Day: May 29, 2024

Coinbase-Backed Altcoin Skyrockets Nearly 100% After Earning Listing From Korean Exchange Upbit

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South Korean crypto exchange Upbit has announced the new listing of a low-cap altcoin, triggering explosive price action. In a new announcement on May 29, Upbit says they’re listing Bounce (AUCTION), a crypto project focused on blockchain-based auction technology. The project, created by Bounce.Finance, is a decentralized auction platform that allows for the swapping of tokens in a competitive environment with a limited supply of tokens. Bounce is backed by several large players in the space, including Pantera, Coinbase Ventures and Blockchain Capital. Following the announcement from Upbit, AUCTION exploded…

BlockDAG’s dashboard leads transparency ranking as the company boasts $36m presale

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. BlockDAG excels in transparency with its upgraded dashboard, surpassing Uniswap price predictions. The Internet Computer Protocol (ICP) provides a solution to high transaction costs with its reverse crypto gas fee model, shifting these costs from users to developers. In parallel, Uniswap price predictions look promising as UNI sees a rise within a week, rekindling interest in the DeFi sector. At the same time, BlockDAG has updated its dashboard, unveiling…

WIF Traders Raking Millions As Analyst Backs Meme Coins To Spearhead Crypto Rally

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Andrew Kang of Mechanism Capital, a crypto venture fund, thinks meme coins have evolved and shouldn’t be considered lowly. In a post on X, Kang argues that meme coins are no longer a “last resort” investment but an emerging sector constantly attracting millions of investors. Investors Should Change Strategy? If anything, the analyst thinks, top meme coins like BONK, HONK, and others may spearhead the next market surge. For this reason, and considering the potential of meme coins, investors, the analyst said, should consider adapting their strategies or risk “dying.”…

Mastercard Launches Crypto Credential Service for Simplified Cross-Border Transactions

Financial giant Mastercard has initiated its first real-world application of the Crypto Credential system, a system aimed at facilitating easier and more secure peer-to-peer (P2P) cryptocurrency transactions. The service, which allows users to transfer cryptocurrencies using simple aliases, has gone live across several exchanges in Europe and Latin America. Mastercard Launches Crypto Credential, Aiming for […] Source CryptoX Portal

Goldman Sachs Digital Assets Lead Matthew McDermott Discusses the Institutional Embrace of Tokenization at Consensus 2024

AUSTIN, TX — Goldman Sachs, the 150-year-old investment bank, is getting deeper into crypto, according to the firm’s global head of digital assets, Mathew McDermott. The executive, a 19-year veteran of the bank, helped found its digital asset desk in 2021 and has since led efforts to introduce a suite of products and services including liquidity in cash-settled derivatives, options and futures crypto trading. Source

Behind the Scenes as Big-Tent Consensus Goes Up

ETH ETF IMPLICATIONS – The U.S. Securities and Exchange Commission approved key regulatory filings for proposed exchange traded funds (ETFs) linked to the price of the Ethereum blockchain’s native cryptocurrency, ether (ETH) – after months of speculation that regulators would likely deny the instruments. While most Ethereum supporters likely applauded the step, since the ETH token’s price rallied, the developer shop Consensys couldn’t resist the opportunity to tweet that “this seemingly last-minute approval is yet another example of the SEC’s troublesome ad hoc approach to digital assets.” Consensys, which is…

Solana Remains Institutional Investors’ Favorite, YTD Flows Ramp Up To $29 Milion

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Solana (SOL) is rapidly gaining the attention of institutional investors, who are increasingly showing a strong interest in this crypto token. This trend underscores the possibility that Solana could be the next in line to launch its Spot ETF, a development that could significantly impact the crypto token’s price.  Solana Investment Funds Record Year-To-Date Inflows Of $29 Million According to CoinShares’ latest weekly report, Solana investment products currently boast a year-to-date (YTD) net inflows of $29 million. Last week, these funds saw net inflows of $8 million. Meanwhile, these Solana…

ARK Invest CEO Cathie Wood Said at Consensus 2024 that Ether ETF Filings Were Approved Because Crypto Is an Election Issue

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