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Showing posts from January, 2024

Shiba Inu Unlikely To Hit $1

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If Shiba Inu reaches $0.01 and $1 thereafter, millions of investors could turn into millionaires and billionaires overnight. However, the situation is further from the truth as SHIB is simply not moving up in price. Shiba Inu is currently trading around the $0.000009012 mark attracting little to no bullish sentiments in the indices. SHIB has been firmly under the bearish grips for over a year making the token relentlessly nosedive in the charts. Also Read: Shiba Inu: You Could Have Made $1 Billion With Just $6.2k in SHIB The dog-themed cryptocurrency is struggling to delete its fifth ‘zero’ in eight months testing the patience of its loyal investors. A handful of investors are dreaming of Shiba Inu reaching $0.01 and then running towards the $1 milestone. The situation is grim as dreams might turn to the reality of SHIB hitting the $1 mark. Shiba Inu: SHIB Unlikely To Reach The $1 Milestone Source: Marcorama Going by the snail’s pace of Shibarium burns, Shiba Inu might most

Ithaca announces $2.5 million pre-seed round for novel on-chain options protocol

Ithaca Finance, a non-custodial, composable options protocol aimed at building permissionless cross-chain infrastructure enabling optimal risk sharing across time and event horizons, is announcing a pre-seed round for its new on-chain options protocol on January 31, 2024, per the latest information shared with Finbold. The $2.5 million pre-seed funding round boasts a long list of prominent names and is led by Cumberland and Wintermute Ventures. Additionally, it Features angel investors Andrew Keys of DARMA Capital, Stan Miroshnik of TenSquared Capital, and Georgios Vlachos of Axelar, as well as Room40 Ventures and Ghaf Capital Partners. Commenting on the round, Cumberland highlighted the expertise of Ithaca’s team, while Wintermute highlighted its high hopes for the company’s protocol: Ithaca’s options platform breaks down complex financial contracts into composable elements, making it easier to handle risk and resulting in a transparent trading experience for users, and it ac

Mark Cuban Confirms Dallas Mavericks Still Accept Dogecoin for Payment

American Investor Mark Cuban told his followers that ‘Dallas Mavericks’ still accept Dogecoin as payment.  The basketball team started accepting the meme coin as payment in 2021.  CoinMarketCap data shows DOGE added 4% to its value in the last seven days. American businessman and shark investor Mark Cuban sparked excitement in the crypto community after he disclosed that the Dallas Mavericks still accept Dogecoin as a payment method.  Cuban made the statement during a spontaneous Ask Me Anything (AMA) session on January 29 with his 8.8 million followers on X. During the session, a user asked, “Do the Mavs still accept Dogecoin?” Cuban responded, “Yes.”  In 2021, Dallas Mavericks, an American professional basketball team, became one of the sports brands to start accepting dogecoin for payments. At the time, Cuban announced that the team had decided to accept the meme coin token for tickets and merchandise payments. Furthermore, the renowned inves

X Mining could reshape Bitcoin mining via staking

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. X Mining, a Bitcoin mining infrastructure designed to democratize the process of Bitcoin mining, is launching early access to Bitcoin mining profits. The X Mining stake-to-mine The Bitcoin mining space is full of expensive mining rigs and a lot of technical knowledge that is expensive, complex, and energy intensive.  These are the problems the X Mining project is designed to solve using a “stake-to-mine” model that makes mining on Bitcoin accessible and potentially profitable for everyone. You might also like: WEN airdrop concludes with unclaimed supply burned, price sees significant movement The vision behind the platform’s design is to democratize the process of Bitcoin mining not just for established mining entities but also accessible to all interested participants in the crypto space.  It is designed to be effici

