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‘Controversial’ Bitcoin Proposal to Curb Inscriptions Ignites Fierce Debate, Ends Without Resolution
7.1.2024
On Friday, Jan. 5, 2024, the debate surrounding Bitcoin developer Luke Dashjr’s proposal to restrict all varieties of data-bearing transactions concluded as the topic veered into “controversial” territory. Bitcoin Core custodian and Blockstream staff member Andrew Chow...
Bitcoin’s Hashrate Hits Record 549 EH/s in Early 2024 Amid Rising Difficulty and Lower Hash Price
7.1.2024
As the first week of 2024 concluded, Bitcoin’s hashrate shattered another lifetime high on Jan. 6, achieving an unprecedented 549 exahash per second (EH/s). Though the hashrate dipped post-Dec. 25, 2023, falling from 546 EH/s to a low of 510 EH/s, it rebounded amidst a declining hash price...
DeSantis Vows to Abolish IRS, Advocates Flat Tax in Presidential Bid Amidst Stiff GOP Competition
7.1.2024
On Jan. 4, 2024, Florida Governor and presidential candidate Ron DeSantis articulated his desire to abolish the U.S. Internal Revenue Service (IRS). He advocated for the adoption of a uniform rate flat tax for all U.S. residents. DeSantis declared to CNN’s Kaitlan Collins on Thursday...
Bitcoin’s First Wallet Comes Alive: A Sudden $1.17 Million Transaction Unfolds
7.1.2024
Image Source: Adobe An unidentified Bitcoin (BTC) user has sent 26.9 BTC, equivalent to $1.17 million, to the genesis wallet, the first-ever wallet created on the Bitcoin network by Satoshi Nakamoto. The transaction took place on January 5 at 1:52 am Eastern Time and attracted attention due to...
Mysterious Million-Dollar Bitcoin Transfer Sparks Wave of ‘Dust’ to Satoshi’s Genesis Wallet
7.1.2024
After the enigmatic transaction on Jan. 5, 2024, in which an unidentified bitcoin wallet transferred 26.917 bitcoin worth $1.19 million to Satoshi Nakamoto’s Genesis wallet, there has been a surge of about 34 dust transfers to the same address in the past 24 hours. A Slew of Micro...
Bonk Price Prediction as BONK Falls 68% From Recent Peak – Dip Buying Opportunity?
7.1.2024
In the ever-evolving cryptocurrency market, Bonk (BONK) has recently caught the eye of investors and traders alike. Despite its significant prominence, Bonk has experienced a dramatic 68% drop from its recent peak, currently trading at $0.000011. This decline has sparked interest among those...
New US Crypto Tax Law, SEC Still Processing BTC ETFs, Saylor Buys More BTC, and More — Week in Review
7.1.2024
The U.S. introduces stringent tax reporting laws for transactions over $10,000, while the SEC grapples with a backlog of paperwork for pending spot Bitcoin ETFs. Meanwhile, Michael Saylor sells Microstrategy shares to increase his bitcoin holdings, and CNBC’s Jim Cramer hails Bitcoin as...
Consortium of Nigerian Banks and Fintechs Cleared to Pilot Stablecoin
7.1.2024
The Nigerian central bank has given its go-ahead for the Africa Stablecoin Consortium (ASC) to pilot its cNGN stablecoin initiative in the financial regulator’s regulatory sandbox. The ASC asserts that the cNGN stablecoin can prove to be vital not only for the country’s payment rails but...
Bitcoin Price Prediction as Multiple ETF Approval Deadlines Approach – Instant Spike to $50,000 Incoming?
7.1.2024
As the cryptocurrency market buzzes with anticipation, Bitcoin is poised at a crucial juncture, trading at $44,013 with a modest increase of 0.63% on Sunday. In the backdrop of this upward trend, the potential approval of multiple Bitcoin Exchange-Traded Funds (ETFs) is generating excitement....
