[ad_1] Traditional finance (TradFi) is starting to take the lead on tokenizing real-world assets (RWA), says blockchain data tracker Kaiko Analytics. According to a new Kaiko Research post, TradFi giants like Fidelity, JPMorgan, and BlackRock are leading the new wave of RWA tokenization using crypto. “Last week, Fidelity International announced its participation in JPMorgan’s tokenized network, becoming the latest institutional player to join the rapidly growing tokenization trend. In parallel, BlackRock’s BUIDL, its tokenized liquidity fund, continues to grow and has now accumulated over $460 million. Since its launch in March, BlackRock’s BUIDL has outpaced several crypto-native firms, including Maple…
Author: dfrancis36
[ad_1] XRP price is struggling to gain bullish momentum above $0.50. The price must settle above $0.50 and $0.520 to start a steady increase in the near term. XRP price extended losses before it found support near the $0.4765 zone. The price is now trading above $0.4850 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $0.4980 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a decent increase if it settles above the $0.50 resistance zone. XRP Price Holds Support XRP price failed to…
[ad_1] On-chain data shows that Bitcoin has been seeing an exodus of investors recently, while the Ethereum network has continued to grow. Total Amount Of Bitcoin Holders Have Just Seen Largest Drop Since March According to data from the on-chain analytics firm Santiment, the Total Amount of Holders indicator has just seen its largest 3-day drawdown for Bitcoin since March. As the metric’s name already implies, the “Total Amount of Holders” keeps track of the total number of wallets on a given cryptocurrency network currently carrying a non-zero balance. When the value of this metric goes up, it suggests that…
[ad_1] A closely followed analyst says altcoins showing relative strength amid the latest crypto correction will be the first to print new highs this year. Analyst Jason Pizzino tells his 108,800 followers on the social media platform X that he’s keeping an eye on altcoins that are printing bullish higher low setups. “Strong altcoins continue to hold their higher lows. If they hold these levels, they will be the first to break out into new, fresh highs and/or all-time highs in 2H 2024.” In a video update, Pizzino says he has come up with a list of altcoins that are…
[ad_1] The crypto industry has been a crucial topic in the electoral campaign for the November US presidential elections. This year, presidential candidates have embraced cryptocurrencies to obtain the industry’s support. As a result, the community has capitalized on the momentum with Memecoins. Related Reading PolitiFi tokens, a new memecoin category inspired by political figures, have performed remarkably this Q2. Trump-inspired tokens have been the talk of the town after the Republican candidate started endorsing cryptocurrencies. However, these memecoins have suffered a massive 30% drop in the last 24 hours. An Official DJT Token? On Monday, Pirate Wires’ X account…
[ad_1] Sonic, a gaming-focused layer-2 blockchain built on Solana, has successfully raised $12 million in a recent funding round. The Series A round was led by Bitkraft and included investments from Galaxy Interactive and Big Brain Holdings. The funds will be allocated to expanding the Sonic protocol, which features game development tools tailored for the Solana ecosystem. According to the press release, Sonic offers “built-in mechanisms designed specifically for game development and execution on Solana, such as a sandbox environment, customizable gaming primitives, and extensible data types, all while providing the fastest on-chain gaming experience.” Sonic was developed by Mirror…
[ad_1] Gen-Z is, without a doubt, the most tech-savvy generation. Growing up with technology from day one, they possess an innate understanding of digital platforms and navigate the online world with ease. This generation’s familiarity with technology makes them naturally inclined towards innovations like Bitcoin, often dubbed the “Internet of money”. However, traditional marketing strategies such as print ads, billboards, and TV commercials will fall flat with this audience, so how do you reach them?Understanding Generational DifferencesBefore diving into effective marketing strategies for Gen-Z, let’s compare them with previous generations. Gen-Z:Born with a smartphone in their hands (almost, but you…
[ad_1] Bitcoin, the undisputed king of cryptocurrencies, finds itself in a tug-of-war between bullish whispers and bearish roars. While some analysts point to technical indicators hinting at a price surge, others warn of potential pitfalls lurking beneath the surface. Related Reading Bulls See Bullish Flags And Futures Technical analysts are a curious breed. They speak in a language of charts, patterns, and indicators, deciphering the cryptic movements of the market. One such indicator, the bullish flag pattern, has some analysts, like Gert van Lagen, cautiously optimistic. $BTC [2D] – The handle of the 3Y+ Cup with Handle itself qualifies as…
[ad_1] Recent spikes in Google search queries related to cryptocurrencies have often signaled major market peaks, aligning with Warren Buffett’s advice to buy in doom and sell in boom. This pattern now appears in the market for AI-related tokens. Tokens like FET, RNDR, TAO, and GRT have seen their market value drop by up to 30% over the past week, according to data from Coingecko. Concurrently, Google Trends indicates that search interest in artificial intelligence has likely peaked. FET ranks as the fourth-worst performing among the top 100 cryptocurrencies in the past seven days. In contrast, Bitcoin fell just 2.8%…
[ad_1] Company Name: Mi Primer BitcoinFounder: John Dennehy Date Founded: August 2021Location of Headquarters: El SalvadorAmount of Bitcoin Held in Treasury: Approximately 0.5 BTCNumber of Employees: 21Website: https://miprimerbitcoin.io/Public or Private? Private (Non-profit)John Dennehy wants to change the world — and he believes that Bitcoin education is a means to do so.Dennehy sees Bitcoin as a tool to help individuals reclaim agency in their lives, and he understands that education is integral to helping people use this tool.So, in late-2021, he created a Bitcoin education platform called Mi Primer Bitcoin (My First Bitcoin) as a means to empower everyday Salvadorans.He believes…