Month: February 2024

Web3 advisor Coinsilium to guide LC Lite in token launch

Web3 advisor Coinsilium Group Ltd. has inked a deal with global trade exchange platform LC Lite, steering the ship for its upcoming token launch. The collaboration aims to integrate distributed ledger technology (DLT) features into LC Lite, to enhance marketplace liquidity and foster stability in cross-border export financing. Coinsilium’s strategic advisory services come to the forefront as LC Lite, which was recently acquired by Incomlend, aligns itself with the Web3 advisor. Incomlend, a company focused on addressing loopholes in the global trade finance ecosystem, has joined forces with LC Lite.…

Solana Drops Below 100-Day MA On 4-Hour Chart, SOL Price In Danger?

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Having failed to break its previous high for the year, the price of Solana has continued to move downward. From the height of $118.88, the coin, which is currently ranked 5th in the crypto space with a total supply of 440,961,455 SOL and a market capitalization of $58.2 million,  has made a drop of over 25% and is not showing any signs of stopping. As of the time of writing, the price of SOL was up by 2.76% and trading around $102.63, below the 100-day moving average in the last…

Stablecoin Market Jumps by Over $2.5 Billion in 10 Days, Led by Rise in Key Players

In the opening fortnight of February, the stablecoin domain expanded by $1.7 billion, marking a significant rise. The value of the fiat token crypto market has once again risen witnessing an increase exceeding $2.5 billion over the past ten days. Specifically, three stablecoins have driven this upswing, with the stablecoin ethena usde at the forefront […] Source CryptoX Portal

Grayscale transfers $175m worth of Bitcoin via Coinbase

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Crypto asset manager Grayscale has made a strategic move by transferring 3,443.1 Bitcoin, amounting to over $175 million, to an address associated with the Coinbase exchange. The latest move was executed in five separate transactions to Coinbase Prime, a platform designed to cater to the liquidity needs of institutions. According to Arkham, at 22:12 UTC+8 on February 23, Grayscale transferred 2,669.31 BTC to the address of Coinbase Prime Deposit, worth approximately US$136 million；it transferred 773.79 BTC to a new address, which is suspected to be Grayscale’s new custody address.… —…

Rebel Satoshi presale in focus, XMR and MINA can recover after slump

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The crypto market is getting to grips with the recent shocking delisting of Monero (XMR). Meanwhile, Mina (MINA) has prepared further plans for a major mainnet upgrade. In other news, investors are looking at the Rebel Satoshi (RBLZ) presale. Rebel Satoshi to surge on launch? Rebel Satoshi is a defiance-themed meme coin carrying the baton for Bitcoin, the first of many top DeFi projects that followed after 2009. The…

Carson Group adds spot Bitcoin ETFs into $30b portfolio

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Omaha, Nebraska-based Carson Group is offering four-spot Bitcoin (BTC) ETFs to its clientele, according to Bloomberg. The investment firm has included top candidates such as BlackRock’s iShares Bitcoin Trust, Fidelity Wise Origin Bitcoin Fund, Bitwise Bitcoin ETF, and the Franklin Bitcoin ETF in its investment offerings to clients. Grant Engelbart, the vice president and investment strategist at Carson Group, delineated the inclusion criteria, pointing out the substantial assets and vigorous trading volumes as key rationales behind choosing the frontrunners, BlackRock and Fidelity’s products.  The BlackRock iShares Bitcoin Trust (IBIT), with…

Analysts watching XRP, VeChain, and NuggetRush

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The altcoin season indicator of Glassnode shows that altcoins could be on the cusp of an explosive price rally in the coming weeks. This is further backed up by many crypto analysts confirming that an altseason is near. As we approach another major bull cycle, VeChain (VET), XRP, and NuggetRush (NUGX) have emerged as some of the top altcoins to watch. NuggetRush poised for gains in 2024 NuggetRush gained…

Lejilex and Crypto Freedom Alliance of Texas Sue SEC for Unlawfully Targeting the Digital Asset Industry

Lejilex and the Crypto Freedom Alliance of Texas, a crypto nonprofit, have teamed up to introduce a complaint against the actions of the SEC towards actors in the digital asset industry in America. The complaint alleges that the SEC has no regulatory powers over these crypto companies, having usurped functions not given to it by […] Source CryptoX Portal

Uniswap 71% Single-Day Rally Raises Eyebrows

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The cryptocurrency market witnessed a significant shift in momentum on February 23rd, as Uniswap native token, UNI, skyrocketed by an impressive 71%. This surge marks the token’s highest price point since March 2022, sending shockwaves through the crypto landscape and reigniting interest in the decentralized finance (DeFi) sector. Source: Coingecko Uniswap Proposes Fee-Sharing Feast For Stakers The primary catalyst behind this astronomical rise appears to be a pivotal proposal unveiled by the Uniswap Foundation. This proposition advocates for the implementation of a novel fee-sharing mechanism, fundamentally altering the token’s utility…