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The cryptocurrency market has seen a dramatic sell-off recently, with popular meme coins Pepe, Bonk, and Floki taking a significant hit. The sharp declines in their value have left many wondering if this could signal the end of the meme coin craze. As these coins plummet in value, it raises important questions about the future of speculative tokens in the …
Business
December, 2024
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20 December
Solana DApp Revenue Explodes 15x in 2024 – Driven by Meme Coins and DeFi”
The Solana blockchain has experienced a remarkable surge in decentralized application (DApp) revenue in 2024, posting a 15-fold increase compared to previous years. This explosive growth is largely driven by the rise of meme coins and the burgeoning decentralized finance (DeFi) sector. As the ecosystem matures and more users and developers flock to Solana, the platform is positioning itself as …
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20 December
XRP’s Price Crash Foretold by Funding Rate – Will ETF-led Institutional Adoption Change the Game?
The recent dramatic price crash of XRP was not entirely unexpected, as market analysts had long been tracking changes in the funding rate to predict volatility. However, while the short-term outlook may seem bleak, there is a potential silver lining on the horizon—ETFs (Exchange-Traded Funds) focused on cryptocurrencies could lead to a wave of institutional adoption, potentially stabilizing and even …
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20 December
Worldcoin Faces Data Deletion Over GDPR Violations, German Watchdog Orders
The German data protection authority, the Federal Commissioner for Data Protection and Freedom of Information (BfDI), has issued a directive to Worldcoin, demanding the deletion of non-compliant data collected from users. The order cites violations of the General Data Protection Regulation (GDPR), raising concerns about the security and legality of the biometric data used in Worldcoin’s iris scanning technology. This …
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20 December
Survey: Brazilians Pour 7% to 35% of Assets into Cryptocurrency
A recent survey conducted in Brazil reveals that a significant portion of the population is investing a substantial portion of their assets in cryptocurrencies. The study, which polled thousands of Brazilian investors, found that between 7% and 35% of their total assets are being allocated to digital currencies. This trend reflects the growing popularity and acceptance of cryptocurrencies in the …
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20 December
Investors Demand Justice After 90% Crash in HAWK Token Value
In a dramatic turn of events, investors who lost $151,000 following the 90% crash of the $HAWK token have filed a lawsuit against its creators and promoters. The sudden and significant devaluation of the cryptocurrency has sparked outrage among those who were caught off guard by the rapid decline. This legal action underscores the growing concerns about the volatility and …
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20 December
Crypto.com and Formula 1 Secure Continued Collaboration Through 2023
Formula 1 has announced an extended partnership with Crypto.com, securing a continued relationship through the 2023 season. The collaboration, initially launched in 2021, has proven to be a significant opportunity for both brands to expand their reach among global audiences. As part of the agreement, Crypto.com will continue to benefit from exclusive branding rights and various promotional opportunities throughout the …
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20 December
Japan’s Crypto Tax Push Faces Prime Minister’s Skepticism
In Japan, the ruling party’s drive for cryptocurrency tax reform continues to face skepticism from Prime Minister Fumio Kishida. Despite strong lobbying efforts from within his own ranks, the government appears cautious about the potential implications of changes to the tax system for digital assets. As Japan strives to strike a balance between fostering innovation in the crypto space and …
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20 December
El Salvador to Persist with Bitcoin Purchases Despite IMF Warnings
El Salvador’s ambitious decision to embrace Bitcoin as a legal tender has been met with a mixture of enthusiasm and concern both domestically and internationally. Despite warnings from the International Monetary Fund (IMF) and other financial bodies about potential risks and the lack of regulatory safeguards, the Salvadoran government has made it clear that it will continue to acquire Bitcoin …
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20 December
Crypto Carnage: Over $1B Wiped Out Amid Fed’s Hawkish Stance
The cryptocurrency market faced a severe downturn, with over $1 billion in liquidations as investors reacted to the Federal Reserve’s hawkish signals. This latest sell-off highlights the market’s vulnerability to macroeconomic shifts and the growing influence of central bank policies on digital assets. The Fed’s Hawkish Signal During a recent policy meeting, the Federal Reserve reaffirmed its commitment to controlling …