Will Shiba Inu (SHIB) beat the market cap of Dogecoin (DOGE)? Analysts reckon Retik Finance (RETIK) will do that instead
7.1.2024
In the dynamic world of cryptocurrencies, the race to the top is ever-changing. Shiba Inu (SHIB) and Dogecoin (DOGE), two of the most popular meme coins, have been in a neck-and-neck battle in terms of market capitalization. However, analysts are now shifting their focus to a new contender – Retik...
Report: Taiwan Police Arrest Crypto Exchange Bosses Accused of Fraud
7.1.2024
The police in Taiwan recently arrested two individuals who are accused of deceiving 100 investors into buying fake virtual currencies. The police also apprehended 14 other participants in the fraud scheme and recovered more than $7 million in both cash and virtual currencies. Worthless Virtual...
Investors Rush As Pandoshi (PAMBO) Presale Stage 3 Is Quickly Selling Out
7.1.2024
Pandoshi, an emerging player in the crypto market, is quickly gaining recognition for its novel approach and successful early funding rounds. Earning rapid acclaim in the crypto sphere, Pandoshi has raised over $1,700,000, reflecting market confidence in its future. The project differentiates...
Shiba Inu and Dogecoin Face Tough Conditions as NuggetRush Reaches $1.5 Million Raised
7.1.2024
TLDR NuggetRush emerges as a promising player, raising over $1.5 million in its presale and offering a captivating play-to-earn game. Shiba Inu faces a decline in network activity with Shibarium, marked by a significant drop in daily transactions. Dogecoin encounters potential trouble as miners...
Bitcoin Explodes to $45k; Eos and Borroe Finance Witness Growing Investor Enthusiasm
7.1.2024
Bitcoin (BTC) jumps to $45,000 as investors anticipate the approval of Bitcoin ETF in the United States. Meanwhile, one of the new Defi projects, Borroe Finance ($ROE) is changing the world of Web3 business funding and EOS garners attention. >>BUY $ROE TOKENS NOW<< Bitcoin’s...
Traders Liquidate $225M in Crypto To Start The Year While Meme Coin Sees Investor Boost
7.1.2024
TLDR The crypto market kicked off the new year with massive liquidations of $225 million. NuggetRush emerges as a memecoin that has attracted investor boosts. The engaging gameplay experience NuggetRush offers makes it an attractive choice worth diversifying your portfolios with. In a dramatic...
BlackRock’s Bitcoin ETF Awaits Green Light: Approval Anticipated This Wednesday
7.1.2024
Source: Pixabay / tombark The long-awaited approval for a spot Bitcoin exchange-traded fund (ETF) may finally come this Wednesday. BlackRock, the world’s largest asset manager and one of the contenders seeking to launch a spot bitcoin ETF, is reportedly expecting its application to...
From Dogecoin to Rebel Satoshi: Why Seasoned Investors Are Shifting Focus to This Emerging Crypto Marvel
7.1.2024
TLDR Dogecoin stagnates at around $0.093, and experts expect it to start bleeding soon. Rebel Satoshi has gained 100% thus far, with more gains coming before February. As 2023 nears its end, top crypto coins like Dogecoin (DOGE) have recorded notable gains. However, novice investors who missed...
Prohibition of Cash Withdrawals From VASPs Operated Accounts May Contradict Central Bank’s Cashless Policy — Nigerian Lawyer
7.1.2024
Nigerian fintech lawyer Senator Ihenyen said the new central bank guidelines which bar the withdrawal of cash from accounts operated by virtual asset service providers (VASPs) seem “reasonable and understandable.” The lawyer however believes an “outright” prohibition of cash...
Former Citi Executives Launch New Bitcoin Product That Bypasses SEC Approval
7.1.2024
A group of former Citigroup executives has introduced a new product called bitcoin depository receipts. They explained that this crypto product does not need to be registered with the U.S. Securities and Exchange Commission (SEC). The new offering aims to be a “complementary” product...
Concerns Mount Over Potential SEC Rejection of Spot Bitcoin ETFs, Analyst Weighs In
7.1.2024
The possibility of the U.S. Securities and Exchange Commission (SEC) rejecting spot bitcoin exchange-traded funds (ETFs) became a concern after financial watchdog group Better Markets called on the securities regulator to reject spot bitcoin ETFs, warning that approvals will lead...