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Meme coins tend to soar when: Bitcoin And the broader crypto market is in the green, crashing harder than average when in the red. And on Tuesday, a number of notoriously volatile crypto tokens posted huge losses after massive declines. bitcoin flash crash That caused pain throughout the market.Something like a meme coin with a high cap dogecoin (DOGE) And Ethereum-Base of Shiba Inu (SHIB)'s performance isn't too bad. DOGE was down about 6% and SHIB was down only 2% from the previous day.Bitcoin itself has fallen sharply, plummeting from more than $68,000 late Monday to nearly $62,000 by Tuesday…

A new dollar-backed stablecoin has been launched on Cardano (ADA) mainnet. Financial company Mehen launched It announced the USDM stablecoin over the weekend, noting that institutional users would spend one to two days onboarding the asset. Issuer To tell Stablecoins will “slowly arrive on-chain” this week. Megen said each USDM is backed 1:1 by U.S. dollars from U.S.-based banks. “USDM represents a paradigm shift in the world of stablecoins, bridging the gap between traditional fiat currencies and the decentralized realm of blockchain. It is backed by verifiable reserves and built on the robust infrastructure of the Cardano network. Leveraging the…

LONDON — Cryptocurrency wallet maker Ledger has announced that it plans to launch Ledger Stax, the long-awaited hardware wallet designed by iPod inventor Tony Fadell, in May.Ledger, which creates hardware and software wallets for crypto investors, first announced Ledger Stax in 2022 after crypto prices plummeted following the collapse of crypto exchange FTX.The product, seen by CNBC at the time, is about the size of a credit card and allows users to track their crypto holdings on an e-ink display, similar to the technology Amazon uses in its Kindle series of e-books. Can be tracked. book reader.Speaking to CNBC at…

Image credits: BackpackThe founders of Backpack are building a cryptocurrency exchange and wallet that has seen strong growth since its launch in 2022. However, the path was not easy. FTX co-led Backpack's $20 million strategic investment round in September 2022. Less than two months later, in November 2022, FTX went bankrupt. “We lost 80% of our working capital on FTX. We spent all our time building this protocol and it was just like a knockout on the ground. [we] Armani Ferrante, co-founder of the backpack and NFT collection Mad Lads, told TechCrunch. Not only did they lose investment capital and…

In March 2024, the US SEC asked Congress to appropriate an additional $158 million in federal funds. According to the Congressional Budget Justification, this funding will resolve several issues, including cryptocurrency market regulation. Regulators plan to use some of the money to find new employees and fund lawsuits facing the agency. SEC Chairman Gary Gensler has called the cryptocurrency industry the “wild west.” “From Reddit forums to celebrity influencers, we have seen a dynamic shift in communication with investors. Additionally, compliance violations are rampant and investors struggle with highly speculative asset classes. We have seen the wilds of the crypto…

March 19, 2024 8:32 AM | 1 minute read | Bitcoin (CRYPTO:BTC) price plummeted on Tuesday morning, dropping below $63,000 and dragging the entire crypto market. This sudden drop resulted in a total market capitalization drop of 8% within 24 hours.Enter to win $500 in stocks or cryptoEnter your email address to get Benzinga's Ultimate Morning Update, a free $30 gift card, and more.Analysts point to changes in investor sentiment as a potential trigger.The Grayscale Bitcoin ETF, a major investment vehicle for institutional investors, saw significant outflows on Monday, data showed.This outflow, combined with lower-than-usual inflows into other ETF products,…

We expect inflation pressures to continue to moderate in the near term, pick up toward the end of the year, and remain at just above 4.0% through 2025. The inflation rate this year will end at 3.8% and next year he thinks it will be 4.1%. The main drivers of upward pressure on prices are the recovery in real wages and domestic demand, the tightening of the labor market, and the expected introduction of the euro in 2025. Regarding demand-driven price pressures, we believe the overall lag effect from recent minimum wage increases and last year's return to historic levels…

In the world of online gambling, privacy and anonymity are increasingly important considerations for many players. This is where Monero comes in – a secure, untraceable cryptocurrency that has gained a dedicated following among privacy-conscious individuals. For players looking to enjoy their favorite casino games while maintaining the highest level of privacy, Monero casinos offer a compelling solution. By gambling with Monero (XMR), players can make transactions that are completely anonymous and untraceable, providing a level of privacy that far exceeds what is possible with traditional payment methods or even other cryptocurrencies like Bitcoin. In this guide, we’ll take a…

Bitcoin prices continue to fall, with the asset currently down about 10 grand from last Thursday's high of nearly $74,000. Alternative coins have also seen an exodus, with the market capitalization of cryptocurrencies dropping to less than $2.5 trillion after exceeding $2.9 trillion last week. BTC plummet continues The major cryptocurrency has been on the rise for weeks, hitting an all-time high last Thursday when assets topped $73,000 and hit an all-time high of $73,800. However, after rising more than 30% since the beginning of the month, analysis began to emerge that BTC was due for a correction. This actually…

1. Core rate, personal consumption expenditure December/December % (other figures are not averaged) 2. Source: Bloomberg Finance LP (as of March 14, 2024) 3. Source: Bloomberg Finance LP, FactSet Research Systems Inc. (as of March 14, 2024) Four. Expected total return includes interest, dividends, and capital gains, if applicable Five. Total return index (including dividends) 6. Spread over US Treasuries 7. Bloomberg Barclays MBS Forward Index 8. spread across…