Uncovering the Divide Between Meme Coins and Utility Tokens
Recent crypto market volatility has undermined confidence in several crypto ventures. Now, more than ever, crypto proponents are encouraged to reconsider and review the core purpose of the digital currencies they have invested in. Meme coins and utility tokens are two facets of the tumultuous realm of cryptocurrencies which should be further uncovered.
Are Meme Coins a Good Crypto Investment?All cryptocurrencies are dependent on a robust community and support from influential users. But the rise in popularity of meme tokens may be directly attributed to their disproportionate identification with influential people, most notably Elon Musk. The concept of “meme coins” is sometimes dismissed as a harmless joke, yet some feel that the concept should be treated seriously. Cryptocurrencies like Dogecoin have caused a significant stir in the cryptocurrency market, and as a result, some investors have amassed considerable worth due to their holdings. But are meme coins a wise investment?
Some of these coins have become well-known due to the promotion they have received from important celebrities, and the values of those coins have been driven up by retail investors who have driven up demand for them by extensively marketing them online. Because of this, the prices of these currencies often see spectacular increases despite their unstable fundamentals. When their prices increase, many investors decide to sell their holdings quite quickly to realize a yield. It is very doubtful that meme coins will still exist in a few years or decades since they now serve no practical use. Once investors divert their attention to another project, the value of meme coins may see a steep decline.
Recent crypto market volatility has undermined confidence in several crypto ventures. Now, more than ever, crypto proponents are encouraged to reconsider and review the core purpose of the digital currencies they have invested in. Meme coins and utility tokens are two facets of the tumultuous realm of cryptocurrencies which should be further uncovered.
Are Meme Coins a Good Crypto Investment?All cryptocurrencies are dependent on a robust community and support from influential users. But the rise in popularity of meme tokens may be directly attributed to their disproportionate identification with influential people, most notably Elon Musk. The concept of “meme coins” is sometimes dismissed as a harmless joke, yet some feel that the concept should be treated seriously. Cryptocurrencies like Dogecoin have caused a significant stir in the cryptocurrency market, and as a result, some investors have amassed considerable worth due to their holdings. But are meme coins a wise investment?
Some of these coins have become well-known due to the promotion they have received from important celebrities, and the values of those coins have been driven up by retail investors who have driven up demand for them by extensively marketing them online. Because of this, the prices of these currencies often see spectacular increases despite their unstable fundamentals. When their prices increase, many investors decide to sell their holdings quite quickly to realize a yield. It is very doubtful that meme coins will still exist in a few years or decades since they now serve no practical use. Once investors divert their attention to another project, the value of meme coins may see a steep decline.
LBank Weekly Listing Report, 7th November 2022
INTERNET CITY, DUBAI, Nov. 7th, 2022 –As a world class digital asset exchange, LBank continues to focus on providing its users quality projects to participate in. Here is a weekly report made by LBank Exchange presenting this week’s exciting new listings and a summary of the ones listed last week, offering users more information to help better understand these unique opportunities.
New Listings on LBank Exchange
Scheduled this week starting on 7th November.
INTERNET CITY, DUBAI, Nov. 7th, 2022 –As a world class digital asset exchange, LBank continues to focus on providing its users quality projects to participate in. Here is a weekly report made by LBank Exchange presenting this week’s exciting new listings and a summary of the ones listed last week, offering users more information to help better understand these unique opportunities.
New Listings on LBank Exchange
Scheduled this week starting on 7th November.
Recently Signed 2009 Bitcoin Block Reward Linked to Hal Finney’s Set of BTC Transactions
At the end of November, an unknown person signed a signature tied to an extremely old block reward mined on Jan. 19, 2009, and the user published a message and verified signature linked to the reward on the forum bitcointalk.org. The message was tied to a bitcoin address associated with block 1,018, a block reward that was minted 16 days after Satoshi Nakamoto launched the network. Upon further investigation, onchain data shows that block 1,018 is linked to a great number of block rewards ostensibly mined by Hal Finney, and the signed block is also connected to the very first bitcoin transaction that derived from block 9.
