Day: July 10, 2024

Ethereum Rising, 2 Million Addresses Will Be In Money If $3,200 Is Broken

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Ethereum, mirroring the performance of Bitcoin and other top altcoins, is back above $3,000, days after the fall below $2,800. As the second most valuable coin recovers, injecting optimism among crashed token holders and traders, a close above $3,200 will be crucial in catalyzing demand. Ethereum Rising: Will Bulls Push Above $3,200? According to IntoTheBlock on July 10, if Ethereum edges above the $3,200 level, it will be a massive development for traders. When this happens, an estimated two million entities who traded ETH at this price point will be…

Tech Coalition Urges Biden to Lead on Cryptocurrency Regulation

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In a recent letter to U.S. President Joe Biden, the Chamber of Progress, a tech industry coalition, called for comprehensive cryptocurrency regulation. The group emphasized the importance of a clear regulatory framework for digital assets, highlighting the potential benefits for both investors and the U.S. economy. Chamber of Progress to Biden: Seize Opportunity for Comprehensive […] Source

Goldman Sachs to launch three tokenization projects

Goldman Sachs is set to launch three tokenization projects targeting institutional clients, focusing on permissioned networks and private blockchains due to regulatory concerns. Goldman Sachs is gearing up to introduce three significant tokenization projects by year-end as part of its strategic expansion into digital assets. While its peers, like BlackRock and Franklin Templeton, have already entered the world of tokenization, Goldman Sachs is primarily focused on using permissioned networks due to regulatory concerns. Mathew McDermott, the banking institution’s global head of digital assets, announced the initiatives, emphasizing their focus on…

Side-Dealing Accusations Put Crypto VC Funding in Spotlight

SIDE DEAL? Two months ago, the blockchain-development world was rocked by the news that Neel Somani, founder of the uber-modular blockchain project Eclipse, was stepping aside from his role in response to sexual misconduct allegations. Now, there’s fresh accusations surrounding the project’s fundraising. Crypto venture capital giant Polychain has accused Niraj Pant, a former general partner at the fund, of making a backroom deal with Eclipse that broke the fund’s policies, a scoop by CoinDesk’s Sam Kessler. According to three sources close to the situation and internal Eclipse documents reviewed…

Floki Inu To Build Schools In India, FLOKI Price Seen Hitting $17

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Shiba Inu-inspired meme currency Floki Inu (FLOKI) is tailing back into crypto prominence. Rising price, creative ideas, and a charitable inclination are driving FLOKI’s comeback in popularity following a fairly quiet time. But you should be aware of the possibilities and drawbacks of this meme-tastic asset before you let your inner puppy investor loose. Related Reading From Burj Khalifa Billboards To Building Schools: Floki Inu’s Tail Wags Charity Unlike most meme currencies depending just on viral trends and celebrity tweets, Floki Inu shows a more deliberate approach. Unconventional marketing initiatives…

Glassnode Report Says Bitcoin Market Structure Remains Strong Amid Steep Decline

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Bitcoin has experienced its steepest decline in the current cycle, trading over 26% below its all-time high (ATH), according to onchain analysis firm Glassnode. This contraction has significantly affected short-term holders, with over 2.8 million BTC now below their acquisition price. Bitcoin Market Faces Significant Drawdown, Glassnode Reports Despite the notable downturn, Glassnode’s latest analysis […] Original

Bitcoin whales on accumulation spree

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Bitcoin trading below $60,000 has incentivized whales to stockpile the cryptocurrency in hopes of higher prices. CryptoQuant analysts reported that Bitcoin (BTC) whales and long-term holders increased their balances at a 6.3% monthly rate, indicating more demand for the cryptocurrency despite a market decline. BTC is more than 21% below its peak price of $73,373, seen in March, and smart money is capitalizing on lower prices. BTC accumulation spree | Source: CryptoQuant According to the blockchain analytics firm, it’s the fastest accumulation spree since April 2023, when Bitcoin traded around…

Leveraging CESR Benchmarks for Competitive Advantage

The CESR benchmark offers a tool for operators to measure and enhance their performance within the Ethereum ecosystem. By leveraging CESR alongside operational metrics like Rated RAVER, operators can achieve greater transparency, trust, and efficiency. As the Ethereum network continues to evolve, these benchmarks will play an increasingly vital role in guiding and evaluating validator success. CESR will continue to be used by market participants, validators and financial institutions worldwide when engaging in products that reference Ethereum as the first bedrock financial rate of return for the Internet. Source

How BlackRock and Other Financial Giants Could Outpace Crypto with Tokenized Assets

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