Month: September 2024

Ethereum Gains On Bitcoin Following Fed Rate Cut: Altseason Soon?

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Este artículo también está disponible en español. Ethereum (ETH) price has outshined Bitcoin (BTC) over the last week since the US Federal Reserve (Fed) slashed interest rate by 50 basis points (bps) on September 18, 2024. Ethereum Gains On Bitcoin, Prelude To Altseason? Ethereum has had an impressive last few days as far as its price action is concerned. ETH has surged by 16% to $2,666 since the Fed cut rates for the first time in four years. BTC has risen by 9% in the same period, trading at $63,643…

Odds of Bitcoin price soaring to a new all-time high are rising: Polymarket

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Bitcoin has a high chance of soaring to a new high this year, according to a recently launched Polymarket poll. Polymarket users see BTC hitting a new record high Sixty-three percent of participants in the the poll believe that Bitcoin (BTC) will continue its uptrend and reach a new record high. The odds of this happening have risen from this month’s low of 42%. With Bitcoin trading at $63,840, it needs to rise by 15.6% to retest its all-time high of $68,777. This is possible as it has entered a…

Satoshi era Bitcoin moves for the first time in 15 years

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. On September 20, Bitcoin moved for the first time in 15 years, igniting interest in early crypto rewards and upcoming presales. Friday the 20th of September saw Bitcoin moved for the first time in 15 years. Hundreds of Bitcoin date back to the early months of the pioneering cryptocurrency which is known by many as the Satoshi Era. The transparency of blockchain data allowed researchers to discover that the…

Huddle01, Blockchain Video Conferencing Project That Seeks to Outdo Zoom, Targets $37M Node Sale

Huddle01, which previously had raised about $6 million in traditional fundraisings from investors including Hivemind, Balaji Srinivasan, Stani Kulechov, Dan Romero and Juan Benet, describes itself in the litepaper as “a fully decentralized, self-sovereign, borderless and open network that will provide the necessary framework for performant, cost-effective and censorship-resistant real-time connectivity.” Source

Bitcoin Price (BTC) and Risk Assets Moving Higher With Money Supply

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Historically, there has been a strong correlation between the S&P 500 and the M2 money supply, with both moving in tandem over the past five years. For example, during the early 2020 pandemic, M2 bottomed out at $15.2 trillion in February, just before the S&P 500 hit a low of around 2,409 points in March. A similar pattern occurred in October 2023, when monetary policy tightening led M2 to bottom at $21 trillion. Shortly afterward, the S&P 500 reached a low of 4,117. This connection highlights the critical role of…

Hacker of Indian Crypto Exchange WazirX Is Almost Done Laundering $230M Stolen Funds

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Tornado Cash allows crypto users to exchange tokens while masking wallet addresses on various blockchains. The service, by itself, is not nefarious but is commonly used by criminals to clean an online trail that could lead to the identity of those moving stolen funds. Alexey Pertsev, Tornado Cash developer, was found guilty of money laundering by a Dutch judge in May and sentenced to 64 months in prison. Source

Bitcoin Retreats Following Ascent to $64K

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Bitcoin ETFs saw inflows of $136 million on Tuesday, the biggest in almost a month. More importantly, the inflows were equivalent to 2,132 BTC, according to data by HeyApollo, which represents nearly five times the daily mined supply being removed from the market. Ether ETFs recorded $62.5 million in total inflows, the third-largest day for ether ETF inflows since their launch. This rebound came just a day after Ether ETFs saw their largest outflows since July. Nevertheless, ether ETFs remain firmly in the red, having experienced net outflows of $624…

Ugandan Fintech Firm Gets Funding From Dutch Impact Investor

Ugandan fintech firm Agent Banking Company (ABC) receives undisclosed investment from Dutch impact investor Goodwell Investments. The funding, part of Goodwell’s $167M African startup fund, will expand ABC’s customer base, agent coverage, and services. CEO Richard Jabel says the investment will enhance financial inclusion and services accessibility via mobile phones, agents, and merchants. Affordable Financial […] Source CryptoX Portal

Cardano Reclaims Top 10 Crypto Spot, Analysts Set New Targets

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Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities…