Month: August 2024

Galaxy Digital (GLXY) Records Loss of $177M in Q2 as Market Retreated

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Bitcoin mining analyst sees significant organic growth opportunities for Riot stock

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Bitcoin miner Riot Platforms’ stock is a buy due to its significant organic growth opportunities, H.C. Wainwright analyst Mike Colonnese said in a note. The Riot Platforms stock is down 34% year-to-date amid a broader correction for Bitcoin (BTC) and altcoins that also has crypto stocks down. But in a research note shared with crypto.news, Colonnese argues for the bitcoing mining stock to see further growth as it eyes expansion. He has reiterated a buy rating for RIOT with a $17 price target. Riot’s financial results Riot released its second…

UQUID Integrates USDT on TRON for Seamless Public Transport Payments in Argentina

PRESS RELEASE. Buenos Aires, Argentina – August 1st, 2024 – UQUID, a pioneer in Web3 shopping platforms, has introduced a new feature allowing users to top up their SUBE cards using USDT on the TRON blockchain. This new functionality aims to streamline how Argentine commuters manage their public transportation expenses, leveraging cryptocurrency for everyday transactions. […] Source CryptoX Portal

How the 2024 Presidential Election and Key Policy Shifts are Propelling Crypto Markets to New Heights

Former President Donald Trump, the Republican nominee and current frontrunner in the election, has emerged as a staunch advocate for cryptocurrencies. Last weekend, on July 27, he delivered a rousing keynote speech at the Bitcoin 2024 conference in Nashville. Addressing an at-capacity crowd, Trump laid out his vision for the U.S. to become the global hub for crypto innovation. He pledged to replace Securities and Exchange Commission Chairman Gary Gensler, known for his anti-crypto stance, a promise that was met with enthusiastic approval from the audience. Trump’s commitment to holding…

Crypto Analyst Says Dogecoin Price Will Rise Over 7,200% To Reach $10, Here’s Why

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The Dogecoin price reaching double-digits remains a dream for its die-hard community, despite the meme coin failing to claim $1 even till now. Nevertheless, expectations that Dogecoin will eventually cross $10 remain high as one analyst has given reasons why the largest meme coin by market cap is set to surge by more than 7,200%. Dogecoin To Stage A Log Breakout Crypto analyst Javon Marks took to X (formerly Twitter) to share an interesting development on the Dogecoin chart. Marks points out that a Log Breakout could be on the…

Spot Bitcoin ETFs See Light Inflows as Grayscale Adds Mini Bitcoin Trust

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On Wednesday, the list of spot bitcoin exchange-traded funds (ETFs) grew from 11 to 12 with the introduction of Grayscale’s Mini Bitcoin Trust. The day’s trading session saw these funds attracting a modest $298,930 in net inflows. Spot Bitcoin ETFs Report Modest Inflows During Tuesday’s trading session, only two spot bitcoin ETFs experienced inflows. Blackrock’s […] Original

Crypto Lending Firm Morpho Bags $50M in Funding Round Led by Ribbit Capital

“We need to bridge the gap for DeFi and make the actual integration into the fintech world, and Ribbit was an obvious partner for that,” Frambot said. “Already there are incredible synergies in what we could achieve together for potential integrations in the real world, and not just like crypto leverage use case, which is, frankly, most of the use case of DeFi lending right now.” Source

Bitcoin price to dip below $60k in August, according to Polymarket

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Bitcoin price has dropped by over 7% from its highest level this week and could fall below $60,000 this month, according to Polymarket. Bitcoin (BTC) dipped to a low of $63,504 on Thursday even after the Federal Reserve hinted a potential rate cut in September is on the table. What should be seen as a bullish indicator isn’t the sentiment shared among the Polymarket community. In a Polymarket poll with $57,000 in funding, most participants believe the coin will drop below $60,000 before September. About 24% expect it to fall below…