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The U.S. dollar (USD) is reportedly one of the strongest fiat currencies in a long time. In the last decade, the USD outperformed 115 national currencies, of which 17 are from G20’s member countries. However, the United States legal tender was strongly outperformed by Bitcoin (BTC) in the same 10-year period. Data retrieved by Finbold from Bitstamp’s BTC/USD price chart on TradingView shows that even the fiat currency from one of the most wealthy countries of all time has not been able to keep its value against the leading cryptocurrency by market capitalization. From September 30, 2013, to the same day 10 years later in 2023, the U.S. Dollar lost 99.52% of its value against Bitcoin. Interestingly, it also represents a price appreciation superior to 22,000% for BTC against the USD. BTCUSD 1W historic price chart from Bitstamp. Source: TradingView Notably, the Chinese central bank began to crack down on Bitcoin in late 2013, prohibiting local financial institutions from handling...

Ethereum is exhibiting a renewed vigor, attempting to climb past the $1,620 mark. Currently, ETH is transacting above this threshold, further bolstered by the 100-hourly Simple Moving Average. A pivotal bullish trend line is emerging, offering support close to the $1,645 region on the hourly graph of the ETH/USD data, as sourced from Kraken. Significantly, Ethereum has set its base above $1,580, echoing Bitcoin’s positive momentum. Although it broke past the $1,650 barrier, its ascension halted just shy of $1,667. Now, Ethereum’s price hovers around the 23.6% Fibonacci retracement level, stemming from a surge that began at $1,583 and peaked at $1,667. Furthermore, Ethereum’s current trade value lies north of $1,640. Moreover, a bullish trend line, anchored near $1,645 on the ETH/USD hourly chart, signifies potential upward momentum. However, challenges await. A Resistance zone near $1,670 looms, with the subsequent major hurdle being the $1,720 mark. Surpassing th...

Frankie Candles, a popular cryptocurrency trader opens up about the recent controversies. Hit Network CEO Timothy “TJ” Shedd agreed to sign over full ownership of the Frankie Candles brand. Candles plans to continue creating crypto education and trading content independently. Popular cryptocurrency trader Frankie Candles announced his departure from crypto media group Hit Network amid recent controversies. In a lengthy statement, Candles explained why he kept silent amidst the ongoing drama. Hey CT, obviously I have not spoken publicly on the drama and I think it’s time I talk about exactly why. Let me give you a little background so you can better understand where I’m coming from. I was a huge fan of the channel and a loyal bitsquad member because that channel… — Frankie Candles (@Frankie_Candles) September 29, 2023 Candles said he initially joined as an employee in 2021 after cold-emailing Armstrong’s Bitboy Crypto channel. He called landing th...

The analyst Blunts revealed in a X post today that SOL is in an interesting situation. SOL was attempting to escape a negative trend but was also bouncing off of a long-term positive trend line. At press time, CoinMarketCap indicated that SOL was one of the best performers in the top 10 list. The cryptocurrency analyst Bluntz shared in an X post earlier today that the price of Solana (SOL) was in an interesting situation from a technical standpoint. On one hand, the altcoin’s price is attempting to break out of a bearish structure. Meanwhile, SOL was also bouncing off of a key uptrend that had started all the way back in January of this year. interesting PA on $SOL here. its trying to break bearish structure with a downtrend break, 4h IHS and bouncing from key january uptrend pic.twitter.com/0WcFGvnghf — Bluntz (@Bluntz_Capital) September 29, 2023 Bluntz’s post follows SOL’s break above a steep negative trend line that had formed on the altcoin’s charts ...

Planetarium Labs is a gaming company known for its immersive gaming experiences, web3 development, and mobility. One of its games, Nine Chronicles, was launched in 2020 and is the world’s first fully on- chain , open-source fantasy RPG game. Over 200,000 community members and gamers worldwide have come together to enjoy this game. As part of its omni chain vision, Planetarium Labs launched BNB Chronicles earlier this week – a web-based game that runs on the BNB Chain. The game was launched to celebrate Nine Chronicles’ omni chain expansion journey and its upcoming mobile release. Planetarium Labs formally announced its vision of going multi chain by adopting the Omni chain Fungible Token (OFT) standard in August 2023.  You might also like: Nearly 95% of NFTs are now worthless, report says This standard was developed by leading blockchain developer LayerZero. It was designed to simplify the transfer of WNCG tokens across different bl...

