PRESS RELEASE. HONG KONG, JULY 4, 2024 — QED Protocol, the first zk-native execution layer for powering the Web3 ecosystem emerging on Bitcoin, announced today that it has raised $6 million in a funding round led by Blockchain Capital. The fresh influx of capital furthers QED’s mission of utilizing its novel technology to unlock unparalleled […] Original
In a turbulent 24-hour trading session, the cryptocurrency market saw nearly $200 million wiped out in liquidations as Bitcoin price dropped below $61,000. This sharp decline triggered a wave of liquidations, affecting many investors and traders. Market Meltdown And Crypto Liquidation The total market valuation has plunged by approximately 2.7% to around $2.34 trillion, underscoring heightened volatility and market stress. Related Reading Bitcoin, leading the downturn, shed 1.3% over the week, with a steep 2.8% drop recorded in the last day. This downturn has not only decreased the value of…
Pan-African crypto exchange Mara reportedly lost approximately $16 million out of the $23 million raised from investors. Following the exchange’s collapse, founder and CEO Chinyere Nnadi is said to have launched a new entity called Jara. Nnadi reportedly argued that the exchange depleted its raised capital by paying high salaries to attract talent. CEO Avoids […] Source BitcoincryptoexchangeExchanges CryptoX Portal
On-chain transaction data shows the XRP ecosystem recently witnessed an enormous movement of 200 million XRP tokens worth $94.5 million ahead of the periodic unlock from escrow. This transaction was recorded on-chain on June 30 between two unknown wallets, indicating it isn’t an escrow unlock. Although the periodic unlock has already been completed since this transaction, XRP traders and enthusiasts are still fascinated by its enormous nature, prompting a detailed look into the on-chain data. Breaking Down The 200 Million XRP Transfer According to on-chain data initially noted by large…
The facility is advancing bias-free AI algorithms, circularity in industrial robots and electric vehicles, battery product passports, predictive analytic tools for detecting pollution off-shoring, and more. The IOTA Foundation just announced the inauguration of a new research facility, the Imperial IOTA Infrastructures Lab (I3-Lab), at Imperial College London. The lab is well-positioned to lead research thanks to a generous £1 million endowment from the IOTA Foundation and additional funding from Imperial College London. The facility aims to advance bias-free AI algorithms, circularity in industrial robots and electric vehicles, battery product…
Spot Bitcoin (BTC) ETFs in the U.S. broke their five-day net inflow streak on July 2, witnessing $13.7 million in net outflows amid a predominantly bearish day for BTC. According to data provided by Farside Investors, these investment products recorded $13.7 million in negative net flows on July 2. This follows a positive start to the month, with $129.5 million in capital inflows on July 1, the highest in nearly a month. The recent bearish trend was significantly influenced by the disappointing performance of the Grayscale Bitcoin Trust (GBTC). This…
U.S. spot bitcoin exchange-traded funds (ETFs) saw the largest net inflow since June 7, 2024, accumulating $129.45 million. Fidelity’s FBTC led the inflow on Monday with $65.03 million. Fifth Consecutive Day of Inflows for U.S. Bitcoin ETFs On Monday, U.S. spot bitcoin ETFs recorded $1.36 billion in trading volume and attracted $129.45 million in inflows. […] Original
In a move indicative of growing corporate confidence in Bitcoin, Tokyo-listed Metaplanet has once again increased its BTC reserves, with a recent acquisition pushing its total holdings past the $10 million mark. This purchase coincides with Bitcoin’s positive start in July, as the cryptocurrency begins to recover recently lost gains. Currently, Bitcoin is trading above $63,000, marking an increase of nearly 3% in the past day. Related Reading Metaplanet’s Expansion Into Bitcoin Earlier today, Metaplanet made headlines by acquiring an additional 20.195 Bitcoin, valued at approximately $1.2 million, as announced…
Bitcoin looks like it’s starting to kick off the week on the right foot, suggesting the end of the correction that lingered throughout June. While investors continue to ponder on Bitcoin’s price trajectory in July, on-chain data, price history, and strategic transactions point to a bullish July. Despite the short-term volatility, many investors remain bullish on Bitcoin’s long-term prospects. Notably, data shows an interesting $500 million increase in bids below the spot price and a rise in open interest, as pointed out by popular crypto analyst Daan Crypto Trades. Bitcoin…
The German Government has apparently transferred an additional 1,500 bitcoin, valued at nearly $95 million, to multiple cryptocurrency exchanges, including Bitstamp, Coinbase, and Kraken. This move, part of a series of transactions since June 19, has led to speculation about the government’s intention to liquidate some of its bitcoin holdings, originally seized in a large-scale […] Original