Author: CryptoHoppers
Ethereum has a slightly more bullish bias for the coming week. The Bitcoin consolidation phase was still ongoing, and a revisit to $60k was growing more likely. Bitcoin [BTC] traders were going through a relatively tough period after the easy, straightforward rallies that have been the norm since last October. Ethereum [ETH] has been more complicated, but BTC’s halving event last month has changed the market conditions to chop and range formations all over the market. AMBCrypto investigated what the market sentiment was looking like over the weekend, and where this week’s price action could go. One of the two…
Wall Street is seriously getting into turning blockchain tests into real money-making products. Big names like JPMorgan and WisdomTree are in on this game, pushing what they’ve learned from Project Guardian. Turning Tests into Products Stephanie Lok from JPMorgan’s blockchain group Onyx says it’s all about making those pilot programs into something you can actually use. Speaking at TokenizeThis in Miami, she got into how JPMorgan, with the Monetary Authority of Singapore, is all over investment fund tokenization. “We want to see how we can take it forward. Investment fund tokenization is where we’re really focusing a lot of our…
Share this article Blockchain games dominated the first quarter, representing 30% of all on-chain activity in this period, according to the “State of the Dapp Industry Q1 2024” report by DappRadar. The report highlights that an average of 2.1 million wallets were active daily during Q1.This dominance in gaming activity on the blockchain could mean that analysts’ expectations about Web3 games focusing on entertainment this cycle are being fulfilled. MetalCore is a blockchain shooting game from this new batch of titles focused on entertaining gameplay, and it is finding success in its second closed beta testing.“[The number of players] It’s…
A senior Bloomberg ETF analyst predicts that spot ethereum exchange-traded funds (ETFs) in the U.S. are unlikely to emerge this year. Despite the Securities and Exchange Commission (SEC) approving spot bitcoin ETFs, the same is not expected for Ethereum due to different regulatory considerations. The forthcoming U.S. election could further impact this scenario, potentially altering […] Source link
Billionaire and tech entrepreneur Jack Dorsey expects big things from Bitcoin (BTC) in the next six years. In a new interview with tech-focused news site Pirate Wires, the Twitter co-founder predicts that the top crypto asset will skyrocket to “at least” $1 million by 2030. “I do think it hits that number and goes beyond. But I think the price is only interesting… The most amazing thing about Bitcoin, apart from the founding story, is anyone who works on it, or gets paid in it, or buys it for themselves – everyone who puts any effort in to make it…
Core is Avalanche’s premium native ecosystem wallet and portfolio, and its airdrop tool guarantees seamless token distribution. Core empowers any builder to strategically reward its loyal community members. To celebrate the powerful features of Core, they have rewarded all participants from their Core Memecoin Month. Participants will receive a distributed reward in the same meme coin they used during the splendid event. If a participant qualifies for COQ’s memecoin week, he or she will be airdropped COQ coins. The remarkable feature of Ava Labs’ new airdrop tool is that it effectively addresses challenging problems with airdrops. Cost-effective promotional airdrop tools…
Venturing into crypto trading brings excitement but also challenges. Among these, one crucial factor stands tall: risk management. Ignoring this can turn your investment success sour. In our exploration, we will dive into mastering risk in crypto trading. We will also shed light on the link between fear and risk, showing how understanding one can tame the other. Get ready for a journey into the core of managing risk and fear in the world of cryptocurrency trading. 1. What’s Risk Management in Crypto Trading Are you ready for this discussion? Then, at first, we can start with a simple definition. Risk management in…
Bitcoin has been recognized to have been in a consolidation phase for almost 50 days. It is closer to the historical record of 63 days. However, analysts are apprehensive about the potential next surge once BTC concludes its depressing phase. Its price movement has been mostly within the restricted zones of $61,000 and $63,000. It is only recently that it navigated its way out of that shell. For reference, BTC is trading around $63,123.07, up by 3% in the last 24 hours at the time of writing this article. This has triggered speculation that a jump to $70,000 is imminent.…
The Justice Department named Forensic Risk Alliance as Binance’s outside monitor after it pleaded guilty to violating U.S. money-laundering regulations and trade sanctions. According to sources who requested anonymity due to the confidentiality of the matter, the Forensic Risk Alliance (FRA) was selected over Wall Street law firm Sullivan & Cromwell and several other top contenders. Neither the Justice Department nor spokespeople for Sullivan & Cromwell or FRA provided immediate comments. The monitor appointment was a stipulation of Binance’s November plea agreement. The world’s largest crypto exchange also consented to pay $4.3 billion in penalties. Binance’s founder, Changpeng Zhao, pleaded…
Share this article ARK Invest and 21Shares have amended their S-1 form for the proposed spot Ethereum exchange-traded fund (ETF) by removing the staking component, as shown in a filing dated May 10.In February, the two firms updated their filing with the option to stake Ethereum, in addition to cash-only redemption. Staking is considered a good way for fund managers to profit from the large amounts of crypto that ETFs can hold beyond just earning management fees.However, at the time, experts suggested that ARK Invest’s staking proposal for Ethereum was more of a “probe” to test the Securities and Exchange…