Tag: Investors

Elon Musk’s Cousin Among First Investors In Solana: Expert

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A recent social media post by crypto pundit MartyParty has sparked renewed interest in the early investment patterns surrounding Solana. This interest centers around the revelation that Lyndon Rive, a cousin of Elon Musk, was among the first investors in Solana, a fact that has largely flown under the radar since Rive’s announcement on July 30, 2019. “Why is Elon Musk’s cousin Lyndon Rive one of the first investors in Solana. Rive is a cousin of Elon Musk as their mothers are twin sisters,” Marty remarked. The Story Of Solana…

private accounts, tokenization, and healthcare infrastructure grab investors’ attention

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Blockchain-based startups continue to gather funding during the current bear market, with MetaMask partner Blockaid raising $33 million in October. However, the overall funding in the crypto industry has dropped to levels last seen in 2020, amassing $2.1 billion over 297 deals in the third quarter of 2023, as reported by Messari. As is often the case during bear markets, investors are taking a closer look at projects before investing and apparently seeking tangible real-world applications.  As part of October’s highlights, the Nature Science Journal discussed applications of blockchain technology,…

Validation Cloud Launches Staking-as-a-Service Platform for Institutional Investors

Several key features of the platform make it ideal for institutional staking providers. For instance, it enables bulk validator deployment, allowing institutions to launch a large number of validators at the same time. Validation Cloud, a Web 3.0 infrastructure platform, recently launched a staking-as-a-service platform for institutional clients. This platform enables institutions to use multiple validators at the same time and earn rewards by automating smart contract activities. This staking service is non-custodial, which means it has no control over the assets staked. Key Features of the Validation Cloud’s Institutional…

Polkadot firm, dYdX launches on Cosmos while Everlodge investors are bullish

The crypto market rallied in “Uptober” as Bitcoin (BTC) soared as high as $35k. Altcoins like Polkadot (DOT) and Cosmos (ATOM) followed, seeing gains on the weekly chart. On the other hand, analysts are bullish on Everlodge (ELDG). Polkadot rises 4.33% Polkadot released around 99 million DOT into circulation on Oct. 24.  Despite this, DOT remains relatively firm partly because of the “Uptober” altcoin market rally.  Overall, in October, prices were firm. As of Oct. 30, DOT rose 4.33% and 5.32% on the weekly and monthly charts, respectively, reaching $4.32.…

Bitcoin futures data highlight investors’ bullish view, but there’s a catch

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Bitcoin (BTC) price surged by 26.5% in October and several indicators hit a one-year high, including the BTC futures premium and the Grayscale GBTC discount.  For this reason, it’s challenging to present a bearish thesis for BTC as data reflects the post-FTX-Alameda Research collapse recovery period and is also influenced by the recent increase in interest rates by the U.S. Federal Reserve. Despite the positive indicators, Bitcoin price still remains around 50% below its all-time high of $69,900 which was hit in November 2021. In contrast, gold is trading just…

Blockchain Startup Etherfuse Rolls Out Tokenized Bonds in Mexico Targeting Retail Investors

“Stablebonds mark an evolution of investment solutions,” said Dave Taylor, CEO and co-founder of Etherfuse, in the statement. “By marrying the traditional world of bonds with the innovation of blockchain technology, we are creating a secure and transparent tool for investors and are adding further stability to DeFi and blockchain products,” he added. Source link

GBTC & BITO Witness Historic $1.7B in Trading Volume as BTC Investors Anticipate Bitcoin ETF Approval

In anticipation of this pivotal event, there has been a substantial uptick in trading volume for products launched by ProShares and Grayscale. Activity surrounding Bitcoin investment products, particularly exchange-traded funds (ETFs), has seen a notable increase. This surge is primarily driven by the growing excitement within the market about potential ETF approvals in the United States. Speculation and expert opinions on the potential acceptance of the Grayscale Bitcoin Trust (GBTC) by the SEC have been widespread, especially after the commission chose not to appeal the case before the deadline date.…

South Korea’s Crypto Frenzy: Over 6 Million Investors Fuel Centralized Exchanges’ Dominance: Survey

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South Korea has solidified its position as a global hub for crypto investment, with a recent survey putting the total number of crypto investors at over six million, more than 10% of the nation’s total population. A survey conducted by the Korea Financial Intelligence Unit (KoFIU) projects that the number of crypto investors in the country will surpass six million in the first half of 2024. Notably, the majority of these investors actively participate in investment activities facilitated by centralized exchanges, showcasing a distinctive trend in the market. Despite a…

Shiba Inu Reverses Downtrend – What’s Next For Investors?

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Shiba Inu (SHIB) has sustained an impressive bullish streak over the past week, marking a significant upward trajectory in its value. With seven out of the last eight days showing positive growth, the meme coin has not only managed to reclaim a critical low of $0.0000076 it registered in December last year, but has also encountered several notable barriers along its upward climb. In its journey through September, SHIB faced resistance from the established resistance zone and a daily bearish order block situated above $0.00000755. However, the October rally saw…