Month: August 2024

South African Crypto Asset Marketplace Initiates $1.64 Million Capital Raise

The South African decentralized cross-asset marketplace Mesh.trade has facilitated a $1.64 million (ZAR30 million) capital raise for a reverse mortgage provider. The capital raise allows the provider to offer homeowners the potential for lucrative returns while they remain in their homes. Regulated Alternative Capital Raising Platform The decentralized cross-asset marketplace, Mesh.trade, recently launched a $1.64 […] Source CryptoX Portal

Bitcoin Price (BTC) and Ether Price (ETH) Tumble as Nikkei Sheds 6%

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…

SHIB and Render holders remain bullish on tax-free token Raboo

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. SHIB and Render are trending down. Investors are now eyeing Raboo for its tax-free status and growth potential. SHIB and Render coins are not an exception to the general downward trend currently seen in the cryptocurrency market. Consequently, the holders of these top altcoins have now turned to Raboo (RABT), a rapidly growing new presale token in hopes of experiencing gains from investing in it. Investors are optimistic about…

An Analysis of Solana’s Celebrity Memecoin Invasion

This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. In this article, writer Ollie of Blocmates delves into the rise of Solana celebrity memecoins. With memecoins being one of the most consistently active sectors of crypto, […] Source CryptoX Portal

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…