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Cryptocurrencies Today: News, Analysis, and Predictions

If you're looking for the ultimate source of cryptocurrency information, you've come to the right place. This webpage is your one-stop destination for everything you need to know about the crypto world, from news, analysis, reviews, signals, opinions, forecasts, and more. Whether you're a beginner or a pro, you'll find something here to help you make better trading decisions and achieve your trading goals.

This webpage scours the entire web for the latest and most reliable information on all things crypto, and brings it to you in one convenient place. You can get an overview of everything that's happening in the crypto markets with just one click, or dive deeper into the topics that interest you the most. You'll find comprehensive coverage of the major cryptocurrencies, such as Bitcoin, Ethereum, Ripple, and Litecoin, as well as emerging ones, such as Cardano, Polkadot, and Solana. You'll also discover the best practices, tips, and strategies for trading and investing in crypto, as well as the latest developments in blockchain technology, policy and regulations, mining, and innovation.

This webpage is made for crypto-traders who want to stay updated on the latest crypto market trends, news, and opportunities. You'll also get access to the best sources of crypto education, insights, and guidance from experts and enthusiasts who share their knowledge and experience with you. Whether you want to learn the basics of crypto, improve your skills, or explore new possibilities, this webpage has something for you.

Don't miss out on the opportunity to join the crypto revolution. Bookmark this webpage today and start your journey to crypto success!

 

The Ultimate Comprehensive and Up-to-Date Source to Master the Crypto Markets:

  • President Bukele suggests set up a bank for Bitcoin investors

    Jun 17, 2024 | 08:40 am

    President Nayib Bukele of El Salvador has suggested the setting up of a privately operated bank for exclusively addressing the financial requirements of Bitcoin investors. The aim is to make it differ from the services rendered by normal banks.   According to the Ambassador to the US, Milena Mayorga, as a significant step towards their plans …

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  • Bitcoin’s New Normal: Prices Over Five-Digits for 28% of Its Lifetime

    Jun 17, 2024 | 08:35 am

    Over the past week, bitcoin has declined by 4% against the U.S. dollar from June 9 to June 16, 2024, yet it has surged over 152% in the past year. This year, bitcoin has maintained a position above the $60,000 mark for a record-setting 107 days so far. Bitcoin’s Resilient Streak: Maintaining Highs Amid Market […]

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  • Malaysia Tightens The Noose On Crypto Taxation With Nationwide ‘Ops Token’ Initiative

    Jun 17, 2024 | 08:30 am

    To curb tax evasion within the cryptocurrency sector, the Malaysian Inland Revenue Board (IRB) has initiated a special operation named “Ops Token.” This campaign, conducted with the assistance of the Royal Malaysia Police and CyberSecurity Malaysia, targeted several business entities across the Klang Valley suspected of underreporting their cryptocurrency transactions. Related Reading: Crypto Investors Rejoice: […]

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  • Bitcoin Runes Achieves Remarkable Feat: 2500 BTC in Fees in Record Time

    Jun 17, 2024 | 08:27 am

    TL;DR Bitcoin Runes racks up over 2,500 BTC in transaction fees in less than two months. The Bitcoin Runes initiative has significantly increased transaction fees on the Bitcoin network, benefiting miners after the 2024 halving. Runes-related transactions represent a prominent proportion of the total transactions on the Bitcoin network. Bitcoin Runes, a new protocol for ... Read more

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  • Lawmakers & blockchain innovators to meet for bitcoin reflection

    Jun 17, 2024 | 08:20 am

    Congressman Ro Khanna is initiating a meeting to reflect on the stand of the US towards bitcoin and blockchain. In attendance will be the US lawmakers, as well as the big-time players involved in the innovation of blockchain technology.  This is slated for sometime in July and will witness the Biden administration, as well as …

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  • Cardano and Voltaire: Advancing Core Technology and Community Governance

    Jun 17, 2024 | 08:09 am

    Cardano’s co-founder Charles Hoskinson recently reminded the ADA skeptics that major network upgrades will propel its adoption exponentially.  The ongoing crypto bearish outlook has pushed ADA price against the US dollar to further losses, with a major rebound on the horizon. Cardano (ADA), a legacy layer one (L1) blockchain with vibrant web3 development, has attracted [...]

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  • Cardano in peril: Will ADA price crash to $0.38?

    Jun 17, 2024 | 08:00 am

    Cardano (ADA), once heralded as a blockchain revolution, is currently facing a troubling future outlook. Market analysts and traders are closely monitoring ADA, as signs suggest a potential plunge to $0.38. This prediction is rooted in a combination of market dynamics, technical analysis, and broader economic factors impacting the cryptocurrency space. An examination of Santiment’s …

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  • PlayDoge Meme Coin Hits New Heights with $4.5M Presale Raise, Analyst Forecasts Big Gains

    Jun 17, 2024 | 08:00 am

    PlayDoge (PLAY) is cementing itself as one of the most anticipated new meme coin launches this year. The retro Play-to-Earn project has blown past the $4.5 million milestone in presale. And with that early backing, some analysts believe PLAY could be in line for sizable gains once listed on DEXs. ‘90s Nostalgia Fuels Early Demand […]

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  • Ethereum Foundation Moves $64.4 Million Worth Of ETH, Is This A Dump?

    Jun 17, 2024 | 08:00 am

    The Ethereum Foundation is again in the news following its recent transaction involving millions of Ethereum (ETH) tokens. The non-profit organization’s Ethereum transactions are always significant, considering the impact they usually have on the second-largest crypto token.  Ethereum Foundation Transfers $64.4 Million Worth Of ETH Crypto journalist Colin Wu revealed in an X (formerly Twitter) [...] The post Ethereum Foundation Moves $64.4 Million Worth Of ETH, Is This A Dump? appeared first on Crypto Breaking News.

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  • SEC Rejects Ripple’s Push for Lower Penalty

    Jun 17, 2024 | 07:56 am

    YEREVAN (CoinChapter.com) — The United States Securities and Exchange Commission (SEC) has rejected Ripple Labs’ request for a lower penalty. On June 13, Ripple asked for a penalty “no more than $10 million,” citing the SEC’s settlement with Terraform Labs. However, the SEC disagreed with this comparison, rejecting the company’s response. SEC Stands Firm on […] The post SEC Rejects Ripple’s Push for Lower Penalty appeared first on CoinChapter.

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  • Biden admin, Mark Cuban reportedly set for high-stakes Bitcoin roundtable in DC

    Jun 17, 2024 | 07:45 am

    Over the weekend, Bitcoin Magazine reported that US Congressman Ro Khanna, representing California’s 17th congressional district, is set to host a Bitcoin and blockchain roundtable in Washington, D.C., in early July, according to a private email sent by Khanna’s office and seen by Bitcoin Magazine. Khanna’s office reportedly described the upcoming meeting as “the most […] The post Biden admin, Mark Cuban reportedly set for high-stakes Bitcoin roundtable in DC appeared first on CryptoSlate.

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  • Bitcoin Stalls at $66,000 – Is the Bull Market Over or Will Altcoins Like Ethereum Set New ATH?

    Jun 17, 2024 | 07:43 am

    Bitcoin has been stuck around $66,000 for the past five days, with data showing that investors are getting jittery, even as BTC investment products lose over $600 million in outflows. Analysts say that BTC could retest $60,000, and a breach would lead to a drop to $48,000, but a resurgence in altcoin momentum could bail [...]

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  • Bitwise predicts the potential of Crypto and AI growth

    Jun 17, 2024 | 07:40 am

    According to the report, the integration of crypto and artificial intelligence will have a big impact on the economy. The American spot Bitcoin ETF provider made the forecast at an annual conference in Austin. The conference witnessed the exchange of innovative ideas like the future of blockchain, blockchain regulation, and artificial intelligence. Its heated discussions …

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  • Australian Securities Exchange Gives Its First Approval of a Spot Bitcoin Listing to VanEck

    Jun 17, 2024 | 07:36 am

    Unlike in the U.S., in Australia, firms require the approval of the regulator, the Australian Securities & Investments Commission (ASIC), and then the exchange listing the product. In May, ASIC told CoinDesk via an email that DigitalX Ltd., VanEck and BetaShares either had “the relevant licence themselves or are working with another firm that has [...] The post Australian Securities Exchange Gives Its First Approval of a Spot Bitcoin Listing to VanEck appeared first on Crypto Breaking News.

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  • Crypto Economy Shrinks, Over 3 Dozen Coins Record Double-Digit Losses

    Jun 17, 2024 | 07:35 am

    While the crypto market experienced a general decline, with bitcoin dropping 5.6% and ethereum falling 4.4%, roughly six crypto tokens managed to stand out over the past week. Weekly Crypto Report: Bitcoin and Ethereum Drop, Numerous Tokens See Major Losses As of this writing, the global crypto market capitalization stands at $2.39 trillion, reflecting a […]

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  • Memecoin Traders Capitulate As Crypto Market Forms Downturn: On-Chain Data

    Jun 17, 2024 | 07:30 am

    Blockchain tracking firm Lookonchain has spotted two sizeable traders capitulating on their memecoin positions as the digital assets market continues to correct. The firm says one trader with a seven-figure position capitulated on his Pepe (PEPE) holdings after holding for just over one month. “This PEPE trader capitulated and sold all 114.7 billion PEPE for […] The post Memecoin Traders Capitulate As Crypto Market Forms Downturn: On-Chain Data appeared first on The Daily Hodl.

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  • South Korea’s New Crypto Law Might Delist 600 Altcoins If Fails To Meet

    Jun 17, 2024 | 07:28 am

    The post South Korea’s New Crypto Law Might Delist 600 Altcoins If Fails To Meet appeared first on Coinpedia Fintech News South Korea’s cryptocurrency market is in for a big change as the country’s Financial Services Commission (FSC) gets ready to implement strict rules under the new Virtual Asset User Protection Act.  These regulations could lead to the delisting of approximately 600 altcoins from crypto exchanges if they fail to meet the FSC’s standards. New Law …

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  • What Does Spread Mean in Betting? Our Guide On How To Bet On Sports

    Jun 17, 2024 | 07:23 am

    Whether you’re a seasoned bettor or just starting, grasping the concept of the spread is crucial for navigating the betting landscape successfully. In this article titled “What does spread mean in betting? Our guide on how to bet on sports,” we will unravel the intricacies of spread betting. From the basics to strategic insights, we’re […] The post What Does Spread Mean in Betting? Our Guide On How To Bet On Sports appeared first on CoinChapter.

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  • The inspirational success story of an Australian Bitcoin miner

    Jun 17, 2024 | 07:20 am

    The recent price hike can be attributed to the capability of Iren Energy to run NVIDIA’s AI chips in its data centers. It is expected that Iren will tap the infinite potential of the AI gold rush. Iren has data centers in British Columbia and Texas and they are backed by renewable energy sources. They …

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  • Binance Lists zkSync’s ZK Token: New Trading Pairs and Community Distribution Program Announced

    Jun 17, 2024 | 07:20 am

    The post Binance Lists zkSync’s ZK Token: New Trading Pairs and Community Distribution Program Announced appeared first on Coinpedia Fintech News Binance has made big news in cryptocurrency by listing zkSync’s ZK token and launching a distribution program to boost community involvement. Mixed Reactions to Trading Pair Selection zkSync’s ZK token, renowned for its layer 2 scaling solution on Ethereum using zero-knowledge proofs (ZK), will start trading on Binance on June 17th. However, The ZKsync (ZK) …

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  • Tether Debuts New ‘Synthetic’ Dollar Backed by Tokenized Gold in Tokenization Push

    Jun 17, 2024 | 07:18 am

    “Alloy by Tether is an open platform that allows to create collateralized synthetic digital assets and will soon be part of the new Tether digital assets tokenization platform, launching later this year, Paolo Ardoino, CEO of Tether,” said in an X post. The platform may potentially offer yield-bearing products in the future, said Tether in [...] The post Tether Debuts New ‘Synthetic’ Dollar Backed by Tokenized Gold in Tokenization Push appeared first on Crypto Breaking News.

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  • Toncoin Blockchain’s TVL Doubles in Just 3 Weeks: Reaches $600M

    Jun 17, 2024 | 07:16 am

    TL;DR Toncoin (TON) is showing strong performance with a current price of $7.83, having recently reached an all-time high (ATH) of $8.24. TON’s Total Value Locked (TVL) has surpassed $600 million on its blockchain, driven by growth in protocols like DeDust. Integration with Telegram has bolstered its adoption, especially through “play-to-earn” games and the introduction ... Read more

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  • No Altcoin Season Yet! What is Actually Causing This Huge Delay?

    Jun 17, 2024 | 07:14 am

    Altcoin seasons typically come a few weeks or months after Bitcoin halvings. There is a possibility that Ethereum and other altcoins may start rallying massively against Bitcoin in the coming months. But, according to cryptocurrency analyst Murad, altcoin season bulls need a reality check. The post No Altcoin Season Yet! What is Actually Causing This Huge Delay? appeared first on CoinChapter.

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  • 4 Best Meme Coins to Buy This Week For Quick Gains

    Jun 17, 2024 | 07:02 am

    The post 4 Best Meme Coins to Buy This Week For Quick Gains appeared first on Coinpedia Fintech News Meme coins have become an unstoppable force in the crypto market. They’ve fundamentally changed the way crypto users communicate online. Moreover, many have provided outstanding returns in short spaces of time for investors. With that in mind, this article explores the four best meme coins that could yield quick gains next.  PlayDoge PlayDoge is our …

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  • Zksync’s ZK Token Debuts With $932M Valuation, South Korean Market Shows Strong Interest

    Jun 17, 2024 | 07:01 am

    Zksync’s token, known as ZK, is currently trading at a value 19% below its initial price of $0.321 during early morning sessions. The new cryptocurrency’s market valuation stands at $932.14 million, with each ZK token trading at $0.2575. This positions ZK among the top 100 largest market capitalizations, ranking at 90th. Notable exchanges listing ZK […]

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  • Trezor has introduced its landmark creation Trezor Safe 5

    Jun 17, 2024 | 07:00 am

    Trezor brings in its landmark gadget, Trezor Safe 5, coming with added safety aspects, as well as a color touchscreen and Trezor Expert, an onboarding solution, for the benefit of fresh users.  CryptoSlate received exposure to the gadget at the time of its unveiling at BTC Prague. The Trezor Safe 5 has brought to the …

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  • Crypto Could Avert Debt Crisis, Says Ex-US House Speaker

    Jun 17, 2024 | 07:00 am

    In a proposal laid out in the Wall Street Journal, former Speaker of the House Paul Ryan has advocated for a novel fiscal strategy that integrates cryptocurrency, specifically dollar-backed stablecoins, into the US economic framework to counteract the looming threat of a national debt crisis. Ryan, a prominent figure who led the House of Representatives […]

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  • SOLJU’s beverage-themed meme coin launches on Solana. Will it rally like Beercoin?

    Jun 17, 2024 | 06:57 am

    Key takeaways  Solju is introducing beverages to the meme coin ecosystem by blending South Korea’s popular Soju alcoholic beverage drink with Solana’s innovation. The presale is slated to commence in 24 hours, with a 100 million token supply. Meme coins have been among the leading cryptocurrencies’ best performers over the last 12 months. Coins like […] The post SOLJU’s beverage-themed meme coin launches on Solana. Will it rally like Beercoin? appeared first on CoinJournal.

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  • Traders Are Staking New Solana Token $SEAL As Presale Nears Final Week

    Jun 17, 2024 | 06:50 am

    The post Traders Are Staking New Solana Token $SEAL As Presale Nears Final Week appeared first on Coinpedia Fintech News Sealana ($SEAL) is witnessing significant growth as its presale nears its final week. Traders have just eight days left to buy the Solana-based meme coin at a fixed discounted rate before it launches on exchanges. Sealana grows as SOL meme coin excitement rekindles Solana meme coins have dominated the crypto market through 2024, and rumours …

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  • Why Shiba Shootout Price Could Outperform Other Meme Coins in 2024 and 2025

    Jun 17, 2024 | 06:45 am

    The post Why Shiba Shootout Price Could Outperform Other Meme Coins in 2024 and 2025 appeared first on Coinpedia Fintech News Meme coins are known to have huge pumps in bull runs, mainly due to the hype that can be built around them. In fact, in the last few months, they outperformed many utility cryptos.  A prolonged bull run is expected to happen in 2024 and 2025, as various predictions have suggested, and this has also …

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  • CoinStats enhances portfolio management with precise profit & loss calculation

    Jun 17, 2024 | 06:45 am

    CoinStats, the trusted crypto portfolio tracker for over 1 million users worldwide, has announced a […]

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  • Bitcoin transaction fees will surpass block subsidy predicts Marathon CEO Fred Thiel

    Jun 17, 2024 | 06:45 am

    In a recent interview with CryptoSlate at BTC Prague 2024, Fred Thiel, CEO of Marathon Digital Holdings, shared his insights on several critical aspects of the Bitcoin landscape, focusing on transaction fees, hash rate resilience, and global expansion initiatives. Transaction Fees and Future Trends Thiel highlighted the conditions of Bitcoin transaction fees, noting that large […] The post Bitcoin transaction fees will surpass block subsidy predicts Marathon CEO Fred Thiel appeared first on CryptoSlate.

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  • Whale increases PEPE holdings by $1.75 million despite previous losses

    Jun 17, 2024 | 06:40 am

    Among the peculiarities of the constantly fluctuating crypto market, there are large investors or ‘whales,’ who possess the ability to shift the market trends. More recently, a large whale was in the news for upping their stake in PEPE, a meme-based, or joke, cryptocurrency by $1.75 million. This action has been considered rather reckless, especially …

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  • BTC Price Analysis : Here’s The Timeline For Bitcoin Bull Run

    Jun 17, 2024 | 06:38 am

    The post BTC Price Analysis : Here’s The Timeline For Bitcoin Bull Run appeared first on Coinpedia Fintech News Bitcoin is currently trading in a tight range between $67,000 and $65,500, showing unclear direction in the market. This lack of direction is due to unexpected economic data and the recent impact of Spot ETH ETFs approval taking away bitcoin from the limelight.  Many in the crypto community expected, that the Bull Run would begin …

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  • Breaking! Tether Launches New Innovative Gold-Backed Cryptocurrency, aUSD₮

    Jun 17, 2024 | 06:37 am

    TL;DR Alloy is a new Tether digital asset backed by gold, named aUSD₮, combining the stability of the precious metal with blockchain technology and cryptocurrencies. Designed to replicate the value of the US dollar, it uses XAU₮ as collateral on Ethereum, providing transparency and efficiency through smart contracts. Alloy offers financial stability and liquidity, and ... Read more

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  • After Airdrop Ends, Notcoin Sees 10% Decline; New Rewards for Top Stakers

    Jun 17, 2024 | 06:36 am

    TL;DR Value Drop: Notcoin (NOT) experienced an 11% decrease in value post-airdrop, trading at $0.0179, yet remains 166% above its launch price. Market Position: With a $1.8 billion market cap, NOT ranks as the 57th largest crypto, outperforming Aave and others. Future Rewards: The Notcoin team plans to incentivize stakers with extra rewards, particularly for ... Read more

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  • #FreeSamourai

    Jun 17, 2024 | 06:30 am

    Samourai Wallet From the start, Samourai Wallet have been transparent about their services. They provided their code fully open sourced and explained every public service they ran. All of this was done in public for everyone to see as they, ironically enough, had nothing to hide. As will be detailed below, they followed the law [...] The post #FreeSamourai appeared first on Crypto Breaking News.

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  • Metrics Signal Bitcoin Price Increase – But When Is Anyone’s Guess

    Jun 17, 2024 | 06:30 am

    Bitcoin has been on a bumpy ride in recent days. The world’s most popular cryptocurrency has seen its price steadily decline, raising concerns about a prolonged bear market. However, beneath the surface, some analysts are detecting faint bullish whispers that could signal a potential reversal. Related Reading Buying Pressure Emerges, But Can It Overcome The [...] The post Metrics Signal Bitcoin Price Increase – But When Is Anyone’s Guess appeared first on Crypto Breaking News.

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  • Metrics Signal Bitcoin Price Increase – But When Is Anyone’s Guess

    Jun 17, 2024 | 06:30 am

    Bitcoin has been on a bumpy ride in recent days. The world’s most popular cryptocurrency has seen its price steadily decline, raising concerns about a prolonged bear market. However, beneath the surface, some analysts are detecting faint bullish whispers that could signal a potential reversal. Related Reading: XRP Whale Goes On Shopping Spree: 27 Million Coins Snapped Up As Price Dips Buying Pressure Emerges, But Can It Overcome The Downtrend? One glimmer of hope comes from the Bitcoin Taker Buy Sell Ratio, a metric that tracks the balance between buy and sell orders on exchanges. According to NewBTC’s analysis, this ratio has recently dipped below one, indicating a bearish sentiment. On several exchanges, the ratio is rising back above one, suggesting that the trend is recovering. This indicates a change in the psychology of the market, as more buyers than sellers are making orders. This is a positive development, the data shows. It indicates that some investors are seeing the recent price drop as an opportunity to accumulate Bitcoin at a discount. However, it’s crucial to remember that this is just one metric, and the overall trend remains bearish. Exchange Inflows: The Other Narrative Another interesting wrinkle in the story comes from Bitcoin’s exchange netflow. This metric measures the difference between Bitcoins entering and leaving exchanges. A positive netflow indicates more Bitcoins flowing into exchanges, which is typically seen as a bearish signal because it could signify investors preparing to sell. However, the current inflow seems relatively low compared to past outflows, suggesting that the overall trend of accumulation might still be intact. This is the other part of the narrative, analysts said. On the one hand, increased exchange inflows could lead to selling pressure. On the other hand, the relatively low volume compared to past outflows suggests that some investors might be transferring their holdings to private wallets for safekeeping, which could be a bullish indicator in the long run. A Cautious Outlook Despite the emergence of these bullish whispers, the overall sentiment surrounding Bitcoin remains cautious. The price continues its downward trajectory, with the current support level of $65,000 under immense pressure. If this level breaks, it could trigger a further sell-off and exacerbate the bearish trend. Related Reading: Polkadot (DOT) Struggles Near $6.30 – Is Now The Time To Accumulate? Bitcoin is at a critical juncture, and the recent signs of buying pressure and exchange inflows are encouraging, but they need to be backed by a sustained price recovery. Until then, investors should adopt a cautious approach and be prepared for continued volatility. The coming days will be crucial in determining the fate of Bitcoin’s current price movement. Whether the bullish whispers can transform into a resounding roar or get drowned out by the bearish undercurrent remains to be seen. Featured image from Getty Images, chart from TradingView

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  • U.S. SEC’s Crypto Enforcer David Hirsch Quits

    Jun 17, 2024 | 06:26 am

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a [...] The post U.S. SEC’s Crypto Enforcer David Hirsch Quits appeared first on Crypto Breaking News.

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  • Built on Stellar: BlackRock and Franklin Templeton Fuel Tokenized Treasury Boom

    Jun 17, 2024 | 06:23 am

    Tokenized Treasuries and real-world asset (RWA) protocols have been gaining traction in 2024 with the help of financial giants such as BlackRock and Franklin Templeton. This growth has attracted billions in investment to leading blockchains, helping realize this revolution led by Stellar Lumens, Chainlink, and Ethereum. A recent report has revealed the remarkable growth in [...]

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  • Ethereum Technical Analysis: ETH Faces Mixed Signals Amid Short-Term Downtrend

    Jun 17, 2024 | 06:22 am

    On June 17, 2024, ethereum is priced at $3,521, fluctuating between $3,495 and $3,645 over the past 24 hours. Ethereum On the 1-hour chart, ethereum’s (ETH) recent high is $3,652, and the low is $3,484. The trend has been bearish following the peak on June 21, characterized by increased selling volume. A potential entry point […]

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  • Crypto whale nets $7M from WBTC & ETH investments!

