In the financial market pump and dump is quite common. Every market either stock, bond, or crypto, prices dump once in a while. This type of fall is healthy for the market to move in an upward direction. Whales try to manipulate the market and accumulate or increase their position in the asset. The crypto…
Recently, reports from IntoTheBlock revealed that the Litecoin (LTC) network has exceeded five million long-term holders. This achievement represents approximately 62.5% of all LTC addresses with a balance, underscoring Litecoin’s widespread adoption and long-term viability within the crypto community. Rising Long-Term Holder Trend Signals Optimism The surge in long-term holders has been particularly noticeable in…
Analysis of GBP/USD 5M GBP/USD showed quite a strong rise on Tuesday. The macroeconomic background supported the pound. Although, we can’t say that it completely supported the British currency, but still, three out of four reports were in its favor. The UK Services PMI grew stronger than expected, while both US PMIs performed poorly. Therefore,…
According to a CNBC report, spot Bitcoin exchange-traded funds (ETFs) issuers have expressed skepticism that the US Securities and Exchange Commission (SEC) will approve similar spot Ethereum ETFs. Market participants, including asset managers BlackRock, Fidelity, and VanEck, eagerly await approval for Ethereum ETF products, but some issuers are uncertain about the SEC’s green light. Uncertainty…
Binance has announced more stringent know-your-customer (KYC) measures for sub-accounts within the Binance Link program. The exchange continues to implement more measures in an effort to meet regulatory requirements around the world. Binance is introducing stricter know-your-customer (KYC) measures for sub-accounts beginning April 20th. The world’s largest crypto exchange by trading volume has in recent…
Upon designing what has later become the world’s largest blockchain network, Satoshi Nakamoto decided to incorporate an event happening approximately every four years to set a certain inflation rate for the creation of new BTC. The so-called halving slashes in half the rewards miners receive for their work on the network, which, in theory, should…
London, United Kingdom, April 17th, 2024, Chainwire A new multichain meme coin, Dogeverse, has raised $6 million in its presale and recently passed a smart contract audit. The new meme coin leverages bridge technology, ensuring the token is available across the most prominent on-chain markets. Multichain Approach Creates Widespread Accessibility Dogeverse’s approach to multichain availability…
Bitcoin’s fourth halving, a highly anticipated event occurring every four years in the cryptocurrency realm, has finally occurred. This event, reducing the Bitcoin block reward from 6.25 BTC to 3.125 BTC, marks a crucial moment in the industry. As a result, the daily issuance of Bitcoin has been slashed in half, now standing at around…
Terraform Labs co-founder Do Kwon has faced a new legal setback after Montenegro’s Supreme Court once again approved the extradition. With this decision, the previous extradition ruling by the High Court has been reversed, thereby resetting the whole process. The final decision now rests in the hands of the Minister of Justice, Andrej Milovic, who…
Identifying promising projects is essential for investors seeking substantial returns. As we navigate through April 2024, three coins have captured the attention of the crypto community: Retik Finance, Shiba Inu, and Dogecoin. Each of these coins presents unique opportunities and challenges, making them worth watching closely in the coming month. Retik Finance (RETIK) Retik Finance…