The smoked chicken fish church is in chaos. Pastor aspirant accused of rug-pulling. Solana Memecoin is in the spotlight over alleged fraud. In a world where thousands of Solana Mimecoins are released every day, projects are doing everything they can to get noticed. This one reached absurd levels with a single token, the Smoking Chicken Fish Church. The project evolved from a Mimecoin to a potential church with a pastor and plans to build an actual place of worship. This absurd religion is now facing controversy and infighting, with members of the “congregation” accusing the leader of enriching himself at…
Author: Crypto Flexs
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Republican presidential candidate and newly minted DeFi entrepreneur Donald Trump reportedly used Bitcoin to buy a cheeseburger.Trump stopped by Pubqui Bar in New York City before a campaign rally Wednesday night at the Nassau Coliseum on New York’s Long Island. “History is being made,” Trump said after the purchase.“One of the most historic transactions #bitcoin “History was just made,” Barr’s X account wrote in a post. “The president @realDonaldTrump Buy a burger @pubkey_NYC With ~ @tpacchia. Block Height: 861871″Trump handed out burgers to bar patrons.“This is a Crypto Burger,” Trump told a cheering crowd. He has never been shy about…
Bitcoin prices have fallen sharply since news of a repayment related to the infamous Mt. Gox hack broke. The repayment process, which involves distributing large amounts of bitcoin to creditors, has sent ripples through the cryptocurrency markets and made investors nervous. Mt. Gox, once the world’s largest Bitcoin exchange, filed for bankruptcy in 2014 after losing 850,000 Bitcoins in a hack. A long-awaited repayment plan has now been launched, and creditors will get back some of the lost assets, including Bitcoin, Bitcoin Cash, and fiat currencies. The market reacted quickly to this news, with the Bitcoin price dropping by more…
Jorg Hiller 18 Sep 2024 13:22 According to Glassnode Insights, the Bitcoin market is experiencing a downturn with minimal capital inflows and outflows, which suggests that volatility is likely to increase in the future. According to Glassnode Insights, the Bitcoin (BTC) market is currently experiencing a period of stagnation with low capital inflows and outflows. This period of inactivity has led to stagnant realized capital, indicating minimal net capital movement within the network.The demand side is weakeningThe realized capital ceiling, a key metric that measures the cumulative net capital inflows into and out of…
Cryptocurrency is a dynamic field that keeps growing with new and innovative solutions being created on the blockchain. Smart contracts are key to this progress, allowing the creation of chains, protocols, consumer apps, and various blockchain products that benefit both users and developers.As of August 2024, Statista reports over 12,000 cryptocurrencies, highlighting a market with a global capitalization of $2.1 trillion. This expansion has led to a surge in cryptocurrency projects, with many innovators now exploring decentralized finance (DeFi) to offer new solutions.However, despite the growth opportunities, there are certain challenges. Due to the dilution of projects, startups face difficulty…
U.S. lawmakers are debating whether the SEC is overreaching. The co-founder of BitMEX told the audience at Token2039 in Singapore that he expects a short-term market crash if interest rates are cut. Meanwhile, two Republican lawmakers have asked SEC Chairman Gary Gensler to answer questions about cryptocurrency airdrops.US lawmakers ask SEC for clarity on cryptocurrenciesU.S. Republican Rep. French Hill delivered a critical statement on September 18 at a House Subcommittee on Digital Assets, Financial Technology, and Inclusion hearing, saying the SEC’s enforcement abuses “make it harder for legitimate actors to follow the rules.” The hearing, which lawmakers called “Dazed and…
Bitcoin has broken through $61,000 after the U.S. Federal Reserve decided to cut interest rates by 50 basis points. The decision by the Federal Reserve to cut rates for the first time since 2020 was a move long-anticipated by crypto traders, with most expecting Bitcoin and the broader crypto market to benefit from the policy reversal.Data from Cointelegraph Markets Pro and TradingView tracked Bitcoin (BTC) price movements as markets reacted to the rate cut decision while awaiting comments from Federal Reserve Chair Jerome Powell.BTC/USD 15-minute chart. Source: TradingViewThe Federal Open Market Committee (FOMC) took aggressive action to stem the labor…
Bitcoin Bitcoin +0.31% Prices surged on Wednesday after the Federal Reserve cut interest rates by 50 basis points.The Federal Open Market Committee (FOMC) cut the benchmark federal funds rate to a lower range of 4.75% to 5.00%, as many economists and traders had expected.“Recent indicators suggest that economic activity continues to expand at a robust pace. Job gains have slowed and the unemployment rate has risen but remains low. Inflation has moved further toward the Committee’s 2 percent objective but remains somewhat elevated,” the central bank said in a statement. “The Committee has grown increasingly confident that inflation is moving…
Layer 1 smart contract platform SUI Network (SUI) is surging after announcing plans to support stablecoin USDC. Circle, the USDC issuer and payments platform, announced in a new blog post that in addition to adding USDC to the network, it will also be adding support for the Cross-Chain Transfer Protocol (CCTP), which will enable interoperability with other major blockchains. “SUI allows developers to build apps for a variety of use cases, including DeFi, gaming, DePIN, and e-commerce. With the launch of native USDC, developers can build on the industry’s largest regulated dollar-backed stablecoin. CCTP also allows developers to build cross-chain…
Bitget and Foresight Ventures announced a $30 million investment in The Open Network. These companies will purchase TON tokens and support GameFi and tap-to-earn projects. Cryptocurrency exchange Bitget and web3 investment firm Foresight Ventures have announced a $30 million strategic investment in the TON blockchain. In a September 18 announcement, the two companies said the investment would be made through the acquisition of Toncoin (TON) tokens. The partnership also seeks to accelerate the growth of The Open Network’s GameFi and Tap to Earn ecosystems. TON Ecosystem Growth Bitget and Foresight Ventures will also invest in new trends across the TON…