    Jun 17, 2024 | 06:20 am

    One of the largest traders in cryptocurrencies closed his longs in WBTC and ETH and made a profit of $7 million. He sold 76.6 WBTC and 2,265 ETH for $13.19 million. This was the end of a leveraged investment plan that he started by borrowing funds from Aave with 5,545 ETH as collateral to purchase …

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  • Crypto Market Crash: Top Altcoins Might See 30% Drop in Next 10 Days, Here’s Why

    Jun 17, 2024 | 06:17 am

    The post Crypto Market Crash: Top Altcoins Might See 30% Drop in Next 10 Days, Here’s Why appeared first on Coinpedia Fintech News The crypto market experienced a rollercoaster week, with significant developments affecting various coins. The Red Coin (RWE) reached unprecedented levels, while altcoins showed signs of weakening after a bullish year. The surge in meme coin hype and the emergence of the FOMC contributed to this volatility, leaving traders and investors in a state of emotional …

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  • While dYdX slides 7.11%, 5thScape soars to new heights

    Jun 17, 2024 | 06:15 am

    In the volatile cryptocurrency market, dYdX (DYDX) has not been left out, as it has […]

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  • Ethereum Ecosystem Hits Record 245.87 TPS Thanks to New L3 Solution Xai

    Jun 17, 2024 | 06:01 am

    TL;DR Xai, an Ethereum layer-3 (L3) solution, reached a record of 101.72 transactions per second (TPS) on June 16. Despite the high TPS, the total value locked (TVL) in Xai is modest, at $1.33 million, compared to Arbitrum One and Base. Vitalik Buterin highlights the potential of L3 for customized functionalities and scalability improvements, though ... Read more

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  • Polygon struggles below resistance, buyer efforts stalled

    Jun 17, 2024 | 06:00 am

    Polygon (MATIC) has for some time now, been absolutely unable to rise above the resistance level and is presently staring at the figure of $0.62, from $0.75.  In spite of all its attempts, MATIC has totally remained unsuccessful in making the slightest comeback, as per the market observers. However, purchasers are pitching in generously to …

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  • Can Uniswap prices break past $14 after a 70% rise?

    Jun 17, 2024 | 06:00 am

    In the last 7 days, Uniswap has been in a bullish trend. The trend seems set to continue with key indicators suggesting further gains. 

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  • Why Rollblock (RBLK) is Outpacing Polkadot (DOT) and Chainlink (LINK) With Potential To Surpass Both This Crypto Bull Run

    Jun 17, 2024 | 06:00 am

    Polkadot (DOT) and Chainlink (LINK) are two of the biggest names in the altcoin space. However, due to their recent lackluster performance in the market, these altcoins are now facing fierce competition from a new entrant, Rollblock (RBLK). According to market experts, the rapid growth of Rollblock and its strategic placement in a $450 billion […] The post Why Rollblock (RBLK) is Outpacing Polkadot (DOT) and Chainlink (LINK) With Potential To Surpass Both This Crypto Bull Run appeared first on CoinChapter.

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  • Zetly: Revolutionizing the world of sport with technology

    Jun 17, 2024 | 06:00 am

    Zetly aims to transform the way athletes and sports organizations manage their resources and is committed to shaping the future of sport by adapting it to the needs of the modern digital world. [...] Read More... The post Zetly: Revolutionizing the world of sport with technology appeared first on CoinGeek.

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  • Bybit Integrates Apple Pay to Enhance Cryptocurrency Purchases

    Jun 17, 2024 | 05:45 am

    The cryptocurrency exchange Bybit has integrated Apple Pay with its Bybit Card. This new feature promises a blend of security, convenience, and better pricing for users purchasing cryptocurrencies through the Bybit app or website.Access to 20+ Fiat CurrenciesAccording to the press release, this latest offering enables Bybit's users to access over 20 fiat currencies to purchase digital assets with Apple Pay, reportedly with zero transaction fees until July 1, 2024, 10 AM UTC. This promotion aims to encourage users to easily buy cryptocurrencies with their preferred payment currency directly through Apple Pay.Apple Pay offers a payment method that is authenticated by face ID, Touch ID, or a device passcode, along with a unique dynamic security code for each transaction. Customers can use Apple Pay on their iPhone, iPad, or Mac without needing to repeatedly input shipping and billing information.Joan Han, the Sales and Marketing Director at Bybit, mentioned: "We are thrilled to offer Apple Pay to our customers as a checkout option in the Bybit app or website, enhancing their payment experience with unmatched security and convenience. This integration represents a significant leap forward in our commitment to providing seamless, secure, and innovative financial solutions to the global market."A New Checkout Option According to the company, actual card numbers are never stored on the device or Apple servers when using a credit or debit card with Apple Pay. Instead, a unique device account number is assigned, encrypted, and securely stored in a chip within the device for safe storage of payment information.Recently, the crypto exchange Bybit surpassed 30 million registered users globally. The exchange, one of the largest in terms of spot volumes, has expanded its customer base by 10 million over the past six months, Finance Magnates reported. Last November, Bybit marked its fifth anniversary, highlighting a surge in new user acquisition, which helped increase its customer base to over 20 million. As of March 2024, the number of users had already exceeded 25 million. This increase was reportedly due to a significant surge in interest in cryptocurrencies in recent months and the rising popularity of Bybit's crypto copy trading platform. This article was written by Jared Kirui at www.financemagnates.com.

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  • Convex CVX Skyrockets 50% in 24 Hours, Sets New Trading Volume Records

    Jun 17, 2024 | 05:45 am

    TL;DR CVX Price Surge: Convex Finance’s CVX token price has skyrocketed by over 50% in 24 hours, setting new trading volume records on platforms like Binance and Bybit. Market Cap Growth: The market cap of CVX has reached $415 million, with a daily trading volume increase of 2,800%, indicating a strong market interest. DeFi Interest ... Read more

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  • Bitcoin sees $621 million outflow as investors react to Fed’s cautious stance

    Jun 17, 2024 | 05:45 am

    CoinShares’ latest weekly report highlighted a notable shift in crypto investment products, with the sector experiencing its most significant outflows in three months. Last week, investors pulled $600 million from the market, with Bitcoin products bearing the brunt, facing $621 million in outflows. Meanwhile, short-Bitcoin products saw nearly $2 million in inflows, reflecting the bearish […] The post Bitcoin sees $621 million outflow as investors react to Fed’s cautious stance appeared first on CryptoSlate.

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  • Bitcoin Technical Analysis: BTC Endures Persistent Downward Trend Amid High Volatility

    Jun 17, 2024 | 05:42 am

    As of June 17, 2024, Bitcoin is trading at $65,805, with a 24-hour intraday range between $65,518 and $66,992. The cryptocurrency market is displaying notable volatility, as evidenced by significant trading volume and fluctuating price levels. Bitcoin Bitcoin’s 1-hour chart reveals a clear downward trend following a recent peak, with key resistance and support levels […]

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  • Bitcoin mining could trigger a bull run for BTC

    Jun 17, 2024 | 05:40 am

    Bitcoin ($BTC) is driven by several factors. It includes the decision of the Federal Reserve to cut rates, risk appetite of investors, Halving, and ETF offerings. One factor that has majorly remained hidden in the flood of headlines is Bitcoin mining. The community speculates that it could help pull the price of the flagship crypto …

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  • Bitcoin price prediction: No confirmation of breakout or bloodbath, price drops below $66k

    Jun 17, 2024 | 05:39 am

    The post Bitcoin price prediction: No confirmation of breakout or bloodbath, price drops below $66k appeared first on Coinpedia Fintech News Analyst Josh of Crypto World said that Bitcoin is presently retesting a critical support area and showing a short-term bullish divergence. This suggests more liquidations might occur soon, according to him. The analyst discussed the current state of Bitcoin, bringing to attention several key technical indicators and potential market movements. After a meteoric rise, Bitcoin …

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  • Latam Insights: Crypto Initiatives Reshape Economic Strategies in Paraguay and Brazil

    Jun 17, 2024 | 05:30 am

    Paraguay reveals economic strategy focusing on Bitcoin mining to utilize energy surplus, aims to attract more industries. Itaú Unibanco, Brazil’s largest bank, expands cryptocurrency trading services to all customers, enhancing digital asset access. Paraguay has unveiled a plan focused on leveraging Bitcoin mining to propel its industrial transition. Meanwhile, Brazil’s largest bank, Itaú Unibanco, has [...]

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  • Bitcoin Vs. Altcoins: Renowned Finance Author Reveals The Easiest Way To Become A Millionaire

    Jun 17, 2024 | 05:30 am

    Robert Kiyosaki, the author of the renowned book “Rich Dad Poor Dad,” recently revealed Bitcoin is the easiest way anyone can become a millionaire. The renowned finance author is known to be a huge advocate of digital assets and again made a case for them while making this revelation.  The “Easiest Way” To Become A […]

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  • Here’s What Michael Saylor’s Advice To Bitcoin Investor, Price To Fall More? 

    Jun 17, 2024 | 05:26 am

    The post Here’s What Michael Saylor’s Advice To Bitcoin Investor, Price To Fall More?  appeared first on Coinpedia Fintech News Michael Saylor, co-founder of MicroStrategy and a prominent Bitcoin advocate, has shared valuable advice for the Bitcoin community following a sudden drop in Bitcoin’s price. As Bitcoin lost its $67,840 resistance level, plunging to $65,600 overnight, Saylor’s words aim to boost confidence among both seasoned investors and newcomers to the crypto world. A Call for …

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  • Bitget Wallet Launches Smart Money Feature for Solana, Introduces Cross-Chain Transactions

    Jun 17, 2024 | 05:24 am

    Victoria, Seychelles, 17th June 2024, Chainwire The post Bitget Wallet Launches Smart Money Feature for Solana, Introduces Cross-Chain Transactions appeared first on CoinJournal.

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  • First Mover Americas: Crypto Majors Subdued After Fed’s Hawkish Stance

    Jun 17, 2024 | 05:21 am

    The biggest cryptocurrencies fell during the European morning, extending the subdued mood after the Federal Reserve trimmed interest-rate cut expectations on Wednesday. Bitcoin and ether both fell by around 1% over 24 hours, CoinDesk Indices data show. Bitcoin dropped to just below $66,000 – near the low end of the $72,000-$65,000 range it’s been trading [...] The post First Mover Americas: Crypto Majors Subdued After Fed’s Hawkish Stance appeared first on Crypto Breaking News.

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  • XRP Massive $5 Price Breakout Nears As SEC Slashes Ripple’s Proposed Penalty From $2 Billion To $103 Million

    Jun 17, 2024 | 05:21 am

    The SEC had demanded that Ripple pay roughly $2 billion in disgorgement, prejudgement interest, and civil penalties while the San Francisco-based fintech firm has argued for no more than a $10 million fine.

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  • ZKsync Token Goes Live, Hits $925M Market Cap

    Jun 17, 2024 | 05:18 am

    The post ZKsync Token Goes Live, Hits $925M Market Cap appeared first on Coinpedia Fintech News The newly launched ZK token is live, trading around $0.25 at press time and being listed on multiple exchanges. With a fully diluted value of around $5.3 billion, the token has a market capitalization of over $935 million. The ZKsync token has a maximum supply of 21 billion, of which more than 3.6 billion are currently …

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  • Uniswap bounces back: 64.25% surge in open interest signals bullish trend

    Jun 17, 2024 | 05:18 am

    Uniswap (UNI), a leading decentralized finance (DeFi) protocol, has experienced a significant price rebound, accompanied by a notable 64.25% increase in open interest. This surge in activity has captured the attention of traders and analysts, raising questions about the factors driving this momentum and what the future may hold for Uniswap. In the second week …

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  • AI, DePIN & Onchain Gaming Conference Serverless BXL Confirmed for Brussels July 7 During EthCC

    Jun 17, 2024 | 05:15 am

    Brussels, Belgium, 17th June 2024, Chainwire

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  • Binance Lists ZKSync’s Token and Announces Airdrop Program Amid Sybil Measures

    Jun 17, 2024 | 05:08 am

    TL;DR Binance will include the ZKsync (ZK) token on its platform starting June 17, 2024, allowing trading in various pairs. More than 10.5 million ZK tokens will be distributed to 52,500 users who were not eligible for the ZK Nation airdrop, based on transactions in ZKsync Era between February 2023 and March 2024. ZKsync defends ... Read more

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  • This Altcoin Gem Will Overtake Solana, Predicts Arthur Hayes

    Jun 17, 2024 | 05:00 am

    Arthur Hayes, co-founder of crypto exchange BitMEX, has predicted that the blockchain Aptos (APT) is poised to surpass Solana (SOL) in prominence and utility in the race for the second largest Layer 1 (L1) blockchain behind Ethereum within the next two to three years. Hayes conveyed his thoughts during a detailed interview with macro analyst [...] The post This Altcoin Gem Will Overtake Solana, Predicts Arthur Hayes appeared first on Crypto Breaking News.

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  • Bitcoin: Are US stocks a better choice than BTC in Q3? Analysts say…

    Jun 17, 2024 | 05:00 am

    US tech stocks 'beat' BTC in Q2 ahead of spot ETH ETF S-1 approvals in early July.

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  • This Altcoin Gem Will Overtake Solana, Predicts Arthur Hayes

    Jun 17, 2024 | 05:00 am

    Arthur Hayes, co-founder of crypto exchange BitMEX, has predicted that the blockchain Aptos (APT) is poised to surpass Solana (SOL) in prominence and utility in the race for the second largest Layer 1 (L1) blockchain behind Ethereum within the next two to three years. Hayes conveyed his thoughts during a detailed interview with macro analyst Raoul Pal. Aptos Could Overtake Solana Hayes indicated that the potential for Aptos to outperform Solana and ascend as the second-ranking L1 protocol after Ethereum is significant, but did not delve into the specific catalysts behind his assertion during the conversation. He promised a more detailed exposition of his views in September. The emergence of Solana in March 2020 marked a significant milestone in the blockchain landscape. Solana was heralded as a solution to several limitations of Ethereum, particularly concerning scalability, speed, and cost-efficiency. These attributes were crucial as the Ethereum network grappled with severe congestion issues during the DeFi boom, prompting the search for viable alternatives. Related Reading: Analyst Calls Buy Signal As Solana Hits Key Support At $141 Solana’s ascent in the crypto hierarchy was notably accelerated with the launch of the memecoins BONK in December 2022 and dogwifhat (WIF) in November 2023, both pivotal moments that marked the first major departure of memecoin activities from Ethereum’s ecosystem. Both memecoins not only boosted Solana’s visibility but also attracted an array of memecoins and innovative DeFi platforms, drawn by lower transaction costs. However, similar to Ethereum, Solana faced its own challenges at the beginning of the year with network congestion as its popularity surged, demonstrating the persistent scalability issues within current blockchain infrastructures. Aptos, on the other hand, has maintained a record of zero downtime since its inception, positioning it as a robust and reliable alternative within the digital currency ecosystem. Its foundation rests on the novel smart contract programming language “Move,” developed by engineers formerly associated with Meta Platforms Inc.’s Diem project. Related Reading: Solana Whale Shakes Market With $372 Million Transfer, Where Are The Coins Headed? Although Diem was ultimately shelved, the expertise and technological advancements have been redirected into Aptos, emphasizing its suitability for commercial use and potential for widespread adoption. However, Aptos has not yet been widely adapted. The blockchain currently has neither a popular DeFi ecosystem nor any major memecoins. APT Price Analysis This is reflected in Aptos’s market performance. Currently, Aptos (APT) has retreated 63% from its January 2023 high of $20.39, trading at $7.50 after experiencing a significant downtrend from its March peak of $19.48. The decline has taken APT below the 0.236 Fibonacci retracement at $8.39. The cryptocurrency’s trajectory has also seen it falter below the 50-week Exponential Moving Average (EMA), now at $9.25, which has emerged as a major resistance level. APT has faced multiple rejections at this threshold, underscoring its importance for any potential reversal to bullish momentum. Moreover, maintaining a position above the year’s lowest price of $7.39 is critical to stave off further losses. Featured image from YouTube, chart from TradingView.com

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  • Retik Finance (RETIK): Best New Crypto to Buy This Week

    Jun 17, 2024 | 04:59 am

    The cryptocurrency market is a dynamic and rapidly evolving arena where new projects continually emerge, vying for attention and investment alongside established coins. As we step into a new week, investors are keenly observing which crypto assets present the most promising opportunities for significant returns. Among this week’s standout contenders

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  • TronDAO’s Impressive Financial Forecast: A Sign of Blockchain’s Bright Future

    Jun 17, 2024 | 04:51 am

    TL;DR TronDAO’s Financial Leap: TokenTerminal predicts TronDAO to earn $1.65 billion in fees over the next year, with TRON founder Justin Sun’s retweet adding credibility to this optimistic forecast. Popularity Surge: TronDAO’s traction is due to its high stablecoin transaction volume, especially with Tether (USDT), offering faster and cheaper transactions than Ethereum. Transformative Potential: Achieving this revenue ... Read more

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  • 5 Best Crypto Staking Platforms for Staking (Highest Real Reward Rates)

    Jun 17, 2024 | 04:50 am

    If you’re not just a crypto enthusiast but someone who likes making that extra cash, then you must have heard of staking crypto or crypto staking platforms, right? But what exactly is crypto staking, and why is it causing such a seismic shift in the crypto world? Well, we all have that notion that maximum ... Read more

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  • Intersection of Crypto and AI Could Add $20,000,000,000,000 to Global Economy: Bitwise

    Jun 17, 2024 | 04:45 am

    A merging of crypto and artificial intelligence (AI) technology could give a $20 trillion boost to the global economy, according to asset management giant Bitwise. The firm’s senior crypto research analyst, Juan Leon, says in a new report that the intersection of crypto and AI will be “even bigger than people imagine.” Leon says the […] The post Intersection of Crypto and AI Could Add $20,000,000,000,000 to Global Economy: Bitwise appeared first on The Daily Hodl.

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  • Ethereum Bulls Eye $5,000 as Bloomberg Analysts Predict July 2 Ether ETF Trading Launch

    Jun 17, 2024 | 04:32 am

    While some speculate that ETH could mimic Bitcoin’s price rally following the launch of spot Bitcoin ETFs, others are less optimistic.

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  • Ledger CTO backs introducing new OP codes, layer-2s to realize Bitcoin potential

    Jun 17, 2024 | 04:28 am

    In a recent interview with CryptoSlate’s Akiba, Ledger’s Chief Technology Officer, Charles Guillemet, shared his transformative journey from initial skepticism to a deep appreciation of Bitcoin’s potential. He shared Akiba’s vision of a future where Bitcoin’s capabilities extend beyond being a digital currency to serving as a robust mechanism for time-stamping and event-sequencing, provided scalability challenges […] The post Ledger CTO backs introducing new OP codes, layer-2s to realize Bitcoin potential appeared first on CryptoSlate.

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  • Bitget Wallet Launches Smart Money Feature for Solana, Introduces Cross-Chain Transactions

    Jun 17, 2024 | 04:22 am

    Victoria, Seychelles, 17th June 2024, Chainwire

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  • Ethiopian Airlines Partners With Blockchain-Based Loyalty Rewards Firm Loyyal

    Jun 17, 2024 | 04:20 am

    Ethiopian Airlines Group has partnered with Loyyal to leverage the latter’s blockchain infrastructure for its customer loyalty program. The partnership, which is earmarked for Ethiopian Airlines’ Shebamiles members, enables them to earn rewards daily, driving further engagement and loyalty. Three-Way Partnership One of the leading African airlines, Ethiopian Airlines Group, has appointed blockchain-based loyalty rewards […]

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  • SEC rejects Ripple Labs plea to lower fines, insists on nearly $2B penalty

    Jun 17, 2024 | 04:20 am

    The San Francisco based Ripple Labs Inc. is currently engaged in a legal battle with the SEC over the latter’s request for a $2 billion penalty. They are advocating for a decrease, claiming that Terraform Labs’ recent $4.5 billion settlement is a point of reference. Ripple’s lawyers also say that the proposed penalty for XRP …

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  • Bitcoin Investment Products Saw Over $600M in Outflows Last Week: CoinShares

    Jun 17, 2024 | 04:16 am

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a [...] The post Bitcoin Investment Products Saw Over $600M in Outflows Last Week: CoinShares appeared first on Crypto Breaking News.

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  • Suriname Presidential Candidate Backs Bitcoin Following El Salvador’s Lead

    Jun 17, 2024 | 04:13 am

    Presidential candidate Maya Parbhoe proposes adopting Bitcoin as legal tender in Suriname, inspired by El Salvador’s 2021 move. Parbhoe praises El Salvador’s President Nayib Bukele for standing up to global powers and prioritizing national interests with Bitcoin. In a recent development from Surinam, presidential candidate Maya Parbhoe has proposed the adoption of Bitcoin as legal [...]

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  • Ethereum, LIDO, and XRP Gain as Bitcoin Suffers $621M Outflows

    Jun 17, 2024 | 04:09 am

    TL;DR Bitcoin Outflows: Bitcoin sees $621M outflows, the largest since March 22, 2024, influenced by the FOMC’s stringent stance and increased investments into short-bitcoin positions. Altcoins Inflows: Ethereum, LIDO and XRP buck the trend with positive inflows ($13M for Ethereum, $2M for LIDO, and $1M for XRP), indicating a shift in investor confidence toward these ... Read more

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  • Ripple’s New Stablecoin RLUSD to Bridge Traditional Finance and Crypto

    Jun 17, 2024 | 04:06 am

    Ripple is set to launch its own stablecoin, Ripple USD (RLUSD), in 2024, available on both the XRP Ledger and Ethereum networks. In the Ripple vs. SEC lawsuit, the SEC has defended its proposed penalties, citing a comparison with the Terraform Labs settlement. As Ripple Inc. continues its legal battle with the U.S. Securities and [...]

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  • Mark Cuban Says Gary Gensler Could Cost Biden The Presidency Following SEC’s Anti-Crypto Stance

    Jun 17, 2024 | 04:01 am

    Billionaire investor Mark Cuban believes that the Chair of the US Securities and Exchange Commission (SEC), Gary Gensler, could cost Joe Biden the US Presidency because of his anti-crypto stance.

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  • CVX crypto rallies +90%: Will the uptrend continue or is a correction looming?

    Jun 17, 2024 | 04:00 am

    AMBCrypto explains the reasons behind the incredible surge while touching on the next steps for CVX.

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  • Bitcoin And Crypto At The Forefront: Biden Administration To Attend Key Roundtable In Washington

    Jun 17, 2024 | 04:00 am

    The Administration under US President Joe Biden and Congressman Ro Khanna is slated to attend a roundtable on Bitcoin and cryptocurrencies this July in Washington, D.C., which is a significant move signaling the growing relevance of digital assets regulation and innovation. Leaders in the industry, advocates, and important policymakers will come together to discuss the […]

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  • Catalyst For Ethereum’s RCO Finance Surge In SushiSwap’s New Announcement

    Jun 17, 2024 | 04:00 am

    Looking at the current crypto run in the market, one token has garnered unprecedented interest from DeFi enthusiasts. This is none other than Ethereum’s RCO Finance (RCOF).  Offering a unique fusion of tokenization and high-yield staking opportunities, RCOF looks to excel in a crypto bull run. On the other hand,

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  • Coinbase says 56% of Fortune 500 execs are testing crypto projects – Here are the top picks

    Jun 17, 2024 | 04:00 am

    A recent survey by Coinbase reveals that 56% of Fortune 500 execs are delving into several on-chain projects as blockchain technology adoption rises. Novel crypto projects like ETFSwap (ETFS) are some of the top model projects that align with institutional investment goals.  Some of the major drivers for this new and growing interest are the …

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  • Binance initiating the registration of its ZKsync (ZK)

    Jun 17, 2024 | 04:00 am

    Binance, the biggest cryptocurrency exchange globally, has initiated the registration of its ZKsync, along with the introduction of a ZK token allocation scheme. Trade, about the latest spot trading pairs, is slated for the 17th of June, 2024.  The spot trading pairs which are accessible to ZKsync, will comprise ZK/BTC, as well as ZK/USDT, ZK/FDUSD, …

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  • Miners continue to offload Bitcoin amid 33-day capitulation

    Jun 17, 2024 | 03:55 am

    Quick Take We are now 33 days into the current miner capitulation, with the average duration being 41 days. This indicates that some miners are still facing significant financial pressure due to the previous halving, which has rendered their operations unprofitable. The hash rate has dropped over 12% from its peak on May 26, with […] The post Miners continue to offload Bitcoin amid 33-day capitulation appeared first on CryptoSlate.

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  • Singapore’s National Goalkeeper, Hassan Sunny, Appointed as Chief Security Officer for HTX Global and TRON

    Jun 17, 2024 | 03:46 am

    Singapore’s national goalkeeper, Hassan Sunny, has been appointed as the Chief Security Officer and spokesperson for HTX Global and TRON. The announcement was first made by Justin Sun on social media. Drawing parallels between Sunny’s role on the football field and his new position, Sun expressed confidence that just as Sunny defends the goal line […]

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  • U.S.-Listed Bitcoin Miners Reached Record Total Market Cap of $22.8B in June: JPMorgan

    Jun 17, 2024 | 03:40 am

    The bank noted that almost all the companies outperformed bitcoin in the first two weeks of June, with Core Scientific (CORZ) the best performer, adding 117%, and Argo Blockchain (ARBK) the worst, dropping 7%. The world’s largest cryptocurrency fell 3% in the same period. Source: CoinDesk The post U.S.-Listed Bitcoin Miners Reached Record Total Market Cap of $22.8B in June: JPMorgan appeared first on Crypto Breaking News.

