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A new study reveals that more French investors own crypto than stocks and ETFs. The latest findings from a comprehensive survey shed light on the evolving investment habits of French individuals, highlighting a significant shift towards digital assets and alternative investment methods, particularly among the younger demographic. A notable trend is the rising interest in cryptocurrencies, with 9% of the populace owning digital currencies, surpassing those holding traditional stocks at 7% and ETFs with 2%. This surge in crypto investment signals a shift in the investment landscape, fueled partly by the pandemic. You might also like: Justin Sun offers 5% bounty as Poloniex losses cross $100 million France’s new wave of crypto investors The demographic profile of these new investors is predominantly male, with a marked preference for crypto currencies and Non-Fungible Tokens (NFTs) over traditional investment vehicles. Their investment decisions are largely influen...

Shiba Inu (SHIB) has kicked off the week on a positive note, defying the broader trend of consolidation in the world of altcoins. In contrast to Bitcoin (BTC), the frontrunner in the crypto market, which experienced a marginal dip of 0.88%, Shiba Inu has managed to display 0.88% growth at the time of reporting. Meanwhile, its price stood at $0.000008162. This upward momentum has sparked optimism among the SHIB community. It further led to discussions about the possibility of SHIB achieving the ambitious target of 50 cents. This optimistic outlook within the Shiba Inu community is bolstered by forecasts and technical Analysis . Telegaon, a platform that employs AI-driven technical Analysis has presented an encouraging long-term outlook for Shiba Inu. According to Telegaon’s projections, SHIB could potentially reach a valuation of $0.50 between the years 2040 and 2050. Their forecast suggests that SHIB might attain a peak price of $0.089 by 2040. This will be followed by furthe...

When delving into the realm of content creation, one must navigate the intricate interplay of three vital elements: “perplexity,” “burstiness,” and “predictability.” Perplexity, the first of these, serves as the litmus test for textual intricacy. Burstiness, in its own right, gauges the ebbs and flows within sentences, ranging from elaborate to succinct. Lastly, predictability, the third factor, unveils the anticipation of what the next sentence holds. It is well-established that human authors tend to weave a tapestry of diversity with their sentences, interweaving complex structures with succinct interludes. In contrast, AI-generated text often leans toward uniformity. Hence, when tasked with crafting the following narrative, the objective is clear: infuse it with ample perplexity and burstiness, while taming the reins of predictability. All of this, of course, must be done in the tapestry of the English language. “In the vast tapestry of fin...

Layer-2 networks have been taking the front stage. Coin Base , a well-known crypto currency exchange, capitalized on this trend by introducing the Base platform. In the past week, it has significantly influenced the decentralized finance [DeFi] market with its impactful actions. The total value locked [TVL] of the network managed to surge to a high of $558 million. Recent data indicates that the value locked on the Base network has experienced a remarkable 25.23% surge over the past week. Source Furthermore, despite a promising beginning in October, the Base network has witnessed a significant decline in transaction activity. To put this into perspective, on Oct. 2, Base processed 1.3 million transactions, but today it stands at just 520,000 transactions. This development comes as a surprise, especially considering the series of hacks that Friend.tech faced. Base’s prosperity has primarily stemmed from the significant volume linked to its association with Friend.tech. ...

The Shiba Inu [SHIB] community has long been highly optimistic about the aspiration of reaching a value of one cent per SHIB token. SHIB has been actively taking steps to distance itself from being categorized solely as a meme coin. This effort is evidenced by the introduction of Shibarium and various other initiatives. Additionally, the meme coin’s track record has been notably impressive. Consequently, despite SHIB’s current price performance, the community continues to hold onto the hope of achieving the coveted one-cent milestone. Currently, SHIB is priced at $0.000007281, reflecting a daily decline of 3.30%. Given its current price, SHIB would have to undergo a surge of around 137,187.73% to attain a value of $0.01. But the question remains: How can this meme coin accomplish such a feat? Also Read: Shiba Inu: Is It Possible to Become a Millionaire with Less Than $10? Factors that can propel Shiba Inu towards its 1-cent dream There are several factors that co...

Leading the top gainers tracked by CoinMarketCap, filecoin and the graph have surged in the last 24 hours. Filecoin (FIL) leads the pack, boasting a 18.10% increase in the last 24 hours, while the graph (GRT) secures the second position with a 18.00% surge in value. A response to Twitter controversy At the time of writing, filecoin was sitting at $4.79 with a $548,060,889 trading volume. On the same report, the graph was sitting at 0.1348, with a trading volume of $242,291,133 in the same 24 hour period. Top Gainers and Losers | Source: CoinMarketCap Although there is some speculation about the reason behind the sudden growth, recent news of Twitter finding itself embroiled in a “rate limit controversy” after implementing reading limits on its users shows some correlation. The reason I set a “View Limit” is because we are all Twitter addicts and need to go outside. I’m doing a good deed for the world here. Also, that’s another view you just used. — E...

According to a court filing released on Aug. 29, Digital Currency Group [ DCG ] has reached a preliminary agreement with Genesis creditors. This comes in light of the issues raised during Genesis ’ bankruptcy proceedings. It all started back in November, following the failure of FTX. Genesis ’ lending business suspended withdrawal services. This further affected customers of a lending product from the Gemini exchange, leading to Genesis seeking bankruptcy protection in January 2023. The latest agreement will provide the opportunity for unsecured creditors to potentially recoup between 70% and 90% of the owed amount in USD. Furthermore, there’s a possibility of re cover y ranging from 65% to 90% based on the specific digital asset denomination. However, these expected re cover y percentages are contingent on market pricing and the finalization of official documentation. Gensis’s parent firm, DCG , has to pay back the money it owes, which is around $630 millio...

