Day: July 23, 2024

Bulls Pummel The Bears with a 10% Uptick This Week

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Crypto gaming is making a comeback with Immutable leading the charge. This led IMX, the native token of the platform, to give strong bullish signals, giving investors and traders a substantial 10% uptick since last week.  Related Reading The move was supported by an increase in activity within the Immutable network itself, with more than enough game announcements since last week. Hype aside, Immutable is currently solidifying its position within the crypto gaming industry.  Major News For The Crypto Gaming Industry  Immutable’s platform for the crypto gaming industry has been…

Indian Crypto Exchange WazirX Increases Bounty for White Hat Hackers to $23,000,000

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India-based crypto exchange WazirX is increasing a reward offer in hopes of recovering the $230 million that hackers stole from the platform. In a new announcement, WazirX says they are increasing the reward to 10% of the stolen funds, or $23 million. “We invite white hat hackers, blockchain forensics experts and cybersecurity professionals from around the world to join this critical mission and protect the integrity of the crypto ecosystem. For more details on how you can assist in the recovery, please visit our updated blog post.” White hat is…

Ethereum Market Stagnation Marks Tepid Trading Day Despite ETF Launch

Ethereum’s price exhibited volatility on Tuesday, coinciding with the launch of U.S. spot ether exchange-traded funds (ETFs) on Wall Street. At around 5 a.m. EDT, ETH surged to an intraday high of $3,540 per coin but later dropped to approximately $3,406 by 12:55 p.m. in the afternoon. Ether’s Bearish Sentiment Dominates Trading Day Amid ETF […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Mt. Gox creditors report Bitcoin balances on Kraken

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Kraken has started distributing Bitcoin received from the Mt. Gox Trustee on July 16. Creditors of the defunct Bitcoin (BTC) exchange Mt. Gox reported seeing crypto balances on the Kraken platform, as impacted users saw relief 10 years after a historical hack. The news was confirmed on Reddit via a subreddit called “mtgoxinsolvency.” Several users believed to be Mt. Gox claimants were seen verifying the update. Some also reported receiving Bitcoin Cash (BCH) tokens.  Per crypto.news, Kraken had promised to disburse funds to creditors within seven to 14 days. This came…

Crypto Analyst Predicts Breakout To $0.22

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Crypto Analyst World of Charts has highlighted a bullish pattern that could send the Dogecoin (DOGE) price to new highs. The analyst predicted that the foremost meme coin could rise to $0.22 when this move occurs.  How Dogecoin Will Rise To $0.22 World of Charts mentioned in an X (formerly Twitter) post that Dogecoin is approaching a falling wedge resistance. If it breaks out, the meme coin could enjoy a 66% price move and rise to $0.22, based on the chart he shared. Interestingly, the analyst added that Dogecoin could…

Pantera Capital Highlights Political Shift Towards Blockchain

Lawrence Jengar Jul 23, 2024 17:45 Pantera Capital discusses the significant shift in U.S. government stance towards blockchain, highlighting key regulatory changes and political endorsements. Political Shift Towards Blockchain Pantera Capital has highlighted a notable shift in the U.S. government’s stance towards blockchain technology and cryptocurrencies. This change is evidenced by recent comments from former President Donald Trump and other significant regulatory developments. According to Pantera Capital, several parts of the U.S. government have historically been antagonistic towards blockchain. However, sentiments appear…

The Critical Role of Market Making in Decentralized Exchanges – a Deep Dive With CLS Global

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In the rapidly evolving cryptocurrency landscape, market makers play an increasingly vital role, particularly in the realm of DEXs (decentralized exchanges). As the industry shifts towards more decentralized models, the importance of efficient market-making strategies has become paramount. The evolution of cryptocurrency exchanges The cryptocurrency market has witnessed a significant transformation in recent years. While centralized exchanges initially dominated the space, the growing demand for platforms aligning with the core principles of decentralization led to the emergence of DEXs. These platforms offer users the ability to trade directly from their…

Ethereum Price Stays Flat Despite Today’s ETF Debut: Here’s Why

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In a day marked by the launch of the long-anticipated spot Ethereum (ETH) Exchange-Traded Fund (ETF) in the United States, the market’s response has been unexpectedly subdued. Analysts from Singapore-based crypto asset trading firm QCP Capital have shed light on the reasons behind this muted reaction, blaming the situation on previous market behaviors and other news from the broader market. Why The Ethereum Price Is Not Skyrocketing In their investor note, QCP Capital points out that the market may be adhering to a “buy the hype, sell the news” pattern,…