Category: ICO

Bitcoin Tops $58K After U.S. Tech Stocks Rise

Bitcoin rose above $58,000 on the back of a rally in U.S. technology stocks. U.S. inflation data on Wednesday seemed to solidify the prospect of a 25 basis-point interest-rate cut by the Fed this month, following which Nvidia, Microsoft, Google and Apple all registered gains. BTC is currently priced just above $58,000, 2.4% higher in the last 24 hours, while the broader crypto market has risen about 2.2%, as measured by the CoinDesk 20 Index. However, bitcoin ETFs’ inflow streak was halted after just two days, registering outflows of $43…

Bank of Russia Sees Retail CBDC in Widespread Use by July 2025

The banks will need to enable their customers to “open and top up digital ruble accounts, make transfers, and accept digital rubles in their infrastructure,” the central bank said Thursday. After that, “it is planned to launch the widespread use of the digital national currency. It is important that it is available to citizens and businesses and, if desired, they can freely use it on an equal basis with cash and non-cash funds.” Source

Consumers Are More Positive About Crypto in 2024 With Under 1% Saying It’s a ‘Fad:’ Deutsche Bank Survey

A third of consumers said they thought the BTC price would be below $60,000 by year-end, and only 12%-14% thought it would cross $70,000. Bitcoin was trading around $58,200 at publication time. For the longer term, perceptions were mixed: 40% of respondents said they thought BTC would thrive in the coming years, while 38% said they expected it to disappear. Source

Flight-Tracking DePIN Protocol Wingbits Raises $3.5M

Wingbits, a Stockholm-based protocol creating a DePIN flight-tracking network built on the Solana blockchain, said it has raised $3.5 million in seed funding, led by Borderless Capital and Tribe Capital, alongside Antler and angel investors. According to the team: “Wingbits rewards the quality of data captured by antennas maintained by amateurs and enthusiasts. Individuals are rewarded based on performance, coverage and uptime, and there are global leaderboards to compare the best performing antennas. At the end of 2023, 40 nodes were on the Wingbits platform. Now, there are close to…

Polymarket Bets Pay Off as Memecoin Memorializes ‘Dwebate’

But there were also plenty of side bets at stake – and scads of memecoins launched including DWEBATE, DOMALA TRUMPIS, PEPEDENTIAL DEBATES and WW3, which sprung up to satirize the entire spectacle, or to document some of the more memorable zingers. (Many of the memecoin names were not remotely safe for a PG-rated blockchain tech newsletter.) Some Polymarket wagers paid off handsomely when Trump claimed – falsely, according to the Wall Street Journal – that migrants are “eating the dogs” in Springfield, Ohio. (That also sparked a few new memecoins,…

UK Introduces Bill to Clarify Crypto’s Legal Status

The bill will clarify that these assets are considered personal property under British law. Once enacted, it will give the legal profession guidelines to follow when there’s a dispute on ownership, such as during a divorce. It will also provide protection to crypto owners, whether individuals or companies, who are hit by fraud and scams. Source

That Debate! How Crypto Reacted to Last Night’s Showdown

Last night’s freewheeling presidential debate was heavy on insults, light on policy, and contained no mention of digital assets. But, if the presidential candidates were ignoring crypto, crypto wasn’t ignoring the presidential candidates. Leading names were quick to weigh in on everything from body language to whether dogs were really being eaten by illegal immigrants. Source

Are Ethereum Staking Yields Sustainable? Understanding Trends and Risks for ETH Holders in 2024

Staking has grown in popularity in recent years due to the availability of staking-as-a-service, pooled staking, and the growth of liquid re-staking. As of July 2024, Ethereum’s security budget amounts to a staggering $110 billion worth of ETH, representing roughly 28% of the total ETH supply. There is also a general adoption of staking features within exchanges and financial applications allowing people to allocate their ETH to secure the Ethereum network. Many view staking as a low-risk return on investment, which makes it appealing to ETH holders. Vitalik Buterin, co-founder…