Block 1,018 Signed by ‘Onesignature’ on Nov. 26, 2022, Is Associated With Hal Finney’s Mined Bitcoins and the Very First Bitcoin TransactionOn Nov. 26, 2022, a newly created bitcointalk.org forum account called “Onesignature” shocked the crypto community when the unknown individual signed a message associated with block 1,018. Onesignature’s message contained a new BTC address created in 2022, and the unknown person also signed the new address as well proving the user’s existence.
The signed message, according to Bitcoin.com’s Verification Tool and an Electrum wallet, is an authentic signature tied to the 2009 address “1NChf” or block 1,018. Block 1,018 and the bitcoin address 1NChf are both linked to the first BTC transaction that saw 10 BTC sent from Satoshi Nakamoto to Hal Finney and a great deal of BTC blocks associated with Finney.
At the end of November, an unknown person signed a signature tied to an extremely old block reward mined on Jan. 19, 2009, and the user published a message and verified signature linked to the reward on the forum bitcointalk.org. The message was tied to a bitcoin address associated with block 1,018, a block reward that was minted 16 days after Satoshi Nakamoto launched the network. Upon further investigation, onchain data shows that block 1,018 is linked to a great number of block rewards ostensibly mined by Hal Finney, and the signed block is also connected to the very first bitcoin transaction that derived from block 9.
Block 1,018 Signed by ‘Onesignature’ on Nov. 26, 2022, Is Associated With Hal Finney’s Mined Bitcoins and the Very First Bitcoin TransactionOn Nov. 26, 2022, a newly created bitcointalk.org forum account called “Onesignature” shocked the crypto community when the unknown individual signed a message associated with block 1,018. Onesignature’s message contained a new BTC address created in 2022, and the unknown person also signed the new address as well proving the user’s existence.
The signed message, according to Bitcoin.com’s Verification Tool and an Electrum wallet, is an authentic signature tied to the 2009 address “1NChf” or block 1,018. Block 1,018 and the bitcoin address 1NChf are both linked to the first BTC transaction that saw 10 BTC sent from Satoshi Nakamoto to Hal Finney and a great deal of BTC blocks associated with Finney.
Fasttoken (FTN) Announces Its Initial Exchange Offering (IEO)
Fastex, a Web 3.0-driven ecosystem offering a diverse product range, is happy to announce its initial exchange offering (IEO) of Fasttoken (FTN), offering early holders an opportunity to join the project.
The IEO is set to take place from January 18 to January 20, 2023, with a limited number of 10 million tokens available for public sale. The FTN tokens will be sold for 0.35 euros per token for this event.
Fastex, a Web 3.0-driven ecosystem offering a diverse product range, is happy to announce its initial exchange offering (IEO) of Fasttoken (FTN), offering early holders an opportunity to join the project.
The IEO is set to take place from January 18 to January 20, 2023, with a limited number of 10 million tokens available for public sale. The FTN tokens will be sold for 0.35 euros per token for this event.
Bitcoin’s Accumulation Rate Exceeds The 2018 Bear Market — Can BTC Pull a Substantial Bull Run?
As Bitcoin fluctuates modestly from its levels of last week, certain on-chain metrics indicate that the next two years could be highly bullish for the largest cryptocurrency by market capitalization, potentially leading to new all-time highs.
According to a recent crypto analytics firm CryptoQuant observation, Bitcoin’s current accumulation rate is higher than the 2018 bear market. Since Bitcoin hit $69,000 and the bear market began around a year ago, the crypto sector has been met with several unanticipated challenges, such as the pandemic, fears of inflation, and the Russo-Ukrainian conflict. This has caused the financial markets to be dominated by doubt and fear, leading to severe deleveraging.