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  • Shiba Inu’s burn rate explodes over 800%, signals a buying trend

    Jun 17, 2024 | 03:40 am

    Shiba Inu is modestly trading around $0.00002023, down by 2.36% in the last 24 hours at the time of writing this article. While it does not showcase a bullish run at the moment, speculation is that SHIB could eventually rebound to a higher value. This thesis gains strength from the fact that the bur rate …

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  • Bitcoin Price Faces Pressure as Mt. Gox Begins $9.4B Repayment

    Jun 17, 2024 | 03:34 am

    Mt.Gox is in a bid to repay its creditors about $9.4 billion, placing a selloff strain on Bitcoin (BTC). While a selloff is imminent, the impact might be cushioned by other key network trends. Bitcoin (BTC), the world’s leading cryptocurrency has come under intense scrutiny as Mt.Gox commences a $9.4 billion repayment to investors. According [...]

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  • Waka Flocka Flame (FLOCKA) debut hit with insider trading allegations

    Jun 17, 2024 | 03:23 am

    Waka Flocka Flame’s FLOCKA token launch marred by 40% supply grab pre-announcement. Blockchain investigator flags rapid token distribution post-launch as insider trading. Critics question celebrity crypto credibility amid past promotions and transparency lapses. The intersection of celebrities and cryptocurrency has often been a volatile one, marked by both intrigue and controversy. The launch of Waka […] The post Waka Flocka Flame (FLOCKA) debut hit with insider trading allegations appeared first on CoinJournal.

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  • StarCheck Announces The Most Accessible And Affordable Retail AML Checks

    Jun 17, 2024 | 03:21 am

    After $24.2bn was stolen in crypto-related fraud in 2023, individuals and businesses are taking preventative measures with their wallets, leveraging do-it-yourself retail AML wallet-checking services. StarCheck – a preventative best-practice tool that allows retail users to perform private AML checks – has just announced that their service is now the

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  • Solana’s MEV Sandwich Bot ‘arsc’ Quietly Earns $30M in 60 Days

    Jun 17, 2024 | 03:17 am

    A Solana’s MEV sandwich bot is reported to have amassed approximately $30 million in just two months with three wallet addresses exposed by MRGN Research’s Ben Coverston. The first wallet address is reported to contain cryptos worth $19 million with the second address containing $9.9 million.  The villainous maximal extractible value (MEV) sandwich bot (arsc) [...]

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  • Is Ripple’s XRP Gearing Up for a Big Price Breakout?

    Jun 17, 2024 | 03:16 am

    XRP forms a symmetrical triangle, suggesting an imminent breakout. Recent whale activity and volume trends signal potential price movements. A symmetrical triangle pattern that may break out is formed while closely observing the price movement of Ripple (XRP). With converging trendlines, this pattern suggests a time when the forces of buyers and sellers balance out [...]

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  • Base emerges as major player in Ethereum rollup with SocialFi integration

    Jun 17, 2024 | 03:14 am

    Base, which is a Coinbase nurtured Ethereum layer 2 network, is now a fiery competitor in the Ethereum rollup scenario, gaining an enormous user base via SocialFi apps, on its platform, like Friend.tech, Aerodrome, a sought-after decentralized exchange and Moonwell, a lending protocol. It also initiated the mining of its genesis block.  Base is known …

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  • Paul Ryan Backs Stablecoins, 5thscape To Jump 1000X In June

    Jun 17, 2024 | 03:13 am

    The ex-House Speaker of the United States, Paul Ryan, wants the country to embrace stablecoins to strengthen the green currency against counterparts, such as the Chinese e-yuan. In his opinion piece published recently, Ryan pointed to the benefits of advocating for dollar-backed stablecoins on public blockchains as instruments embracing American values of freedom.  As global [...]

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  • Australian Securities Exchange (ASX) Approved Listing Its First Bitcoin ETF

    Jun 17, 2024 | 03:04 am

    Vaneck, a global investment firm, has announced the launch of the Vaneck Bitcoin ETF (VBTC), the first Bitcoin exchange-traded-fund on the Australian Securities Exchange (ASX). Set to commence trading on June 20, 2024, the ETF is touted as the most cost-effective Bitcoin fund exposure in Australia. Arian Neiron, Vaneck’s CEO for the Asia-Pacific region, emphasized […]

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  • Bitcoin whales load up as BTC stays still at $66k: What’s their strategy?

    Jun 17, 2024 | 03:00 am

    BTC accumulation by large wallets surged even as prices remained stagnant.

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  • Ethereum Price Uptrend Remains Steady Above 100-DSMA

    Jun 17, 2024 | 02:33 am

    Ethereum (ETH) is showing bullish signs above $3,400. ETH is outperforming Bitcoin and might soon resume its increase above $3,800. The post Ethereum Price Uptrend Remains Steady Above 100-DSMA appeared first on CoinChapter.

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  • These Central Banks Buy Bitcoin, Others Will Soon Follow, Claims Expert

    Jun 17, 2024 | 02:30 am

    In a space on X that included influential voices from the industry—Bitcoin Magazine CEO David Bailey, alongside analysts Dylan LeClair and Matthew Pines—claims were made that are stirring intense discussions within financial and crypto circles. Bailey, who is serving as one of Trump’s closed Bitcoin advisors, boldly asserted that multiple central banks globally are actively […]

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  • VALR Concludes European Tour with Strategic Engagements Across Key Financial Hubs

    Jun 17, 2024 | 02:22 am

    Singapore, Singapore, 17th June 2024, Chainwire The post VALR Concludes European Tour with Strategic Engagements Across Key Financial Hubs appeared first on CoinJournal.

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  • South Korean crypto exchanges may deregister up to 600 altcoins

    Jun 17, 2024 | 02:20 am

    South Korea based crypto exchanges are contemplating the deregistration of hordes of altcoins, with financial bodies clamping down on the altcoin space.  As per the news reports put forth by Daehan Kyungjae, the newly introduced Virtual Asset User Protection Act will be duly implemented soon. The fresh set of rules will be deciding on nullifying …

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  • Discover The Hype Of xMetaCene The First Derivative Project Of The MetaCene Ecosystem

    Jun 17, 2024 | 02:19 am

    xMetaCene is officially reopening its gates for its much-anticipated Season 2. This dynamic P2E mini-game within the MetaCene ecosystem launched on Mantle in June 2024 and is available as a Google Chrome extension. The web-based experience eliminates traditional entry barriers for Web3 games and offers players a seamless and accessible

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  • 31 Million XRP Dumped in Whale Move, Price Stays Steady

    Jun 17, 2024 | 02:17 am

    XRP whale offloads 31 million coins, causing market concerns. The SEC seeks $102.6 million from Ripple after a letter from Terraform Labs, adding layers to XRP’s regulatory challenges. The recent spike in whale activity in XRP, the cryptocurrency that Ripple supports, has investors worried. Within the previous day, a whale offloaded almost 31 million XRP [...]

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  • VALR Concludes European Tour with Strategic Engagements Across Key Financial Hubs

    Jun 17, 2024 | 02:16 am

    Singapore, Singapore, June 17th, 2024, Chainwire VALR, the Pantera-backed crypto exchange, has embarked on a significant tour across Europe, engaging in pivotal discussions and fostering key partnerships to shape the future of finance. This tour marks a strategic expansion following numerous successful initiatives in Asia, solidifying VALR’s commitment to advancing a world-embracing financial system. The […] The post VALR Concludes European Tour with Strategic Engagements Across Key Financial Hubs appeared first on CoinChapter.

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  • Crypto Whales Abruply Accumulate $2,450,000,000 in Ethereum As ETH Flashes Bullish Signal: Analyst

    Jun 17, 2024 | 02:15 am

    A widely followed crypto analyst says that deep-pocketed investors are accumulating billions of dollars worth of Ethereum (ETH) as the leading smart contract platform flashes a bullish signal on its daily chart. In a new thread, crypto strategist Ali Martinez tells his 65,400 followers on the social media platform X that in the past weeks, […] The post Crypto Whales Abruply Accumulate $2,450,000,000 in Ethereum As ETH Flashes Bullish Signal: Analyst appeared first on The Daily Hodl.

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  • Is PEPE ready for a comeback after last week’s drop?

    Jun 17, 2024 | 02:00 am

    PEPE broke above a resistance level, hinting at a bull rally, but later fell under that mark again. 

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  • Simit Naik: nChain’s ComplexCon Hong Kong app a landmark for blockchain adoption

    Jun 17, 2024 | 02:00 am

    With over 30,000 attendees, ComplexCon Hong Kong was a perfect testing ground for onboarding users into digital collectibles and exclusive rewards on the blockchain. [...] Read More... The post Simit Naik: nChain’s ComplexCon Hong Kong app a landmark for blockchain adoption appeared first on CoinGeek.

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  • Australia’s Largest Stock Exchange Approves It’s First Bitcoin ETF

    Jun 17, 2024 | 01:57 am

    Australia’s largest stock market, the Australian Securities Exchange (ASX), approved listing the first Bitcoin exchange-traded fund (ETF) on its platform on June 20. The issuer will be VanEck, and the instrument will be dubbed the VanEck Bitcoin ETF (VBTC). BREAKING: 🇦🇺 Australia’s largest stock exchange, ASX has approved its first spot #Bitcoin ETF. pic.twitter.com/M4kApaqfhW — [...] The post Australia’s Largest Stock Exchange Approves It’s First Bitcoin ETF appeared first on Crypto Breaking News.

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  • Financial Stability Board to Extend Its Work on Stablecoin Risks in Emerging and Developing Economies

    Jun 17, 2024 | 01:55 am

    “In emerging market and developing economies (EMDEs), crypto-assets pose particular challenges for monetary policy and capital flow management,” the FSB said. “Members discussed the challenges posed by the relatively higher levels of adoption and risks of global stablecoin arrangements in EMDEs. The FSB will undertake further work to consider how these challenges can be addressed.” [...] The post Financial Stability Board to Extend Its Work on Stablecoin Risks in Emerging and Developing Economies appeared first on Crypto Breaking News.

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  • Bitcoin price reflects basis trade dynamics, not suppression

    Jun 17, 2024 | 01:54 am

    Quick Take Since June 10, Bitcoin has experienced a notable decline, dropping from approximately $72,000 to as low as $65,200. This drop coincides with significant activity in Bitcoin exchange-traded funds (ETFs), which have seen around $580.6 million in outflows, according to Farside data. This starkly contrasts the previous record-setting 19 consecutive trading days of inflows, […] The post Bitcoin price reflects basis trade dynamics, not suppression appeared first on CryptoSlate.

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  • Toncoin, ZKsync in focus as Bitbot aims at top exchange listing

    Jun 17, 2024 | 01:49 am

    Toncoin and ZKsync are in focus after TON rallied to an all-time high, while ZK is listed on top crypto exchanges. Bitbot recently concluded its presale and is set for token claiming and trading debut. Toncoin (TON) shot to an all-time high last week, trading to levels that had all addresses in profit. Meanwhile, new […] The post Toncoin, ZKsync in focus as Bitbot aims at top exchange listing appeared first on CoinJournal.

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  • Rumors of SEC settlement behind highs and lows of XRP

    Jun 17, 2024 | 01:46 am

    Rumors doing the rounds regarding a possible settlement by the SEC is creating the oscillation of XRP price reaching $0.5049, to go south almost immediately. Previously too, the price lowered by 0.27%, from the figure of 3.50%, finally standing at $0.4892, following a further decline by 1.77%.  Investors are awaiting the SEC’s verdict on Ripple’s …

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  • XRP Poised for a Comeback as Bullish Wedge Forms on Chart

    Jun 17, 2024 | 01:28 am

    XRP market indicators and metrics have pointed to a trend reversal with a possible price rally in the coming days. Market experts argue that XRP is not out to replace the U.S. Dollar but to revolutionize the value transmission system. After taking a massive dip in April, XRP is preparing for a bull rally after [...]

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  • SEC Counters Ripple’s $10M Penalty Proposal as It Defies “Purposes of Civil Penalty”

    Jun 17, 2024 | 01:13 am

    The Securities and Exchange Commission (SEC) has countered the proposal of Ripple Labs to lower the penalty against it to $10 million, saying “it would not satisfy the purposes of the civil penalty statutes.”Ripple’s Attempt to Lower the PenaltyThe SEC’s counter came on Friday, only a day after Ripple cited the recent settlement of the regulator with Terraform Labs and its former CEO, Do Kwon, to reduce a previously proposed civil penalty of $876.3 million to $10 million.Ripple’s lawyers argued that the penalty proposed against the blockchain company by the regulator was “unreasonable” when compared to the civil penalty sought against Terraform Labs.“As Ripple’s opposition explained, in comparable (and even more egregious) cases, the SEC has agreed to civil penalties ranging from 0.6% to 1.8% of the defendant’s gross revenues,” Ripple argued. “Terraform fits that pattern.”SEC’s CounterIn its counter, the regulator pointed out that Terraform is now bankrupt and also agreed to return money to investors. The company further fired the leaders “in charge at the time of the violations.”“Ripple is agreeing to none of this relief — in fact, Ripple is agreeing to nothing,” the SEC stressed, adding that the cases of Ripple and Terraform Labs are not an “apples-to-apples comparison.”The @SEC is raging. Ripple defended itself - “agreeing to nothing.” The court gave clarity that XRP is not a security. There are no “victims” to compensate. And worst of all for the @SEC, Ripple is thriving. But at least @SEC seems to have abandoned its absurd demand for $2B. https://t.co/KVSkB9OqlH— Stuart Alderoty (@s_alderoty) June 15, 2024The SEC sealed the settlement deal with Terraform Labs and Do Kwon last week for a hefty sum of more than $4.47 billion, which combines recovery and penalty. Kwon, whose extradition fate from Montenegro hangs in the balance, will have to pay over $204 million himself.In its long-running case against Ripple, the agency is seeking $1.95 billion in total, out of which $876 million is for recovery, $198 million is for prejudgment interest, and $876 million is for a civil penalty.In the latest court filing, the SEC pointed out that in the penalty against Terraform Labs, “the gross profit of the violative conduct” on over $3.5 billion was at nearly a 12 percent ratio. If the same ratio is applied to Ripple’s $876.3 million in gross profits, which has been asked to disgorge, the civil penalty would be $102.6 million.“That low of a penalty would not satisfy the purposes of the civil penalty statutes,” the SEC added. This article was written by Arnab Shome at www.financemagnates.com.

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  • Floki Getting Left Behind To A New 100x Newcomer! SEC Vs Ripple Case Continues!

    Jun 17, 2024 | 01:13 am

    The bull run has hit a roadblock for many of the top altcoins. The bears have taken prominence in the crypto news for the past seven days. Ripple (XRP) is stuck in its legal battle with the SEC, and its investors are frustrated with how things are going. Floki Inu (FLOKI) is struggling to shake [...]

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  • Dogecoin: Should You HODL Or Fold? Dev Sounds The Alarm

    Jun 17, 2024 | 01:07 am

    The world of cryptocurrency can be as alluring as it is intimidating, especially for newcomers. With memecoins like Dogecoin experiencing surges in popularity, many are eager to jump on the bandwagon. However, a Dogecoin developer, Mishaboar, is urging caution, reminding everyone that crypto investments are a calculated leap, not a blind jump into a vat […]

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  • Japanese Regulator Issues Warning to Unregistered Crypto Platform Lbank Exchange

    Jun 17, 2024 | 01:06 am

    The Financial Services Agency (FSA) of Japan issued a warning to Lbank Exchange, an overseas cryptocurrency platform, for operating without registration. Lbank, which ranks 56th in trading volume according to Coingecko, has been offering services to Japanese residents despite reportedly having an unknown address and representative. This action follows similar warnings issued by the FSA […]

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  • Arweave’s AO set to transform decentralized computing with innovative tokenomics

    Jun 17, 2024 | 01:05 am

    In a highly anticipated SlateCast episode, Sam Williams, the visionary founder of Arweave, joined Liam “Akiba” Wright and Nate Whitehill to unveil AO, Arweave’s groundbreaking decentralized supercomputer protocol. Promising to disrupt decentralized computing, AO introduces novel approaches to parallel processing and message passing, aiming to create a trustless, scalable, and intelligent market for computation. The […] The post Arweave’s AO set to transform decentralized computing with innovative tokenomics appeared first on CryptoSlate.

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  • Will MATIC Break the $0.78 Resistance Amid Bearish Trap?

    Jun 17, 2024 | 01:01 am

    The altcoin market has been dominated by bears in recent weeks, with little significant momentum. Although considerable changes and growth are anticipated, most coins are moving at a slow pace. However, MATIC, the native token of Polygon, has experienced a notable imbalance compared to the broader crypto market. MATIC has

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  • Polygon logs 200% hike in THIS key metric: Can it help MATIC?

    Jun 17, 2024 | 01:00 am

    Since the beginning of the year, active addresses on Polygon have surged by 200%.

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  • CoinShares Rebrands XBT Provider, Targets Nordic Expansion

    Jun 17, 2024 | 00:58 am

    CoinShares International Limited, a leading digital asset investment company, has announced the rebranding of its long-standing crypto ETP brand, XBT Provider, to "CoinShares XBT Provider." This move aligns with the company's group strategy and sets the stage for expansion in the second half of 2024.CoinShares Doubles Down on Nordic Market with XBT Provider RebrandSince its inception in 2015, CoinShares XBT Provider has been a pioneer in the crypto ETP space, offering the world's first Bitcoin and Ethereum-based exchange-traded products. With current assets under management (AUM) of $3.4 billion, the company has established itself as a trusted choice for Nordic investors seeking regulated crypto exposure.As part of its growth strategy, CoinShares is actively exploring new opportunities tailored specifically for the Nordic market. Townsend Lansing, Head of Product at CoinShares, commented on the potential for a new suite of “next-generation” products in the region.“Our CoinShares XBT Provider ETPs have delivered exposure to BTC and ETH for nearly a decade,” he added.🔎 What are the differences between Spot #Bitcoin ETFs and Physical Bitcoin ETPs? As the term 'ETF' has becomes more widely used by crypto investors around the world, it's time to take stock. Read more: https://t.co/YzFdXmO8zR pic.twitter.com/jC0VXXg983— CoinShares (@CoinSharesCo) June 12, 2024CoinShares' decision to concentrate on the Nordic market follows a period of significant growth and expansion for the company. The firm recently reported its most successful financial quarter to date and finalized the purchase of Valkyrie Funds, a US-based investment company. This strategic acquisition has considerably enhanced CoinShares' international reach and strengthened its ability to operate effectively in key markets worldwide.“Across Europe and the US, we are seeing increased demand for crypto exposure via regulated products as investors consider the potential benefits of including digital assets as part of their overall portfolio,” commented Frank Spiteri, Head of Asset Management at CoinShares. Spiteri added that the current rebrand “is the start of an exciting new chapter” for CoinShares’ Nordic operations.This isn't the only recent rebranding within the cryptocurrency sector. Less than two months ago, CoinW Exchange, a well-known entity in the digital asset trading sphere, marked its sixth anniversary with significant changes. Based in Dubai, the exchange launched a rebranding campaign, which coincided with the introduction of its Proprietary Trading (Prop Trading) product.Two weeks prior, Okcoin Europe Ltd. took a decisive step to strengthen its position in Europe by changing its brand to OKX and naming Erald Ghoos as the new European General Manager. This article was written by Damian Chmiel at www.financemagnates.com.

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  • Solana (SOL) price prediction as new Solana meme coin launches tomorrow

    Jun 17, 2024 | 00:55 am

    Solana shows signs of recovery but must break $150 and $152.50 resistances. Solciety (SLCTY) meme coin launches June 18, merging politics and memes. Solciety’s presale offers increasing prices, aiming to engage early investors. Solana (SOL) has experienced significant price fluctuations recently, drawing attention from investors and analysts alike. Amid the price fluctuations, the upcoming launch […] The post Solana (SOL) price prediction as new Solana meme coin launches tomorrow appeared first on CoinJournal.

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  • What Prompted Binance to List ZKsync (ZK) Trading Pairs?

    Jun 17, 2024 | 00:43 am

    In response to community concerns and following in the footsteps of several other leading exchanges, Binance, the world’s largest crypto exchange, has officially announced the listing of ZKsync (ZK) trading pairs. This move comes amidst ongoing scrutiny over the airdrop of ZK tokens and marks a pivotal moment for ZKsync,

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  • Bitcoin Price Faces Crucial Test: Here’s What At Stake This Week

    Jun 17, 2024 | 00:30 am

    As Bitcoin enters a pivotal week, market participants are closely monitoring several key indicators and events that could determine its near-term trajectory. Renowned crypto analyst Ted (@tedtalksmacro) has provided an in-depth analysis, highlighting the critical factors at play. Weekly Bitcoin Preview Ted’s analysis begins by contextualizing the broader macroeconomic environment. Last week’s US Consumer Price Index (CPI) and Producer Price Index (PPI) data were optimistic for risk assets, highlighting a continued disinflationary trend. “Both CPI and PPI data were optimistic for risk assets, with each showing that the disinflationary trend remains,” Ted noted. However, he cautioned that the Federal Reserve’s communication suggested that the market should not be overly enthusiastic about imminent rate cuts. Related Reading: Bitcoin Crashes To $65,000, Expert Unpacks Drivers Of Crypto Market Bloodbath The focal point for this week is the Federal Open Market Committee (FOMC) meeting and its revised dot plot. In March, the dot plot indicated potential rate cuts of 2-3 times in 2024. However, the June dot plot revision suggests a more conservative outlook, indicating only 1-2 cuts. Ted explained, “The March dot plot indicated cutting rates 2-3 times in 2024, but June’s dot plot suggests only 1-2 cuts should be expected.” This alignment between the Fed’s projections and market expectations likely provides the central bank with greater flexibility in future communications about interest rates. For Bitcoin, maintaining the $66,000 support level is crucial. Ted emphasized the importance of this threshold, stating, “It’s critical that Bitcoin maintains its support at $66,000. If broken, sellers could take a stronghold on the market and force quick liquidations out of the bulls.” This support level is seen as a critical threshold, with potential implications for broader market sentiment. The implied weekly ranges for Bitcoin and Ethereum reflect the cautious optimism among traders. Bitcoin is expected to trade between $65,100 and $74,100, while Ethereum is projected to fluctuate between $3,388 and $4,025. Ted highlighted, “This week is crucial for maintaining BTC’s (and by extension, the broader crypto market’s) short-term trend.” Related Reading: Financial Giant AllianceBernstein Predicts Bitcoin At $1 Million, Here’s When Ted also pointed out the performance of US tech stocks, particularly the NASDAQ, which has recently hit new all-time highs. “US tech stocks are certainly feeling the disinflationary vibes, with the NASDAQ breaking out to new all-time highs in anticipation of easier central bank policy to come,” he noted. This disconnect shows that something could be cooking for Bitcoin. Ethereum’s performance relative to Bitcoin is another area of focus. Ted suggested that Ethereum could begin to “play catch up versus Bitcoin,” particularly with the anticipated launch of spot Ethereum ETFs on Wall Street. This potential for Ethereum to close the performance gap with Bitcoin is an important dynamic to monitor in the coming days. Additionally, rate decisions from the Swiss National Bank (SNB) and the Reserve Bank of Australia (RBA) are on the radar. While no rate cuts are expected from these central banks, their decisions will be scrutinized for any indications of future monetary policy shifts. Ted mentioned, “It’s not expected that the Australian or Swiss Central Banks cut rates at this week’s meeting, but rather remain on hold.” ETF flows, which slowed last week due to market jitters ahead of key macro events, are also expected to play a critical role. Ted noted, “Last week saw slowing ETF flows on Wall Street for Bitcoin. Likely owed to jitters ahead of key macro events, it will be key for BTC strength that flows return in the week ahead.” Strong ETF flows are essential for maintaining liquidity and supporting Bitcoin’s price. In conclusion, this week is set to be pivotal for Bitcoin and the broader crypto market. The interplay of disinflation trends, Federal Reserve communications, key support levels, and external economic factors will shape the market’s direction. Ted concluded, “The data is clearly pointing towards a shift to more accommodative monetary policy—and potentially sooner rather than later. This reinforces my view that dips are buying opportunities for risk assets like cryptocurrencies and stocks.” At press time, BTC traded at $65,965. Featured image created with DALL·E, chart from TradingView.com

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  • Bitcoin Price Faces Crucial Test: Here’s What At Stake This Week

    Jun 17, 2024 | 00:30 am

    As Bitcoin enters a pivotal week, market participants are closely monitoring several key indicators and events that could determine its near-term trajectory. Renowned crypto analyst Ted (@tedtalksmacro) has provided an in-depth analysis, highlighting the critical factors at play. Weekly Bitcoin Preview Ted’s analysis begins by contextualizing the broader macroeconomic environment. Last week’s US Consumer Price [...] The post Bitcoin Price Faces Crucial Test: Here’s What At Stake This Week appeared first on Crypto Breaking News.

