A Shift in Market Behavior: Rise of Token Generation Events The cryptocurrency market is experiencing a significant shift in behavior, marked by a surge in Token Generation Events (TGEs). This change suggests a revitalization of the market and an influx of new projects. Andrei Grachev, the managing partner of DWF Labs, highlighted this trend, stating that there has been a substantial increase in … [Read more...]
Lolli Secures $8M in Series B Funding to Boost Crypto Adoption Through Innovative Rewards System
Lolli Secures $8 Million for Crypto Rewards Market Expansion Lolli, a prominent player in the bitcoin and cashback rewards arena, has successfully closed an $8 million Series B funding round. The funding round, led by Bitkraft Ventures, includes participation from both new and returning investors. Diverse Group of Investors Contribute to Funding Round The latest funding round for Lolli saw … [Read more...]
The Federal Reserve Maintains Interest Rates, Eyes Potential Reductions in 2024
Financial Benchmarks Display Bullish Trend Following the recent session of the Federal Open Market Committee (FOMC), the Federal Reserve announced that it will keep interest rates unchanged. This decision was met with positive reactions from the market, which had expected rate reductions in 2024. The influence of Fed Chair Jerome Powell's dovish stance further contributed to the optimistic … [Read more...]
Johns Hopkins Professor Discredits Paul Krugman’s Claim on Global Inflation
Introduction Johns Hopkins University applied economics professor Steven Hanke has recently criticized fellow economist and Nobel laureate Paul Krugman for claiming that inflation is a "global phenomenon." Hanke argues that inflation is primarily a local issue and not a global one. This article explores the differing perspectives of Hanke and Krugman on inflation and their views on the … [Read more...]
New Bill Introduced to Crack Down on Terrorism Financing through Crypto Platforms
Introduction Several U.S. lawmakers have come together to introduce a bipartisan bill aimed at combating terrorism financing by imposing sanctions on foreign entities, including cryptocurrency platforms, that facilitate financial transactions for terrorists. The legislation also seeks to provide additional resources to the Treasury Department to address emerging threats related to digital … [Read more...]
The Rise of NFT Sales in December 2023
In December 2023, the non-fungible token (NFT) market witnessed a significant increase in sales, continuing the trend from the previous month. The first week of December saw a staggering 57% rise in NFT sales compared to the previous week. Despite this surge, the number of buyers and sellers decreased by 90.09% and 88.31% respectively, according to data from cryptoslam.io. Bitcoin Takes the Lead … [Read more...]
This Week’s Biggest Gainers and Losers: BONK, ORDI, BTT Lead Triple-Digit Growth in Booming Crypto Market
Bitcoin's value surged over 14% in the past week, while ethereum also experienced a notable 13% increase against the U.S. dollar. Alongside these top contenders, several other cryptocurrencies have also enjoyed substantial gains in the last seven days. Top Coins Thrive as Market Value Hits $1.7 Trillion The crypto market, which features over 11,000 cryptocurrencies across 940 exchanges, is … [Read more...]
Defending The Undefendable: The Censoring Miner
The Controversial Heroes of the Free Market What do prostitutes, blackmailers, slumlords, and Bitcoin miners who censor transactions all have in common? Surprisingly, they are considered by some to be modern-day heroes of the free market economy. Despite facing universal scorn and outlawry, these individuals provide their economic services bravely. To truly understand their heroism, we must … [Read more...]
Lawmaker Slams SEC for Lack of Clarity in Crypto Market
Introduction A U.S. lawmaker, Congressman Tom Emmer, has criticized the Securities and Exchange Commission (SEC) for its deliberate policy preference to provide less clarity to the crypto market. Emmer accused the SEC of not adhering to the law and suggested that the commission's approach is the reason for its repeated losses in court. The criticism was directed at SEC Chair Gary Gensler, … [Read more...]
FDUSD Nears $1 Billion Cap — A Rapid 253% Surge in Supply Since August
Recent data indicates that the market capitalization of the newly introduced stablecoin, first digital usd (FDUSD), is approaching the $1 billion threshold. This growth, a 253% increase in supply, has been recorded since August 4, 2023. Currently, the circulation of FDUSD tokens stands at 921 million. FDUSD's Market Value Climbs Toward $1 Billion in Just 120 Days Since its inception, … [Read more...]
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