Day: September 24, 2024

Celestia Foundation Secures $100M to Advance Modular Blockchain Technology

Terrill Dicki Sep 24, 2024 13:22 Celestia Foundation raises $100 million led by Bain Capital Crypto, aiming to scale modular blockchain technology. The funding will boost its rollup ecosystem and data throughput. The Celestia Foundation has successfully raised $100 million in a funding round led by Bain Capital Crypto, with additional participation from Syncracy Capital, 1kx, Robot Ventures, Placeholder, and others. This latest round of investment brings the total funding for the project to $155 million, according to the Celestia Blog. Advancing…

Satoshi Era BTC Miner Moves Tokens to Crypto Exchange Kraken

Several “Satoshi era” bitcoin have been active in the past few years. In July 2023, a wallet dormant for 11 years transferred $30 million worth of the asset to other wallets, while in August, another wallet transferred 1,005 BTC to a new address. Then, in December last year, over 1,000 BTC were sent to crypto exchanges – where they were likely sold off – marking one of the largest amounts from the Satoshi era moved to exchanges. Source

Dogecoin Parabolic Rally To Trigger 5,500% Surge To $6, Here’s When

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Este artículo también está disponible en español. Expectations for the Dogecoin price remain high as a crypto analyst has predicted a rally to a new all-time high for the meme coin. Not only does the analyst expect an eventual break above the coveted $1 level, they push further, expect Dogecon to put on a parabolic rally that could shock the crypto market. This could catapult the DOGE cryptocurrency forward, and put on a performance that could be reminiscent of its 2021 price surge. Dogecoin Completes Accumulation Phase In an analysis…

Bitcoin Little Changed in Face of PBOC Rate Cut

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The People’s Bank of China took steps to stimulate the economy, including cutting the reserve requirement ratio for mainland banks by 50 basis points. The move drew little response from crypto prices. Asian stocks, on the other hand, rallied, with Hong Kong’s Hang Seng index climbing 3.2% and the Shanghai Composite index adding 2.3%. “Bitcoin’s lack of response to this news, juxtaposed against rallying Chinese indices, highlights that its current beta appears more tightly linked to Fed policy and U.S. markets, as evidenced by near two-year high correlations with US…

Bitcoin set for potential breakout this week

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Bitcoin could be on the path to a new all-time high if it breaks out of its reaccumulation phase this Saturday, according to an analyst. In a Sept. 14 X post, prominent trader Rekt Capital indicated that Bitcoin could soon break out of its reaccumulation range, where it has been trading since early March if historical patterns repeat. The analyst pointed out that Bitcoin has historically exited its reaccumulation phase between 154 and 161 days after a halving event. A Bitcoin halving event is when the reward for mining new…

Address Potentially Belonging To Bankrupt Crypto Lender Genesis Sends 5,000 ETH To Exchange: Arkham

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The bankrupt crypto lending firm Genesis has potentially begun to move millions of dollars worth of Ethereum (ETH). Data from the digital asset deanonymizing platform Arkham shows that a crypto wallet collected 114,503 ETH worth nearly $360 million from an address belonging to Genesis Trading: Bankruptcy Distribution. According to Arkham, the receiving wallet may also belong to Genesis but the blockchain tracking firm gave it a “lower confidence prediction” tag. On Sunday, the address in question sent 5,000 ETH worth nearly $13 million to a deposit address for the institutional…

Russia Pushes for Sustainable BRICS Interbank Networks and Payment Systems

Russia is pushing to develop independent interbank networks and payment systems within BRICS to boost the bloc’s financial influence. Moscow aims to expand cross-border settlements and the use of national currencies in BRICS trade, as part of a strategy to reduce dependence on Western financial institutions. These efforts have gained attention during Russia’s BRICS presidency, […] Source CryptoX Portal

Analyst Warns Of Short Squeeze As Bitcoin Futures Market Heats Up

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Bitcoin (BTC) Trading Range Extends Beyond 125 Days as September Shows Unusual Resilience

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More recently, bitcoin spent 111 days between $54,271 and $59,699. And it has so far spent 126 trading days in its current range of $59,700 to $65,670, a period that could extend if history repeats itself. These prolonged periods of consolidation aren’t unprecedented, as seen during the $8,000 to $12,000 range, where bitcoin traded for hundreds of days. Original