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...

 BTC Surpass $23K Bitcoin (BTC) has seen a significant price spike in recent days, with the cryptocurrency breaking above $23,000 for the first time since December 2017. This has many investors wondering if a new bull market is starting for Bitcoin. One of the main factors driving the recent price increase is the growing institutional interest in Bitcoin. Major companies such as Square and MicroStrategy have invested billions of dollars in the cryptocurrency, and more and more traditional financial institutions are beginning to take notice. This institutional adoption is seen as a sign of increasing mainstream acceptance and legitimacy for Bitcoin. Bitcoin Reaches Historic Highs, Surpassing $23K Mark Another factor contributing to the price increase is the ongoing economic uncertainty caused by the COVID-19 pandemic. With governments around the world printing money to stimulate their economies, many investors are turning to Bitcoin as a hedge against inflation. However, i...

Penny Cryptos ·         Getting involved in early-stage crypto projects can produce major long-term returns. That’s why so many TikTok creators focus on making crypto predictions. ·         Prices for these projects are undervalued as the best penny cryptos are often highly innovative technological solutions that can revolutionize key global industries. For investors looking to make significant long-term gains, the best penny cryptos can be a reliable source of alpha. So, without further ado, here are the best penny cryptos according to TikTok to watch out for right now: 1.       Metacade (MCADE) 2.       Stellar Lumens (XLM) 3.       Tron (TRX) 4.       VeChain (VET) 5.       Hedera (HBAR) 6.       Cronos (CRO) 1. Metacade (MCADE) Metacade ...

Experts Predict Crypto Prices to Explode to All Time Highs if This Happens Prices of major cryptoassets could explode higher if US economic data this week indicates that the Federal Reserve could soon be done with their interest rate hikes. After a  strong week  for  bitcoin (BTC)  and many other cryptos last week, traders are now looking for any clues of what could fuel the next leg higher. And with a massive release of important US economic data expected this Wednesday, the positive trigger traders are looking for could come sooner rather than later. Most important of the data expected on Wednesday will be the Producer Price Index (PPI), which measures the change in prices paid to producers of goods in the US. It differs from the better-known Consumer Price Index (CPI), which is the change in prices paid by consumers, but still gives a good indication of what is happening with inflation. The number is expected to come in at -0.1, and any reading lower than that c...

Ethereum Upgrade Could Make It Harder to Lose All Your Crypto Account abstraction – a concept recently embraced by Visa – could make Ethereum wallets significantly more user friendly. Ethereum developers are hard at work trying to make its blockchain more user-friendly. One of the downfalls of crypto is the costliness of simple screw-ups. For instance, if a user loses the keys to their crypto account, they could lose access to their crypto holdings forever. In the face of this and other potential pitfalls, it’s vastly easier to lose your money in crypto than in traditional banking. Blockchain developers increasingly recognize that human error is an inevitability, meaning it will be difficult to push crypto into the mainstream without fail-safes and better ease of use. One of those innovations is a concept called “Account Abstraction.” Account Abstraction (AA) aims to use smart contracts to execute crypto transactions, by creating certain validity rules. With AA, users won’t nee...