Author: e_cash_top
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PancakeSwap community passes proposal to reduce token supply by 300M
[ad_1] In a landmark decision, decentralized exchange (DEX) PancakeSwap has successfully passed a proposal to reduce the total supply of its native token, CAKE, to a maximum cap of 450 million from 750 million. The proposal, which closed on Dec. 29, garnered an overwhelming 97.88% approval rate from the voting community, reflecting a significant shift…
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Bitfinex predicts crypto market cap will double to over $3T as it continues global expansion efforts
[ad_1] Bitfinex predicts the total market capitalization of the cryptocurrency market, currently at approximately $1.6 trillion, is poised to double — potentially reaching a staggering $3.2 trillion, according to its year-end Alpha report. Despite the challenges faced in 2023, including regulatory hurdles and reputation concerns, the company remains optimistic about the resilience and potential growth…
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OKX delisting triggers price fall for privacy coins Zcash and Monero
[ad_1] The price of several privacy-focused cryptocurrencies, including Zcash (ZEC) and Monero (XMR), fell the past day after crypto exchange OKX said on Dec. 29 that it would delist them on Jan. 5 because they do not align with its listing criteria. Data from CryptoSlate shows that the entire ‘privacy cryptos’ sector witnessed a decline…
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Avalanche Foundation’s memecoin acquisition plan prompts 200% rally in meme token prices
[ad_1] Several Avalanche-based memecoins are up more than 100% today after the blockchain network’s Foundation revealed plans to start buying this class of digital assets through its Culture Catalyst initiative. Memecoin purchase goals In a Dec. 29 post on social media platform X (formerly Twitter), Avalanche Foundation said it would purchase “select Avalanche-based meme coins…
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Current Bitcoin cycle outpaces previous market trends while cautiously eyeing historical retracement risks
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…
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Bitcoin’s volatile year yields $90 billion in profits amidst $53 billion in losses
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…
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End-of-year stablecoin cap rally mirrors Bitcoin’s price uptick
[ad_1] In the crypto market, tracking the supply of stablecoins is essential for understanding liquidity trends. Stablecoins, predominantly used as trading pairs for other cryptocurrencies on exchanges, reflect the flow of funds in the market. The aggregate capitalization of the top five stablecoins – Tether (USDT), USD Coin (USDC), Binance USD (BUSD), TrueUSD (TUSD), and…
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The end-of-year decline in hash rate sparks debate over miner sell-offs
[ad_1] Quick Take With the countdown to the Bitcoin halving event of April 2024 underway, the digital asset ecosystem is witnessing notable financial shifts. The halving, designed to reduce block rewards by half, is already sparking changes in the miner balance. From an initial 1.833 million Bitcoin held in miner addresses, the balance has dwindled…
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Ark raises concern over Coinbase concentration in Bitcoin ETF filings days before potential approval
[ad_1] As the anticipation of the approval of a spot Bitcoin ETF finally comes to a head, the Ark 21Shares Bitcoin Trust has made 16 significant clarifications and additions to its S1 filing across several areas, ranging from operational processes to financial responsibilities and regulatory aspects, providing a more explicit, more detailed framework for the…
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Musk claims Tesla developing efficient ‘mini AGI’ for self-driving car future
[ad_1] Tech billionaire Elon Musk revealed that electric carmaker Tesla is developing artificial general intelligence (AGI) for its Full Self-Driving (FSD) vehicles, a significant step in achieving complete self-driving capabilities. In a Dec. 29 post on X, Must stated: “It is increasingly clear that all roads lead to AGI. Tesla is building an extremely compute-efficient…