Day: July 3, 2024

Indian Crypto Exchange CoinDCX Acquires BitOasis

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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…

Gala Games Partners with Animoca Brands to Boost Token, GALA Tanks 5%

CoinspeakerGala Games Partners with Animoca Brands to Boost Token, GALA Tanks 5% Gala Games, a Web3 and blockchain gaming firm, has partnered with Animoca Brands, a prominent venture capital and gaming firm based in Hong Kong. The two entities will work towards the development of the GALA token. The collaboration aims to enhance the users’ experience with the altcoin. As per an announcement made on social media platform X, Animoca Brands will receive GALA tokens from Gala’s Treasury “in order to provide liquidity provisioning services to Gala Games, with the…

Tether to Drive Digital Asset Education in Turkey

Crypto industry leader, Tether Operations Limited, and technology and strategy company, BTguru, have entered into a Memorandum of Understanding (MoU) to assess digital assets educational initiatives in Turkey (Türkiye). The MoU aims to develop comprehensive programs introducing stakeholders to blockchain and peer-to-peer technology, and explore real-world asset tokenization use cases for banks. This collaboration could […] Source CryptoX Portal

Experts Eye Ethereum ETF Launch By Mid-July, Predict Price Rally

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The crypto industry is on the verge of a potentially significant development as key figures in the sector hint at the imminent approval of a spot Ethereum ETF in the United States, possibly triggering a notable price rally for ETH.Nate Geraci, president of The ETF Store, shared insights into the expected timeline for the launch of the first spot Ethereum ETF. According to Geraci, current forecasts by Bloomberg predict a mid-July launch. He detailed the procedural timeline via X, stating, “Wen spot eth ETF? BBG sticking w/ mid-July. Amended S-1s…

Bitcoin ETFs end 5-day inflow streak, record $13 million net outflows

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Spot Bitcoin (BTC) ETFs in the U.S. broke their five-day net inflow streak on July 2, witnessing $13.7 million in net outflows amid a predominantly bearish day for BTC.  According to data provided by Farside Investors, these investment products recorded $13.7 million in negative net flows on July 2. This follows a positive start to the month, with $129.5 million in capital inflows on July 1, the highest in nearly a month. The recent bearish trend was significantly influenced by the disappointing performance of the Grayscale Bitcoin Trust (GBTC). This…

Crypto Industry Is Recovering From Crypto Winter Faster Than Internet From Dot-Com Crash : Architect Partners

Deal activity is also on the rise, with the announced transaction value in the second quarter hitting a record high of $2.7 billion, exceeding the combined value of the previous eight quarters, the report noted. Architect said confidence and momentum in markets are back, with the crypto winter in the past, and “professionalism, risk management, ethical behavior, and ‘doing it right’ are finally becoming the foundational principles of crypto.” Source

Ordinals Explorer Ord.io Introduces Rune-Gated Chats

Ordinals explorer Ord.io has announced the launch of ‘Degen Chat’, a new feature that introduces Rune-gated live chats for every Rune. This platform allows users to connect their wallets and start chatting instantly. The Degen Chat also introduces unique features such as Holder rank flairs and Mint count flairs. Ord.io founder, Leonidas, emphasized that every […] Source CryptoX Portal

Market Expert Sees Big Things For LDO: $6 Price On Horizon

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Lido DAO (LDO), the innovative liquid staking solution on the Ethereum network, has been on a wild ride lately. After a stellar run, the past week saw LDO plummet 24%, mirroring the broader cryptocurrency market’s turbulence. However, amidst the dip, a sense of cautious optimism flickers among investors, fueled by potential market shifts and bullish whispers from industry gurus. Related Reading Lido’s Prominent Role In Ethereum Staking LDO’s recent price tumble isn’t a solo act. The entire cryptocurrency market has been dancing to the tune of Bitcoin’s (BTC) recent price…