“I think altcoins have been lagging the recent run-up in ethereum and for most traders look at what ETH is doing and imply potential moves for altcoins,” Sischka said. “The ETF apporval drove the ETH rally but I think with doge the wild card is that Elon Musk adds it to Twitter as some sort of payment currency.” Source
Crypto analyst TechDev has offered a bullish narrative for the crypto market. He recently hinted that a parabolic move is imminent for Bitcoin and altcoins, following his statement that the market has entered an important phase in this bull cycle. Crypto Market Has Began “Macro Bullish Expansion” TechDev mentioned in an X (formerly Twitter) post that “the entire crypto market has just begun its first macro bullish expansion in three and a half years.” The analyst shared a bi-monthly chart of the total crypto market cap, which showed that the…
A committee of the board considering the approach “determined it significantly undervalues the company and its growth prospects,” the Toronto-based firm said Wednesday. “In order to advance discussions with Riot in a meaningful manner, the committee requested customary confidentiality and non-solicitation protections to which Riot did not respond.” Source
AI has captured the attention of the technology world for the last year and a half, with concerns aired that tech giants like Microsoft (MSFT), Alphabet (GOOG) and Meta (META) will establish a hegemony over the sector. That’s partly what spurred the Web3 companies to try to build a decentralized AI infrastructure, where data is transparent and shared openly between contributors. Source
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Raboo surges as Aave and Synthetix gain momentum this week, highlighting the growing interest in defi and memecoins. Decentralized finance is the best blockchain invention since cryptocurrency itself. Aave and Synthetix are defi coin winners this week, with the Aave price bumping against 9.66% gains for the week and Synthetix making it just shy of 2.44%. Holding defi coins is a great way to enter the lucrative defi market.…
“From the start, Gemini’s goal was to obtain the return of 100% of its users’ digital assets from Genesis, and Gemini was dedicated to a coin-for-coin recovery,” Anson Frelinghuysen, a partner at Hughes Hubbard & Reed LLP and Gemini’s lead bankruptcy counsel, said in a statement to CoinDesk. Source
Tyler Winklevoss and Cameron Winklevoss (L-R), creators of crypto exchange Gemini Trust Co. on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images Customers with funds locked up in crypto exchange Gemini’s defunct crypto lending program are finally going to start getting their money back. The company, which is owned by tech billionaire twins Cameron and Tyler Winklevoss, announced Wednesday that it will return $2.18 billion of their digital assets…
U.S. spot bitcoin exchange-traded funds (ETFs) saw another day of inflows on Tuesday, marking the 11th consecutive day of gains. Despite reports suggesting Blackrock’s IBIT holds more bitcoin than Grayscale’s GBTC, IBIT’s official website shows the fund still needs 322.28 BTC to surpass GBTC. While the web portal was updated on May 28, there may […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Stellar Lumens (XLM), the cryptocurrency known for its fast and cheap cross-border transactions, has been on a quiet journey lately. While the broader crypto market experiences wild swings, XLM trades sideways, seemingly unfazed by the drama. But is this calmness a sign of stagnation, or is Stellar poised for a stellar (pun intended) breakout? Related Reading Trading In The Twilight Zone Currently, XLM sits at $0.10, a price point it’s clung to for weeks. Trading volume is moderate, and the overall market sentiment leans slightly bearish. This might lead some…
“The lack of security and guardrails in place for retail investors has stifled Web3 adoption,” Josh Schwartz, CEO of Fordefi, said in a statement. “With Fordefi, retailers can leverage the same security infrastructure used by the most sophisticated institutions in the market.” Source