Day: June 6, 2024

Analyst Predicts XRP At $0.75 In July Despite Year-Long Slump

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In a stark contrast to the performance of the broader crypto market, XRP continues to face significant challenges, according to statements from pro-XRP lawyer Bill Morgan. Despite a discouraging decline in the value of the crypto asset relative to Bitcoin (BTC) and 88% of the top 100 cryptocurrencies, Morgan maintains a bullish outlook on the asset. In a post on X, Morgan outlined the struggles XRP has faced, particularly over the last year—a period that brought legal clarity and was expected to boost investor confidence in XRP. Morgan noted, “There…

Bitcoin Miner Bitdeer (BTDR) Acquires ASIC Chip Designer Desiweminer For $140M in All-Stock Deal

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Bitcoin (BTC) MIner Core Scientific Rejects CoreWeave’s $1B Buyout Offer

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Nigerian Startup Zone Launches Blockchain-Powered Point-of-Sale Gateway

A Nigerian payments company recently announced the launch of a blockchain-powered point-of-sale payment gateway. This gateway facilitates transaction routing to issuers and aims to prevent chargebacks or chargeback fraud by promptly reimbursing customers for unsuccessful transactions. Eliminating Chargeback Fraud The Nigerian payment infrastructure company, Zone, recently announced the launch of a blockchain-powered point-of-sale (PoS) payment […] Source CryptoX Portal

Bitname Introduces the First Full-Scale Name Service for the Bitcoin Ecosystem

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PRESS RELEASE. Bitname, the first name service provider encompassing the entire Bitcoin ecosystem, is introducing a new protocol standard, SRC101, for Bitcoin Stamps. It allows permanent storage of domain assets on Bitcoin and supports the interconversion and resolution of all Bitcoin address types. It also supports Bitcoin Layer2 and sidechain address linking through unique features. […] Original

Bitstamp To Be Sold to Robinhood in $200M Deal

“Bringing Bitstamp’s platform and expertise into Robinhood’s ecosystem will give users an enhanced trading experience with a continuing commitment to compliance, security, and customer-centricity,” said JB Graftieaux, CEO of Bitstamp, who along with the rest of the leadership team will remain in place following the sale. Source

Hong Kong’s SFC chief praises Bitcoin

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Hong Kong’s Securities and Futures Commission chief Julia Leung says Bitcoin is clearly showing its power to stay as an “alternative asset.” Bitcoin, the largest crypto by market capitalization, is here to stay as it succeeded over the past 15 years to survive multiple cycles of “boom and bust,” Hong Kong’s Securities and Futures Commission (SFC) chief Julia Leung says. Speaking at the Greenwich Economic Forum, the SFC boss Leung acknowledged the prevailing skepticism among central bankers and economists regarding the intrinsic value of cryptocurrencies. Yet, Leung underscored the fact…

Altcoins: Analyzing Key Signs For A Potential Boom

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Altcoins are generating significant buzz among cryptocurrency watchers, as rumors of a potential Bitcoin breakout circulate. After weeks of sluggish trading, a recent surge of capital has revitalized the king of coins. This raises a pressing question: will altcoins ride the wave, or are they doomed to be left behind? Related Reading Whispers Of A Bitcoin Bonanza Data from Farside Investors reveals a significant shift in investor sentiment. Nearly $890 million flowed into Bitcoin exchange-traded funds (ETFs) on June 4th, a clear sign of renewed interest. This surge in buying…