[ad_1] Popular play-to-earn token Notcoin (NOT), has continued to retain investors’ attention over the last week with a stunning positive market performance. According to data from CoinMarketCap, Notcoin gained 46.97% in the last day emerging as the top-performing asset in the market. Related Reading Notcoin Records Weekly Gains Of 238% With the general crypto market showing a stable price movement, Notcoin’s explosive performance which indicates a high level of buying pressure has taken center stage among spectators, analysts, and prospective investors. The crypto gaming project was initially introduced as a closed beta version in November 2023 by the Open Builders…
Author: dfrancis36
[ad_1] The adoption of cryptocurrency is significantly bolstered when large funds, such as pensions and endowments, begin investing. Notable among these are university endowments, which manage substantial assets for their respective institutions. The University of Michigan is actively participating in cryptocurrency investments through the CNK Fund I, L.P., managed by Andreessen Horowitz. This fund targets “cryptonetwork technology companies across various stages, from seed to growth.” In June 2018, the University of Michigan’s endowment made an initial investment of $3 million into this fund. As of June 2023, the endowment’s total value was $17.9 billion. Recent communications to the university’s Regents…
[ad_1] On Tuesday, Semler Scientific, Inc. (Nasdaq: SMLR), a medical software company, announced that it had purchased 581 bitcoins for approximately $40 million as part of its “bitcoin treasury strategy.” In the wake of the announcement, some paralleled the company’s strategy to MicroStrategy’s, which has entailed converting almost all of its treasury into bitcoin.Caught my 👀Today Semler Scientific announced a #bitcoin Treasury strategy similar to Microstrategy @saylor – acquired $BTC 8% of enterprise value- 5X EV/EBITDA – 8X P/E ratioA #smallcap version of $MSTR and $SMLR is in the Russell 2000 $IWM ?https://t.co/5RGbreCTaj pic.twitter.com/vajSZM4zUz— Thomas (Tom) Lee (not drummer) FSInsight.com…
[ad_1] One trader is seeing seven-figure profits on a Solana (SOL)-based memecoin that is up 51x year-to-date, according to on-chain data. Blockchain tracking firm Lookonchain notes that one trader purchased dogwifhat (WIF) in December 2023 and has racked up a 118,967% gain by making a series of strategic sales as the memecoin soared. “Every time WIF goes up, this 1,000x winner sells part of WIF for profit. He spent only $5,879 to buy 6.1 million WIF ($23.7 million currently) on December 8th, 2023 and then sold 4.7 million ($1.57 million) successively. He still has 1.4 million WIF left, worth $5.47…
[ad_1] Ethereum, the world’s second-largest cryptocurrency, finds itself at a critical juncture. After a strong 25% surge in the past month, outperforming its peers, Ethereum is facing a formidable hurdle in the form of resistance levels around $3,795 and $3,846. Analysts are watching this price battle closely, as it could determine the coin’s trajectory in the coming days. Related Reading Breaking Barriers Or Bracing For A Tumble? Technical analysis paints a contrasting picture for Ethereum. If the bulls can muster enough strength to push the price above $3,845, a continuation of the rally seems likely. This breakout could pave the…
[ad_1] OKX, one of the largest cryptocurrency exchanges globally, has opted to withdraw its application to operate in Hong Kong, marking a notable development in the regulatory landscape. In a recent announcement, OKX cited strategic considerations for its decision to withdraw its application for a Virtual Asset Service Provider (VASP) license in Hong Kong. The exchange emphasized that this move followed careful deliberation of its business strategy. As a result of this decision, OKX will cease providing centralized virtual asset trading services in Hong Kong by May 31. However, customers will retain the ability to withdraw their funds from the…
[ad_1] In late 2019, Juventus launched the world’s first blockchain-based fan token, promising a revolution in fan engagement. Fast forward to today, and every single fan token has experienced extreme volatility with prices mostly plummeting. This is not just a financial accident; it is a fundamental design failure. As we navigate through the aftermath, a new horizon emerges: Bitcoin and regulated financial instruments aligning perfectly with Financial Fair Play (FFP) regulations for sustainable sports financing.The Mirage of Fan Token InnovationFan tokens were praised as innovative tools for deepening fan engagement through voting rights and exclusive rewards. However, their practical impact…
[ad_1] Elon Musk and former President Donald Trump are in discussions about cryptocurrency policy as Trump increasingly highlights Bitcoin and other digital assets on the campaign trail, Bloomberg reported today. According to sources familiar with the talks, Trump sees Bitcoin and other cryptocurrencies as a way to appeal to new voters.JUST IN: Elon Musk and Donald Trump are discussing crypto policy as Trump highlights #Bitcoin and other digital assets as a way to reach new voters — BloombergUPDATE: Elon Musk denies Bloomberg report, stating, "Pretty sure I’ve never discussed crypto with Trump, although I am… pic.twitter.com/4xPR1y9tmY— Bitcoin Magazine (@BitcoinMagazine) May 30,…
[ad_1] The host of the Coin Bureau channel, Guy Turner, is offering his price projections for Solana (SOL) competitor Sui (SUI). Turner tells the 2.48 million subscribers of the Coin Bureau YouTube channel that Sui possesses “serious potential” over the long term. On the reasons for his bullish thesis, the Coin Bureau host says, “[Sui] meets the criteria of a crypto that retail could ape into. It has a low price tag, which gives the illusion of large gains. It has a lower market cap than most large-cap cryptos, which means that it takes less money to move its price.…
[ad_1] Following the failure to break above the $72,983 resistance level, the price of Bitcoin has continued to drop. Although Bitcoin’s price is still trading above the 1-day Simple Moving Average (SMA), this rejection has led to the crypto asset dropping from $71,942 to $66,785 and moving below the SMA both in the 1-hour and the 4-hour chart. This drop below the SMA could trigger a change of character and the price will go bearish. As of the time of writing the price of Bitcoin was trading at around $67,635 and was up by 0.14% with a market capitalization of…