Day: September 27, 2024

The Paradox of the Bitcoin Maximalist

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However, dystopia is not an inevitable outcome. The onus to act, with purpose, still lies with crypto natives, and more specifically those who claim to be Bitcoin maximalists. While institutional dominion is a problem, the more immediate problem is the lack of acceptance that Bitcoin is a people’s currency. The sooner it is accepted that Bitcoin may be treated like any other asset, the sooner that full focus can be given to maximizing its value for everyone. If global crypto adoption is to truly manifest, minds must change and grassroots…

XRP Struggles Below $0.60 – Metrics Reveal Growing Selling Pressure

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Este artículo también está disponible en español. XRP has struggled to keep pace with the broader crypto market rally that began last week following the Federal Reserve’s interest rate cut. While other cryptocurrencies have seen impressive gains, XRP has only managed a modest 2% increase. Analysts and investors suggest this underperformance is due to growing interest in other projects, diverting attention and capital from the token. Adding to this concern, user participation in the XRP Ledger blockchain has declined, raising questions about the project’s long-term prospects. Related Reading Key data…

Bitcoin ETFs See $365M Inflows as Ether Funds Slip

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On Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) saw gains, while their ether-focused counterparts faced a decline during the day’s trading session. ARKB Tops Bitcoin ETF Gains as Ether Funds Fall by $675K U.S. bitcoin ETFs saw a hefty $365.57 million in positive inflows on Thursday, with Ark Invest and 21shares’ ARKB leading the charge. […] Original

MicroStrategy 2X Leveraged ETF Sees Massive Inflows In First Week Of Trading As MSTR Outperforms Bitcoin

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A similar fund, the Defiance Daily Target 1.75X Long MicroStrategy ETF (MSTX), promises traders returns of 175% of the daily percentage change in the share price of MSTR. MSTX went live on Aug. 15 and has so far taken in roughly $857 million, according to data from Bloomberg Intelligence senior ETF analyst Eric Balchunas, putting it in the top 8% of launches this year. Original

Here’s Who Has Been Driving The Bitcoin Price Recovery Above $65,000

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Este artículo también está disponible en español. Bitcoin is now trading above the $65,000 price level for the first time in two months, leaving the $63,000 resistance level behind. This interesting increase has seen Bitcoin increase by almost 23% from a September low of $53,400 on September 6, pushing many holders into profitability. According to Santiment, this price action has been mostly fueled by increased activity from whales and sharks, with the on-chain analytics platform noting a huge accumulation trend among them. Sharks And Whales Continue To Accumulate BTC Recent…

Swan Bitcoin Alleges Ex-Employees Conspired to Steal Mining Business

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A newly filed lawsuit claims that Swan Bitcoin, a financial services company focused on bitcoin, is accusing former employees of trying to hijack its “billion-dollar bitcoin mining business.” According to the suit, Swan’s subsidiary Electric Solidus alleges that Proton Management dubbed a “copycat company” in the filing, stole trade secrets from their mining operations. Swan […] Original

BC.GAME Unveils Epic 1 Billion $BC Mining Rush: A Chance to Win Big Every Day

WILLEMSTAD, Curacao, Sept. 27, 2024 /PRNewswire/ — BC.GAME, a leading crypto gaming platform, has officially announced the launch of the $BC Mining Rush, an exclusive event with a staggering prize pool of 1 billion $BC tokens. The event will run from October 1 to October 20, 2024, with pre-registration starting on September 24, offering players the chance to win daily rewards simply by placing bets of $1 or more. This event is designed to offer participants an easy entry into the crypto space, providing opportunities for daily wins while keeping participation…

Aerodrome tops $1b in TVL amid dominance on Base

Aerodrome has surpassed the $1 billion mark in total value locked as deposits into the liquidity protocol soared. Data from DeFiLlama shows Aerodrome, a decentralized exchange platform on the Base, saw its TVL rise by 22% in the past week to hit the landmark $1 billion. This has also coincided with a surge for AERO price, which is up 23% in the past 24 hours and 50% in the past week to change hands around $1.27. Launched in August 2023, Aerodrome has become the top DEX platform on the Ethereum…

Experts Discuss Blockchain, Crypto and Web3’s Future

The European Blockchain Convention (EBC) took over Barcelona for its 10th edition. The two-day event featured a line-up of speakers that fostered exciting dialogues between the industry experts. The Catalan capital saw some of the crypto industry’s brightest minds discuss digital assets, Decentralized Finance (DeFi), tokenization, Web3, and sustainability, exploring the industry’s future amid the growing adoption and evolving regulatory framework worldwide. Day 1: “Crypto Adoption Can’t Be Forced” On September 25, EBC10 kickstarted its “biggest edition yet” with Daniel Salmeron and Victoria Gago, two of EBC’s founders, discussing why…