Despite the growing number of investors, only 10% held over $7,200 worth of digital assets in their crypto portfolios. Source: https://cointelegraph.com/news/south-korean-investors-rise-21-cex-profits-up-106-yoy?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: October 2024
BTC price risks new 'FOMO' top as Bitcoin ETF inflows near $1B daily
Bitcoin ETFs are making traders nervous due to their history of marking BTC price local tops in 2024. Source: https://cointelegraph.com/news/btc-price-new-fomo-top-bitcoin-etf-inflows-1b-daily?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
BTC price risks new 'FOMO' top as Bitcoin ETF inflows near $1B daily
Bitcoin ETFs are making traders nervous due to their history of marking BTC price local tops in 2024. Source: https://cointelegraph.com/news/btc-price-new-fomo-top-bitcoin-etf-inflows-1b-daily?utm_source=rss_feed&utm_medium=rss%3FREFRESH1635317210721&utm_campaign=rss_partner_inbound
Ethereum reclaims 42% outflows from Solana: DeFi Report
The DeFi Report founder, Michael Nadeau, explained that most of the value that left Ethereum flowed to layer-2s that would continue to drive value to the layer-1 blockchain. Source: https://cointelegraph.com/news/solana-ethereum-tvl-flow-data-defi-report?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Singapore bolsters fintech hub with Global Finance Technology Network
The GFTN is established as the second phase of Singapore’s fintech growth initiative, which focuses heavily on payments, asset tokenization, AI and quantum computing. Source: https://cointelegraph.com/news/singapore-global-finance-technology-network?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Dogecoin’s breakout from 3-year channel signals 500% rally potential in 2025
DOGE is breaking out of a symmetrical triangle pattern with an ultimate price target hovering around $2. Source: https://cointelegraph.com/news/dogecoin-breakout-3-year-channel-500-rally-potential-2025?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Nigerian Fintech Reaches Unicorn Status With $110 Million Google-Backed Funding Round
Moniepoint, a Nigerian fintech company, has raised $110 million in Series C funding to expand its services across Africa and globally, becoming the latest Nigerian fintech unicorn. Moniepoint Seeks to Serve Global African Market with New Funding Moniepoint, a Nigerian fintech company, recently announced it had raised $110 million in a Series C funding round […] Source: https://news.bitcoin.com/nigerian-fintech-reaches-unicorn-status-with-110-million-google-backed-funding-round/
Teen Helps Al Qaeda Raise Funds in Crypto, Faces Limited Playstation Use
A 16-year-old from East London, accused of raising crypto and offering cyber expertise to Al Qaeda, has been granted bail with restricted digital access, allowing him to use his PlayStation offline only. Prosecutors allege the teen, who cannot be named for legal reasons, attempted to raise approximately $1,300 in crypto for extremist groups, including Al Qaeda and the Pakistani Taliban,…
Coinshares Report: Inside Bitcoin’s Cost Crunch—Why Mining Expenses Are Hitting Record Highs
Coinshares’ Q3 mining report, led by researcher James Butterfill, highlights mounting costs and challenges impacting the bitcoin mining industry in 2024. How Bitcoin Mining Industry Giants Are Battling Rising Prices The Coinshares Q3 mining report, with research led by James Butterfill, reveals that bitcoin mining costs are rising, reaching an estimated $49,500 per bitcoin (BTC) […] Source: https://news.bitcoin.com/coinshares-report-inside-bitcoins-cost-crunch-why-mining-expenses-are-hitting-record-highs/
MicroStrategy shares fumble as Q3 earnings fall just short of estimates
MicroStrategy’s stock price dropped after its Q3 earnings missed estimates, while an analyst forecasts more potential volatility after the US elections. Source: https://cointelegraph.com/news/microstrategy-q3-earnings-estimates-mstr-share-price-bitcoin-michael-saylor?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound