Category Archive: Cryptocurrency, No picture
Crypto set for a “bright June,” according to industry experts
The approval of spot Ethereum (ETH) exchange-traded funds (ETF) in the US sets a good tone for the crypto market at the end of 2024’s second quarter. Investors’ eyes are all over how the ETH price will react, how the altcoin market will behave, and what altcoin ETFs might be presented to the SEC in […]
Ordinals and Runes are proof of Bitcoin’s permissionless nature — Casey Rodarmor
Casey Rodarmor, the creator of the controversial Ordinals and Runes protocols on Bitcoin, recently discussed his motivations and the impact of his work on the Bitcoin network at Consensus 2024 in Austin, Texas.Rodarmor claims that the objective of his work with Ordinals and Runes is to ensure that Bitcoin remains secure and that its applications […]
Bitcoin metrics indicate return of speculative activity in crypto
Bitcoin’s market dynamics are showing early indications of renewed speculation in the crypto market, as reported by Glassnode. Long-Term Holders (LTH) are currently sitting on unrealized profits, with only a minuscule 0.03% in losses, signaling the onset of a potential bull market’s euphoric phase. Image: GlassnodeOver the past two months, the Sell-Side Risk Ratio for […]
Polygon Labs acquires Toposware to enhance ZK capabilities
Polygon Labs today announced the acquisition of blockchain research and engineering firm Toposware. This acquisition is the third major zero-knowledge (ZK) purchase by Polygon Labs in under three years, following Hermez and Mir in 2021. “The Toposware team’s deep cryptography and zero-knowledge expertise, as well as excellent engineering skills, have made them a perfect fit […]
Watford FC to offer 10% equity shares to fans through tokens
Watford FC, the Championship football club, announced today its plans to offer a 10% stake in digital currency to its fans and investors, according to a recent report by Bloomberg. The sale is being facilitated by Republic, a digital-asset company that provides advisory services and blockchain infrastructure, to web3 builders and investors.As reported, fan investors […]
Thai SEC approves its first Bitcoin ETF with limited access to institutional investors
The Securities and Exchange Commission (SEC) of Thailand has endorsed One Asset Management (ONEAM) as the first firm to launch a spot Bitcoin exchange-traded fund (ETF) in the country.The fund, named ONE Bitcoin ETF Fund of Funds Unhedged and not for Retail Investors (ONE-BTCETFOF-UI), is scheduled for distribution between May 31 and June 6, with […]
Bitcoin ready to revert a two-week downtrend: but there’s a catch
Bitcoin (BTC) spiked past $70,000 today and broke its two-week downtrend. Trader Rekt Capital highlights, however, that this already happened recently, and a daily close above the resistance must occur to confirm this breakout. #BTC Bitcoin broke its two-week downtrend today However, we have seen upside wicks beyond this downtrend before Which is why a […]
Bitcoin long-term holders resume accumulation for the first time since December: Bitfinex
Bitcoin (BTC) long-term holders have resumed accumulating, signaling a shift in market dynamics, according to the latest “Bitfinex Alpha” report. Bitfinex’s analysts indicate that the selling pressure from these investors has subsided, with a noticeable uptick in buying activity. Image: Bitfinex/CryptoQuantThis change comes after Bitcoin reached a new all-time high of $73,666 in March, followed […]
JOJO Exchange debuts zk-proofs to enhance on-chain derivatives
Decentralized exchange for perpetuals trading (perp DEX) JOJO implemented zero-knowledge proof (zk-proofs) technology for funding rates in their platform to keep perpetual contracts aligned with the spot market prices. According to Jotaro Kujo, JOJO’s co-founder, this is a fundamental development for on-chain derivatives trading.JOJO tapped into Brevis zk-proofs technology, which is a coprocessor able to […]
Solana secures ‘big three’ status with PYUSD expansion, say industry experts
Last week, PayPal announced the expansion of its stablecoin PYSUD to Solana, marking the first move beyond the Ethereum blockchain. Industry players shared with Crypto Briefing that this movement solidifies Solana as one of the ‘big three’ blockchains, highlighting that the blockchain and institutions make sense.Ran Goldi, VP of Payments at Fireblocks, points out that […]
