Day: October 31, 2024

BlackRock’s (BLK) Entry Into Crypto Matters More Than Whether Trump or Harris Wins U.S. Election, QCP Capital’s Sit Says

While there may be some short-term volatility in crypto markets depending on whether Donald Trump or Kamala Harris becomes the leader of the world’s largest economy, what’s more important is the broader integration of crypto, especially bitcoin (BTC), into American finance. For example, the widespread adoption of bitcoin exchange-traded funds (ETFs), with BlackRock (BLK), the world’s largest asset-management firm, running the biggest. Source

Microsoft bets on Bitcoin; GambleFi craze sends Rollblock soaring past Solana

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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. As Microsoft eyes Bitcoin adoption amid dollar concerns, Rollblock is making waves in the GambleFi sector, soaring past Solana with a remarkable 220% pre-ICO increase. Bitcoin’s (BTC) gains and remarkable technology continue to attract the attention of tech giants, with Microsoft being the latest to consider adoption. BTC’s consideration seems to be driven by concerns about the sustainability of long-term dollar holdings as the USD gradually loses its value.…

Nigerian Fintech Reaches Unicorn Status With $110 Million Google-Backed Funding Round

Moniepoint, a Nigerian fintech company, has raised $110 million in Series C funding to expand its services across Africa and globally, becoming the latest Nigerian fintech unicorn. Moniepoint Seeks to Serve Global African Market with New Funding Moniepoint, a Nigerian fintech company, recently announced it had raised $110 million in a Series C funding round […] Source CryptoX Portal

Analysts Bullish On ETH As Price Retests $2,700

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Este artículo también está disponible en español. On Wednesday, Ethereum (ETH) surged above the $2,700 mark for the first time in over a week, sparking a bullish sentiment among several crypto analysts. Some suggested that the second-largest cryptocurrency will soon break from the next resistance level and reclaim the $3,000 mark. Related Reading Ethereum Retests $2,700 Ethereum surged above a key resistance level on Wednesday morning as most of the crypto market soared. The cryptocurrency rallied 3.1% toward the $2,700 horizontal level, hitting the $2,722 mark before retracing to $2,710.…

BlackRock’s IBIT sees record $872m inflow amid 6-day Bitcoin ETF streak

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On Oct. 30, BlackRock’s spot Bitcoin ETF recorded its highest single-day inflow since its January launch, contributing to the ongoing six-day inflow streak across the 12 Bitcoin ETFs. According to data from SoSoValue, the 12 spot Bitcoin ETFs collectively recorded $893.21 million in inflows on Oct. 30, an amount second only to the $1.045 billion inflow recorded on March 12. This extended their inflow streak to six days, with total net inflows surpassing $3 billion. BlackRock’s spot Bitcoin ETF, in particular, led this rally with $872.04 million in inflows, surpassing…

Coinshares Report: Inside Bitcoin’s Cost Crunch—Why Mining Expenses Are Hitting Record Highs

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Coinshares’ Q3 mining report, led by researcher James Butterfill, highlights mounting costs and challenges impacting the bitcoin mining industry in 2024. How Bitcoin Mining Industry Giants Are Battling Rising Prices The Coinshares Q3 mining report, with research led by James Butterfill, reveals that bitcoin mining costs are rising, reaching an estimated $49,500 per bitcoin (BTC) […] Original

Bitcoin Active Addresses Signals Golden Cross—What Next For BTC?

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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…

BNB Price Slips as Peers Climb: Can It Regain Ground?

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…

XRP Price Faces Support Test: Is a Rebound on The Horizon?

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XRP price is correcting gains from the $0.530 zone. The price is testing the $0.520 support and might bounce back to start a fresh increase. XRP price is eyeing more gains above the $0.5300 zone. The price is now trading above $0.5200 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.520 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it settles above the $0.5300 resistance zone. XRP Price Revisits Support…