Chain News Daily Official TheBitTimes.com

The global outcry of de-dollarization has lately been spreading like wildfire all over the world. With the US dollar weakening due to forces like rising US debt, the speculative spree that the dollar’s end is near has been the latest highlight around the world. But is the dollar truly dying? UBS Global Research does not think so. Also Read: The US Debt Limit Hits $35T, What Does It Mean For The US Dollar? Reasons Why the US Dollar Is Here To Stay For The Long Haul Image Source: WatcherGuru #1: Panic Shift Will Ultimately Settle UBS Global Research has outlined how the financial markets have always tended to shift interests. It has been noted from time to time that the global markets generally pivot their attention towards other prospects or dominant currencies. But that interest is usually short-lived. Despite the USD facing stark economic and political changes throughout the years, it has managed to maintain its status as the reserve currency. #2: Unmatched Liquidity The research fo

The Bitcoin price tumbled 0.5% in the last 24 hours to trade for $66,363 as of 02:30 a.m. EST on trading volume that plunged 26%. It comes amid ongoing Mt. Gox repayment woes as the defunct crypto exchange moved another 47,229 BTC, worth over $3 billion, to three unknown wallets. This is after it moved $3.89 billion worth of BTC to Bitstamp, Kraken, Bitbank, and SBI VC Trade since July 5 as part of a repayment scheme. Mt. Gox moved 47,229 $BTC($3.13B) to 3 unknown wallets again in the past 3 hours!#MtGox has moved 61,559 $BTC($3.89B) to #Bitstamp, #Kraken, #Bitbank, and SBI VC Trade for repayment since July 5.https://t.co/f2q66eQNuk pic.twitter.com/3G1tp47rav — Lookonchain (@lookonchain) July 31, 2024 Meanwhile, crypto markets are also keeping an eye on the Federal Reserve. This is ahead of Fed Chair Jerome Powell’s press conference at 2.30pm ET after the close of the Federal Open Market Committee (FOMC) meeting. Tomorrow at 2:30 p.m. ET: Chair Powell hosts live #FOMC press co

People worldwide are paying a lot of attention to Shiba Inu (SHIB) and Pepe Coin (PEPE). As these meme coins continue to make waves in the market, investors wonder which one might reach the coveted 1-cent mark first. This Analysis examines the potential of these trending cryptocurrencies to hit this significant milestone Also Read: Shiba Inu (SHIB) To Rally 117% And Hit $0.000037: Here’s When Comparing Shiba Inu and Pepe Coin on Their Way to 1 Cent Current Market Positions The image above shows a hypothetical scenario where PEPE reaches the same market cap as SHIB, illustrating its potential to increase in value. Shiba Inu (SHIB) is trading at $0.00001672, with a market cap of approximately $9.8 billion. Pepe Coin (PEPE) is priced at $0.00001172 and has a market cap of around $4.9 billion. Recent Performance The SHIB coin’s price has changed a lot over the past six months. There was a big increase, but then it dropped. The price has been going up and down around the averages of the

Supra, a Layer-1 blockchain (L1) platform, has launch ed the new StarKey Wallet ahead of its Token Generation Event (TGE), according to the latest updates shared with Finbold on July 30.  The StarKey Wallet, designed as the primary interface for Supra’s advanced blockchain, went live last week on Google Chrome through the official Chrome Web Store.  Mobile and additional browser versions, including Brave and Mozilla Firefox, will be released soon. Picks for you NeurochainAI braces for token generation event ahead of node staking launch 21 mins ago Is ADA overvalued? Cardano’s network volume is on a downtrend 1 hour ago If you invested $1,

In a chilling case that highlights the dark side of cryptocurrency crime, Kyiv police have arrested four men accused of kidnapping, robbing, and murdering a 29-year-old foreigner over a substantial sum in Bitcoin. The victim, who had nearly three bitcoins worth approximately $207,000, was targeted in a meticulously planned abduction that ended in his death. This incident has sparked discussions about the dangers associated with cryptocurrency ownership and personal security. ️Moroccan man kidnapped, forced to transfer Bitcoin, then murdered in Kyiv, police say. Four men have been arrested after a Moroccan man was kidnapped, forced to transfer $170,000 in cryptocurrency, and then strangled to death in Kyiv, the capital's police force said on July… — The Kyiv Independent (@KyivIndependent) July 29, 2024 Details of the Crime The incident unfolded in the Solomianskyi district of Kyiv when residents reported hearing screams around midnight. Witnesses observed a g

Non-fungible tokens have showcased strong resilience this past week despite their market facing tough volatility, which has left Ethereum and Solana-based non-fungible token collections down in trading sales volume. In this article, we shall assess the state of the NFT market in the past seven days, as well as what people should expect in the coming weeks. NFT Sales Dip 0.77% This Past Week Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token collection explorer, shows that the global non-fungible token market has showcased strong resilience this past week. In the past seven days, the global NFT market has attracted a sales volume of $106 million, representing just a 0.77 % decrease from the previous week. Nonetheless, the number of investors buying non-fungible token collections has somewhat risen this past week. In the past seven days, the non-fungible token market has seen more than 500,000 crypto traders buying N

Cryptocurrency prices have been on the rise lately, and the overall feeling in the market is favorable. Recently, Bitcoin (BTC) has been hovering around $67K, and Ethereum (ETH) is striving to approach $3,500, creating mixed sentiments among investors. However, identifying the next cryptocurrencies to explode might take some work as most funds are attracted to pumping assets. Today’s article explores the performance of cryptocurrencies that have dominated the gainers list in the last 24 hours. The objective is to identify coins with some potential and inform investors and traders about each token.  Next Cryptocurrency To Explode Today’s article discusses the performance of potentially explosive cryptos that investors should add to their watchlist. It also includes a special mention of Base Dawgz, one of the newest memecoin launches on the Base Network. It Features a distinctive multi-chain experience with smooth interoperability across various blockchains. The details of its presa

The Sad Hamster price has jumped by 50% over the last 24 hours to trade at $0.025674 as of 6:10 p.m. EST, topping the trending charts on CoinGecko. top 1 trending on coingecko? $HAMMY pic.twitter.com/8SB6jO0mxB — Higher (@0xXochitl) July 26, 2024 Sad Hamster Price Review: Where is HAMMY Headed? Looking at an in-depth Analysis , we see that the Sad Hamster price has recently spiked, reaching a high of $0.02527 and then retracing slightly. The current price shows a slight upward movement from its recent low of $0.02508. The Alligator indicator lines are intertwined, suggesting that the market might be consolidating. The recent price movement is above the Alligator’s lips, teeth, and jaw, which might indicate a potential bullish breakout if the price sustains above these levels. The volume shows a spike correlating with the price surge, indicating strong buying interest during the price increase. However, volume has slightly decreased during the consolidation phase. On the other

Crypto analyst RLinda has revealed that XRP is showing impressive strength despite the decline in Bitcoin and Ethereum’s price. She explained why XRP suddenly has such a bullish outlook, considering that the crypto token has underperformed since the start of the year.  XRP Is The “Strongest” In The Market RLinda mentioned in a post on TradingView that XRP is the strongest in the market. She noted that the crypto token has been holding quite well as traders and investors are again becoming bullish on XRP due to its “improving fundamental backdrop.” She alluded to the long-running legal battle between the US Securities and Exchange Commission (SEC) and how Ripple CEO Brad Garlinghouse recently stated that he expects the lawsuit to end “very soon.” Related Reading Crypto Analyst Says Bitcoin Is Headed For $260,000 But This Must Happen First 20 hours ago