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Showing posts with the label cryptocurrency

Thai cryptocurrency investors use tarot cards and heavenly signs to forecast market

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When delving into the realm of content creation, three key elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity serves as the gauge for text complexity, while burstiness explores the diversity of sentence structures. Predictability, on the other hand, delves into the likelihood of accurately guessing the following sentence. Humans, in their writing, often infuse a blend of sentence lengths, featuring both elaborate and succinct expressions. In contrast, AI-generated sentences tend to exhibit uniformity. Hence, when tasked with crafting the forthcoming content, it is imperative to infuse it with a substantial dose of perplexity and burstiness while minimizing predictability. Additionally, the medium of communication must remain exclusively in English. Now, let’s transform the provided text: In a curious twist of fortune-telling, a Thai seer once claimed to have foreseen the cryptocurrency market’s resurgenc...

Shibarium Burns 97M Shiba Inu: No Change in SHIB Supply

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Shiba Inu’s token burn process has taken an interesting turn, with Shibburn, the community-driven burn tracker. It confirms that burns occurring outside of Layer-1 will not have an impact on SHIB’s overall supply. This revelation came following the inaugural token burn on Shibarium, Shiba Inu’s Layer-2 network. This was conducted by Shib CoOp, a community-driven Metaverse real estate project. The firm went on to cause the destruction of 97 million SHIB tokens. Another first on #Shibarium. @ShibCoOp 1st to Burn $SHIB on Shibarium. 97 Million 🔥🔥🔥 Wondering when @Shibburn will be able to track these burn transactions? pic.twitter.com/5za15ZtFkY — Shib CoOp – Land Community & Builders (@ShibCoOp) October 18, 2023 This event marked a significant milestone for Shibarium, prompting inquiries about how such burns would be tracked. The Shib CoOp team sought information on when Shibburn would begin monitoring burns of this nature. ...

Shiba Inu: What’s the Value of $100 Monthly Investments Since Sept. 2020?

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Shiba Inu made its debut as ‘Dogecoin Killer.’ Right since its initial days, it managed to captivate investors with its meme-inspired branding, accessible price and the potential for explosive growth. Those who ventured into the market and consistently invested in the meme coin fetched significant returns. In this article, we will explore the state of investors who invested $100 in SHIB every month since Sept. 28, 2020. The astounding return today sits at an astonishing $30.8 million. This remarkable return on investment has thrust SHIB into the spotlight, garnering the interest of both newcomers and experienced investors. Also Read: Shiba Inu To Reach 1 Cent?: These 2 Factors Could Send SHIB to $0.01 The Strength of Consistency Shiba Inu’s trajectory in the crypto currency landscape has been truly remarkable. Initially introduced as a lighthearted and meme-inspired digital currency, SHIB swiftly gained momentum. The project’s founder, who goes by the...

Legal Tussles, Parties, and Price Patterns: Ripple’s Complex Landscape

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On Friday, Ripple’s cryptocurrency XRP registered a 2.27% uptick, marking its consecutive positive sessions following a 2.14% rise on Thursday, wrapping up at $0.5216. Significantly, Deaton spotlighted the ripple effects since the SEC’s declaration of intent to contest Judge Torres’ judgment. Deaton anticipated Judge Torres to nod to the SEC’s request for an interlocutory appeal. In his viewpoint, this interlocutory motion provides an avenue for Judge Torres to address critiques from Judge Rakoff, the overseeing judge in the SEC vs. Terraform Labs lawsuit. Deaton, elucidating on the appeal’s timeline, emphasized one to two years. Consequently, the interlocutory appeal would place the SEC vs. Ripple litigation on hold until the SEC’s appeal concludes. Deaton asserted, “If the SEC emerges victorious at the second circuit, which I’m skeptical they will, the case then circles back to Judge Torres.” He elaborated that Judge Torres would reapp...

Chainlink’s Bullish Trajectory: A Close Analysis of LINK’s Price Momentum

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Chainlink (LINK) has recently showcased encouraging signs, especially with its price staying robust above the $7.25 benchmark against the US dollar. Moreover, trading above the critical $7.30 threshold and the notable 100 simple moving average (4 hours) underscores this bullish momentum. A significant bullish trend line has been spotted, offering support near the $7.25 zone on the LINK/USD pair’s 4-hour chart, as data from Kraken illustrates. LINK Outpaces Bitcoin and Ethereum Our previous LINK price evaluation highlighted the potential for further elevation beyond the $7.00 mark against the US dollar. Consequently, the currency didn’t just hold its ground but also surged past the $7.25 boundary. Significantly, Chainlink continued. It surpassed the $7.50 mark, reaching a commendable $7.56 high, outclassing giants like Bitcoin and Ethereum in its ascent. However, a slight downward correction took the price below $7.40, nudging it to test the 23.6% Fib retracement level. ...

How to Trace Bitcoin Address Owner?

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How to Trace Bitcoin Address Owners: A Comprehensive Guide for Financial Institutions In the world of cryptocurrencies, Bitcoin is renowned for its anonymity. It allows users to send and receive payments without revealing their real-world identities. However, it is possible to trace the owners of Bitcoin addresses through various methods and techniques. Financial institutions, law enforcement agencies, and other entities involved in combating illicit activities often need to identify the individuals behind Bitcoin addresses to prevent money laundering, fraud, and other criminal activities. In this comprehensive guide, we will explore thie strategies and tools that can be used to trace Bitcoin address owners Also read: Bitcoin Could Hit $28,000 But Faces 13% Correction Risk Source: Bitcoinist Understanding Bitcoin Addresses Before diving into the methods of tracing Bitcoin address owners, it is essential to understand the basics of Bitcoin addresses. A Bitcoin address is...

