Worldcoin revealed a partnership with Alchemy to build out infrastructure for its blockchain World Chain, which is also the new home for its World ID and World app.
Compute costs for AI are going up. Incentive-network-driven compute could be the key to saving you and your investors millions of dollars.
Tether’s USDT supply is growing at its fastest rate on the Telegram-linked The Open Network (TON) blockchain. According to Tether’s transparency page, the stablecoin issuer has issued $580 million worth of USDT tokens on the blockchain, and its net circulation sits at $519 million as of press time. This milestone comes less than two months […]
The post Tether USDT sees rapid $580 million growth on Telegram-linked TON blockchain appeared first on CryptoSlate.
OneCoin founder Ruja Ignatova went missing in Athens in 2017.
Bitstamp was one of the first crypto exchanges to list Tether’s euro-pegged stablecoin, the Euro Tether, in November 2021.
The head of El Salvador’s new crypto commission started his Bitcoin journey in 2013 and continues it today.
A DDoS attack targeting the Cardano network ended up with the attacker losing their own ADA used to perform the act.
The post Cardano devs outsmart DDoS attacker, stop disrupting attempt, and secure funds appeared first on Crypto Briefing.
Florida Congressman Matt Gaetz has ignited a fresh debate on the intersection of cryptocurrency and traditional finance. This week, Gaetz introduced a bill proposing Bitcoin (BTC) as a legitimate payment method for federal income taxes in the United States. The proposal aims to usher in a new era of tax efficiency and technological leadership for […]
The project, founded in 2022, says it aims to incorporate AI into decentralized applications with its "on-chain AI oracle."
Celebrity memecoins have become the latest crypto trend in 2024, with a slew of celebrity endorsements.
NOT price will likely undergo a major bullish reversal move in the coming weeks, supported by Notcoin's initiatives to bring more users to its gaming ecosystem.
Bitwise’s Chief Investment Officer (CIO) Matt Hougan recently discussed the inflows the US Spot Ethereum ETFs could attract. Specifically, he stated how much could flow into these funds in their first 18 months of trading. Spot Ethereum ETFs To Record $15 Billion In First 18 Months Of Trading Hougan mentioned in a note to investors that the Spot Ethereum ETFs could record $15 billion in net inflows in their first 18 months of trading. He elaborated on how he arrived at these figures to show that it wasn’t just a guess. First, Hougan highlighted the market capitalizations of Bitcoin and Ethereum and stated that he expects investors to allocate to their respective exchange-traded products (ETPs) in proportion to their market caps. Related Reading: Spot Bitcoin ETFs See 7 Consecutive Days Of Outflows, Here’s What Happened Last Time Hougan noted that US investors have, so far, invested $56 billion in Spot Bitcoin ETPs and expects that figure to reach $100 billion or more by the end of 2025, when these funds should have matured further and be approved on platforms like Morgan Stanley and Merrill Lynch. Using this as a reference, Bitwise’s CIO stated that the Spot Ethereum ETFs would need to attract $35 billion in assets to stay on par with the Bitcoin ETFs, which he believes could take about 18 months to happen. Hougan also highlighted that the Spot Ethereum ETFs will already have $10 billion in assets upon launch, thanks to the Grayscale Ethereum Trust (ETHE), which will convert to an ETF on launch day. Therefore, Hougan noted that the Spot Ethereum ETFs are now left with $25 billion in inflows to reach parity with the amount of inflows the Spot Bitcoin ETFs are expected to reach by 2025 year-end. Hougan then highlighted data from the international ETP markets to show that investors may be allocating to Bitcoin and Ethereum ETPs roughly in line with their market caps. Using The International Markets As A Point Of Reference According to Hougan, Bitcoin and Ethereum ETPs in Europe hold €4,601 and €1,305 in assets under management (AuM), which translates to 78% and 22% of the aggregate available funds in both markets. Similarly, Bitcoin and Ethereum ETPs in Canada have $4,942 CAD (77%) and $1,475 CAD (23%) respectively. Related Reading: Crypto Research Firm Says Bitcoin Crash Below $60,000 May Not Be The End, Here’s Why Working with Ethereum’s ETP market share in Canada, Hougan estimated that the US Spot Ethereum ETFs could also get 22% of the US market. Based on this, Hougan lowered the estimate of net inflows for the Spot Ethereum ETFs from $25 billion to $18 billion, excluding Grayscale’s assets. Hougan eventually lowered the estimated net inflows to $15 billion by factoring in the fact that a significant portion of the flows into the US Spot Bitcoin ETFs are related to carry trades. He removed $10 billion of carry trade-related AuM from the Bitcoin market, lowering his estimates for Bitcoin from $100 billion to $90 billion and for the Spot Ethereum ETFs from $18 billion to $15 billion. Featured image created with Dall.E, chart from Tradingview.com
Blast is the second largest layer 2 network with $1.6 billion in TVL.
