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Solana’s Meteoric Rise Pushes XRP Down, What is Next?

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Solana eclipses XRP, soaring to 5th in crypto ranks with a $36B market cap. SOL’s 11,000% rise in 5 years marks a new era in blockchain innovation. DeFi and meme coin mania propel Solana’s TVL past $1B, outshining Ethereum and Cardano. Solana (SOL) has achieved a significant milestone, surpassing Ripple’s XRP to become the fifth-largest cryptocurrency by market capitalization. This marks a pivotal moment in the digital currency space, with Solana reaching a market cap of $36 billion. The ascent of Solana reflects a dynamic shift in the crypto landscape, indicating investor confidence and a growing preference for innovative blockchain platforms. I said this flip seemed inevitable on 8 December but I thought XRP would hold on to number 5 spot a little longer than just 12 more days. It is hard to hold on when another coin does over 11,643% in 5 years. Solana has gone past many coins in that time. https://t.co/XUr8JZF0Uy pic.twitter.com/xpcW5ttx...

Does Costco Do Money Orders?

Over the last several years, the prominence and usage of money orders have been on a stark decline. However, they still stand out as a prominent payment method for people who are seeking more specificity than cash provides, with greater security than traditional checks. So, let’s delve into the payment method, and more specifically, answer if a popular retail store, Costco does money orders . Money orders are certificates that are pre-paid with the intended amount. Therefore, these payment options are a lot like checks, except the amount specified has already been paid. This means that money orders, unlike checks are not prone to bouncing. However, it also allows an amount to be granted to one specific person, which is more specific than just using cash. Costco Wholesale is one of the top retail companies in the United States, known for its affordable prices for food, electronics, and more. However, does the store also allow you to cash in and write money orders ? Also Rea...

China Charts Course for Web 3.0 Innovation, NFT And dApps In Focus

The Chinese central government is planning a strategic document for Web 3.0. The focus includes non-fungible tokens (NFTs) and dApps, with an emphasis on cross-chain capabilities. China also aims to participate in global standardization activities for Web 3.0. The Chinese central government has announced plans to draft a strategic document for the development of Web 3.0. The initiative aims to foster the growth of non-fungible tokens (NFTs) and dApps. The country will emphasize advancements in cross-chain capabilities, privacy computing, and smart contracts. They are also focusing on promoting the development of decentralized identity (DID) technologies. This announcement follows as a response to Proposal No. 02969 of the First Session of the 14th National Committee of the Chinese People’s Political Consultative Conference, issued by the Ministry of Industry and Information Technology. The Ministry outlined a comprehensive roadmap to facilitate the progre...

BlackRock Holds Another Meeting With SEC About Bitcoin ETFs

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BlackRock has held yet another meeting with the SEC to discuss its Spot Bitcoin ETF. There have been 24 total meetings now between the Securities and Exchange Commission and Spot Bitcoin ETF application filers, and the fifth for BlackRock. JUST IN: 🇺🇸 SEC holds another meeting with BlackRock to discuss its Spot #Bitcoin ETF. — Watcher.Guru (@WatcherGuru) December 19, 2023 Once again, the latest BlackRock-SEC meeting had conversations surrounding the “iShares Bioin Trust under NASDAQ Rules 57119(d).” SEC Chair Gary Gensler was present for the last meeting between the regulator and issuer but was absent for this one. This is the third meeting in seven business days between BlackRock and the SEC, perhaps indicating progress in talks. Gensler’s recent comments on reassessing Bitcoin ETFs only add fuel to that fire. For much of the last few months, the potential approval of a Spot Bitcoin ETF has dominated the news cycle. With more than a ...

Latest Market Overview 18th Dec: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, AVAX, DOGE

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Bitcoin might experience continued downward pressure in the coming days; however, a significant collapse is improbable. Traders are anticipated to seize opportunities by purchasing during dips, primarily in anticipation of launching a spot Bitcoin ETF. In contrast, the S&P 500 Index (SPX) exhibited impressive resilience, recording a 2.49% gain last week, extending its winning streak to seven weeks, the longest since 2017. Unfortunately, Bitcoin (BTC) failed to sustain its upward momentum, yielding to profit-taking by bullish investors. According to Material Indicators, a recent social media post states that short-term market dynamics are influenced by year-end profit-taking and tax loss harvesting. Nevertheless, the likelihood of a catastrophic crash remains remote. This is because several industry analysts are optimistic about the potential approval of one or more spot Bitcoin exchange-traded fund (ETF) applications by the United States Securities and Exchange Com...

