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Dogecoin (DOGE) is the original memecoin that took off in 2021. However, the asset took almost eight years to reach its all-time high. DOGE went live in 2013 and has risen by many thousand percent since. In its decade-long history, DOGE has come a long way. Many early investors made millions in returns. If you had invested $100 monthly in Dogecoin (DOGE) from December 2013 till the asset reached its 2021 peak in May 2021, you would have put in $8,000. However, the portfolio’s value would have skyrocketed to $13.34 million, increasing by around 151,521%. Source: CryptoDCA Also Read: Shiba Inu vs. Dogecoin : Google Bard AI Picks 2024 Winner Moreover, if you had continued to invest $100 monthly in Dogecoin (DOGE) till today, you would have put in $12,200. The portfolio’s value, in this case, would have increased to $1.9 million, growing by about 15,987%. Source: CryptoDCA In both instances, we see the power of dollar cost averaging, leading to high returns. ...

Bitfinex Securities debuts as El Salvador’s first licensed digital asset service provider , aligning with the country’s pioneering Bitcoin-focused financial initiatives. The securities token platform, gearing up for a dynamic phase, is now open to customer applications. This development is accompanied by the anticipation of numerous tokenized financial asset issuances, expected to hit the market in the first half of this year. Bitfinex Securities CTO Paolo Ardoino expressed enthusiasm about the launch in El Salvador, highlighting the country’s unique position due to its adoption of Bitcoin as legal tender and efforts to nurture a Bitcoin-centric economy. Ardoino believes the move will benefit Bitfinex and enable El Salvador to attract global investment through competitively priced securities offerings. You might also like: Coinbase challenges SEC’s rejection of digital asset rulemaking petition The company’s optimism is partly fueled by the succ...

The UK’s approach to a potential digital pound is drawing significant attention, particularly regarding privacy concerns.  The Bank of England (BoE) and the Treasury, in their response to the extensive 2023 consultation, have highlighted a robust framework to ensure that privacy and user rights are at the forefront of this digital currency initiative. Crypto industry insiders, including legal and technical experts, have expressed cautious optimism about the government’s approach to privacy in an exclusive CoinDesk report. Jannah Patchay, from the Digital Pound Foundation, commended the government for recognizing privacy concerns at every stage. This sentiment reflects the already widespread concern among respondents and industry participants alike that neither the bank nor the government should access personal data. The consultation, which saw over 50,000 responses, echoed a unanimous sentiment: the need for a secure and private digital currency system. Ackno...

After the landmark approval of Spot Bitcoin ETFs in early January, the new products have performed very well thus far. In particular, Grayscale’s Bitcoin ETF has dominated the field in terms of daily trading volume. However, for some time this week, BlackRock and Fidelity ’s Bitcoin ETFs were closing in on Grayscale in terms of DTV. As the market closed on Tuesday, BlackRock and Fidelity had generated $383 million and $288 million in trading volume, respectively, according to data from Yahoo Finance. Grayscale remained in first place again with $396 million. During the first hours of trading, however, BlackRock and Fidelity both led Grayscale in terms of daily volume. Also Read: Harvest Files First Spot Bitcoin ETF Application in Hong Kong The three Bitcoin ETFs have dominated over three-quarters of the trading volume of the product since it was approved. Others, such as spot bitcoin ETFs offered by Invesco and Galaxy, Franklin Templeton, and Ark Invest h...

The Solana price is up 6% in the last 24 hours to trade for $103.38 as of 6:15 a.m. EST time on trading volume that surged 26%. SOL is making a comeback, steered by the hype around altcoins running on its blockchain, including Wen (WEN) and JUP, the ticker for the Jupiter decentralized exchange (DEX). Regarding Wen, the network is just coming out of a WEN airdrop, with the hype around it inspiring capital overflows into the Solana blockchain. Solana-based Jupiter Exchange is launching a memecoin – $WEN. 70% of $WEN supply will be airdropped to over a million wallets that have used Jupiter in the last 6 months or hold top NFT collections. The token starts trading at 10am EST today. Have you qualified for an airdrop? pic.twitter.com/ZHxP1YfUqg — Lark Davis (@TheCryptoLark) January 26, 2024 Elsewhere, Jupiter’s JUP token has secured listing on four centralized exchanges (CEX), including Bitfinex, Bybit, XT.com and Bilaxy. The token will be available for trading o...

