Day: September 24, 2024

Bitcoin More Appealing to Investors as Ether ETFs Record Worst Outflows Since July

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“TradFi investors may not respond as enthusiastically to ETH’s investment thesis than to BTC’s. Gold’s investment thesis as an inflation hedge is well-known, and therefore, it is not a leap for TradFi investors to wrap their heads around the idea of ‘digital gold,” Chung said in a message to CoinDesk, referring to an August report by the firm on the topic. “On the other hand, ETH’s ‘world computer’ narrative is much more difficult for non-technicals to grasp. Original

Latam Insights Encore: Bukele’s Zero-Debt Budget Is a Good Start to Heal El Salvador’s Economy

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine the budget proposal of Salvadoran President Nayib Bukele, which contemplates eliminating debt issuance and how this might change the Salvadoran economy and its outlook. Latam Insights Encore: Bukele’s Zero Debt […] Source CryptoX Portal

Crypto firms struck 33 deals with football clubs since 2021

Cryptocurrency startups have signed approximately 87 sports sponsorship deals over the past three years as web3 firms target mainstream adoption and global exposure. Research conducted by data provider CoinGecko discovered that most of the partnerships were established with European football clubs. According to the report, crypto businesses and soccer teams have reached 33 sponsorship agreements since 2021. Establishments like Manchester United and Chelsea Football Clubs have provided global exposure for crypto sponsors. Events like the UEFA Champions League and FIFA World Cup attract billions of viewers worldwide. The motorsports industry…

Bitcoin Set for Major Bull Run? These 3 On-Chain Metrics Signal A Turning Point

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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…

Central Reserve Bank: Only 1.1% of Remittances Involve Cryptocurrency in El Salvador

The adoption of cryptocurrency, especially Bitcoin, for remittances has failed to surge in El Salvador, even with the support of President Nayib Bukele’s administration. According to data provided by the Central Reserve Bank, only 1.1% of all remittances sent to the country from January to August 2024 include cryptocurrency. Report: Adoption for Remittances Reach Only […] Source CryptoX Portal

XRP Price Defends Support: Will Bulls Take Over?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

VP Kamala Harris’s First Speech On Crypto Sparks 7% Rise In This Memecoin

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Este artículo también está disponible en español. Memecoin Kamala Horris (KAMA) has seen its first notable increase in over a month, rising 7% in the last 24 hours, in response to comments made by US Vice President Kamala Harris, who pledged to support the growth of the crypto space if elected.  Harris Promises Support For Crypto And AI Speaking to donors at a fundraiser in New York City on Sunday, Harris outlined her economic agenda, which aims to foster innovation in the artificial intelligence (AI) and digital asset sectors while…

Ethereum Price Pullback: Another Chance for Buyers To Load ETH?

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Ethereum price extended its increase above the $2,650 resistance. ETH is now correcting gains and might find bids near the $2,600 support. Ethereum is currently correcting gains from the $2,700 resistance. The price is trading above $2,600 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,600 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,550 support to continue higher in the near term. Ethereum Price Holds Support Ethereum price remained well-supported and extended…