BBOX secures $2.7M in pre-seed funding for decentralized derivative trading

On January 30, BBO Exchange (BBOX), a decentralized derivative trading platform, accomplished the closure of its pre-seed funding round. Co-led by notable early-stage venture funds Hashed and Arrington Capital, the funding round secured $2.7 million in capital, per the information shared with Finbold. Significant participation was observed from key ecosystem contributors, including Consensys, CMS Holdings, Flow Traders, Manifold Trading, Mask Network, and Laser Digital (Nomura Group). The funding round concluded in the previous year’s third quarter and received additional support from Arcane Group, Draper Dragon, Vessel Capital, Aulis Venture, Formless Capital, Press Start Capital, and One Piece Labs. Noteworthy industry figures, including Keone Hon and Hongbo Tang, also invested. BBOX’s aim  BBOX is positioned to augment the DeFi space through its distinctive strategy in decentralized derivative trading. Serving as the inaugural perpetual decentralized exchange (DEX) incor

BRICS: UAE Pays China With New Digital Dirham, Ditches US Dollar

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BRICS members UAE and China settled a cross-border transaction on Monday using the new Digital Dirham sidelining the US dollar. This is the first-ever transaction made directly to China from the UAE using the new mode of payment with the Digital Dirham . The direct trade settlement was initiated by the UAE through the ‘M Bridge’ platform making ways for BRICS to end reliance on the US dollar through digital methods. Also Read: BRICS: Russia Building New Payment System Without U.S. Dollar The UAE Central Bank initiated the Digital Dirham payment to China amounting to Dh500 million, which is equivalent to $136 million. Shaikh Mansour conducted the historic transaction directly to China showcasing the ‘M Bridge’ payment platform. The live trade settlement was also attended by the UAE’s Central Bank officials and graduating students comprising 1,056 Emiratis. The development indicates that the UAE is ushering in a new era of digital payments. Also Read: BRICS Expansion a T

Sydney Sweeney X account promotes ‘t**s’ and Solana shitcoin in hack

Hollywood actress Sydney Sweeney unwittingly became the face of a little-known shitcoin this weekend, after hackers took control of her X (formerly Twitter) account and told the world, “I have the best t**ts in crypto.” Sweeney’s smile was turned into a meme after she appeared on YouTube series Hot Ones, in which celebrity guests are interviewed while eating spicy chicken wings.  Unfortunately, the meme’s popularity brought with it some unwanted attention. On Sunday, Hack ers gained control of her X account and used it to promote $ MILK , a Solana -based altcoin created just days earlier.   Did you see the @sydney_sweeney hack? https://t.co/GgWNuPJ247 pic.twitter.com/LWTVVI7pfT — Smol News (@NewsInSmol) January 28, 2024 X users can be seen replying to the now-deleted post questioning if it’s real. Read more: Algorand X account Hack er brags they’re still in control after ‘taking a nap’ The unknown hacker used the viral image alongside a price chart with a poorly drawn pair o

New Meme Coin on Presale Nears $8 Million – A Potential Investment Opportunity Under $1

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Meme Kombat’s unique utility stands out during this bear market, attracting substantial contributions despite its short existence. Driven by sustained progress, active community engagement, and a growing media presence, Meme Kombat has surged forward. This momentum positions it as a strong contender among emerging meme coins. Meme Kombat’s features set the stage for pre-launch excitement Meme Kombat stands out in the crypto realm by going beyond the typical trends of meme coins. It provides real utility with its engaging gameplay, robust Features , and a token model driven by the community. This platform caters to both gamers and smart crypto investors, offering opportunities for active betting and passive staking. At its core, Meme Kombat excels in simplicity and utility. Owning MK tokens allows users to join immersive virtual battles featuring popular meme characters like Melody, Pepe, Shiba Inu, Floki, and Wojak. This not only fosters community involvement but also creates exc

Shiba Inu Forecasted To Reach $0.001: Here’s When

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Shiba Inu (SHIB) enthusiasts have found a renewed sense of hope and optimism as Telegaon, a reputable source for market insights, unveils predictions. The prediction suggests that the much-discussed milestone of reaching $0.001 might be more achievable than previously imagined. While the timeframe for this ambitious target is set for 2035, Telegaon’s forecast injects fresh energy into the Shiba Inu community. Shiba Inu’s Present Status In recent times, Shiba Inu has witnessed a surge in activity. However, the price has plunged below the $0.000009 level and is trading at $0.00000887. SHIB is down 8.9% in value over the last 24 hours. The slump is alongside the whole cryptocurrency market, as SHIB added a zero to its price. Also read: 5 Cryptocurrencies Under $0.10 That Can Rally Like Shiba Inu Telegaon’s forecast acknowledges Shiba Inu’s evolution beyond its meme-centric origins. They are also foreseeing potential growth through integration into payment systems and listing