Invesco and Galaxy are reducing the fees of their Bitcoin ETF (BTCO). The Bitcoin ETF will charge an eventual expense ratio of 0.25% instead of 0.39% The report highlighted that the fees will be waived for the first six months, or until the fund reaches $5 billion in assets. Investment management companies Invesco and Galaxy announced on Monday that they would be reducing the fees of their Bitcoin ETF (BTCO), according to Bloomberg.  The report claimed that the Invesco Galaxy Bitcoin ETF will charge an expense ratio of 0.25%, a decrease from the original 0.39%. Moreover, the announcement highlighted that the fund’s fees will be waived for the first six months, or until it reaches $5 billion in assets.  Regardless of this fee deduction, data showed that BTCO isn’t the cheapest Spot Bitcoin ETF on the market. ETF Research Analyst James Seyffart shared a “fee table” that showed Franklin Templeton’s Bitcoin ETF charging a 0.19% expense ratio post waiver. ...

As the broader crypto sector claws back from multimonth lows, some Ripple XRP analysts are casting wildly optimistic longer-term visions. However, huge questions hang over the forecasts, eyeing hundreds of dollars per token within two decades. Crypto exchange Changelly published suggestions this week that XRP could conceivably reach between $394 and $594. Such prices represent a 78,000% leap from current levels languishing around $0.53. Achieving even the lower end of that target implies XRP market capitalization multiplying over 1,400 times to surpass $20 trillion. Presently, the entire crypto market cap totals less than $1.63 trillion. Also read: Shiba Inu (SHIB) Forecasted To Reach $0.001: Here’s When When can XRP hit $394 and $594? Changelly offers a potential timeline, with Ripple XRP revisiting $1 next year on its way to double digits by 2031. According to the analysts, XRP is likely to hit $394 by 2040. Additionally, the coin could hit $594 by 2050. When pre...

In a recent update video, Alessandro De Crypto delved into the Bitcoin Minetrix presale, addressing its current status, potential, and offering insights for investors as the final round approaches. Bitcoin is having a hard time getting back to its highest values, and big-name assets like Ethereum, Cardano, XRP, Solana, and Avalanche have also been losing value in recent days. But some assets have actually done well in this bear market, and Bitcoin Minetrix (BTCMTX) is a good example of that. Bitcoin Minetrix nears $10 million in presale – Why Alessandro De Crypto believe it will 10x The ongoing Bitcoin Minetrix presale has caught the attention of crypto fans for a while. There has been a significant increase in presale activity recently, especially as major cryptocurrencies faced challenges, showing that interest is still strong. The launch of $BTCMTX tokens is a few weeks away, making it a resilient choice in the current bear market. It’s a good idea to take advantage...

Jim Cramer warns against investing in Bitcoin and advises choosing gold. Altcoin Daily addresses Cramer’s words as his worst advice, spotting Bitcoin’s bullish future. Following the fall of GBTC’s outflow, Bitcoin surges 5%, currently trading above $42K. CNBC’s Jim Cramer recently advised the crypto community to invest in Gold instead of believing in crypto. Despite Bitcoin’s notable surges amidst a fluctuating market, Cramer warned against investing in Bitcoin. In response, Altcoin Daily, a prominent analytics platform, addressed Cramer’s words as Cramer’s “Worst Financial Advice” ever. Jim Cramer Gives Worst Financial Advice of His Life: Bitcoin, Crypto, Altcoins WATCH: https://t.co/AyY4HBExS2 pic.twitter.com/MG3qgFRssl — Altcoin Daily (@AltcoinDailyio) January 28, 2024 As per his recent CNBC video, Cramer spoke against Bitcoin’s bullish future, sharing insights on commodity broker Carley Garner’s words. Cramer cited, The charts, as interpreted by...