As Bitcoin fluctuates modestly from its levels of last week, certain on-chain metrics indicate that the next two years could be highly bullish for the largest cryptocurrency by market capitalization, potentially leading to new all-time highs.
According to a recent crypto analytics firm CryptoQuant observation, Bitcoin’s current accumulation rate is higher than the 2018 bear market. Since Bitcoin hit $69,000 and the bear market began around a year ago, the crypto sector has been met with several unanticipated challenges, such as the pandemic, fears of inflation, and the Russo-Ukrainian conflict. This has caused the financial markets to be dominated by doubt and fear, leading to severe deleveraging.
Household Crypto Holdings Included in Bank of Russia’s Consumer Finance Survey
The Central Bank of Russia has added crypto asset holdings of households to its survey of consumer finances. The statistics reveal that Russian families keep more money in cryptocurrency wallets than in gold investment accounts or mutual funds.
Russia’s Central Bank Evaluates Cryptocurrency Holdings of Russian HouseholdsThe Central Bank of the Russian Federation (CBR) has published estimates about the digital assets held by the population in the newest edition of its report on household finances. The survey is conducted once every two years since 2013 and the latest results covering 2022 were released on Friday.
According to the document published by the monetary authority, the median average of the fiat value of crypto holdings, among Russian households that possess such assets, is 17,500 rubles (around $225 at current exchange rates). Median means that over half of these families, or people who live together and share the same budget, have more crypto funds than the cited threshold.
The Central Bank of Russia has added crypto asset holdings of households to its survey of consumer finances. The statistics reveal that Russian families keep more money in cryptocurrency wallets than in gold investment accounts or mutual funds.
Russia’s Central Bank Evaluates Cryptocurrency Holdings of Russian HouseholdsThe Central Bank of the Russian Federation (CBR) has published estimates about the digital assets held by the population in the newest edition of its report on household finances. The survey is conducted once every two years since 2013 and the latest results covering 2022 were released on Friday.
According to the document published by the monetary authority, the median average of the fiat value of crypto holdings, among Russian households that possess such assets, is 17,500 rubles (around $225 at current exchange rates). Median means that over half of these families, or people who live together and share the same budget, have more crypto funds than the cited threshold.
Cathie Wood’s ARK Invest Rapidly Accumulating Coinbase (COIN) Stock As Crypto Exchange Goes International
Cathie Wood’s ARK Invest is ramping up its acquisition of Coinbase (COIN) stock as the crypto exchange platform expands outside of the US.
New data from Cathie’s Ark, a platform that tracks the investment of ARK Invest, reveals that the firm made three separate purchases of COIN on May 2nd that amounted to $7.35 million.
Cathie Wood’s ARK Invest is ramping up its acquisition of Coinbase (COIN) stock as the crypto exchange platform expands outside of the US.
New data from Cathie’s Ark, a platform that tracks the investment of ARK Invest, reveals that the firm made three separate purchases of COIN on May 2nd that amounted to $7.35 million.
Fuck memecoins, says PSYCHO. Yep, you heard that right. Here's why it got our attention:
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
‘Talk2Satoshi’ — Developer Launches Unique AI Chatbot Infused With Bitcoin Knowledge
In the midst of the buzz surrounding artificial intelligence (AI), a developer has crafted a fresh chat platform that harnesses the power of Openai’s Chatgpt. However, this creation sets itself apart by being trained on a myriad of resources specifically focused on Bitcoin and its enigmatic founder, Satoshi Nakamoto.
Meet the AI Chatbot ‘Talk2Satoshi’On May 31, bitcoin enthusiast and author Pierre Corbin unveiled a chatbot platform infused with the essence of Bitcoin. This unique platform, akin to Openai’s Chatgpt, functions as a conversational program capable of responding to queries and engaging in dialogue with users.