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  • Binance lists ZKsync (ZK) with distribution program

    Jun 17, 2024 | 00:23 am

    Binance will list ZKsync (ZK) on Monday, June 17. The exchange will add ZK/BTC, ZK/USDT, ZK/FDUSD and ZK/TRY spot trading pairs. Binance has also revealed a ZK distribution program targeted at users who meet set criteria. Binance plans to list ZKsync (ZK) on Monday, June 17, adding trading pairs for BTC, USDT, FDUSD and the […] The post Binance lists ZKsync (ZK) with distribution program appeared first on CoinJournal.

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  • Rollblock (RBLK) Set to Break Crypto Records in 2024 Surpassing Bitcoin Cash (BCH) and ETC in Market Cap

    Jun 17, 2024 | 00:12 am

    Ethereum Classic (ETC) and Bitcoin Cash (BCH) have both seen a decline in value which has subsequently resulted in a dip within their market cap. As a result, many traders have already begun to diversify their holdings, looking for additional ways through which they can amplify the profit potential of their portfolio. Rollblock (RBLK) is [...]

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  • HTX Taps Singapore Football Star as Chief Safeguarding Officer

    Jun 17, 2024 | 00:06 am

    HTX, a Singapore-based cryptocurrency exchange, has announced the appointment of Hassan Sunny, the national football team goalkeeper, as its new Chief Safeguarding Officer (CSO). Although the move is promoted to bolster the exchange's commitment to ensuring “the safety and security of user assets” in the crypto world, It is essentially a sponsorship agreement with a new ambassador from the world of sports.HTX Appoints Hassan Sunny as Chief Safeguarding OfficerSunny, who recently gained national hero status in China for his performance in the 2026 FIFA World Cup Asian Qualifiers, has been the goalkeeper for the Singapore national team since 2004, playing 115 matches during this time. Since 2023, he has also been associated with the local club Albirex Niigata. During the mid-June match against Thailand, he saved 11 shots from the opposition, ultimately eliminating Thailand from further qualifying competitions and helping China to advance to the next phase of the competition."The partnership between HTX, the 'People's Exchange', and Hassan Sunny, the 'People's Goalkeeper', is a perfect match," said Justin Sun, the Member of the HTX Global Advisory Board. HTX has established its latest sponsorship collaboration with a popular Asian athlete at a time when its trading volumes have significantly increased. Finance Magnates reported at the end of May that the exchange surpassed Coinbase by reaching $2.4 billion in spot trading volume.For the first time, @HTX_Global has more spot trading volume than @coinbase. This is just the beginning, and we are just getting started. 🫡 pic.twitter.com/VeYHFCviHy— H.E. Justin Sun 孙宇晨 (@justinsuntron) May 27, 2024"Just as Sunny fearlessly protects his goal on the field, HTX is committed to protecting every user's assets with the same determination and resolve, providing the safest and most reliable investment environment possible,” added Sun.From Huobi to HTX: Navigating Brand Changes and Security SetbacksLast September marked a significant milestone for the cryptocurrency exchange formerly known as Huobi, which rebranded itself as HTX to celebrate its tenth anniversary. The newly adopted name HTX is imbued with symbolism: 'H' for Huobi, 'T' for TRON, and 'X' reflecting the essence of an exchange. This change commemorates a decade of operation and aligns the name with the exchange’s native cryptocurrency, represented by 'HT', and the Roman numeral 'X' for ten.However, HTX encountered serious security issues during its evolution. A major cyberattack in September 2023 led to a loss of $7.9 million in digital assets. The blockchain analytics company Cyvers detected and publicized this breach. The troubles continued into November when another breach resulted in a $30 million loss, forcing HTX to cease operations temporarily. This incident triggered a sharp withdrawal of funds by investors. Between the resumption of services on November 25 and December 10, HTX saw a net outflow of $258 million, as reported by DefiLlama. This article was written by Damian Chmiel at www.financemagnates.com.

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  • One More Thing Must Happen for Bitcoin To Target New All-Time Highs, According to Top Crypto Strategist

    Jun 17, 2024 | 00:04 am

    A crypto strategist who nailed the 2022 Bitcoin bottom says BTC may need the help of the stock market to break out to new highs. In a new video update, pseudonymous analyst DonAlt tells his 59,900 YouTube subscribers that Bitcoin is in a position to leave its consolidation phase and rally to fresh all-time highs. […] The post One More Thing Must Happen for Bitcoin To Target New All-Time Highs, According to Top Crypto Strategist appeared first on The Daily Hodl.

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  • India aims to be software product nation, official says

    Jun 17, 2024 | 00:00 am

    While building itself as a frontrunner in digitalization, India is also making efforts to become an IT product superpower, which it hopes to achieve by adopting emerging technologies, says Krishnan. [...] Read More... The post India aims to be software product nation, official says appeared first on CoinGeek.

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  • Litecoin price prediction: How miners might trigger a LTC drop

    Jun 17, 2024 | 00:00 am

    A shift in miners' behavior puts LTC at risk of a notable decline despite being undervalued.

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  • How Are Bitcoin Whales Strategizing Amidst BTC Consolidation?

    Jun 16, 2024 | 23:52 pm

    Bitcoin’s recent consolidation has been both a worrying and strategic period for the whales. There have been significant, huge moments from whales in recent months, with Bitcoin consolidating between $65K and $69K. Alluding to it, on June 12, a Bitcoin whale transferred 8,000 Bitcoin (BTC) from a Coinbase cold storage

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  • Polkadot (DOT) Struggles Near $6.30 – Is Now The Time To Accumulate?

    Jun 16, 2024 | 23:30 pm

    Technical indicators are casting a shadow over Polkadot, the blockchain interoperability stalwart. The token has dipped below the Ichimoku Cloud, signaling a clear downtrend. Adding to the bearish outlook, both the conversion line and the baseline of the Ichimoku indicator loom above the current price, intensifying the negative sentiment. Related Reading: XRP Whale Goes On Shopping Spree: 27 Million Coins Snapped Up As Price Dips Polkadot (DOT) is entangled in a fierce battle with a relentless bear. Once soaring high with its promise of connecting different blockchains, the token now grapples with breaching the stubborn $7 resistance level. Over the past two weeks, it has slipped to as low as $6.16, stirring unease among investors. A saving grace might be found in the proximity to the lower Bollinger Band, which hints at oversold conditions. This could trigger a short-term bounce if buying pressure surges. Holding The Line: $6.20 Support Zone In Focus The next few days could be pivotal for DOT. All eyes are glued to the $6.20 consolidation zone, which will likely determine the course of the coming battles. If DOT can successfully hold this ground, it could establish a base for a bullish reversal, especially if it manages to breach past the resistance at $6.30. However, a breach of this critical support level could lead to a demoralizing plunge towards $6.00 or even lower, if the bears tighten their grip. Analyst Sounds Bullish Trumpet Despite Bearish Symphony While the current market sentiment surrounding Polkadot seems bleak, there’s a sign of hope on the horizon.. Prominent crypto analyst Michaël van de Poppe sees a silver lining amidst the storm clouds. He views DOT’s descent towards the crucial support zone as a golden opportunity to accumulate the asset at a discount. $DOT reaching the crucial area of support and the area for accumulation. Given the upcoming RWA narrative and the large number of projects within the Polkadot ecosystem, this one is going to be a great mover in the coming years. pic.twitter.com/2ssYuzGJtZ — Michaël van de Poppe (@CryptoMichNL) June 15, 2024 This strategic play aligns with the burgeoning interest in Real World Assets (RWAs) and the ever-expanding universe of projects within the Polkadot ecosystem. Van de Poppe believes these factors, coupled with a potential breakout, could propel DOT towards significant growth in the years to come. Van de Poppe’s analysis identifies a critical support range for DOT between $5.67 and $6.11. He emphasizes the importance of establishing a higher low within this zone to maintain bullish momentum. The analyst also highlights two significant resistance levels that DOT must conquer for a triumphant breakout. The first hurdle lies around $9.30, while the ultimate test lies near $17.00, which would involve closing a price gap. Related Reading: Breakout Alert! Chainlink (LINK) On Verge Of Major Surge, Analyst Says Polkadot: Bumpy Ride Ahead? Polkadot’s short-term future appears uncertain. While technical indicators suggest a bearish bias, the analyst’s perspective offers a glimmer of hope for long-term investors. The $6.30 support zone will be the battleground where the fate of DOT will be decided in the coming days. If the bulls can successfully defend this territory, a potential breakout fueled by ecosystem growth and the RWA narrative could be on the horizon. However, if the bears breach this crucial support level, DOT might face a period of extended consolidation or even a deeper correction. Featured image from Shutterstock, chart from TradingView

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  • Polkadot (DOT) Struggles Near $6.30 – Is Now The Time To Accumulate?

    Jun 16, 2024 | 23:30 pm

    Technical indicators are casting a shadow over Polkadot, the blockchain interoperability stalwart. The token has dipped below the Ichimoku Cloud, signaling a clear downtrend. Adding to the bearish outlook, both the conversion line and the baseline of the Ichimoku indicator loom above the current price, intensifying the negative sentiment. Related Reading Polkadot (DOT) is entangled [...] The post Polkadot (DOT) Struggles Near $6.30 – Is Now The Time To Accumulate? appeared first on Crypto Breaking News.

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  • Ripple CEO Discloses 10 CBDC Partnerships: Who Are They?

    Jun 16, 2024 | 23:20 pm

    Ripple’s CEO, Brad Garlinghouse, has unveiled a significant leap forward in the world of blockchain and digital currency by announcing partnerships with 10 governments to develop Central Bank Digital Currencies (CBDCs). These collaborations aim to harness Ripple’s blockchain technology for the creation and management of government-issued digital currencies, signaling a noteworthy advance in the integration […]

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  • Solana Price Faces Uphill Task: Tough Road Ahead For SOL Bulls

    Jun 16, 2024 | 23:18 pm

    Solana tested the $138 zone before it started a recovery wave. SOL price must clear the $150 and $155 resistance levels to start a steady increase. SOL price is eyeing an upside break above the $150 resistance against the US Dollar. The price is now trading above $145 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $146 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could clear the $152.50 resistance to start a short-term uptrend. Solana Price Eyes Steady Increase Solana price extended losses below the $150 level like Bitcoin and Ethereum. SOL even declined below the $142 support before the bulls appeared near the $138 level. A low was formed at $138.01 and the price recently started a decent recovery wave. The price was able to clear the $142 and $145 resistance levels. There was a move above the 50% Fib retracement level of the downward move from the $161.89 swing high to the $138.01 low. Solana price is now trading above $145 and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $146 on the hourly chart of the SOL/USD pair. Immediate resistance is near the $150 level. The next major resistance is near the $152.50 level or the 61.8% Fib retracement level of the downward move from the $161.89 swing high to the $138.01 low. A successful close above the $152.50 resistance could set the pace for another major increase. The next key resistance is near $156.50. Any more gains might send the price toward the $160 level. Another Decline in SOL? If SOL fails to rally above the $152.50 resistance, it could start another decline. Initial support on the downside is near the $145 level and the trend line. The first major support is near the $142 level, below which the price could test $138. If there is a close below the $132 support, the price could decline toward the $125 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is near the 50 level. Major Support Levels – $145, and $142. Major Resistance Levels – $152.50, $156.50, and $160.

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  • Solana Price Faces Uphill Task: Tough Road Ahead For SOL Bulls

    Jun 16, 2024 | 23:18 pm

    Solana tested the $138 zone before it started a recovery wave. SOL price must clear the $150 and $155 resistance levels to start a steady increase. SOL price is eyeing an upside break above the $150 resistance against the US Dollar. The price is now trading above $145 and the 100-hourly simple moving average. There [...] The post Solana Price Faces Uphill Task: Tough Road Ahead For SOL Bulls appeared first on Crypto Breaking News.

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  • Largest Aussie Bourse Greenlights First Bitcoin ETF Listing

    Jun 16, 2024 | 23:17 pm

    Australia’s largest stock market, the Australian Securities Exchange (ASX), has approved the listing of the first Bitcoin exchange-traded fund (ETF) on its platform on 20 June. The issuer will be VanEck, and the instrument will be dubbed the VanEck Bitcoin ETF (VBTC).Bitcoin ETF on ASXThe decision of the leading Australian stock exchange came after the success of Bitcoin ETFs in the United States, where 11 such instruments have been listed since January. Hong Kong also launched Bitcoin and Ether ETFs following the US; however, those instruments failed to gain traction due to the local market size.“The demand for access to Bitcoin via a listed vehicle traded on ASX has been increasing, and many of our clients have told us that their clients are already positioned to have an allocation ready to invest,” said Arian Neiron, CEO and Managing Director at VanEck Asia Pacific.“We have been engaged with bringing a spot Bitcoin ETF to ASX since early 2021.”This is @vaneck_us’s brand new #Bitcoin ETF marketing ad.Wonderful work team.Have you got to ONE #Bitcoin yet? pic.twitter.com/StBQyNnuBw— British HODL ❤️‍🔥🐂❤️‍🔥 (@BritishHodl) December 29, 2023The Success of Bitcoin ETFs Drives More ListingsVanEck is one of the issuers of Bitcoin ETFs in the US market and has also applied to launch an Ether ETF. Although the US Securities and Exchange Commission approved the listing of Ether ETFs by American exchanges, it is yet to greenlight the individual Ether ETF applications by the issuers.Interestingly, the first Bitcoin ETF in Australia was listed two years ago by CBOE Australia, the country’s second-largest stock exchange. The issuer of the first Bitcoin ETF in the Australian market was Global X 21 Shares Bitcoin ETF (EBTC), which made the listing in April 2022. Earlier this month, CBOE Australia also listed Monochrome Bitcoin ETF (IBTC) as the second Bitcoin ETF.🇦🇺 Australia's new #Bitcoin ETF (IBTC) has accumulated 46 BTC since launch pic.twitter.com/ywdSwdLH4c— Julian Fahrer (@Julian__Fahrer) June 14, 2024“We recognize Bitcoin is an emerging asset class that many advisers and investors want to access,” Neiron stated in a recent press release. “VBTC also makes Bitcoin more accessible by managing all the back-end complexity. Understanding the technical aspects of acquiring, storing, and securing digital assets is no longer necessary.” This article was written by Arnab Shome at www.financemagnates.com.

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  • XRP Price Recovers Past 100 SMA: Bullish Indicators Ahead?

    Jun 16, 2024 | 23:08 pm

    XRP price started a decent recovery wave above $0.4850. The price reclaimed the 100-hourly SMA and might aim for more upsides. XRP price found support at $0.4600 and started a recovery wave. The price is now trading above $0.4850 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $0.4860 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to rise unless it fails to stay above the $0.4820 support zone. XRP Price Signals Recovery XRP price extended losses below the $0.4650 level like Bitcoin. However, the bulls took a stand near $0.4600, and the price recently started a decent recovery wave like Ethereum. There was a move above the $0.4680 and $0.4720 resistance levels. Besides, there was a break above a key bearish trend line with resistance at $0.4860 on the hourly chart of the XRP/USD pair. The pair even spiked above the $0.5000 zone. A high was formed at $0.5049 and the price is now correcting gains. There was a move below the $0.4950 support zone. There was a drop below the 23.6% Fib retracement level of the upward move from the $0.4600 swing low to the 0.5049 high. The price is now trading above $0.4850 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $0.4950 level. The first key resistance is near $0.4980. The next major resistance is near the $0.5050 level. A close above the $0.5050 resistance zone could send the price higher. The next key resistance is near $0.5250. If there is a close above the $0.5250 resistance level, there could be a steady increase toward the $0.5320 resistance. Any more gains might send the price toward the $0.5500 resistance. Another Decline? If XRP fails to clear the $0.4980 resistance zone, it could continue to move down. Initial support on the downside is near the $0.4850 level and the 100-hourly Simple Moving Average. The next major support is at $0.4720. If there is a downside break and a close below the $0.4720 level, the price might gain bearish momentum. In the stated case, the price could decline and retest the $0.460 support in the near term. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.4850 and $0.4720. Major Resistance Levels – $0.4980 and $0.5050.

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  • XRP Price Recovers Past 100 SMA: Bullish Indicators Ahead?

    Jun 16, 2024 | 23:08 pm

    XRP price started a decent recovery wave above $0.4850. The price reclaimed the 100-hourly SMA and might aim for more upsides. XRP price found support at $0.4600 and started a recovery wave. The price is now trading above $0.4850 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line [...] The post XRP Price Recovers Past 100 SMA: Bullish Indicators Ahead? appeared first on Crypto Breaking News.

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  • Shiba Inu pauses after a 21% slide: Can it spark a turnaround?

    Jun 16, 2024 | 23:00 pm

    Shiba Inu has witnessed a decline in price, and the drop in some key metrics is putting in doubt the commencement of a positive trend. 

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  • How to regulate Web3 effectively for global innovation?

    Jun 16, 2024 | 22:54 pm

    Web3, a decentralized Blockchain tech-powered revelation that can drastically improve all aspects of the modern internet, but there’s a problem. Despite the potential Web3 has to democratize the crypto industry, the regulatory scrutiny it’s facing today rivals the hurdles tackled by traditional financial instruments. The significant growth of Web3 has outpaced the framework needed to …

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  • Shiba Inu Now a Payment Option on DevourGO’s Cutting-Edge Food Delivery Platform With Millions of Users

    Jun 16, 2024 | 22:32 pm

    DevourGO, a web3 food ordering and delivery marketplace, now accepts Shiba Inu (SHIB) as a payment method. The integration with Coinbase Commerce enables seamless SHIB transactions for food deliveries. In a recent announcement, DevourGO, a pioneering web3 food company, revealed that a food order was successfully paid for using Shiba Inu tokens. The transaction was [...]

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  • Ethereum On The Rise and Outperforms Bitcoin: Signals Indicate Fresh Increase

    Jun 16, 2024 | 22:28 pm

    Ethereum price started a fresh increase from the $3,365 zone. ETH outperformed Bitcoin and might aim for a move toward the $3,800 resistance zone. Ethereum started a recovery after the bulls appeared near the $3,365 zone. The price is trading above $3,550 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $3,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend gains if it stays above the $3,550 pivot level. Ethereum Price Outperforms Bitcoin Ethereum price extended losses below $3,550 and $3,500 resistance levels. However, ETH bulls took a strong stand near the $3,350 zone. A low was formed at $3,364 level and the price started a fresh increase, outperforming Bitcoin. There was a move above the $3,450 and $3,550 resistance levels. There was a break above a key bearish trend line with resistance near $3,550 on the hourly chart of ETH/USD. The pair even climbed above the $3,600 level and tested the $3,650 resistance. A high was formed at $3,649 before there was a pullback below $3,620. The price declined below the $3,600 support level and the 23.6% Fib retracement level of the upward move from the $3,364 swing low to the $3,649 high. Ethereum is now trading above $3,550 and the 100-hourly Simple Moving Average. If there is a fresh increase, the price might face resistance near the $3,620 level. The first major resistance is near the $3,650 level. An upside break above the $3,650 resistance might send the price higher. The next key resistance sits at $3,720, above which the price might gain traction and rise toward the $3,800 level. A clear move above the $3,800 level might send Ether toward the $3,880 resistance. Any more gains could send Ether toward the $3,950 resistance zone. Are Dips Limited In ETH? If Ethereum fails to clear the $3,620 resistance, it could continue to move down. Initial support on the downside is near $3,550. The first major support is at $3,500 and the 50% Fib retracement level of the upward move from the $3,364 swing low to the $3,649 high. A clear move below the $3,500 support might push the price toward $3,420. Any more losses might send the price toward the $3,365 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now near the 50 zone. Major Support Level – $3,550 Major Resistance Level – $3,650

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  • Ethereum On The Rise and Outperforms Bitcoin: Signals Indicate Fresh Increase

    Jun 16, 2024 | 22:28 pm

    Ethereum price started a fresh increase from the $3,365 zone. ETH outperformed Bitcoin and might aim for a move toward the $3,800 resistance zone. Ethereum started a recovery after the bulls appeared near the $3,365 zone. The price is trading above $3,550 and the 100-hourly Simple Moving Average. There was a break above a key [...] The post Ethereum On The Rise and Outperforms Bitcoin: Signals Indicate Fresh Increase appeared first on Crypto Breaking News.

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  • 1xBit Stuns Football Enthusiasts With EURO Tournament

    Jun 16, 2024 | 22:22 pm

    After what seemed like a never-ending wait, we are finally at the brink of the prestigious Euro 2024! Show support to your respective national team and bustle in extra excitement as 1xBit joins the flow: the EURO TOUR tournament with fantastic prizes has started. From June 14, 2024, to July

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  • Cardano Nears $681.9M ADA Treasury Transfer in Decentralization Push

    Jun 16, 2024 | 22:11 pm

    Cardano’s treasury valued at almost $681.9 million is on the verge of being transferred to the community to finalize its decentralization process.  Growing treasury reserves have been linked to increasing network activities with the funds accumulated from transaction fees.  A top Cardano (ADA) analytics platform TapTools, has noted a strategic move which underscores Cardano’s relentless [...]

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  • IOTA’s DeFi Reach Grows as Rabby Wallet Integrates IOTA EVM 

    Jun 16, 2024 | 22:06 pm

    Web3 wallet Rabby has integrated IOTA EVM soon after LayerZero announced the integration of IOTA EVM into its cross-chain protocol.  Reports on the official site disclose that Rabby was designed to enable a simplified and easy DeFi transaction.  A Web3 wallet by DeBank, Rabby, has announced the integration of IOTA EVM to enhance the multi-chain [...]

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  • Tokenizing real-world assets: Start small, solve problems, drink milk

    Jun 16, 2024 | 22:00 pm

    At the London Blockchain Conference 2024, Dimitrios Psarrakis moderated a stellar group of panelists who unveiled how tokenization is set to transform the digital economy in the coming years. [...] Read More... The post Tokenizing real-world assets: Start small, solve problems, drink milk appeared first on CoinGeek.

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  • Cardano: Only 30% ADA holders in profit – What happens next?

    Jun 16, 2024 | 22:00 pm

    ADA sees strong on-chain support despite a huge proportion of holders experiencing losses.

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  • Staked Crypto – A Step-by-Step Guide For Beginners

    Jun 16, 2024 | 21:56 pm

    Ethereum staking has become an increasingly popular way for cryptocurrency holders to earn passive income through staking rewards. In this guide, we will walk you through the process of staking Ethereum step by step, using OkayCoin, a leading staking platform for decentralized applications, while following the best practices for staking

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  • Bitcoin Price Decline Continues: Lower Targets in Sight

    Jun 16, 2024 | 21:28 pm

    Bitcoin price started another decline from the $66,850 resistance zone. BTC is again moving lower and might even decline below the $65,500 support zone. Bitcoin failed to climb above $67,000 and started another decline. The price is trading below $66,800 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $66,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down and even trade below the $65,500 support zone. Bitcoin Price Resumes Decline Bitcoin price struggled to climb above the $67,000 resistance zone. BTC remained in a bearish zone and started a fresh decline from the $66,868 high. There was a move below the $66,500 level. Besides, there was a break below a connecting bullish trend line with support at $66,500 on the hourly chart of the BTC/USD pair. The pair traded below the 23.6% Fib retracement level of the upward move from the $65,075 swing low to the $66,868 high. Bitcoin is now trading below $66,800 and the 100 hourly Simple moving average. It seems like the price might soon test the 50% Fib retracement level of the upward move from the $65,075 swing low to the $66,868 high. On the upside, the price is facing resistance near the $66,500 level and the 100 hourly Simple moving average. The first major resistance could be $66,850. The next key resistance could be $67,000. A clear move above the $67,000 resistance might start a decent increase and send the price higher. In the stated case, the price could rise and test the $66,000 resistance. Any more gains might send BTC toward the $68,500 resistance in the near term. More Losses In BTC? If Bitcoin fails to climb above the $66,500 resistance zone, it could continue to move down. Immediate support on the downside is near the $66,000 level. The first major support is $65,750. The next support is now forming near $65,500. Any more losses might send the price toward the $65,000 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $66,500, followed by $65,000. Major Resistance Levels – $66,500, and $67,000.

