Day: January 22, 2024

Dogecoin Price Will ‘Moon’ If This Happens: Crypto Analyst

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On Saturday, January 20, the Dogecoin price rose by more than 23% within 5 hours. As NewsBTC reported, the creation of the X Payments account was the cause of the sudden price increase, which reignited hopes within the community about the integration of DOGE. However, the speculative surge was short-lived, with only around 4% of the gains remaining at time of publication. When Will Dogecoin Price ‘Moon’? In a new analysis, Skew, a well-known figure in the crypto analysis sphere, has presented a nuanced perspective on the potential drivers for…

B. Riley and Nomura Entangled in SEC Probe’s Into Crypto Backer: Bloomberg

According to the report, Kahn has been a “longstanding client” of B. Riley, and the bank had helped him lead a “management buyout of Franchise Group, or FRG, a retail company based in Delaware, Ohio.” Additionally, Nomura, a major Japanese financial group, had “led a $600 million lending syndicate for B. Riley to help finance Kahn’s takeover,” the report said, citing loan documents. Source

BITO Volume Tanks 75% As Focus Shifts to Spot Bitcoin ETFs

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“The risk of being exposed or unhedged is very high, so BITO will provide decent cover, although it is not a perfect hedge as there is slippage and a decent cost to buy BITO,” Kssis added. “But many APs won’t have a choice (since they can’t buy bitcoin or are not allowed to touch them by their compliance dept) or even won’t have the infrastructure, i.e., custodian, or back office system to reconcile their positions.” Original

Ethereum dominates Bitcoin, Solana and NuggetRush poised for growth

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ethereum’s dominance over BTC has increased by 22.4%. Solana reclaims key support NuggetRush is carving out a unique niche in GameFi Ethereum has outperformed Bitcoin in terms of investor sentiment post-ETF approval. As a result, ETH’s dominance over BTC has increased by 22.4%. In the meantime, a few of the best altcoins have capitalized on the optimism around ETH. Solana (SOL) has reclaimed a key resistance level. Also, NuggetRush is closing…

10% Gain Sparks $350 Price Predictions

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In the volatile world of cryptocurrencies, Binance Coin (BNB) has emerged as a strong contender, decoupling from the market’s recent downturn. While other digital assets fell, BNB showcased resilience, demonstrating a price surge towards a critical level that could dictate its future trajectory in the days to come. At the time of writing, BNB was trading at $318, reflecting a solid 10% increase over the past seven days. With a market capitalization exceeding $47 billion, BNB’s performance overshadowed its counterparts, capturing the attention of both investors and analysts alike. Binance…

Ondo Points Program Launches | Blockchain News

The Ondo Foundation, a major player in the decentralized finance (DeFi) sphere, recently unveiled its innovative Ondo Points program alongside plans for unlocking ONDO tokens. These significant initiatives reflect Ondo’s commitment to democratizing finance and enhancing transparency in the global financial landscape. Ondo Points Program – A Community Engagement Booster Initiated on January 8, 2024, the Ondo Points program is tailored to amplify community engagement and heighten awareness of the Ondo Ecosystem’s offerings. This program, comprising three distinct campaigns, is a strategic move to incentivize active participation while nurturing a…

Virginia State Senate introduces crypto legislation

The Virginia State Senate has introduced legislation addressing the mining and transactions of digital assets, along with their tax treatment. Senate Bill No. 339 (SB 339), proposed by 34-year-old Senator Saddam Azlan Salim on Jan. 9, is currently under discussion in the Senate. If approved, it will proceed to the House of Delegates for consideration before potentially becoming law. Breaking News! Virginia introduces bill (SB339) to Protect Your Fundamental #Bitcoin Rights to self-custody, mine, and run a node! https://t.co/4fnZEg6zCF Introduced by Senator Saddam Salim this legislation will continue to help…