Day: June 21, 2024

Fintech Giant Flutterwave Partners With Nigerian Anti-Graft Body to Launch Cybercrime Center

Flutterwave, a Nigerian fintech startup, has partnered with the Economic and Financial Crimes Commission (EFCC) to establish a cybercrime research center. This strategic initiative aims to intensify the fight against internet crime, enhance the security of business transactions, and provide opportunities for Nigerian youth. The partnership was formalized through a Memorandum of Understanding (MoU) signed […] Source CryptoX Portal

Bernstein Analysts Revise BTC Target To $200,000, Here’s When

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Analysts at global asset management firm Bernstein have revised their former Bitcoin target to $200,000, foreseeing the influx of Spot Bitcoin ETFs inflows catalyzing this massive price surge.  Bernstein Analysts Raise Bitcoin Target To $200,000 In a note to clients, Bernstein analysts, Gautam Chhugani and Mahika Sapra predicted that Bitcoin could reach $200,000 by the end of 2025. This new price target comes after analysts foresaw BTC hitting $150,000 earlier in May. At the time, the analysts disclosed that they anticipated about $70 billion in inflows from Spot Bitcoin ETFs…

Foundry Unveils New Hardware Suite Targeting Institutional Bitcoin Mining

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Foundry Digital LLC has launched a new suite of products aimed at enhancing institutional bitcoin mining operations. Dubbed Foundry Hardware, this initiative introduces specialized equipment designed to improve mining system efficiencies and reliability. Foundry’s New Suite Aims to Optimize Institutional Cryptocurrency Mining Foundry Hardware‘s offerings include power supply units, immersion optimization kits, and control boards […] Original

WIF Plunges 11% As Whale Deposits Millions To Binance

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Memecoins are in red this week as most sectors of the crypto market struggle. Dogwifhat (WIF) has not been the exception.  The memecoin sensation of Q1 saw a significant price drop following the movements of a whale. Recently, an address transferred millions of WIF to a crypto exchange, which ignited speculation about who was behind the transaction. Related Reading 6 Million WIF To Binance On Friday, reports of a massive WIF transfer to Binance hit the crypto community. Per the report, one of the top dogwifhat holders moved millions to…

Fidelity discloses $4.7 million seed investment for its spot Ether ETF

Fidelity has amended its S-1 filing for a spot Ethereum ETF, according to documents filed with the U.S. Securities and Exchange Commission (SEC) on Friday. The asset management firm is the first to file an amended S-1 Registration Statement with the SEC, kicking off what ETF analysts say could be a busy day for firms looking to secure approval to list spot Ether ETFs. Fidelity’s amends S-1 filing Fidelity’s filing disclosed a $4.7 million seed investment for its ETF, with affiliate FMR Capital having purchased 125,000 shares to seed the…

Digital Scarcity — Billionaire Michael Dell and Michael Saylor Exchange Dialogue on Bitcoin

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On June 20, Michael Dell, the Chief Executive Officer of Dell, the American technology company known for developing, selling, repairing, and supporting computers and related products and services, shared his thoughts on bitcoin via the social media platform X. This interaction began with a response from Michael Saylor, the founder of Microstrategy. Dell CEO Michael […] Original

Anthropic Launches Claude 3.5 Sonnet, Surpassing Openai’s Chatgpt

Anthropic, one of the largest artificial intelligence (AI) companies in the market, has released the latest iteration of its in-house large language model (LLM) Claude, identified as 3.5 Sonnet. Anthropic claims this new assistant competes with Openai’s GPT-4o, surpassing the latter in several benchmarks including Graduate Level Reasoning, Grade School Math, Multilingual Math, and Code. […] Source CryptoX Portal

Here’s How Bitcoin Next Rally Hangs on Miner Capitulation

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

LayerZero price suffers a harsh reversal as traders bet on a rebound

LayerZero price suffered a harsh reversal on Friday, erasing all gains made on Thursday after its airdrop. LayerZero plunged to $3, down from this week’s high of $4.57. As it dropped, the token’s market cap fell below the $1 billion mark at $745 million. LayerZero price chart LayerZero’s price, which we predicted, happened as the crypto industry went through a major sell-off with most tokens falling by double digits. Bitcoin dropped below the key support of $64,000 while the market cap of all tokens fell to $2.33 trillion.  It also…