Month: August 2024

Crypto Needs to Radically Rethink Token Distribution

There is a better way to manage token launches — one that prioritizes long-term utility and organic growth over speculative gains. Protocols are beginning to experiment with alternative models. FRIEND, a blockchain-based social platform, for example, launched with 100% float, distributing all tokens to the community from day one. After taking a radically different approach at Lava Network, I am convinced the industry must adopt a new standard for how blockchain projects should handle token distribution and valuation. Source

Israeli tourists robbed of $700k in Costa Rica Bitcoin heist

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Eleven Israeli tourists were robbed during a violent attack on Santa Teresa de Cóbano beach in Puntarenas, Costa Rica.  The robbery occurred while the group was attending a social event, where at least eight men approached them. The attackers arrived in two high-value vehicles and overpowered the group’s security guard. The robbers, suspected of having police training, forced the tourists to hand over their belongings, including a substantial amount of Bitcoin (BTC). Surveillance footage shows the attackers, some wearing what appeared to be police uniforms, moving the victims from one…

What the NYT and Washington Post Op-Eds Get Wrong About Crypto

First, and most critically, only a small fraction of crypto is used for illicit activity, far less than we see in traditional finance, which according to the United Nations could be up to 5% of global GDP. Per analytics firm Chainalysis, money laundering accounts for less than 0.5% of all crypto transaction flows. This is also decreasing steadily over time. Even as crypto usage rose in 2023, the amount of money laundering in crypto fell from $31.5 billion in 2022 to $22.2 billion in 2023. No significant amount of illicit…

Chainlink (LINK) On Track For $135 Surge By 2025 — Analyst

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The community for Chainlink (LINK) has hope thanks to Alan Santana, a famous cryptocurrency expert, who says that the token may soar in the next few months. Even though there are some negative signs as we speak, Santana believes that LINK’s price will go up a lot during the next bull market, possibly hitting an all-time high. Related Reading Santana’s prognosis is hinged on LINK’s key acquisition period, which preceded the 2021 bull market. He calls 2023 a “recovery year,” with numerous cryptocurrencies tallying decent price gains but not a…

Nexio Raises $2.2M in Pre-Seed Funding, Launches Parallelized Bitcoin Rollup to Revolutionize Bitcoin’s Scalability

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PRESS RELEASE. New York, August 9th, 2024 – Nexio, a pioneering Bitcoin scaling solution leveraging parallelized rollup technology, today announced that it has raised $2.2 million in pre-seed funding from a diverse roster of prominent industry investors. This funding will enable Nexio to accelerate the development and adoption of its parallelized Bitcoin rollup technology, aiming […] Original

Cryptoquant Insights Warn: Bitcoin’s MVRV Ratio Signals Bearish Turn 

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The price of bitcoin (BTC) recently fell sharply due to unfavorable macroeconomic factors, with key support levels being tested once again. Analytics provided by Cryptoquant’s Institutional Insights report reveal that the market sentiment has turned bearish, with increased selling pressure and critical valuation metrics suggesting potential for further decline. Cryptoquant Analysis: Bitcoin Plummets Amid Bearish […] Original

Plan B Predicts Bitcoin Still on Track to Hit $100K in 2024 Despite ‘Early’ Bull Market

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The pseudonymous bitcoin analyst known as Plan B, known for his work on the “stock-to-flow” (S2F) bitcoin price model, believes bitcoin’s market may have entered a bullish phase prematurely. While he suggests that the market has been “front-running,” Plan B remains confident that the top cryptocurrency will still hit $100,000 in 2024. Bitcoin’s Early Bull […] Original

Toncoin Rally Above 4-Hour 100-Day SMA Puts TON On The Path To $7.6

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Toncoin (TON) has gained significant upward momentum, recently breaking above the 100-day Simple Moving Average (SMA) on the 4-hour chart. This bullish move signals strong buying interest that could potentially put the crypto asset on the path to the $7.6 resistance level.  The breakout above this key technical indicator suggests that the bulls are in control, setting the stage for a continued rally. This article analyzes Toncoin’s recent breakout above the 100-day SMA on the 4-hour chart, assesses market sentiment, and evaluates the significance of the $7.6 resistance level as the next major…

Experienced Ethereum ICO Investors Purchase Mpeppe at $0.00107, Here’s Why

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The world of cryptocurrency investment is ever-evolving, with seasoned investors always on the lookout for the next big opportunity. Recently, Ethereum (ETH) ICO investors have been turning their attention to a new and promising player in the crypto space: Mpeppe (MPEPE). Priced attractively at $0.00107, Mpeppe (MPEPE) is capturing the interest of those with a keen eye on the Ethereum ecosystem. Here’s a deep dive into why experienced Ethereum (ETH) investors are excited about Mpeppe (MPEPE) and what makes it stand out. Ethereum (ETH) Investors Spot a Gem in Mpeppe…