Tag Archives: Crypto Bits

TL;DR BitMEX is delisting ten perpetual swap contracts, including FLOKI/USD and FLOKI/USDT, due to “insufficient trading interest.” Despite the delisting, Floki Inu’s (FLOKI) price increased by around 3% in the past 24 hours, outperforming other major memecoins like Dogecoin and Shiba Inu. Floki Inu is among many memecoins in the market, known for their high volatility; investors are cautioned about potential risks due to some having minimal real-world use cases. FLOKI Takes...

TL;DR Shiba Inu’s layer-2 scaling solution, Shibarium, recently surpassed 3.5 million total transactions and 1.2 million total blocks less than two months after its launch. There was a 45% reduction in new daily transactions and the number of active accounts decreased from 789 to 584 within a 24-hour period. Shibarium’s Marketing Strategist believes initial “hype” investors have moved on. Shibarium’s development is viewed as crucial for Shiba Inu’s price. However, despite its...

TL;DR False reports claimed the SEC approved BlackRock’s BTC ETF, but the SEC cautioned against unverified sources. US attorney John E. Deaton criticized the SEC, referencing court opinions that have deemed the agency’s actions inconsistent. The SEC has had multiple legal confrontations with crypto entities, including losses to Ripple and Grayscale and lawsuits against Binance and Coinbase. The SEC is ‘Arbitrary and Capricious’ The breaking reports from yesterday (October...

TL;DR Xsolla, a gaming company, integrates XRP payments for games like Smite and Roblox through BitPay. XRP’s price surged 70% after a partial court win against the US SEC, peaking at $0.85. Post-ruling, major exchanges like Crypto.com and Coinbase re-listed XRP, boosting its prominence in the US crypto market. XRP Adoption on the Rise Ripple’s native token – XRP – has been the subject of mass adoption recently, with numerous companies allowing clients to pay for services in...

TL;DR The Shiba Inu community faces warnings about a fake airdrop from a malicious Shibarium tech channel. Scammers exploit the memecoin’s branding for fraudulent schemes, prompting cautionary advice on connecting wallets to unfamiliar decentralized apps. A SHIB-related token, Calcium (CAL), is flagged as having no future value by a Shiba Inu developer. ‘Stay Safe’ The Shiba Inu community received another stark warning that could prevent investors from becoming victims of...

TL;DR SBF Trial reveals manipulation of Alameda’s funds, resulting in $10 billion in outstanding loans. Scheme involving frozen Chinese government funds explored, including negotiation, using crypto addresses, and bribery. Ellison exposes attempts to use Saudi Crown Prince’s money, image concerns, doctored balance sheets, and FTX’s insolvency, raising industry regulatory and investor confidence questions. The SBF Trial just got crazier this week, as a lot of unexpected...

TL;DR Recent data suggests XRP adoption is still in early stages, with over 3.6 million wallets holding less than 500 XRP; around 17% of total XRP wallets (4.8 million) were created since the start of 2023, indicating rising interest. Large investors, or “whales,” have been accumulating XRP, with their holdings representing 27% of the total circulating supply, up from a previous value of $7.16 billion in October 2022. Analysts are optimistic about XRP’s future value,...

TL;DR Loom Network (LOOM) saw a 30% price surge, reaching a 5-year high of $0.28, possibly influenced by an Upbit investor purchasing over 21M LOOM worth around $6 million. This investor now holds 653 million LOOM assets, equating to 50% of the total circulating supply. Major cryptocurrencies like Bitcoin, Ether, and others are on a decline, with global market capitalization dropping below $1.1 trillion. The cryptocurrency market seems to be in a bearish mode, but a few...

TL;DR BitPay now allows users to purchase tickets for Taylor Swift’s upcoming “Eras Tour Movie” concert using various cryptocurrencies, including XRP, SHIB, BTC, and ETH. To buy tickets, users should visit the AMC website, select the desired concert, and choose the crypto payment option during checkout. Increasing adoption of cryptocurrencies like XRP and SHIB may lead to a potential price rally, despite their recent price dips. Buying Tickets in Crypto The cryptocurrency...

TL;DR The crypto sector anticipates the US SEC’s decision on spot Bitcoin ETFs from top finance companies. Crypto Rover points to the date as the SEC’s appeal deadline for Grayscale’s ETF, suggesting possible approval for all Spot ETFs if untouched. Industry figures, including Cathie Wood, speculate that the SEC could simultaneously greenlight multiple spot BTC ETF applications. Friday the 13th Seems Like a Pivotal Date It is safe to assume that most cryptocurrency...