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  • Spot Ethereum ETFs Expected to Begin Trading by July 2

    Jun 16, 2024 | 21:28 pm

    Eric Balchunas, a Bloomberg ETF analyst, posted on June 15 that his "best guess as of now" is that spot Ether ETFs will start trading by July 2. He mentioned that the United States Securities and Exchange Commission's (SEC) staff comments on the ETF applicants' S-1 applications were “pretty light, nothing major,” and requested them back within the week. The post Spot Ethereum ETFs Expected to Begin Trading by July 2 appeared first on CoinChapter.

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  • Bitcoin Price Decline Continues: Lower Targets in Sight

    Jun 16, 2024 | 21:28 pm

    Bitcoin price started another decline from the $66,850 resistance zone. BTC is again moving lower and might even decline below the $65,500 support zone. Bitcoin failed to climb above $67,000 and started another decline. The price is trading below $66,800 and the 100 hourly Simple moving average. There was a break below a connecting bullish [...] The post Bitcoin Price Decline Continues: Lower Targets in Sight appeared first on Crypto Breaking News.

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  • An El Salvador Bitcoin Bank Will Go Live This Year

    Jun 16, 2024 | 21:10 pm

    An El Salvador Bitcoin bank appears like a huge possibility following President Nayib Bukele's proposal to boost financial services in both BTC and the U.S. dollar. The post An El Salvador Bitcoin Bank Will Go Live This Year appeared first on CoinChapter.

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  • Why XRP’s recent price surge failed to break its bearish trend

    Jun 16, 2024 | 21:00 pm

    XRP has experienced a price surge in the last 24 hours. Despite this, the market remains bearish.

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  • A Spot Bitcoin ETF Will Go Live on Australia’s ASX This Month

    Jun 16, 2024 | 20:56 pm

    The Australian Securities Exchange (ASX) has approved its first spot Bitcoin exchange-traded fund (ETF), the VanEck Bitcoin ETF (VBTC), which will begin trading on June 20. VanEck highlighted the growing demand for Bitcoin investment options in Australia. The post A Spot Bitcoin ETF Will Go Live on Australia’s ASX This Month appeared first on CoinChapter.

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  • Is Changpeng Zhao Really Manipulating BNB Prices?

    Jun 16, 2024 | 20:37 pm

    Former Binance CEO Changpeng Zhao (CZ) owns 64% of the circulating supply of Binance Coin (BNB), according to a Forbes report. This amounts to roughly 94 million tokens. A forensic analysis by Gray Wolf Analytics revealed that 80 million BNB tokens were initially allocated to the Binance founding team, with the company still controlling 46 million of these original tokens, raising worries that CZ may have been manipulating BNB prices in recent years. The post Is Changpeng Zhao Really Manipulating BNB Prices? appeared first on CoinChapter.

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  • US advocacy group seeks ties with India on pending tech regulations

    Jun 16, 2024 | 20:00 pm

    While India sees itself as a nation poised to become a significant player in the global tech space, several issues still need to be addressed, including tackling pending rules and crafting new ones. [...] Read More... The post US advocacy group seeks ties with India on pending tech regulations appeared first on CoinGeek.

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  • MATIC struggles to break past $0.75: Is $1 a pipe dream?

    Jun 16, 2024 | 20:00 pm

    MATIC appears stuck in a bearish loop and is unable to come out.

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  • Will Bitcoin mining help BTC cross $86K? Breaking down the odds

    Jun 16, 2024 | 19:00 pm

    Bitcoin’s average mining cost was $86k, which suggested that BTC’s price might reach that level soon.

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  • From Beginner to Pro in Ethereum Casino Gambling

    Jun 16, 2024 | 18:09 pm

    Crypto casinos are at the forefront of most of the advancements seen in the gambling industry today. While Bitcoin is the most valuable cryptocurrency, Ethereum is next in line. It offers a robust platform for creating and executing transactions. With Ethereum casinos, gamblers can see more innovations in the game offerings, security, and ease of [...]

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  • ASEAN countries join hands for AI development

    Jun 16, 2024 | 18:00 pm

    The ten members of the Association of Southeast Asian Nations have established a working group on AI governance and reiterated their commitment to exploiting the tech to boost their economies. [...] Read More... The post ASEAN countries join hands for AI development appeared first on CoinGeek.

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  • Expect Opportunities Within Small and Mid-Cap Altcoins Once Correction Settles: Analyst Jamie Coutts

    Jun 16, 2024 | 17:00 pm

    Crypto analyst Jamie Coutts says that the current correction in digital assets is likely a mid-cycle dip that could be taken advantage of. Coutts says on the social media platform X that Bitcoin (BTC) and Ethereum (ETH) have held up much stronger than other crypto assets, implying that a potential mean reversion is on the […] The post Expect Opportunities Within Small and Mid-Cap Altcoins Once Correction Settles: Analyst Jamie Coutts appeared first on The Daily Hodl.

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  • BlockDAG Set to Hit $10 by 2025 Amidst $50.9M Presale Triumph; Solana and VeChain Navigate Market Volatility

    Jun 16, 2024 | 17:00 pm

    As Solana anticipates a bullish boost from an imminent Mainnet upgrade and VeChain’s price tumbles below key levels, investors are increasingly drawn to BlockDAG. Touted as the foremost Layer 1 solution with an advanced DAG-based PoW consensus, BlockDAG, after a historic 1,120% rise, is forecasted to escalate from $0.0122 to $10 in 2025, potentially offering a […] The post BlockDAG Set to Hit $10 by 2025 Amidst $50.9M Presale Triumph; Solana and VeChain Navigate Market Volatility appeared first on CoinChapter.

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  • BlockDAG Secures Top Spot On CoinSniper Following A Stellar 1120% Price Increase As Polkadot Dips & Cosmos Wobbles

    Jun 16, 2024 | 17:00 pm

    As the market treads lightly around the potential downturn of Cosmos (ATOM) and the unsettling news surrounding Polkadot, BlockDAG emerges as a beacon of success with an astounding 1120% increase in value. This leap has positioned it as the new titan in the cryptocurrency arena, compelling a flurry of investment into BDAG coins. The astounding […]

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  • Bonk Coin Faces 36% Drop Since May High on Solana Network

    Jun 16, 2024 | 14:49 pm

    Solana-based BONK memecoin has come under intense bearish pressure since peaking at $0.000041 on May 28. As the coin trades within a descending channel, the Bonk coin faces a 36% drop if it breaks below key support. Bonk coin (BONK) was one of the best performers and highlighted tokens during the recent memecoin mania that [...]

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  • Crypto Clout: 64% Of BNB Coins Belong To Former Binance Boss

    Jun 16, 2024 | 14:00 pm

    Changpeng Zhao (CZ), the former CEO of Binance, a leading cryptocurrency exchange, is currently serving a four-month prison sentence for breaching anti-money laundering regulations. Despite his incarceration, CZ’s control over Binance Coin (BNB), the platform’s native token, remains robust. Related Reading: Memecoins Are ‘One Of The Most Powerful Narratives’ In The Crypto Market – CEO According […]

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  • Protocol Village: Polkadot Community Approves ‘Jam’ Architecture, $65M Development Fund

    Jun 16, 2024 | 13:58 pm

    June 13: Minima, describing itself as the only blockchain lightweight enough to run entirely on mobile and device chips, says it’s working with Influx Technology to integrate a data tracker into a McLaren GT4 – a capability that could improve racing performance as well as prevent cheating. According to a press release: “Data points on [...] The post Protocol Village: Polkadot Community Approves ‘Jam’ Architecture, $65M Development Fund appeared first on Crypto Breaking News.

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  • Missed Pepe and Book of Meme? SolJu could be the next hit

    Jun 16, 2024 | 13:42 pm

    Meme coins have a market cap of over $60 billion. Tokens like Pepe and Bonk have made many millionaires. SolJu could be the next big thing in the meme coin industry. Meme coins have done well this year, as they outperformed most mainstream coins like Bitcoin, Ether, and Ripple. Some, like Pepe and Book of […] The post Missed Pepe and Book of Meme? SolJu could be the next hit appeared first on CoinJournal.

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  • Missed Pepe and Book of Meme? SolJu could be the next hit

    Jun 16, 2024 | 13:41 pm

    Meme coins have a market cap of over $60 billion. Tokens like Pepe and Bonk have made many millionaires. SolJu could be the next big thing in the meme coin industry. Meme coins have done well this year, as they outperformed most mainstream coins like Bitcoin, Ether, and Ripple. Some, like Pepe and Book of […] The post Missed Pepe and Book of Meme? SolJu could be the next hit appeared first on CoinJournal.

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  • Crypto Whales Unload $3,300,000,000 in Bitcoin (BTC) in Just 10 Days, According to Analyst

    Jun 16, 2024 | 13:00 pm

    A closely followed on-chain analyst says deep-pocketed Bitcoin holders are cashing in billions of dollars worth of BTC. Analyst Ali Martinez tells his 64,200 followers on the social media platform X that Bitcoin whales have unloaded more than 50,000 BTC worth roughly $3.30 billion in just 10 days. In addition to BTC whales, Martinez says […] The post Crypto Whales Unload $3,300,000,000 in Bitcoin (BTC) in Just 10 Days, According to Analyst appeared first on The Daily Hodl.

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  • BlockDAG Rocks the Crypto Scene with 50 Dev Releases and a Slick Blockchain Explorer Push Presale to the Edge of $51M!

    Jun 16, 2024 | 13:00 pm

    BlockDAG marks a significant milestone with its 50th Development (Dev) Release, unveiling an advanced blockchain explorer designed to enhance real-time data aggregation. This latest enhancement revolutionises the user experience by offering immediate access to the newest block and transaction data.  Simultaneously, BlockDAG’s presale is approaching a notable high, currently standing at $50.8 million and swiftly nearing […] The post BlockDAG Rocks the Crypto Scene with 50 Dev Releases and a Slick Blockchain Explorer Push Presale to the Edge of $51M! appeared first on CoinChapter.

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  • Crypto Insider Says Web3 Social Media Platform Farcaster May Launch a Token in the Future: Report

    Jun 16, 2024 | 11:45 am

    Farcaster, the blockchain-based challenger of social media platform X, reportedly may introduce its own token. The Ethereum (ETH)-based decentralized social network Farcaster allows users to create profiles, make posts called “casts” and follow others. The platform also gives users the ability to store their data on-chain and showcase their non-fungible tokens (NFTs). According to Fortune, […] The post Crypto Insider Says Web3 Social Media Platform Farcaster May Launch a Token in the Future: Report appeared first on The Daily Hodl.

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  • Altcoins Set to Explode: Analyst Predicts Major Bull Market Breakout

    Jun 16, 2024 | 11:00 am

    The famous crypto analyst Mags shared his thoughts in the X post, stating that altcoins are still consolidating and will soon experience a massive breakout. This analysis has created great activity among investors, who expect their performance to intensify with a powerful bull market. Mags outlined a clear pattern that altcoins typically follow: The four […]

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  • Algotech (ALGT) Shines Through Market Noise With 5,000% Prospects While Arbitrum (ARB) And Dogwifhat (WIF) Dip

    Jun 16, 2024 | 10:00 am

    Amidst the tumultuous DeFi space, Algotech (ALGT) is boosting investor confidence, boasting staggering prospects of up to 5,000%. Meanwhile, other digital assets such as Arbitrum (ARB) and Dogwifhat (WIF) are experiencing a decline in their fortunes. Can the former outpace its more established counterparts, or will they reclaim their dwindling glory? Stick around to find […] The post Algotech (ALGT) Shines Through Market Noise With 5,000% Prospects While Arbitrum (ARB) And Dogwifhat (WIF) Dip appeared first on CoinChapter.

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  • Bloomberg Expert Forecasts Launch of Ethereum ETF in US for July 2nd

    Jun 16, 2024 | 09:55 am

    A Bloomberg exchange-traded fund (ETF) expert says that spot market Ethereum (ETH) ETFs can be expected in the US by early July. In a new thread on the social media platform X, senior ETF analyst Eric Balchunas says ETH-based ETFs may be approved by July 2nd after it was found out that the U.S. Securities […] The post Bloomberg Expert Forecasts Launch of Ethereum ETF in US for July 2nd appeared first on The Daily Hodl.

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  • BlackRock Executive Says Investment Advisors Remain Wary of Bitcoin ETFs

    Jun 16, 2024 | 09:51 am

    BlackRock's Chief Investment Officer of ETF and Index Investments states that registered investment advisors remain “wary” of spot Bitcoin exchange-traded funds (ETFs).

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  • Polkadot (DOT) Faces Bearish Struggle as Price Hovers Near $6.20; Analyst Sees Recovery Potential

    Jun 16, 2024 | 09:30 am

    Polkadot (DOT), a blockchain project re­­nowned for its interoperability fe­­atures, is currently expe­­riencing a challenging phase. Re­­cently, DOT has been unable­­ to break past the crucial $7 resistance­­ level. Instead, its price­­ has oscillated betwee­­n $7.25 and $6.16 over the last two wee­­ks, causing concern among investors about a potential de­­eper decline­­. Technical indicators paint […]

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  • BlockDAG Secures Top Spot on CoinSniper with $50.8M Presale Amid NEAR Stability and ICP Buzz

    Jun 16, 2024 | 09:03 am

    Despite market downturns, the NEAR token price remains resilient, continuously attracting attention. Concurrently, Internet Computer (ICP) news reflects a surge in social discussions due to its recent price trends, marking it as a point of interest. Amidst this landscape, BlockDAG emerges prominently, securing the top spot on CoinSniper with a presale collection of $50.8 million. […]

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  • Institutional Ethereum Whales Amass $2.45 Billion Amid Market Volatility, ETF Anticipation Soars

    Jun 16, 2024 | 08:50 am

    Ethere­um, the second-largest cryptocurre­ncy by market capitalization, has recently witne­ssed a flurry of activity among its largest holders. According to on-chain data, Ethe­reum whales—investors holding substantial amounts of the­ cryptocurrency—have capitalized on the­ recent price dip to bolste­r their holdings.  Over a span of just three­ weeks, these­ entities have accumulate­d more than 700,000 ETH, […]

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  • Solana Faces Bearish Outlook Amid Technical Breakdown, Warns Crypto Analyst

    Jun 16, 2024 | 07:40 am

    The popular crypto analyst Crypto Jack has given a bearish signal regarding Solana’s (SOL) price action. The analyst pointed out in a recent X post, that the price of SOL is in the process of breaking out from a symmetrical triangle, which is a technical signal that commonly indicates a coming large price shift. This […]

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  • 100 Largest Non-Exchange Ethereum Whales Now Hold All-Time High of $241,635,000,000 in ETH: Santiment

    Jun 16, 2024 | 07:30 am

    The biggest whales on the Ethereum network currently hold an all-time high of $241.635 billion in ETH, according to the newest on-chain data. According to crypto analytics firm Santiment, the 100 largest non-exchange Ethereum whales hold a record high of 68.39 million ETH tokens, while exchange wallets have declined. “The top 100 Ethereum wallets on […] The post 100 Largest Non-Exchange Ethereum Whales Now Hold All-Time High of $241,635,000,000 in ETH: Santiment appeared first on The Daily Hodl.

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  • Breakout Alert! Chainlink (LINK) On Verge Of Major Surge, Analyst Says

    Jun 16, 2024 | 07:02 am

    After a period of consolidation, Chainlink (LINK), the oracle network powering decentralized applications (dApps), is exhibiting signs of a potential breakout. This bullish sentiment comes amidst a broader recovery in the cryptocurrency market, with Bitcoin regaining its footing above the crucial $65,000 support level. Related Reading: NEAR Protocol: From Recent Dip To Google Search Darling – Is $16 Next? Technical Indicators Look Verdant Renowned crypto analyst Jonathan Carter is among those betting big on LINK’s future. Chainlink’s price structure is forming a bullish pattern, Carter remarked, pointing to the token’s recent rebound from the middle line of a descending channel. #LINK ChainLink is showing a bullish structure by bouncing off the middle line of a descending channel🧐 A breakout above the MA 200 (around $16) could push price towards the resistance zone near $25🎯 pic.twitter.com/SmlGnbHkku — Jonathan Carter (@JohncyCrypto) June 14, 2024 A decisive break above the 200-day moving average, currently hovering around $16, could propel LINK towards a resistance zone near $25, according to Carter’s analysis. This potential price surge is further bolstered by various technical indicators. Mixed Market Sentiment With Underlying Bullishness While the overall market sentiment leans slightly bearish, there are pockets of optimism surrounding Chainlink. The latest price forecast for LINK predicts a 4% increase to approximately $16.53 in the next coming days. Interestingly, some analysts highlight a dichotomy in investor sentiment. Despite the recent price dip, a significant 30% of market participants still hold bullish views on LINK. Market Smells Greed Further fueling this optimism is the current reading of 74 on the Fear & Greed Index, which suggests a dominant sentiment of “greed” among investors. This indicates that despite short-term price fluctuations, investor confidence in Chainlink’s long-term potential remains strong. While the current outlook for Chainlink is undeniably optimistic, experts urge investors to approach the market with caution. Price predictions, particularly in the highly volatile cryptocurrency space, are inherently subjective and susceptible to unforeseen circumstances. The broader market sentiment, currently reflecting “greed,” could also lead to a correction if investor expectations are not met. Investors should always conduct their own research before making any investment decisions, advised a spokesperson for Chainlink. Understanding the underlying technology, the project roadmap, and the risks involved is crucial for navigating the dynamic world of cryptocurrencies. Related Reading: XRP Whale Goes On Shopping Spree: 27 Million Coins Snapped Up As Price Dips Chainlink’s Core Strength Despite the inherent volatility, Chainlink’s core value proposition as a secure and reliable oracle network for dApps remains a key driver of its long-term potential. By bridging the gap between decentralized networks and the real world, Chainlink plays a critical role in enabling the growth and adoption of decentralized finance (DeFi). With a potential breakout on the horizon and renewed optimism in the crypto market, the coming weeks will be crucial in determining the token’s future trajectory. As the DeFi space flourishes, Chainlink’s ability to connect blockchains to external data feeds will undoubtedly be a factor to watch. Featured image from Pexels, chart from TradingView

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  • Breakout Alert! Chainlink (LINK) On Verge Of Major Surge, Analyst Says

    Jun 16, 2024 | 07:02 am

    After a period of consolidation, Chainlink (LINK), the oracle network powering decentralized applications (dApps), is exhibiting signs of a potential breakout. This bullish sentiment comes amidst a broader recovery in the cryptocurrency market, with Bitcoin regaining its footing above the crucial $65,000 support level. Related Reading Technical Indicators Look Verdant Renowned crypto analyst Jonathan Carter [...] The post Breakout Alert! Chainlink (LINK) On Verge Of Major Surge, Analyst Says appeared first on Crypto Breaking News.

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  • Crypto Roundtable Organized by Ro Khanna Sparks Hope for U.S. Bitcoin Policy Reform

    Jun 16, 2024 | 06:40 am

    In a significant move for the­ crypto sector, U.S. Congressman Ro Khanna of California’s 17th congressional district is organizing a pivotal roundtable­ on Bitcoin and blockchain technology. Scheduled for e­arly July in Washington D.C., this meeting is the­ most consequential gathering of policymake­rs and blockchain innovators according to a private email from Khanna’s office. The­ […]

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  • Will Bitcoin’s price bear the brunt of Mt. Gox’s repayment plan?

    Jun 16, 2024 | 06:34 am

    The following is a guest post by Nischal Shetty, co-founder and President at Shardeum. Mt. Gox’s dormancy might not be over, but a series of tokens moving out from its wallets has caught the attention of the market. A total of 137,890 BTC valued at $9.4 billion is presumed to be headed to creditors’ wallets, […] The post Will Bitcoin’s price bear the brunt of Mt. Gox’s repayment plan? appeared first on CryptoSlate.

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  • Maximizing Ethereum Staking Rewards: Tips and Tricks

    Jun 16, 2024 | 06:11 am

    Are you looking to maximize the potential of your Ethereum holdings? Stake Ethereum using OkayCoin and take advantage of the benefits of decentralized finance (DeFi). OkayCoin offers a seamless platform for staking your Ethereum, allowing you to earn rewards while contributing to the security and efficiency of blockchain networks. By staking your Ethereum through OkayCoin, […] The post Maximizing Ethereum Staking Rewards: Tips and Tricks appeared first on CoinChapter.

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  • Don’t Expect Altseason Until This Happens, According to Crypto Analyst Benjamin Cowen

    Jun 16, 2024 | 04:45 am

    A widely followed crypto analyst says that investors shouldn’t expect altcoin season until the Federal Reserve makes its next move. In a new video update, crypto strategist Benjamin Cowen tells his 802,000 YouTube subscribers that altseason likely won’t happen until the Fed loosens monetary policy and cuts interest rates. According to Cowen, in the last […] The post Don’t Expect Altseason Until This Happens, According to Crypto Analyst Benjamin Cowen appeared first on The Daily Hodl.

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  • The AI Token Race: Will You Become a Crypto Millionaire if FET Hits $5 or WienerAI (WAI) Becomes the Next Crypto to Hit $1?

    Jun 16, 2024 | 01:35 am

    Two AI-powered tokens, Fetch.ai (FET) and WienerAI (WAI) are captivating the AI sector with their unique propositions and the potential for significant returns. These tokens generate substantial interest, and speculations have arrived at whether these AI-driven tokens could make you a crypto millionaire. Fetch.ai: Riding the Wave of AI Super Intelligence Merger Fetch.ai, an AI […]

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  • Analysts Predict Base Chain Meme Coin $DAWGZ Will Rally Next as $BONK and $MAGA Pump 8%

    Jun 16, 2024 | 01:29 am

    Meme coins $BONK and $MAGA surge 8% as analysts predict strong growth for new Base chain meme coin $DAWGZ. Recently, two Solana meme coins, $BONK and $MAGA, experienced notable price increases, sparking interest and speculation among traders and analysts. While these coins are making headlines, a new contender, Base Dawgz ($DAWGZ), shows strong growth potential […]

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  • Metaverse GameFi Project Pixelverse Gains $5.5M in Funding: The Best Gaming Crypto Project in 2024 or Play2Earn Crypto PlayDoge?

    Jun 16, 2024 | 01:22 am

    Pixelverse secures $5.5 million in funding for Web3 gaming innovation while PlayDoge, a nostalgic P2E project, raises $4 million in presale. The competitive landscape of blockchain gaming and Play-to-Earn (P2E) sectors is heating up, with two standout projects making significant strides. Pixelverse has secured $5.5 million to drive its Web3 gaming innovation, while PlayDoge has […]

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  • ApeX Protocol Unveils ApeX Omni — Modular, Intent-Centric, Chain-Agnostic Decentralized Exchange

    Jun 16, 2024 | 01:06 am

    Saint Vincent, the Grenadines, June 16th, 2024, Chainwire ApeX Protocol, the leading permissionless and non-custodial decentralized exchange (DEX), proudly unveils its brand new product — ApeX Omni. Built on a modular, intent-centric architecture, Omni is set to redefine the decentralized trading experience with an aggregated multichain liquidity trading framework, and enhance your DEX trading experience […] The post ApeX Protocol Unveils ApeX Omni — Modular, Intent-Centric, Chain-Agnostic Decentralized Exchange appeared first on CoinChapter.

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  • OkayCoin Launches Pooled Staking for Ethereum to Enhance Accessibility and Returns

    Jun 16, 2024 | 01:00 am

    OkayCoin, a leading platform in cryptocurrency staking, has announced the introduction of pooled staking for Ethereum, enabling a broader range of investors to participate in Ethereum staking without meeting the typical 12 ETH requirement. William Miller, CEO of OkayCoin, unveiled this innovative service today, highlighting the company’s commitment to making crypto staking more accessible and profitable […] The post OkayCoin Launches Pooled Staking for Ethereum to Enhance Accessibility and Returns appeared first on CoinChapter.

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  • CoinStats Launches Upgraded Profit and Loss Calculator

    Jun 16, 2024 | 00:31 am

    Crypto portfolio tracker CoinStats has launched an upgraded version of its crypto portfolio profit and loss calculator. The new calculator was designed to help users manage their crypto portfolios with greater accuracy. It features metrics that give you a comprehensive view of your portfolio’s performance so that you can make informed investment decisions. These include […]

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  • Project Leonidas update: Italian banks complete wholesale CBDC trial

    Jun 16, 2024 | 00:00 am

    The Italian Banking Association trialed a wholesale CBDC issuance within a DLT environment, with atomicity, transparency and traceability as the major benefits. [...] Read More... The post Project Leonidas update: Italian banks complete wholesale CBDC trial appeared first on CoinGeek.

