Sani, an onchain analyst, has unveiled data that appears to confirm the IMF’s allegations about El Salvador’s purported bitcoin purchases. Nonetheless, the country continues to post each BTC addition as a purchase via the Bitcoin Office (ONBTC) social media account. El Salvador Bitcoin Purchases Under Scrutiny: Onchain Evidence of ‘Shuffling’ Arises El Salvador, one of […] Original
Avalanche Foundation, a nonprofit behind the cryptocurrency Avalanche, is reportedly raising $1 billion to launch digital asset treasury projects and accumulation projects. Avalanche Foundation is in active discussions with investors to launch a digital asset treasury company and convert another company into a “crypto-hoarding” vehicle, the Financial Times reported on Thursday, citing sources familiar with the matter. The nonprofit reportedly expects to raise $1 billion in funding, which would be used to purchase Avalanche (AVAX) from the foundation at a discounted price. Avalanche is the 21st largest cryptocurrency by market…
South Korea is lifting crypto restrictions for venture companies on September 16, giving them easier access to financing avenues and tax breaks. According to the Ministry of SMEs and Startups (MSS), the measure comes in response to the growing global trust in the crypto sphere, combined with advancements in the user protection department. The decision comes seven years after the country restricted crypto in October 2018, amidst concerns about speculation influencing the market and the lack of proper investor security. The shift marks a long-awaited move that could bring South…
Key Notes Trend Research sold its ETH holdings at an average price of $3,145. The company is now buying ETH again as the price holds strong above $4,400. The crypto market looks bullish with the expectations of a rate cut. Trend Research, a Chinese investment firm, recently started to buy back Ethereum ETH $4 409 24h volatility: 2.0% Market cap: $532.28 B Vol. 24h: $37.43 B after missing out on huge profits. The addresses associated with Trend Research borrowed 88 million USDT USDT $1.00 24h volatility: 0.0% Market cap: $169.13…
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Latin America’s developer community is increasingly focused on building within established blockchain ecosystems like Ethereum and Polygon rather than launching new base-layer protocols, according to a report by consultancy firm Sherlock Communications. The study, which included qualitative inputs from 85 developers in Bolivia, Mexico, Brazil and Peru, showed that the region’s builders care about transparency, coordination and compliance. The devs favor intuitive tools, strong documentation and proven track records, making networks like Ethereum and Polygon a good fit. Luiz Eduardo Abreu Hadad, blockchain consultant and researcher at Sherlock Communications, told…
Altcoin-related market indicators are flashing bullish signals as the crypto community ramps up discussions about a potential altseason. Analysts believe that if altcoins break into price discovery again, it could spark renewed investor interest. Earlier today, CoinGlass’ altcoin season index surged to 78 out of 100, marking the highest point since last December. CoinMarketCap’s altseason indicator is also near its yearly peak at 67, confirming that altcoins are gaining momentum. The total altcoin market cap, excluding Bitcoin BTC $113 980 24h volatility: 1.5% Market cap: $2.27 T Vol. 24h: $47.97…
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. The Avalanche Foundation is in advanced talks to set up two US digital asset treasury vehicles to raise roughly $1 billion that would purchase millions of AVAX directly from the foundation at a discount, according to…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Satoshi Nakamoto is the name used by the unknown person or group who created Bitcoin. In 2008, Satoshi published a paper called Bitcoin: A Peer-to-Peer Electronic Cash System, which explained how a digital currency could work without a central authority like a bank. The next year, in 2009, Satoshi released the first version of Bitcoin software and mined the first block of the Bitcoin blockchain, known as the “genesis block.” No one knows who Satoshi really is. The name might be a…
Key Notes AVAX broke out of a 213-day consolidation phase, surging 9% in the past day. Two US-based treasury companies are being planned to raise $1 billion for AVAX buyback. The news triggered a 100% rise in trading volume, with analysts eyeing a surge to $55. Avalanche AVAX $28.80 24h volatility: 7.4% Market cap: $12.16 B Vol. 24h: $1.81 B has recently broken out of a long 213-day consolidation phase. The breakout follows a Financial Times report, which claims that the Avalanche Foundation is in advanced discussions with investors to…