Monthly Archives: February 2024

Floki developers propose burning 2% of the circulating supply to increase scarcity and network security.The burn will utilize tokens from the Multichain Bridge, which previously held tokens prior to its implosion in July 2023.Floki (FLOKI) developers will float a proposal to burn 2% of the token’s circulating supply to increase scarcity and bump network security

The number of BTC held in wallets tied to crypto miners has declined by 8,426 this year, extending the slide that began in October.Impending reward halving and the dry season in China might explain why miners are running down their coin stashes.The number of bitcoin (BTC) held by crypto miners has dropped to the lowest

Traders are using prominent meme tokens, such as Dogecoin (DOGE) and bonk (BONK), as ecosystem bets for their respective blockchains, Ethereum and Solana.DOGE futures set a record open interest at $1 billion - indicative of the strong interest in the tokens. Nearly 70% of these bets were on the long side.Traders are continuing to use

The U.S. SEC has objected to Terraform’s $166 million retainer of Law Firm Dentons.The SEC alleges that the money was “siphoned” off into an “opaque slush fund for its lawyers,” which could have gone to investors and creditors.The U.S. Securities and Exchange Commission (SEC) has raised objections to a $166 million retainer payment to lawyers

Bitcoin rose 9.5% Wednesday, extending the two-day winning streak.Analysts foresee a continued move higher into six figures in the coming months.The market-neutral bitcoin cash and carry offers 14% annualized return, according to Glassnode.Bitcoin (BTC) surged 9.5% on Wednesday, registering its biggest single-day percentage gain since Oct. 23, according to charting platform TradingView.Prices rose to $64,000