Month: July 2024

Mt. Gox creditors report Bitcoin balances on Kraken

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Kraken has started distributing Bitcoin received from the Mt. Gox Trustee on July 16. Creditors of the defunct Bitcoin (BTC) exchange Mt. Gox reported seeing crypto balances on the Kraken platform, as impacted users saw relief 10 years after a historical hack. The news was confirmed on Reddit via a subreddit called “mtgoxinsolvency.” Several users believed to be Mt. Gox claimants were seen verifying the update. Some also reported receiving Bitcoin Cash (BCH) tokens.  Per crypto.news, Kraken had promised to disburse funds to creditors within seven to 14 days. This came…

Crypto Analyst Predicts Breakout To $0.22

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Crypto Analyst World of Charts has highlighted a bullish pattern that could send the Dogecoin (DOGE) price to new highs. The analyst predicted that the foremost meme coin could rise to $0.22 when this move occurs.  How Dogecoin Will Rise To $0.22 World of Charts mentioned in an X (formerly Twitter) post that Dogecoin is approaching a falling wedge resistance. If it breaks out, the meme coin could enjoy a 66% price move and rise to $0.22, based on the chart he shared. Interestingly, the analyst added that Dogecoin could…

Pantera Capital Highlights Political Shift Towards Blockchain

Lawrence Jengar Jul 23, 2024 17:45 Pantera Capital discusses the significant shift in U.S. government stance towards blockchain, highlighting key regulatory changes and political endorsements. Political Shift Towards Blockchain Pantera Capital has highlighted a notable shift in the U.S. government’s stance towards blockchain technology and cryptocurrencies. This change is evidenced by recent comments from former President Donald Trump and other significant regulatory developments. According to Pantera Capital, several parts of the U.S. government have historically been antagonistic towards blockchain. However, sentiments appear…

The Critical Role of Market Making in Decentralized Exchanges – a Deep Dive With CLS Global

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In the rapidly evolving cryptocurrency landscape, market makers play an increasingly vital role, particularly in the realm of DEXs (decentralized exchanges). As the industry shifts towards more decentralized models, the importance of efficient market-making strategies has become paramount. The evolution of cryptocurrency exchanges The cryptocurrency market has witnessed a significant transformation in recent years. While centralized exchanges initially dominated the space, the growing demand for platforms aligning with the core principles of decentralization led to the emergence of DEXs. These platforms offer users the ability to trade directly from their…

Ethereum Price Stays Flat Despite Today’s ETF Debut: Here’s Why

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In a day marked by the launch of the long-anticipated spot Ethereum (ETH) Exchange-Traded Fund (ETF) in the United States, the market’s response has been unexpectedly subdued. Analysts from Singapore-based crypto asset trading firm QCP Capital have shed light on the reasons behind this muted reaction, blaming the situation on previous market behaviors and other news from the broader market. Why The Ethereum Price Is Not Skyrocketing In their investor note, QCP Capital points out that the market may be adhering to a “buy the hype, sell the news” pattern,…

Ethereum ETFs Witness Stellar Start As Trading Soars; Analyst Sees ETH’s Price Reaching $8,000 In Q4

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Ethereum ETFs (exchange-traded funds) began trading on Tuesday, generating significant volume within the first 2 hours of trading. Interestingly, the Ethereum ETFs ranked among the top 1% regarding ETF volume.  Related Reading Ethereum ETFs Surpass Traditional Launch Volumes According to Bloomberg ETF expert Eric Balchunas, the ETH ETFs traded $361 million in the first 90 minutes on launch day, surpassing the typical volume seen at the launch of traditional ETFs. Blachunas said: Here’s where we at after 90 minutes. $361m total. As a group that number would rank them about…