BITCOIN HALVING AND ITS EFFECT ON THE CRYPTO MARKET
I've received a ton of request to write on Bitcoin halving and it's likely effect on the market. Since this is well and most anticipated event in the market currently, here we go. What is Bitcoin halving?? Halving: Splitting into 2. From the word HALF 1/2 So what is Bitcoin halving. This is a pre-programmed event in the Bitcoin network that occurs approximately every four years or after mining 210,000 blocks. During this event, the reward that miners receive for validating transactions and add
Selling Pressure Remains High for Solana Despite Breaking Support Level
Solana (SOL) witnessed a dip below the $90-support zone, a critical level that Solana bulls have been striving to protect throughout January within the $87-$91 demand range. The recent drop in Bitcoin (BTC) below the $40.2k-support level further emboldened SOL bears.In January, the stablecoin transfer volume reached an unprecedented $316 billion and continues to rise. Despite this, the short-term market sentiment for SOL remains notably bearish.Analyzing the 12-hour price chart using the VRVP to
Less than five days after being ousted from the CEO position, Sam Altman and OpenAI have reached an agreement for the return of the ChatGPT tool's creator to the helm.Sam Altman Officially Returns as OpenAI CEOOpenAI announced that they had reached an agreement for Sam Altman to resume the role of CEO. Concurrently, a new board of directors has been established, with Bret Taylor, former CEO of Salesforce, assuming the role of chairman. Other board members include former U.S. Secretary of the Tre
Mark Cuban Plans Building Next-Gen American Cities Using Blockchain Innovation
Billionaire investor Mark Cuban, a prominent figure on "Shark Tank," has expressed keen interest in a groundbreaking crypto real estate initiative.Mark Cuban Envisions Building Next-Gen American Cities Using Blockchain InnovationThe project, presented by angel investor and entrepreneur Jason Calacanis, envisions the convergence of smart contracts and non-fungible tokens (NFTs) to catalyze construction and urban development.Calacanis, outlining an ambitious plan for urban development, declared hi
BlackRock's Insights on the Risks Associated with Spot Bitcoin ETFs
BlackRock Highlights Significant Risks in Spot Bitcoin ETFs, Citing Pronounced Market Volatility and Influences from Previous Market Incidents such as the FTX Collapse.BlackRock has outlined a series of risks associated with the emergence of spot Bitcoin ETFs, despite the growing optimism surrounding these innovative financial products in the cryptocurrency market.Foremost among the concerns is the extreme volatility inherent in cryptocurrencies, particularly Bitcoin. The historical trend of sha
Bitcoin is hovering around the $36,000 USD mark, experiencing a slight uptick in price following positive market developments and encouraging long-term on-chain signals.Bitcoin is currently trading near $36,000 USD, experiencing a slight increase in price following positive market sentiments and encouraging long-term on-chain signals.As Bitcoin reached its highest level in months, short-term holders seized the opportunity to sell, locking in their profits. Analysis of Bitcoin exchange activity r
Miners Sell Off Bitcoin in October as Network Congestion Spikes
Miners have sold more Bitcoin than was mined in October. Additionally, the blockchain is currently experiencing congestion due to a surge in transactions.In October, leading Bitcoin miners went on a selling spree, offloading 5,492 BTC, surpassing the total amount they had freshly mined during the same period. This sudden surge in the sale of newly minted tokens by public Bitcoin miners raised eyebrows, especially as Bitcoin itself experienced a substantial 26% monthly surge.Data from TheMinerMag
1.4 Billion Shiba Inu (SHIB) Tokens Burned in October
The Shiba Inu (SHIB) community is actively researching a potential new burning mechanism that might be capable of eliminating trillions of tokens annuallyShiba Inu (SHIB), a prominent meme coin, introduced its burning mechanism at the beginning of 2022 to actively reduce the circulating supply of tokens. Token burning holds significant importance in the cryptocurrency world, as it directly impacts the scarcity and value of a digital asset.Since its initiation, SHIB's burning mechanism functioned
Top 3 Cryptocurrencies Under $1 Worth Considering Before BTC Burn
The cryptocurrency market's revival has signaled promising times ahead, especially Top 3 cryptocurrencies under 1$ like Shiba Inu, Dogecoin, and XRP.1. Shiba Inu (SHIB)Shiba Inu (SHIB) stands as one of the most popular memecoin projects. During its recent price surge, SHIB escalated from approximately $0.000007 to an all-time high of $0.00008616 within about a month, showcasing a remarkable growth of over 1130%.By the end of 2023, SHIB is anticipated to mirror a similar price surge once again. M