Ava Labs is making headlines with a new update for the Avalanche (AVAX) blockchain. The upgrade, dubbed Vryx, promises to handle an eye-popping 100,000 transactions per second (TPS). On Jan. 26, the company shared a sneak peek into this development, which is about making the blockchain run smoother and faster. AVA LABS UNVEILS VRYX SCALING SOLUTION, TARGETS 100,000 TPS ON AVALANCHE Blockchain builder Ava Labs reveals details of its scaling solution , Vryx, aimed at achieving speeds of around 100,000 transactions per second (TPS) on the Avalanche blockchain. Ava Labs plans to… pic.twitter.com/CcVblSlZoY — Mario Nawfal’s Roundtable (@RoundtableSpace) January 27, 2024 This development addresses one of blockchain technology’s most critical and long-standing challenges: scaling networks to handle larger transactions without compromising security or decentralization. Ava Labs expects to initiate this technology on the HyperSDK testnet, a toolkit for building high-performance blo...

Digital assets have become an attractive option for investors looking for promising returns. Identifying the next cryptocurrency on the brink of explosive growth requires carefully understanding market trends. Insidebitcions sifts through the crypto market to highlight specific cryptocurrencies expected to grow substantially. Next Cryptocurrency To Explode With each project harboring unique Features and promising developments, this article aims to shed light on the factors contributing to the explosive growth of these tokens. It analyzes the NEAR Protocol’s 8.91% intraday increase and the consistent uptrend in GRT’s price. Additionally, it takes a closer look at Bitcoin Minetrix, highlighting its success as a presale in the cryptocurrency space. 1. NEAR Protocol (NEAR) NEAR Protocol has been steadily gaining momentum and experienced a 19% increase in its intraday price. This follows a remarkable 300% surge since the commencement of a rally in October. Moreover, NEAR wit...

Solana meme coins have recently surged significantly, and Myro has distinguished itself with an impressive performance, reaching its all-time high recently.­­ Before delving into the Analysis and potential trajectory of Myro, let’s understand what Myro is. The Solana meme coins became popular in the crypto market after the trend of Ethereum-based meme coins and BRC-20 tokens. Myro, one of these Solana-based meme coins, is attracting attention. It got its name from Raj Gokul’s pet dog “Myro,” who is a co-founder of Solana. Myro’s goal is to create a decentralized platform for content creation and monetization. The Myro team believes that it can provide a straightforward, secure, and easily accessible meme coin for all crypto investors. Myro price prediction In December, while other meme coins on Solana, like $BONK and $WIF, were making gains, $MYRO stayed quiet. But as the new year began, $MYRO started going up and is now priced at $0.18 with ...

The US government has issued a notice on the sale of over $130 million in BTC linked to Silk Road. Court documents indicate this includes 2,874 BTC seized from drug trafficker Ryan Farace and 58 BTC from convicted law enforcement agent Sean Bridges. BTC price remained near $40k, but market is watching Ethereum, Solana. Crypto news today is dominated by the US government’s notice about its plans to sell over $3,200 Bitcoon (BTC) worth more than $130 million. Documents show that these bitcoins are part of the forfeitures related to the infamous darknet marketplace Silk Road. While the news has had no major impact on BTC price as of writing, the market is abuzz with what the outlook for the top crypto by market cap could mean for altcoins . Elsewhere, the potential resurgence in meme coins has traders eyeing the next gem. Could Memeinator (MMTR) be one of the tokens to watch ? US government to sell BTC worth $130 million On Thursday, January 25, the Un...

