The court said the DAO’s financial details should be known to both sides as they hash out ownership and control issues. Source: https://cointelegraph.com/news/hong-kong-court-mantra-dao-rio-defi-dispute?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
Economist Editorial Claims 2024 Recession Is Inevitable—Is America Ready?
A U.S. recession in 2024 appears to be on the horizon, according to a recent editorial piece by the Economist. The article surfaces as warnings of an economic downturn grow louder, with the author asserting that “there is no escaping the squeeze ahead for America’s economy.” Economist Article Predicts 2024 Recession as Media Hypes Economic […] Source: https://news.bitcoin.com/economist-editorial-claims-2024-recession-is-inevitable-is-america-ready/
All of Trump’s Crypto Promises, From Boosting Bitcoin Mining to Firing Gensler
Former President Donald Trump has pitched big plans for crypto on the campaign trail, folding several promises into his reelection bid while trying to make inroads with digital asset owners. When it comes to the nascent industry, crypto isn’t listed among 20 core goals that make up the Republican Party’s official 2024 platform—and the topic didn’t come up during his…
SUI, Zcash (ZEC) and Helium (HNT) outperform everything except memecoins — Here is why
ZEC, HNT and SUI produce double and triple-digit gains even as the wider crypto market continues to reel from last week’s sharp correction. Source: https://cointelegraph.com/news/sui-zcash-zec-and-helium-hnt-outperform-everything-except-memecoins-here-is-why?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Restaking is “inevitable” but the risks are still uncertain — ether.fi CEO
Restaking yields are still mostly speculative, according to Mike Silagadze speaking at the Blockchain Futurist Conference. Source: https://cointelegraph.com/news/restaking-inevitable-risks-still-uncertain-ether-fi-ceo?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bukele Announces Private Investment of $1.61 Billion in Third Phase of Economic Overhaul Plan for El Salvador
President Nayib Bukele used his personal X account to present the third phase of his economic plan for El Salvador. Titled “Logistics,” this new phase will entail raising private investments to modernize the country’s port infrastructure. The first step involves an investment of $1.61 billion to modernize the Acajutla and La Union ports. Bukele Announces […] Source: https://news.bitcoin.com/bukele-announces-private-investment-of-1-61-billion-in-third-phase-of-economic-overhaul-plan-for-el-salvador/
Ex-Bitfarms interim CEO steps down amid board shakeup
Bitfarms announced a new member and leadership to its board as Riot Platforms’ still appeared poised to replace three members in October. Source: https://cointelegraph.com/news/ex-bitfarms-interim-ceo-steps-down-amid-board-shakeup?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin ETFs on Pace to Hold More BTC Than Even Satoshi
After months of accumulating billions of dollars’ worth of Bitcoin, the successful Bitcoin exchange-traded funds (ETFs) that launched this year are set to soon collectively hold more of the leading cryptocurrency than its mysterious, pseudonymous founder, Satoshi Nakamoto. A chart posted on Twitter (aka X) on Monday by Bloomberg ETF analyst Eric Balchunas shows that the 10 spot Bitcoin funds…
3 reasons why Bitcoin traders expect $100K+ BTC price by 2025
If Bitcoin follows its standard post-halving trajectory, its price should be in the six-figure range by 2025. Source: https://cointelegraph.com/news/3-reasons-why-bitcoin-traders-expect-100k-btc-price-by-2025?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin Skyrockets Past $61K—Over $23M in Shorts Wiped Out
On Tuesday, bitcoin’s price climbed to $61,600 after dipping below the $60,000 mark over the weekend. The leading cryptocurrency recorded a 2.9% increase against the U.S. dollar, boosting its seven-day gains to 6.9%. Crypto Chaos: Bitcoin Soars, Derivatives Traders Scramble After a brief dip below $60,000, bitcoin is back above that threshold, showing a modest […] Source: https://news.bitcoin.com/bitcoin-skyrockets-past-61k-over-23m-in-shorts-wiped-out/