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Bitcoin Price Nears $24,000 Mark
Leading the 2023 rally of the cryptocurrency market is Bitcoin, the touted king of crypto. As of writing, BTC is changing hands at $23,742 which enabled the alpha coins regain its August 2022 support level which is at $22,722. This made crypto Twitter abuzz with enjoyment as analysts went full bullish on BTC with some…
Read MoreData Shows 50% Of Bitcoin Hashrate Controlled By Two Mining Pools
Bitcoin hashrate is becoming highly centralized, with a few mining pools controlling most of the blockchain mining power. The latest data from Mempool indicates that 50% of the total hashrate is held by Foundry USA and Antpool. A Highly Centralized Mining Network Foundry USA has maintained a hashrate of over 30% of the total Bitcoin…
Read MoreNFT Collector Who Fell To A Phishing Scam Takes OpenSea To Court
NFT collector Robbie Acres has taken legal action against OpenSea NFT Marketplace for keeping his account locked following a scam. The collector is displeased with the NFT marketplace for not responding to his complaint after he lost his collections to a phishing scam. However, the collector’s leading counsel claimed Acres’ case isn’t the only one.…
Read MoreNew York Assembly Receives Crypto Payment Bill For State Agencies
The New York State Assembly has received a bill that will legalize state agencies to accept cryptocurrency as a means of payment for fines, taxes, fees, civil penalties, and other state-related dues. The bill was introduced on Thursday during a legislative session by Clyde Vanel, a prominent cryptocurrency advocate and a member of the Democratic…
Read MoreWhale Alert Discovers Large XRP Moves – What Does It Mean?
The Ripple Vs. SEC legal battle has been creating tension for XRP as the court sittings could end this year. The CEO of Ripple has been optimistic that the lawsuit could end earlier in 2023. However, the Ripple native token XRP has been trying to weather the storms of the case and the bearish crypto…
Read MorePolygon (MATIC) Token At $1.15 As Strong On-Chain Developments Continue
Polygon (MATIC) has continued its strong ascent after over a week-long of volatility. The token is now trading at $1.14 being up 45.3% in the monthly timeframe. Analysts have been considerably bullish after the token breached $1. With solid on-chain development fueling the current bullish sentiment for MATIC, we might see more positive price movement…
Read MoreInstitutional Bitcoin Buying Is A Positive Sign, Suggests Matrixport
Recent data from Matrixport, a digital asset financial services platform, confirm that institutional investors have not abandoned crypto, especially Bitcoin. According to data, institutional investors now account for 85% of Bitcoin purchasing. Matrixport’s head of research and strategy, Markus Thielen, said it shows that institutional investors are still very much interested in crypto and is…
Read MoreVehicle Titles On Chain? California To Tap Tezos For New Pilot Project
State Department of Motor Vehicles divisions aren’t exactly known for efficiency. However, a new pilot project from California’s state DMV could look to change that. The state is now kicking off a pilot program, which will operate on Tezos, to manage state records surrounding automotive ownership. Let’s dive into what this program means, what it…
Read MoreIrish Central Bank Crypto Ponzi Urges Ban Advertisements
In the past, the Irish Central Bank has been critical of crypto and digital assets. Ireland’s Central Bank governor, Gabriel Makhlouf, has now urged lawmakers to ban crypto advertisements. According to the Ireland Central Bank, cryptocurrency advertisements are directed towards young adults, which could prove harmful as crypto can be equivalent to “Ponzi schemes.” Makhlouf…
Read MoreThese Altcoins Could Be Ones To Watch, Santiment Suggests
Data from Santiment shows these altcoins have seen elevated whale activity recently, which may make them ones to watch for in the coming days. Polygon (MATIC), Aave (AAVE), And Dydx (DYDX) See Increased Whale Transactions According to data from the on-chain analytics firm Santiment, Polygon, Aave, and Dydx have all rallied along with high whale…
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