Lightning Labs, an institution dedicated to research and development related to the Lightning Network, Bitcoin’s second layer, has announced the rollout of Taproot Assets. This solution allows for issuing multiple tokens on top of it. The institution aims to capitalize on the popularity and volume of stablecoins to establish bitcoin as the global routing currency. […] Source CryptoX Portal
In a recent presentation, Linda P. Jones, a former Wall Street financial expert and author of the bestseller “3 Steps to Quantum Wealth: The Wealth Heiress’ Guide to Financial Freedom by Investing in Cryptocurrencies,” detailed her bullish outlook for Ripple, leveraging a valuation comparison with Coinbase and the potential of XRP. Why Ripple Could Be Massively Undervalued Jones began by noting Ripple’s present valuation on the Linqto investment platform at $7.5 billion—a stark contrast to its 2020 and 2022 valuations of $10 billion and $15 billion respectively. These figures were…
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Since testing the 50-day simple moving average support near $63,500, the leading cryptocurrency has bounced sharply to breach $67,000, CoinDesk data show, and is closing on a resistance line identified by the trendline connecting March and April highs. The so-called descending trendline proved a tough nut to crack on Monday – as well as when it last came into focus in May – becoming a level to beat for the bulls. Source
Japan’s SBI Holdings plans to create a new investment management company in collaboration with major U.S. asset manager Franklin Templeton by the end of the year. This joint venture will focus on managing digital assets. The new entity will be 51% owned by SBI Holdings and 49% by Franklin Templeton. This move aligns with the […] Source CryptoX Portal
Recent events have brought Solana (SOL) to the spotlight, drawing in both experts and investors due to its notable price gain. According to market expert Ali Martinez, the price of Solana is likely to see a remarkable growth of 900%, which will ultimately result in the price reaching $1,630. Related Reading Based on his prognosis, Solana might be about to perform better in the coming weeks or months. This is because it has recently displayed a pattern called a “bull pennant”, which in technical lingo usually means the price is…
Outflows from the Grayscale Bitcoin Trust (GBTC), the world’s largest bitcoin fund at the time, which converted from a closed-end structure into an ETF that allowed redemptions for the first time in 10 years, weighed on bitcoin’s price over the first weeks. Later, inflows to rival funds overcame the negative trend, propelling BTC to an all-time high in March. Original
Altcoins SATS, Aave, Monero, and ORDI have all surged over 10% over the past day to rank as the top gainers in the crypto market, as Bitcoin, the leading cryptocurrency by market cap, jumped over 4% in the same timeframe. SATS SATS (1000SATS) led the charge among the top gainers on July 26. At the time of writing, the crypto asset was still up 18.5% in the last 24 hours, trading at $0.00033. SATS’s daily trading volume was also up 18.4%, hovering around $202.6 million. 1000SATS 24-hour price chart |…
Japanese financial giant SBI Group is teaming up with Franklin Templeton to prepare for a possible approval of crypto funds in Japan. Japanese financial giant SBI Group is teaming up with U.S. asset manager Franklin Templeton in anticipation of potential approval for crypto funds in Japan, aiming to introduce spot Bitcoin exchange-traded funds to the Japanese market, Nikkei Asia has learned, citing sources familiar with the matter. In the joint venture, SBI Group will hold a 51% stake, while Franklin Templeton will own the remaining part. While spot Bitcoin ETFs…
Former President Donald Trump has successfully raised over $4 million in cryptocurrency for his presidential campaign. According to recent Federal Election Commission filings and a report by CNBC, the crypto political donations have come in the form of Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and the U.S. dollar-pegged stablecoin USDC. Some donations have come in the form of memecoins. Trump’s campaign has quickly converted these crypto contributions into the more stable USDC, with some funds held for strategic purposes. The “Trump 47” joint fundraising committee, active from April 1 to…