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Due to its predictability, cryptocurrency investors often overlook Bitcoin (BTC) supply inflation. Understanding that predictable inflation still has economic effects can leverage investment results in this market. In particular, Finbold looked into Bitcoin’s supply inflation from a different perspective. We aimed to understand the practical effects of these economics and provide valuable insights for BTC holders. This is achieved by calculating the exact price Bitcoin would trade if it ever hits its highest market cap. Proportionally, a commodity’s inflationary supply requires more demand in order to keep its same value (or price ). These two factors influence whether a commodity price rises or falls. Each cryptocurrency, including Bitcoin, has its unique economic structure. Notably, Bitcoin had an all -time high market cap of $1.302 trillion on November 10, 2021, according to TradingView ’s index. Meanwhile, BTC was trading for as high as $68,789, as registered by CoinMarketCa...

Data shows XRP traded at around $0.5 in November 2018 and remains around $0.6021 today. XRP has performed poorly in the last five years in comparison to BTC, ETH, ADA, and LTC. Bill Morgan disagrees that Ripple’s monthly escrow XRP release contributed to XRP’s five-year underwhelming performance. Legal expert Bill Morgan has countered the view that Ripple’s monthly escrow XRP release contributed to XRP’s underwhelming price performance in the last five years. The recent conversation around XRP’s five-year-long poor performance erupted after a crypto enthusiast posted a comparison of XRP’s 2018 price with other prominent competing crypto projects. Per the image, as confirmed by data from authoritative sources like CoinMarketCap, XRP traded around $0.5 in November 2018. With XRP’s price around $0.6021 today, it implies the digital asset has grown by only 20% all through the last five years.  XRP’s price today five years ago | CoinMarketCap On the other h...

Bithumb introduces Big Time’s token BIGTIME and StormX’s token STMX to the Korean crypto market. Trading for the tokens will be facilitated via the ERC-20 network. BIGTIME has shown a surge of 4.14% and STMX 2.16% following Bithumb’s announcement. The popular virtual assets BIGTIME and STMX have landed in the South Korean crypto market via a leading local crypto exchange, Bithumb. In an official post, Bithumb announced that users could trade both tokens starting November 30 via the supported ERC-20 network. Big Time is a multiplayer action RPG gaming platform where players can enjoy virtual adventures across time and space. It is also a play-to-earn blockchain gaming space featuring NFTs. BIGTIME is the cryptocurrency that drives Big Time’s gaming ecosystem. It is used for various in-game transactions, purchases, and activities. Currently, BIGTIME is trading at a price of $0.2151 (277.68 won), showing a substantial increase of 4.13% following Bithumb’s announ...

Copper plans to use its arm in the United Arab Emirates, Copper Securities, to capitalize on the demand of institutional investors. London-based crypto trading firm Copper plans to start offering tokenized securities early next year, according to reports on Nov. 29. Under the leadership of former British Chancellor Phillip Hammond, the company expects to capitalize on institutional investors' demand. The service is expected to be first rolled out in Abu Dhabi, United Arab Emirates, by its new arm in the country, Copper Securities. The company is reportedly in the process of securing regulatory approval from local authorities. Copper plans to use blockchain technology to provide securities financing and other payment solutions to institutional clients over the coming months. More than 90 markets around the world will be accessible through the new platform, said the company. Copper acquired its securities arm earlier this year with the goal of offering tokenized securities wi...

“You can agree to have your account migrated to Blockchain.com or close your account instead,” the company wrote. United States personal finance company SoFi Technologies will end crypto trading services for its users by Dec. 19. According to the Nov. 29 announcement, new crypto account openings on SoFi are suspended immediately. All existing SoFi crypto users must either migrate their accounts to Blockchain.com or close them. In addition, customers residing in Hawaii, Louisiana, New Jersey, Nevada, Tennessee, Texas or Virginia must liquidate certain altcoins unsupported on Blockchain.com prior to account transfers. New York clients of SoFi crypto must close their accounts by January 2024 due to the unavailability of Blockchain.com in the state. The company did not state a reason for ending its crypto services . However, reports have suggested that the sector is facing wider scrutiny from banking regulators. The decision to end SoFi’s crypto currency accounts does not impact oth...