DOGE could go this high if it gains 1% of total crypto market cap

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Dogecoin (DOGE) currently ranks 10th among all cryptocurrencies by market cap. However, capital constantly shifts among projects and in or out of the cryptocurrency market itself. With a market value of $11.40 billion, DOGE holds 0.72% of the entire $1.567 trillion crypto market . Essentially, each Dogecoin is priced at $0.0798, with 142.825 billion DOGE in circulation. In this context, Finbold looked to what would happen to the leading memecoin facing a capital inflow. Supply and demand frequently drive Dogecoin’s price up or down as funds move to and from other cryptocurrencies. Bitcoin, for instance, captures about 52% of the total market cap, boasting a nearly $820 billion valuation. If Dogecoin captured just 1% more of the total crypto market value, its market cap would jump by $15.67 billion, reaching $27.07 billion. This could push DOGE’s price to $0.1895, assuming its circulating supply would stay steady. DOGE market cap vs. the total crypto index Cryptocurre

Lifeboat Foundation can’t explain where its crypto donations go

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The Lifeboat Foundation is still claiming to be a government-sanctioned charity despite it still being unclear exactly what it does with the donations it receives. The organization, which Protos covered all the way back in 2021, describes itself as a 501(c)3 charity but is best known in Crypto circles for its donors, which include a host of important Crypto currency advocates and founders such as Vitalik Buterin, Stuart Hoegner, JR Willett, and Charles Hoskinson. While it’s not immediately obvious where the foundation’s donations go, it claims to be working on numerous shields for Earth (Nano Shield, Black Hole Shield, Asteroid Shield) along with a seed preserver and so-called ‘space habitats.’ Any proof of development on these hasn’t been shared publicly. The foundation claims to be working on numerous shields for Earth. Revocation and lies Since 2020, the Lifeboat Foundation has been on the IRS auto-revocation list, meaning that it hasn’t filed the necessary documents with the

Bitcoin (BTC) halving predicted to double gains for this altcoin

The long-anticipated spot-Bitcoin ETF approval hasn’t brought the result investors hoped for, as Bitcoin (BTC) lost its footing and recently fell below the $40,000 threshold. Now, attention has shifted to the Bitcoin halving , with Ethereum (ETH) potentially being the primary beneficiary of this event. Upon the completion of mining 210,000 blocks, which occurs approximately every four years, the block reward allocated to Bitcoin miners for transaction processing undergoes a halving . This event is named halving due to its impact on reducing the rate at which new BTCs are introduced into circulation by half. This event aims to decrease the circulation of new coins and thus increase the price of flagship crypto. Ethereum to outpace Bitcoin, according to Cathie Wood Cathie Wood, the Chief Executive Officer of ARK Invest, is recognized for her optimistic outlook on cryptocurrencies, with a notable emphasis on Bitcoin and Ethereum. Cryptocurrency 3 cryptocurrencies unde

Ripple (XRP): Could a Fall Below $0.50 Trigger a Turnaround?

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Throughout this year, several digital assets have failed to live up to expectations. Indeed, the industry has seen various cryptocurrencies perform below predictions almost one month into 2024. One of the hardest-hit assets is Ripple (XRP), but could its continued descent below $0.50 finally trigger a turnaround? Many have expected the asset to reach a bottom, and return upward at some point shortly. It has recently broken below the crucial $0.55 level. Currently, the asset is trading at $0.50 and down more than 1% over the last 24 hours according to CoinMarketCap. Yet, further losses leave some optimism that buying could commence, and an upward reversal could be in store. Source – CryptoSlate Also Read: Ripple Unveils Update To Long-Awaited XRP Ethereum Sidechain Ripple Nearing $0.49, as a Turnaround May Be On The Horizon Towards the end of 2023, the digital asset industry had high hopes for what the new year would bring. As the arrival of Spot Bitcoin ETFs was just on the

Dogwifhat Price Prediction: Arthur Hayes Says He’ll Load Up On WIF When BTC Plunges Below $35K, But Traders Load Up On This New GameFi Crypto

