Crypto News and Updates Archives - Page 45 of 60

Dogecoin Price Surge: Remarkable Boost in Crypto Market Operations

Crypto News and Updates / Logan / November 24, 2023

Dogecoin has recently made headlines with a remarkable price surge in the crypto market, witnessing an approximately 15% increase. This enhanced activity, especially from significant players and whales, hints at the possibility of further gains. There’s been a noticeable rise in DOGE transactions, surpassing $100,000 and setting new records, with the Dogecoin price surge. A significant amount of previously dormant Dogecoin has also been seen to move, indicating potential price direction changes.

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Avalanche Blockchain Buzzes with Activity in Anticipation of AVAX Token Unlock Event

Avalanche Blockchain Buzzes with Activity in Anticipation of AVAX Token Unlock Event

Avalanche, a foundational blockchainThink of blockchain as a digital ledger that records transactions in a transparent, tamper-proof way. It's a chain of transaction blocks linked chronologically. platform, has recently marked a substantial achievement, amassing balances across more than six million addresses, suggesting a surge in network activity. The Avalanche blockchainThink of blockchain as a digital ledger that records transactions in a transparent, tamper-proof way. It's a chain of transaction blocks linked chronologically. saw a record high of 6.35 million transactions on November 22nd. Remarkably, transaction sizes between $0.00 and $1.00 saw an impressive 3156.83% surge. The volume of transactions also escalated to a remarkable 21 million AVAX this week, reaching a mark last seen in May 2022, equiva

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: NFT Marketplace Airdrop: Blur Distributes $146 Million Tokens as Rewards

Blur NFT Marketplace Airdrop Distributes $146 Million Tokens as Rewards

Crypto Airdrop News, Crypto News and Updates / Logan / November 24, 2023

Blur, an NFT marketplace, recently executed a significant airdrop, distributing 300 million tokens, roughly valued at $146 million, to its user base. This NFT marketplace airdrop forms a part of Blur’s plan to entice traders and has stirred conversation in the airdrop domain. A noteworthy instance is an anonymous NFT trader, known as ‘hanwe.eth’, who claimed nearly $11 million from this airdrop. However, the substantial rewards haven’t appeased all traders, with some voicing their discontent. Ea

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Binance’s DOJ Settlement Fuels Bitcoin Price Increase

Crypto News and Updates / Logan / November 23, 2023

Binance’s settlement with the US Department of Justice has triggered a significant increase in Bitcoin’s price. This development has reignited traders’ hopes for the approval of a spot Bitcoin Exchange Traded Fund (ETF), which is expected to bring substantial capital into Bitcoin, thereby driving up prices across the crypto market. Despite Binance co-founder Changpeng ‘CZ’ Zhao’s guilty plea and a hefty $4.3 billion settlement, the market noticed Binance wasn’t suffering from a massive funds exo

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Binance BNB Forecasts: Unanticipated Downturn Despite Detractors’ Assertions

Crypto News and Updates / Logan / November 23, 2023

The ‘Whale Wire’ critic anticipates a 95% plunge in Binance’s BNB to below $5 due to potential legal issues and increased regulatory oversight, potentially leading to Binance’s insolvency and affecting its overall business scheme. Despite these Binance BNB predictions, Binance continues to lead the global cryptocurrency exchange market, with BNB maintaining its position among the top five cryptocurrencies. New CEO Richard Teng confirms that client funds are secure and compliance reforms are unde

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Bitcoin Supply Profit Soars as Majority of BTC Becomes Profitable Again

Crypto News and Updates / Logan / November 23, 2023

The Bitcoin supply profit has experienced a notable surge, reaching heights not seen in the past two years, according to Glassnode. The Bitcoin supply in profit reached a zenith during the recent market surge, with approximately 83.6% of the circulating Bitcoin supply, equivalent to 16.36 million BTC, now held with profits. Despite the market’s slight dip from its November 2021 peak, the unrealized profit in these coins remains relatively moderate. This recent increase in Bitcoin supply profit h

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Matic Price Prediction: Is Polygon Heading for a Negative Trend?

Crypto News and Updates / Logan / November 22, 2023

MATIC’s price has witnessed a major decline of approximately 10% in the wake of the SEC’s legal action against Kraken, which implicated MATIC as collateral. This downward turn began after MATIC couldn’t surpass the $0.98 resistance against the American dollar, subsequently trading beneath $0.80 and the 100 simple moving average (4 hours). A significant bearish trend line is developing with resistance around $0.788 on the 4-hour graph of the MATIC/USD pair. Should MATIC fail to climb over the $0.

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The Aftermath of Binance Billion Outflow: CZ’s Legal Issues Examined

Crypto News and Updates / Logan / November 22, 2023

After Changpeng ‘CZ’ Zhao, former CEO of Binance, pleaded guilty to money laundering charges and agreed to a $4.3 billion settlement with the U.S. Justice Department, the world’s largest crypto exchange experienced a significant ‘Binance billion outflow’. Within 24 hours, more than $1 billion was withdrawn, contributing to a net outflow of $703 million over the past week. Despite this, Binance recorded net inflows of $1.68 billion in the past month, retaining its leading position among all centr

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Open AI Sam Altman Steps Back in as CEO, Refreshes Board Composition

Crypto News and Updates / Logan / November 22, 2023

Open AI has confirmed an initial agreement for Sam Altman, Open AI Sam Altman, to reprise his role as CEO, introducing a reshuffled board featuring Bret Taylor as chairman, Larry Summers, and Adam D’Angelo. Altman’s return comes on the heels of Microsoft CEO, Satya Nadella, securing his skills to head a new AI research group. Both Open AI and Altman are reportedly in ongoing discussions to settle the specifics of his comeback.

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Grayscale Bitcoin Trust: Journey Towards Transformation Into a Spot Bitcoin ETF

Crypto News and Updates / Logan / November 22, 2023

In a recent meeting with the SEC, Grayscale executives discussed a potential rule change to transform the Grayscale Bitcoin Trust into a spot Bitcoin ETF. Grayscale’s partnership with BNY Mellon, aimed at assisting with share issuance and account management, was also disclosed. However, this does not guarantee immediate transformation of GBTC. The proposal, now termed ‘uplisting’, could see Grayscale controlling $20 billion in assets, thus dominating the ETF landscape. Despite competition from g

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Crypto Enthusiasts Respond to SEC Chairman’s Debatable Remarks

Crypto News and Updates / Logan / November 19, 2023

The crypto world has been set ablaze following a recent speech by SEC Chairman, Gary Gensler, at the 2023 Securities Enforcement Forum. His assertion that the SEC should act as ‘allies of honest businesses and persecutors of deceit’ has sparked a wave of reactions from numerous crypto community members. Ripple’s top legal executive, Stuart Alderoty, accused Gensler of bias against cryptocurrencies and claimed that the SEC has wrongly initiated lawsuits against specific crypto organizations witho

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Institutional Crypto Trading Transformed: Key Collaboration between OKX, Komainu, and CoinShares

Crypto News and Updates / Logan / November 15, 2023

To accelerate the institutional adoption of cryptocurrencies, crypto exchange OKX has strategically allied with Komainu, a custody service, and CoinShares, an investment manager. This partnership enables round-the-clock trading of separate assets, underpinned by robust security protocols and minimized counterparty risks.

As announced on November 15, CoinShares can now trade on the OKX platform with Komainu safeguarding the collateral assets. This arrangement not only heightens the appea

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