Day: February 17, 2024

Solana overtakes Ethereum in defi trading, Pullix can potentially topple both

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana outpaces Ethereum in defi, but Pullix presale hints at a new market leader in the industry’s future. Solana (SOL) has surged past Ethereum (ETH) in trading volumes as the defi space continues to gain traction. But this isn’t the end of the story, as Pullix (PLX) has the potential to overtake both when it completes the ongoing presale event and launches later this month. Let’s take a closer…

On-Chain Data Points To Declining Retail Participation

boss

The price of Bitcoin has continued to soar this week, with the premier cryptocurrency consolidating its place above the $50,000 mark. Interestingly, on-chain data shows that a particular class of investors had less to do about the recent rally, sparking conversations about their participation in the current bull cycle. Recent BTC Price Primarily Fueled By ‘Institutional Demand’ In a recent post on X, analyst Ali Martinez pointed out that there has been an apparent decline in the involvement of retail investors in the Bitcoin market. This shift comes despite the…

I Am Hip Hop TV Recognizes Top Web3 Marketing Agency as Unrivaled Media Distribution Expert

PRESS RELEASE. February 16, 2024 – I Am Hip Hop TV, a pioneering startup dedicated to revolutionizing digital media distribution, announces its strategic approach to enhancing brand visibility and driving engagement across major social media platforms. With a focus aon inciting meaningful user interaction that translates into increased awareness and sales conversions, the company has […] Source CryptoX Portal

Crypto VC funding up for the first time since nearly 2022, PitchBook says

The crypto venture funding market finished 2023 with a positive dynamic, as investors have seemingly started returning to crypto. The last quarter of 2023 saw $1.9 billion in venture capital (VC) funding for crypto-related companies, representing a 2.5% increase from Q3 2023, CNBC has learned, citing data provided by PitchBook. This figure marks the first uptick in VC investments in crypto startups since March 2022. Robert Le, a crypto analyst at PitchBook, highlighted a significant correlation between investments in private markets and the performance of public markets, adding that there…

Liquidity rushing back into risk assets, says QCP Capital

QCP Capital analysts expect increased liquidity in high-risk assets. According to a report dated Feb. 16, experts will remain optimistic as liquidity flows back into risk assets. At the same time, inflation, stable at more than 3%, remains a downside risk and will also mean increased market volatility. “For investors who are still bullish but are starting to be downside defensive at these levels, we provide an Upside Participation Structure (UPS) which gives 100% protection on the principal investment amount but uses the yield for a leveraged upside bet.” QCP…

Analyst predicts $18 target for XRP as Rebel Satoshi is set to grow after final presale round

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Analysts predict XRP could hit $18 as Rebel Satoshi wraps up its final presale round, signaling strong growth potential for both. A crypto analyst has expressed optimism for the future trajectory of XRP, predicting an $18 price for the coin. On the other hand, Rebel Satoshi (RBLZ) has entered the last stage of its presale, attracting investors with impressive price predictions. Read on as we discover the latest about…

Phishing Attack Swipes $5.1M Worth of BEAM

boss

According to the blockchain analytics platform Lookonchain, a crypto trader suffered a phishing attack that swooped over 180 million BEAM tokens on Wednesday and affected the token’s price. 180 Million BEAM Tokens Stolen In an X (former Twitter) post, Lookonchain exposed a new crypto scam that had occurred on February 15. As the analytics platform detailed, the address 0x83664B8a83b9845Ac7b177DF86d0F5BF3b7739AD, under the name ‘Kirilm.eth’, suffered a phishing attack that led to the theft of millions of BEAM tokens. kirilm.eth was phishing attacked and lost 180.25M $BEAM($5.14M) 13 hours ago. The scammer…

Justin Sun Unveils Tron-Based Bitcoin Layer Two Roadmap

boss

Tron is embarking on an ambitious journey to transform the Bitcoin ecosystem, as announced by its founder, Justin Sun. Through the integration of Bitcoin Layer two solutions, Tron seeks to decentralize and interconnect a variety of token types, including major stablecoins, with the Bitcoin network. Justin Sun’s Outlines Vision to Merge Tron and Bitcoin Networks […] Original

Coinbase, Circle push for US action against Tether, non-compliant firms

Coinbase and Circle executives have called on the U.S. authorities to intensify actions against Tether and offshore crypto firms that fail to comply with regulations. During a session with the House Financial Services Committee, Grant Rabenn, the head of Financial Crimes Legal at Coinbase, discussed the issue of criminals exploiting foreign platforms to bypass the strict anti-money laundering (AML) standards applied to regulated exchanges within the United States. Rabenn mentioned that the Office of Foreign Assets Control (OFAC) has only sanctioned 560 crypto addresses. However, Coinbase investigation found more than…