Core Ignition Drop Claiming Guide

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 The Core Ignition Drop, which started the rewards claim on June 10, 2024, allows Coretoshis (Core Community) to unlock incentives for their contributions and engagement in the Core Blockchain. The Incentives claimed by the participating community are based on their activities up from the day they join the program until the snapshot is taken. In this article, I will discuss how to participate in the Core Ignition Drop, its benefits, and more. What is Core Ignition? Core ignition is an incentive program developed by the Core Foundation to jumpstart the growth of the DeFi ecosystem on Core Blockchain, the program started on March 11th, 2024, and will continue for six months, providing ample time for users to participate and reap the benefits, rewarding the community for their contributions to the network. By participating, users can earn rewards while simultaneously helping to fuel the growth and adoption of the Core ecosystem. The Core Ignition Program is for both ecosystem users and We
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Bitcoin drop 5 percent in value along with other alt-coin 12 and 18 percent respectively this week

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In the course of a few days this week, the total cryptocurrency market lost $18 billion of its already waning value. bitcoin began to stabilize on Friday.

Bitcoin the largest and most widely owned digital asset began to drop on Wednesday evening and fell below $6,200 for the first time in a month, according to data from CoinDesk. Bitcoin was mostly stable in the $6,200 range as of Friday afternoon but had started this week off well above $6,500, ending the week about 5 per cent lower.

Other cryptocurrencies, known as "altcoins," fared much worse. Ether, the second-largest cryptocurrency by market capitalization, has dropped 12 per cent in a week while the third-largest XRP is down 18 per cent in seven days.

The total market capitalization for cryptocurrencies was $201 billion on Friday, down from $219 billion on Tuesday. The market has struggled to recover to anywhere near crypto's $820 billion peaks in January according to CNBC.

According to the report from Brian Kelly, founder, and CEO of BKCM, the sell-off started after the rumours that cryptocurrency exchange Bitfinex was going to suspend all deposits from fiat currencies.
That spooked investors a little bit- it was a main cause of the downdraft but we're seeing prices mostly back to normal," Kelly said. The exchange posted a response to the reports and reassured investors that "Bitfinex is not insolvent, and a constant stream of Medium articles claiming otherwise is not going to change this.

Kelly highlighted also positive regulatory news of Asia that may have aided bitcoin's recovery. Financial regulators in South Korea will reportedly announce an official stance on initial coin offerings in November. Regulators in Singapore meanwhile will help existing cryptocurrency firms set up local bank accounts, according to a report from Bloomberg. 


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