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Showing posts from November, 2024

‘Trump will break’ Bitcoin promise, economist warns crypto community

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An economist has warned the crypto community about President-elect Donald Trump’s promises to the sector during the campaign trail. The Republican candidate was viewed as the crypto-friendly candidate after he promised that, if elected, he intends to make Bitcoin (BTC) part of a strategic U.S. reserve.  He also pledged to halt government sales of Bitcoin, remove SEC Chair Gary Gensler, and oppose the development of a central bank digital currency (CBDC).  Picks for you Historic Donald Trump comeback creates over 11,000 new Bitcoin millionaires 1 hour ago How the US election and Fed rate decision could fuel Gold’s next move 1 hour ago Solan

US Election Frenzy Could Send Bitcoin (BTC) To $100K, Here's When?

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The impact of the ongoing US elections is already showing its effect on the world’s financial markets. As the uncertainty regarding who will become the next president of the US looms over, Bitcoin has shown a positive response to the development, rising to touch an all-time high of $75K. With the experts busy forecasting new price levels for BTC, the token can easily claim $100K in the midst of this, with an analyst delivering an exact timeline for the event to unfold. Also Read: BRICS Give Update on Payment System: Target US Dollar in 2025 BTC To Claim $100K Crypto Rover, a noteworthy crypto analyst, has once again shared his view on Bitcoin’s positive price trajectory shortly. The expert shared how the current US elections play a vital role in determining the future pace of BTC. In one of his recent posts, the Analysis outlined how Bitcoin is poised to touch $100K, especially if Trump emerges as the ultimate winner and becomes the next US president. The analyst quickly provided a ti

Can Dogecoin Surge to a High of 20 Cents in November 2024?

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The Dogecoin (DOGE) market witnessed a massive spike over the past day. This came as a surprise to many as the rest of the market barely saw any movement. Several linked this growth to Donald Trump, the former president of the United States, gaining momentum in the current elections. Also Read: Shiba Inu’s Shytoshi Kusama: New Proposal for Next US President Dogecoin’s Double Digit Spike The meme coin recorded an 11.83% rise throughout the last 24 hours. DOGE went from a low of $0.1504 to a high of $0.1689. At press time, the asset was trading at $0.1681. In addition to its price, Dogecoin’s market cap saw a 12% increase and hit $24.66 billion. Source Activity in the Dogecoin network was on the rise. Following a 56% surge, the meme coin’s daily trading volume soared to a high of $3.19 billion. According to IntoTheBlock, 85% of users whose cryptocurren cy wallets include Dogecoin will make money if they sell the coins at the present price. Of these, 12% will lose money, and 3% will go to

Andreessen Horowitz is already spending big on the 2026 midterms

Andreessen Horowitz (a16z), an important Silicon Valley venture capital firm, has announced that it will be “contributing over $23 million in additional funds to Fairshake and its affiliated PACs for the 2026 midterm election cycle.” In the blog post announcing the move, the firm notes that it intends to support “legislators from both sides of the aisle who understand that crypto isn’t red or blue but is critical in ensuring America remains the leader in technology.” Federal Election Commission (FEC) data compiled by OpenSecrets show that partners of a16z have contributed $44 million to the current election cycle. This is exceeded by $45 million in donations from Ripple and slightly over $45 million from Coinbase.  A variety of other crypto industry participants have also donated to Fairshake, including Jump Crypto, Circle, and Kraken . Additionally, Phil Potter, former Chief Strategy Officer of Bitfinex and Tether, has also donated, as have the Winklevoss Twins, Matt

Hamster Kombat loses nearly 260 million players in just three months

Hamster Kombat, the tap-to-earn Telegram game that boasted a massive 300-million-strong user base back in August, has reportedly shed 259 million players. The game’s active monthly player count currently stands at almost 41 million and its token, which launched at a high of $0.009993 on September 26, has dropped by 76% to $0.002392 today. Earlier this year, Telegram’s CEO described Hamster Kombat as “the fastest-growing digital service in the world,” and claimed it’s part of a new era of mini apps that would bring blockchain to the masses. However, despite the promise of crypto riches, the game’s sloppily put-together AI art and tedious gameplay haven’t been enough to retain its once-strong player base. Hamster Kombat’s player count has dropped 86% since launch. Hamster Kombat’s chequered history  Local media in Nigeria reported that many players were left feeling betrayed and cheated by Hamster Kombat’s token airdrop. Indeed, BeInCrypto reported that most u

AI predicts Solana price for year-end 

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As the broader crypto market consolidates following a sharp rally from early October lows, Solana (SOL) has emerged as a standout performer, outpacing major cryptocurrencies.  With a 17% monthly gain compared to Bitcoin’s (BTC) 13%, Solana’s impressive price surge has been fueled by increased network activity, particularly due to the recent memecoin boom and a renewed wave of institutional investment in Solana-native blockchain applications. Solana seven-day price chart. Source: Finbold Currently, Solana is trading around a critical support level of $160, having pulled back from recent highs of $183. This level is significant, as a failure to hold above it could prompt a deeper correction, leading investors to question whether SOL can still push toward fresh highs by year-end. Picks for you Bitcoin price prediction for November, accord

21Shares Officially Files for XRP ETF

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Following the lead of several firms that have already taken the step, 21Shares has become the latest to file for an XRP ETF with the US Securities and Exchange Commission (SEC). Indeed, a filing made Friday has the firm looking to issue the investment product for Ripple’s native cryptocurrency. 21Shares has now become the third firm to file for the XRP investment vehicle, following both Bitwise and Canary Capital. Moreover, it comes just a week after Ripple CEO Brad Garlinghouse told Bloomberg that an ETF for the token was “inevitable.” https://twitter.com/WatcherGuru/status/1852391226160394516 Also Read: Ripple: Will XRP Hit $1.50 If Bitcoin Reclaims $73,000? 21Shares Becomes Latest to File for XRP ETF With Reluctant SEC The contentious relationship between Ripple and the SEC has been well documented. Both sides have been engaged in a years-long legal battle that has dragged on with both filing to appeal certain rulings. Yet, that hasn’t stopped crypto asset managers from filing to br

Zircuit: Understanding the Hybrid Architecture L2 Supported by Binance, Pantera and Dragonfly

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Colin Wu, founder of Wu Blockchain, speaks with Zircuit co-founders Martin Derka and Angel Xu about Zircuit’s project background, technical architecture, and development plans. Leveraging their experience in smart contract auditing, Zircuit has gained support from notable investors like Binance. Built on Ethereum’s OP Stack and incorporating zero-knowledge (ZK) technology, Zircuit has developed a “Sequencer-Level Security (SLS)” system to proactively identify potential risks. Additionally, Zircuit promotes cross-chain collaboration with ecosystems like Solana and attracts developer participation through its “Build to Earn” initiative and staking incentives.Zircuit previously received investments from Binance Labs, Pantera Capital, Dragonfly Capital, and Maelstrom. Recently, a collaboration event has been launched between Zircuit and Binance Web3 Wallet. Meanwhile, the Eigen Fairdrop has officially started, with all eligible wallets receiving identical rewards. Visit app.zircuit.com/fai