Day: July 26, 2024

WienerAI presale enters final days after securing $8M in funding

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. WienerAI, the AI-driven memecoin, enters its final presale phase with $8M raised, showcasing strong interest and confidence. The cryptocurrency world is buzzing with excitement as WienerAI (WAI), the unique memecoin with an AI trading bot, enters the final phase of its presale. WienerAI’s presale has already raised an impressive $8 million, demonstrating immense interest and confidence in this innovative project. With only five days remaining, now could be the…

Michigan adds $6.6m in Bitcoin ETFs to pension fund

boss

The State of Michigan Retirement System has invested $6.6 million in ARK 21Shares’ ARKB spot Bitcoin exchange-traded fund. The ETF investment, disclosed in a 13-F form filed with the SEC, represents a small fraction — 0.004% — of the state’s substantial $143.9 billion pension fund. Michigan’s decision reflects a broader trend of institutional adoption of Bitcoin (BTC), following the lead of other states. The State of Wisconsin Investment Board recently reported a $99 million Bitcoin investment through BlackRock’s IBIT ETF. Another state pension fund has added Bitcoin to its portfolio.…

US Bitcoin ETFs Report $31.16M Inflows on Thursday

boss

Based on Thursday’s data, the 11 U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day of net inflows following Wednesday’s increases. Statistics indicate that $31.16 million was absorbed primarily by Blackrock’s IBIT, although the amount would have been higher if not for the reduction seen by Grayscale’s GBTC. Bitcoin ETF Market Prints $59B Total Value […] Original

Bitcoin Layer 2 Rootstock Verifies Zero-Knowledge SNARK

boss

“The development represents a major leap forward for the BitVMX proving system, demonstrating the ability to challenge and validate the execution of a SNARK verifier on-chain,” Rootstock’s team said in an emailed statement on Thursday. “This breakthrough opens the door for replicating this process with any program compiled to the RISC-V architecture, utilizing BitVMX’s general-purpose virtual CPU.” Original

VanEck CEO says Bitcoin accounts for ‘way over 30%’ of his portfolio

boss

Jan van Eck, the chief executive officer of investment management firm VanEck, has reiterated his bullish stance on Bitcoin by declaring at Bitcoin 2024 that ‘way over 30%’ of his portfolio is in Bitcoin. The VanEck CEO stated that he views Bitcoin (BTC) as an evolving asset class, likening its current stage to the “teenage stage.” According to van Eck, BTC has yet to attract many investor classes, but he thinks it is only a matter of time before they join. Emphasizing his bullish view of the benchmark asset, van…

Disney Officially Enters Metaverse Market Through Carrieverse

PRESS RELEASE. In a monumental development for the digital entertainment landscape, Carrieverse is thrilled to announce its new content licensing agreement with the Walt Disney Company Korea, LLC. This landmark partnership marks Disney’s official entry into the Web3 space, integrating its iconic characters and stories into the Carrieverse metaverse. Disney Reveals Metaverse Partner As a […] Source CryptoX Portal

Toncoin Under Pressure As TON Price Falls Below 100-Day SMA, $6 Looms

boss

Toncoin (TON) has recently seen a notable price decline, dropping below its 100-day Simple Moving Average (SMA). This breach of a critical technical indicator has placed the digital asset under bearish pressure, raising concerns among investors and traders. With the $6 mark now looming as a potential target, there is market speculation about whether the price will continue to decline or if a possible recovery could occur. This article aims to inform readers about the potential implications of Toncoin’s recent technical breach by providing an in-depth analysis of its market…

Switzerland’s FINMA Publishes Guidance on Stablecoins to Address Risks on Default Guarantees Issued by Banks

FINMA’s guidance, which builds on an initial note from 2019, sets out a number of requirements to ensure adequate protection. Customers must have their own claim against the guarantee-providing bank, and the guarantee must cover the full amount of deposits and interest. In addition, the bank must ensure that the deposits it receives don’t surpass the cover provided by the guarantee. Source

Bitcoin and crypto regulation must be bipartisan

boss

In a recent discussion on CNBC’s Squawk Box, Anthony Scaramucci, founder of SkyBridge Capital, emphasized the importance of bipartisan support for Bitcoin and crypto regulation. Scaramucci highlighted the urgency of bipartisan cooperation in shaping crypto policies. “We need to make Bitcoin and the regulation around blockchain and cryptocurrency bipartisan,” he said. He and prominent figures like Mark Cuban and Michael Novogratz have been in discussions with White House officials to convey the risks associated with what he termed as the “Gary Gensler, Elizabeth Warren, anti-crypto approach.” The SkyBridge Capital founder…