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FTX has officially announced its intention to relaunch the exchange. The bankruptcy administrators have recently filed a proposal for the restart of FTX.com, specifying that the exchange will primarily cater to offshore clients. Also read: BALD Faces Rug Pull Fears as Developer Withdraws Liquidity However, the bold decision has attracted the attention of several crypto players. Billy Markus, aka Shibetoshi Nakamoto, the co -founder of Dogecoin , has recently commented on the revelation. why tho — Shibetoshi Nakamoto (@BillyM2k) August 1, 2023 Dogecoin co-founder questions the move by FTX The Dogecoin co -founder replied to a Twitter user who shared the news that FTX was planning to move its business outside. He replied “why tho”, questioning the motive behind the move. As per the plan, former FTT holders will not receive any compensation. The bankrupt exchange is in the process of categorizing its creditors into distinct classes of ...

Shiba Inu (SHIB) and Dogecoin (DOGE) are the most popular memecoins, with massive fan followings. Both projects are among the top 15 by market cap. Although both projects share a lot of similarities, they are considered rivals with distinct differences. The DOGE vs. SHIB battle has been ongoing since SHIB’s debut in August 2020. Both have been pitted against each other by their respective fans and communities, with the larger market bearing witness. With that being said, let us take a look at a few fronts that will help us better understand which project has an upper hand in 2023. Dogecoin vs Shiba Inu: Who wins in 2023? Utility : Utility is one of the most important indicators of a project. Dogecoin ’s biggest utility is, it is being used as a mode of payment. Several companies have begun to accept DOGE as payment since DOGE’s price increase in 2021 and accompanying growth in popularity. These companies include Twitch, AirBaltic, AMC, Tesla, and GameStop, to name a few....

Strong U.S. jobs data for January could not pull Bitcoin and select altcoins lower, indicating a strong bullish undercurrent. Bitcoin’s (BTC) rally in 2023 has been boosted by expectations that the United States Federal Reserve will slow down the pace of its rate hikes as inflation has started cooling down. Some even anticipate a rate cut by the end of the year. That assumption received a jolt on Feb.3 when the U.S. employment data for January beat expectations and unemployment hit its lowest level since May 1969. If markets do not react negatively to news perceived as bearish, it’s a sign that the sentiment has turned positive. Traders may then shift their focus to the next important economic data release. Trading firm QCP Capital said in its latest market update that the Consumer Price Index print on Feb. 14 could move markets. They believe the risks to the data are to the upside. Daily cryptocurrency market performance. Source: Coin360 The current crypto bear market seems to have ...

Bitcoin and select altcoins remain under pressure as bounces off support levels are being sold into. Investors have faced a tumultuous year in 2022 as stocks, bonds, and the cryptocurrency sector have all witnessed sharp declines. As of Nov. 30, the performance of a traditional portfolio comprising 60% stocks and 40% bonds has been the worst since 1932, according to a report by Financial Times. The next big question troubling crypto investors is whether the pain in Bitcoin (BTC) is over or will the downtrend continue in 2023. Analysts seem to be divided in their opinion for the first quarter of the new year. While some expect a drop to $10,000 others anticipate a rally to $22,000. Daily cryptocurrency market performance. Source: Coin360 While the near-term remains uncertain, research and trading firm Capriole Investments said in its latest edition of the Capriole Newsletter that Bitcoin could copy gold’s explosive bull move in the 1970s and if that happens, Bitcoin could soar past $6...

The cryptocurrency realm has witnessed some of the biggest catastrophic falls in 2022. From the fall of the Terra empire in May to the recent fall of the FTX empire, those that were seen as robust entities to the outside world collapsed in a span of a few days. The slew of events also caused harm to millions of investors and firms who had invested their trust in these firms. Global regulators have also been triggered due to these unforeseen events. It has also raised concerns about the types of frameworks that would be imposed on cryptocurrencies in the future. Amidst all the chaos, the market has been struggling to make a comeback. Over the last 24 hours, meme coins, including Dogecoin and Shiba Inu, have lost a chunk of their gains. Let us look at what caused these drops in price. Dogecoin and Shiba Inu prices dropped on Monday DOGE and SHIB lost well over 8.4% and 4.4%, respectively, in the last 24 hours. Both of these meme coins are trading at $0.08818 and $0.00000885...