SIBAN president Obinna Iwuno stressed the necessity of establishing a forward-thinking regulatory framework to accelerate the infusion of blockchain technology into diverse sectors of the economy. A stakeholder in the blockchain and fintech ecosystem has called on the Federal Government of Nigeria to implement regulations that will foster the widespread integration of the approved blockchain policy in the country. The National Blockchain Policy offers economic growth, job creation, and financial inclusion potential.  The President of the Stakeholders in Blockchain Association of Nigeria (SIBAN), Obinna Iwuno, recently stated this during an interview at the National Information Technology Development Agency and Stakeholders in Blockchain Technology Association of Nigeria Stakeholders’ Policy Dialogue held in Lagos. Iwuno stressed the necessity of establishing a forward-thinking regulatory framework to accelerate the infusion of blockchain technology into diverse sectors of the eco...

Bloomberg analyst James Seyffart believes that the US Securities and Exchange Commission (SEC) could approve all applications for the instrument at once in Jan. 2024. In his opinion, this is indicated by the collection of opinions on the application to launch a spot Bitcoin ETF by Franklin Templeton and Hashdex, meaning that every applicant needs to be lined up for potential approval by the Jan. 10, 2024 deadline. Okay. This delay on @hashdex all but confirms for me that this was likely a move to line every applicant up for potential approval by the Jan 10, 2024 deadline. https://t.co/ZKmVSOQExk — James Seyffart (@JSeyff) November 28, 2023 The expert posted an update on the filing noting that while the SEC was very early on the Franklin case, in fact, they were not supposed to make a different decision until Jan. 1. Additionally, it is notable that Franklin is the only issuer that has not yet filed an updated S-1. You might also like: Best crypto ETF by performance...

Trading crypto online requires precision and the ability to manage risk effectively. The markets are challenging enough; one needs to understand the dynamics of various altcoins, navigate significant volatility, and make moves that must be executed in seconds. Having a supportive brokerage platform is the least you could ask for. 1ex Trading Board aims to be the co-pilot for traders and uses intelligent AI-powered analysis to provide market insights. Additionally, successful trading requires every trader to incorporate risk management strategies into their journey. Disregarding market risk exposes crypto traders to the threat of liquidations and deposit losses. Case in point: on Oct. 10, 2023, Ethereum saw a sharp price decline, triggering over $1 billion in ETH liquidations across various exchanges. Traders incurred losses exceeding $30 million, with those holding long positions bearing the brunt of this downturn. Accurate data on price movements is crucial to mitigating such ...

Author: Bitrace Source: https://mp.weixin.qq.com/s/gXWYpevDJQrkb26cx96XUg As the gateway to the onchain ecosystem, wallets serve not only as storage for digital assets but also as the primary space for users to interact with various decentralized financial products (DeFi). Traditional Web3 wallets, such as MetaMask, imToken, and TokenPocket, often operate independently of centralized trading platforms. However, with mainstream trading platforms introducing built-in Web3 wallets to seize future user traffic, the boundaries between centralized exchanges and decentralized Web3 are gradually becoming blurred. The launch of Web3 wallets by platforms like OKX and Binance signifies the integration of Centralized Finance (CeFi) and DeFi as an industry trend. However, while breaking down the barriers between on-chain and real-world assets, it also shortens the path for cryptocurrency criminal groups, reduces the cost of trust-building, and exacerbates fraud risks. This article aims to reveal th...

Key takeaways Shiba Inu is down by 4% over the last seven days as the market undergoes a correction. Shiba Memu’s presale has now raised more than $4.6 million as more investors troop in. The cryptocurrency market is undergoing a slight correction after its excellent performance in recent weeks. However, Shiba Memu’s presale continues to hit new highs.  Shiba Inu could slip below $0.000008 SHIB, the native token of the Shiba Inu ecosystem, is down by 4% over the last seven days. The poor performance comes as the broader cryptocurrency market undergoes a correction. At press time, the  price of Shiba Inu stands at $0.000008077 per token . If the bearish trend continues, SHIB could drop below the $0.000008 level in the near term.  What is Shiba Memu? Shiba Memu is a new Web3 project that is launching as a meme token. The project continues to attract interest from investors as the broader cryptocurrency market continues to r...

A closely followed crypto analyst says that close to $1 billion worth of Bitcoin (BTC) has been pulled from crypto exchanges in recent weeks as deep-pocketed investors simultaneously stockpile Ethereum (ETH) and XRP. Crypto analyst Ali Martinez says on the social media platform X that market participants have been yanking large amounts of BTC from crypto exchanges in the last two weeks. “Around 25,000 BTC have been withdrawn from known crypto exchange wallets in the last two weeks, worth nearly $1 billion!” Source: Ali Martinez/X Bitcoin is trading for $37,215 at time of writing, a 1.5% decrease during the last day. Martinez goes on to note that crypto whales have given more attention to Ethereum. According to the analyst, for the first time in nine months, high-net-worth traders have been accumulating ETH, signaling a possible upcoming rally. “For the first time in nine months, whales have been on a steady ETH accumulation spree for nine consecutive days. The...

