El Salvador has been stockpiling Bitcoin since 2021, the same year the country made the orange coin legal tender. With Bitcoin’s recent spike in value, El Salvador’s President Nayib Bukele took to Twitter to brag, as the country hit $100 million of unrealized profit. “I told you so,” Bukele said on Twitter. This comes after the President faced backlash for…
Category: News
Crypto market in ‘extreme greed,’ needs deleveraging before $100K BTC
The last time the Crypto Fear & Greed Index had a score of 80 was on April 9, just before Bitcoin saw an over 18% correction over the following three weeks. Source: https://cointelegraph.com/news/crypto-market-enters-extreme-greed-needs-deleveraging-before-100k-btc?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Record Breaking Volume for Blackrock ETF as Bitcoin Keeps Hitting New All Time Highs
Blackrock’s spot bitcoin exchange-traded fund (ETF) set a new daily trading volume record after bitcoin hit $89,000 for the first time. Bitcoin ETFs Continue to Set New Records With bitcoin hitting new all time highs on a daily basis, bitcoin ETFs have experienced the same boom with lots of new capital pouring in. The biggest […] Source: https://news.bitcoin.com/record-breaking-volume-for-blackrock-etf-as-bitcoin-keeps-hitting-new-all-time-highs/
Dogecoin Peaks at 43 Cents on Continued Election Glee
Dogecoin (DOGE) ballooned to $0.4398 on crypto exchange Binance on Tuesday, marking its highest value in over three years. The Shiba Inu-themed meme coin saw a massive 143.2% rise in the past week, significantly outpacing Bitcoin’s (BTC) 28.2% gain during the same period, as per CoinGecko data. The rally follows Donald Trump’s election win, boosting optimism for speculative assets such…
FanDuel Co-founders Launch Crypto Casino and Sportsbook Company, BetHog, and Secure $6M Seed Round
PRESS RELEASE. NEW YORK, NY (November 12, 2024) – BetHog, a new cryptocurrency casino and sportsbook, announces its public launch with $6 million in seed funding led by 6MV with participation from Will Ventures, Bullpen Capital, Karatage, Advancit Capital, and several angel investors including Chris Grove, Partner Emeritus at Eilers & Krejcik, LLC and Josh […] Source: https://news.bitcoin.com/fanduel-co-founders-launch-crypto-casino-and-sportsbook-company-bethog-and-secure-6m-seed-round/
Justin Drake proposes ‘Beam Chain’ to replace Ethereum Beacon Chain
Ethereum researcher Justin Drake said that when it comes to staking, the proposal aims to change the requirements from 32 ETH to 1 ETH. Source: https://cointelegraph.com/news/ethereum-beam-chain-consensus-redesign?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Western Web3 games need to use Gacha mechanics to conquer Asian markets
The Asian gaming market is the world’s biggest. It has the most players and significant spending on consumables and represents the most lucrative opportunity for any Western game studio. Source: https://cointelegraph.com/news/western-web3-games-need-to-use-gacha-mechanics?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Wave of All-Time Highs Causes Trading Volume of Hong Kong Spot Bitcoin ETFs to Skyrocket
As bitcoin prices continue to reach new highs, the prices of related spot exchange-traded funds (ETFs) have surged significantly. According to the Hong Kong Stock Exchange, the three spot Bitcoin ETFs listed in Hong Kong recorded a trading volume of over HK$120 million last week, marking a remarkable increase of more than 55% compared to […] Source: https://news.bitcoin.com/wave-of-all-time-highs-causes-trading-volume-of-hong-kong-spot-bitcoin-etfs-to-skyrocket/
Bitcoin ETFs rope in $2.6B investments amid weekly bull run
United States investors increased exposure to Bitcoin and Ether ETFs as a strong price rally fueled unprecedented inflows. Source: https://cointelegraph.com/news/bitcoin-price-rally-spot-etfs-inflows-nov-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Decrypt, HashKey Capital Launch Layer East Media at Thailand Blockchain Week
Decrypt and HashKey Capital joined leading Asia-Pacific media platforms at Thailand Blockchain Week to formally launch Layer East Media, a strategic alliance that “represents a key step in bridging the East and West for Web3.” The eight founding members—Decrypt, HashKey Capital, Coinpost, Bitcoin Addict (Cryptomind Group), Coin68, PANews, Odaily, and Coinvestasi—signed an MOU agreeing on a “unified approach to responsible…