Day: February 22, 2024

The Polygon Vesting Contract Is Officially Empty, Will This Send MATIC Price To $3?

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Like many other crypto projects, the native token of the Polygon network, MATIC, was launched with some portion of the supply vested for the team over a period of time. In the case of Polygon, the vesting was for five years, and since 2019, there have been periodic token unlocks. However, the unlocks, which have often been a deterrent for investors, are now over, as the last batch was just released to the team. Polygon Last Unlock Goes To Team On Wednesday, February 21, the Polygon Foundation received the very…

Starknet’s STRK Jumps 10% as Starkware Changes Token Unlock Schedule After Criticism

“Under the new unlock plan, 580 million tokens held by early contributors and investors will be unlocked by the end of 2024, as opposed to 2 billion of those tokens under the previous schedule,” according to StarkWare. “1.4 billion additional tokens will be gradually unlocked by the end of 2025, another 1.5 billion will be unlocked by the end of 2026 and 380 million will be unlocked by March 15, 2027.” Source

Bitcoin Has Never Been This Bullish, What’s Next?

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While Bitcoin treads water around $50,000, with some predicting a slump, one analyst on X is swimming against the current, claiming the coin has “never been this bullish.” The coin is bullish despite cooling off from 2024 highs above $54,000. Analyst: Bitcoin Is Bullish, Here’s Why The analyst Mags argues that Bitcoin is, at spot rates, defying historical patterns and showing bullish signals, especially looking at the candlestick arrangements. Specifically, Bitcoin recently closed a weekly candle above the 0.618 Fibonacci level before the next halving event. Mags said this is…

Reddit holds Bitcoin, Ether, Matic on balance sheet per IPO filing

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Reddit said it acquired major cap cryptocurrencies, including Bitcoin, for varying reasons and has received digital asset payments for limited services since at least 2022.  Social network Reddit holds Bitcoin (BTC), Ethereum (ETH), and Polygon (MATIC) according to its initial public offering (IPO) filing with the U.S. SEC on Feb. 22. The company said it experiments with blockchain technology and crypto tokens, complying with disclosure requirements as it plans to go public under the ticker RDDT. We invested some of our excess cash reserves in Bitcoin and Ether and also…

Paris Saint-Germain Becomes Trailblazing Validator On Chiliz Blockchain, Fueling 9% Rally In CHZ

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In a notable development that signifies the growing adoption of blockchain technology in the sports industry, Paris Saint-Germain (PSG) has announced its deepening partnership with Chiliz (CHZ), the Malta-based FinTech provider. PSG, one of the world’s most renowned football clubs, is set to become the first sports club to act as an official blockchain validator on the Chiliz Chain, a significant milestone for both organizations. Chiliz $1 Billion SportFi Ecosystem Attracts PSG According to Thursday’s announcement, the latest collaboration will see PSG play an important role in ensuring the security,…

Bitcoin reaches an all-time high in 14 countries

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Bitcoin has reached an all-time high in 14 countries, including Turkey, Argentina, Egypt, Pakistan, Nigeria, Japan, and Lebanon, despite trading 25% below its peak of $69,000.  The paradoxical situation underscores the significant depreciation of these nations’ currencies against the U.S. dollar (USD) over the past two years. The global financial market has been highly volatile in the past few years, as the appeal of cryptocurrencies like Bitcoin has increased in these countries as a hedge against economic instability. For instance, the Lira has seen a dramatic devaluation in Turkey, with…

Reddit Discloses Holding Bitcoin and Ether in IPO Filing

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Valkyrie introduces Bitcoin Futures ETF offering 2x leverage

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Valkyrie Investments introduces BTFX, a 2x leveraged Bitcoin futures ETF aimed at doubling the daily performance of the CME Bitcoin Futures index. According to a press release, BTFX seeks to achieve this objective by investing in Bitcoin futures contracts rather than directly in Bitcoin itself. Valkyrie Co-Founder Steven McClurg indicated that BTFX is tailored for institutional investors and hedge funds, emphasizing its non-direct investment strategy in Bitcoin (BTC). Valkyrie is pleased to announce the launch of the Valkyrie Bitcoin Futures Leveraged Strategy ETF ($BTFX), our 2x leveraged #bitcoin ETF that…

Lumerin Announces New Integration With Portal DEX for Decentralized Bitcoin Mining and Cross-Chain Hashpower Trading

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PRESS RELEASE. CHICAGO – Feb 22, 2024 – Lumerin, a decentralized Hashpower Marketplace built on Arbitrum that has built technology to make Bitcoin hashrate a liquid asset allowing for global access to peer-to-peer, decentralized hashrate trading, today announced a new integration with Portal, the first trust minimized, cross-chain swaps that involve no bridges, custody or […] Original

How PubKey Revived Bitcoin Culture in New York City

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“The bedrock of Bitcoin in New York is definitely BitDevs,” explains Pacchia. “BitDevs kept the focus on Bitcoin, which was really important, because in 2016 [through] 2018, there was a lot of money flowing into Ethereum. Consensys [hosted] lots of mixers. There was crypto Mondays and Ripple stuff and Cardano stuff, and there was lots of money being thrown around by VCs to have events. It’s easy for people to get distracted by shiny objects, and Bitcoin didn’t really have a shine to it.” Original