Arbitrum users can now predict Ether price movements with PancakeSwap’s AI-powered market, leveraging Allora’s machine-learning data for accuracy.
Bitcoin-backed loans use cryptocurrency holdings as collateral, offering borrowers access to cash while retaining ownership of their Bitcoin.
The post Binance Takes Local Leap: UAE Operations Move to Binance FZE appeared first on Coinpedia Fintech News
Binance’s relation with controversy is not new and despite that the firm is dedicated towards their expansion goals. After much anticipation, Binance has finally secured a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), leading to a significant shift for its UAE users. Binance’s Strategic Move in UAE Binance announced …
Ripple Labs CEO Brad Garlinghouse criticizes SEC Chairman Gary Gensler's crypto regulatory approach, adding it might cost the election.
The post “Gensler will cause Biden to lose the election,” says Ripple Labs CEO appeared first on Crypto Briefing.
The post Ethereum ETFs Set for Launch: Will They Steal the Spotlight from Bitcoin? appeared first on Coinpedia Fintech News
Last week, nearly eight companies updated their S-1 amendments with the U.S. Securities and Exchange Commission (SEC), gearing up for the launch of a spot Ethereum ETF by early July. As anticipation builds for the Ethereum ETF, Markus Thielen, CEO of 10X Research, offers a measured outlook. He suggests that the Ethereum ETF might capture …
Shiba Inu has seen an acceleration in the number of burns being carried out on a daily basis. In the last day alone, the burn rate has more than doubled as investors pour out in an effort to reduce the supply of the meme coin. This triple-digit rise coincides with a recovery from the weekend […]
A new decentralized application aims to revolutionize product feedback and user engagement in the Web3 space by fostering direct interaction between users and product teams.
The post Binance US to Cease Operations in Washington by August 2024 appeared first on Coinpedia Fintech News
Amidst regulatory hurdles in many regions, Binance US has announced the cessation of its operations in Washington. This comes amidst increased regulatory scrutiny of the exchange. A deadline of August 20, 2024, has been set for closing all accounts based in the state. The motive behind the dismissal of operations in the state is the …
The prominent Web3 investor has held talks with investment banks, but is yet to finalize an advisor.
The post XRP Price: Bearish June Ends Soon; Here’s How Much Profit You Can Make in Bullish July appeared first on Coinpedia Fintech News
The XRP price took a nosedive, leaving a trail of red across the charts. Is this the end of the XRP dream or just a temporary setback? July might be a game-changer for XRP. Is this just a bump in the road or the start of something big? All these important questions were answered by …
The post Binance Secures VASP License in Dubai appeared first on Coinpedia Fintech News
Binance’s relation with controversy is not new and despite that the firm is dedicated towards their expansion goals. After much anticipation, Binance has finally secured a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), leading to a significant shift for its UAE users. Binance’s Strategic Move in UAE Binance announced …
The Cardano blockchain successfully defended against a Distributed Denial of Service (DDoS) attack aimed at stealing staked tokens. The attack had little impact on ADA’s value, up by a modest 0.4% during the last 24 hours to $0.38 as of press time, according to CryptoSlate’s data. Attack details On June 25, Fluid Token’s CTO, Raul […]
The post Cardano outsmarts DDoS attacker who ends up funding network improvements appeared first on CryptoSlate.
After months of farming and speculation, the Blast airdrop is here. How much will your points and gold be worth by the end of the day?
