Month: July 2024

Golden Cross Appears On XRP Price Chart, Factors That Could Drive A Fresh Rally

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The XRP price has struggled despite scoring multiple partial victories against the United States Securities and Exchange Commission (SEC) over the last year. The initial surge was not enough to push it into the coveted $1 level. However, this has not deterred bulls, especially with bullish formations on the chart and multiple predictions that the XRP price is set to hit a new all-time high. XRP Price Flashes Golden Cross A pseudonymous crypto analyst who goes by @Nico369K on the X (formerly Twitter) platform has pointed out an interesting formation…

Kraken Completes Mt Gox Bitcoin and Bitcoin Cash Distribution to Creditors

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Crypto exchange Kraken has completed the distribution of bitcoin and bitcoin cash from the Mt. Gox estate to creditors, marking the end of a decade-long process. Kraken CEO David Ripley expressed gratitude for the Trustee’s efforts in preserving the coins’ value despite legal challenges. Kraken Distributes Mt. Gox Bitcoin and Bitcoin Cash to Creditors Cryptocurrency […] Original

Will PEPE Climb 30% This Week? This Analyst Thinks So

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Traders are becoming drawn to the meme-inspired crypto PEPE, after a technical study by the famous crypto expert World Of Charts shows it has some surprises under its sleeves. As shown on X, PEPE is forming a positive pennant, which is a common technical sign for big price increases. According to World of Charts, the price of the meme coin could go up by 25 to 30%. Related Reading Converging trendlines following a significant price gain, commonly called the flagpole, constitute the bullish pennant, which often indicates a halt before…

US Senator plans to announce legislation for Strategic Bitcoin Reserve at Bitcoin 2024 

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Sen. Cynthia Lummis of Wyoming is poised to announce legislation that could establish Bitcoin as a mainstream financial asset in the United States. At the upcoming Bitcoin 2024 conference in Nashville, Tennessee, where former President Donald Trump is also set to speak, Lummis aims to announce a bill requiring the Federal Reserve to hold Bitcoin (BTC) as a strategic reserve asset.  If successful, this move would mark a significant shift in U.S. monetary policy, aligning Bitcoin with traditional reserves like gold and foreign currencies. The bill’s details remain under wraps,…

Riot acquisition price of Block Mining is ‘justified,’ improves its hash rate

Analysts from H.C. Wainwright claim that Riot’s acquisition of Block Mining is a great move for the company and its hash rate. Riot Platforms, Inc. has significantly enhanced its growth and operational capacity by acquiring Kentucky-based Block Mining, Inc. for $92.5 million. The acquisition consists of $18.5 million in cash and $74 million in Riot common stock, with an additional earn-out consideration of up to $32.5 million contingent on achieving specific milestones.  “With a combined 60 MW of existing developed capacity, and a pipeline to rapidly scale to over 300…

Fireblocks Introduces Self-Service Tools to Empower Blockchain Startups

Caroline Bishop Jul 24, 2024 19:39 Fireblocks launches a suite of self-service tools to help blockchain startups innovate quickly and securely. Q1 2024 marked a significant milestone for Web3 venture funding, with a 55% surge in total investments from VC funding for Web3 startups. Web3-related startups raised nearly $1.9 billion, according to Fireblocks. Fireblocks for Startups As Web3 startup funding surges, Fireblocks is already powering the next wave of innovation with its easy-to-implement technology and battle-tested security. Following a successful pilot, Fireblocks…

BlackRock Reigns With $260M Inflows, Grayscale Bleeds

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Nine spot Ethereum ETFs commenced trading on the US stock market on Tuesday, marking a pivotal moment for the crypto industry following the Securities and Exchange Commission’s (SEC) green light on Monday. Ethereum ETFs See $1B In Trading Volume On Debut James Seyffart, a senior ETF analyst at Bloomberg, described the Monday ETF launch as a “pretty big success,” according to a Fortune report. However, the initial enthusiasm was tempered by a stark comparison to Bitcoin’s ETF debut earlier this year, which garnered $655 million in inflows on its first…