SHIB gains overwhelming attention due to hike in token burn rate
CryptoNewsZ
by Scott Cook
5h ago
Shiba Inu (SHIB) meme coin receives much attention owing to its overwhelming jump in its token burn rate to 3,900%. This is according to Shibburn, a platform meant for monitoring the burning of SHIB tokens. The pricing of SHIB, too, has seen a rise.  The increase in Shiba Inu’s burn rate is attributed to immense ..read more
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Speculations are rife regarding Bitcoin breaking the $74K mark
CryptoNewsZ
by Trevor Holman
6h ago
With Bitcoin prices hovering around $74,000 this month and with increased demand, rumors are circulating that it will shatter its own record in the upcoming days. According to certain analysts with QC Capital, there is a strong demand for bitcoin call option purchases in the current month, pointing towards a further increase in its prices ..read more
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Gensler asserts: Disclosures alone fail to shield crypto exchanges
CryptoNewsZ
by Scott Cook
6h ago
SEC Chair Gary Gensler has issued a stark warning to the cryptocurrency industry, asserting that disclosures alone are not enough to ensure the safety and integrity of crypto exchanges. Gensler’s remarks highlight the growing concerns among regulators about the adequacy of current oversight mechanisms in addressing the risks associated with digital asset trading platforms. Gensler ..read more
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A new look at privacy apps in context of Mina Mainnet upgrade
CryptoNewsZ
by Trevor Holman
7h ago
Mina, the zero knowledge-backed blockchain, is unusual for several reasons. It uses zk SNARK proofs to maintain a consistent size of 22 kilobytes, and effective verification and minimum storage requirements are the primary objectives of this design. The proofs produced are kept on the mainnet of Mina and are computed offchain. Because the blockchain rolls ..read more
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McDonald’s launches “My Happy Place” metaverse in Singapore
CryptoNewsZ
by David Cox
7h ago
The renowned American fast food chain McDonald’s launched the “My Happy Place” metaverse in Singapore in collaboration with Bandwagon Labs. Bandwagon Labs is the metaverse wing of Bandwagon, a top entertainment media technology organization.  McDonald’s and Bandwagon Labs are both highly enthusiastic about developing an in-app virtual environment for their customers. The metaverse’s creative canvas ..read more
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Stacks (STX) breaks a major resistance level
CryptoNewsZ
by Roxanne Williams
7h ago
Stacks ($STX) was trading within a confined range of $1.675 and $2.135. It has finally broken out of that range to mark a surge of 6.38% in the last 24 hours and 24.87% in the last 7 days. The token value is $2.37 at the time of writing this article. The community is speculating that ..read more
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Lift Dollar, a new stablecoin from Paxos International
CryptoNewsZ
by Scott Cook
9h ago
The new project exemplifies Paxos International’s dedication to supporting widespread stablecoin usage and industry expansion. The most notable advantage of the new offering is that investors will profit from the yield obtained on reserves. The new product introduction serves to solidify Paxos International’s status as the most sought-after stablecoin innovation platform. Paxos International is an ..read more
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Solana surges amid memecoin activity and DeFi
CryptoNewsZ
by Trevor Holman
9h ago
Solana ($SOL) was seen marking an uptick of 5% amid a rise in trading activities. It pertains to an increase in interest in meme coins. The scenario affects Solana because it demonstrates its ability to handle a larger number of transactions with scalability. Other factors that have contributed to Solana’s growth include a rise in ..read more
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ByBit appears to enable registrations and authentications in China
CryptoNewsZ
by David Cox
9h ago
According to Wu Blockchain, a news organization based on social media, users in China can now use Bybit’s registration and authentication services to proceed with know-your-customer processes on the platform. They can do this by submitting their ID, passport, driver’s license, or residency permit.  China was not included in the list of restricted regions for ..read more
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NEX is now a formal participant in the Chainlink BUILD program
CryptoNewsZ
by Roxanne Williams
9h ago
In order to advance the ecosystem’s overall expansion, NEX collaborates with the Chainlink BUILD program. This will be accomplished by obtaining the necessary technical assistance and the availability of Chainlink’s oracle solutions. Additionally, the promotion of the development of enhanced crypto economic safety factors will be implemented. As a result, NEX will be committed to ..read more
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