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  • BlockDAG’s Keynote 2 Captivates Influencers & Forecasts 30,000x ROI; ADA and SHIB Price Movements Explored 

    Jun 15, 2024 | 23:55 pm

    Cardano (ADA) has recently witnessed a notable increase in whale transactions, resulting in a temporary price rise. Similarly, Shiba Inu’s price surged 10% after significant SHIB token purchases by a whale. Amid these market shifts, BlockDAG has captured the attention of influencers, particularly following its recent Keynote 2. Reviewed by the esteemed crypto influencer Nitrous […]

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  • HSBC extends digital yuan services for corporate clients, eyes new use cases

    Jun 15, 2024 | 22:00 pm

    With talks of the commercial rollout of the digital yuan just around the corner, HSBC has started offering corporate clients CBDC services in support of the PBoC pilot initiatives. [...] Read More... The post HSBC extends digital yuan services for corporate clients, eyes new use cases appeared first on CoinGeek.

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  • Bitcoin Breaks $70,000: DigitMiner Revolutionizes Bitcoin Mining

    Jun 15, 2024 | 21:00 pm

    Bitcoin (BTC) has recently experienced an astonishing surge, increasing by 35% to reach $65,000, capturing the attention of investors worldwide. This rally has sparked discussions about Bitcoin potentially surpassing $70,000 in the short term, especially with the upcoming mining reward halving and various market factors driving the price. For investors looking to quickly acquire Bitcoin, DigitMiner offers […] The post Bitcoin Breaks $70,000: DigitMiner Revolutionizes Bitcoin Mining appeared first on CoinChapter.

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  • Alibaba’s updated Tongyi Qianwen AI model to rival offerings from Meta, OpenAI

    Jun 15, 2024 | 20:00 pm

    In terms of capabilities, Qwen2 could challenge existing AI models developed by tech giants OpenAI and Meta, with features such as advanced training methods and support for 27 languages. [...] Read More... The post Alibaba’s updated Tongyi Qianwen AI model to rival offerings from Meta, OpenAI appeared first on CoinGeek.

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  • Top Rated Crypto for 30,000x ROIs: The Inside Look into BlockDAG’s High Tech Ecosystem That’s Beating BNB and Ethereum Price Hype

    Jun 15, 2024 | 17:00 pm

    Amidst a tepid market recovery, Ethereum faces price stress, while BNB surges with no major stress factors, attracting inflows. Amidst these developments, BlockDAG, a layer 1 project with a stellar presale, has become the preferred destination for inflows. Its high-tech ecosystem fuels growth, with the potential to hit the $30 target by 2030. The BlockDAG […]

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  • BlockDAG’s X1 App Delivers Outstanding Features Amidst a $50.6M Presale, While KAS Wavers and XMR Faces Challenges

    Jun 15, 2024 | 13:00 pm

    Kaspa’s recent price fluctuations have surprised many, showing sharp increases and decreases. In contrast, Monero (XMR) has managed a 24% rise this past month despite facing several delistings. Amid these volatile market conditions, BlockDAG’s X1 Miner app distinguishes itself with unique features that emphasize transparency and tracking, providing miners with real-time data about their activities. This focus […] The post BlockDAG’s X1 App Delivers Outstanding Features Amidst a $50.6M Presale, While KAS Wavers and XMR Faces Challenges appeared first on CoinChapter.

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  • Anthony Scaramucci Urges Biden to Pivot on Crypto as Trump Calls Himself “Crypto President”

    Jun 15, 2024 | 12:29 pm

    Anthony Scaramucci, the founder of Skybridge Capital, has urged President Joe Biden to soften his stance on cryptocurrencies.

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  • What’s the difference between Shamir, TSS, MPC, Multisig, and VSS in crypto custody?

    Jun 15, 2024 | 12:20 pm

    Digital asset security is paramount in crypto, and several cryptographic methods are available to ensure the safety of digital assets, each with unique benefits and applications. This article focuses on explaining Shamir’s Secret Sharing (SSS), Threshold Signature Schemes (TSS), Multi-Party Computation (MPC), Multi-Signature (Multisig), and Verifiable Secret Sharing (VSS) as they pertain to crypto wallets […] The post What’s the difference between Shamir, TSS, MPC, Multisig, and VSS in crypto custody? appeared first on CryptoSlate.

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  • Hoskinson Announces Cardano Game-Changer, Days After Blasting Anti-ADA Media Coverage

    Jun 15, 2024 | 12:19 pm

    In a post on X, the Cardano founder noted that the upcoming upgrade would be the most significant milestone in the history of Cardano. 

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  • Ethereum Poised for Surge Following Analyst’s Bullish ETF Prediction Amid Market Correction

    Jun 15, 2024 | 11:45 am

    In a significant update for the­ cryptocurrency market, Eric Balchunas, Bloomberg’s Se­nior ETF Analyst, has shifted his stance on Ethere­um Exchange Traded Funds (ETFs). Initially cautious, Balchunas now anticipates that the­ Securities and Exchange Commission (SEC) will approve­ Ethereum ETFs by July 2, refle­cting a change in the regulatory landscape. Balchunas’ earlie­r cautious stance was […]

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  • Bitcoin On Cusp Of Breathtaking Rally: Bernstein Analysts Tell When BTC Will Go Beyond $1 Million Price

    Jun 15, 2024 | 11:24 am

    Analysts at Global investment firm AllianceBernstein continue to be bullish on Bitcoin.

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  • CryptoHub Announces BoundlessPay Private Sale Incubation

    Jun 15, 2024 | 11:00 am

    CryptoHub, a leading Web3 launchpad in the industry, has recently announced the incubation of BoundlessPay, a digital banking platform set to redefine the global financial landscape, particularly in African countries.  This strategic collaboration aims to leverage BoundlessPay’s innovative solutions to bridge centralized finance (CeFi) and decentralized finance (DeFi), providing seamless on/off ramp solutions that cater […] The post CryptoHub Announces BoundlessPay Private Sale Incubation appeared first on CoinChapter.

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  • Analyst Suggest Render (RNDR) $6.85 to $7.96 Range For Best Buying Opportunity

    Jun 15, 2024 | 10:45 am

    Despite recent downturns, Render (RNDR) is demonstrating resilience, maintaining its support levels and showing signs of a potential upward trend. Over the past week, RNDR has experienced a decline of nearly 12%, and over the last 30 days, the token has dropped by a significant 26%, reflecting the overall bearish sentiment in the cryptocurrency market. […]

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  • Michael Saylor’s MicroStrategy Ups Latest Debt Offering To $700 Million To Increase Its Bitcoin Bet

    Jun 15, 2024 | 10:33 am

    Holding firm to the diehard Bitcoin maximalism of its leadership, Michael Saylor’s MicroStrategy has doubled down yet again on the world’s premier cryptocurrency,

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  • BlockDAG Breaks the Bank: X1 Miner App Propels Presale to $50.4M, Dazzling Beyond VeChain & Hedera!

    Jun 15, 2024 | 10:00 am

    Analysts keep a close eye on it as VeChain (VET) nears a bullish breakthrough. Meanwhile, Hedera (HBAR) is gearing up for a substantial mainnet update planned for June. BlockDAG’s X1 Miner App has captured the spotlight in this dynamic environment due to its innovative, customer-focused design.  Recently, the engineering team enhanced the X1 Mobile Miner […] The post BlockDAG Breaks the Bank: X1 Miner App Propels Presale to $50.4M, Dazzling Beyond VeChain & Hedera! appeared first on CoinChapter.

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  • Binance Crosses 200M Users With Massive Funds In Custody; Algotech (ALGT) Appeals To Investors’ Excitement For Large Profit

    Jun 15, 2024 | 10:00 am

    Binance, one of the world’s leading cryptocurrency exchanges, has reached a significant milestone by surpassing 200 million users. As Binance continues to dominate, beginner cryptocurrency Algotech (ALGT) is also making waves, captivating investors with its potential for substantial profits. Could this be the best crypto to buy now? Join us as we seek answers. TLDR Binance’s 200M Users […] The post Binance Crosses 200M Users With Massive Funds In Custody; Algotech (ALGT) Appeals To Investors’ Excitement For Large Profit appeared first on CoinChapter.

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  • Chainlink (LINK) Poised for Breakout Amidst Market Recovery: Analyst Eyes $25 Target

    Jun 15, 2024 | 09:20 am

    Chainlink (LINK) is attracting significant attention from analysts and investors as it teeters on the edge of a potential breakout. Despite experiencing a recent dip, with LINK down nearly 6% in the last week, the token has showcased resilience with a 9% gain over the past 30 days, reflecting a complex interplay of market dynamics. […]

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  • How did we lose control of our currencies?

    Jun 15, 2024 | 07:34 am

    The following is a guest post by Phillip Alexeev, Chief Growth Officer at CrossFi. Over the centuries, the evolution of currency has defined the human experience. From primitive bartering systems to establishing standardized coins and paper money, currencies have been critical in organizing and advancing societies. However, recent decades have seen many areas of the […] The post How did we lose control of our currencies? appeared first on CryptoSlate.

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  • Reserve Bank of India plans ‘intelligence platform’ to curb digital payments fraud

    Jun 15, 2024 | 02:00 am

    As more transactions are done online, the risk of fraudulent activities increases, forcing the Reserve Bank of India to set up a platform powered by emerging technologies to counter these illegal activities. [...] Read More... The post Reserve Bank of India plans ‘intelligence platform’ to curb digital payments fraud appeared first on CoinGeek.

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  • CryptoHeap Adds More Workforce in 24/7 Support to Meet Demand for Exclusive Crypto Staking

    Jun 15, 2024 | 01:00 am

    In response to the increasing demand for its exclusive crypto staking packages, CryptoHeap is pleased to announce the expansion of its 24/7 support services. This enhancement is aimed at providing users with continuous assistance and ensuring a seamless staking experience, solidifying CryptoHeap’s position as one of the best crypto staking platforms in the industry. Salvage Warwick, […] The post CryptoHeap Adds More Workforce in 24/7 Support to Meet Demand for Exclusive Crypto Staking appeared first on CoinChapter.

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  • ValueZone 2024 Review – Unveiling AI-Assisted Trading Capabilities for Enhanced Crypto Opportunities

    Jun 15, 2024 | 01:00 am

    ValueZone, a trailblazer in the digital currency trading sector, proudly presents its 2024 platform review, showcasing a suite of enhanced AI-assisted trading tools designed to revolutionize cryptocurrency trading. As the market for digital assets continues to grow, ValueZone remains at the forefront, integrating advanced artificial intelligence technologies to facilitate smarter, faster, and more efficient crypto trading decisions. State-of-the-Art AI […] The post ValueZone 2024 Review – Unveiling AI-Assisted Trading Capabilities for Enhanced Crypto Opportunities appeared first on CoinChapter.

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  • OkayCoin Expands Services to South Korea in Response to Rising Crypto Staking Demand

    Jun 15, 2024 | 01:00 am

    As South Korea embraces cryptocurrency staking on exchanges, OkayCoin, a global leader in the staking industry, has announced the extension of its services to the South Korean market. Spearheaded by CEO William Miller, this strategic move is designed to support the increasing demand for cryptocurrency staking among South Korean investors, aligning with the country’s progressive adoption of […] The post OkayCoin Expands Services to South Korea in Response to Rising Crypto Staking Demand appeared first on CoinChapter.

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  • Cryptos to buy in June 2024: BlockDAG reaches $50M, SHIB and ADA compete, Dogwifhat price surges

    Jun 14, 2024 | 21:00 pm

    BlockDAG has solidified its leadership position in the cryptocurrency market by securing $50.2 million in its 18th batch presale, reflecting an astounding 1120% growth. This remarkable achievement underscores investor confidence in BlockDAG’s strategic vision and advanced technology.  While Shiba Inu and Dogwifhat experience ephemeral spikes in market cap and trading volume, BlockDAG’s robust technological framework …

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  • Binance Executive Has Some Charges Dropped by Nigerian Officials

    Jun 14, 2024 | 20:16 pm

    YEREVAN (CoinChapter.com) — Nigerian officials have dropped some of the charges against Binance executive Tigran Gambaryan. On June 14, a family spokesperson announced that the Federal Inland Revenue Service (FIRS) had dropped tax charges against Gambaryan and fellow Binance executive Nadeem Anjarwalla. However, the two still face money laundering charges from Nigeria’s Economic and Financial […] The post Binance Executive Has Some Charges Dropped by Nigerian Officials appeared first on CoinChapter.

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  • Binance Leaders Off the Hook in Nigeria Tax Evasion Case after Legal Shuffle

    Jun 14, 2024 | 06:39 am

    Today (Friday), Nigeria dropped tax evasion charges against two Binance executives following the appointment of a local representative by the crypto exchange to handle legal proceedings. Tigran Gambaryan, a US citizen and Head of Financial Crimes Compliance, and Nadeem Anjarwalla, a British-Kenyan Regional Manager for Africa, had both denied the charges.Binance Awaits Court DecisionBinance clarified that Gambaryan's role did not involve decision-making for the company, suggesting his detention was unnecessary for resolving issues with the Nigerian government. A spokesperson for Binance expressed anticipation for the court's decision to fully dismiss Gambaryan from the case.Gambaryan had been in custody since February, while Anjarwalla departed Nigeria in March. Nigeria's Federal Inland Revenue Service subsequently removed both executives as defendants in the tax evasion matter. However, Binance and the executives still face separate allegations of money laundering, which the company contends should also be dismissed. Both Gambaryan and Anjarwalla have denied these accusations.Nigeria drops tax charges against Binance executives https://t.co/f3FV3TQIbs pic.twitter.com/tKY8lylodY— Reuters (@Reuters) June 14, 2024Nigeria previously attributed its currency challenges partly to Binance, as cryptocurrency platforms gained prominence for trading the Nigerian naira amid prolonged dollar scarcities and a historic depreciation of the national currency.200 Million Users and $100 Billion in AssetsBinance has achieved a significant milestone with 200 million users, marking a notable achievement alongside holding $100 billion in user assets under custody this year, as Finance Magnates reported. This user base constitutes approximately 36% of the global cryptocurrency user population, illustrating Binance's rapid growth. In 2023 alone, the exchange added 40 million users, followed by another 30 million in the first half of 2024.Celebrating this milestone on social media, Binance highlighted it as a stride towards their ambitious goal of reaching one billion users globally. The company attributed its success to user support and expressed gratitude towards its community.Looking ahead, Binance projects reaching 300 million users by 2026, buoyed by ongoing industry trends and global cryptocurrency adoption. Despite legal challenges involving its founder, Changpeng "CZ" Zhao, Binance remains resilient, maintaining its stature as the world's leading cryptocurrency exchange. This article was written by Tareq Sikder at www.financemagnates.com.

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  • "Unlocking the Internet of Value:" RippleX's SVP Markus Infanger on Transforming Finance

    Jun 14, 2024 | 04:25 am

    Blockchain technology is poised to reshape the financial world, and Ripple is at the forefront of this transformation, with its XRP Ledger pushing the boundaries of what’s possible. Amid the vibrant energy of the XRP Ledger Apex 2024, an exclusive interview with Markus Infanger, VP of Product at Ripple, shed light on the company’s pioneering approach to blockchain in the financial sector. Speaking with Markus we delved into how the company is crafting a compelling narrative that positions XRP Ledger at the center of the financial revolution.“We want to use blockchain technology to solve friction and problems in the financial market today,” stated Markus Infanger, VP of Product at Ripple, during our exclusive interview at XRP Ledger Apex 2024. As the conference buzzed with innovative ideas and blockchain enthusiasts, Infanger’s insights stood out, reflecting Ripple's commitment to revolutionizing the financial landscape through pragmatic and sustainable applications of blockchain technology.In an era where the crypto space is often marred by hype and speculation, Ripple’s focus on tangible solutions to real-world problems marks a refreshing and strategic approach. Infanger elaborated, “Our insertion point has really been with payments. Payments take days to settle; they cost an average of 6% today. There’s a very obvious value proposition for this technology.” Ripple's strategy is not just about introducing blockchain for the sake of novelty, but about leveraging its strengths to address persistent inefficiencies in traditional finance.Solving Real-World Problems with BlockchainMarkus was clear about Ripple's mission from the outset: “We want to use blockchain technology to solve friction and problems in the financial market today. That has been true since day one.” This vision isn't just theoretical. Ripple has been making substantial strides in real-world applications, particularly in payments, an area fraught with inefficiencies. “Payments today take days to settle and cost around 6%. That’s come down from 9% a few years ago, but it's still significant,” Markus noted, underscoring the clear value proposition Ripple offers.Ripple’s success is evident in its daily operations. Processing billions of dollars in real-world payments with regulated financial institutions, Ripple showcases the practical advantages of blockchain technology. Markus emphasized, “The XRP Ledger processes transactions in 3 to 5 seconds at a fraction of a cent, and it’s been doing that for 12 years without major security issues.” This level of efficiency and reliability is a testament to Ripple’s robust infrastructure.Expanding Beyond PaymentsBeyond payments, Ripple is expanding its horizons by introducing more financial primitives to the XRP Ledger. Recently, they launched an automated market maker integrated with the native decentralized exchange. “We’re working on expanding these financial primitives. A lending protocol is next, which will unlock significant potential. It’s more secure and aggregates liquidity on the core protocol,” Markus explained. This move towards enhancing the protocol itself rather than relying solely on smart contracts, as seen with Ethereum, highlights Ripple’s commitment to security and efficiency.Supporting a diverse developer community is another pillar of Ripple’s strategy. Markus shared that developers are building various features and applications on the XRP Ledger, leveraging its robust capabilities. This inclusive approach fosters innovation and ensures that the ecosystem continues to thrive with a wide range of projects. Compliance and Regulation: A Strategic ApproachCompliance and regulation are often seen as barriers in the crypto world, but Ripple has a different perspective. “We have always been and will continue to be a compliance-first mindset company. We believe in blockchain technology being transformational rather than disruptive,” Markus stated. This approach ensures that Ripple works within the existing financial systems, aiming to enhance rather than overthrow them. By doing so, Ripple builds something sustainable that can integrate smoothly into current frameworks while gradually increasing efficiency.Happening now: Graham Rodford (@ArchaxEx) speaks on his experience with bringing financial institutions onchain and the importance of RWA tokenization on the #XRPL ⛓️#XRPLApex 2024 pic.twitter.com/80dcpjPF3P— XRP Ledger Apex (@xrplapex) June 13, 2024Usability remains a significant challenge for blockchain adoption. Markus drew parallels to the early days of the internet, where getting online was a cumbersome process. “It’s still kind of clunky. Users shouldn’t have to understand blockchain technology to benefit from it,” he remarked. Simplifying user experience is crucial for wider adoption, and Ripple is actively working on making its technology more accessible.On the Internet of Value, Interoperability, and the Future of Blockchain NetworksInteroperability between different blockchains is another critical aspect. Markus pointed out that having thousands of blockchain networks operating independently would replicate the fragmentation seen in traditional financial systems. “We believe the future will be multi-chain. The XRP Ledger won’t be the only chain; it needs to work seamlessly with others,” he said. This vision of interconnected networks is essential for creating a cohesive financial ecosystem.Looking ahead, Ripple envisions the XRP Ledger continuing to lead in real-world financial transactions. Markus articulated, “We have this vision of the Internet of Value, where money moves as seamlessly as information does today on the internet. The XRP Ledger, with its efficiency and security, will be a central hub for liquidity around financial transactions.” This ambition reflects Ripple’s commitment to not only expanding its use cases but also playing a pivotal role in the broader financial landscape.Despite the progress, challenges remain. Regulatory uncertainty is a significant hurdle, as highlighted by a survey Ripple conducted with the Faster Payments Council in the US. “90% of respondents said regulatory issues are the biggest showstopper for using more crypto in payments,” Markus revealed. Positive developments are happening, but the regulatory environment continues to be a critical factor in the crypto space.A Pragmatic Approach to Blockchain InnovationRipple’s pragmatic approach, combining innovation with compliance, positions it uniquely in the blockchain industry. The company’s focus on real-world applications, developer support, and regulatory collaboration sets it apart as a leader in driving the financial sector’s evolution.In conclusion, Ripple’s journey is a testament to the transformative potential of blockchain technology. Through the XRP Ledger, Ripple is not just envisioning a future where financial transactions are more efficient and inclusive; it is actively building it. As Markus aptly summarized, “We believe the XRP Ledger will be[…]

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  • Ripple Cites Terraform Labs' Settlement to Lower Penalty Against It to $10 Million

    Jun 13, 2024 | 22:30 pm

    Ripple Labs is leveraging the recent settlement of the Securities and Exchange Commission (SEC) with Terraform Labs to lower the proposed nearly $2 billion penalty against it to $10 million, a “notice of supplemental authority” posted yesterday (Thursday) revealed.A Push to Lower the Settlement AmountThe blockchain company has argued that the hefty $2 billion penalty proposed by the regulator for offering the XRP token to institutions is unreasonable and should be closer to $10 million.“The civil penalty sought by the SEC in Terraform demonstrates the unreasonableness of the civil penalty sought by the SEC in this (Ripple’s) case,” the lawyers of the blockchain company said. “As Ripple’s opposition explained, in comparable (and even more egregious) cases, the SEC has agreed to civil penalties ranging from 0.6% to 1.8% of the defendant’s gross revenues. Terraform fits that pattern.”Ripple also cited that the allegations against it are different from those against Terraform Labs, which faced charges of civil fraud. Ripple, on the other hand, has only been charged with distributing unregistered securities.“Here, by contrast, the SEC seeks a civil penalty far exceeding that range, even though there are no allegations of fraud in this case and Institutional Buyers did not suffer substantial losses,” Ripple’s lawyers added. “Terraform thus confirms that the Court should reject the SEC’s disproportionate and unprecedented request and that an appropriate civil penalty would be no more than $10 million.”🚨BREAKING: @Ripple files Notice of Supplemental Authority regarding TerraForm Labs Consent Judgment! The SEC v. RIPPLE case could end ANYTIME! #XRP pic.twitter.com/4n5RF5SiHY— JackTheRippler ©️ (@RippleXrpie) June 13, 2024A Long-Running Court BattleRipple has been fighting a long legal battle with the American regulator. The SEC first moved against the blockchain company in December 2020, alleging the illegal sale of XRP tokens to both retail and institutional investors, raising more than $1.3 billion. According to the regulator, XRP is unregistered securities.The initial regulatory lawsuit named Ripple’s CEO, Brad Garlinghouse, and the Co-Founder, Chris Larsen, but charges against them were dropped last October. Last July, the New York federal court ruled that the sale of XRP on exchanges and through algorithms did not violate any American securities law; however, sales to institutions did.Last March, the SEC proposed $1.95 billion in recovery and civil penalties from the blockchain company, which it heavily opposed.Meanwhile, on Thursday, a US court approved the settlement between the SEC and Terraform Labs and its former CEO, Do Kwon, for a hefty sum of more than $4.47 billion, which combines recovery and penalty. Kwon, whose extradition fate from Montenegro hangs in the balance, will have to pay over $204 million himself. This article was written by Arnab Shome at www.financemagnates.com.

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  • DXtrade Teams Up with Sage Capital to Boost Crypto Liquidity for Brokers

    Jun 13, 2024 | 06:22 am

    DXtrade has partnered with Sage Capital Management to offer brokers crypto liquidity. This collaboration aims to provide brokers and their clients with better trading conditions and efficient settlements. This partnership seeks to offer brokers services that enhance their trading operations.Enhanced Crypto Liquidity Sage Capital Management provides institutional-grade crypto spot and perpetual liquidity, focusing on prioritized execution and competitive pricing. Under this agreement, all transactions will be centrally managed, offering pre-agreed margins across all digital assets. This includes both exchange trades and spot transactions, simplifying the trading process and enhancing efficiency.Jon Light, the Head of OTC Platform at Devexperts, mentioned: "This is a great win for our clients. We have been working at elevating our crypto liquidity offering and wanted to secure a partnership with solid and standout services that could help us do this consistently."The DXtrade platform, developed by Devexperts, features tools such as trading journals, performance dashboards, responsive charting, and a user-friendly interface. Additionally, DXtrade offers mobile trading apps for both Android and iOS, allowing traders to manage their investments with flexibility.Last month, FXCubic integrated DXtrade to enhance its services. The trading connectivity solution provider seeks to enhance broker services by combining its liquidity provision services with DXtrade. With this partnership, FXCubic promised users trading efficiency, streamlined operations, and enhanced risk management capabilities.DXtrade Expands Services with Key PartnershipsDXtrade also partnered with TradingView early this year to improve services for broker partners and traders. This collaboration allows brokers utilizing DXtrade to directly access a community of traders and TradingView charting features.Beyond that, Devexperts integrated BizCuits, a vendor providing trading and risk management tools, IT, customer service, payments processing, and marketing solutions for the forex and CFD industry, to DXTrade. The combined solution enables the two platforms to support prop trading firms and CFD brokers.Devexperts licenses DXtrade to brokers and prop trading firms. The partnership between the trading platform and BizCuits came when the demand for trading platforms among prop trading was on the rise. This article was written by Jared Kirui at www.financemagnates.com.

