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Bitcoin Reigns Supreme in NFT Market With Record-Breaking $853 Million in December Sales

Bitcoin Continues to Dominate NFT Sales With $853 Million in December In November, Bitcoin claimed the top spot in monthly non-fungible token (NFT) sales, and in December, it maintained its position by achieving a remarkable $853 million in sales. This demonstrates Bitcoin's strong presence and influence in the NFT market. NFT Sales Surge, December Sets […]

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The Decline of BONK: A Look at the Recent Performance of the Meme Coin

The meme coin phenomenon has taken the cryptocurrency world by storm, with BONK (BONK) capturing the attention of users on the Solana network. However, in recent weeks, the cryptocurrency has witnessed a significant decline, raising questions about its future trajectory. A Steep Decline In the past fortnight, BONK has experienced a 41% drop in value,

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Ark Invest CEO Cathie Wood Foresees Widespread Institutional Involvement in Bitcoin ETFs

Ark Invest CEO's Optimistic Outlook on Bitcoin ETFs Cathie Wood, the CEO of Ark Investment Management, believes that institutional investors will embrace spot bitcoin exchange-traded funds (ETFs) once they are approved by the U.S. Securities and Exchange Commission (SEC). In a recent interview with Yahoo Finance, Wood expressed her perspective on the potential impact of

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Former SEC Official Warns Spot Bitcoin ETFs Will Create ‘Wall Street Fee-Sucking Scam of Epic Proportions’

The former head of internet enforcement at the U.S. Securities and Exchange Commission (SEC) has raised concerns about spot bitcoin exchange-traded funds (ETFs), stating that they will give rise to another massive investor scam driven by Wall Street fees. Additionally, he emphasized that these ETFs are likely to be the most centralized crypto mechanism imaginable.

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Microstrategy Acquires More Bitcoin, Raising Total Holdings to 189,150 BTC

Nasdaq-listed company Microstrategy has made another significant acquisition of bitcoin, purchasing an additional 14,620 BTC for approximately $615.7 million. This latest purchase has raised Microstrategy's total holdings of the cryptocurrency to 189,150 BTC, which were acquired at an average price of $31,168 per coin, amounting to around $5.9 billion. The executive chairman of Microstrategy, Michael

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Solana DEX Platforms Surpass Ethereum in Market Performance

Solana DEX Platforms Outperform Ethereum Recent statistics have revealed a remarkable development in the cryptocurrency market. Decentralized exchange (DEX) platforms built on Solana have surpassed Ethereum in terms of market performance. Over the past week, Solana-based DEX platforms achieved a trading volume of $1.447 billion, overshadowing the $1.282 billion recorded by Ethereum trading platforms. Price

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2023: A Year of Soaring Valuations and Volatile Futures in the Crypto Market

Introduction This year has witnessed a remarkable surge in the cryptocurrency market, with its total value increasing from $827 billion in December 2022 to an impressive $1.736 trillion at present. Throughout this period, numerous cryptocurrencies have experienced significant growth. In this analysis, we will delve into the top performers and underperformers in the crypto economy

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Argentina Allows Financial Contracts to be Denominated in Bitcoin

Introduction Argentina's Foreign Minister, Diana Mondino, has announced that financial contracts in the country can now be denominated in Bitcoin. This move is seen as a step towards fulfilling President Javier Milei's promises, including dollarization of the economy and abolition of the central bank. The decision allows residents to settle contracts with any medium of

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