Month: July 2024

KangaMoon shines as Bitcoin Cash struggles, NEAR Protocol soars

boss

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. KangaMoon surges 20x post-listing on BitMart and Uniswap, Bitcoin Cash sees a 39% drop, while NEAR Protocol anticipates a 230.07% rise by August 2024. New and creative ideas are arising as the crypto market develops and grabs the interest of both investors and aficionados. Originally expected to generate 100x returns in 2024, KangaMoon has already made over 20x gains after being listed on BitMart and Uniswap, paying early investors…

UN Development Programme Partners With Dfinity Foundation to Boost MSME Inclusion

The United Nations Development Programme (UNDP) has announced a partnership with the Dfinity Foundation to enhance its Universal Trusted Credentials (UTC) initiative. The collaboration aims to improve financial inclusion for micro, small and medium enterprises (MSME) globally using blockchain technology. UN Project Explores Digital Identity Solutions for MSME Financing The partnership will focus on developing […] Source CryptoX Portal

Analyst Says Bitcoin Is Hitting Range Bottom, “Right Before The Fireworks”

boss

Crypto analyst Quinten François has provided an ultra-bullish narrative for the Bitcoin future trajectory. The analyst suggested that things are about to get interesting for the flagship crypto, predicting it could rise to as high as $4.5 million.  The “Fireworks” Are Just About To Begin For Bitcoin While highlighting the significance of Bitcoin’s fourth halving, Quinten claimed that the “fireworks” were just about to begin for Bitcoin. The crypto analyst remarked that BTC was currently at the bottom of the range of a growth pattern, which it could enjoy if this…

Bitcoin (BTC) Price Bottom Is Near as Miners Capitulating Near FTX Implosion Level: CryptoQuant

boss

Two signs of miner capitulation are dwindling hashrate and mining revenue by hash (hashprice), both of which are down significantly this month, with hash rate plunging by 7.7% since the halving at hashprice nearing all-time lows. Hashrate is the mining power in the Bitcoin network, and hash price refers to the revenue miners earn from a unit of hashrate. Original

The Case for Crypto Index Funds

There are already more than a dozen crypto index funds marketed to investors, ranging from $1 million to several hundred million dollars in assets under management. Here’s why they make sense to investors, says Adam Guren of Hunting Hill. Source

Insurance Is the Silent DeFi Guardian

There is a long history of insurers helping to reduce industrial risks, from cars to buildings. They can play a similar role now in DeFi, where a lack of regulation stifles growth, says Q Rasi, co-founder of Lindy Labs. Source

These countries have Bitcoin worth billions… and are selling up

boss

The U.S. has a long history of selling Bitcoin — with incredibly bad timing. It might have ended up losing out on billions of dollars as a result. It’s weird to think that — until very recently anyway — the U.S. government owned more Bitcoin than MicroStrategy. According to Arkham Intelligence, a slew of confiscations after criminal crackdowns means Uncle Sam is now sitting on an impressive stockpile of 213,543 BTC… that’s more than 1% of the total supply. MicroStrategy, which began aggressively adding the world’s biggest cryptocurrency to its…