In a market with divergent projections, the Render token warms up to analysts and crypto believers. At a present value of $4.80, cryptocurrency researcher Crypto Patel has predicted Render is going to skyrocket over 990% to as high as $50. This could happen despite the token having plunged 75% from its peak. Related Reading Conversely, Crypto Alex found Render charts contained a bullish inverse head-and-shoulders pattern that could trigger a significant rally once sellers lose momentum. With these two diverging views, Render is at a junction, making its future interesting.…
Day: August 14, 2024
Digital Assets Infrastructure Provider Parfin Raises $10M in Series A Funding
Rayls, launched in June 2024, is an EVM blockchain system that unifies permissioned and public blockchains focused on enterprise-grade solutions. The product is aimed at initiatives such as financial instrument tokenization projects, the development of central bank digital currencies (CBDCs), and intra-institution transactions. Source
Ethereum-Based Swell Imports Wrapped Bitcoin to Serve as Liquid Restaking Token
“Swell’s roots are in Ethereum. But we are bullish on restaking across the blockchain ecosystem,” Swell founder Daniel Dizon said in the announcement. “That’s why we’ve launched a liquid restaking token for Bitcoin that will… help up to $1 trillion of bitcoin liquidity start flowing into DeFi.” Original
1000X Your Wealth With Pepe Unchained (PEPU) and Mpeppe (MPEPE)
The cryptocurrency market is no stranger to stories of immense wealth creation, where a small investment can turn into a life-changing fortune. As 2024 unfolds, two meme coins are capturing the imagination of investors with the potential to 1000X their wealth: Pepe Unchained (PEPU) and Mpeppe (MPEPE). These two tokens are not just riding the wave of meme culture; they are also leveraging unique technologies and strategies that set them apart from the crowded field. Here’s why Pepe Unchained (PEPU) and Mpeppe (MPEPE) might be the keys to multiplying your…
Bitcoin Price (BTC) Rose 1.0% While Ether Price (ETH) Gained 1.8% to Help Push CoinDesk 20 Index Higher
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…
Thailand’s PM Ouster is Unlikely to Impact Crypto Policies, Experts Opine
Sanjay Popli, Chief Executive Officer of Cryptomind Advisory and the co-Founder of Cryptomind said “It’s unlikely that the new Prime Minister will have significantly different views on cryptocurrency, given that the ruling party, Pheu Thai, remains in power.” Source
Bitcoin Price Set To Surge With $2.5 Billion Stablecoin Inflows
An influx of $2.5 billion in stablecoins is anticipated to potentially drive a significant surge in the Bitcoin price, as detailed in a new report by Markus Thielen, a market researcher at 10x Research. Bitcoin Price Boost Is Incoming In his latest research note, Thielen explains the critical importance of monitoring and analyzing crypto money flows, which provide crucial insights into market conditions that can either accelerate or inhibit Bitcoin’s price movements. “Traders are often caught off guard by price crashes, overlooking the critical signals these flows offer. However, the…
Sahara AI, Blockchain Project Tackling Copyright and Privacy, Raises $43M
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…
$67M Shifted—August Sees Tepid Activity in Dormant Bitcoin Wallet Movements
Between Aug. 1 and Aug. 14, more than 1,109 BTC, worth around $67 million, moved from long-dormant bitcoin wallets that had been inactive for years. The bulk of this activity came from 17 distinct wallets, all originating in 2017, making this the largest movement of previously idle bitcoin from any single year of origin shifted […] Original
Bitcoin Price (BTC) Continues Higher Following Inline Inflation Data
Prior to this morning’s data, the subject of whether the U.S. Federal Reserve would cut its benchmark fed funds rate range at the bank’s next meeting was closed: There was zero percent chance that the range will remain at its current 5.25%-5.50%, according to CME FedWatch, which figures odds based on positions taken in short-term interest rate markets. In fact, the gauge showed a 52.5% chance of a 50 basis point rate cut versus 47.5% for a 25 basis point move. Source