2024

The cryptocurrency market has been relatively stagnant, but today shows a glimmer of hope with Ethereum (ETH) trading at $2,977.88, marking a 2.6% increase over the past 24 hours. Despite this short-term increase, senior market analyst Alex Kuptsikevich highlights Ethereum’s challenges. The ongoing consolidation near the lower end of its price range and a “death
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The Ethereum Foundation, a non-profit organization supporting the Ethereum ecosystem, has recently raised eyebrows in the crypto community by making significant transfers of ETH. On May 8, the Foundation transferred 1,000 ETH (equivalent to $3 million) to a middle multi-signature wallet (0xbc9). This transaction has caught the attention of the crypto community and sparked speculations
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Monero (XMR) has recently seen a surge in discussions on social media platforms following the announcement of LocalMonero’s closure. This increase in attention comes at a time when governments around the world are making efforts to regulate privacy-focused cryptocurrencies like Monero. The closure of LocalMonero, a peer-to-peer exchange based on Monero, has sparked conversations about
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The rise of meme coins in the cryptocurrency market has sparked debates among industry experts, with Chris Dixon from Andreessen Horowitz expressing apprehensions about the regulatory framework in the US. Dixon questions why meme coins, primarily used for humorous purposes and stemming from online communities’ in-jokes, are allowed to flourish while legitimate cryptocurrency companies and
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Block, owned by X co-founder Jack Dorsey, recently announced that they will be investing 10% of profits made from bitcoin-related products into monthly BTC purchases. In his Q1 2024 earnings report, Dorsey emphasized the importance of bitcoin as the best candidate for a decentralized open protocol for money. This move comes as Block addresses concerns
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