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  • "They're Still Sitting on the Same Old Rails": Ripple's Jazzi Cooper

    Jun 13, 2024 | 00:38 am

    On the ground for XRP Ledger Apex 2024, we caught up with Jazzi Cooper, Lead Product Manager at Ripple X and a major driving force behind its ambitious mission. In an exclusive interview, Jazzi shared insights into Ripple X's role in reshaping the financial landscape and paving the way for a future powered by blockchain technology.Why Traditional Finance Needs a Disruption"Traditional finance rails today, as we know, are insufficient. Payments take multiple days if not weeks (...) and settlement is slow," Jazzi remarked, setting the stage for a discussion on the urgent need for disruptive solutions in the financial sector.The bold promise of blockchain technology lies in its potential to revolutionize financial systems, a vision embodied by Ripple X and its dedication to the XRP Ledger. As traditional financial infrastructures strain under the weight of inefficiencies, Ripple X champions a future where transactions are swift, transparent, and decentralized. This ambition is not merely a theoretical exercise but a concerted effort to redefine how value is transferred and recorded.One of the main drivers for this charge is Jasmine Cooper, affectionately known as Jazzi, who heads the Institutional DeFi Products group. Her team’s mission is to cultivate a suite of products that capitalize on the unique strengths of the XRP Ledger, thus offering a robust alternative to the entrenched financial systems that dominate today's markets.On Redefining Value Transfer"The XRP Ledger is purpose-built for value transfer. We think it's a very ideal blockchain environment for the issuance, the movement, the trading of tokens," Jasmine emphasizes, underscoring the platform's suitability for disrupting traditional finance.Central to Ripple X's strategy are three key product verticals: tokenization, financial protocols, and infrastructure. Tokenization involves the creation of digital tokens that represent real-world assets, offering a new avenue for asset management and investment. Financial protocols cover on-chain trading and lending, leveraging blockchain’s transparency and efficiency. The infrastructure vertical focuses on building the essential components, such as oracles and cross-chain bridges, which support the seamless operation of these systems.The CEO of #Ripple, Brad Garlinghouse, has revealed the name of their new stablecoin at the #XRPLApex 2024 event. The stablecoin will be called "Real USD" and is represented by the ticker symbol $RLUSD. pic.twitter.com/RdKDsoJw3z— Collin Brown (@CollinBrownXRP) June 12, 2024Out with the Old?"Most of fintech today, all of your neobanks, all of your digital wealth advisors, these have moved a little bit forward by offering nice UIs... But they're still sitting on the same old rails.”As a stark contrast, one of the most exciting developments at Ripple X is the introduction of multipurpose tokens, a new standard designed for the tokenization of real-world assets. "We've introduced a new token standard called multipurpose tokens that's purpose-built for tokenization of real-world assets," explains Jasmine, shedding light on Ripple X's commitment to innovation.This innovation allows metadata to be directly attached to the blockchain asset, ensuring a higher degree of reliability and utility. Such advancements pave the way for more sophisticated use cases, such as bond and equity tokenization, and open up new possibilities for asset management and investment.Accessible Blockchain for All: User-Centric Design & Financial InclusionShifting gears, Jasmine’s perspective on the interplay between technology and society underscores a fundamental truth: technology must align with user needs and expectations to achieve widespread adoption. “We ultimately have to meet people where they are in terms of their tolerance for usability, for risk, for trust, user experience that they demand across the board," Jazzi added.This principle guides Ripple X’s development efforts. Instead of imposing complex, crypto-native solutions that might alienate everyday users, Ripple X aims to meet users where they are, providing intuitive and accessible products that leverage blockchain’s advantages without overwhelming complexity, thus emphasizing the importance of user-centric design.Financial inclusion is another cornerstone of Ripple X’s vision. By democratizing access to financial services, blockchain technology can empower individuals in regions where traditional banking infrastructure is inadequate or nonexistent. Decentralized lending protocols, for example, can offer capital to those who lack access to conventional financial institutions, thus fostering economic opportunities and growth in underserved communities.Looking ahead, Ripple X is poised to make significant strides in the realm of real-world asset tokenization. Upcoming announcements and projects promise to further integrate blockchain technology into various sectors, enhancing the liquidity and utility of digital assets. Additionally, the EVM side chain initiative aims to bridge Ethereum’s extensive developer community with Ripple’s robust infrastructure, creating synergies that could drive further innovation and adoption.Wrapping upIn the face of skepticism and the noise surrounding cryptocurrencies, Ripple X’s commitment to practical, impactful solutions stands out. By focusing on real-world problems and developing technology that enhances user experiences, Ripple X is not only pushing the boundaries of what blockchain can achieve but also ensuring that these advancements are accessible and beneficial to a broad audience. The future of finance, as envisioned by Ripple X, is one where blockchain technology seamlessly integrates into our daily lives, enhancing efficiency, transparency, and inclusion in ways that traditional systems have long struggled to deliver. This article was written by Pedro Ferreira at www.financemagnates.com.

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  • SEC Settles with Terraform Labs and Do Kwon for $4.5 Billion

    Jun 12, 2024 | 22:14 pm

    Terraform Labs and its former CEO, Do Kwon, have agreed to pay about $4.5 billion in recovery and civil penalties to the Securities and Exchange Commission (SEC), thus striking a settlement agreement with the US regulator, according to a court filing yesterday (Wednesday).Furthermore, Kwon and Terraform Labs would be permanently banned from buying and selling crypto asset securities, including the tokens in the Terra ecosystem.Another Major SettlementHowever, the settlement deal has yet to be approved by US District Court Judge Jed Rakoff of the Southern District of New York (SDNY), who is overseeing the case. The lawyers of the SEC have already filed a letter with the judge for approval.“If approved, the proposed judgment will send an unmistakable deterrent message to not only those who engage in brazen misconduct but also to all those who seek to evade the requirements of the federal securities laws by crafting new standards of behavior for crypto assets that fall under the purview of the federal securities laws,” the regulatory lawyers wrote.Out of the total agreed settlement amount of $4,473,828,306, Kwon personally will have to pay at least $204,320,196.Initially, the US regulator was seeking $5.3 billion in settlement. However, the legal representatives of the defendants countered that with only $1 million in civil penalties and no recovery or injunction.Kwon’s Fate Hangs in a BalanceKwon was known for building Terraform Labs. However, the project's two cryptocurrencies, TerraUSD and Luna, collapsed in 2022, wiping out about $37 billion in value. The collapse of the algorithmic stablecoin triggered the shuttering and collapse of several other cryptocurrency companies.After his company collapsed, he disappeared immediately from public sight but was arrested in Montenegro last year while traveling with fake travel documents. Both South Korea and the United States have been trying to extradite him. Meanwhile, he was released from the Montenegro prison on bail due to some technical issues in the extradition ruling against him.The SEC formally charged Kwon and his company with fraud in April of last year. The trial against Kwon in the US proceeded in his absence. This article was written by Arnab Shome at www.financemagnates.com.

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  • MoonPay Brings PayPal on Board for EU and UK Crypto Purchases

    Jun 12, 2024 | 08:59 am

    MoonPay has announced the expansion of PayPal as a payment option to users in the European Union and the United Kingdom, following a successful launch in the United States last month. Now, MoonPay users in 24 EU member states and the UK can buy cryptocurrency using their PayPal accounts. PayPal Integration Draws Mature User BaseThe recent US launch, which has reached all users, showed strong demand for PayPal, becoming the third most popular payment method, overtaking Google Pay, and ranking just behind cards and Apple Pay. Nearly 90% of users who connect to PayPal complete a transaction, and new customers using PayPal as their first payment method convert at a rate 1.3 times higher than those using cards. The integration also attracts a more mature user base, with an average age of 35.This integration simplifies transactions for MoonPay users with existing PayPal accounts, allowing them to fund their cryptocurrency purchases using their PayPal Balance, direct bank withdrawal, or debit card without entering details manually. “The success of our PayPal partnership speaks volumes about the value we’re creating together,” said Ivan Soto-Wright, MoonPay’s Co-Founder and CEO. “Expanding our collaboration to new markets is an incredibly exciting milestone for us. This move will enable us to provide a frictionless experience and lower the barriers to entry to include new users around the world, bringing convenience and trust to our growing customer base.”🔥JUST IN: Buying crypto with PayPal is going global.🌍#MoonPay users in 24 EU member states and the UK can now buy 100+ cryptocurrencies using their PayPal account. 💸🔐 pic.twitter.com/QeumBadjeu— The Crypto Times (@CryptoTimes_io) June 12, 2024MoonPay is rapidly expanding the PayPal integration to its partners, now live with Uniswap, Phantom, BitPay, Changelly, xPortal, Zengo, SafePal, and LOBSTR. Currently, PayPal is available to 1% of MoonPay customers in the UK and EU, excluding Croatia, Hungary, and Iceland, with a broader rollout planned over the next few weeks.PayPal's Cryptocurrency Holdings Exceed $1 BillionEarlier, Finance Magnates reported that PayPal holds over $1 billion in crypto assets belonging to its customers, highlighting its significant role in the digital currency space. It is vital to note that these assets are customer-owned. This move aligns with consumer expectations for flexible money management, with PayPal facilitating direct buying, holding, and selling of cryptocurrencies. By expanding access to this previously specialized market, PayPal displays adaptability, guaranteeing continued relevance and competitiveness in the fintech sector. This article was written by Tareq Sikder at www.financemagnates.com.

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  • Ripple Finalizes Acquisition of Standard Custody, Appoints CEO as SVP for Stablecoins

    Jun 11, 2024 | 08:42 am

    Blockchain technology firm Ripple has completed the acquisition of the New York-based Standard Custody and Trust Company and appointed the firm's CEO as Senior Vice President of Stablecoins. This acquisition has reportedly received all the necessary regulatory approvals, marking a milestone in the efforts to strengthen Ripple's enterprise infrastructure.Entry into Stablecoin MarketAccording to Ripple, this acquisition includes a limited-purpose trust company regulated by the New York Department of Financial Services. It adds to Ripple's portfolio of nearly 40 US money transmitter licenses, a Major Payment Institution License from Singapore, and a Virtual Asset Service Provider registration with the Central Bank of Ireland. Following the acquisition, Ripple announced plans to launch a USD-backed stablecoin to bridge the gap between blockchain and traditional finance. Due to their stability and utility, stablecoins are in demand, and Ripple has the opportunity to leverage its experience in building financial solutions for global institutions. The stablecoin, set to be issued on the XRP Ledger, aims to enhance liquidity on XRPL's native decentralized exchange and support various financial use cases for developers, users, and businesses. To lead its stablecoin initiatives, Ripple has appointed Jack McDonald as Senior Vice President of Stablecoins. McDonald, who will also continue his role as CEO of Standard Custody, brings over three decades of experience in investment banking, asset management, and fintech.Institutional AdoptionThe acquisition of Standard Custody followed Ripple's purchase of Metaco in May 2023, further expanding its digital asset custody solutions. Speaking about the planned acquisition early this year, Jack McDonald, the CEO of Standard Custody, underscored the company's commitment to providing financial institutions with the platform to safeguard their digital assets. McDonald expressed optimism about collaborating with Ripple, citing the blockchain firm's crypto expertise, relationships with financial institutions, and product offerings in payments and custody solutions.In April, the trial between Ripple and the SEC over allegations of illegal cryptocurrency sales resumed. In the legal battle, the regulator accused Ripple Labs of offering unregistered securities in December 2020. Ripple's defense is based on the argument that its native cryptocurrency, XRP, should not be classified as a security. This article was written by Jared Kirui at www.financemagnates.com.

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  • Understanding the Success of the Spot Bitcoin ETFs: What Makes Them Unique?

    Jun 11, 2024 | 06:40 am

    The launch of the spot Bitcoin ETFs has been more successful than almost any dared to imagine. The positive performance of these products, as measured by both inflows and share price, warrants some consideration.This article will explore the magnitude and speed of Bitcoin ETF success, the regulatory hurdles these funds faced before approval, and take an in-depth look at how some of the most popular securities are structured.Bitcoin ETFs: The Most Successful ETF Launch in HistoryWithin a single day of being listed, the Bitcoin ETFs saw over $4 billion in inflows, shattering records held by any ETFs that debuted prior. As the weeks and months went on, many of the individual funds continued to break records.Over the last 30 years, 5,535 ETFs have launched, with all of them seeing less impressive numbers than the ETFs offered by companies like Blackrock and Fidelity. Within one month of trading, Fidelity’s FBTC had gathered almost $3.5 billion in AUM, while BlackRock’s IBIT had attracted over $4 billion. By comparison, the first gold ETF accumulated $1.2 billion in its first month. The ETF that held the previous record for fastest inflows was BlackRock’s Climate Conscious Fund, launched in August 2023, having collected $2.2 billion in its first month.BlackRock’s #Bitcoin ETF holds more than 300,000 $BTC pic.twitter.com/wcm47bvron— Quinten | 048.eth (@QuintenFrancois) June 10, 2024Challenges Prior to ApprovalWhile first approval didn’t happen until January 10, 2024, the Bitcoin ETFs had been in the works for over a decade.In July 2013, Cameron and Tyler Winklevoss, founders of the crypto exchange known as Gemini, filed the first application for a spot Bitcoin ETF. This was the same year that Grayscale Investments launched its Bitcoin Investment Trust, which would later be listed as a public security under the ticker “GBTC” in 2020. GBTC was the first publicly traded Bitcoin fund available in the US.Between the years of 2013 and 2018, the Winklevoss twins were rejected multiple times by the Securities and Exchange Commission (SEC) for various ETF applications. Each time, the SEC claimed there were not sufficient regulatory controls in place for the crypto markets to safely launch such a product.In 2021, the first Canadian spot Bitcoin ETF was launched. This was also the same year that current SEC chair Gary Gensler took his position.In October 2021, the first Bitcoin futures ETF was launched. ProShares Bitcoin Trust was listed on the Chicago Mercantile Exchange (CME), with SEC approval being based on the idea that the CME has adequate market surveillance measures in place to prevent manipulation. Grayscale also submitted a second application to the SEC to convert GBTC into a spot ETF at this time.In 2022, the SEC rejected multiple applications for spot Bitcoin ETFs, including Grayscale’s, which resulted in Grayscale Investments filing a lawsuit against the regulatory agency.In 2023, BlackRock and ARK Investments both filed spot Bitcoin ETF applications with the SEC. Many other hopeful issuers like Invesco and Fidelity followed suit. This prompted speculation that an ETF would finally be approved, given Blackrock’s almost flawless record of receiving such approvals in the past.Finally, on January 10, 2024, the SEC approved 11 applications for spot Bitcoin ETFs.How, in 7 Weeks, Bitcoin ETFs Reached Inflows That Took Gold ETFs 3 YearsIn this episode, @EricBalchunas, senior ETF Analyst at @Bloomberg Intelligence, discussed the performance of #Bitcoin ETFs since their launch two months ago.Balchunas noted that the ETFs’ performance… pic.twitter.com/EUmvlQ4vol— Laura Shin (@laurashin) March 8, 2024The Making of a Novel ETP: How Spot Bitcoin ETFs Really WorkBecause Bitcoin is a new asset class, it can be argued that Bitcoin ETFs constitute a new type of exchange-traded product. While the average ETF provides exposure to a basket of securities, these ETFs are backed by spot Bitcoin, a commodity. For this reason, the closest analogy we have in finance would be gold ETFs. A gold ETF also provides a security that investors can buy to gain access to a single desirable commodity in their portfolios.Owning gold comes with some complications. Storing or moving it can be risky or expensive. Holding an ETF in a brokerage account can be preferable for some investors. Similarly, buying and holding Bitcoin can be cumbersome for less technical investors, leading them to opt for shares of an ETF instead.Spot ETFs enable the creation or redemption of fund shares in response to changing market conditions. This provides exposure to the price of Bitcoin without holding the asset. ETF issuers purchase Bitcoin that is then held in a secure wallet by a trusted custodian. Most, if not all, of the funds are held in what’s known as cold storage, meaning they are stored offline where hackers cannot access them. After that, the ETFs issue shares that correspond to those coins. The shares are priced in a way that reflects the current spot price of Bitcoin.At times, a spot ETF's price may differ from the underlying asset's current value. When this happens, the fund must re-balance its outstanding shares against the assets it holds. To achieve this, large blocks of shares can be created or redeemed by authorized participants, or APs, in order to align the share price of the fund with the value of the underlying asset. APs are usually big banks that take advantage of the arbitrage opportunity presented by the price of an ETF being greater or lower than the value of the underlying asset.YTD performance 👇 Commodity ETFs & Bitcoin ETFs$GLD $SLV $IAU $USO $UNG $SGOL $PPLT $DBC $DBA $BITB pic.twitter.com/0ydsJSDHGA— HODL15Capital 🇺🇸 (@HODL15Capital) June 9, 2024What the Future Might HoldWhile the future is always difficult to forecast, the trends for spot Bitcoin ETFs seem to be on an upward trajectory. Ric Edelman, founder of the Digital Assets Council of Financial Professionals, recently told CNBC that he believes $150 billion could flow into the ETFs over the next few years. Others have speculated that sovereign wealth funds or central banks could begin buying or mining Bitcoin, which would result in a significant increase in demand. The success of spot Bitcoin ETFs marks a historic achievement in financial[…]

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  • Crypto.com Gains VASP Approval from Central Bank of Ireland

    Jun 11, 2024 | 06:30 am

    Crypto.com has received approval from the Central Bank of Ireland to operate as a Virtual Asset Service Provider (VASP). This approval will allow Crypto.com to expand its services in Ireland. These services include crypto-to-fiat exchanges and fiat wallets.Expanding Services in IrelandThe VASP license indicates that Crypto.com meets the standards for compliance procedures. This includes measures for anti-money laundering and combating the financing of terrorism. These measures are important as cryptocurrencies are often used to bypass laws and sanctions.Crypto.com serves a global customer base of 100 million people. The company aims to enhance its offerings in Ireland with this new approval.Eric Anziani, President and COO of Crypto.com, commented: “This approval from the Central Bank of Ireland is the latest testament to our commitment to compliance and responsible innovation. We are excited to broaden our offering in Ireland, enabling consumers to engage with the most comprehensive crypto product offering.”#Crypto Exchange #Crypto.com Secures Spot on Ireland's Virtual Assets Service Provider Register - CoinDesk https://t.co/Dem9E3JL72— Stock Market News (@Stock_Market_Pr) June 11, 2024Surpassing 100 Million Users GloballyCrypto.com has surpassed 100 million users globally, achieving this milestone since its inception in 2016, as Finance Magnates reported. The cryptocurrency exchange attributes this success to recent marketing campaigns, including partnerships with notable personalities, venues, and events. Notable efforts include hosting NBA and NHL playoffs at the Crypto.com Arena and sponsoring the Formula 1 Crypto.com Miami Grand Prix. The company also launched the "INEVITABLE" film under the "Fortune Favors the Brave" campaign. CEO Kris Marszlek emphasized the importance of these campaigns in establishing the brand. In May, Crypto.com received a license from Dubai's Virtual Assets Regulatory Authority to offer institutional crypto trading. The exchange aims to expand its services for retail investors in Dubai and further solidify its global market position. This article was written by Tareq Sikder at www.financemagnates.com.

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  • Bitget Strikes Deals with Turkish Sports Icons for Campaign Expansion

    Jun 11, 2024 | 02:41 am

    Bitget, the cryptocurrency exchange and Web3 company, has announced the addition of Turkish athletes Buse Tosun Çavuşoğlu, Samet Gümüş, and İlkin Aydın to its MakeItCount campaign. The campaign, which originally featured Lionel Messi in 2022, seeks to broaden Bitget's objective of empowering its Turkish user base.Adding Turkish Athletes to the RosterThe partnership involves collaboration with Turkish National Athletes Buse Tosun Çavuşoğlu (Wrestling team), Samet Gümüş (Boxing team), and İlkin Aydın (Volleyball team) under the MakeItCount Campaign.Bitget's decision to partner with Turkish athletes comes amidst growth in Turkey's cryptocurrency market. Bitget itself has experienced substantial growth in signups, trading volume, and net deposit amounts from Q4 2023 to Q1 2024."At Bitget we thrive on perseverance and keep on going despite what obstacle may come our way. As the leading crypto platform we believe in the long term vision of financial freedom and have a strong positive passion in helping the ecosystem grow." "For us, wins and losses are both milestones and there's no progress is too small. Our partners reflect this belief," said Vugar Usi Zade, Chief Operating Officer, Bitget.Since 2021, Bitget has been forging partnerships with leading sports clubs and players globally. Previous partnerships include collaborations with prominent football clubs, esports entities, and legendary figures like Lionel Messi.Bitget Names New CEO Gracy Chen, a seasoned entrepreneur with over a decade of experience, has been appointed as the new CEO of Bitget, as reported by Finance Magnates. Chen's journey in the blockchain realm started in 2014 as a TV host, where encounters with experts like Tim Draper sparked her interest. Joining Bitget as Managing Director in June 2022, she led growth strategies and global expansions, resulting in significant user base growth. Now, as CEO, Chen aims to continue Bitget's success. Alongside her role, she remains a Forbes columnist and a judge on "Killer Whales," a reality crypto TV show. This article was written by Tareq Sikder at www.financemagnates.com.

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  • US Pension Fund's Interest in Bitcoin: FOMO or a Future-Proof Strategy?

    Jun 10, 2024 | 06:40 am

    The State of Wisconsin Investment Board recently announced the purchase of $99 million worth of IBIT shares, BlackRock’s spot Bitcoin ETF. This marks the first investment in Bitcoin ETF shares by a public pension fund.While this is the first time a state pension has bought shares of a Bitcoin ETF, it’s not the first bitcoin investment by a pension fund. In October 2021, the Houston Firefighters' Relief and Retirement Fund acquired an undisclosed amount of BTC through institutional bitcoin services provider NYDIG.That was before spot ETFs were available. Now that a safer, easier alternative exists to buying bitcoin outright, it’s expected that many more large pension funds will follow.The Wisconsin Pension Fund, known as one of the most financially sound pension funds of the US, bought $162,000,000 #Bitcoin And a lot more are coming This is one of the most exciting and yet ignored institutional $BTC buyers so far pic.twitter.com/af3UnW1NKI— Quinten | 048.eth (@QuintenFrancois) June 3, 2024Why Bitcoin? Understanding the Rationale Behind the DecisionThe idea behind adding bitcoin to a balance sheet is simple. As Michael Saylor puts it, holding a large cash balance is akin to sitting atop a “melting ice cube.” Inflation steadily erodes the value of cash, resulting in guaranteed losses for investors.Because they must balance the need for providing a guaranteed return to retirees with prudent risk management, the typical strategy of a pension fund would be to invest primarily in government bonds. Long-term and short-term Treasury bonds are considered to be the lowest-risk securities available, and they yield stable returns. Blue-chip stocks and investment-grade bonds are also viable options. For many years, these three asset classes were the only ones pension funds could expose themselves to by law.But after the GFC and years of near-zero interest rates that followed, pensions have had to be more creative to generate returns, and the associated rules have relaxed. To make matters worse, bond yields have gone up dramatically since 2022. This makes shorter duration T-bills attractive for their higher interest rates, but it also means the value of bonds has gone down, resulting in losses for anyone holding long-duration government debt.This situation, in essence, plays a large role in why pension funds have begun investing in bitcoin.Most bullish #Bitcoin setup of all time:- Bitcoin ETFs were the most successful ETF launch ever.- BlackRock quietly sprinkling Bitcoin into conservative bond funds.- Post-halving upward price impact has yet to kick in.- Wisconsin State Pension Fund allocating earlier than… pic.twitter.com/Y2KVb7SMGb— Stack Hodler (@stackhodler) June 3, 2024Future Prospects: What This Means for Other Pension FundsAs far as what the future holds, no one has a crystal ball, as the saying goes. However, we can look to what’s been happening with corporations as of late for clues to what might be in the works for pension funds.Michael Saylor’s MicroStrategy was the first public company to adopt bitcoin as a treasury asset. The corporation currently holds over 210,000 BTC, or about 1% of the total supply. The strategy has been a monumental success. Not only has the company seen its balance sheet balloon to the tune of billions of dollars, but the share price has also skyrocketed.As expected, other CEOs have taken notice. Many of them want to take a page out of Saylor’s playbook, and some have already begun to take action.How Microstrategy Prints #Bitcoin 👇 pic.twitter.com/lo9WnhLtSL— Simply Bitcoin (@SimplyBitcoinTV) May 28, 2024For example, two more companies have recently joined the list of those adopting a Bitcoin treasury strategy. Semler Scientific shares surged on 28 May 2024, as news of the company adding $40 million worth of bitcoin to its balance sheet broke. And on 9 April 2024, Japanese Web3 infrastructure provider Metaplanet saw its shares soar by 90% after announcing an acquisition of $6.5 million in BTC.It seems safe to assume that a similar thing might happen for pension funds. It’s important to note that there tends to be a significant time delay between the first movers and further adoption, though. MicroStrategy began its process of acquiring Bitcoin in 2020. Four years later, corporate adoption has begun to gather momentum.So, it may be a few years before we see other pension funds follow in the footsteps of the Wisconsin Investment Board. On the other hand, it’s also possible that such funds have been making preparations behind the scenes for many months. If so, a flurry of investments could be right around the corner.Looking Ahead: The Role of Bitcoin in Institutional Investment Strategies2024 appears to be the year that institutions of all kinds have begun accepting bitcoin and crypto as a legitimate asset class. The incentives have proven too large to ignore. Many in the space refer to this as game theory running its natural course: as the first movers see great success, others must follow, or they risk falling behind.Corporations and pension funds have been the first institutions outside of asset managers to profit from the ongoing Bitcoin boom. Many have speculated that even larger entities, like sovereign wealth funds, nation-states, and perhaps even central banks, could be next. This article was written by Brian Nibley at www.financemagnates.com.

