Day: June 29, 2024

Consensys to Challenge SEC in Court: Confident SEC Lacks Authority to Regulate Software Interfaces Like Metamask

Consensys Software has issued a statement addressing U.S. Securities and Exchange Commission (SEC) charges accusing the company of unregistered securities offerings through Metamask staking and swaps. Consensys contends the SEC’s actions are regulatory overreach and vows to defend its position in court, emphasizing the broader implications for the web3 ecosystem. Consensys Challenges SEC Charges On […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Ledn Co-Founder Mauricio Di Bartolomeo States Crypto Will Be a Determinant Factor on Latam Elections: ‘People Want Bitcoin’

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Mauricio Di Bartolomeo, co-founder and CSO of Ledn, a Canada-based bitcoin lending platform, stated that Latam citizens are shifting to elect governments supporting bitcoin as a better money alternative. In an interview with Bitcoin News, Di Bartolomeo stressed that presidents like Bukele in El Salvador and Milei in Argentina have shown Latam that proposals including […] Original

35 Billion SHIB Invade Shibarium

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The Shiba Inu community is experiencing a wave of mixed emotions. On the bright side, the long-awaited Shibarium, the project’s layer-2 blockchain, is gaining traction with a significant transfer of tokens and a surge in transaction volume. However, the price of SHIB itself remains stubbornly stagnant, leaving some “Shiba Millionaires” out in the cold. Related Reading Shibarium Blazes A Trail, But Can It Spark A Price Rally? The movement of 35 billion SHIB tokens to Shibarium signifies a crucial step for the Shiba Inu ecosystem. This dedicated network promises faster…

NFT Sales Defy Crypto Market Downturn, Rising 4.52% This Week

Despite a general decline in cryptocurrency markets this week, non-fungible token (NFT) sales rose by 4.52% compared to the previous week. NFT sales totaled approximately $101,467,710 over the past seven days, with Ethereum-based digital collectibles dominating the market. NFT Landscape Shifts This week, the leading top five blockchains for NFT sales were Ethereum, Polygon, Bitcoin, […] Source CryptoX Portal

Spot Bitcoin ETFs rebound, $137.2m in four-day inflow surge

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U.S. spot Bitcoin (BTC) ETFs have seen a positive shift, registering four consecutive days of net inflows amounting to $137.2 million. The turnaround started on June 25, following a tough week of consistent net outflows across nearly all funds.  Bitcoin spot ETF flows June 25-28 | Source: Farside Investors On that day, per data from Farside Investors, spot Bitcoin ETFs in the U.S. recorded $31 million in net inflows, with Fidelity’s FBTC leading the charge with $48.8 million in inflows, followed by the Bitwise Bitcoin ETF (BITB) with $15.2 million.…

Bitcoin blues could extend into July but outlook for the second half is upbeat

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Bitcoin’s blues could linger throughout July, but investors are still optimistic about the cryptocurrency in the second half of the year. The cryptocurrency has yet to break out of the tight range it’s been stuck in – between $60,000 and $70,000 – since March. This week it fell to the lower end of that range and is now on pace to finish June down 10%, according to Coin Metrics. That would make it its worst month since April and second down month in three. July is usually a strong month…

BTC could hit $500k in 2029, $1m by 2033; these altcoins could follow a similar trend

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin’s bullish forecast and SEC’s Ethereum case drop; Angry Pepe Fork sees notable presale interest among investors. Analysts have foreseen a bright future for the price of BTC, with indications that it might even hit the $1M mark by 2033. According to reports, despite the bears arguing that Bitcoin ETF trade is done and that most early Bitcoin ETF allocations were driven by retail investors, optimistic predictions remain for…

Analyst Identifies Bitcoin Liquidity Pools You Should Be Aware Of Going Into July

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Crypto analyst Zen has released a critical assessment of different scenarios to expect for the Bitcoin price in July. Bitcoin’s price performance in June has undoubtedly left many investors disappointed. This is because the cryptocurrency virtually traded on a decline throughout the month, even falling below $60,000 at some point. While the unfavorable price continues to play out, crypto analyst Zen has flagged some major liquidity pools that could determine Bitcoin’s outcome in July and the next few months in autumn. Analyst Highlights Potential Bitcoin Liquidity Pools As mentioned earlier,…