Month: July 2024

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

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Crypto Analyst Says Bitcoin Could Reach $100,000, But What About Altcoins?

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A crypto analyst has predicted that Bitcoin (BTC) will surge to $100,000 in a few years. At the same time, he has expressed skepticism about the potential for altcoins to embark on a similar bullish trajectory to new highs.   Bitcoin Anticipated To Hit $100,000 In an X (formerly Twitter) post on June 8, a crypto analyst identified as ‘DonAlt,’ disclosed that he was more pessimistic on altcoins than Bitcoin, the world’s largest cryptocurrency. DonAlt believes that Bitcoin could witness a mega rally, pushing its price to trade at $100,000 in…

Litecoin (LTC) Whales Boost Exchange Inflows amid Price Decline

CoinspeakerLitecoin (LTC) Whales Boost Exchange Inflows amid Price Decline In the past week, there has been a notable increase in the movement of Litecoin (LTC) coins held by large investors to cryptocurrency exchanges. This uptick coincides with LTC’s declining value. The cryptocurrency is currently trading at a 15% loss over the past seven days. Large holders seem to be taking action to mitigate potential further losses amid these market conditions. Rising Selling Pressure from LTC Whales On-chain data indicates a sharp rise of over 464% in large holders’ netflow to…