Day: July 24, 2024

Fireblocks Introduces Self-Service Tools to Empower Blockchain Startups

Caroline Bishop Jul 24, 2024 19:39 Fireblocks launches a suite of self-service tools to help blockchain startups innovate quickly and securely. Q1 2024 marked a significant milestone for Web3 venture funding, with a 55% surge in total investments from VC funding for Web3 startups. Web3-related startups raised nearly $1.9 billion, according to Fireblocks. Fireblocks for Startups As Web3 startup funding surges, Fireblocks is already powering the next wave of innovation with its easy-to-implement technology and battle-tested security. Following a successful pilot, Fireblocks…

BlackRock Reigns With $260M Inflows, Grayscale Bleeds

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Nine spot Ethereum ETFs commenced trading on the US stock market on Tuesday, marking a pivotal moment for the crypto industry following the Securities and Exchange Commission’s (SEC) green light on Monday. Ethereum ETFs See $1B In Trading Volume On Debut James Seyffart, a senior ETF analyst at Bloomberg, described the Monday ETF launch as a “pretty big success,” according to a Fortune report. However, the initial enthusiasm was tempered by a stark comparison to Bitcoin’s ETF debut earlier this year, which garnered $655 million in inflows on its first…

Harris vs. Trump: Polls Show Tight Race as Betting and Prediction Markets Favor Trump

After Kamala Harris announced her candidacy for the U.S. presidency in the 2024 election, recent polls show she is performing competitively against Donald Trump in hypothetical matchups. However, betting markets suggest Trump is favored to win, with Polymarket odds giving Trump a 63% chance over Harris’s 34%. Trump Leads Betting Odds Despite Harris’s Competitive Poll […] Source CryptoX Portal

Bitcoin Shows Rare Buy Signal With 84% Win Rate, $80,000 Next?

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After rising by more than 28% over the 16 days, the Bitcoin price was rejected at key resistance at $68,500 on Sunday. Since then, the BTC price is displaying a slight pullback, but according to Charles Edwards, the founder of Capriole Investments, investors can expect the bullish momentum to continue. Edwards shared the chart below and stated via X, “BREAKING: Hash Ribbon buy signal just fired.” Bitcoin Hash Ribbon buy signal | Source: X @caprioleio Why The Bitcoin Hash Ribbons Matter This statement is significant, as the hash ribbons have…

Mt Gox Moves $2,470,000,000 Worth of Bitcoin (BTC) to Crypto Exchanges: On-Chain Data

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The bankrupt crypto exchange Mt Gox has been spotted moving billions of dollars worth of Bitcoin following the successful distribution of BTC to its creditors. On Tuesday, Dave Ripley, CEO of Kraken, which was selected to facilitate the transfer of coins back to creditors, announced that a successful distribution of BTC and Bitcoin Cash (BCH) had been completed. Shortly after, blockchain “de-anonymizing” platform Arkham spotted the movement of at least $2.47 billion worth of coins, much of which ended up in addresses linked to crypto exchange Bitstamp. Mt Gox still…

Mt. Gox Creditors Opt To HODL Bitcoin Rather Than Sell, CryptoQuant Data Shows

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Amid the recent recovery from a significant price correction of over 25% that sent the Bitcoin price to a 6-month low of $53,500, the largest cryptocurrency on the market has since recovered to trade in the $66,000 to $68,000 range despite the start of Mt. Gox creditor repayments.  Investors, buoyed by prospects of continued price appreciation, have adopted a HODL stance, opting to retain their assets rather than selling them off following the alleged hack suffered by the Bitcoin exchange in 2011. BTC Hodlers Stand Firm Data from market intelligence…

New L2 memecoin Pepe Unchained Raises $5M ahead of presale price increase

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Pepe Unchained is making waves, raising over $5M in its presale, with $1M just last week. Pepe Unchained (PEPU) might be the new kid on the block, but it’s already causing a stir. Currently within its presale phase, it has raised over $5 million so far. A staggering $1 million of that came in the last week. Today, investors can snag PEPU for $0.0086304. However, this price is expected…

The Evolving Efficiency of Bitcoin Markets

Low liquidity, regulatory uncertainty and speculative behavior contributes to inefficiency in crypto markets. But systematic approaches, including momentum indexes, can reduce risks to investors, says Gregory Mall, head of investment solutions at AMINA Bank. Source

Forget $10,000, Crypto Analyst Says Spot Ethereum ETFs Will Drive ETH To $14,000

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The long-awaited Ethereum ETFs have finally hit the market, marking a significant milestone for Ethereum and other altcoins. Industry experts and enthusiasts are looking at how the effects could play out on Ethereum’s price action in the coming months.  Renowned crypto analyst Doctor Profit has made a bold prediction. According to him, Ethereum’s value is set to break through the $10,000 barrier, with the potential to reach a peak of $14,000. The catalyst for this anticipated surge is none other than the Ethereum ETFs, which are expected to act as…