Market dynamics shift as Bitcoin approaches crucial 2024 supply halving. Quick Take The imminent halving event for Bitcoin in April 2024 will slash monthly issuance from 27,000 BTC to approximately 13,500 BTC and bring daily rewards down from 900 to 450 BTC, giving Bitcoin an inflation rate of less than 1%. Detailed analysis of individual cohorts…
Read more
In Brief The Shiba Inu burn rate reached a new high, with 191.69% increase in 24 hours ending on Feb. 9, 2024, burning 7.65 billion SHIB. The SHIB token price is up by 3.30% in the past week and 0.9% in the past 24 hours, trading at $0.000009427 amidst recent burns. New registrations in the…
Read more
In Brief Ethereum’s Dencun upgrade is set to significantly improve blockchain efficiency and scalability, with a launch date of March 13. Transaction fees on Ethereum’s Layer 2 solutions are expected to decrease by at least 10 times, enhancing cost-effectiveness. Analyst Wolf predicts a potential 500% bull run for Ethereum, pushing its price towards $14,000, following…
Read more
In Brief NY Attorney General accuses DCG and affiliates of a $3 billion crypto fraud. The lawsuit centers on the Gemini Earn program’s misleading high return promises. Over 230,000 investors affected, with legal actions complicating DCG’s woes. New York Attorney General Letitia James has accused Digital Currency Group (DCG) and its affiliates of conducting a…
Read more
In Brief The Optimism Network plans a temporary suspension of Ethereum withdrawals on February 15, starting at 9:00 ET for essential maintenance. The pause is part of a broader strategy to enhance the network’s defense against security threats through a significant protocol upgrade. The upgrade introduces a Superchain-wide pause mechanism to reduce risks and offer…
Read more
In Brief Dogecoin’s price rise coincides with an increase in network activity, with bullish momentum indicated by metrics. The number of DOGE addresses has reached 5.6 million, demonstrating growing interest in the Dogecoin ecosystem. Despite positive news on Telegram, Dogecoin’s group membership has decreased, revealing a divergence in sentiment. The Dogecoin (DOGE) network has seen…
Read more
Finder industry survey shows bullish sentiment throughout the crypto industry for Bitcoin over next 12 months. Finder’s latest survey of 40 crypto founders, executives, and educators reveals a bullish outlook for Bitcoin, projecting its value to increase significantly through 2030. The consensus among the panel suggests a positive trajectory for Bitcoin, predicting its value to…
Read more
In Brief Cyber Security Agency of Singapore warns of hackers exploiting WordPress plugin vulnerabilities. SQL Injection technique used to access sensitive data through price ticker and coins list plugins. Protect your crypto assets by staying informed and securing your website against potential threats. Singapore’s cyber security regulators caution that websites employing WordPress crypto widgets, especially price ticker…
Read more
In Brief Celestia (TIA) hits a new all-time high of $20.6, following a breakout from an ascending triangle pattern. The asset has seen an 11.74% increase in value, with predictions suggesting a potential rise to over $23. Market optimism hints at the possibility of TIA reaching the $30 milestone, reflecting its growing appeal. In…
Read more
Monero recovers in a bullish response to news of Binance’s delisting decision. After losing much of its market price following news of an upcoming delisting, Monero (XMR) partially recovered its value on Feb. 7. XMR maintained a market value above $160 for several days before Binance announced plans to delist the asset on Feb. 6.…
Read more
