Here's why Doge-INR and Doge-USD prices can be slightly different - cyptoranking.com

2024-05-05

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Shiba Inu (SHIB) Aggregate Exchange On-chain Market Depth | Source: IntoTheBlock The Bitcoin whales have seen their holdings move sideways in the past couple of years. The Ethereum whales, on the other hand, have participated in a steep selloff during the same period. Here's why Doge-INR and Doge-USD prices can be slightly differentFurthermore, the concept of Ethereum as "ultrasound money" is facing scrutiny. Touted as a deflationary asset due to the EIP-1559 upgrade, which introduced a mechanism to burn a portion of the transaction fees, Ethereum's current state suggests otherwise. The deflationary pressures are not as pronounced as many had anticipated, leading to questions about its long-term economic model. The reason why crypto mining is not profitable for most people is that the space is simply too competitive, and large players benefit from economies of scale that most individuals simply don’t have enough capital to achieve.

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The Chainlink accumulation is also seen in long-term holders. Six long-term holders have accumulated $2.4 million in Chainlink from Binance today. These accounts all hold more than $800,000 in LINK and have not traded any other altcoins besides LINK. Finally, PnL also includes fees like exchange commissions. Hong Kong opens crypto exchange licensing ahead of retail tradingJanowitz’s tweet comes after recent reports that scammers have stolen over $385,000 in Ether from Friend.tech users through SIM-swapping. Related: Bitcoin-friendly El Salvador sees bond returns soar to 70% in 2023

The oversight allowed the scammers to exploit the connection between his browser and the wallet, ultimately enabling them to siphon his crypto assets without requiring additional login credentials or information. “Okhandiar, improperly using his control of the Collective Venture’s multi-signature wallet, transferred approximately $600,000 worth of Remilia’s digital assets […] to his personal wallet as arbitrary unilateral ‘bonuses’ to himself,” according to the filing. Bitcoin wallet for web3The importance of this hidden support is magnified by the broader market context. With the overall trading volume on the decline and the DeFi and NFT landscapes not providing the bullish impetus they once did, Ethereum needs all the support it can get, both technically and sentimentally. BABYDOGE introduced an AI Image Generator and proposed a significant token burn. Some BABYDOGE holders faced impacts from the CoinEx hack.

However, by Oct. 9, average weekly transaction volume had sharply declined to around 283,000, a level unseen since the end of February. This drop seems to be in tandem with a decrease in Ordinals inscription activity. Jason Janowitz Bursa Derivatives eyeing night trading for CPO contract“Despite the recent global turmoil, bitcoin has demonstrated exceptional strength, securing its position as the top-performing asset over the past 30 days relative to the US Dollar,” Joel Kruger, market strategist at LMAX Group, noted in an email. He attributed BTC’s rising dominance to the second-largest crypto asset ETH’s stronger correlation with risk sentiment and its increasing token supply after reverting to being inflationary, making bitcoin more attractive for investors. The artist’s family moved from Ethiopia to the Washington, D.C. area when he was five. He earned his bachelor’s and Ph.D. in mathematics from the University of Virginia by age 23.

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