Coinbase recently visited Washington D.C. to advocate for clearer crypto regulations, highlighting the industry’s call for more transparent governance. Earlier, Coinbase and several crypto stakeholders took their “Stand with Crypto” campaign to Washington D.C. to garner support for clearer crypto regulatory frameworks. On Sep. 27, a delegation led by Coinbase CEO Brian Armstrong and approximately 40 crypto founders in the United States converged in the capital. Their objective was to implore lawmakers to back a new set of regulations designed specifically for the digital currency market. Here at our nations capital for #StandWithCrypto day with 40 crypto founders from across the country. It’s time for America to join the rest of the G20 and get some clear rules on the books. pic.twitter.com/oQCBGH2yGY — Brian Armstrong ️ (@brian_armstrong) September 27, 2023 Previously, the Republican-dominated House Financial Services Committee and House Committee on Agriculture ha...

Gemini Trust Co., a crypto exchange, reportedly withdrew $282 million from Genesis Global Holdco LLC months before Genesis filed for bankruptcy. Genesis and Gemini used to work together on the Earn program. Under this initiative, Gemini allowed users to lend crypto via Genesis and earn returns. This partnership appeared mutually beneficial until Gemini withdrew millions from Genesis. You might also like: Gemini to invest $24m in India despite current tax regulation Anonymous sources disclose that Gemini withdrew approximately $282 million from Genesis to establish a financial reserve, ensuring swift access to funds for Gemini Earn users. Importantly, none of these funds went into the personal accounts of the Winklevoss twins, despite some speculations. Following the collapse of FTX, Genesis froze customer withdrawals and filed for Chapter 11 bankruptcy. In response, Gemini initiated a claim in bankruptcy court, advocating for a $1.1 billion settlement for Earn use...

Marathon Digital reportedly mined an invalid Bitcoin transaction at block height 809478. The publicly traded miner disordered a transaction — spending first, then receiving bitcoin — leading it to lose its 6.25 BTC (~$150,000) Coinbase reward for the erroneous block. Full nodes logged an error message indicating that the block included missing or already-spent bitcoin. In other words, Marathon Digital mined a block of transactions that included a transaction prohibited by Bitcoin’s consensus rules. Specifically, Marathon included this transaction within its block , which spent coins outputting from this transaction which was already mined in the block after the initial transaction. In other words, it was classic, prohibited reordering of coin outputs: spending coins first, then receiving them . Not allowed. Bitcoin doesn’t permit the creation of expenditures ex nihilo, even if they’re accounted for in the very next block. All bitcoin since genesis have bee...

The nascent Shiba Inu Shibarium blockchain is gearing up to onboard its first digital ID native domain naming service as early as next month. Developed by Proof of Human, a Wyoming-based VC firm, ShibariumID aims to bring .shib domain functionality and a streamlined domain management experience to the Shiba Inu ecosystem. Also read: Kraken Expands European Footprint: Secures Regulatory Approvals in Ireland, Spain @ShibariumID is officially launching in late October. We're here to help transform the entire $SHIB ecosystem. pic.twitter.com/DVm0ZtJzW7 — ShibariumID | #1 Platform for .shib Domains (@ShibariumID) September 27, 2023 ShibariumID to introduce Web3 naming functionality With domain registration and integrated marketplace Features , the Shiba Inu Digital ID system seeks to make naming more accessible to regular SHIB investors. ShibariumID could spur wider adoption by removing Web3 naming friction points. Built-in domain discovery and quick registr...