ARK's Bitcoin Spot ETF Delayed Again Until January 2024

This year, there has been significant buzz surrounding Bitcoin spot exchange-traded funds [ETFs], with many prominent industry participants joining in. The U.S. Securities and Exchange Commission [SEC] is known for its consistent pattern of postponing crypto ETF proposals, and it appears that the trend will continue in 2023. In a notice dated Sept. 26, the SEC announced its intention to extend the timeframe for considering the approval or disapproval. This modification is related to enabling the ARK 21Shares Bitcoin spot ETF to be listed on the Cboe BZX Exchange. The SEC’s filing further read, “The Commission designates January 10, 2024, as the date by which the Commission shall either approve or disapprove the proposed rule change.” The previous extension, granted on Aug. 11, had provided the regulatory authority with a timeframe until Nov. 11 to render a decision concerning approval, disapproval, or an additional delay. It’s worth mentioning that no...

Shiba Inu: Why Is Shibarium Ideal for Small Businesses?

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Shibarium, the layer-2 blockchain system associated with Shiba Inu, emerged prominently onto the scene last month with a clear mission. It seeks to redefine Shiba Inu’s reputation, moving beyond its meme coin status. In pursuit of this transformation, Shibarium presents a diverse array of functionalities. Its core objective revolves around providing remarkably low transaction fees, making it an appealing option for businesses of varying sizes, from small enterprises to larger corporations. Also Read: Shiba Inu: If Shibarium Burns 100T Tokens, Will It Reach $0.01 Soon? Source: thecoinrepublic.com Here’s why Shibarium will be a favorite among small businesses Cost Savings : Shibarium’s remarkably low fees offer a significant cost-saving opportunity for businesses. This financial relief is particularly beneficial for small enterprises that often operate with tight budgets. Scalability : Shibarium has been meticulously engineered to be highly scalable. This means it...

Australian legislators propose changes to crypto bill following review

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Australia’s Senate Committee on Economics Legislation has concluded its review of the “Digital Assets (Market Regulation) Bill 2023,” initially introduced by Senator Andrew Bragg. The committee’s report, released on Sep. 4, calls for certain amendments to the draft bill, marking a cautious yet essential step toward the comprehensive regulation of digital assets in Australia. One notable amendment pertains to the definition of regulated digital assets. The committee recommended the removal of non-fungible tokens (NFTs) from this category. This is a crucial clarification as NFTs, which have unique attributes, differ fundamentally from crypto currencies like Bitcoin(BTC) and Ethereum(ETH). The @AuSenate report on my digital asset market regulation bill has just been tabled. Statement & report https://t.co/YVq4md3bDX pic.twitter.com/LGGaNK8fzH — Senator Andrew Bragg (@ajamesbragg) September 4, 2023 The committee also advised on the classification of stablecoins, sug...

Coinbase to File a Motion To Dismiss SEC Lawsuit on 4th August

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The Securities and Exchange Commission’s extensive crackdown on crypto currencies has been a highlight, and Coinbase has not been spared from its impact. On June 6, the SEC filed a lawsuit against Coinbase, accusing the company of selling unregistered sec urities and operating as an unregistered sec urities exchange. However now, Coinbase is taking action to challenge and dismiss this lawsuit. During a recent earnings call for the second quarter of 2023, Coinbase’s Chief Legal Officer, Paul Grewal, mentioned that the exchange plans to submit a motion seeking the court’s dismissal of the lawsuit. The company has consistently criticized and refuted the accusations made by the SEC in the past. He added, “Tomorrow [Aug. 4] We will be moving the court for an order dismissing the case in its entirety.” According to reports, the exchange intends to challenge its ‘ sec urities listing’ allegations. As part of its defense, Coinbase will argue ...

Spot Bitcoin ETF Approval Odds at 65%: Bloomberg

Bitcoin exchange-traded funds [ETFs] are still a hot topic of discussion. As the community speculates on the potential approval of these ETFs, a number of analysts are becoming increasingly positive about the likelihood of approval. Bloomberg analysts James Seyffart and Eric Balchunas, in particular, have heightened their more optimistic view regarding the possibility of Bitcoin ETF applications receiving the green light. Seyffart recently shared on Twitter that both he and Balchunas raised their projected chances of spot Bitcoin ETF approval to 65%. It’s worth mentioning that just a few weeks ago, they had set the odds at 50%, indicating a significant increase in confidence. This revision also marks a substantial improvement from their previous prediction of a mere 1% probability, a couple of months back. The analysts pointed out that various factors are influencing the situation. Gary Gensler, the chairman of the Securities and Exchange Commission [SEC], holds a crucial pos...

Can you Buy Ethereum on Cash App (2023)

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A Comprehensive Guide to Buying Ethereum on the Cash App in 2023 As we move towards a more digital economy, cryptocurrencies like Ethereum are becoming increasingly popular. If you’re a crypto enthusiast, you may wonder, “Can you Buy Ethereum on Cash App?” With its potential for smart contracts and decentralized applications, Ethereum is quickly becoming a favorite among investors and developers alike. But with so many options out there, it can be tough to know where to start. In this guide, we’ll take a look at how you can buy Ethereum on the Cash App in 2023 and whether it’s the right choice for you. Source: CNBC Understanding Ethereum and its Potential in 2023 Before we dive into the specifics of buying Ethereum on the Cash App, let’s take a look at what makes Ethereum so special and why it’s worth investing in. Ethereum is a blockchain platform that allows developers to build and deploy decentralized applications, or dapps, on the blockchain. These dapps can be anyth...