Month: July 2024

Institutional Investors Pour $1.44 Billion Into Crypto In One Week

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Crypto investment products have experienced another week of inflows to build upon inflows witnessed in the prior week. According to data from CoinShares, digital asset investment products recorded $1.44 billion worth of inflows last week, which is a further indication of the return of bullish momentum into the crypto industry. This brings the total inflow to $1.881 billion over a two-week period after three consecutive weeks of outflows. With last week’s numbers, the total value of inflows into crypto investment funds this year now stands at a record $17.8 billion.…

The Bitcoiner now running as Trump’s vice president

JD Vance has held Bitcoin for years, criticized Gary Gensler and the SEC, and pushed for pro-crypto policies. In November, he could be a heartbeat away from the presidency. After a shocking assassination attempt on Saturday, a defiant Donald Trump has returned to the campaign trail — and was pictured with a bandaged ear while attending the Republican National Convention in Wisconsin. Now formally nominated as the party’s nominee in November’s presidential election, his first order of business was to select a running mate. Trump duly announced that Ohio senator…

Jack Dorsey’s Bitcoin wallet Bitkey partners MoonPay

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Bitkey and MoonPay are teaming up to simplify Bitcoin purchases using traditional web2 channels.  Block, Jack Dorsey’s fintech startup, and payment provider MoonPay have teamed up to enable easier Bitcoin (BTC) purchases via traditional methods such as bank cards, Google Pay, PayPal, and more. On Tuesday, both entities announced that Block’s BTC hardware wallet Bitkey will onboard MoonPay infrastructure to unlock this feature for financial participants. MoonPay’s existing KYC-registered user base with stored payment methods will facilitate smoother fiat-to-crypto onramps. Later this year, Bitkey plans to launch “MoonPay sell,” enabling crypto-to-fiat…

Understanding Layer 3s (L3s): The Next Evolution in Blockchain Scaling

Peter Zhang Jul 16, 2024 15:11 Layer 3s (L3s) represent a new frontier in blockchain technology, offering cost-effective, customizable solutions for developers to build on existing Layer 2 (L2) infrastructure. Layer 3s (L3s) are emerging as a significant development in the blockchain ecosystem, according to paragraph_xyz. These new layers offer developers the ability to create customized, cost-efficient applications that settle on existing Layer 2 (L2) infrastructures, thereby enhancing the scalability and efficiency of blockchain networks. What are Layer 3s (L3s)? L3s can…

Dogecoin Set For Heightened Downtrend After A Rejection At $0.1293

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Popular meme coin, Dogecoin, recently faced a rejection at a significant resistance level of $0.1293. This setback has led the crypto asset to start a fresh downward move towards its previous low of $0.0914. Since DOGE failed to break past the $0.1293 barrier, this has led to speculations among market participants about the next move of the digital asset. In this article, we will examine the post-rejection price actions of DOGE with the help of technical indicators to determine what this rejection could mean for the crypto asset in the…