Terra Classic (LUNC), the phoenix attempting to rise from the ashes of the infamous TerraUSD crash, is once again capturing investor attention. Coincodex analysts predict a modest 10.7% price increase by July 25th, while renowned crypto analyst Javon Marks throws a much bolder 1,500% surge into the ring. So, is LUNC poised for a bullish breakout, or is this just another mirage in the volatile crypto desert? Related Reading: Injective (INJ) Price Prediction: Analyst Foresees Huge Jump To $380 A Token Reborn: LUNC Capitalizes On Market Volatility LUNC, once the backbone of the collapsed TerraUSD (USTC) stablecoin ecosystem, has defied expectations. While USTC lost its peg to the US dollar and spiraled into oblivion, LUNC has exhibited surprising resilience. The past 24 hours saw an 82% price jump, showcasing continued investor interest in the controversial token. This resilience coincides with a broader market trend where investors, wary of traditional assets, are seeking refuge in digital currencies perceived as having strong recovery potential. Analyst Divided: Measured Optimism Vs. Moon Shot Coincodex paints a picture of cautious optimism. Their prediction of a 10.7% rise suggests LUNC may experience a slow and steady climb. This aligns with the “Fear & Greed Index” which currently sits at a moderate “Fear” level, indicating a cautious market. We remain here $LUNC (Terra Classic)’s first target at $0.00058046, implying a more than +594% upside from here to reach it in response to a long-standing breakout. Trend-Wise, based on the previous breakout and climb, this level can be exceeded with heights of $0.00139122 being… https://t.co/rAbwsHIkqY pic.twitter.com/XOYdulvUc8 — JAVON⚡️MARKS (@JavonTM1) June 24, 2024 However, analyst Javon Marks throws a wrench into the mix with a far more audacious prediction. Marks posits a potential 1,500% price surge, targeting a price of $0.00139122. This bullish outlook hinges on the idea that LUNC is nearing a breakout phase, fueled by a combination of its recent price gains and historical data. A Balancing Act Of Hype And Reality While Marks’ prediction is certainly enticing, historical trends in the cryptocurrency market are littered with failed “moon shot” predictions. The extreme volatility inherent in the crypto space makes long-term price forecasting notoriously unreliable. Additionally, technical indicators currently lean bearish, suggesting potential short-term price dips. Investors should also consider the ongoing legal battles surrounding the Terra ecosystem, which could cast a shadow on LUNC’s future. Terra Classic Rejects Validator Expansion Proposal Meanwhile, the Terra Luna Classic community has rejected Proposal 12116, which sought to increase the blockchain’s validator set from 100 to 130. This proposal emerged in the wake of a $4.5 billion settlement between Terraform Labs, founder Do Kwon, and the US Securities and Exchange Commission. The aim was to enhance the network’s decentralization by incorporating validators from Terra Luna v2, potentially signaling a move towards unification within the Terra ecosystem. Related Reading: Fact Or Fantasy? Decoding The Bitcoin Rainbow Chart’s $250,000 Prediction However, the proposal did not gain sufficient support in the community’s governance voting. Concerns about integrating Luna v2 validators, the potential impacts on network security and performance, and the desire to maintain a distinct identity for Terra Luna Classic were significant factors in the decision. Featured image from Pexels, chart from TradingView
The two-year-old layer-1 blockchain is teaming up with the digital assets financial services provider to create new infrastructure options.
Discover how Ethereum ETPs are expected to attract $15 billion in inflows over the next 18 months according to Bitwise's CIO.
The post Spot Ethereum ETF to attract $15 billion by 2025’s end: Bitwise CIO appeared first on Crypto Briefing.
The post Altcoin Recovery: Identifying Trend-Breakers For Massive Gains appeared first on Coinpedia Fintech News
In a recent market analysis on The Sniper Trading Show, the analyst explained the shifting trends of cryptocurrency, bringing to attention several tokens poised for major movement in the coming days. Among the coins discussed were RNDR, AVAX, ETH, RUNE, DOGE, INJ, SOL, DOT, PEPE, and COTI, each presenting great opportunities in the market. The …