Month: May 2024

Jack Dorsey’s Block moves to dollar cost averaging for Bitcoin investments

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Block, the payments firm led by CEO Jack Dorsey, has begun a dollar cost averaging (DCA) program to expand its Bitcoin holdings, per a May 2 shareholder letter. Starting in April, the company has been allocating 10% of its monthly gross profit from Bitcoin-related products to purchase additional Bitcoin. The strategy is set to continue throughout the remainder of 2024. Dollar-cost averaging is an investment strategy that involves investing a fixed dollar amount into a particular asset at regular intervals, irrespective of the asset’s price at the time. The method…

Registration opens for ICO annual conference

The Information Commissioner’s Office (ICO) will hold its annual Data Protection Practitioners’ Conference (DPPC) online on Tuesday 8 October. Whether it’s your first time or you’re a DPPC regular, this FREE event will have something for you regardless of experience level, sector or specialism. The DPPC will include content on both data protection and freedom of information legislation and is the only information rights conference where you’ll hear directly from the regulator throughout the day. Our delegates are on the frontline of information rights – helping stop cyber-attacks, preventing personal…

Friend.Tech’s Native Token FRIEND Tanks to $2.5 After Airdrop

“Most users got 10x less airdrop than what they were expecting, so they are not even claiming that airdrop, as its less than 200$ for most of the retail investors,” Malviya told CoinDesk in a direct message on X. “But at the same time few people ended up making crazy amount. So its a clear case of very concentred airdrop where leading creators took the most supply home through airdrop, leaving retail in disguise.” Source

Is MATIC Poised For Takeoff? Key Area Breaks Records

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Polygon (MATIC), the Ethereum scaling solution, has been a hot topic for weeks. Its daily active addresses recently hit an all-time high, exceeding 1.4 million, a testament to the network’s growing user base. This surge in activity, however, presents a tale of two sides for MATIC. Polygon’s Busy Streets: A Sign Of Growth Or Gridlock? The high traffic on Polygon’s virtual streets is undeniable. The consistent daily active addresses above 1 million suggest a thriving ecosystem. However, a closer look reveals a potential bottleneck. While the number of users has…

BASE joins meme frenzy as BRETT takes off; GFOX set to top lists

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Coinbase’s Base sees a memecoin boom, with utility-focused Galaxy Fox (GFOX) among those thriving, following BRETT’s success. The Base blockchain has seen a significant spike in transactions, largely thanks to memecoin excitement. Base is Coinbase’s flagship blockchain which has seen its average daily transactions spike in the past week.  This increase in transaction volumes is reminiscent of what the Solana blockchain experienced in recent months. Traders are constantly exploring…

Arthur Hayes Shares His Top Altcoins

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In his most recent publication dated May 2, 2024, Arthur Hayes, the founder of exchange BitMEX, shared his insights into the crypto market’s recent tumultuous behavior and the broader macroeconomic signals shaping potential future trends. Titled “Mayday,” his essay directly addresses the crypto market, which has experienced significant volatility since mid-April. Stealth Money Printing Is Commencing Hayes begins by noting the observable distress in the crypto markets, which he attributes to a confluence of factors including the end of the US tax season, anticipatory fears about Federal Reserve policy decisions,…

Blackrock Reinforces Tokenization Drive Leading $47 Million Funding Round in Digitization Company Securitize

Blackrock, the largest asset management company in the world, has led a strategic funding round of $47 million in Securitize, a capital markets digitalization company. The round, which had the participation of other financial markets and crypto native companies, shows Blackrock is betting on the transformative capabilities of tokenization for global capital markets. Blackrock Leads […] Source CryptoX Portal

SOL Price Pops 10%, Can Solana Bulls Regain Strength?

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Solana started a recovery wave from the $120 zone. SOL price is rising and might accelerate higher if there is a close above the $142 resistance. SOL price recovered higher and tested the $140 resistance against the US Dollar. The price is now trading below $142 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $132 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could start another decline if it stays below…

Sealana crypto presale goes live as Solana memecoins lead recovery

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Sealana sparks a robust start in its presale, gathering $130k as Solana memecoins spearhead a market recovery, indicating a growing investor interest in new meme-driven projects. The Solana meme coin circuit is spearheading a broader crypto market recovery, and Sealana is launching a new presale for frontrunner status. Within its opening hours, the presale has already raised over $130k, reflecting a deep market appetite for the new token. The…

Is Ethereum Back? Record 267,000 New Users Spark Speculation

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The winds of change are swirling around Ethereum, the world’s second-largest cryptocurrency. Despite a recent price dip, the network has witnessed a surge in new user activity, sparking a wave of optimism. However, the outsized influence of large holders, known as whales, continues to cast a long shadow. New Wallets Open For Business Data from blockchain analytics firm Santiment reveals a surge in new Ethereum wallets, with a record-breaking 267,000 created on April 28th and 29th. This influx marks the highest two-day increase since October 2022 and suggests a potential…