The burn rate of SHIB increased by 347%, resulting in a significant decrease in market supply. Technical analysis suggests a potential bullish trend for SHIB following a pattern breakout. The world of MEMCOIN is never boring. This is especially true for enthusiasts and investors of Shiba Inu (SHIB), a cryptocurrency that has been riding the wave of high volatility and community-driven initiatives for several years now. Shiba Inu, the second largest Memecoin after Dogecoin, has been experiencing a steady upward trend so far. In the past week alone, SHIB’s value has risen nearly 10%, and over the past month it…
Author: Crypto Flexs
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During pre-market trading, Bitdeer’s shares rose more than 10% to $6.44. The movements of stock prices indicate the impact of the digital asset sector on the traditional financial industry. Bitdeer, a Nasdaq-listed company focused on providing Bitcoin (BTC) mining solutions, has signed a subscription agreement with Tether. This will allow the stablecoin issuer to purchase approximately $100 million worth of Bitdeer shares, with options worth an additional $50 million. The same goes for equity. According to a press statement, the agreement includes a “private placement of 18,587,360 shares of Class A common stock and warrants to purchase up to an…
An appeals court should order the U.S. Securities and Exchange Commission to begin writing rules for cryptocurrencies, Coinbase argued in its final push for rulemaking.Cryptocurrency companies are caught in a “Catch-22,” Coinbase said in a 36-page closing briefing filed on Friday. Court of Appeals for the Third Circuit. While the SEC asked companies to comply, it also launched “scorched earth litigation against those companies for failing to do so” and refused to write rules, Coinbase said.“This pattern of behavior is a deliberate effort to destroy an industry by demanding the impossible and prosecuting companies that fail to achieve it,” Coinbase…
Renowned commodities trader Peter Brandt predicted that Bitcoin could surge 230% against gold in 12 to 18 months.JUST IN: Legendary trader Peter Brandt makes his predictions. #Bitcoin The price rises by 230% compared to gold.Are you ready? 🚀 pic.twitter.com/F50fgvm6N1— Bitcoin Magazine (@BitcoinMagazine) May 31, 2024 Brandt has over 50 years of trading experience and accurately called 2017 a parabolic bull market for Bitcoin. His latest predictions suggest that after a period of consolidation, the Bitcoin-gold ratio could reach 100 ounces.“Bitcoin $BTC has been rising against gold since the beginning. This chart shows #ounces of $GC_F to buy 1 BTC. This…
CertiK, a well-known company in blockchain security solutions, announced the introduction of CertiK Ventures, a new initiative to support emerging on-chain platforms. CertiK Ventures plans to focus on promoting ‘security-first projects’ such as participating in venture capital (VC) rounds and establishing ecosystem partnerships.Jason Jiang, CertiK’s Chief Business Officer, commented on the importance of this initiative and its impact on Web3:“The launch of CertiK Ventures is a pivotal part of our mission to secure the Web3 world. By combining our years of expertise in blockchain security with strategic investments, we aim to accelerate the growth of innovative projects that will shape…
Many JasmyCoin investors seem to think that the project has partnered with Apple, which has led to a 20% rise in the token over the past 24 hours. But that’s overly optimistic news at best and most likely fake.According to a Japanese government spokesperson, it appears to be true that Apple CEO Tim Cook has agreed to install Japan’s ‘My Number’ ID card feature on the iPhone. Through this integration, we plan to collect tax and social security data into a single identification card for Japanese citizens and foreign residents.When this news broke, JasmyCoin investors took it to mean that…
Worldcoin, an innovative project that aims to build a digital identity system, announced the expansion of World ID of Verification to Colombia. The move comes as a new survey shows growing support for humanity certification.Check World ID for ColombiaAccording to Worldcoin, the World ID authentication system using biometric data is now available in Colombia. This initiative is part of Worldcoin’s broader mission to build a decentralized identity platform that can be used globally.World ID sphere verification involves scanning an individual’s iris to generate a unique identifier that verifies that person is a human. The system…
Trading volume for memecoin PEPE has tripled since the beginning of the month after suddenly falling 12% from its all-time high on May 27.On May 5, Pepe was trading at $0.000008834, with a trading volume of $783.17 million. The price has since risen 94%, reaching a new all-time high on May 27, but has since fallen and is currently trading at $0.0000147.However, in the last 24 hours, Pepe’s trading volume reached $2.47 billion, a 216% surge since the beginning of the month. PEPE has risen slightly by 0.47% over the past seven days. Source: CoinMarketCapWhile some cryptocurrency traders believe that…
The cryptocurrency market is showing a notable upward trend, with Arweave, ORDI, and Monero among digital assets showing significant price increases. The surge comes as investors prepare for the upcoming release of US personal consumption expenditures (PCE) inflation data, a key economic indicator closely watched by market participants. The price of Arweave, a distributed storage network, has soared. The platform’s innovative approach to persistent data storage is receiving increasing attention, especially as concerns about data security and privacy grow. Investors are optimistic about Arweave’s long-term potential, driving demand and driving prices up. ORDI, the native token of decentralized finance (DeFi)…
Hong Kong, Hong Kong, May 31, 2024, ChainwireLBank, a leading global cryptocurrency trading platform, proudly sponsored and actively participated in CoinDesk’s Consensus 2024 for the third consecutive year together with LBank Labs. Recognized as one of the world’s largest and longest-running cryptocurrency festivals, the event celebrates a decade of bringing together industry leaders, developers, policymakers, and enthusiasts to explore and shape the future of the decentralized digital economy.As a premier sponsor, LBank demonstrated leadership and innovation in the cryptocurrency space and hosted several dynamic events and networking opportunities throughout the conference.Consensus 2024 will be held from May 29 to 31,…