Mixin Network suffered a breach in its third-party cloud server database resulting in the theft of nearly $200 million worth of digital assets. Mixin Network, a decentralized cross-chain protocol, in a message to the hacker behind the $200 million exploit on Sept. 23, has offer ed a $20-million bug bounty for the return of the remaining funds. Mixin Network encrypted the message with the exploiter transaction, requesting the exploiter to return the funds as the majority of the stolen funds were user assets. “Most of our platform assets were users, and we hope you can refund them. You can keep $20M of the assets as a BUG Bounty Reward for the BUG.” Mixin Network confirmed the exploit on Sept. 25, claiming the exploiters managed to breach a third-party cloud service provider, which resulted in the theft of nearly $200 million of assets from the platform. [Announcement] In the early morning of September 23, 2023 Hong Kong time, the database of Mixin Network's cloud service provide...

In the dynamic world of crypto currencies, numerous assets have emerged. Nevertheless, Shiba Inu [SHIB] continues to maintain its popularity among many users. Despite its price stagnation, this crypto currency has successfully preserved a dedicated community of supporters. This loyalty can largely be attributed to its exceptional performance during its early days, when it ignited a remarkable rally in 2021. Within a span of just 10 months, SHIB managed to eliminate six decimal places, transforming early investors into millionaires. This unprecedented rally quickly turned SHIB into a widely discussed topic within the crypto space. Although expectations of a rally on the scale of the past are diminishing, specific forecasts are reigniting optimism within the ecosystem. The asset still carries the potential for a substantial increase of nearly 1,800%. Nonetheless, it’s evident that this surge will require a significant amount of time. The question remains: how long will it take? ...

Kaiko announced on X that one of Binance’s hot wallets briefly took the lead as the highest consumer of gas on the Ethereum network. The price of ETH was able to climb by more than 1% over the past day of trading. At press time, ETH was resting on the crucial support level of $1,580. The analytics platform Kaiko announced on X that one of Binance’s hot wallets briefly took the lead as the highest consumer of gas on the Ethereum (ETH) network. Binance attributed this surge in gas consumption to its efforts to consolidate ETH balances. One of #Binance’s hot wallets briefly became the top gas guzzler on #Ethereum as the exchange said it was consolidating ETH balances. pic.twitter.com/FqcR2nLpd4 — Kaiko (@KaikoData) September 25, 2023 On Sep. 23, the market intelligence platform Santiment shared a post on X that the Ethereum network’s fees have dropped to their lowest levels in 2023, at just $1.15 per transaction. This reduction in gas fees may lead to...

The crypto currency sector as a whole has experienced impressive expansion over time. Ethereum [ETH], the second-largest crypto currency, distinguishes itself for various reasons. Presently, it garners attention for achieving a remarkable feat: surpassing $10 billion in revenue in just seven years, setting a new record in the process. Based on recent data, Ethereum currently shares a position alongside tech giants such as Alphabet and Meta. Alphabet reportedly took around six years to reach this milestone. Additionally, while contrasting this record with that of other tech companies like Microsoft, it becomes evident that Ethereum experienced swift adoption. This means that its solutions are being embraced at a faster pace. Microsoft, for instance, took nearly 19 years to reach this milestone. Adobe on the other hand took nearly 20 years to do so. Also Read: Vitalik Buterin Transfers 400 Ethereum to Coinbase Breaking down Ethereum’s meteoric rise Ethereum distinguishe...

TL;DR Bitcoin has dropped to the sub-$26k level as bears remain in control. Shiba Memu’s presale has now surpassed the $3 million mark as more investors troop in. The cryptocurrency market has been bearish over the weekend. The prices of Bitcoin and other cryptocurrencies are in the red zone as sellers continue to be in firm control of the market. However, Shiba Memu’s presale continues to break records and has now surpassed the $3.2 million mark.  Bitcoin drops to the $26k level Bitcoin, the world’s leading cryptocurrency by market cap, has been underperforming over the last few hours. It has lost more than 1% of its value today, with the bears in control of the market. At press time, the  price of Bitcoin stands at $26,161 per coin.  The other leading cryptocurrencies, including ETH, SOL, SHIB, and XRP, are all trading in the red zone. The decline in prices could serve as an opportunity for investors to invest in mor...

