[ad_1] Popular canine-themed meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB), experienced a significant spike on Friday following a tweet from Elon Musk about the passing of Kabosu, the dog that inspired these tokens. DOGE surged by as much as 5%, reaching a session high of 17.3 cents within minutes of Musk’s tweet, while SHIB increased nearly 3% during the same timeframe. Despite these gains being short-lived, with both cryptos pulling back, DOGE remained up 6% and SHIB up 1% over the past 24 hours, outperforming the mostly flat CoinDesk 20 Index. This market activity highlights Musk’s influential impact on…
Author: dfrancis36
[ad_1] In a historic move, Donald Trump has become the first American President to accept Bitcoin Lightning Network payments for campaign donations. The announcement marks a significant step in the integration of Bitcoin into mainstream politics, highlighting Trump’s commitment to advancing the future of Bitcoin in the United States.Trump’s campaign has partnered with OpenNode, a leading Bitcoin and Lightning Network infrastructure provider, to facilitate these donations. Supporters can now contribute to Trump’s 2024 presidential campaign using Bitcoin via the Lightning Network, a technology designed to enable fast and low-cost transactions.Last weekend, while speaking at a Libertarian Party convention, Trump emphasized…
[ad_1] Uniswap’s native asset UNI tumbled by about 9% on Friday after the decentralized exchange (DEX) announced that it had decided to punt on an important protocol upgrade. The DEX had planned on initiating an on-chain vote on Friday to implement a proposal that would have enabled a fee mechanism to reward UNI token holders who have staked and delegated their tokens. The upgrade aimed to reduce the burden on Uniswap Governance and to maintain the protocol’s “credible neutrality.” In the past week, however, a stakeholder raised “a new issue relating to this work that requires additional diligence,” according to…
[ad_1] A crypto analyst has highlighted the Chainlink remarkable resilience amidst market volatility, predicting that the cryptocurrency is getting ready to witness a 300% surge against Bitcoin, the world’s largest cryptocurrency. Chainlink Poised For 300% Increase Against Bitcoin Chainlink, a decentralized blockchain oracle network has been gaining traction recently, bolstered by the innovative developments within its ecosystem. Popular crypto analyst, Michael van de Poppe has expressed optimism about Chainlink’s native token, LINK, predicting a major bull rally for the cryptocurrency. Related Reading Sharing a price chart depicting Chainlink (LINK)/ Bitcoin (BTC) price movements from 2021 to 2025, Poppe forecasted in…
[ad_1] Traditional banks may still lead the financial industry in terms of assets, but credit unions are gaining popularity among eligible Americans. Recent data reveals approximately 4,600 credit unions in the United States. A September 2023 report from the National Credit Union Administration highlighted that nearly 139 million Americans were members of federally insured credit unions, marking a 20% increase over the past five years. Additionally, the credit union market size measured by revenue totaled $126.2 billion last year. John Wingate, CEO of financial platform BankSocial, explained to Cryptonews that a credit union operates as a member-owned bank. “Unlike for-profit…
[ad_1] Renowned commodities trader Peter Brandt predicted Bitcoin could surge 230% against Gold after 12-18 months.JUST IN: Legendary Trader Peter Brandt predicts the #Bitcoin price to rise 230% against Gold.Are you prepared? 🚀 pic.twitter.com/F50fgvm6N1— Bitcoin Magazine (@BitcoinMagazine) May 31, 2024 Brandt has over 50 years of trading experience and correctly called Bitcoin’s parabolic bull market in 2017. His latest forecast says the bitcoin-to-gold ratio could reach 100 ounces after a consolidation period.The veteran trader tweeted, “Since its inception, Bitcoin $BTC has gained against Gold. This chart shows the # oz. of $GC_F to buy one BTC. The ratio should chop…
[ad_1] New data from crypto analytics platform Santiment reveals that a layer-1 Ethereum (ETH) competitor is leading the industry in terms of development activity. In a new post on the social media platform X, Santiment says that decentralized app protocol Hedera (HBAR) is leading the crypto space in development activity over the last 30 days, overtaking smart contract platform Cardano (ADA) and layer-2 scaling solution Optimism (OP). Other notable digital assets on the top 10 list of digital assets with the most development activity include layer-2 scaling solution Polkadot (DOT) and its sister blockchain Kusama (KSM), oracle provider Chainlink (LINK),…
[ad_1] Crypto investors are keeping a close eye on Ripple (XRP) as technical indicators paint a concerning picture for the altcoin’s price. After closing below its 20-day exponential moving average (EMA) for four consecutive days, XRP has entered what many analysts interpret as a bearish zone. Related Reading This technical indicator suggests a potential shift in market sentiment, with the average price of XRP over the past 20 days acting as a resistance level. With the current price trading below this key benchmark, analysts fear a decline in demand could be imminent. At the time of writing, XRP was trading…
[ad_1] Ethereum core developers have announced that the highly anticipated Pectra upgrade will be launched by the end of Q1 2025. This decision follows the successful deployment of the Dencun upgrade in March 2024 and aims to avoid rushing the release, allowing for the inclusion of more impactful user features. Strategic Planning for Pectra Upgrade Developers have considered various timelines for the Pectra upgrade, ultimately deciding to delay it until after the Devcon developer summit in November 2024 in Bangkok. This strategic delay will provide a more measured development process and enable the addition of features that enhance user experience.…
[ad_1] Yesterday, the Supreme Court of the United States issued two important cases which will likely have wide ranging impacts for Bitcoin and crypto. The decisions are National Rifle Association of America v. Vullo (NRA) and Cantero, et al. v. Bank of America, N. A. (Cantero).In NRA, the Court addressed a critical issue impacting not only traditional advocacy groups but any disfavored, but legal, industry. This ruling draws parallels to Operation Choke Point 2.0, where U.S. regulators have allegedly been targeting crypto businesses through financial exclusion. Moreover, the recent Cantero decision sheds light on how this legal framework might impact…