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FDUSD Market Cap Surges to $2.6 Billion in 30 Days

Newly Launched FDUSD Emerges as Fourth-Largest Stablecoin Since its launch on Jan. 1, 2024, FDUSD, the first digital USD stablecoin, has experienced impressive growth, with its market capitalization soaring by $1 billion. As of Jan. 21, 2024, FDUSD has become the fourth-largest stablecoin, valued at $2.61 billion. This marks a significant increase from its initial […]

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The Evolution of Profitable Crypto Mining Algorithms: A Look at 2022 to 2024

Introduction In September 2022, Bitcoin's SHA256 algorithm ranked as the seventh most lucrative proof-of-work (PoW) network for mining. Fast forward a year and four months, and this algorithm has ascended to become the third most profitable crypto network for mining operations. A Shift in Mining Profitability As of January 2024, the ranking of the most

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Ethereum Market Analysis: Potential for Bullish Reversal

Introduction Similar to bitcoin, ethereum (ETH), the second-largest cryptocurrency by market cap, has experienced market turmoil and a clear downtrend. As of January 22, 2024, ether has shown a significant decrease, with a 3.3% drop in the past 24 hours and a 5.7% decline over the past week. Ethereum Market Capitalization and Volatility Ethereum's market

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Peter Schiff Says Spot Bitcoin ETFs in Bear Markets, Warns of Deeper Losses

Peter Schiff's Spot Bitcoin ETF Outlook Gold bug and economist Peter Schiff has issued a warning regarding spot bitcoin exchange-traded funds (ETFs), stating that they are now in bear markets. Schiff specifically referred to the Proshares Bitcoin Strategy ETF, which has seen a decrease of over 50% in the past two years. He predicts that

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Spot Bitcoin ETFs Experience Lowest Volume Since Jan. 11; Grayscale Unloads Over 13,000 Bitcoin, 9 New ETFs Hold $4.91B in Assets

Introduction According to the latest data, spot bitcoin exchange-traded funds (ETFs) have recently seen a significant decline in trading volume. On Wednesday, these ETFs recorded their lowest trading volume day since Jan. 11, 2024, with approximately $1.28 billion in volume. In addition, Grayscale's Bitcoin Trust (GBTC) has offloaded another batch of bitcoins, totaling 13,178.50 bitcoin

Spot Bitcoin ETFs Experience Lowest Volume Since Jan. 11; Grayscale Unloads Over 13,000 Bitcoin, 9 New ETFs Hold $4.91B in Assets Read More »

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Understanding Multisig Bitcoin Wallets for Enhanced Security

When it comes to safeguarding your bitcoin, using a multisignature (multisig) wallet is widely considered one of the most secure methods. This approach eliminates risks associated with exchanges and custodians while addressing common issues related to self-custody. In this comprehensive guide, we will delve into the concept of multisig wallets, the benefits of self-custody, and

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Core DAO Launches $5 Million ‘Innovation Fund’ to Support Africa-Based Web3 Developers

Introduction Core DAO, the foundation supporting Core Chain protocol, announced the launch of a $5 million fund to provide resources and networks for African Web3 builders. With a significant portion of Core DAO's community located in Africa, the foundation decided to establish a fund specifically aimed at supporting the continent's Web3 developers. More Than Just

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The 2024 Bitcoin Halving: A Game-Changer for BTC Value and Miner Survival

As we step into 2024, the excitement in the cryptocurrency community is palpable as we gear up for Bitcoin's upcoming halving event. This event has historically had a profound impact on the crypto market landscape, and it is crucial to delve into how it may unfold this time around. Let's explore the potential implications of

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