Japan-backed Cambodia’s digital currency soars to 10m users

Bakong, Cambodia’s digital currency , has surpassed 10 million opened accounts, accounting for 60% of the nation’s population. In a recent interview with Nikkei Asia on Dec. 19, Cambodia‘s central bank governor, Chea Serey, revealed that the country’s nascent digital currency, known as Bakong, co-developed with a Japanese startup, has been distributed between approximately 10 million accounts. The figure is a significant milestone as around 60% of the nation’s population now potentially utilizing Bakong for transactions, the report indicates. Serey also shared plans for expanding Bakong’s reach internationally, particularly through a collaboration with UnionPay International, China‘s card payment service, and other global partners. “We have already launched cross-border payment connectivity with Thailand, Laos, and Vietnam.” Chea Serey You might also like: Cambodia: Project Bakong CBDC goes live Moreover, the Nation...

Manta Pacific utilizes Celestia for cost-efficient Layer 2 networking

Layer 2 blockchain Manta Pacific has chosen to integrate Celestia’s modular data availability solution to reduce user transaction fees. The partnership aims to empower Manta with Celestia’s data availability sampling, enabling light nodes to verify data availability without downloading the entire block. Celestia underneath Manta Pacific becomes the first L2 to migrate to Celestia modular DA https://t.co/BkDE8EJh7b — Celestia (@CelestiaOrg) December 18, 2023 Kenny Li, co-founder and core contributor at Manta Network, expressed enthusiasm about the collaboration, stating, “We’re leveling up Manta Pacific by taking it to Celestia to benefit our users with a more cost-effective and secure network environment.” You might also like: Coinbase, others raise $78m for pro-crypto super PAC This decision mirrors a broader trend within the blockchain ecosystem, as other rollup projects, such as Polygon Labs and Arbitrum, also opt to integrate C...

XRP could move up 1,500% if this condition is met

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The price of XRP has struggled to make a significant move, remaining largely consolidated despite Ripple, the parent company, entering into several partnerships and facing notable legal and regulatory developments.  Expectations were high that XRP would experience a substantial rally after the court ruled that the token was not a security in the Securities and Exchange Commission (SEC) case. Amid concerns about XRP’s stagnation, a crypto analyst by the pseudonym CryptoInsightUK believes the token might be on the brink of a crucial turning point. In a post on X (formerly Twitter) on December 17, the analyst projected a potential significant rally based on XRP vs. Bitcoin (BTC) chart movements. XRP price analysis chart. Source: TradingView He emphasized that XRP is currently positioned at the lower limit of the XRP/BTC range, with the potential for a substantial move of over 88% against Bitcoin, but there is room for more gains on the maiden cryptocurrency.  ...

Solana Meme BONK Faces Volatility After Almost 30% Price Drop

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The price of BONK dropped by almost 30% over the past 24 hours of trading. This came after a massively successful month where BONK’s price rose by over 1,000%. In addition to BONK’s price drop, the price of SOL also took a more than 2% hit throughout the past day. Over the past 24 hours of trading, the Solana-based meme coin BONK saw its price fall by almost 30%. This came after an explosive month where the cryptocurrency’s price surged by more than 1,000%. BONK’s success was evident in the fact that Solana’s crypto phone witnessed a huge surge in demand. Since the release of the phone in May of this year, users have been eligible for a very generous 30 million BONK airdrop, causing a frenzy of people trying to get a hold of the valuable token through the purchase of the Solana phone. Wow, what a day We've officially SOLD OUT of Saga phones in the US! A huge thanks to everyone who's been part of this journey ️ To our frens in Europe, we've st...

Trader Updates Outlook on Shiba Inu Rival That’s Exploded Over 1,200% in a Month, Predicts Rally for Fetch.ai

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A widely followed crypto analyst is updating his outlook on one red-hot Solana (SOL)-based memecoin. Pseudonymous crypto strategist Altcoin Sherpa tells his 201,400 followers on the social media platform X that Shiba Inu (SHIB) rival Bonk (BONK) could still have more upside potential after a massive rally. “BONK: bulk of move probably over, but I think this could also just continue. In short, I have no idea and it’s extremely hard to ever predict these memes. I don’t think you should short this thing right now though, even if it is in a good area for pullback.” Source: Altcoin Sherpa/X Looking at the trader’s chart, BONK was retesting a key level Thursday at $0.0000147 after a dip down. However, BONK later soared and is trading for $0.00002864 at time of writing, more than 1,219% from its November 15th close at $0.00000217. Next up, the trader says that artificial intelligence (AI)-focused altcoin Fetch.ai (FET) could move another leg up after flipping a r...

First Trust seeks SEC approval for Bitcoin ‘Buffer ETF’ to safeguard investors

First Trust files for Bitcoin Buffer ETF with SEC, aiming to mitigate risk via options. Buffer ETFs gaining momentum, 139 trading on US markets, $32.54B AUM. Buffer ETFs don’t guarantee complete protection, or assess risks. Financial services firm First Trust has recently submitted a filing with the US Securities and Exchange Commission (SEC) to launch a groundbreaking investment product – the First Trust Bitcoin Buffer ETF. Unlike traditional spot Bitcoin ETF s, this innovative fund aims to provide investors with a unique risk mitigation strategy, utilizing options to safeguard against potential market downturns. Let’s delve into the details of this latest development in the cryptocurrency investment space. First Trust’s Bitcoin Buffer ETF filing First Trust’s move to file for the Bitcoin Buffer ETF signals a shift in the cryptocurrency investment landscape. This ETF is distinct from spot Bitcoin offerings, as it utilizes op...