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  • Decoding Crypto Investment: The Scientific Strategy for Venture Capitalists

    Jun 10, 2024 | 02:14 am

    The cryptocurrency market has been on a remarkable rise since the beginning of 2024, fueled by several factors such as the approval of a spot Bitcoin ETF by the SEC, Bitcoin halving that happened recently in April, the increased institutional interest and demand, and the innovation and adoption of various blockchain projects and platforms. The total market capitalization of all cryptocurrencies reached more than $2 trillion level for the first time since April 2022. Bitcoin, the largest and most dominant cryptocurrency, hit a new all-time high of $33,000, while Ethereum, the second-largest and most widely used cryptocurrency, also gathered significant trading volume.Optimizing Crypto VC Strategies with ScienceThe crypto market, marked by volatility and uncertainty, presents both challenges and opportunities for venture capitalists (VCs). VCs are crucial in providing capital, expertise, and credibility to crypto startups. However, successful investment demands a scientific approach, understanding of technology, market, regulations, and risk management for optimal returns.I brought this up after having a dinner meeting with a group of VCs and I realised how unrealistic their investment strategy is when it comes to crypto. They think that it is ok to invest in every project that comes to them. VC INVESTMENTS IN CRYPTO PROJECTS SURGE OVER 52% IN MARCHVenture capitalists ramped up their investments in crypto projects by more than 52% in March, reaching over $1.16 billion, the second-highest amount in the past 12 months. The majority of the capital flowed into… pic.twitter.com/jGJlPH6IBX— Mario Nawfal’s Roundtable (@RoundtableSpace) April 7, 2024Well, in this article, I will discuss what a scientific approach for VC in investing in crypto means, why it is important, and how it can be implemented. I will also provide some examples of successful crypto VCs who have adopted such an approach and achieved remarkable results.Structured Methods for Crypto VCA scientific approach for VC in investing in crypto is a method that applies the principles and practices of science to the process of identifying, evaluating, selecting, and supporting crypto investments. It involves the following steps:Research: This step requires thorough research into the crypto market, technology, trends, opportunities, and challenges. Gathering and analysing data from diverse sources like academic papers, industry reports, blogs, podcasts, social media, forums, and newsletters is crucial. Hypothesis: This stage entails crafting a concise hypothesis for the crypto investment, defining problem, solution, value proposition, target market, competitive advantage, business model, traction, team, and vision. It also involves outlining assumptions, risks, and expected outcomes, aiming to present a compelling case for investment returns.Experiment: This stage includes creating experiments to validate the hypothesis, setting criteria, metrics, and methods for evaluation. Feedback and data from stakeholders are collected and analysed to refine the hypothesis and assess project viability and scalability.Decision: This phase entails analyzing experiment results, comparing actual with expected outcomes to support or reject the hypothesis. Strengths, weaknesses, opportunities, and threats are identified, with recommendations for improvement. Decisions are made on investment continuation, support, or exit, with findings communicated to stakeholders.Why Is a Scientific Approach for VC Important?A scientific approach to VC investing in cryptocurrency is crucial for several reasons. Firstly, it mitigates bias and emotion, which often cloud judgment. Emotional biases like confirmation bias and fear of missing out can lead to irrational decisions. A scientific approach relies on evidence and data, reducing the impact of such biases. Secondly, it enhances accuracy and efficiency by providing a structured process for evaluating investments amidst vast information and uncertainty. Lastly, it fosters learning and innovation by allowing VCs to test assumptions, learn from failures, and refine strategies. Overall, adopting a scientific approach strengthens decision-making in the dynamic landscape of crypto investments.Examples of Successful Crypto VCsNumerous successful crypto VCs have embraced a scientific approach to investment, yielding impressive outcomes. Among them:Andreessen Horowitz (a16z): A leading VC globally, with a stellar portfolio including Airbnb, Slack, and Instacart. In May 2022, they launched a $4.5 billion fund for crypto and Web 3 companies. Notably, they're investing $100 million in EigenLayer. Chris Dixon, a GP at a16z, is a notable blockchain advocate. Their firm articulates clear investment theses on Web 3.0, decentralized finance, and next-gen internet, conducting experiments to validate these ideas. They share insights openly.Andreessen Horowitz Invested $90 Million in This Ethereum (ETH) Based Altcoin!Andreessen Horowitz (a16z), one of Silicon Valley's leading venture capital companies, follows cryptocurrencies closely.At this point, a16z invested a large amount in an Ethereum (ETH)-based… pic.twitter.com/BN8NB3nJWf— EchoeWeb (@Echoeweb) May 1, 2024Pantera Capital: Pioneers in crypto VC, investing in projects like Ton and Polkadot. Applying financial expertise, they analyze markets, publish reports, and forecast a $150,000 Bitcoin price this year, anticipating its DeFi liquidity surpassing Ethereum's. Their scientific approach underpins their success and bullish outlook.The bankrupt crypto exchange FTX completed the sale of $2.6 billion worth of discounted Solana tokens, with major buyers including Figure Markets and Pantera Capital. Read more: https://t.co/gJN5B1OKEI #yggalerts pic.twitter.com/ndFIv6oGNI— YGG Alerts (@yggalerts) May 27, 2024ConclusionThe dynamic crypto market presents vast opportunities and challenges for venture capitalists. Investing in crypto demands deep tech, market, and regulatory understanding. A scientific approach applies research, hypothesis formulation, and experimentation to optimize decision-making. Examples like Andreessen Horowitz and Pantera Capital showcase the success of this method, aiding in the discovery of transformative crypto projects. By reducing bias, enhancing accuracy, and fostering innovation, a scientific approach empowers VCs to navigate the complexities of crypto investment, maximizing returns and supporting groundbreaking solutions.This article is not a professional or financial advice, and you should do your own research before making any investment decisions. Also, please be aware that this is a creative and hypothetical exercise, and the data and information I used may not reflect the actual or future state of the crypto market. This is just my opinion based on what I know. Thank you for reading. This article was written by Anndy Lian at www.financemagnates.com.

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  • Binance Reaches 200 Million Users amid Crypto Market Surge

    Jun 10, 2024 | 00:15 am

    Binance, the world's leading digital asset exchange, has reached 200 million users. This milestone comes alongside another notable achievement this year: the platform now holds $100 billion in user assets under custody.Binance Achieves Milestone of 200 Million UsersThe 200 million user mark represents a substantial portion of the global cryptocurrency user base, with Binance users accounting for approximately 36% of the total. This rapid growth has been particularly evident in recent years, with the exchange adding 40 million users in 2023 alone and a further 30 million in the first half of 2024.Binance celebrated this milestone across its social media channels, framing the achievement as a step towards its ambitious goal of onboarding one billion users, or one in every eight people on Earth. The company expressed gratitude towards its users, acknowledging their support as the driving force behind its success.“Today, we celebrate 200 million – and it's all because of YOU! Your support is the heartbeat of our journey to 1 billion users. Here's to the stars of our story – you,” the company commented.Today, we celebrate 200 million – and it's all because of YOU!Your support is the heartbeat of our journey to 1 billion users.Here's to the stars of our story – you!#Binance200M #Binancian #Binance pic.twitter.com/3cWTEHxg7j— Binance (@binance) June 8, 2024The exchange's growth trajectory suggests it could reach 300 million users by 2026, assuming current trends in the company and the industry persist. This projection is bolstered by the increasing global adoption of cryptocurrencies, with the total number of cryptocurrency users worldwide reaching 562 million in 2024, up from 420 million in the previous year.Over $100 Billion in Assets under CustodyBinance's $100 billion in user assets under custody, reported earlier this year, equates to an average of approximately $500 per user. This figure underscores users' growing trust and confidence in the platform despite the legal challenges faced by its founder and former CEO, Changpeng "CZ" Zhao.CZ is currently serving a four-month sentence on fraud charges in a minimum-security facility in California. Reports suggest that he is remorseful for his actions and is cooperating with authorities. Despite these legal issues, Binance has emerged relatively unscathed, maintaining its position as the world's leading cryptocurrency exchange.Last week, Finance Magnates reported on two updates regarding Binance. The first discussed the reintroduction of Mastercard payments for crypto purchases. This step came after Mastercard paused this service in August 2023 due to legal challenges facing Binance in the US. In the second update, Binance sought to dismiss a large portion of a London lawsuit, valued at up to 10 billion pounds ($12.8 billion), over allegations of collusion to "delist" the Bitcoin Satoshi Vision (BSV) cryptocurrency. This article was written by Damian Chmiel at www.financemagnates.com.

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  • NYSE Parent’s Crypto Platform Bakkt Considers Potential Sale: Report

    Jun 9, 2024 | 23:57 pm

    Bakkt, a cryptocurrency platform backed by the New York Stock Exchange (NYSE) owner, is exploring a potential sale or even a breakup, Bloomberg reported, citing “people familiar with the matter.” However, Bakkt did not confirm or deny anything officially.A Major Decision Incoming?The report outlined that the Georgia-based company has been working with financial advisors and is considering a range of strategic options, which include a potential sale or a buyout. However, none of the decisions have been finalised yet, and the company could continue to operate independently.The alleged consideration of the potential sale came after the company closed the first quarter of 2024 with a loss of $21 million on revenue of $855 million. It generated $780.1 million in revenue in 2023 when it narrowed down its net loss by a significant 89 percent to $225.8 million.In 2024, the company is expected to generate total revenue between $3.29 billion and $5.11 billion.A Stressed CompanyBakkt, set up by Intercontinental Exchange, was launched in 2018 with the initial goal of facilitating Starbucks customers to purchase coffee with Bitcoin. The company gradually moved to offer cryptocurrency trading, primarily with derivatives, and is now focusing on crypto custodian services. It even launched a digital wallet in 2021 but discontinued the services last year.The company went public in November 2020 despite a slowdown after a broad audience, including the mainstream financial services sector, initially recognised cryptocurrencies. The company's share price dropped by 44 percent in the past year, while the year-to-date loss is 64 percent. Interestingly, the company's stocks gained 93.5 percent over the last month.Earlier this year, Bakkt signalled a stressed future for the company because it had insufficient cash for its operations. However, the situation was mitigated as the company eventually strengthened its cash reserve.Recently, Bakkt partnered with Crossover Markets to develop a cryptocurrency electronic communication network (ECN). Crossover will provide technology for Bakkt's upcoming crypto ECN, BakktX. This article was written by Arnab Shome at www.financemagnates.com.

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  • [Whitelist] ORBITAL7 Private Sale

    Jun 6, 2024 | 20:51 pm

    We’re thrilled to offer an exclusive opportunity to join the Orbital7 (Private Round) whitelist. By owning whitelist, you can purchase $ORBI tokens with the max allocation $1000 $ORBI Private Round Details: • Backer and Investors: Genesis Capital, Maven Capital, Gains Associates, VivaTech, Seedify, AWC Sentry Labs, Ordify, Fairum ventures, Coinvestor,… • Max allocation: $1000/each wallet ... Read more

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  • AutoLayer – KOL Round

    May 26, 2024 | 19:39 pm

    AutoLayer is a leading multi-chain protocol and a dynamic DeFi hub set to become a key interface in the EigenLayer ecosystem. Autolayer efficiently manages Liquid Restaked Tokens (LRT), Liquid Staked Tokens, AVSs, operators, and associated incentives. Additionally, it serves as the primary gateway to LRTfi, enabling users to craft strategies for maximizing the potential of ... Read more

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  • Bitcoin Events Announces Two Exciting Events in South Africa: ​ Crypto Fest 2024 and Blockchain Africa Conference 2024

    May 22, 2024 | 22:06 pm

    Cape Town, South Africa – April 23, 2024 Get ready for a double dose of excitement as Bitcoin Events proudly presents two premier events in South Africa: Crypto Fest 2024 and the Blockchain Africa Conference 2024. Crypto Fest 2024: A Thrilling Crypto Extravaganza Prepare to immerse yourself in the dynamic world of cryptocurrency at the ... Read more

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  • Incrypted Team Organizes Ukrainian Blockchain Week 2024

    May 20, 2024 | 20:23 pm

    Ukrainian Blockchain Week 2024, organized by Incrypted, will take place in Kyiv from June 17 to 23. These are several large-scale events, including a conference, meetups, and an online marathon. Ukrainian Blockchain Week 2024 will gather leaders and fans of Web3 technology, including major players such as Solana, Binance, NEAR, and Trust Wallet. Every event ... Read more

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  • Ultrade ($ULTR) – Private Sale

    May 18, 2024 | 20:31 pm

    Ultrade is unveiling cutting-edge Native Exchanges (NEX) technology, combined with Whitelabel SaaS infrastructure and a sustainably scalable B2B2C business model. Ultrade solves critical challenges faced by crypto traders and numerous tokenized projects across the market. Incubated by Decubate Link Industry Problem: Despite the booming cryptocurrency market, billions of dollars are lost annually by traders and ... Read more

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  • How to add Cosmos to MetaMask with snaps

    May 13, 2024 | 05:33 am

    MetaMask and Cosmos incompatibility explained. Discover wallet alternatives like Keplr and understand Cosmos' role in the digital asset ecosystem.

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  • Kontos – Private Sale

    May 11, 2024 | 20:32 pm

    Kontos is revolutionizing the traditional blockchain ecosystem and paving the way for the decentralized future What is Kontos? Kontos is a zero-knowledge-powered omnichain infrastructure powered Zecrey Labs (https://zecrey.com/). Kontos especially focus on the following abstractions: account, asset, chain and action abstractions. Its superior architecture enables users to enjoy numerous features, including gas-less transactions, asset-less operations, ... Read more

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  • How to Add BEVM to MetaMask

    May 6, 2024 | 22:47 pm

    MetaMask is a popular cryptocurrency wallet and browser extension that allows users to interact with decentralized applications (dApps) on the Ethereum blockchain. Adding the BEVM to MetaMask can open up a whole new world of possibilities for users, including access to a wider range of tokens and dApps. In this article, we will guide you ... Read more

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  • How to Add Mode Network to MetaMask

    May 2, 2024 | 04:48 am

    MetaMask is a popular cryptocurrency wallet and decentralized application browser extension. Adding the Mode Network to MetaMask allows users to easily access and interact with various decentralized finance applications and tokens. In this article, we will guide you through the steps to seamlessly integrate the Mode Network into your MetaMask wallet, unlocking a world of ... Read more

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  • What is Nibiru chain (NIBI)?

    Apr 19, 2024 | 08:33 am

    Nibiru Chain (NIBI) is a blockchain platform that aims to revolutionize the gaming industry by providing a decentralized ecosystem for gamers, developers, and content creators. By utilizing blockchain technology, Nibiru Chain offers transparency, security, and fair distribution of rewards to its users.  Let’s delve deeper into Nibiru Chain with this article What is Nibiru chain? ... Read more

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  • How to Add SatoshiVM to MetaMask

    Apr 18, 2024 | 22:26 pm

    Looking to expand your MetaMask capabilities and dive further into the world of decentralized finance? Adding SatoshiVM to your MetaMask account can open up new opportunities for utilizing decentralized applications and interacting with the blockchain. Learn how to integrate SatoshiVM into your MetaMask wallet with ease. Can I Add SatoshiVM to MetaMask? Certainly, connecting SatoshiVM ... Read more

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  • How to Add Degen Chain to MetaMask

    Apr 18, 2024 | 21:16 pm

    MetaMask is a popular cryptocurrency wallet and browser extension that allows users to securely store and manage their digital assets. One of the newest and most talked-about additions to MetaMask is Degen Chain, a decentralized finance (DeFi) platform that offers a range of innovative features and opportunities for users to earn passive income. In this ... Read more

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  • Coinbold Partners with Solak GPT to Shape the AI-Driven Future of Web 3

    Apr 17, 2024 | 20:27 pm

    [Hanoi/Vietnam] – April 18, 2024 – Coinbold, a crypto news website and investor in transformative blockchain technologies, today announced a strategic partnership with Solak GPT. This collaboration aims to accelerate the development of Web 3.0 through the integration of powerful AI tools within Solak’s groundbreaking decentralized ecosystem. Solak GPT stands at the forefront of innovation ... Read more

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  • Coinbold Announces Strategic Investment in Mars4 – MARS BATTLE

    Apr 13, 2024 | 02:33 am

    Coinbold, a leading investment firm in the cryptocurrency space, has announced its strategic investment in Mars4 – MARS BATTLE, a groundbreaking virtual reality gaming platform. Mars4 – MARS BATTLE, developed by the innovative team at Mars4, is an immersive gaming experience that allows players to explore the planet Mars through virtual reality technology. Players will ... Read more

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  • Dubai Web3 Investment Conclave (DWIC) 2024 Announces Inaugural Edition, Driving Innovation and Sustainability in the Blockchain Ecosystem

    Apr 8, 2024 | 01:12 am

    Dubai, UAE – 06th April 2024 – The Dubai Web3 Investment Conclave (DWIC), organized by Giakaa Capital with co-host Leo Ventures, is set to become the premier gathering for the global Web3 community. Taking place from April 15th to 21st, 2024, at the DIFC Innovation Hub, this transformative event will explore the frontiers of Web3 ... Read more

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  • What is Saga (SAGA)?

    Apr 4, 2024 | 00:46 am

    Saga is a protocol that provides blockchain development services for decentralized applications. Let’s dive right in and learn more in this article! What is Saga (SAGA)? Saga Protocol is a venture that offers blockchain construction services for applications. Essentially, Saga functions as a blockchain platform designed to introduce additional blockchains, known as “Chainlets,” within the ... Read more

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  • What is Ethena Labs (ENA)?

    Apr 2, 2024 | 00:49 am

    Ethena is a project developed to address the issues of existing stablecoins in the cryptocurrency market. What is Ethena (ENA)? Ethena is a cutting-edge decentralized finance (DeFi) protocol built on the Ethereum blockchain. It is designed to generate synthetic dollars, which are digital assets that maintain price parity with the US dollar (USDe). The ENA ... Read more

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  • How to add Metis to MetaMask: Metis Andromeda (Mainnet)

    Apr 1, 2024 | 09:24 am

    This is a detailed guide to adding the Metis network to a MetaMask Web3 wallet.

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  • What is Mystiko.Network?

    Mar 31, 2024 | 01:29 am

    Maintaining confidentiality has consistently been a major issue, particularly in the cryptocurrency sector where all transactions are recorded on the blockchain and available to the public. As a result, developers have made it a priority to create projects that enhance privacy for users, making it harder to trace their on-chain actions. One of the projects ... Read more

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  • The April Next Bitcoin Halving 2024: What’s Different and What to Expect for the Crypto Market

    Mar 30, 2024 | 03:20 am

    Get ready for the next Bitcoin (BTC) halving in April 2024; it could send shockwaves through the cryptocurrency market. Here’s everything you need to know about this important event, including what it means and how you might capitalize on potential shifts. What are Halvings?  Bitcoin halving is a programmed event where the reward for bitcoin ... Read more

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  • How to Add Core to MetaMask

    Mar 25, 2024 | 20:33 pm

    In this guide, we outline the safest and easiest way to add Core DAO to your MetaMask Wallet. Get started with the verified RPC and Chain ID to use the Bitcoin EVM chain.

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  • How to Add NEO to MetaMask

    Mar 25, 2024 | 08:02 am

    In this guide, we outline whether you can add the NEO Layer 1 blockchain to your MetaMask Wallet. Get started quickly with the verified Chain ID and RPC details.

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  • How to Add Shardeum to MetaMask

    Mar 25, 2024 | 01:51 am

    A safe and simple guide to adding Shardeum to your MetaMask Wallet to test the network and earn airdrop eligibility.

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  • Folks Finance

    Mar 22, 2024 | 04:53 am

    Introducing Folks Finance, a cutting-edge DeFi platform poised to redefine the landscape of DeFi. With a comprehensive suite of services including Lending, Borrowing, Swaps, Liquid Staking, and Leveraged Trading, Folks has seamlessly amassed an impressive $220 million in TVL, garnered a dedicated user base of 12,000 Monthly Active Users, and achieved a remarkable $300,000 in ... Read more

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  • Blockchain Expo North America Returns to Connect Blockchain, Crypto, NFT and Web3 Ecosystems

    Mar 10, 2024 | 23:58 pm

    Blockchain Expo North America returns for its 8th year, taking place on June 5-6 2024 at the Santa Clara Convention Center in California. The event and conference is tailor-made for the ambitious blockchain enthusiast who is looking to learn the latest advancements and innovations within blockchain, crypto, NFTs, web3 and more.  Building upon the success ... Read more

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  • Blockchain Life Forum 2024 in Dubai: find out how to make the most of the current Bull Run

    Mar 8, 2024 | 04:25 am

    The highly anticipated Blockchain Life Forum 2024 is set to take place in the vibrant city of Dubai on April 15-16. Welcoming industry professionals and crypto enthusiasts from around the world, this legendary event promises to be an unforgettable experience. This time the central topic of the forum will be making money on Bull Run, ... Read more

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  • Singapore Traders Fair and Blockchain Fest: A Day of Triumph and Innovation!

    Mar 8, 2024 | 04:14 am

    Singapore, March 5, 2024 – A day of triumph unfolded at Marina Bay Sands on March 2nd as two eagerly awaited events, the Singapore Traders Fair and the Blockchain Festival Asia 2024, jointly organised by global fintech event leader FINEXPO, concluded with resounding success. Welcoming a staggering total of over 2,500 attendees, this dynamic convergence ... Read more

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  • DePIN: Is it the Next Big Wave in Blockchain?

    Feb 29, 2024 | 21:51 pm

    DePIN, short for Decentralized Public Infrastructure Network, is a new blockchain platform designed to address the scalability, security, and privacy issues in decentralized applications (#Dapps ). #DePIN utilizes a unique architecture that combines sharding, sidechain, and #PoS consensus to achieve high performance, strong security, and seamless interoperability between dApps. Here are some of the key ... Read more

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  • Blockchain Life Week in Dubai: we have never seen this before

    Feb 27, 2024 | 22:22 pm

    The upcoming Blockchain Life 2024 Forum is set to be a game-changer for industry professionals and crypto enthusiasts from all over the world. With a lineup of renowned speakers confirmed, including the Founder of Tron, CEO of Tether, and CEO of Ledger along with many other leaders of the global crypto market. Gathering over 8000 ... Read more

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  • Elevating Europe’s Crypto Hub: Next Block Expo Returns to Poland

    Feb 26, 2024 | 22:19 pm

    Next Block Expo, the Blockchain Festival of Europe, is gearing up for its return to Warsaw, Poland, on May 15-16, 2024. The event will be part of crypto week during which Poland’s capital will become the epicenter of crypto innovation in Europe.  The organizers strive to present Poland’s burgeoning potential as the next big crypto ... Read more

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