Tether in its email said they found Cake DeFi to be controlled by “another corporation that resides in Singapore,” and thus they won’t be allowed to redeem USDT. Tether, the largest stablecoin issuer behind USDT, has reportedly changed its terms of services (ToS) in Singapore. An email shared by the decentralized finance protocol Cake CEO on Sept. 25 shows the changes to Tether's ToS prohibiting certain customer base from redeeming USDT. The CEO of Cake Group Dr. Julian Hosp took to social media platform X (formerly Twitter) to share the email received from Tether informing that they cannot redeem USDT for USD due to the changes in the ToS of the stablecoin issuer just one day ago. Ok, so, I won't be able to tell you if redeeming $USDT into $USD is actually possible, due to being in #Singapore, which was a recent change to the @Tether_to ToS from one day to another. Interesting. pic.twitter.com/1YzNqkbjMO — Dr. Julian Hosp (@julianhosp) September 25, 2023 Hosp in his X ...

Michael Saylor believes Bitcoin is the best way to store and protect wealth. Saylor thinks consumer inflation is the amount of money a person needs to stay poor. According to Saylor, asset inflation is the rate of creating wealth to stay wealthy. Michael Saylor, the executive chairman of the board at MicroStrategy, believes Bitcoin is the best way to store wealth and protect it from the dangers of inflation and political risks. Saylor said this during a discussion with Stephen Gardner, a Safe Money Specialist in the United States. The MicroStrategy Chief began the discussion by explaining the dynamics involved in monetary inflation. Saylor defined inflation as a vector and described consumer inflation as a metric that provides information on the price of products whose qualities are continually deteriorating.  A comprehensive one-hour overview of what every newcomer needs to know about #Bitcoin. pic.twitter.com/lOTkhJQrZI — Michael Saylor️ (@sa...

The Federal Reserve decided to leave interest rates unchanged. It also signaled that it will deliver another rate hike later this year. Shiba Memu has defied gravity by raising over $3.1 million. Stocks and cryptocurrencies came under intense pressure this week as the Federal Reserve pointed to higher interest rates in the coming months. The Dow Jones, Nasdaq 100, and S&P 500 slipped for four straight days. Similarly,  Bitcoin dropped to $26,000, down from this month’s high of almost $28,000.  Federal Reserve decision The main catalyst for the performance of stocks, cryptocurrencies and bonds was the latest Federal Reserve interest rate decision. In it, the bank decided to leave interest rates unchanged between 3.50% and 3.25%. At the same time, the committee hinted that it was still concerned about inflation.  As a result, the dot plot pointed to another 0.25% hike by the end of the year. If this happens, interest rates wil...

Cryptocurrency trading venues have changed tremendously since Bitcoin’s emergence in 2008 and are still evolving. So, what are the newer exchange models beyond CEXs and DEXs in 2023? Phemex, an innovative crypto exchange, is at the forefront of the hybrid trading approach. Rooted in a firm commitment to decentralization, Phemex provides CEX-like liquidity, user-friendly functionalities, and access to DeFi opportunities through its Phemexia ecosystem. Over the years , crypto currency trading venues have come a long way — from the Bitcoin Market exchange owned and operated by a single anonymous user, dwdollar, in 2010 to automated market makers (AMMs) relying on mathematical formulas to price assets a decade later. Centralized exchanges (CEXs) use an order book where market makers and takers place their orders. Their order books then match buyers and sellers, and the exchanges take a small portion of the transaction as a fee. Their counterparts, decentralized exchanges (DEXs), opera...

Shiba Inu developer warns against trading Calcium token meant for renouncing BONE token. contract. Calcium token has no real liquidity and is not intended for trading. The developer dismissed claims of financial loss due to Calcium trading as FUD. Kaal Dhairya, one of the developers behind Shiba Inu (SHIB), has issued a cautionary message to the SHIB Army regarding the recent introduction of the Calcium token, specifically designed to mint and renounce the BONE token contract. This advisory comes in response to mounting concerns that certain community members, lacking sufficient information, may be trading the token, or potentially even a counterfeit version, to generate profit. As previously mentioned in the screenshot below, we are in the process of renouncing BONE. Please do not buy or trade the Calcium token (seriously), there is no liquidity and claims of large losses are FUD. PLEASE READ : https://t.co/BgNsdLMUop pic.twitter.com/1pxoaK4A12 — K...