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Dead or Alive: Number of Cryptocurrencies Worldwide from 2013 to January 2024
25.3.2024
2024 began with over 9,000 cryptocurrencies available globally, 13% fewer projects ‘alive’ compared to the all-time high reached in 2022, accordign to Statista data.
The post Dead or Alive: Number of Cryptocurrencies Worldwide from 2013 to January 2024 appeared first on Cryptonews
Turkish Citizens Seek Refuge in Gold and Stablecoins Amid Surging 67% Inflation Rate
24.3.2024
According to February 2024’s latest inflation data, Turkey faces an inflation rate exceeding 67%, amid ongoing currency devaluation and a declining lira against the U.S. dollar. Recent findings suggest that in an effort to safeguard their wealth, Turks are increasingly turning to gold, with...
Jupiter Soars by Nearly 100%, Leading This Week’s Crypto Gainers
18.3.2024
Over the past week, bitcoin and ethereum faced declines, while a number of alternative cryptocurrencies enjoyed significant appreciation. Notably, JUP soared by 99.5% against the dollar, with WIF climbing 42% and SOL increasing 37% in the same period. Alternative Crypto Assets Outshine Bitcoin...
From Laughs to Loot: Meme Coins FLOKI and PEPE See Explosive Growth Amidst Crypto Surge
8.3.2024
On Friday, bitcoin and ethereum experienced modest upticks, registering increases of 2% to 5%, respectively. Meanwhile, the meme coin FLOKI has soared by 70% in the last 24 hours, with PEPE also making notable gains of 32.7%. Friday saw around ten cryptocurrencies achieving double-digit increases...
Virginia Senate Passes Blockchain Bill to Foster Crypto Adoption
6.3.2024
Virginia's Senate Bill No. 339 aims to create a research group to study blockchain and cryptos.
The post Virginia Senate Passes Blockchain Bill to Foster Crypto Adoption appeared first on Cryptonews
Satoshi’s Growing Fortune, JPMorgan Says Halving Priced in, Peter Brandt Raises BTC Price Target, and More — Week in Review
3.3.2024
Bitcoin’s valuation surged past the $1 trillion mark, significantly increasing the net worth of its elusive creator, Satoshi Nakamoto, by nearly $9 billion in two months. JPMorgan Chase analysts have identified the Bitcoin halving event and an upcoming major Ethereum network upgrade as...
You’ll Need To Spend $70k To Enter This Digital Bathroom And Twerk
1.3.2024
A large metaverse project created by the company behind the Bored Apes Yacht Club NFT project held a recent series of beta sessions for individuals who owned certain NFTs. While the developers claim this is just the beginning, it’s not looking promising considering how much money is involved. Read...
Nearly Two-Thirds of Crypto Projects Meet their Demise, New Research Finds
16.2.2024
Nearly two-thirds of crypto projects to launch in the past several years have met their demise, according to a recent analysis of over 12,000 cryptocurrency projects. The report, conducted by AlphaQuest and Storible, found that 72% of projects born during the 2020-2021 bull run have failed....
CPI Report Triggers Market Tumble: Stocks and Crypto Decline as Inflation Concerns Mount
13.2.2024
On Tuesday, the U.S. Bureau of Labor Statistics released its Consumer Price Index (CPI) report, indicating a 0.3% rise in January. Following the release, all three major stock indices experienced a decline, Treasury yields climbed, and crypto assets took a hit, moving downward from their recent...
Ukraine Set to Freeze Citizens’ Bank Accounts Who Sidestep War Draft – Can Crypto Help?
8.2.2024
On February 7, the Ukrainian parliament approved the first reading of a bill to enforce stricter regulations for mobilizing recruits into the military. It also proposed freezing bank accounts for those attempting to evade the country’s war draft. This dramatic move highlights the gravity...
Weekly Crypto Roundup: Standouts From FLR, LINK and Stumbles From MANTA, and CFX
5.2.2024
In the span from Jan. 29 to Feb. 5, 2024, while bitcoin and ethereum have remained stagnant within their trading ranges, a selection of cryptocurrencies have enjoyed significant weekly upsurges, registering double-digit gains against the U.S. dollar. Specifically, flare, chainlink, and bittensor...
Veteran Investor Jim Rogers on Crypto: Bitcoin Unlikely to Become Money, Governments Favor CBDCs
3.2.2024
In a new interview, Jim Rogers, who helms Rogers Holdings Inc. and was a co-creator of the Quantum Fund alongside George Soros in the 1970s, shared his observation of “various signs that something is going to go wrong soon” within the U.S. economy, predicting an impending recession....
FDUSD Market Cap Skyrockets by $1 Billion in 2024, Clinching Top 4 Stablecoin Spot
21.1.2024
According to statistics, the stablecoin crypto asset FDUSD has seen its market capitalization grow by $1 billion since the start of the year. Presently, the supply stands at 2.614 billion FDUSD after witnessing a 45.7% supply increase in 30 days. FDUSD’s Market Cap Swells from $1.6 Billion...
Tether Criticizes UN Report for Ignoring USDT’s Role in Helping Developing Economies
17.1.2024
Tether, the issuer of the stablecoin USDT, has blasted the findings of a United Nations Office on Drugs and Crime study which ignore the stablecoin’s “role in helping developing economies in emerging markets.” According to Tether, the stablecoin’s use of public...
GameStop Bails On Its NFT Marketplace
15.1.2024
Cast your mind back to July 2022. It was around the time the marketplace for NFTs was collapsing, and crypto scams were falling apart everywhere you looked. That was when GameStop declared its intention to get into all that cool web 3.0 stuff. Well, you’re never going to believe it, but it hasn’t...
6 AI Chatbots Forecast Bitcoin’s 2024 Finale — Predicting $60K to $90K Amid ETF Inflows and Halving Hype
12.1.2024
In November 2023, six unique AI-driven chatbots were queried to forecast the value of bitcoin by year-end, with their projections spanning from $15,000 to $45,000 per bitcoin. As of the initial week of January 2024, bitcoin’s trading value reached $47,000, coinciding with the approval of...
Twitter Quietly Scraps NFTs While Embracing AI
10.1.2024
On January 9, X (formerly known as Twitter) announced its plans to begin the process of reinventing itself as the “everything app.” This will involve new uses for artificial intelligence, peer-to-peer payment systems, and a big emphasis on slamming ads into the pinned-open eyes of its users....
Bitcoin Soars Past $47K, Outstrips Meta in Market Cap Amid ETF Speculation and Intense Trading
8.1.2024
Bitcoin breached the $47K threshold on Monday, fueled by growing excitement over the potential launch of a U.S. spot bitcoin exchange-traded fund (ETF). The leading crypto asset kicked off the day at $43,247 per unit, then climbed to a peak of $47,281 by 2:10 p.m. Eastern Time (ET). Bitcoin Rally...
Ark Invest Continues to Sell Coinbase Shares
6.1.2024
In a strategic move, Ark Invest has offloaded another portion of its Coinbase holdings, selling over $29 million worth of COIN shares from its ETFs. This decision aligns with Ark’s target weighting policy and follows Coinbase’s strong performance in the last quarter of 2023. Ark Invest...
Logan Paul Finally Offers Refunds For Failed NFT Game
5.1.2024
In case you forgot, controversial YouTuber Logan Paul promised to pay back millions of dollars to folks who fell victim to his NFT “game,” CryptoZoo. The game—a sort of Pokémon-like where you collect, sell, and trade exotic animals on the blockchain—never really existed, though, which left...