November that permitted this kind of transfer. In the aftermath of the arrest, Terra Classic (LUNC) held its ground with a sustained 77%…
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Bitcoin Value Dips To $43,200: Choose Or Sell Now? Analyst Predicts Pattern
Amidst a week of significant volatility in the cryptocurrency sphere, the Bitcoin price has been a focal point, especially following a dip below $43,200 today. After climbing to $44,533 on Tuesday, the price has since entered an ascending channel, touching a local low of $42,835 on Thursday. This trend has sparked a critical debate: is this a sign of an impending major correction following Bitcoin’s 65% rise in the past…
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Bitcoin Mentioned 40x By Sleek Hampshire’s Nuclear Energy Look
The New Hampshire Commission on Nuclear Energy’s latest report has highlighted a significant intersection between nuclear energy and Bitcoin mining, underscoring its potential to revolutionize energy utilization and demand in the sector. Bitcoin mining is mentioned 40 times in the report. BREAKING: New Hampshire Commission on Nuclear Energy produces a report on “Next-Generation Nuclear Reactor Technology” which mentions #Bitcoin over 40 times. pic.twitter.com/mTlN5T1hY7 — Dennis Porter (@Dennis_Porter_) December 7, 2023…
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Liquidation Scrape: Litecoin Wallets Draining Snappily – What’s Subsequent For LTC Costs?
Litecoin (LTC) suffered a major fall after a week of consistent growth, posing possible difficulties going forward. According to recent data, a significant proportion of wallets have sold their Bitcoin holdings. As of this writing, LTC is trading at $74.60, down 1.1% from its peak price over the previous day. This decline has also had an effect on LTC’s market capitalization. With Litecoin’s market value falling by 55% compared to…
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93% Of All Bitcoin Has Now Been Mined, How Grand BTC Is Left?
The total Bitcoin supply which is pegged at 21 million has been continuously mined since the coin was first introduced back in 2009. Now, 14 years later, the mined percentage of this total supply sits at 93%, so how much BTC is left to mine? 93% Of Bitcoin Supply Already Mined The total mined Bitcoin crossed 19 million back in 2022 and the figure has continually risen since then. Then…
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Shiba Inu Group Unveils Enhanced SHIB And BONE Burns, What This Formulation
Shibarium’s burning mechanism has been in the limelight of late, especially with the recent record of over 8 billion Shiba Inu tokens burnt in a single day. This burning mechanism seems to have undergone an update, which could further enhance its performance. Shibarium Undergoes Swift Hard Fork A screenshot containing a discord message from DaVinci (a member of the Shiba Inu development team) surfaced online recently. In the message, DaVinci…
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US Senator Labels Cryptocurrency As A Current Threat, Calls For Regulation
Elizabeth Warren, a United States Senator has voiced her concerns about the role of cryptocurrency at large and the threat it poses in the global landscape while stressing the need for a better regulation. US Senator Calls Cryptocurrency A Rising Threat A pseudomynous user on X (formerly Twitter) recently took to the social media platform to share the US senator’s opposition to cryptocurrency. The X post was accompanied by a…
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Why Is Solana Tag Up Today? 4 Main Reasons
The Solana (SOL price has risen by more than 14% in the last 24 hours and is now trading above $71. Here are the major reasons for SOL’s latest price rally. #1 Solana Price Follows Bitcoin’s Chart Pattern The Solana price is on the verge of mirroring the price action of Bitcoin (BTC) from last week. Crypto Analyst Jelle highlighted the similarities in a post on X. He stated, “In…
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VanEck’s 2024 Bitcoin And Crypto Blueprint: 15 Predictions You Can’t Leave out
Financial giant VanEck has put out 15 stunning Bitcoin and crypto predictions for 2024. Authored by Matthew Sigel, Head of Digital Assets Research, and Patrick Bush, Senior Investment Analyst, the analysis offers an insightful outlook on the future of the Bitcoin and cryptocurrency market. VanEck’s Bold Bitcoin Predictions #1 US Recession And Bitcoin ETFs: Sigel and Bush start with a macroeconomic perspective, predicting a US recession in early 2024. This…
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DOGE In Hollywood: Dogecoin Makes An Look On Family Guy
Bitcoin, Ethereum, and Dogecoin have been mentioned in the latest episode of Family Guy, one of the longest-running shows in American history. The three cryptocurrencies were mentioned in reference to crypto payments as a character from the show, Meg, tries to pay for a service. Accepting Bitcoin, Dogecoin, And Maybe Ethereum In the latest episode of the Family Guy series, the appearance of Bitcoin, Dogecoin, and Ethereum center around Meg,…
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BLUR Is Down 30%, And Whales Are To Blame–Right here’s Why
Blur, a decentralized non-fungible token (NFT) marketplace, and OpenSea competitor is under pressure, tumbling by over 30% from its November peaks. While BLUR retreats, on-chain data reveals that BLUR whales have been moving their tokens to leading crypto exchanges, possibly to liquidate. Whales On A Possible Selling Spree According to Lookonchain data on December 7, several whales have been offloading large amounts of BLUR. To illustrate, 16.85 million BLUR, worth roughly $8.43…
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What Is Defi? An Explainer And Handbook
Decentralized Finance, commonly known as DeFi, is rapidly reshaping the landscape of financial transactions and systems in our increasingly digital world. This innovative approach to finance merges traditional monetary processes with the cutting-edge technology of blockchain, offering a more accessible, transparent, and efficient financial system. In this guide, we delve into the question “What Is DeFi”, we aim to demystify decentralized finance, illustrating its importance and impact in today’s financial…
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Sam Altman-Backed Crypto Startup Looks To Stable $100 Million For Bitcoin Inner most Credit Fund
Meanwhile Advisors, a crypto startup backed by the American entrepreneur Sam Altman, has announced plans to raise $100 million for a Bitcoin (BTC) private credit fund. The fund, known as Meanwhile Private Credit Fund aims to provide institutional investors with access to BTC while targeting an additional 5% yield denominated in the cryptocurrency. Bitcoin Rally Sparks Launch Of Meanwhile Advisors Fund According to a report by The Block, Meanwhile Advisors…
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Avalanche Can pay Top price to Incentivize Validators, Will AVAX Go alongside with the circulation To $145?
Avalanche, the fourth-generation proof-of-stake (PoS) blockchain, incurs significant costs to incentivize its validators. Token Terminal data on December 7 shows that in the past year, the smart contract platform paid over $275 million in AVAX to compensate its validators despite generating only $11.5 million in user fees. Avalanche Is Paying A Premium To Incentivize Validators Although it appears that Avalanche is paying a premium for validators, this is critical in securing the…