Pantera Capital, a heavyweight crypto firm that manages $5.2 billion in assets, has started raising funds to buy $250 million worth of FTX’s stash of Solana (SOL) tokens. Pantera is hoping to buy them at a deep discount. They’re hoping to pay 39% lower than SOL’s 30-day average price or $59.95 per token. But the deal would come with an…
According to the latest data, bitcoin has been trading above the $67,000 mark, with average network transaction fees experiencing a 288% increase from $3 to $11.64 since Feb. 25, 2024. Meanwhile, BTC has consistently stayed over the $60,000 level for eight straight days, elevating the daily value of one petahash per second (PH/s) of mining […] Source: https://news.bitcoin.com/bitcoins-hash-price-soars-as-average-network-fees-spike-by-288/
The recent adoption of cryptocurrency by traditional financial (tradfi) institutions is likely to reshape user perceptions of this asset class and may even foster broader acceptance of blockchain technology, Sami Start, co-founder and CEO of the crypto trading platform Transak, has argued. Start added that the entrance of tradfi institutions into this market is likely […] Source: https://news.bitcoin.com/entry-of-tradfi-institutions-can-help-reshape-user-perceptions-towards-crypto-sam-start/
As the popularity of cryptocurrencies continues to soar, the allure of earning these digital currencies for free is becoming even more enticing. In 2024, there are numerous methods that individuals can explore to accumulate crypto without spending any money. However, it is important to approach these opportunities with caution and a well-informed mindset. This guide outlines 10 effective ways to…
PRESS RELEASE. LBank Labs, a prominent blockchain venture fund, has invested in Versatus, the Universal dApp Engine, to address one of the most critical roadblocks in realizing Web3’s immense promise – the developer shortage. Despite over 27 million developers worldwide, less than 0.1% build for Web3. And out of those few, most leave within a […] Source: https://news.bitcoin.com/lbank-labs-invests-in-versatus-to-revolutionize-web3-development/
The chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, refused to be drawn on whether the regulator considers Ethereum to be a security—even as the SEC considers multiple applications for spot Ethereum ETFs. Speaking on Bloomberg TV, Gensler said he would “defer on that question,” when pressed on whether the regulator viewed Ethereum as a security. “On any…
We’re thrilled to announce that Dymension (DYM) and Jupiter (JUP) are now available on Kraken for residents in Canada! Funding and trading DYM and JUP funding and trading are live in Canada. Add DYM and JUP to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. Only deposit DYM on Dymension and JUP on Solana. Deposits…
When Bitcoin set a new all-time high earlier this week, it pushed Solana—and most other major digital assets—to the highest price it’s been for a long time. The $139.96 it saw on Tuesday, March 5 was the highest SOL has been since January 2022. But now, even though Bitcoin has slipped below $67,000, the Solana price has pushed past the…
As the 2024 US presidential election approaches, memecoins named after Donald Trump (TRUMP) and Joe Biden (BODEN) are experiencing significant fluctuations, reflecting their popularity and potential as prediction markets. The Trump-inspired TRUMP token has recorded a notable increase of 242.9% in a month and 17.9% in a week, while the Biden-inspired BODEN token surged by […] Source: https://news.bitcoin.com/election-fever-hits-cryptocurrency-trump-and-boden-tokens-surge/
Wormhole, a platform fostering blockchain interoperability within decentralized finance (defi), has unveiled plans for an airdrop of its proprietary token, W. The initiative is part of the protocol’s broader aim toward progressive decentralization, rewarding dedicated users and developers within the Wormhole ecosystem. Wormhole to Airdrop W Token to Advance Defi Interoperability Wormhole, a facilitator of […] Source: https://news.bitcoin.com/navigating-the-wormhole-airdrop-defis-next-big-token-drop-explained/
