Month: July 2024

Solana Token Soars 350% After Messi and Ronaldinho’s Promotion

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On Monday, professional football player Lionel Messi promoted a Solana-based memecoin to his 504 million Instagram followers. The Argentine player shared a link to Watercoin (WATER), propelling the token by 350%. The crypto community has expressed concern about Messi’s endorsement of the project. Related Reading Global Football Stars Promote WATER Lionel Messi, one of the best players in football history, promoted a Solana project named Watercoin. The football player’s Instagram account shared an image of Messi with the project’s logo and a link to its Instagram page. Following the post,…

Bitcoin mining company TeraWulf pays off debt, eyes AI expansion

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Bitcoin mining company TeraWulf Inc. has repaid its remaining $77.5 million term loan ahead of schedule, eliminating all its outstanding debt.  This move grants the company greater financial flexibility to capitalize on the growing demand for energy infrastructure, particularly for powering generative AI technology. The company said on Tuesday that it plans to capitalize on generative AI to reduce funds and outflows. TeraWulf’s shares have more than doubled this year, bolstered by the rising demand for AI hosting. This success follows a trend with other Bitcoin miners, such as Core…

Nigeria’s Finance Minister Urges SEC to Tackle Challenges in Regulating Cryptocurrency

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The Nigerian Finance Minister, Wale Edun, has urged the newly inaugurated board of the country’s Securities and Exchange Commission (SEC) to address the complexities of regulating cryptocurrencies. He emphasized the need for stringent oversight to maintain market integrity in the capital market. Edun also highlighted the importance of staying informed and adaptable, especially in fast-evolving […] Source

Javascript Is Coming to Tezos X Blockchain

Tezos X announced the development of Jstz (pronounced “justice”), a Layer 2 rollup that will allow developers to use Javascript, a programming language used by nearly 23 million developers worldwide, on the blockchain. This move is aimed at scaling the utility of blockchain and attracting more developers to the space by removing the hefty barrier […] Source CryptoX Portal

It’s Not Germany Selling Bitcoin (BTC). It’s One of Its States and It Has No Choice.

In most cases, confiscated assets can only be transferred or sold with the proceeds going to the state budget once a judge rules that the state is allowed to do so, which isn’t the case in this particular situation. However, states can request to initiate an emergency sale, which could be issued if the asset’s value might quickly lose value or is difficult to store, for example, Ante explained. Source

Do BTC Bulls Have What It Takes?

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Based on the formation in the daily chart, Bitcoin is at a critical point, price-wise. As the battle between bulls and bears progresses, it is clear that sellers have the upper hand for now despite the recent price stability. BTC Prices At A Crucial Price Level: Will Bulls Take Over? As BTC bulls attempt to reverse losses posted last week, one analyst, citing technical candlestick formation and the reaction at the 200-day moving average, thinks how prices react for now will be consequential in the coming days. In a post…

MEV Has Spread to Bitcoin, in Subtler Forms Than on Ethereum

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We can, of course, see the same type of arbitrage with AMMs, albeit in a slightly different form. Suppose you heard about SHIB early and you wanted to buy some before it was available on a centralized exchange. Because it’s not on an exchange you called on an Ethereum-based AMM (SHIB was created on Ethereum as an ERC-20 token), and you clicked the buttons to make your purchase of SHIB tokens. When you make that order, it gets thrown into a big batch of proposed Ethereum transactions. Some of those…