Day: June 11, 2024

Bitcoin Crash Below $67,000 Sends Market Spiraling, Here Are The Levels To Watch

The new week has been quite bearish for bitcoin, with the price witnessing major crashes below multiple support levels. After losing its footing above $71,000, it has plunged further below $67,000, signaling the start of a downtrend. Amid the uncertainty, a crypto analyst has presented the important levels to watch as Bitcoin makes it descent, showing a possible direction for the price. Bitcoin Enters Sideways Consolidation In an analysis on the TradingView platform, crypto analyst Bitcoin Signals revealed some important developments for the Bitcoin price. The first observation is the…

What Do the EU Election Results Mean for Digital Assets?

ECR, in particular, gained 15 seats last evening. 14 of those came from the party of the Italian Prime Minister, Georgia Meloni. She has been a much milder conservative than her election campaign might have suggested, recognizing the degree of cooperation needed with both Brussels and Washington DC in order to consolidate her power. Even so, formally working with the ECR might be a taboo for the mainstream parties. But collaboration on specific policy issues is now possible for the EPP, even if only used as a threat and a…

Maybe Old-Fashioned Venture Capital Wasn’t So Bad After All

Maybe it’s time that we start to examine which investors are looking to do 100x-1000x on their investments over a decade, and which ones are looking to do smaller returns over a shorter period of time. The former is the one that will lead to consumer adoption, because we need to educate people why blockchain is better for consumers, build the products, launch them, get regulators on board, and actually be in a place where the blockchains can handle the traffic, all of which take time. The latter will only…

Bitcoin Suisse issues tokenized bond on Obligate to raise fresh capital

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Swiss crypto custodian Bitcoin Suisse has issued tokenized bond via Obligate to double down on growth efforts in the lending business. Bitcoin Suisse, Switzerland’s largest crypto custodian with over $5.5 billion in assets under custody, has secured new capital by issuing a tokenized bond on Obligate, an on-chain capital markets platform. According to a press release shared with crypto.news, the investment-grade bond is overcollateralized and utilizes Circle’s USD Coin (USDC) stablecoin as the settlement currency. The issuance was executed via atomic settlement of the bonds against the stablecoin. Bitcoin Suisse…

Crypto Exchange Crypto.com Secures a Spot on Bank of Ireland’s Virtual Assets Service Provider Register

The company joins Coinbase, Ripple and Gemini on the register as crypto companies vie to win approval in EU nations to ensure they are ready for December, when the Markets in Crypto Assets (MiCA) legislation becomes fully operational. The bloc’s wide-ranging rules for the industry allow firms with a crypto asset service provider license from any member state to operate across all 27 nations. Source

Blood In The Water? Ethereum Whales Circle As Price Drops

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Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization, has created a perplexing scenario for investors recently. Despite a noticeable decline in its price, on-chain data reveals that large investors, often referred to as “whales,” are accumulating ETH. This could signal a potential buying opportunity, though technical indicators suggest a weakening uptrend, leaving Ethereum’s near-term future uncertain. Related Reading: Solana Searching For Direction: Will SOL Break Free Or Fall Flat? Ether down in the last 24 hours. Source: Coingecko Ethereum Whales See Opportunity In Price Dip In recent analysis by…

PlayDoge presale raises $3.5m in two weeks, combining memes with P2E gaming

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. PlayDoge’s presale surpasses $3.5 million in two weeks, combining the viral appeal of memecoins with the engaging world of Play-to-Earn (P2E) gaming. It’s been a triumphant opening two weeks for the PlayDoge (PLAY) presale, cruising past the $3.5 million total raised mark. Combining the virality of memecoins with the compelling allure of Play-to-Earn (P2E) gaming, PlayDoge’s crossbreed narrative is causing a buzz. The presale initially launched on BNB Smart…

Bitfinex Lists AIOZ Token, Enhancing Blockchain-Based Media Solutions

Bitfinex, a leading digital asset trading platform, has announced the listing of AIOZ, the native token of AIOZ Network. This move, revealed on June 11, 2024, bolsters the platform’s commitment to supporting innovative blockchain projects. About AIOZ Network AIOZ Network is a decentralized platform leveraging blockchain technology to enhance AI, storage, and streaming services. The network aims to transform digital media by providing decentralized solutions, thereby creating a more efficient and scalable ecosystem. Recent collaborations, such as the partnership with Alibaba Cloud, underscore AIOZ’s real-world…