On Tuesday, the BRC20 token, dubbed ordinals (ORDI), soared over 40% against the U.S. dollar, fueled by news from Binance about its impending inclusion on the exchange’s roster of traded currencies. ORDI rocketed from an early 24-hour low of $7 to a peak of $11.53, settling at $10.48 per token at the time of this…
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South Africa’s Old Mutual Wealth and financial services provider Inves Capital recently revealed plans to inject liquidity into the ZARP stablecoin network. Inves Capital’s managing director said “crypto is entering a new phase” of growth and ZARP is set to “play a central role.” ‘Substantial Liquidity’ to Be Injected Into the ZARP Network South African…
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Stablecoins, the crypto assets crafted to mirror the stability of fiat currency, have encountered over 600 significant instances of price instability in 2023, as per Moody’s Analytics. A ‘depeg’ or ‘depegging’ event is characterized by a stablecoin’s value swinging beyond a 3% margin from its standard $1 mark within a day, according to Moody’s Analytics’…
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Over 15 years have passed since Satoshi Nakamoto launched the crypto revolution with the release of the Bitcoin white paper. On the brink of January 3, 2024, the network celebrates a decade and a half of continuous activity. Though many companies folded in 2023, several of the original players remain in the game. This overview…
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Hut 8, a public Bitcoin mining company, announced it has been cleared to issue a “stalking horse” bid for several natural gas power plants and a Bitcoin mining site. The Canada-based miner hopes to integrate these services to expand its business to sell power to the market and develop artificial intelligence activities. Hut 8 to…
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Cathie Wood, the founder and CEO of Ark Investment Management, has an optimistic outlook on bitcoin’s future and she recently shared her enthusiasm on Bloomberg’s “Merryn Talks Money” podcast. In the conversation, when presented with the choice between gold, cash, or bitcoin as a ten-year investment, Wood confidently declared her preference for bitcoin, saying it…
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After a quiet period post-September 15, Bitcoin transaction backlogs are surging anew, with a noticeable resurgence of Ordinal inscriptions starting October 24. The number of pending bitcoin transactions in the mempool has surpassed 157,000, prompting a rise in high-priority transaction fees to $3.38. Bitcoin Sees Renewed Congestion, With Transaction Fees Hitting New Highs As of…
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The U.S. Supreme Court has agreed to take up the Coinbase case concerning whether the crypto exchange can force users to settle disputes through private arbitration, rather than in court. The case stems from a dogecoin (DOGE) sweepstakes in which users accused Coinbase of false advertising. Coinbase’s Case Goes to Supreme Court The U.S. Supreme…
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Polkadot (DOT), one of the prominent blockchain networks in the crypto space, experienced a 16% decline in market capitalization in the third quarter (Q3) of 2023, according to a recent report from Messari. This decline came after a moderate downturn in the overall cryptocurrency market during Q3, despite favorable court rulings for XRP and Grayscale.…
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On Sunday’s anticipated Halloween special, The Simpsons unveiled its thirty-fourth “Treehouse of Horror” episode, showcasing Bart’s transformation into a non-fungible token (NFT) by Homer. In a twist of events, Marge rescues Bart from the blockchain’s abyss, only for Homer to willingly become an NFT, subsequently. ‘Wild Barts Can’t Be Token’ The latest “Treehouse of Horror…
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