Author: Top Rated Cryptos

The Profitability of Bitcoin Reaches Record High, Surpassing 83% Key Points: The share of potential profit-generating Bitcoins (BTC) has reached an all-time high of 83.7% of the total supply. This milestone, according to a report by Bitfinex analysts, is the highest figure since November 2021. Experts highlight that the owners of these 16.3 million BTC are positioned for potential gains. The surge in profitability reflects the growing interest and adoption of Bitcoin. Factors contributing to the rise in potential profits include Bitcoin’s price surge and the increased participation of institutional investors. Increased profitability may encourage more investors to enter the…

Top Cryptocurrency Picks for November 2023: XRP, Cardano (ADA), and Everlodge (ELDG) Key Points: XRP, Cardano (ADA), and Everlodge (ELDG) have shown promising potential in the cryptocurrency market. Investors should consider these coins for potential growth and long-term investment. XRP has established itself as a reliable option for cross-border transactions and has gained partnerships with major financial institutions. Cardano (ADA) offers a robust blockchain platform that focuses on sustainability, security, and scalability. Everlodge (ELDG) is a promising new entrant in the market, providing a decentralized solution for the hospitality industry. It is important for investors to conduct thorough research and…

New Study Finds Bitcoin Mining Can Help Balance Clean Energy Grid Key Points: A recent working paper authored by Bitcoin advocates and the former head of ERCOT highlights the potential of Bitcoin mining in supporting clean energy and grid stability. The paper argues that Bitcoin mining can incentivize the development of renewable energy projects by offering a reliable and profitable market for excess electricity. Bitcoin miners can dynamically adjust their consumption based on grid conditions, assisting in grid stability by providing flexible demand. The study suggests that the integration of Bitcoin mining with renewables could encourage the expansion of clean…

China Nears the Final Stage of its Digital Yuan Pilot Key Points: China is progressing with its central bank digital currency (CBDC) trial. The former governor of the People’s Bank of China (PBoC) states that the final stage is imminent. The digital yuan pilot has been ongoing for several years. China aims to enhance the efficiency and security of its financial systems with the CBDC. Wide-scale adoption and launch of the digital yuan are expected in the near future. China’s Digital Yuan Pilot Reaches Advanced Stage China is rapidly advancing in its efforts to launch a central bank digital currency…

Arthur Hayes Criticizes Traditional Finance Industry and Double Standards in Crypto Key Points: BitMEX founder Arthur Hayes speaks out against double standards in the crypto industry He highlights the treatment of Changpeng Zhao and Binance as an example Hayes argues that traditional finance industry is threatened by the rise of cryptocurrencies He calls for a fair and level playing field for all participants in the financial markets BitMEX founder, Arthur Hayes, recently took to his blog to express his concerns about the double standards prevailing in the crypto industry. In a scathing critique of the traditional finance industry, he argued…

XRP and Shiba Inu Poised for a Potential Rally in Early 2024 Key Points: XRP and Shiba Inu show promise for a potential rally in early 2024. Investors are increasingly interested in Meme Moguls and its involvement in the Play-to-Earn (P2E) space. A wave of excitement sweeps across cryptocurrency markets as industry insiders predict a potential rally for XRP and Shiba Inu in early 2024. These two cryptocurrencies have caused quite a stir in recent weeks, captivating the attention of both seasoned traders and enthusiastic newcomers alike. As investors keep a close eye on the market, another trend is gaining…

SEC Investigating Binance.US for Alleged Backdoor Mechanism Key Points: The U.S. Securities and Exchange Commission (SEC) is conducting an investigation into Binance.US. The investigation aims to reveal evidence of a potential backdoor mechanism similar to FTX’s, which could have resulted in control over customer assets. FTX, another prominent cryptocurrency exchange, previously faced scrutiny over its mechanism. The SEC’s intensified efforts suggest a determination to uphold regulatory compliance within the cryptocurrency industry. Article: The U.S. Securities and Exchange Commission (SEC) is ramping up its investigation into Binance.US, in an effort to uncover evidence of a potential backdoor mechanism that may have…

Australian Crypto Exchange Swyftx Teams Up with TRM Labs to Fight Scammers Key Points: Australian crypto exchange Swyftx partners with TRM Labs to combat fraud and scams in the cryptocurrency industry. The collaboration aims to enhance the security measures and protect the users of Swyftx from potential risks. TRM Labs will provide advanced blockchain forensic tools to identify and track fraudulent activities. The partnership is in response to the increasing number of crypto scams and losses in the market. As the cryptocurrency industry experiences a surge in fraud and scams, Australian crypto exchange Swyftx is taking a proactive step to…

Oggy Inu (OGGY) Soars by 40% in 24 Hours Key Points: Oggy Inu (OGGY) experiences a significant surge, rising by 40% in just 24 hours. Nugget Rush (NUGX), an emerging alternative to Pepe (PEPE), raises an impressive $600,000 in its ongoing presale. The cryptocurrency market is known for its volatility and unpredictability, often witnessing sudden surges and drops in prices. Oggy Inu (OGGY) has become the latest contender in this exciting landscape, as it experiences a notable rise of 40% within a span of just 24 hours. Oggy Inu (OGGY) is a digital currency that has been gaining attention in…

Cortex’s CTXC Token Soars as Top Trading Pair with USDT on Binance Key Points: The native token of Cortex blockchain, CTXC, has gained significant bullish momentum. CTXC has become the top trading pair with USDT on Binance, the largest cryptocurrency exchange. The token has experienced a 25% surge in value in the past 24 hours. Investors and enthusiasts are closely following the development of Cortex’s blockchain technology. The native token of the Cortex blockchain, CTXC, is making headlines in the cryptocurrency market as its value continues to skyrocket. The asset has gained massive bullish momentum and emerged as the top…