TokenPunkies

The recent rise in the number of Bitcoin wallets holding a non-zero balance of the cryptocurrency has reached a new record high. This suggests that despite the bear market in 2022 and a challenging global economic outlook for 2023, the adoption of the world's first and largest cryptocurrency by market capitalization is still increasing. Data presented by crypto analytics firm Glassnode showed that on January 8th, 2023, the number of Bitcoin addresses with a non-zero balance rose above 43.8 million for the first time, surpassing the previous record high of 43.76 million which was reached in mid-November 2022. Source: Galssnode Bitcoin New Addresses The growth in the number of Bitcoin wallets with a non-zero balance is a positive sign for the cryptocurrency. It indicates that more and more people are acquiring and holding Bitcoin, leading to an increase in the overall adoption of the digital currency. Despite the challenges that the cryptocurrency market faced in 2022, the steady g...

The UK government has taken a step towards regulating the crypto industry by publishing a consultation paper on a new regulatory framework. The paper focuses on creating a comprehensive regime that covers various aspects of the crypto industry such as crypto service providers, consumer protection, and market abuse prevention. The Treasury hopes that the new rules will create clear and effective regulation for the industry. Economic Secretary to the Treasury Andrew Griffith aims to have "proactive engagement with the industry" in order to regulate crypto more effectively. The industry has until the end of April to provide feedback on the proposed regulations. The crypto industry has responded positively to the government's proposals. Ian Taylor, a board advisor of CryptoUK, welcomed the move towards greater regulatory clarity and emphasized the importance of industry consultation. He stated that the group will respond to the consultation and advocate for regulation that is...

LUNC, valued at over $1 billion on the Terra Classic protocol, is approaching a 17.54% growth that could drive its price to $0.00021. Its value has risen by 6.5% in the past 24 hours and is currently being traded at $0.0001775.   CoinMarketCap data shows that investors are positioning themselves for this potential outcome, with a 48% increase in 24-hour trading volume to reach $100 million. This surge in trading activity indicates a growing interest in LUNC, either due to bullish sentiment or aggressive buying. The high volume suggests a rising demand for the token, which could support a sustainable uptrend.   A significant increase in trading volume indicates that either investors are highly optimistic about the asset or the token's bullish trend is intensifying. The surge in demand for LUNC suggests a potential for a sustained upward trend.   The Terra Luna Classic Price is poised for a 17.54% surge, as it approaches the top of a triangular pattern. The pric...

 BTC to US$ 32,000-50,000 Bitcoin, the world's largest cryptocurrency by market capitalization, has had a volatile journey since its inception in 2009. Despite the ups and downs, the digital asset has managed to establish itself as a store of value and a hedge against inflation.   In recent times, the price of Bitcoin has been on a bullish run, breaking several all-time highs. This trend is expected to continue, with several experts predicting that the price of Bitcoin will reach $32,000 in the near future.   One of the major factors driving this prediction is the increasing institutional adoption of Bitcoin. Large corporations such as Tesla and Square have invested billions of dollars in the cryptocurrency, providing a vote of confidence in its long-term potential. Additionally, the growing acceptance of Bitcoin as a legitimate form of payment by mainstream companies is also contributing to its growing mainstream acceptance.   Another factor to consider ...

Bitcoin, the world's largest cryptocurrency by market capitalization, has been on a roll lately. After hitting lows of around $3,800 in December 2018, the price of BTC has been steadily climbing and recently broke out above $8,000. This has many analysts and investors wondering if we are seeing a repeat of the bull run that took place in 2019. One crypto analyst, who prefers to remain anonymous, believes that the current rally could be the start of another big breakout for Bitcoin. He points to several factors that could be driving the price higher. A widely followed crypto analyst says that Bitcoin ( BTC ) could be brewing a repeat of its 2019 breakout after forming a similar pattern over the last few weeks. First, the analyst notes that institutional investors are becoming more involved in the crypto space. This is evident in the growing number of companies, such as Fidelity and Intercontinental Exchange, that are launching crypto-related products and services. As more in...

Shiba Inu achieves milestones and price explodes – Will SHIB price hit $0.10? ·         Shiba Inu’s price has gained about 44 percent in the last 30 days with its trading volume up over 168 percent in the last 24 hours. ·         South Korea’s largest crypto exchange Upbit on January 18 announced listing Shiba Inu against Korean Won (KRW). The second largest meme coin, Shiba Inu (SHIB), has obliterated FTX losses in the past three weeks. The rally that was fueled by Bitcoin whales has continued in the past few days following the launch of Shibarium beta. According to our latest crypto price oracles, Shiba Inu’s price has gained almost 5 percent in the past 24 hours to trade around $0.000012 on Saturday and 19 percent in the last 7 days. However, the rally cooled down during the European trading session. The Vitalik Buterin-backed meme coin went parabolic following increased FOMO traders in the past few weeks. Noneth...

 Since last Crypto Explosion Investors lost more than $2 Trillion       ·          A year after bitcoin peaked at more than $68,000 it’s down below $18,000.  ·          The industry has been hit with macroeconomic challenges, market forces and scandals. ·      What was dubbed the crypto winter earlier this year turned disastrous this week with the spectacular collapse of FTX. A year ago this week, investors were describing bitcoin as the future of money and ethereum as the world’s most important developer tool.  Non-fungible tokens  were exploding,  Coinbase  was trading at a record and the NBA’s Miami Heat was just into its first full season in the newly  renamed  FTX Arena. As it turns out, that was peak crypto. In the 12 months since  bitcoin  topped out at over $68,000, the two largest digital currencies have ...