Bitcoin short-term holders waste no time in sending coins in profit to exchanges for a mass profit-taking event. Source: https://cointelegraph.com/news/bitcoin-profit-taking-74k-peak-speculators-binance-500m?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: October 2024
Mercy Corps CIO explains how NGOs can integrate blockchain to amplify their efforts
Rapid and efficient humanitarian aid distribution is enhanced through the use of blockchain technology. Mercy Corps CIO Scott Onder explains how. Source: https://cointelegraph.com/news/mercy-corps-cio-explains-how-ngos-can-integrate-blockchain-to-amplify-their-efforts?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
What is Neiro, and why is it trending?
Neiro is a cryptocurrency gaining attention for its DeFi capabilities and potential high rewards, driving its recent trend in the market. Source: https://cointelegraph.com/explained/what-is-neiro-and-why-is-it-trending?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Why is Litecoin price up today?
Today’s LTC price surge comes after Canary Capital filed for a spot Litecoin ETF and Bitcoin reached a multimonth high. Source: https://cointelegraph.com/news/why-is-litecoin-price-up-today?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Nigeria Receives Nearly $100,000 From Unlicensed Crypto Firms
The Nigerian government received nearly $100,000 from two cryptocurrency firms accused of conducting unlicensed conversions of tether (USDT) to naira and vice versa. The two Nigerian cryptocurrency firms, Paparaxy Global Ventures Limited and Lemskin Technologies Limited were accused of operating without a banking license. Plea Agreement The Nigerian Federal Government recently received nearly $100,000 (NGN160 […] Source: https://news.bitcoin.com/nigeria-receives-nearly-100000-from-unlicensed-crypto-firms/
RWA tokenization sector could see 50x growth by 2030: Report
Financial markets could drive a significant part of the sector’s growth above $10 trillion, potentially reshaping investing and asset ownership by 2030. Source: https://cointelegraph.com/news/rwa-tokenization-sector-50x-growth-2030-report?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Ripple Invests $25M in Bitnomial’s Platform to Build Regulated Derivatives Market for Digital Assets Like XRP
Crypto derivatives exchange Bitnomial is set to launch its U.S. perpetual futures trading platform, Botanical, backed by a $25 million round led by Ripple. The platform, integrating Ripple’s stablecoin RLUSD, aims to challenge decentralized exchanges and offshore models. Bitnomial’s approach to bringing offshore trading models into the U.S. derivatives industry presents a significant market opportunity, […] Source: https://news.bitcoin.com/ripple-invests-25m-in-bitnomials-platform-to-build-regulated-derivatives-market-for-digital-assets-like-xrp/
Sonic Co-Founder Andre Cronje Criticizes Ethereum L2 Appchain Adoption
Andre Cronje, co-founder of Sonic and yearn.fi, criticized the growing trend of creating Ethereum Layer 2s designed and tailored for a specific protocol or decentralized finance app (Appchains). Cronje detailed that this approach had many downsides, including the lack of infrastructure, zero possibilities of receiving support, centralization, fragmentation of liquidity, and the lack of a […] Source: https://news.bitcoin.com/sonic-co-founder-andre-cronje-criticizes-ethereum-l2-appchain-adoption/
Early Bitcoin-era whale moves $630K to Kraken, $5.5M in 2 months
After the latest $630,000 transfer, the Bitcoin whale has now sent $5.47 million worth of Bitcoin to Kraken in the last two months. Source: https://cointelegraph.com/news/satoshi-era-bitcoin-whale-moves-over-5-million-2-months?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Malta-Based Investment Company to Follow Microstrategy’s Bitcoin Playbook
Samara Asset Group, a Malta-based investment company focused on seeding tech and crypto startups, aims to follow the Microstrategy playbook by announcing a bond whose proceeds will grow its bitcoin portfolio. Co-founded by cryptocurrency proponent Mike Novogratz, the company’s mission is to empower its shareholders “to participate in the performance of their strategies and disruptive […] Source: https://news.bitcoin.com/malta-based-investment-company-to-follow-microstrategys-bitcoin-playbook/