[ad_1] The Bitcoin market has witnessed significant shifts recently, influenced by macroeconomic factors and changing investor sentiments. Last week, digital asset investment products saw substantial outflows, which CoinShares attributed to several key economic updates. These included the release of US CPI data, the Federal Open Market Committee (FOMC) meeting, and Producer Price Index (PPI) figures. These events seemed to spark a rapid surge in Bitcoin price, pushing it briefly towards the $70,000 mark before a swift downturn adjusted the valuation back to around $65,000. Related Reading Market Shifts: BTC Faces Major Outflows While Some Altcoins Attract Investment So far, this…
Author: dfrancis36
[ad_1] The layer-2 blockchain has launched its much-anticipated airdrop of the ZK token, with 45% of the tokens claimed within the first two hours, according to the ZKsync Association. This non-profit organization, created by Matter Labs, oversees the airdrop process. “It’s a Monday, don’t you have work?” the ZK Nation X account tweeted, noting the rapid claim rate. The ZK token opened at $0.31 but has since decreased by 21%, trading at $0.24 according to CoinGecko. The market capitalization is approximately $908 million based on the circulating supply, with about 3.7 billion tokens eligible for distribution. The fully diluted market…
[ad_1] Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Builders of new payment frameworks on the continent will share their insights on shaping “cowrie shell” systems for the digital age. MODERATOR: Hwalani Mabaso , Country Director | Women in Tech South Africa Provincial General Manager | Absa SPEAKERS: Nthabiseng Sibanda, Regional Head: Payments, Africa…
[ad_1] The Australian Securities Exchange (ASX), the largest stock exchange in Australia, has recently approved the listing of its first spot Bitcoin exchange-traded fund (ETF). The VanEck Bitcoin ETF (VBTC), which will begin trading on June 20, will be issued by asset management firm VanEck. This approval follows VanEck’s successful launch of the VanEck Bitcoin Trust (HODL), in the United States earlier this year. Australia’s Bitcoin ETF Market Heats Up VanEck’s CEO for the Asia-Pacific region, Arian Neiron, highlighted the increasing demand for Bitcoin exposure in Australia, particularly through regulated and transparent investment vehicles. Recognizing Bitcoin as an emerging asset…
[ad_1] Altcoins have taken another leg down to start the week while most digital assets continue a multi-month downtrend. At time of writing, the total market cap of all crypto assets (TOTAL) is valued at $2.32 trillion, down from $2.39 trillion earlier in the day – a $70 billion haircut. According to crypto data aggregator Coinglass, there has been over $242 million in liquidated positions, largely from traders attempting to long altcoins. Coinglass’s current data shows that traders bullish on Dogecoin (DOGE) have been the hardest hit of anyone in the last 12 hours, with other altcoins in the memecoin…
[ad_1] Key Shibarium metrics suggest the Shiba Inu ecosystem might be gearing up for a push to the upside. Notably, Shibarium’s transaction data has seen triple-digit percentage jumps in transactions and fees paid in BONE over the past week. This suggests Shiba Inu might be receiving increased attention from traders, a scenario that may result in SHIB rebounding at a crucial support level during the course of the week. Shibarium Sees Massive Surge In Activity Over the Weekend According to the latest data, transactions on the Shibarium network exploded over the weekend, soaring a whopping 441% on Saturday. Over 13,190…
[ad_1] Tether, the company behind the $110 billion stablecoin, announced on Monday the launch of Alloy, a new token minting platform on the Ethereum network. Alloy allows users to create tokens collateralized by Tether’s tokenized gold (XAUT). “Alloy by Tether is an open platform that allows the creation of collateralized synthetic digital assets and will soon be part of the new Tether digital assets tokenization platform, launching later this year,” said Paolo Ardoino, CEO of Tether, in an X post. Tether also mentioned in a press release that the platform might offer yield-bearing products in the future. The first asset…
[ad_1] CoinShares International Limited, a leading digital asset investment company, has announced the rebranding of its long-standing crypto ETP brand, XBT Provider, to “CoinShares XBT Provider.” This move aligns with the company’s group strategy and sets the stage for expansion in the second half of 2024.CoinShares Doubles Down on Nordic Market with XBT Provider RebrandSince its inception in 2015, CoinShares XBT Provider has been a pioneer in the crypto ETP space, offering the world’s first Bitcoin and Ethereum-based exchange-traded products. With current assets under management (AUM) of $3.4 billion, the company has established itself as a trusted choice for Nordic…
[ad_1] Samourai WalletFrom the start, Samourai Wallet have been transparent about their services. They provided their code fully open sourced and explained every public service they ran. All of this was done in public for everyone to see as they, ironically enough, had nothing to hide.As will be detailed below, they followed the law to the letter as was laid out in government legislation and guidelines. The key point was that Samourai Wallet’s code allowed users to make transactions as they saw fit, without ever holding so much as a single sat of the user in their own possession.Arrest &…
[ad_1] Blockchain tracking firm Lookonchain has spotted two sizeable traders capitulating on their memecoin positions as the digital assets market continues to correct. The firm says one trader with a seven-figure position capitulated on his Pepe (PEPE) holdings after holding for just over one month. “This PEPE trader capitulated and sold all 114.7 billion PEPE for 366.5 ETH ($1.27 million) at a breakeven price. He bought 114.7 billion PEPE ($1.27 million) at $0.000011 on May 14th and May 15th. The price of PEPE broke through $0.000017 on May 27th, at which time his profit was $670,000 (+50%), but he did…