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Axie Infinity is hovering in a Negative Zone Especially after a 20% Price Dip

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On June 1, the trading price of Axie Infinity (AXS) ended up experiencing a sharp downward trend. The report shows that the price of Axie Infinity has started moving in the lower direction. It is a sudden drop that has been recorded in the trading price of Axie Infinity and the entire investment community has … Read more

Impoverished Investors Turn To Bitcoin

Countries all across the world are crumbling under the burden of debt incurred as a result of the paper money system. Inflation is common right now, and buying bitcoin is one of the only methods to protect your assets. Bitcoin and other cryptos are not after by the government in any way. No matter how … Read more

On-Chain Data Shows Ethereum Whales Accumulating Tokens

Some of the largest Ethereum whales are active on most decentralized networks as they accumulate tokens. Chainlink (LINK) and other altcoins on the decentralized protocols are the preferred tokens of the Ethereum whales. The blockchain tracking form, WhaleStats, disclosed that the top 100 whales on the Ethereum network have the same preferences. Stablecoins, some selected … Read more

Ben Bernanke Dismisses Adoption of Bitcoin as a Legal Tender

According to Ben Bernanke, former Federal Reserve Chairman, Bitcoin will not replace traditional payment methods in an interview with CNBC on Monday. According to Bernanke, they designed BTC to function as an alternative for fiat money, but it has failed to do so. According to a top American economist, no one can buy groceries with … Read more

Microstrategy Among The Top Gainers As Crypto-Related Stocks Record Massive Profits

Over the last couple of weeks, when the authorities announced increasing interest rates to combat growing inflation, there has been intense selling pressure in the equities and crypto markets. However, the crypto market is showing gradual recovery amidst the collapse of Terra’s stablecoin (UST). The leading digital asset (BTC) has recovered from a 16-month low, … Read more

Cryptocurrency Meltdown Increasing El Salvador’s Chances of Defaulting On Its Debts

Based on a report released earlier this week, it seems like El Salvador would not be able to pay up its debts after losing one-third of its investment in Bitcoin investments and legalizing Bitcoin as a legal tender. El Salvador’s President Began Investing in BTC, But It Failed The Wall Street Journal has reported that … Read more

Bitcoin Set For Its Worst Bearish Week

The flagship coin could head straight into its worst week of losses in history as investors show fear of low liquidity due to the hike in interest rates.  Currently, bitcoin is arguably in the worst state, falling 7.4% last week. A further capitulation will see the largest cryptocurrency head into six consecutive weeks of losses, … Read more

Shiba Inu Supply Shrinks As 2.41 Billion SHIB Got Burned

Last week, about 2.41B SHIB tokens were burned, which led to the shrinkage of the overall supply of the famous “doggy meme” token and its resultant scarcity. Conversely, a whale purchased a whopping $ 20.7 million worth of SHIB. Since last weekend, the Shiba Inu token (SHIB) price has skyrocketed to roughly 20 percent. There … Read more

Robinhood Holds About 31.42% of Dogecoin Supply

According to Dogecoin Whale Alert, the Robinhood wallet 333495 contains 6 Dogecoin wallet addresses featuring the DBs4WcRE7eysKwRxHNX88XZVCQ9M6QSUSz string storing over 30B DOGE, or $4B. It equates to 22.9 percent of the total amount in distribution. The 2nd wallet, 1699275, contains 2 wallet addresses that feature Dogecoins, as demonstrated by the statistics, although their cache is … Read more