Day: August 4, 2024

Latam Insights: El Salvador Proposes Using Crypto for International Settlements; First Bitcoin-Funded Company Registered in Argentina

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Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: El Salvador proposes using crypto as a tool to complete international settlements with Russia, Argentina registers its first bitcoin-funded company, and the Polymarket Venezuelan presidential election bet is still undecided. Russian Diplomat: El […] Original

Rollblock, Dogecoin volumes soar; Shiba Inu fails to regain investor interest

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Trump’s Bitcoin support was expected to boost crypto, but only Dogecoin and Rollblock are trending while Shiba Inu struggles. Trump’s recent support for Bitcoin was expected to trigger a bullish run across the crypto market. However, current market trends show that investors have only been focused on assets like Dogecoin (DOGE) and Rollblock (RBLK) this week. Meanwhile, memecoin Shiba Inu (SHIB) is struggling to gain traction.   Is Dogecoin about…

Nearly 10% Value Erased In Market Shake-Up

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Binance Coin (BNB) succumbs to bearish pressure alongside other altcoins in the market. According to the latest market data, the token is down nearly 10% since last week representing a big slash in value for investors in the long-term. The huge drop is due to the current underperforming market after the major cryptocurrencies slipped with Bitcoin and Ethereum by almost 10% respectively.  Despite the recent regulatory turmoil between the Securities and Exchange Commission and Binance, BNB still shows some strength as it maintains its top four spot, topping SOL and…

ZKX Shutdown: Amber Group Slams the Protocol’s Lack of Transparency

Amber Group has criticized ZKX protocol’s abrupt decision to cease operations, stating that it sets a concerning precedent. Hashkey Capital, another market participant, has also expressed dissatisfaction with ZKX’s lack of transparency and accountability. ZKX founder Eduard Jubany Tur identified limited user engagement and low trading volumes as factors that ultimately impacted the protocol’s financial […] Source CryptoX Portal

Crypto Market Liquidations Top $197 Million As Bitcoin Price Plunges Below $60,000

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Bitcoin can’t seem to leave the $60,000 price level as it continues to trade in uncertainty. On Saturday, August 3, the cryptocurrency experienced another sharp decline, briefly dipping below the $60,000 mark. Although this drop lasted only a few minutes, it was quite significant, especially given that Bitcoin had traded above $62,000 earlier the same day. This fluctuation has notably impacted market participants, leading to the liquidation of numerous long positions. Related Reading At the time of writing, over $197 million worth of leveraged positions have been liquidated in the…

VC firm Paradigm taps Facebook, Instagram vet David Swain

Crypto venture capital firm Paradigm has appointed David Swain as its new chief marketing officer. Swain previously worked as head of global communications at Instagram and senior director of technology communications at Facebook. He also served as vice president of global partnerships at the social fitness app Strava. According to a report from The Block, Swain was enthused to join Paradigm, citing his extensive experience in the tech sector and his belief in the transformative potential of cryptocurrency. The report further stated that Alana Palmedo, Paradigm’s managing partner and chief…

Filecoin (FIL) Portfolios Stay Red With 18% Weekly Losses

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Filecoin remains beaten up by the current market’s heavy volatility as it continues pointing downwards. According to the latest market data, FIL plummeted by 18% since last week, representing a significant slash in value.  Investors remain shaken by the current market losses of the token. However, several developments might repair the lost trust in the token, but it remains to be seen what impact they might have on the future performance of FIL. Related Reading A Series Of Wins For Filecoin Despite having a bad start in August, the ecosystem…

Tokenization of the music industry with music NFTs

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. “Party Like It’s 1999,” sang Prince Rogers Nelson, because on June 1, 1999, a new computer software service would forever change how music was distributed, consumed, and even written. Napster was a peer-to-peer file-sharing service that quickly gained popularity among music fans—since its launch in May 1999, it had gathered over 20 million users by March 2000—looking for a way to share and download music online for…