What sets talk2satoshi.com apart is that Corbin, with the assistance of Hugo Ferrer, the co-creator, fed the chat program with a diverse array of sources, including Satoshi Nakamoto’s emails and forum posts, Saifedean Ammous’ 2018 book “The Bitcoin Standard,” and Corbin’s own work, “The Great Reset and the Rise of Bitcoin.”
In the midst of the buzz surrounding artificial intelligence (AI), a developer has crafted a fresh chat platform that harnesses the power of Openai’s Chatgpt. However, this creation sets itself apart by being trained on a myriad of resources specifically focused on Bitcoin and its enigmatic founder, Satoshi Nakamoto.
Meet the AI Chatbot ‘Talk2Satoshi’On May 31, bitcoin enthusiast and author Pierre Corbin unveiled a chatbot platform infused with the essence of Bitcoin. This unique platform, akin to Openai’s Chatgpt, functions as a conversational program capable of responding to queries and engaging in dialogue with users.
What sets talk2satoshi.com apart is that Corbin, with the assistance of Hugo Ferrer, the co-creator, fed the chat program with a diverse array of sources, including Satoshi Nakamoto’s emails and forum posts, Saifedean Ammous’ 2018 book “The Bitcoin Standard,” and Corbin’s own work, “The Great Reset and the Rise of Bitcoin.”
$1.5 Trillion Asset Manager Franklin Templeton Bets Big On Bitcoin
Franklin Templeton, one of the world’s largest asset managers with over $1.5 trillion in assets under management, plans to invest heavily in Bitcoin as well as its underlying technology.
This strategy was revealed by Sandy Kaul, the Senior Vice President of Franklin Templeton’s burgeoning crypto business, during a Sunday interview with Scott Melker, host of the Wolf Of All Streets podcast.
Franklin Templeton, one of the world’s largest asset managers with over $1.5 trillion in assets under management, plans to invest heavily in Bitcoin as well as its underlying technology.
This strategy was revealed by Sandy Kaul, the Senior Vice President of Franklin Templeton’s burgeoning crypto business, during a Sunday interview with Scott Melker, host of the Wolf Of All Streets podcast.
Biggest Movers: SOL Surges to 2-Month High on Saturday, Extending Recent Bull Run
Solana extended recent gains on Saturday, as the token rose for a third straight session to start the weekend. Today’s move came following a breakout of a key price level, despite the global crypto market cap consolidating. Avalanche also rallied, climbing by as much as 10%.
Solana (SOL)Solana (SOL) was a notable gainer in the crypto market for a third straight day, with today’s move taking price to an eight-week high.
Following a low of $20.19 on Friday, SOL/USD jumped to an intraday peak of $22.40 to start the weekend.
Solana extended recent gains on Saturday, as the token rose for a third straight session to start the weekend. Today’s move came following a breakout of a key price level, despite the global crypto market cap consolidating. Avalanche also rallied, climbing by as much as 10%.
Solana (SOL)Solana (SOL) was a notable gainer in the crypto market for a third straight day, with today’s move taking price to an eight-week high.
Following a low of $20.19 on Friday, SOL/USD jumped to an intraday peak of $22.40 to start the weekend.
$54,900,000,000 Added To US Debt in Five Days As UN Issues ‘Grave Warning’ on Global Balance Sheets
The total amount of outstanding US debt just hit a new record high.
New numbers from the government’s FiscalData system show the nation’s debt jumped $54.9 billion in just five days.
After crossing the $32 trillion mark on June 16th, the total debt accumulated by the US has now surged an additional $658 billion as of August 10th.
The total amount of outstanding US debt just hit a new record high.
New numbers from the government’s FiscalData system show the nation’s debt jumped $54.9 billion in just five days.
After crossing the $32 trillion mark on June 16th, the total debt accumulated by the US has now surged an additional $658 billion as of August 10th.
