Illustration by Mitchell Preffer for DecryptAfter a week, BONK still holds the top spot. But the dog-themed Solana meme coin has spent another week dominating feverish discourse on Crypto Twitter after showing no signs of stopping its weeks-long monster streak. The coin is said to have risen 796% in the past month. CoinGecko.After rising again Best ever It surpassed its market cap this week. 1 billion dollars (Since yesterday, the coin’s market capitalization has already nearly doubled to $1.758 billion.) BONK is provided with the purchase of a Solana Saga smartphone. It’s worth more now than the price the phone…
Author: Crypto Flexs
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The Fed cannot raise interest rates. However, the US dollar could potentially continue to suffer in deep waters. Most of these expectations stem from the fact that countries agree to trade among themselves without using their own U.S. currency. This creates an imbalance between the demand and supply of dollars. This therefore affects how it is valued in the market. Another factor taken into consideration is inflation. It will take a while for the Fed chair to be on the security radar as he signals that interest rates will remain stagnant at high levels for some time. As the Global…
In a brazen cyber heist, peer-to-peer trading platform NFT Trader has fallen victim to a sophisticated hack. This led to the theft of millions of dollars worth of high-value non-fungible tokens (NFTs). Among the digital assets stolen were rare tokens from popular collections such as Bored Ape, Mutant Ape Yacht Club, World of Women NFTs, VeeFriends, and Art Blocks. Hackers steal valuable NFTs. NFT Trader confirmed the attack, revealing that “old smart contracts” were the hackers’ entry point. The company advised users to revoke all permissions previously granted to these smart contracts. The attack reportedly stopped after NFT Trader updated…
Bitcoin (BTC) on-chain transaction fees are dividing opinions as BTC transfer costs skyrocket.As of December 17, the average transaction fee was nearly $40, according to data from statistics resource BitInfoCharts.Commentator: High Bitcoin Fees Are InevitableAlthough the latest Bitcoin Ordinals inscription has led to an increase in transaction fees for all network users, some believe that this will remain the same.According to BitInfoCharts, it currently costs just over $37 to send BTC on-chain. This is the highest average since April 2021.Bitcoin average on-chain transaction fees chart (screenshot). Source: BitInfoChartsAdditional figures from Mempool.space show that Bitcoin’s mempool, the size of the backlog…
reporter Posted on: December 17, 2023 ETH has fallen more than 5% over the past seven days. Market indicators continued to be bearish for the king of altcoins as trading volumes declined. Last week’s price was Ethereum (ETH) submerged. However, the whales took the opportunity to accumulate more ETH. Does this mean a market bottom, and could this cause ETH to behave differently in the coming weeks? Ethereum: The whale is on the move CoinMarketCap’s data It was revealed that the price of Ethereum has fallen by more than 5% in the past seven days alone. At the time of…
As I delve deeper into the realm of Bitcoin and the Lightning Network, I am consistently struck by the potential benefits it holds for humanity. The realization of how inefficient and broken our societal structures are due to the limitations of fiat currency becomes increasingly apparent to everyone. While the spotlight often shines on the monetary aspects of Bitcoin, my exploration into the Lightning Network, spurred by my work at Breez and our company’s visionary goals, has unveiled an aspect that remains largely unspoken. This hidden gem promises significant benefits for humanity, yet it requires the careful alignment of various…
LNDX token surges 190% in weekend trading – Chainwire housenewsroomLNDX token surges 190% in weekend trading We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service expressly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical storage or access is necessary for the legitimate purpose of…
In Taiwan, gambling activities, including participation in, promotion of, and platform hosting of betting pools such as Polymarket face legal consequences, but enforcing actions against overseas entities raises jurisdictional issues and limits Taiwan’s legal scope primarily to domestic actors. Lin explained:
Grayscale is assessing possible tax consequences associated with its spot Bitcoin (BTC) exchange-traded fund (ETF) after inaccurate reports regarding adverse tax implications were circulated.In a series of posts to I made it clear.We are working to obtain appropriate regulatory approvals for Uplist. $GBTC At NYSE Arca, we are considering the potential tax implications for spot Bitcoin ETFs that need to be sold. $BTC Cash reserves to fulfill stock repurchases. Here’s why we’re talking about this now: (1/7)— Grayscale (@Grayscale) December 15, 2023 Grayscale explained that because GBTC is structured as a grantor trust, this means that the entity establishing the…
Tether reiterated its commitment to cooperate with U.S. law enforcement and regulators to combat illegal activity. Tether released correspondence it shared with the U.S. Senate Committee on Banking, Housing and Urban Affairs and the U.S. House of Representatives Committee on Financial Services.Learn more ⬇️https://t.co/wK9iU4ht6i— Tether (@Tether_to) December 15, 2023 Stablecoin issuer Tether plans to strengthen its crackdown on illegal cryptocurrency trading by sharing a recent letter with members of the U.S. House Financial Services Committee and the U.S. Senate Banking, Housing and Urban Affairs Committee. In the first letter, Tether focused on know-your-customer (KYC) and compliance efforts, explaining that the…