Ackman said, “Rising Bitcoin prices lead to increased mining and increased energy use, which leads to higher energy costs, which leads to higher inflation and a lower dollar value, which in turn drives increased Bitcoin demand and mining, which in turn drives increased energy demand, and the cycle continues.” “He said. From X’s post.
Author: Crypto Flexs
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Floki cryptocurrency dazzles Times Square with three-month advertising blitz March 8, 2024: Crypto sensation Floki is set to take over New York City’s bustling Times Square with a landmark advertising campaign. Starting March 15, Floki’s ads will be displayed non-stop for three months on giant HD LED screens, ensuring the digital coin’s presence is etched into the minds of New Yorkers and tourists alike. Towering over the corner of 1500 Broadway at West 43rd Street, Floki’s advertising will dominate a massive double-sided LED screen measuring 56 feet wide and 29 feet high. At five stories tall and 1,624 square feet,…
Posted 1 minute ago In ~ Zito J.T.O. +2.50% laboratory, Solana brush +0.89% Client developers have scaled back the mempool provided through the Jito block engine after ‘sandwich attacks’ against Solana users intensified for several weeks. In a sandwich or maximum extractable value (MEV) attack, a sophisticated bot that discovers a specific type of pending trade can leverage that knowledge to design its own trades to profit at the expense of retail traders. MEV attacks are common on Ethereum, which has a built-in mempool, while Solana does not have its own mempool. However, the introduction of Jito Block Engine by…
Redmond, Washington March 4, 2024 – $KARMA launched the largest fungible token airdrop in Bitcoin history on February 27th, reaching over 61,000 wallets. In true Web3 tradition, this collection was initiated by the seven-member $KARMA Committee, bringing together ten key Ordinals communities in support of $KARMA’s mission.The $KARMA Committee’s airdrop aims to create a sense of community among early Ordinals participants and strengthen the burgeoning ecosystem. Strength in Numbers: Growing the Ordinals Ecosystem$KARMA is a token launched by a council of seven members, including four representatives of the OnChainMonkey (OCM) community: Soldman Gachs (@DrSoldmanGachs), Fitzy (@fitzyOG), Rabbi (@RabbiGains), and Drheref…
Floki (FLOKI) is preparing an ambitious advertising campaign to showcase its eponymous meme token in New York’s iconic Times Square over the course of about three months. Floki lights up Times Square Floki is running a strong advertising campaign in New York’s Times Square Plaza, with ads running continuously on large HD LED screens starting March 15th. The initiative aims to attract the attention of both New Yorkers and visitors to increase visibility for MEMCOIN. Floki’s strategically placed ads occupy a prominent position next to the Nasdaq billboard around 1500 Broadway on West 43rd Street in New York. The digital…
XRP, the native token of the Ripple network, has been a roller coaster ride for the cryptocurrency. After a year of significant price fluctuations and high-profile lawsuits, XRP is at a crossroads. Could technical indicators indicate a long-awaited uptick? Or is the recent decline a sign of potential pre-fall profit taking? Is XRP Ready for a Breakout? Technical analysts are closely watching the price movement of XRP. Cryptocurrencies appear to be on the verge of breaking out of their multi-year symmetrical triangle formation. Characterized by the convergence of price channels, this pattern often precedes significant price increases. If XRP can…
Bitcoin (BTC) miners are investing billions of dollars in equipment and consuming energy at unprecedented rates to maximize profits ahead of the upcoming April halving event. According to Bloomberg, the resurgence in Bitcoin mining activity is primarily driven by the recovery of the cryptocurrency. The world’s largest digital asset by market capitalization recently hit an all-time high after losing 64% of its value in 2022 due to industry turmoil. This resurgence has been fueled by the introduction of spot Bitcoin exchange-traded funds (ETFs) and rising expectations of the halving, which occurs every four years and limits the supply of new…
Posted 1 minute ago In ~ MakerDAO implemented temporary changes to fees to strengthen its protocol as holdings of the dollar-pegged stablecoin dai decline due to a period of “increased volatility and bullish sentiment.” This proposal follows Dai supply plummeting from $5 billion to $4.4 billion last week. According to the proposal, a member of BA Labs: maker MSEK +16.29% Stability Advisory Committee. Dai remains overcollateralized, but some of that collateral is placed in real-world asset (RWA) vehicles, which could lead to a potential liquidity crisis if more Dai selling continues. “Liquid stablecoin reserves and reserves deployed in RWA are…
A closely watched cryptocurrency analyst is predicting when the ongoing digital asset bull market could end. Pseudonym: Cryptocurrency strategist Rekt Capital says 411,700 followers on social media platform “If history repeats itself, the next bull market could occur 518 to 546 days after the halving. “That will be mid-September or mid-October 2025.” Source: Rekt Capital/X merchant island warn Bitcoin is currently rallying ahead of the halving based on historical patterns, but the cryptocurrency king typically drops suddenly just before the halving, when miners’ rewards are cut in half. The next halving is expected around April 20th. “Bitcoin is clearly in…
Following significant market activity in Bitcoin this week, the bull market conversation is at an all-time high, with numerous predictions suggesting a significant increase in the price cycle for the leading cryptocurrency asset. There is evidence that call options with strike prices ranging from $80,000 to $100,000 are currently in the mix as speculators show strong optimism. Bitcoin Bull(…)