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Ethereum's Market Behavior Ethereum (ETH), the second-largest cryptocurrency by market capitalization, experienced a downturn on Friday, dropping 4.7% against the U.S. dollar. Over the previous week, it has seen a decline of 6.6% in its value. The trading dynamics on November 17, 2023, showcased a complex blend of factors influencing ethereum's market behavior. Stability Amidst […]

Bitcoin Mining Pools Control Majority of Hashrate Crypto analyst Chris Blec recently raised concerns about the dominance of two major mining pools in the Bitcoin network, which now control over half of the total hashrate. Blec suggests that this concentration of power could lead to the transformation of the bitcoin mining industry, with regulatory standards

Memecoin Rallies Sharply as ARK Tumbles The cryptocurrency market, currently valued at $1.4 trillion, has been relatively stable with bitcoin and ethereum trading sideways. However, amidst this stability, some virtual currencies have experienced significant gains and losses. Memecoin (MEME) emerged as the top gainer, surging by 44.28% on Monday. On the other hand, ARK faced

Bitcoin Gains Institutional Support in El Salvador With President Nayib Bukele’s re-election date less than three months away, Bitcoin is experiencing increased institutional support within El Salvador. This growing support indicates a strong foundation for the country’s experiment with Bitcoin as legal tender. Election Season in El Salvador The Republic of El Salvador is currently

All Banknotes Issued by the Central Bank of Nigeria (CBN) Remain Legal Tender The Nigerian Central Bank has recently clarified that the previously demonetized naira banknotes are still considered legal tender. In response to ongoing rumors suggesting otherwise, the bank emphasized that all banknotes issued by the CBN should not be rejected by anyone. CBN

Introduction In a recent speech in Basel, Switzerland, Agustín Carstens, the chief of the Bank for International Settlements (BIS), emphasized the significance of central bank digital currencies (CBDCs) in shaping the future financial system. Carstens believes that CBDCs will bring innovation and meet public expectations, despite the challenges they may face. This article will delve

A Brief Introduction to Monetary Gold Monetary Gold, a reputable precious metals dealer, offers a unique opportunity for investors to buy, sell, and invest in silver and gold. Since its establishment in 2000, the company has distinguished itself by working directly with precious metal dealers, enabling it to provide competitive pricing and make the process

Introduction The stablecoin market experienced a notable increase in October, with a total of $608 million added to the fiat-pegged token market. However, despite the overall growth, six out of the top ten stablecoins saw reductions in their supply during the month. Growth of Fiat-Pegged Token Market In October, the fiat-pegged token market experienced modest

Introduction Global asset management firm Alliance Bernstein has made a bold prediction, stating that the price of bitcoin will reach $150,000 by 2025. This optimistic forecast is based on the firm's expectation of imminent approvals of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Leading asset management companies like Blackrock

Introduction Bitcoin Magazine and Nitrobetting.eu have come together to present an exciting new contest called "The Bitcoin Halving Challenge." This innovative competition offers participants a unique opportunity to showcase their Bitcoin market prediction skills and potentially win a significant prize. About the Contest The Bitcoin Halving Challenge is open for registration from November 1, 2023,