Day: November 14, 2024

Ex-Valkyrie CEO Leah Wald’s Investment Firm Buys Four Validators, Including Solana (SOL) Network’s, for Nearly $18M

The Toronto-based firm, formerly known as Cypherpunk Holdings, will buy the validators from Cogent Crypto, a high-performance validator operating within the Solana ecosystem, according to a statement on Thursday. The total value of the investment is nearly $18 million, broken into three tranches: $1 million cash and about $1 million in company shares at the closing of the deal, and the rest distributed over three years in shares, Sol Strategies said. Source

New Era For Crypto Regulation? SEC Chair Gensler Suggests He May Step Down

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Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…

Did Crypto Hand Donald Trump the White House? Experts Weight in

How deep did crypto’s influence go in this election? Did Bitcoin and blockchain backers help push Trump back into the Oval Office? A crypto-powered return to the White House The recent election handed Donald Trump a strong victory with 312 electoral votes, returning him to the White House. But what stands out this time isn’t just the numbers or campaign talk — it’s crypto. Over the past year, crypto has evolved from a niche interest to a major topic on the political agenda, with crypto-friendly candidates now holding key seats…

Crypto Analyst Predicts Major Price Crash For Shiba Inu, But It’s Not All Bad News

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Este artículo también está disponible en español. Crypto analyst MadWhale has predicted that the Shiba Inu price could suffer a significant crash soon enough. Based on the analysis, this price correction is simply a healthy retracement that could pave the way for SHIB to reach new highs. Shiba Inu To Suffer A Major Price Crash In a TradingView post, MadWhale predicted that Shiba Inu could suffer a major price crash soon enough. According to the analyst, SHIB could decline further to the next lower Fibonacci support level. The analyst’s accompanying…

Crypto should comply with securities laws

Gary Gensler once again urged the crypto industry to follow existing federal policies in what may be the twilight of his SEC career. In remarks prepared for the Practicing Law Institute’s 56th Annual Institute on Securities Regulation, Gensler implored crypto actors to adopt compliance and disclosure practices, according to Bloomberg. Reiterating his usual stance, the U.S. Securities and Exchange Commission chair stated that most of the over 10,000 cryptocurrencies are securities, explicitly excluding only Bitcoin (BTC), Ethereum (ETH), and stablecoin from his blanket declaration. Gensler also expressed gratitude towards agency…

Blockchain’s Mundane Milestones Pave the Path for Mass Adoption

Lawrence Jengar Nov 14, 2024 18:16 Explore how ordinary use-cases of blockchain technology are driving mass adoption, transforming industries like retail, insurance, and real estate. The trajectory of blockchain technology continues to evolve as practical applications increasingly drive its adoption across various industries. While the hype surrounding web3 often highlights its transformative potential, it is the everyday applications that are steadily paving the way for mass acceptance, according to GalaChain. Blockchain’s Role in Industry Transformation Blockchain technology has emerged as a pivotal…

Pennsylvania introduces bill to implement strategic bitcoin reserve

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Pennsylvania’s legislature has introduced a bill allowing the state to invest in Bitcoin. Led by Representative Mike Cabell, this bill would permit Pennsylvania to allocate up to 10% of three state funds — the General Fund, Rainy Day Fund, and State Investment Fund — into Bitcoin (BTC).  Cabell argues that Bitcoin could act as a hedge against inflation, helping protect the state’s economy amid economic volatility. The bill, known as the Pennsylvania Bitcoin Strategic Reserve Act, aligns with a broader interest in Bitcoin as a store of value in the…

Analysts Eye $50 For Avalanche As AVAX Jumps 28% – Details

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Avalanche (AVAX) has been on a phenomenal upward trend as overall market optimism has buoyed it. Recently, the token surpassed crucial resistance levels fueled by recent Federal Reserve rate cuts and Donald Trump’s election victory. These events appear to have reignited investor enthusiasm, thereby increasing interest in the altcoin and driving its price upward. Currently, AVAX is trading at $33.33, which represents a 28% increase in the past week. Market observers anticipate that it may reach $50 in the near future. Confidence Encouraged By Technical Performance Crypto analyst KALEO posted…