Month: June 2024

Solana-Based AI Altcoin Explodes After Earning Support From Crypto Exchange Binance

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A Solana (SOL)-based altcoin project with an artificial intelligence (AI) focus is soaring after gaining support from Binance, the world’s largest crypto exchange. In a new announcement, Binance says it’s listing decentralized AI computing network io.net (IO) for trading on its platform. “Binance is excited to announce that io.net (IO) has been added to Binance Simple Earn, ‘Buy Crypto’ and Binance Convert. In addition, Binance will add IO on Binance Margin, Binance Futures and Binance Auto-Invest at 2024-06-11 14:00 (UTC), 2024-06-11 14:00 (UTC) and 2024-06-13 10:00 (UTC) respectively.” IO is…

Bullish News: Top Analyst Forecasts Altcoin Bottom Today, Market Poised For Upswing

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In a recent social media post, renowned crypto analyst Michael Van de Poppe shared his predictions regarding the potential bottoming out of the altcoin market.  Van de Poppe emphasized the significance of key economic data and the upcoming interest rate decisions from the Federal Open Market Committee (FOMC), highlighting their potential impact on the crypto market. Altcoin Rally Ahead? CPI Data Points To Bullish Outlook Consumer Price Index (CPI) data revealed that US inflation had fallen to 3.3%, lower than expectations, which he deemed bullish news for the altcoin market.…

Moscow Exchange Pauses Dollar and Euro Trading Following Latest US Sanctions

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Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Builders of new payment frameworks on the continent will share their insights on shaping “cowrie shell” systems for the digital age. MODERATOR: Hwalani Mabaso , Country Director | Women in Tech South Africa Provincial General Manager…

Pixelverse Raises $5.5 Million to Expand Web3 Gaming Ecosystem

Pixelverse, a developing entertainment studio and game ecosystem, has secured $5.5 million in a private funding round led by prominent Web3 venture capital firms. The funds are intended to support the growth of Pixelverse’s gaming platform, which has seen significant user engagement since its launch. Pixelverse Secures $5.5 Million Pixelverse‘s recent funding round saw participation […] Source CryptoX Portal

Merlin Chain brings staking opportunities and DeFi access to Bitcoin

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Merlin Chain is bringing the much-anticipated decentralized finance (DeFi) opportunities to Bitcoin holders, thanks to a suite of innovative integrations and its proof-of-stake (PoS) mechanism. Bitcoin Layer-2 blockchain Merlin Chain has seen more than $13 billion worth of Bitcoin (BTC) bridged in the last 45 days. Now its eyeing further growth as it bring more benefits for BTC holders. In this case, the platform wants to be the game-changer for staking rewards and yield-generation on Bitcoin. It’s goal is enable greater access to DeFi for BTC holders, opening up lucrative…

Is Bitcoin Overheated Right Now? This Metric Suggests No

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Data of an on-chain indicator could suggest Bitcoin is currently not at a stage where its price would be at a significant risk of facing correction. Bitcoin 365-Day MA Growth Rate Is Sitting Below Historical Overheated Zone In a post on X, CryptoQuant author Axel Adler Jr has discussed about the recent trend in the “Growth Rate” metric for Bitcoin. The Growth Rate basically keeps track of the difference between the changes happening in the Bitcoin Market Cap and Realized Cap. The Market Cap here is naturally just the simple…

Crypto Exchange OKX Sees $204,000,000 in Outflows Following Reports of Security Incidents

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Global cryptocurrency exchange OKX is witnessing a massive outflow amid reports of a security breach, according to the decentralized finance (DeFi) data aggregator DefiLlama. Per DefiLlama approximately $204.67 million in crypto assets has exited OKX over the past 24 hours. Over the past seven days, OKX has recorded outflows amounting to $633.88 million. The world’s largest crypto exchange by volumes, Binance, has meanwhile recorded inflows of $128.51 million in a 24-hour period and inflows of $1.364 billion over the past seven days, per the DeFi data aggregator. Source: DeFiLlama Citing…

Crypto market rebounds on soft CPI data

Crypto markets jumped on June 12 after U.S. CPI numbers for May came in flat, fueling expectations for promising inflation data.   U.S. Consumer Price Index (CPI) data was unchanged last month, down from 0.3% in April. The year-over-year (YoY) CPI also dropped from 3.4% in April to 3.3% in May, besting predictions that data would remain the same.  Core CPI YoY levels declined from 3.6% to 3.4% last month, the lowest rate since April 2021. The general consensus estimated a 3.5% point for this index.  Following the improved data, the…

Institutional Interest in Digital Assets: Bitcoin Leads the Charge

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Deciding which tokens merit inclusion, and in what proportions, is a pivotal consideration. Despite the proliferation of thousands of cryptocurrencies, only a select few warrant inclusion in institutional portfolios. Bitcoin and Ethereum, as industry stalwarts, are indispensable. Additionally, tokens such as Solana (SOL) and Chainlink (LINK) should be considered, albeit with careful, active management to mitigate potential risks. This balanced approach ensures that investments in digital assets are both judicious and resilient. Original