Author: CryptoHoppers
A widely followed analyst believes Bitcoin (BTC) will spark a furious rally to regain all of its losses over the past week. Pseudonymous analyst The Crypto Dog tells his 806,500 followers on the social media platform X that he sees a swift Bitcoin recovery following its collapse from $70,000 to a six-month low of $49,000. “I guess we might just speed run retracing the whole dump as fast as we crashed.” The analyst’s bullish stance on Bitcoin comes after BTC quickly bounced off its lows and stayed above its immediate support at around $54,000. “Price not nuking (yet), maybe they…
The decentralized physical infrastructure network market continues to see significant growth, with funding for earliest-stage projects increasing 296% year-over-year. According to details shared by crypto market intelligence platform Messari on X, early-stage DePIN projects had raised more than $246 million across 70 deals by Aug. 1, 2024. IoTeX (IOTX) is the platform that has so far registered one of the biggest funding rounds in this ecosystem. DePIN continues to grow 🌐With fundraising volume up 296% year over year, the total market cap grew 400% to $20 billion.It’s Time for a #DePIN Sector Update 🧵⬇️— Messari (@MessariCrypto) August 7, 2024 In…
Photo by edmund on wallpapers . com Key Takeaways ‘Crypto for Harris’ aims to secure crypto community votes in the 2024 presidential race. Trump counters with promises of deregulation and a government Bitcoin reserve. Share this article The 2024 US presidential race has thrust crypto policy into the spotlight, with both major candidates vying for support from the industry and its estimated 40 million American users. Vice President Kamala Harris and former President Donald Trump are employing contrasting strategies to court crypto voters, highlighting the sector’s growing political influence.A new Democratic advocacy group, “Crypto for Harris,” plans to host a…
The International Monetary Fund (IMF) has reported progress in negotiations with El Salvador on policies to strengthen public finances, boost bank reserves, improve governance, and address bitcoin risks. Although many BTC risks haven’t materialized for El Salvador, the IMF stated that both parties agree on the need for enhanced transparency and measures to ensure fiscal […] Source link
A cryptocurrency venture capital fund invests in promising web3 companies. Investments primarily focus on developing cryptocurrencies, blockchain technology, decentralized finance (DeFi), non-fungible tokens (NFTs) and related technologies. The primary objective of these funds is to identify high-potential projects at an early stage and provide them with the financial resources, strategic guidance and industry connections to succeed. Unlike traditional venture capital, which may invest across a wide range of industries, cryptocurrency venture funds focus exclusively on the web3 space. Their goal is to identify crypto startups with the potential for significant growth and, consequently, high returns on investment. The investments can…
According to CryptoQuant CEO Ki Young Ju, if Bitcoin’s price stays above $45,000, it could surpass its all-time high within a year. Bitcoin (BTC) rebounded from a tumultuous weekend, and optimism remains in the crypto market despite some bearish indicators in the financial markets. On Aug. 5, global financial markets experienced declines as Japan’s benchmark index plummeted over 12%, while the Dow Jones and Nasdaq also saw substantial drops. Tech giants collectively lost $650 billion in market cap. The crypto market was also affected as Bitcoin dropped below $50,000, hitting $49,578. Young Ju warned on X that the crypto market…
Key Takeaways Grayscale’s Ethereum ETF experienced its lowest daily outflow. Despite mixed performance, the nine ETFs collectively saw net inflows of $98 million on Wednesday. Share this article Around $40 million exited the Grayscale Ethereum Trust, now trading as an exchange-traded fund (ETF) on August 6, according to data from Farside Investors. This marks the lowest daily outflow since its conversion from a trust last month.US spot Ethereum ETF saw positive flows on August 6The daily pace of outflows from the fund, operating under the ETHE ticker, hit a peak of $484 million on its debut date. ETHE outflows topped…
The Brazilian Securities Regulator (CVM) has begun sending letters to tokenization companies, inquiring about the nature of their operations. According to local reports, these letters require issuers to disclose which tokens were issued, their purported classification, and the assets supporting the issuance of such tokens. Brazilian Securities Regulator CVM Investigates Tokenization Companies’ Activities The Brazilian […] Source link
The dominant asset in the cryptocurrency market, Bitcoin (BTC), has experienced an unexpected and sharp decline, hitting levels not seen in months. At the moment, BTC exchanged hands at $50,899, marking a 16.40% dip over the last 24 hours. BTC/USD 1-Day Chart ( Source- CoinMarketCap ) Earlier today, it plunged to $49,111, marking its first fall below the $50K threshold since February. This steep decline starkly contrasts with the cryptocurrency’s impressive performance just a week ago when it soared to a $69,987 high on July 20. Since that peak, Bitcoin has lost over 28% of its value. Crypto Market Cap…
By the first quarter of 2025, builders could have the ability to architect their gaming blockchain. This stems from Ronin’s announcement, in which it stated its commitment to launching zero-knowledge EVM on the network. This will enable builders to construct their chains on top of the mainnet network. The idea is to leverage the potential of the Polygon Chain Development Kit, simply known as Polygon CDK. Ronin has defined this as a big step towards achieving scalability and a permissionless ecosystem. Builders who create their chains on the mainnet will have access to 1.5 million daily active users. This has…