Hex and PulseChain founder Richard Heart was scheduled to appear in court via teleconference on Tuesday, November 28 as part of a billion-dollar lawsuit by the Securities and Exchange Commission (SEC) — but a Sunday filing says the SEC has yet to properly serve him. The SEC charged Richard Heart, née Richard Schueler, with civil fraud at the end of July. According to the commission, Heart and PulseChain defrauded investors by misappropriating funds — using at least $12 million to buy personal luxuries. Heart, PulseX, and Pulsechain have also been accused of committing a variety of legal violations, including offering unregistered securities to US investors. Heart was meant to be served via the Ministry of Justice of Finland, since he resides in Helsinki. At press time, however, the SEC still hasn’t heard back. “To date, the Commission has not received confirmation of service of process on Defendants in Finland pursuant to the [Hague Service] Convention,...

The co-founders of crypto media Bankless are seeking to separate their brand from BanklessDAO some two years after the launch of DAO. Amid the ongoing controversy around cryptocurrency media Bankless and the associated decentralized autonomous organization (DAO), BanklessDAO, the founders of Bankless have suggested separating the brand from the DAO. Bankless co-founders David Hoffman and Ryan Sean Adams plan to submit a governance proposal to BanklessDAO to separate the two entities. The co-founders took to X (formerly Twitter) on Nov. 26 to announce that they also plan to burn all of their BanklessDAO (BANK) tokens on the back of this proposal. Hello CT To lead with the obvious, we could be better in accepting criticism of @BanklessHQ. I hold Bankless very dear, and I've got an innate reflex to protect it when I see it being unfairly attacked. This clouds my ability to hear what CT is trying to tell me,… pic.twitter.com/7L5ufQ1bAu — DavidHoffman.eth (@TrustlessState) Novem...

Shiba Inu, a notable meme coin and the second-largest in the cryptocurrency space, has become well-recognized within the community. The team behind SHIB has shown dedication to its growth, exemplified by initiatives like the Shiba Inu Burn program. The Shiba Inu burn rate has garnered attention due to its fluctuating patterns. Some days experience significant increases, while others show a decline. However, the burn rate, which was showing recovery over the past few months, has reversed course. According to the latest details from Shibburn’s Twitter account, the burn numbers have gone down to 49,691,122 SHIB in the last seven days. In the last 7 days, there have been a total of 49,691,122 $SHIB tokens burned and 26 transactions. #SHIB pic.twitter.com/j1UAAf2coX — Shibburn (@shibburn) November 26, 2023 Shiba Inu burn rate dropped in the last seven days Details from the tweet reveal that 49,691,122 SHIB were sent to dead wallets in the last...

Former New York Stock Exchange (NYSE) President Tom Farley is the latest figure in the financial world to discuss the potential impact of a spot Bitcoin Exchange-Traded Fund (ETF) approval on the crypto industry. This comes when there is growing speculation about the possible product approval by the United States Securities and Exchange Commission (SEC), a factor partly contributing to Bitcoin’s (BTC) bullish sentiment. In an interview with CNBC on November 21, Farley stated that the approval will likely lead to money flood ing into the crypto space, noting that people believe in Bitcoin while terming it ‘a great invention.’ Addressing the significance of Bitcoin, Farley expressed confidence in its status as a non-security, a sentiment echoed by regulators. This distinction, he believes, could expedite the approval process for a Bitcoin ETF, which the crypto community has long awaited.  “The thing about Bitcoin that gives me some optimism is that ev...

In the statement, Arthur Hayes encouraged fellow Bitcoin enthusiasts to stay focused, highlighting a significant uptick in dollar liquidity. Arthur Hayes, co-founder of BitMEX, provided perspectives on a potential Bitcoin surge on the X platform. Alongside a chart depicting net Reverse Repurchase Agreement (RRP) and Treasury General Account (TGA) balance changes, the message specifically referred to Treasury Secretary Janet Yellen as “Bad Gurl Yellen.” In the statement, Arthur Hayes encouraged fellow Bitcoin enthusiasts to stay focused, highlighting a significant uptick in dollar liquidity. He proposed that Bitcoin (BTC) will likely mirror the rise in dollar liquidity, anticipating a positive trajectory in its price. The displayed chart illustrated the net variations in RRP and TGA balances, indicating a possible link between heightened liquidity and the positive movement of Bitcoin. Getting my feet did and observing how Bad Gurl Yellen is busy pumping financial assets. Don’t get dis...