The Critics Fire MemecoinS Because it’s not enough substance And it’s practical use. Dogecoin Try to break Memecoin stereotype. The Dogecoin Foundation is making progress in expanding real-world use cases for DOGE. Memecoin has a unique place in the crypto world, attracting a passionate community and offering investors the potential for huge returns. However, Memecoin is often criticized by skeptics, who dismiss it as a short-term project with no real value or practical use. Dogecoin, originally a meme coin, is working to change this perception by pursuing the goal of becoming a “currency for the people.” The initiative aims to…
Author: Crypto Flexs
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Bitcoin prices are experiencing notable volatility as the market anticipates the release of U.S. jobs data for August later today, analysts said.Bitcoin Bitcoin -4.70% It is trading at $55,975 and is down 1.5% over the last 24 hours. Ether is also in the red, down 1% over the same period. The pricing page of the block.It’s a crucial week for U.S. labor data. Thursday’s ADP private payrolls data showed growth slowed in August, the weakest monthly reading since 2021. That has stoked fears of an impending recession and raised expectations that the U.S. Federal Reserve will have to take preventive…
Tony Kim Sep 07, 2024 03:49 The Hong Kong Monetary Authority has suspended Lisektang’s registration for nine months for allegedly forging customer signatures. The Hong Kong Monetary Authority (HKMA) has announced that it has suspended the registration of Mr. LI Shek Tang for nine months following an investigation into misconduct. According to the HKMA, the disciplinary action is taken under section 58A(1) of the Banking Ordinance (Chapter 155 of the Laws of Hong Kong) and will be effective from 4 September 2024 to 3 June 2025. Details of the misconduct The investigation found that…
The Dogecoin Foundation has released a map showing how the Dogecoin (DOGE) blockchain and community are growing. In a new thread on social media platform X, the team behind the popular dog-themed meme asset has released a “trail map” showing the milestones they’ve achieved and those they plan to achieve. The first phase, which aims to grow the developer community and increase accessibility, is marked as 100% complete, while the second phase, which aims to lower the barrier to access to DOGE and prepare it for business adoption, is marked as 90% complete. However, the third phase, which is “increasing…
The U.S. cryptocurrency advocacy group will host its second “Stand with Crypto Day” later this month, which will include a performance by The Chainsmokers in Washington, D.C.The September 18 event follows a bus tour called the “America Loves Crypto Tour,” which visits five states, including Michigan, Wisconsin, and Pennsylvania. Politico first reported the news.“The second Stand with Crypto Day will be the final stop on our swing state tour across the country to get cryptocurrency owners registered to vote,” Sabrina Siddiqui, a spokesperson for Stand with Crypto, said in a statement. “We know crypto voters can make a difference in…
Early Friday morning, some previously dormant Cardano (ADA) coins moved, along with a spike in the coin’s daily active addresses, indicating increased trading activity. However, the lackluster price response of ADA over the past 24 hours suggests that the coin’s movement is unlikely to be bullish. ADA tokens on the move According to data from Santiment, ADA’s spending age rose to a seven-day high of 6.33 billion on Friday morning. This metric tracks the movement of long-term holdings, so a spike is notable because long-term holdings rarely move their coins. When they do, a change in market trends often precedes…
Ted Hisokawa Sep 07, 2024 01:28 Ethereum developers attended ACDC Call #141 to discuss updates on the Pectra upgrade and issues related to proof-of-work calculations for home stakers. On September 5, 2024, Ethereum developers gathered via Zoom for the All Core Developers Consensus (ACDC) Call #141. This call is a series of biweekly meetings where developers discuss and coordinate changes to Ethereum’s consensus layer (CL), the Beacon Chain. The call was chaired by Ethereum Foundation (EF) researcher Alex Stokes. Pectra DevNet 2 Debugging work on Pectra Devnet 2 is almost complete. Prysm developer Terence…
At the time of writing, Jupiter was trading in the demand zone, but buying pressure was sluggish. Further losses can be expected as price moves to the next major liquidity zone. Jupiter (JUP) cryptocurrency seems to be having a tough time in the market. The token price has dropped 26% in two weeks, and the trading volume has dropped 18% in the last 24 hours alone. This is a sign of bearish market sentiment. Solana (SOL) liquidity aggregator has not attracted many buyers recently, despite the token trading in an attractive demand zone. Will the bulls stop sellers, or should…
Bitcoin (BTC) price is trading 10% above its eight-month low of $49,577 recorded on August 5, and traders are concerned that a new low below $52,000 could occur before a reversal occurs. BTC/USD daily chart. Source: TradingViewOn September 6, Bitcoin extended its correction, falling more than 5.9% from its high of 56,984 to reach an intraday low of 53,613. Based on this performance, analysts believe that downside risks still remain for Bitcoin, with the $52,000 level currently seen as the key area to watch.“#Bitcoin is pushing further towards $52,000 lows,” popular trader Jelle wrote on X on September 6.The gel…
Magic Eden, a multi-chain NFT marketplace, is taking the NFT world by storm, with daily trading volume skyrocketing from $1 million to a whopping $30 million.The platform recently hit a daily trading volume record of $60 million, showing a renewed interest in digital collectibles across multiple blockchains.The surge coincides with Magic Eden’s announcement of ME, the next utility token in development by the ME Foundation. While details of the launch are kept under wraps, the prospect alone has sparked excitement among traders.“The era of single-chain maximalism is over,” said ME Foundation Director Matt Szenics, noting that Magic Eden’s various networks…