Author: NBTC
As Argentina’s inflation climbs, Bitcoin gains popularity over fiat currencies, driving increased crypto purchases and scam activity. In Argentina, where inflation has surged to staggering levels, Bitcoin is emerging as a preferred hedge against economic instability, Bloomberg reports, citing data compiled by a local crypto exchange Lemon Cash. Lemon Cash’s data reveals a significant uptick in Bitcoin transactions, nearing their highest weekly value in 20 months. The surge appears to coincide with President Javier Milei’s implementation of shock therapy policies aimed at revitalizing the economy, prompting Argentines to seek alternative means of financial security. You might also like: Argentine president…
Crypto news: MakerDAO has increased the debt ceiling to 1 billion dollars for Dai allocations in the USDe and sUSDe markets through Ethena on Morpho. Initially, the allocation planned for these markets was 600 million dollars. Let’s see all the details below. Ethena on Morpho exploits MakerDAO’s debt increase: impact on the crypto ecosystem Tensions in DeFi: Aave DAO challenges MakerDAO with reform proposals Ethena on Morpho exploits MakerDAO’s debt increase: impact on the crypto ecosystem As anticipated, MakerDAO has ratified a governance decision aimed at expanding the debt ceiling of its direct deposit module up to 1 billion dollars…
Shiba Inu (SHIB) is starting the week off with a mix of a positive uptick in its burn rate and a slight slump in price to show a visibly dynamic ecosystem. Shiba Inu burn rate metric Data from Shibburn pegs the total number of incinerated tokens at 298,761,752 SHIB, with a 438.17% jump in the past 24 hours. This burn rate is a decoy, considering the SHIB burn rate has been growing remarkably over the past week. Members of the Shiba Inu ecosystem have been proactive with the burning of SHIB since the start of this year. The collective effort…
Immutable Games, the publisher of Ethereum NFT card game Gods Unchained, announced Monday that it will release an expansion pack called Dread Awakening, which will feature a crossover with the upcoming mobile role-playing game Guild of Guardians. The Dread Awakening set, slated to drop on April 23, will include 148 cards minted on Immutable X, an Ethereum scaling network originally created by the publisher. Guild of Guardians, also from Immutable Games, is set to hold its global launch on May 15. “This was a really fun expansion for us to work on because we’ve been able to lean into the…
The Bitcoin halving is roughly a month away. It’s set to take place on or around April 20, though the exact date won’t become clear until it’s closer. The quadrennial event takes place every 210,000 blocks, this time at block 840,000. Following the halving, the amount of bitcoin awarded to miners will be, well, halved: Mined bitcoin rewards will drop to 3.125 per block, down from 6.25. The last halving occurred in 2020 when the rewards dropped from 12.5 bitcoin per block to 6.25. What’s different this time? This will be the fourth halving in the history of Bitcoin, but…
Prominent crypto author Panos Mekras has expressed reservations about Ripple potentially participating in the XRP Ledger automated market maker (AMM) system with XRP alone. Mekras voiced apprehension about this following recent comments from Ripple’s Chief Technology Officer, David Schwartz. In particular, Schwartz was asked whether Ripple would commit some XRP tokens in its escrow wallets to the AMM system. Ripple Participating in XRP AMM Schwartz expressed uncertainty about the benefits of such an endeavor to the XRP ecosystem. “I’m not sure if that would be a bad thing or a good thing,” the Ripple CTO remarked. Unsatisfied by the response,…
Gaming-focused layer-1 blockchain Saga Protocol has made a name for itself in recent months with an airdrop campaign. This led to a record-breaking $13.4 billion staked on Binance to earn SAGA token rewards once the token launches… which happens to be less than a day away, as of this writing. Not to be confused with Solana’s Saga smartphone (or gaming titan Sega, for that matter), Saga is scheduled to launch its mainnet and SAGA token Tuesday, April 9. With all this hype, it can be easy to miss the details of how everything works. But don’t worry, here at Decrypt’s…
Bitcoin, with its intraday low and high at $60,760 and $66,382 respectively, and currently trading above the $63,500 mark, showcases its durability and unpredictability. The price movements of bitcoin persist in the lead-up to the U.S. Federal Reserve’s gathering on Wednesday afternoon. Bitcoin On March 20, 2024, bitcoin’s (BTC) 1-hour chart reveals a prevailing downtrend, characterized by a sequence of lower highs and lows, pointing towards a short-term bearish sentiment among traders. This downtrend is accompanied by consistent volume, suggesting a steady selling pressure without sharp increases, signaling cautiousness among traders. Expanding our lens to the 4-hour chart, the continuation…
In a surprising turn of events, the cryptocurrency market witnesses a massive movement of Shiba Inu tokens within the renowned Crypto Com exchange. The exchange has reportedly transferred a staggering 2 trillion SHIB between its hot wallets, equivalent to a whopping $78.5 million, per data from Etherscan. Arkham’s latest insights reveal that the exchange’s hot wallets currently hold a total of 2.979 trillion SHIB, surpassing the $100 million mark. This unprecedented transfer indicates that more than two-thirds of Crypto Com’s SHIB holdings were shifted unexpectedly today. Moreover, recent reports on CoinMarketCap suggest that the exchange’s position in SHIB is even…
Markus Thielen, CEO of 10x Research, one of the analysts who correctly predicted that BTC would correct after the SEC’s approval of spot Bitcoin ETFs and that this correction would go up to $ 38,000, made a new analysis. Accordingly, Thielen said that it is too early for traders and investors to “buy the dip” following the widespread collapse in the crypto market. In his new report, Markus Thielen explained why they expect a decline in Bitcoin and Ethereum (ETH) prices and why it is too early for investors to buy the decline. Stating that, according to current data, $…