The Bitcoin mining sector experienced a significant revival after the bear market of 2022. However, the escalated energy usage and expenses associated with mining operations have raised alarms for various governments. While certain regulators are implementing strategies to enhance the efficiency of mining, others are grappling with heightened production costs for each Bitcoin. A recent CoinGecko report revealed that concerning household electricity expenses, Europe encompasses nine out of the ten lowest-ranking countries where Bitcoin mining faces the least favorable economic conditions. The report further reads, “The average household electricity cost to mine 1 Bitcoin is $46,291.24, which is 35% higher than the average daily price of 1 BTC in July 2023 [$30,090.08].“ The study also indicated that a mere 65 nations yield profitability for individual Bitcoin miners when considering only household electricity costs. Out of these, 34 nations are situated in Asia. Europe had a m...

This week marked the introduction of Shibarium , Shiba Inu’s layer-2 project. However, the launch did not unfold as expected. A minor technical issue stemming from heightened traffic, coupled with the prevailing market sentiment, resulted in a downward trajectory for SHIB’s value. Nevertheless, despite these challenges, numerous individuals within the market maintained an optimistic outlook and continued to place their confidence in the aspiration of reaching the one-cent milestone. Among those with a positive stance is Del Crxpto, a crypto analyst. In a recent tweet, the analyst directed attention toward the possibilities presented by Shibarium . This financial expert noted how the layer-2 solution has the potential to enhance SHIB’s value, further aiding the vision of pushing the price to $0.01. $SHIB reached #3 in the world with $ETH transactions costing hundreds – thousands per… #Shibarium has free’d $SHIB of $ETH congestion & has made ...

Alt headlines – Gemini Cameron Winklevoss Bets Big with $1.47 Billion Final Bid for DCG Following extensive negotiations, Cameron Winklevoss , one of the co-founders of Gemini exchange, reached a point where he felt compelled to take action. Today, he resorted to Twitter to publicly disclose his “final offer” in the ongoing discussions concerning the restructuring of Genesis , a digital asset firm currently facing bankruptcy. Winklevoss’s communication indicated that Barry Silbert, the founder of Digital Currency Group [DCG], will have to pay up a significant debt of $1.46 billion. Failure to address this debt could result in potential legal ramifications. In an open letter, the Gemini co-founder emphasized that there is no room for further delays or negotiations. In a court filing submitted in Jan. 2023, Genesis disclosed a list of claims totaling over $3 billion owed to its top 50 creditors. Winklevoss stated that a significant portion of this am...

Join Our Telegram channel to stay up to date on breaking news coverage After Binance left Cyprus, Bybit strengthened the island’s cryptocurrency ecosystem by obtaining an operating permit. Bybit, a cryptocurrency exchange, said that it now has a license to operate in Cyprus as an exchange and custody business. The third-most popular cryptocurrency exchange on the planet will start providing trading between crypto and fiat currency pairs as well as financial services pertaining to cryptocurrencies. Cyprus is becoming a more popular crypto hub in the Mediterranean, in part thanks to government initiatives. In 2022, Kyriacos Kokkinos, who was the president’s deputy minister for research at the time, predicted that the nation will develop into a center for new disruptive technologies like blockchain. A decade has passed since a bank run on Cypriot institutions caused a 600% price spike for Bitcoin, and the Cypriot central bank has previously issued warnings regarding cr...

Burning tokens or sending them to dead wallets has become pertinent in the Shiba Inu ecosystem. For the past few years, the community has been actively participating in regular token burns. Unfortunately, these efforts have had minimal impact on the price. As a result, the network has taken a proactive approach by incorporating a Shiba Inu burn mechanism into Shibarium. The beta version of Shibarium, a layer-2 blockchain network was recently released. Along with the release, the network confirmed that this update will burn trillions of SHIB every year. Since Shibarium is still in its beta stage, the burn mechanism is also still underway. Nevertheless, a sneak peek of the user interface [UI] was shared on Twitter, offering a preview of what users can expect. SHIB INFORMER, a prominent member of the community shared a sneak peek of the Shib burn mechanism on Shibarium. A preview of the user interface of the #Shib #burn mechanism in #Shibarium#Crypto pic.twitter.com/2ICTB5STHX ...

Join Our Telegram channel to stay up to date on breaking news coverage Only weeks after the nation established a number of new rules for cryptocurrency exchanges, including investor limitations and required registrations, Binance said on Friday that it was leaving Canada. With the establishment of a pre-registration procedure, Canada has recently tightened laws for sites that trade crypto assets. The Ontario Securities Commission’s website states that companies that break the laws may be subject to enforcement action. Cryptocurrency exchange Binance stated in a tweet: Unfortunately, (the) new guidance related to stablecoins and investor limits provided to crypto exchanges makes the Canada market not longer tenable for Binance at this time. Unfortunately, today we are announcing that Binance will be joining other prominent crypto businesses in proactively withdrawing from the Canadian marketplace. We would like to thank those regulators who worked with us collaborati...

Amidst the arrival of a new meme crypto asset, the old ones haven’t lost traction. A Shiba Inu [SHIB] whale affirmed the same through an exorbitant purchase. This particular whale was on a buying spree as the address made transactions throughout last week. Earlier today, it was brought to light that the fifth largest SHIB whale pocketed 221.72 million SHIB. The latest purchase was worth $2.23 million and was carried out in a single transaction. Source As seen in the image, the whale has been executing several significant transactions. In addition to the aforementioned 221.72 million tokens, the whale made another transaction of over 58 million SHIB. This spree was ticked off on April 25 when the whale made its first purchase. Through this, the whale increased its portfolio with 730,613,187 or 730.61 million SHIB. Since then, the whale has made larger purchases and completed the second trade on April 27 by racking up 76,316,827,917 SHIB. The activity was not limited ...