Day: November 8, 2024

Binance Labs invests in DeSci platform BIO Protocol

Binance Labs, the venture capital arm of Binance, has announced its investment in BIO Protocol, a platform designed to help early-stage scientific research startups access decentralized funding opportunities. The investment sees Binance, powered by the native token BNB (BNB), make its first foray into decentralized science, the platform said in an announcement on Nov. 8. According to Binance Labs, BIO Protocol is the equivalent of the “Y Combinator of on-chain science”, a reference to the U.S.-based VC firm and startup accelerator. BIO Protocol advances the DeSci sector by providing a…

Analyst Says Downside Is Minimized As 1M, 3M, And 6M Candles Turn Bullish

boss

Este artículo también está disponible en español. As the crypto market rides the bullish wave spurred on by Donald Trump’s win in the United States Presidential elections, the Dogecoin price has emerged as a top performer, gaining over 25% earlier this week. With momentum building toward a potential all-time high, a crypto analyst highlights that Dogecoin’s downside risk has significantly decreased. This positive shift is attributed to the recent bullish trend across the 1-month, 2-month, 3-month, and 6-month candles, which are now turning bullish.  Dogecoin Price Outlook Brightens With Long-Term…

Ethereum Analyst Sees Altseason Potential As BTS Is Still Outpacing ETH – Time To Buy Altcoins?

boss

Este artículo también está disponible en español. Ethereum has finally surged after breaking through a critical resistance level that had kept the price subdued since early August. This move has shifted market sentiment, as many investors and analysts previously doubted ETH’s potential in the current cycle, expecting it to lag behind. However, Ethereum’s recent strength is starting to reshape these perspectives. Prominent analyst and investor Ali Martinez recently shared insights indicating that while Ethereum’s momentum is building, the much-anticipated “Altseason” hasn’t arrived just yet.  Related Reading According to Martinez, this…

Hive Digital Reports Slight Rise in Bitcoin Output Amidst Capacity Goals

boss

Bitcoin miner Hive Digital reported modest growth in bitcoin production for October, while advancing its mining capacity and infrastructure. Hive Digital Discloses Modest Bitcoin Output Gains Vancouver-based Hive Digital (Nasdaq: HIVE) reported incremental growth in its bitcoin production for October, maintaining consistent operational metrics while advancing its mining infrastructure. The publicly listed mining firm, which […] Original

Bitcoin (BTC) Price Tops $77K Record as Muted Funding Rates Suggest Crypto Rally Has More Room to Run

While crypto assets booked double-digit gains during this week, with BTC sitting at record highs, funding rates for perpetual swaps on crypto exchanges are much closer to neutral levels than the market top in early March, CoinGlass data shows. Funding rate refers to the amount long traders pay shorts to take the opposite side of a trade. When funding rates are negative, shorts pay the fee to longs, as this relationship often occurs during bearish periods. Source

Jack Dorsey’s Block Bets Big on Bitcoin Mining 

boss

Block, Inc. has outlined a strategic pivot to expand its presence in bitcoin mining, signaling a commitment to the cryptocurrency sector and its infrastructure needs, according to its recent third-quarter shareholder letter. Block’s New Investment Focus on Bitcoin Mining Infrastructure In a letter to shareholders, Block identifies bitcoin mining as a key growth path, driven […] Original

Ethereum Oversold? Researcher Predicts Speculative Surge Could Spark Market Revival

boss

Este artículo también está disponible en español. Ethereum has had a rough year, but recent insights from industry insiders indicate a possible comeback. Matthew Sigel, VanEck’s Head of Digital Assets Research, recently indicated that Ethereum is oversold. He thinks that raising speculative interest in the altcoin will enable its comeback. This comes as Ether tries to catch up with rivals such as Bitcoin and Solana, which far exceeded it in 2024. Related Reading A Shift In Market Sentiment Sigel spoke on The Tie’s latest episode in which he hopes Ethereum…

Bitcoin at $77k 48hrs after US elections

boss

Bitcoin crossed $77,000 on Friday, Nov. 8, setting a new all-time high for the second consecutive day. Bitcoin (BTC) reached a new all time high of $77,020 roughly 48 hours after Donald Trump won the U.S. presidential election, along with the election of several pro-crypto policymakers to Congress. With a market cap of $1.5 trillion, Bitcoin now ranks as the world’s ninth most valuable asset, surpassing Mark Zuckerberg’s Meta. BTC’s year-to-date growth has exceeded 118% with this recent surge. Over the past 30 days, Bitcoin has increased by nearly 25%…

US Congressman Mike Collins buys ETH worth $80k

Republican Mike Collins, re-elected to the U.S. House of Representatives in Georgia’s 10th Congressional District, holds Ethereum. Collins disclosed an investment in Ethereum (ETH) worth nearly $80,000, according to the platform Quiver Quantitative. The platform, which tracks investment purchases and trades of key public figures, shared this via a post on X on Nov. 8. As well as Ethereum, the lawmaker has reportedly also purchased $15,000 worth of Aerodrome (AERO). Aerodrome is an automated market maker and decentralized exchange that functions as the central liquidity hub for Base, a layer-2…