Litecoin (LTC) Price Analysis: Bulls Aim Rally Above This Hurdle
Litecoin price is recovering from the $57.50 zone against the US Dollar, similar to Bitcoin. LTC price could climb again if there is a clear move above $65.80.
Litecoin Price AnalysisIn the past few sessions, there was a decent increase in Bitcoin, Ethereum, Ripple, and Litecoin against the US Dollar. Earlier, LTC formed a base above the $57.00 level.
The price started a recovery wave above the $58.50 and $60.00 levels. It broke the 23.6% Fib retracement level of the downward move from the $70.68 swing high to the $57.64 low. There was a break above a key bearish trend line with resistance near $60.80 on the 4-hour chart of the LTC/USD pair.
Litecoin price is recovering from the $57.50 zone against the US Dollar, similar to Bitcoin. LTC price could climb again if there is a clear move above $65.80.
Litecoin Price AnalysisIn the past few sessions, there was a decent increase in Bitcoin, Ethereum, Ripple, and Litecoin against the US Dollar. Earlier, LTC formed a base above the $57.00 level.
The price started a recovery wave above the $58.50 and $60.00 levels. It broke the 23.6% Fib retracement level of the downward move from the $70.68 swing high to the $57.64 low. There was a break above a key bearish trend line with resistance near $60.80 on the 4-hour chart of the LTC/USD pair.
New PlayMining GameFi Title Launching: “Rogue Roll Ruler’s”, a Competitive Web3 Board Game
The Play-and-Earn (P&E) digital board game Rogue Roll Ruler’s features competitive treasure-hunting gameplay set in a monster-populated dungeon.
SINGAPORE, Sept. 13, 2023 — Digital Entertainment Asset (DEA), a Singapore-based global Web3 entertainment company, has announced the upcoming launch of the new game title “Rogue Roll Ruler’s” on the PlayMining GameFi platform on September 14, 2023. Rogue Roll Ruler’s, which is developed and operated by third-party game developer Cross Games, joins a growing catalog of seven other Play-and-Earn (P&E) games on the PlayMining platform.
The Play-and-Earn (P&E) digital board game Rogue Roll Ruler’s features competitive treasure-hunting gameplay set in a monster-populated dungeon.
SINGAPORE, Sept. 13, 2023 — Digital Entertainment Asset (DEA), a Singapore-based global Web3 entertainment company, has announced the upcoming launch of the new game title “Rogue Roll Ruler’s” on the PlayMining GameFi platform on September 14, 2023. Rogue Roll Ruler’s, which is developed and operated by third-party game developer Cross Games, joins a growing catalog of seven other Play-and-Earn (P&E) games on the PlayMining platform.
Crypto Analyst Congratulates Traders on Surviving the Bear Market, Looks Ahead on Bitcoin (BTC)
A widely followed crypto analyst says that traders who have survived the bear market are finally coming out on the other side.
Crypto analyst Michaël van de Poppe sends his 669,200 followers on the social media platform X a congratulations, expressing his belief that the bear market is over.
“Congratulations, you’ve survived the Crypto bear market.”
A widely followed crypto analyst says that traders who have survived the bear market are finally coming out on the other side.
Crypto analyst Michaël van de Poppe sends his 669,200 followers on the social media platform X a congratulations, expressing his belief that the bear market is over.
“Congratulations, you’ve survived the Crypto bear market.”
Bitcoin Reclaims $41,000 on Spot ETF Buzz — Can ‘$50,000 BTC’ Arrive Sooner?
Bitcoin surged to new heights, breaking the $41,000 mark on Monday, marking its highest point in 18 months. The momentum followed a breakthrough past the $40,000 level earlier in the day, reflecting a remarkable 149% increase in Bitcoin prices in 2023 alone and pushing the coin’s market cap to approximately $810 billion.
The surge within the last 24 hours resulted in substantial liquidations, with approximately $209.8 million worth of positions being closed during this period, as per data from Coinglass. Notably, this price growth is particularly fueled by the growing optimism surrounding the potential approval of a spot Bitcoin exchange-traded fund (ETF).
