Based on the most recent data, the meme cryptocurrency shiba inu has witnessed 410 trillion tokens burned, translating to approximately 41% of its entire circulation. Concurrently, the digital asset has experienced a recent price revival over the last four weeks. Despite shiba inu’s value dipping over 21% in the last week, the meme coin has […] Source: https://news.bitcoin.com/despite-recent-dip-meme-coin-shiba-inu-marks-177-monthly-growth/
Illustration by Mitchell Preffer for Decrypt. Another rollercoaster week for Bitcoin—and the wider crypto market. First, the biggest digital coin’s price by market cap seemed unstoppable when it comfortably traded above $70,000 at the start of the week. Then, on Wednesday, the price of Bitcoin hit another all-time high of $73,737, CoinGecko shows. But things slowed down when hotter-than-expected inflation…
Over the past month, the valuation of bitcoin has seen a notable increase, leading to significantly enhanced profits for today’s most sophisticated application-specific integrated circuit (ASIC) bitcoin mining devices. As of March 16, 2024, the top ten ASIC miners focused on the SHA256 consensus algorithm are generating daily earnings ranging from $10 to $21, assuming […] Source: https://news.bitcoin.com/top-10-bitcoin-mining-rigs-of-2024-leading-the-charge-in-crypto-earnings/
In tandem with the broader downturn of the cryptocurrency market this week, the non-fungible token (NFT) sector also experienced a downturn in sales over the preceding seven days. From March 9 to March 16, 2024, the NFT market witnessed sales amounting to $358,080,260, a decline of 16.55% from the previous week. NFT Sales Decline Across […] Source: https://news.bitcoin.com/nft-market-faces-16-55-drop-in-sales-amidst-cryptocurrency-downturn/
In recent times, the cryptocurrency landscape has experienced a widespread decline, yet the digital asset bitcoinsv, known for its associations with Craig Wright, has seen the most significant weekly downturn within the crypto sphere, dropping 18.9% versus the U.S. dollar in seven days. This decline in bitcoinsv’s value closely follows the verdict by U.K. Judge […] Source: https://news.bitcoin.com/market-shakeup-bsv-faces-steep-decline-after-uk-judges-decision-in-copa-case/
According to Brendan Cooper, a core contributor at Andromeda, the widespread distribution and adoption of the Web3 operating system (OS) will likely result in the emergence of new business models, much like what happened with the Web2 OS. The Web3 OS is also likely to simplify “how developers and users interact with the resources provided […] Source: https://news.bitcoin.com/web3-os-lowers-operating-costs-without-sacrificing-blockchain-security-brendan-cooper/
The Hong Kong securities regulator has labelled the crypto platform Bybit an unlicensed virtual asset trading platform (VATP). The regulator has also added Bybit’s products to its alert list of suspicious investment products. The Hong Kong regulator also advised the public to stop patronizing unlicensed entities. Regulator Threatens Enforcement Action The Hong Kong Securities and […] Source: https://news.bitcoin.com/hong-kong-securities-regulator-issues-warning-against-unlicensed-crypto-platform-bybit/
The Avalanche Foundation has disclosed the first set of community coins, also called meme coins, in which the institution has invested under its $100 million Culture Catalyst fund launched in 2022. Coq inu, gecko, kimbo, nochill, and tech are the first five currencies that are part of the foundation’s holdings, and more might be chosen […] Source: https://news.bitcoin.com/avalanche-foundation-discloses-first-batch-of-meme-coin-holdings/
Two U.S. senators have urged U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler to refrain from approving additional crypto exchange-traded fund (ETF) applications. The lawmakers cautioned: “However vulnerable bitcoin may be to fraud and manipulation, markets for other cryptocurrencies are far more exposed to misconduct.” Lawmakers Say SEC Should Not Approve Spot Crypto ETFs […] Source: https://news.bitcoin.com/us-senators-push-sec-to-stop-approving-spot-crypto-etfs-say-other-crypto-markets-risker-than-bitcoin/
Galaxy Digital CEO Michael Novogratz says he doesn’t believe the price of bitcoin will fall back down to the $50K-$55K level. “I think that’s the new floor unless something dramatic happens,” he described. “This has been a wild ride of an asset,” he added, noting that we’re in price discovery mode and if you look […] Source: https://news.bitcoin.com/galaxy-digital-ceo-bitcoin-unlikely-to-fall-below-55000-thats-the-new-floor/
