Day: October 17, 2024

Why This Crypto Asset Is Bitwise CIO’s Best Contrarian Bet

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Este artículo también está disponible en español. In an interview with Aaron Arnold, founder of Altcoin Daily, Matt Hougan, the Chief Investment Officer (CIO) of Bitwise Asset Management, shared his optimistic outlook on Ethereum for 2025. Amidst a crypto landscape where Bitcoin and emerging high-performance blockchains like Solana, Sui, and Aptos dominate headlines, Hougan positions Ethereum as a “contrarian bet” that may offer significant returns for investors willing to look beyond current market sentiments. Why Ethereum Is The Best “Contrarian Bet” Hougan acknowledged Ethereum’s unique position within the crypto market.…

Crypto Scheme Settlement: Tennessee and GS Partners Resolve Misleading Digital Asset Investments

Tennessee has secured a multi-million dollar settlement with GS Partners over alleged deceptive investment schemes involving digital assets and the metaverse. Investors were enticed with tokens and vouchers linked to physical gold, skyscrapers, and virtual staking pools. Now, affected individuals have 90 days to file claims, with promises of refunds for all deposited funds or […] Source CryptoX Portal

WLFI Token Launch, Backed By Trump, Falls Flat On $300 Million Fundraising Target

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The anticipated launch of the Donald Trump World Liberty Financial (WLFI) token has globally faced challenges in raising the expected $300 million. Thus, the fundraising activities have been described as a total failure within two days after it was launched on 15 October since WLFI has raised only around $11 million accounting for only 4% of the target. Actually, with so much effort placed to advertise the project, which was even described as a ‘crypto bank,’ things have turned out different. Technical Issues Affect Trump Token Sales It was assumed…

MAGA, STRUMP, TREMP rally amid increasing odds of a Trump victory

Trump-themed meme coins surged as the odds of the former U.S. president winning the 2024 election increased on prediction markets. MAGA Hat (MAGA), a prominent Trump-inspired token, saw its price increase by 23.8%, bringing its market valuation to $68.7 million. Similarly, Super Trump (STRUMP) climbed by 31.9%, reaching $0.0084 per token, while Doland Tremp (TREMP) rose by 20.4%, with a market cap now at $36.1 million. The upward momentum was not limited to these coins alone, as Dark MAGA (DMAGA), a token representing a more authoritarian, dystopian version of Trump…

Bitcoin Coinbase Premium Is Negative Despite $68,000 Rally: What It Means

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Este artículo también está disponible en español. Data shows the Bitcoin Coinbase Premium Index has remained negative during the rally to $68,000. Here’s what this could mean for the asset. Bitcoin Coinbase Premium Index Is Currently Showing Red Values As explained by an analyst in a CryptoQuant Quicktake post, the BTC Coinbase Premium Index is inside the negative zone right now. The “Coinbase Premium Index” is an indicator that measures the difference between the Bitcoin prices listed on the cryptocurrency exchanges Coinbase (USD pair) and Binance (USDT pair). When the…

Ireland Moves to Draft Urgent Legislation for Cryptocurrency Regulations Ahead of EU Deadline

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Ireland’s Finance Minister Jack Chambers has announced plans to draft urgent legislation aimed at updating financial regulations to include cryptocurrency and digital asset firms. According to the Irish Examiner, this legislation is crucial to ensure compliance with new European Union money laundering and financing of terrorism laws, which are set to take effect on December […] Source