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The Dogwifhat price surged 8% in the last 24 hours to trade at $0.353 as of 5 a.m. EST even as trading volume plunged 42%. WIF has seen strong volatility on a 24-hour chart, but also in the past week. Its climb today was helped by its listing on Bitget And now the Solana-based token has even attracted the attention of Arthur Hayes, the co-founder and former CEO of BitMEX, who sees Bitcoin plunging to as between $30k and $35k. “Once Bitcoin drops below $35,000, I will start bottom fishing,” he said in his latest blog post entitled “Yellen or Talking.” “I will load up on Solana and Dogwifhat ($WIF).” "Yellen or Talkin'?" is an essay on why I think the $BTC slump is pointing to a TradFi mini-financial crisis, and it will bottom in the $30k to $35k range.https://t.co/uwiLscKwzW pic.twitter.com/zRpUcE6TIz — Arthur Hayes (@CryptoHayes) January 23, 2024 Dogwifhat Price Prognosis Dogwifhat price saw quite a volatile period in the last 24 hours, with its price constantly

Austin Hilton Provides Updates on Biggest Meme Token Project Presale Centered Around AI-Generated Battles

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The meme coin market is bouncing back, and a notable newcomer called Meme Kombat (MK) is catching eyes and continuously gaining support from investors, including Austin Hilton. The crypto expert is urged to take a few minutes for research, as this article reveals the special Features provided by $MK. Meme Kombat garners attention prior to Uniswap debut with $7.4 million already raised in presale Considering the current state of the market and the decline of other meme coins, investing in the new meme token project, Meme Kombat, might be a wise move for investors. The project has gained significant interest during its presale phases, securing over $7.4 million in funding. Meme Kombat operates as a crypto gaming platform where users can bet on battles featuring popular meme characters such as Doge, Pepe the Frog, and Wojak. The platform follows a Play-to-Earn model through its battle arena, rewarding users who choose winning meme fighters with additional $MK tokens. To maintain un

Bitcoin Looks “Mad Heavy,” Could Dump If It Breaks Below $40K: Arthur Hayes

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According to Arthur Hayes, co-founder of BitMEX crypto exchange, Bitcoin looks “Mad Heavy.” Hayes predicted that BTC would dump if it broke below $40,000 support. At a current price of $40,720, Bitcoin has lost over 17% from its highest price this month. According to Arthur Hayes, co-founder of the BitMEX crypto exchange, Bitcoin looks “Mad Heavy.” In a recent post on X (formerly Twitter), Hayes predicted that the flagship cryptocurrency would dump if it broke below $40,000 support. $BTC looks mad heavy. I think we break $40k. I went long some 29Mar $35k strike puts. I think we dump into the 31Jan US Treasury qtly refunding annc. Is Janet Yellen or Talkin'? pic.twitter.com/lyjqNmldzh — Arthur Hayes (@CryptoHayes) January 22, 2024 In the post, Hayes highlighted that he went long on BTC on March 29, 2023, with $35,000 in strike puts. However, he thinks the pioneer crypto would dump into the upcoming U.S. Treasury quarterly refunding announcement, expected t

Finnish police trace crypto to accused blackmailer of 33,000 therapy patients

Finnish prosecutors say a police investigation has linked a number of crypto transactions to the bank account of an alleged blackmailer who threatened to publish therapy notes belonging to more than 30,000 psychotherapy patients. Finnish national Aleksanteri Tomminpoika Kivimäki has pleaded not guilty to the charges of aggravated data breach, 9,600 instances of aggravated sharing of private documents, 21,300 attempts at aggravated blackmail , and 20 counts of aggravated blackmail . He is accused of Hack ing into the database of the Vastaamo psycho therapy center in 2018, blackmail ing its patients , and releasing private documents online in 2020 under the moniker of ‘ransom_man.’  The Vastaamo center was told to pay 40 bitcoin, worth roughly $518,000 at the time of the data breach. One victim who spoke to the BBC claimed he was asked to pay €500 or else his teenage counseling session notes would be published.  As reported by Helsingin Sanomat, a police investigation paid bitcoin