Coinbase Hype Still Fresh: Can BONK Hold Onto Its Gains with Binance Debut?

Coinbase recently listed a new token, BONK. Post-listing, BONK experienced a 60% surge, reaching an all-time high. Binance accordingly announced plans to list BONK, with spot trading pairs set to go live on December 15, 2023, at 08:00 (UTC). Coinbase, one of the leading cryptocurrency exchanges, recently announced the listing of a new token, BONK. Following the listing, the price of BONK witnessed a 60% surge, hitting an all-time high. Additionally, Binance, another major player in the crypto space, swiftly followed suit, revealing its plans to list BONK, accompanied by a Seed Tag. Binance will list spot trading pairs BONK/USDT, BONK/FDUSD, and BONK/TRY are set to go live on December 15, 2023, at 08:00 (UTC). This move comes as Binance acknowledges the growing popularity and demand for BONK in the crypto market. #Binance will list @bonk_inu $BONK with Seed Tag applied. https://t.co/BVs6KjrRvK pic.twitter.com/AKB6mlwnkL — Binance (@binance) Decembe...

Cardano adds 17% as analysts monitor 3 altcoins

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bullish macroeconomic CPI and inflation announcements in the U.S. have paved the way for a “Santa rally” in December. Investors are now eyeing the Bitcoin ETF approvals expected in January. The Securities and Exchange Commission (SEC) authorizes this product, prices might extend gains. Cardano (ADA) appears to be leading the way, adding 17% in the last 24 hours. Meanwhile, the coin is up 46% this week and 78% this month.  Its commendable price action results from market participants rallying behind its narrative of being a more secure and decentralized Ethereum alternative. You might also like: Crypto analyst remains bullish on Cardano despite market turbulence However, it has begun to outperform Ethereum (ETH) because the narrative was previously criticized for Cardano’s lack of adoption, but this has all changed with a ...

How Many Times Bitcoin Was Declared Dead in 2023?

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The anonymous Bitcoin founder Satoshi Nakamoto launched BTC in January 2009 months after the 2008 financial crash. Bitcoin was launched to protect investors from the global banks, markets, and various other financial institutions that cause harm to day-to-day investors. Since its launch in 2009, the mainstream media and leading financial experts have declared Bitcoin dead several times. The narrative does not end and the BTC obituary numbers keep piling up every year in the media. Also Read: 59% Americans Believe US Economy Is in Recession: White House Says No However, despite being declared dead multiple times, Bitcoin beat expectations and spiked in price throughout. BTC has been delivering profits to investors for a decade and several people have even turned millionaires. Nonetheless, the same cannot be said for the stock markets as returns have been negligible in the last few years. In this article, we will highlight how many times Bitcoin (BTC) was declared dead in the y...

Are Gas Stations Open on Christmas?

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During the holiday season, finding an open store can be a hassle. Whether it be needing a retail store for last-minute gift shopping, or wanting a restaurant to satisfy a food craving during the Christmas season. Yet, one often overlooked aspect is needing a refill for your automobile. So, we answer the question; are gas stations open on Christmas? The current landscape of gas station options for the modern consumer is undoubtedly vast. Indeed, there are over 145,000 different gas stations in America alone, with a host of different companies providing this necessary resource. However, how many of these are open during the holidays? Well, let’s find out. Top 5 Gas Stations Open on Christmas Source: Strategic Grounds Management Also Read: Is Publix Open on Christmas? With so many different options, you will be delighted to know that an abundant selection of gas stations are open during the holiday season. Therefore, the answer to if there are gas stations open on Christm...

Will Elon Musk’s cybertruck accept Dogecoin and this new altcoin?

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The crypto market has attracted celebrities and high-profile figures due to its opportunities and usabilities. Tech billionaire Elon Musk is one of the most ardent supporters of cryptocurrencies, especially Dogecoin (DOGE). But a new crypto project, Pullix, has entered the arena and could surpass Dogecoin. Pullix is in its first presale stage, with supporters bullish on its prospects. Dogecoin mentioned on Tesla cybertruck page Elon Musk’s companies have always had a special interest in Dogecoin. Interestingly, the code used on the checkout page of the Tesla Cybertruck has mentioned Dogecoin more than 50 times. This is noteworthy because this cryptocurrency is the only one cited in the Tesla code base.  You might also like: Analyst sees support for Dogecoin at 9 cents This has led to speculation that Tesla might all...