Author: Kent Tenix

The cryptocurrency community had a heated debate about the memcoins that contain offensive and racist language at the recent BUIDL Asia Summit in Seoul. Crypto Debate Starts Due to Offensive Solana Memecoins Some people find a growing number of tokens with names and marketing offensive or unpleasant. This small part of the cryptocurrency industry is recognized for its lighthearted and humorous take on famous culture. During the panel talk, experts and financiers, including members of Solana Foundation, spoke about this issue. They questioned whether DeFi exchanges and apps should be able to remove these unpleasant tokens on their own. Austin…

The cryptocurrency market has an equal number of gainers and losers every day, as it provides equal gaining opportunities to all its users and investors. Some of the users make millions from their capital, and some just turn their capital into ashes and miss opportunities. During the bullish run in the market, the number of gainers increases, and in the bearish run, most of them lose, and vice versa. Introducing meme coins to the market raises new hope for the investors, as they believe either they can make it or break it. Missed Opportunity: Selling Early Cost Investor $12M In…

NFTs are a new and old technology, gaining a lot of attention in the world of blockchain and cryptocurrency. Here a question arises: what are NFTs? And how are they different from other currencies? NFT, also referred to as a non-fungible token, is built on top of blockchain technology. Unlike other cryptocurrency tokens like Ethereum and Bitcoin, it cannot be traded with other tokens as they are not interchangeable, and these tokens are ideal for representing ownership of your digital asset. Creators have the best benefits of NFTs, as they receive a small amount whenever someone sells or purchases them.…

Traders are thinking about using Bitcoin; Bitcoin Revolution: Who Adopts Cryptocurrency in 2024? Big companies might be wondering who accepts it as a payment. Bitcoin is not widely used since it is still new. Several firms are concerned that its value will fluctuate dramatically. As a result, it should come as no surprise that few places have accepted it yet. Bitcoin has been around for only 12 years, but more and more businesses are beginning to accept it as a mode of payment, Whether it is Sub-Stock, Microsoft, Tesla, or the entire country of EI Salvador, making purchases with Bitcoin…

The Shiba Inu tokens are once again getting a lot of attention in the meme coin community because the Shiba Inu burn rate has gone up by 2,300%. This increase has also caused the price of SHIB to bounce back strongly after it dropped a lot last week because many people were selling to make money. Shiba Inu Burn Rate Skyrockets by Over 2,300% According to Shibburn, Shiba Inu’s burn tracker, the burn rate of SHIB surged by more than 2,300% in the last 24 hours. The increase in the burn rate resulted in the burning of 195 million SHIB…

Bitcoin’s value has surged to $61,908. Concerns about mining centralization are rising, especially with the impending halving event. Industry experts worry that the upcoming Bitcoin halving and mining event may worsen the trend towards centralization. The Bitcoin halving, which reduces block rewards, could render older mining equipment unprofitable. Consequently, this could concentrate hashing power among fewer miners. The trend toward mining pool centralization has been clear in recent years. The halving could speed up this process. Historical data from btc.com shows that from 2016 to 2021, the top two mining pools had 30–40% of the hash rate. More alarming is…

On Sunday, February 25, 2024, Bitcoin did well, rising 1.15% to trade at $51,671. At the same time, the Texas Blockchain Council and Riot Platforms had a big legal win. They won against US energy regulators. This victory secured a temporary order. It highlighted the ongoing debate about rules for cryptocurrency mining. Meanwhile, in Nigeria, there’s a call for clearer rules. The goal is to ease worries and help the cryptocurrency industry grow. This highlights how complicated it is to manage cryptocurrencies globally.With these changes, people are closely watching BTC’s price. It seems cautiously positive for now, depending on certain…