Author name: Peter

Ethereum Market Analysis: Bullish Sentiment Prevails Amidst Stabilization

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Introduction Today's trading session commenced with ethereum oscillating between $2,480 and $2,532 in the past hour, enclosed within a daily range of $2,472 to $2,544. This restricted range hints at a brief stabilization period after a spell of recent market swings. Ethereum maintains a strong market capitalization of $305 billion and a noteworthy trade volume […]

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The Rise of Crypto Trading Volumes in South Korea: A Closer Look at the Top Tokens

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Introduction In the past 100 days, South Korea has witnessed a significant surge in crypto trading activity. The country's leading crypto exchanges, Upbit and Bithumb, have reported their highest trading volumes during the first week of January 2024. Interestingly, the most popular coins traded in South Korea differ from the leading pairs on global platforms

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The Irony of Spot Bitcoin ETFs: SEC Chairman Highlights Centralization and Risks

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Introduction The approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) has raised eyebrows and sparked discussions. In a recent interview, SEC Chairman Gary Gensler pointed out the irony behind these approvals, emphasizing the shift towards centralization in a decentralized system. He also highlighted the risks associated with investing

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Hong Kong Virtual Asset Consortium Updates Crypto Indexes, Excludes XRP in Favor of SOL

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Introduction The Hong Kong Virtual Asset Consortium (HKVAC) has made revisions to its crypto indexes, reflecting the city's commitment to strengthening its crypto regulatory framework and embracing ETFs. The updates highlight a preference for tokens with market performance and growing industry partnerships. Notably, the revisions exclude Ripple's XRP from the indexes. HKVAC's Crypto Index Revisions

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Weekly Crypto Market Recap: Altcoins Surge as Bitcoin Stays Muted

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Introduction The past week in the crypto economy has been filled with interesting developments. While bitcoin experienced a slight decline of 5.7% against the U.S. dollar, ethereum, on the other hand, enjoyed a significant uptick of 10.8%. But it was altcoins like SUI and ethereum name service (ENS) that stole the show, with impressive gains

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Gamestop’s Cryptocurrency Adventure Pauses: NFT Marketplace Closure Looms

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Gamestop's Crypto Journey Halts In a prominent announcement on the Gamestop non-fungible token (NFT) marketplace, the company has revealed its decision to shut down the platform on February 2, 2024. This means that users of the Gamestop NFT market will no longer have the ability to buy, sell, or create NFTs. The Gamestop company (NYSE:

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Robert Kiyosaki Raises Concerns about Ballooning National Debt, Urges Investors to Buy Bitcoin

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Introduction Renowned author Robert Kiyosaki, known for his book Rich Dad Poor Dad, is sounding the alarm on the rapid increase in the U.S. national debt. With the debt ballooning by a trillion dollars in a short period, Kiyosaki is urging investors to consider buying bitcoin, gold, and silver. He is not the only one

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Binance and Coinbase Hold 11% of Crypto Economy’s Net Value, Leading in BTC and ETH Reserves

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Binance and Coinbase's Market Grip Statistical data reveals that Binance and Coinbase, two dominant players in the cryptocurrency exchange arena, collectively possess 11.85% of the $1.68 trillion digital currency economy. Moreover, these leading trading platforms control 7.83% of the total bitcoin supply, underscoring their significant market influence. Market Leadership and Trading Volume Binance and Coinbase

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Blackrock’s Bitcoin ETF Acquires 11,439 BTC in 2 Days of Trading

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Blackrock's Ishares Bitcoin Trust Accumulates 11,439 BTC Blackrock's spot bitcoin exchange-traded fund (ETF), known as the Ishares Bitcoin Trust (IBIT), has recently acquired 11,439 bitcoin within just two days of trading on the Nasdaq stock exchange. This impressive amount of bitcoin has a market value of nearly $500 million. It's worth mentioning that Blackrock's IBIT

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