Author: NBTC
Grayscale adds VeChain to its investment consideration list, boosting its market credibility. Grayscale’s endorsement of VeChain could drive institutional and individual investor interest. VeChain’s strategic partnerships and growth prospects align with Grayscale’s diversified investment approach. Grayscale is a digital asset management company constantly searching for lucrative investment opportunities. Recently, the company added VeChain (VET) to their list of assets under consideration. 🚀 Big News! @Grayscale, the top crypto asset manager, has spotlighted #VeChain as a hot contender for future investment products! 🌟 Real-world utility is breaking through and shining bright! 📈👏https://t.co/KiZJ5uiPhy pic.twitter.com/1sGsqO6zLV — Collin Brown (@CollinBrownXRP) July 19, 2024 Why…
NASHVILLE — Former U.S. President Donald Trump took the stage at the Bitcoin Conference Saturday, saying the U.S. must take a leadership position in crypto as the Republican candidate moved to tighten his grip on the increasingly powerful crypto voting and fundraising bloc. “If we don’t do it, China will do it,” he said, speaking in a packed hall before over 3,000 attendees in Nashville. Crypto is “the steel industry of 100 years ago, you’re just in your infancy,” he said. “One day it probably will overtake gold. … There’s never been anything like it.” He arrived at Nashville’s Music…
DeFi Technologies, a Canadian fintech firm, is set to enhance its trading infrastructure through a new partnership with Zero Computing, according to a July 30 statement shared with CryptoSlate. The collaboration aims to integrate zero-knowledge proof tools to boost operations on the Solana and Ethereum blockchains by optimizing its ability to identify and execute arbitrage opportunities. Additionally, it will improve the performance of its trading desk DeFi Alpha by enhancing its use of ZK-enabled Maximal Extractable Value (MEV) strategies. Zero-knowledge proof (ZKP) technology provides an added layer of encryption to ensure trade privacy and has recently gained widespread adoption in…
Investors would need billions of Shiba Inu tokens to take in $50,000, $100,000, $500,000 or $1 million if SHIB ever spikes 10x, 50x or 100x. Shiba Inu’s price has primarily moved in correlation with the direction of the broader crypto market. Notably, SHIB has faced a roadblock to its recovery campaign, as the crypto market enters a consolidation phase. However, despite Shiba Inu still stuck underneath $0.00002, sentiments remain bullish. This sustained bullishness is primarily due to confidence in SHIB’s future prospects. Multiple analysts have predicted Shiba Inu to eventually stage an explosive recovery, with crypto analyst Daink predicting a…
Kamala Harris’ campaign is reportedly seeking a “reset” with top U.S. cryptocurrency companies. According to a report from FT, members of Harris’ team have reached out to top crypto companies in the United States to request meetings. Sources told FT that the crypto firms include major players Coinbase, Circle and Ripple Labs. Harris looks to mend ties Amid criticism of the Biden administration’s aggressive approach to the industry, members of Harris’ campaign team are evidently seeking to change crypto market participants’ view of the Democratic party. This strategic pivot could prove to be crucial for Harris as she prepares for…
Listed both on Wall Street and the London Stock Exchange (LSE) Bitcoin miner Argo Blockchain, has announced a £6.5 million private placement agreement with an institutional investor. The deal involves the issuance of 57,800,000 ordinary shares at £0.1125 per share on the LSE, along with warrants to purchase an additional 57,800,000 shares at the same price. The placement price represents a premium to Argo’s recent trading averages and a 10% discount to the closing price on July 29. H.C. Wainwright & Co. is serving as the exclusive placement agent for the transaction. Argo plans to use the net proceeds for…
Ethereum prices are stable at spot rates, moving horizontally even after the United States Securities and Exchange Commission (SEC) approved the list and trading of spot Ethereum ETFs on July 23. Ethereum is trending below the crucial resistances at $3,500 and $3,700 at press time. However, buyers have kept prices above $3,300 as price action moves horizontally. Though there are expectations of volatility, reading from options data, now that spot Ethereum ETFs are available for trading, one analyst picked out a critical development that might affect the BTC-ETH dynamic. Ethereum Whales Taking, ETH Outperforms BTC In a post on X,…
The Uniswap (UNI) team-linked wallet sold nearly $10 million of tokens on July 19 in a month selling spree. So far, the labeled address has dumped 5.98 million UNI in July, worth nearly $50 million. SpotOnChain reported this activity, following the address ‘0x63b‘, which received 9 million UNI from the initial distribution in September 2020. According to the platform, this allocation came from the team/investor/advisor category of the project’s disclosed tokenomics. As reported, ‘0x63b’ has deposited 5.98 million UNI to Coinbase Prime at an average of $8.26 since July 4, resulting in a nominal value of $49.4 million. Notably, the…
TRON DAO Founder Justin Sun recently shared an X post advocating China to advance its crypto policies. Sun’s comment came amidst former US President Donald Trump’s endorsement of Bitcoin as a national reserve. China 🇨🇳 also needs to step up. Since President Trump pushed for Bitcoin, U.S. 🇺🇸 policies have warmed. China should make further progress in this area. Competition between China and the U.S. in Bitcoin policy will benefit the entire industry. 👏 — H.E. Justin Sun 孙宇晨 (@justinsuntron) July 28, 2024 China imposed restrictions on cryptocurrencies in 2017, addressing digital assets as harmful. Subsequently, in 2021, the country…
After the recent Bitcoin (BTC) halving, the dynamics in BTC mining have changed significantly, affecting both small and big miners. While the smaller miners are dumping their Bitcoin to cover expenses, more prominent institutional investors such as Marathon Digital Holdings and Riot Platform are buying more. This trend shows the different approaches and resources available in the mining sector after the halving of Bitcoin. Small Miners Struggle Post-Bitcoin Halving Event The second recent halving occurred on 19 April, reducing mining rewards from 6.25 BTC to 3.125 BTC. This has put more pressure on miners, especially those with high costs or…