JPMorgan analysts said in a note on Thursday that Bitcoin’s downside pressure could be easing amid a downtrend in GBTC outflows. Grayscale’s GBTC has seen over $4.3 billion in outflows amid profit-taking. Bitcoin price hovered around $39,800 as bulls struggled to reclaim the $40k level. The selling pressure that hit Bitcoin ( BTC ) in the aftermath of the approval of spot Bitcoin ETFs has largely eased off, according to analysts at JPMorgan . A research note the analysts at the bank, led by Nikolaos Panigirtzoglou published on Thursday, suggests that the level of outflows witnessed with Grayscale ’s G BTC shows the expected profit-taking has already occurred. GBTC outflows reducing, but… On Wednesday, January 24, GBTC outflows hit $425 million for the day, a scenario Bloomberg’s senior ETF analyst Eric Balchunas said was the “lowest bleed since day one.” While still a large figure, the amount decline showed the o...

CZ’s travel to UAE was denied by a US judge despite a $4.5B Binance equity offer. Concerns over flight risk were cited due to Zhao’s substantial wealth and ties abroad. Sentencing for CZ, facing 10-18 months in prison, is set for February. Binance founder Changpeng ‘CZ’ Zhao faces a legal hurdle as a US federal judge rejects his request to travel to the UAE, despite offer ing $4.5 billion in Binance equity as security. The denial comes amid Zhao’s guilty plea to anti-money laundering charges and impending sentencing, adding complexity to his legal saga. Changpeng ‘CZ’ Zhao was pleading to travel to the United Arab Emirates for a family emergency and had $4.5 billion in Binance US equity as security. CZ’s flight risk concerns and sentencing The rejection of Zhao’s travel request underscores concerns about potential flight risks. A federal judge in Seattle had previously ruled that Zhao must remain in...

Switzerland-based crypto bank Sygnum AG has secured over $40 million in a funding round led by asset manager Azimut Holding. The Zurich-headquartered crypto -friendly bank Sygnum AG is set to double down on its acquisition plans and expansion, with the latest funding round valuing the lender at about $900 million. In a blog post on Jan. 25, the bank said it has raised $41 million against an initial target of $35 million in an interim close of its latest funding round, which is named the Strategic Growth Round. News: Sygnum raises more than USD 40 million in interim close of oversubscribed financing round. Read the full announcement here: https://t.co/v2XD4duICY #fundrasing #sygnum — Sygnum Bank (@sygnumofficial) January 25, 2024 While Sygnum did not disclose the full list of backers, it noted that the latest funding was supported by new investors and led by Azimut Holding, a global asset management group. Sygnum employees — who also participated in the funding — together ...

A ransomware group that has reportedly extorted more than $100 million in bitcoin ransom s since 2022 claims that it has hacked a large UK water firm and is holding it to ransom . Black Basta announced via its Tor site this week that it had stolen 750 gigabytes of sensitive data, including passports, driving licenses, employee information, and corporate documents from Southern Water.  As reported by Computing, Black Basta has given Southern Water six days to pay a ransom or it will publish the stolen data on February 29 . The firm says it’s aware of the leak and noted it “previously detected suspicious activity, and had launched an investigation, led by independent cyber security specialists.” We're aware of a claim by cyber criminals that data has been stolen from some of our IT systems. We currently have no evidence customer relationships or financial systems have been affected. Our services are operating normally and we've notified regulators https://t.co/jdR...

Elwood Technologies LLP, a prominent software-as-a-service platform supported by major financial entities, including Goldman Sachs , has achieved a significant milestone with authorization as a service company from the UK Financial Conduct Authority (FCA). This approval encompasses Elwood’s execution management system (EMS), specifically tailored for security tokens and derivatives, consolidating the company’s standing as a provider of institutional-grade access to digital asset exchanges and liquidity venues. FCA Approval and Adherence to Regulatory Standards The FCA’s approval establishes Elwood as one of the trailblazing digital asset technology firms authorized as a service company. This acknowledgment underscores Elwood’s dedication to meeting stringent regulatory standards akin to those prevalent in traditional finance. It further addresses the escalating demand from institutional investors for a compliant software-as-a-service (SaaS) platform for digita...