[ad_1] Recent trends in the Bitcoin market have shown a significant flushing out of leverage, a process commented on by prominent crypto analyst Willy Woo. While this corrective phase has seen Bitcoin’s price fall to as low as $58,000 yesterday, it has partially rebounded, currently trading around the $61,500 mark. However, the journey could be smoother, as ongoing liquidations and market adjustments pose challenges. Analyzing The Depth Of Current Market Correction Woo’s insights highlight that Bitcoin’s market correction hasn’t been done despite the recent recovery. Particularly, the market continues to grapple with the impact of post-halving miner capitulations and the…
Author: dfrancis36
[ad_1] Nu Holdings, known as Nubank, Latin America’s largest fintech bank, has partnered with Lightspark to integrate the Bitcoin Lightning Network and UMA (Universal Money Addresses) into its platform. This collaboration aims to enhance Nubank’s services by enabling near real-time, low-cost Bitcoin and fiat transactions, according to a press release sent to Bitcoin Magazine.I’m thrilled that @nubank has selected @Lightspark to bring the Bitcoin Lightning Network and UMA (Universal Money Addresses) via the @umastandard to its platform and customers. Now working with the Nubank team on the integration. Vamos! https://t.co/yDYJpNXlKR ⚡ pic.twitter.com/HYuuImG08u— David Marcus (@davidmarcus) June 25, 2024 “We’re excited to…
[ad_1] The messaging app Telegram is witnessing a rise in the number of Toncoin (TON) ecosystem-focused scams, according to a report by blockchain reporter Colin Wu. Citing the blockchain security firm SlowMist, Wu says that there are currently “many phishing attacks” occurring in the ecosystem of the layer-1 blockchain aided by Telegram. “Many phishing links (or bots) are spread through groups, using fake airdrops and other methods to hack assets in users’ TON wallets, especially Anonymous Telegram Numbers. Many people use it to create Telegram accounts, and if it is stolen, it means that the corresponding Telegram account may also…
[ad_1] In a significant development for the cryptocurrency market, asset managers are eagerly preparing for the launch of new spot Ethereum ETFs, pending approval from the US Securities and Exchange Commission (SEC). Bitwise Chief Investment Officer (CIO) Matt Hougan has weighed in on the potential of these ETFs, predicting substantial inflows into the regulated market within the first months of trading. Market Data Suggests $15B Demand For Spot Ethereum ETFs Hougan’s projections are based on a thorough analysis of available data. He emphasizes that there is no need for speculation when estimating the demand for spot Ethereum ETFs. Instead, Hougan…
[ad_1] Company Name: THNDR GamesFounder: Desiree Dickerson, Jack Everitt, Greg Flor and Rafal GawelDate Founded: Originally founded in 2019 | Re-launched in 2021Location of Headquarters: London, UK with remote team membersAmount of Bitcoin Held in Treasury: “Not enough” (said Dickerson jokingly)Number of Employees: 6Website: https://www.thndr.games/Public or Private? PrivateDesiree Dickerson believes that games are a powerful way to onboard people to Bitcoin.She posits that, in recent history, games have been used to get people accustomed to using new technologies.“They put games on the original PCs to get users familiar with a mouse,” Dickerson told Bitcoin Magazine.“This is similar to Snake and…
[ad_1] Light Protocol and Helius Labs have introduced a new feature that aims to allow developers to build applications on Solana (SOL) at scale. Mert Mumtaz, chief executive of Helius, a Solana developer optimization service, says the new ZK compression feature will reduce costs directly on the project’s layer-1 without requiring layer-2s. “TL;DR (too long; did not read) – we compress on-chain state to get 10,000x scale improvements and get one step closer to building The Financial Computer – an unstoppable, global, atomic state machine syncing at the speed of light. For non-technical folks: developers can now build and scale…
[ad_1] An analyst has pointed out how Shiba Inu (SHIB), Solana (SOL), and Cardano (ADA) are among the altcoins seeing a buy signal on this indicator. Shiba Inu, Solana, & Cardano Form Buy Signal Following Market Crash In a new post on X, analyst Ali Martinez has talked about how a Tom Demark (TD) Sequential signal has formed for Shiba Inu, Solana, and Cardano recently. The “TD Sequential” here refers to an indicator in technical analysis (TA) that’s generally used for finding probable points of reversal in any asset’s price. This indicator typically involves two phases: setup and countdown. In…
[ad_1] Congressman Matt Gaetz (R-FL) has introduced legislation to allow federal income tax payments to be made in Bitcoin. Exclusively reported first by the Daily Wire, this bill aims to amend the Internal Revenue Code of 1986, instructing the Treasury Secretary to develop a plan for accepting Bitcoin.BREAKING: 🇺🇸 US Congressman Matt Gaetz introduces bill to allow federal income tax to be paid with #Bitcoin pic.twitter.com/mcflCTQejI— Bitcoin Magazine (@BitcoinMagazine) June 25, 2024 According to Gaetz, his proposal aims to modernize the tax payment process by allowing federal income tax to be paid with BTC.Gaetz told The Daily Wire: “By enabling taxpayers…
[ad_1] The Base blockchain continues to grow – with two joke tokens making headlines this week. Brett (BRETT), Base’s largest meme coin, has surged almost 20% in the past 24 hours. Hot on its tail, newcomer Base Dawgz (DAWGZ) is also causing a stir, having raised over $2 million since its ICO went live at the beginning of the month. BRETT Bounces Back – Is This Just the Beginning? BRETT is turning heads with its recent price action. After a period of uncertainty, BRETT has bounced back, currently trading at $0.155. Earlier today, the token even touched $0.162 before pulling…
[ad_1] FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 As Africa joins the global financial markets, its unique economy fuels forex and CFD trading innovation. Discover growth drivers: tech advancements, regulations, and increased financial education for African traders. See how these factors enhance trading accessibility, transparency, financial inclusion,…