Bitcoin surged to new heights, breaking the $41,000 mark on Monday, marking its highest point in 18 months. The momentum followed a breakthrough past the $40,000 level earlier in the day, reflecting a remarkable 149% increase in Bitcoin prices in 2023 alone and pushing the coin’s market cap to approximately $810 billion.
The surge within the last 24 hours resulted in substantial liquidations, with approximately $209.8 million worth of positions being closed during this period, as per data from Coinglass. Notably, this price growth is particularly fueled by the growing optimism surrounding the potential approval of a spot Bitcoin exchange-traded fund (ETF).
Bitcoin Cash Analysis: Bulls Aim For $300 or Higher
Bitcoin cash price is climbing above $260 against the US Dollar, like Bitcoin. BCH/USD could accelerate higher if it clears the $285 level.
Bitcoin Cash Price AnalysisBitcoin cash price formed a decent support base above the $230 level. BCH started a decent increase and was able to clear the $250 resistance zone.
The price climbed above the $260 and $270 resistance levels. It even spiked above $285 and traded as high as $289.48. It is now trading above the $250 zone and the 55 simple moving average (4 hours). The current price action is positive, suggesting high chances of more gains.
Bitcoin cash price is climbing above $260 against the US Dollar, like Bitcoin. BCH/USD could accelerate higher if it clears the $285 level.
Bitcoin Cash Price AnalysisBitcoin cash price formed a decent support base above the $230 level. BCH started a decent increase and was able to clear the $250 resistance zone.
The price climbed above the $260 and $270 resistance levels. It even spiked above $285 and traded as high as $289.48. It is now trading above the $250 zone and the 55 simple moving average (4 hours). The current price action is positive, suggesting high chances of more gains.
Up to Life Imprisonment in Store for Perpetrators of Crypto Crimes, According to New Rules From Korean Government
Breaking crypto laws in South Korea could soon come with a steep punishment.
The country’s new “Virtual Asset User Protection Act,” which is primed to come into effect in July, prohibits crypto market manipulation, certain types of trading and the use of undisclosed important information regarding digital assets.
Breaking crypto laws in South Korea could soon come with a steep punishment.
The country’s new “Virtual Asset User Protection Act,” which is primed to come into effect in July, prohibits crypto market manipulation, certain types of trading and the use of undisclosed important information regarding digital assets.
New Restrictions on Anonymous Crypto and Cash Transactions Approved by EU Officials
European Union (EU) officials are greenlighting new restrictions on anonymous transactions that involve crypto assets and cash.
Reporting on the social media platform X, Patrick Breyer, a German member of the EU Parliament, says that EU officials are banning cash payments over €10,000 ($10,862), anonymous cash payments over €3,000 ($3,258), and crypto payments to hosted wallets with no threshold.
European Union (EU) officials are greenlighting new restrictions on anonymous transactions that involve crypto assets and cash.
Reporting on the social media platform X, Patrick Breyer, a German member of the EU Parliament, says that EU officials are banning cash payments over €10,000 ($10,862), anonymous cash payments over €3,000 ($3,258), and crypto payments to hosted wallets with no threshold.
Bitcoin on Track To Explode by Over 1,500%, According to On-Chain Analyst Willy Woo – Here’s the Timeline
On-chain analyst Willy Woo believes Bitcoin (BTC) is on track to increase by over 1,500% based on one main driver.
Woo tells his 1.1 million followers on the social media platform X that increasing adoption of Bitcoin could drive the top-performing digital asset to $1 million within 11 years.
On-chain analyst Willy Woo believes Bitcoin (BTC) is on track to increase by over 1,500% based on one main driver.
Woo tells his 1.1 million followers on the social media platform X that increasing adoption of Bitcoin could drive the top-performing digital asset to $1 million within 11 years.