Analysis Crypto by Thebittimes.Com

Most of the best meme coins have risen to prominence in the crypto sector since the beginning of the year. Early investors have seen substantial returns from this surge. While meme coins have recently experienced relative stability, the post-U.S. elections and anticipated bull run have seen these tokens post exponential price growth.   Consequently, the meme coins sector grew by over 2% to post a market cap in excess of $60 Billion as of today. This Analysis by Insidebitcoins explores the factors behind the growing attention paid to these meme coins. It also examines why they are attracting investors’ interest while offering insights into their market movements and underlying trends. Best Meme Coins to Invest In Today Several meme coins are trending today despite their prices being lower than when the week started. These tokens are sure to grow higher as Donald Trump’s reelection has been predicted to ensure this upsurge. Insidebitcoins has identified three of...

Mike Novogratz. Source: a video screenshot, Bitcoin Magazine / YouTube Michael Novogratz, the founder of the US-based crypto financial services firm Galaxy Digital Holdings , could let go of up to 20% of the workforce amid the market downturn . Crypto exchange BitMEX has also reduced its staff.  According to a report by Bloomberg, there is no official plan for a workforce reduction at Galaxy Digital yet – rather, it is still being considered and developed, meaning that the final number of fired workers is still unknown. The report did say, however, that, “The final number could be in a range of 15% to 20%, according to people familiar with the matter.” The company reportedly has 375 employees across the world, per the data at the end of the second quarter, meaning that 75 people could possibly be fired. Galaxy’s spokesperson Michael Wursthorn was quoted as saying that, “We are always considering optimal team structure and strategy a...

Join Our Telegram channel to stay up to date on breaking news coverage The CEO of Coinbase, Brian Armstrong, believes that decentralized finance (DeFi) should be protected from regulatory overreach. Armstrong has also expressed gratitude to some US lawmakers attempting to bring regulatory clarity in the crypto and DeFi space. Coinbase CEO says DeFi should be protected from regulatory overreach Armstrong has voiced his opinion on what he believes regulations should be like within the DeFi and crypto space in general. Armstrong has commended US legislators Debbie Stabenow and John Boozman for their efforts in attempting to introduce crypto and DeFi regulations. The two US Senators have been involved in developing the legislation needed to support the Commodity Futures Trading Commission (CFTC) in regulating the crypto spot markets by creating a new asset class known as “digital commodities.” “Worth stating for the record, DeFi should be protected in any leg...

Source: Paegag/Adobe The five biggest crypto exchanges in South Korea have signed a “crypto crime-fighting” MOU deal with the nation’s police force – and will work with officers fighting crypto-powered money launderers and crypto scam artists. According to Fn News, the exchanges – the market-leading Upbit and Bithumb, as well as Korbit, Coinone, and Gopax – have agreed to work with police investigations into “crimes related to virtual assets” and “prevent damage” to investors. The police explained that the rate of crime &ldquo ;in the investment sector” was now on the rise and spoke of a fast-developing crypto and stock investment “craze.” Upbit trading volumes. (Source: CoinGecko) Officers also noted that the size of the domestic crypto market is continuing to rise – although the past few months have seen a slowdown with the onset of the bear market. But, they noted, more and more S...