[ad_1] At the 2024 Bitcoin Policy Summit, Nicaraguan pro-democracy activist Félix Maradiaga shared his insights on the severe challenges facing his country, which is under the autocratic rule of Daniel Ortega.According to Maradiaga, the Nicaraguan people are losing their freedoms at an alarming rate.“According to the Freedom in the World report, we have the very unfortunate label of being the country that over the last year has lost the most freedoms,” Maradiaga told Bitcoin Magazine.“Imagine a country in which you could go to prison for raising the national flag, for tweeting, for receiving a remittance from an international donor or for expressing…
Author: dfrancis36
[ad_1] BitMEX co-founder Arthur Hayes is increasing his bullish sentiment on both Dogecoin (DOGE) and Pendle (PENDLE) despite the sudden crypto downturn. Hayes tells his 524,900 followers on the social media platform X that there remains more upside potential this cycle for memecoin DOGE and Pendle, which allows users to tokenize and sell future yields. “I’m loving this choppy sideways to down shitcoin price action. I’m adding to my bags of PENDLE and DOGE.” DOGE is trading for $0.12 at time of writing, up more than 2% in the last 24 hours. Meanwhile, PENDLE is trading for $5.65 at time…
[ad_1] The Cardano decline in the past week seems to be coming to an end, as evidenced by on-chain data. While the overall crypto market has been in a slump, Cardano is starting to buck the trend. ADA, Cardano’s native token, has seen a huge surge in on-chain transactions from large holders, indicating sporadic activity and interest in the blockchain. Notably, transaction data shows that Cardano has registered over $10 billion worth of large transactions in the past 24 hours, representing a 26% increase within the time frame. Furthermore, this puts the worth of ADA large transactions at $32.54 billion…
[ad_1] The media is buzzing about Trump’s recent endorsement of Bitcoin.Looking at Bitcoin Perception data (chart below), coverage of Bitcoin together with Trump has increased month-over-month since the start of the year, but last week saw quite a stir, since the endorsement seems to be amplifying an already existing anti-Bitcoin bias among some outlets. Image credit: Mainstream media coverage of Trump + Bitcoin has increased since the start of 2024. (Bitcoin Perception) Forbes, Fox, and CNBC covered Trump’s move as a positive step for U.S. energy security and economic strength. They highlight how Bitcoin mining could boost energy dominance and…
[ad_1] Andrew Kang, co-founder of Mechanism Capital, voiced concerns over the potential volatility and impending price correction of Solana (SOL) in a market analysis posted on X. His comments come amid a broader dialogue concerning the delayed second wave of US spot Bitcoin ETFs, which he now anticipates could be pushed back by one to two quarters. He states, “I believe the timeline for this is delayed by 1-2 quarters. Some market views. Experts now suggest that solicitation approval/ETFs added to wealth management platforms is slated for Q4 instead of late May as originally suggested.” He believes that this delay…
[ad_1] MicroStrategy, a leading business intelligence and software company, has continued its steadfast commitment to Bitcoin by purchasing an additional 11,931 BTC at a total cost of $786 million.BREAKING: MicroStrategy buys an additional 11,931 #Bitcoin for $786 million. pic.twitter.com/H7XN5XtBtK— Bitcoin Magazine (@BitcoinMagazine) June 20, 2024 On June 18, MicroStrategy completed a private offering of convertible senior notes, which included a 2.25% coupon and an approximately 35% conversion premium over the U.S. composite volume weighted average price of MicroStrategy’s class A common stock. The offering was well received in the marketplace and upsized to a total of $800.0 million in aggregate…
[ad_1] A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on Ethereum (ETH). The analyst pseudonymously known as Credible Crypto tells his 399,000 followers on the social media platform X that the prospects of Ethereum falling below $1,600 are low and that the second-largest crypto asset’s support level is between $2,800 and $3,430. According to Credible Crypto, the recent decision by the U.S. Securities and Exchange Commission (SEC) to end an investigation into whether Ethereum is a security serves as a bullish catalyst that could send ETH to a new all-time high. “The SEC backing off ETH is…
[ad_1] Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become…
[ad_1] VanEck’s spot Bitcoin ETF (VBTC) has officially launched on the Australian Securities Exchange (ASX), Australia’s largest stock market. The ETF was approved earlier this week and is now available for trading, providing Australian investors with a simplified and secure way to gain exposure to Bitcoin.NEW: VanEck's spot #Bitcoin ETF officially went live on Australia's largest stock exchange 🇦🇺 pic.twitter.com/m0gehtEd70— Bitcoin Magazine (@BitcoinMagazine) June 20, 2024 “ASX welcomes VBTC to the exchange!” announced ASX. “Congratulations to the VanEck Australia team for launching the first crypto ETF on ASX.” The launch of VanEck’s Bitcoin ETF on ASX offers a more accessible option for investors who prefer traditional…
[ad_1] Ethereum, the second-largest cryptocurrency by market capitalization, is currently at a critical juncture as its price enters a consolidation phase. This period of price stability, marked by a narrow trading range, has left traders and investors in a state of uncertainty. With Ethereum’s price hovering around key support and resistance levels, market participants are closely monitoring technical indicators and market signals to anticipate the next move. The current consolidation reflects a balance between bullish optimism and bearish caution, creating an environment of indecision that could lead to significant volatility once a breakout direction is established. This analysis delves into…