Category Archive: Cryptocurrency, No picture
Indonesia’s presidential election results may yield continued pro-crypto policy
Indonesia’s recent presidential election, which initially ended in controversy when the winning duo claimed victory before official results were released, may ensure consistency and potentially even continued crypto-friendly regulations in the country, according to industry watchers.Former defense minister Prabowo Subianto and the incumbent president’s son Gibran Rakabuming secured 60% of the nation’s votes immediately after […]
Bitcoin, Ethereum spot ETFs start trading in Hong Kong with high expectations
Hong Kong-listed spot Bitcoin and Ethereum exchange-traded funds (ETFs) are set to debut in a few minutes. In anticipation of the launch, Zhu Haokang, Digital Asset Management Director and Family Wealth Director at China Asset Management, is confident that the launch scale of Hong Kong’s virtual asset spot ETFs will exceed the US’s initial $125 […]
Crow-themed meme coin soars almost 600% in one week
The meme coin crow with knife (CAW) rose by almost 600% in the past seven days and is the crypto asset with the most significant growth in this period, according to data aggregator CoinGecko. The token is deployed on Cronos, the blockchain related to the crypto exchange Crypto.com.CAW was created on March 14 and didn’t […]
Web3 gaming startup GFAL raises $3.2 million from Supercell, Mitch Lasky
Web3 gaming startup GFAL has closed a $3.2 million seed funding round with investors including Supercell and Mitch Lasky. This builds on $4.4 million GFAL raised in 2023 from token presales.According to the announcement, the funding will expand GFAL’s team and accelerate production plans, building on the soft launch of the mobile game Elemental Raiders […]
EigenLayer unveils EIGEN token with an airdrop set to May 10
Restaking protocol EigenLayer revealed its EIGEN token today, which will be airdropped to users who staked Ether (ETH) in its layer until March 15. Users who staked Ether (ETH) in EigenLayer can start claiming their tokens on May 10, with 5% of EIGEN’s supply destined for this first ‘stakedrop’, as labeled by Eigen Foundation, the […]
Samourai Wallet founders’ arrests are ‘a wake up call for crypto’ — Bitcoin pioneer Amir Taaki opines
Amir Taaki, an anarchist revolutionary, hacktivist, and programmer known in the crypto space as one the first Bitcoin core developers, has spoken out on the Samourai Wallet indictment.In a recent blog post, Taaki urged the crypto community to “step up” its game in the face of heightened state-sanctioned regulation and governmental oversight. Taaki regards the […]
Less than 0.5% of Runes tokens were successful, highlights analyst
Since the Runes launch, less than 0.5% of the meme coins created using this protocol were “successful.” Guiriba, a crypto analyst at Brazilian research firm Paradigma Education, shared on X that only 77 meme coins in the over 20,000 tokens launched have over 500 holders.Guiriba describes that the two most common ways to acquire Runes […]
SEC considers Ethereum unregistered security for at least a year: FOX Business
The Securities and Exchange Commission (SEC), led by Chairman Gary Gensler, has been operating under the belief that Ethereum (ETH), the second-largest crypto, is an unregistered security. This perspective has been held for at least a year, FOX Business reported on Monday, citing recent court filings.The filings emerged from a lawsuit filed by Ethereum software […]
“Bitcoin signals a potentially advantageous buying opportunity,” highlights Bitfinex report
The open interest (OI) funding rate for Bitcoin (BTC) futures and the MVRV ratio are showing “advantageous buying opportunity,” according to the latest “Bitfinex Alpha” report.The OI turned positive on April 24, suggesting a growing interest in long positions and a shift from bearish to bullish market sentiment. Meanwhile, the MVRV, which measures Bitcoin’s market […]
Bernstein maintains $150K Bitcoin prediction despite ‘short-term pause’ caused by ETF flows
Research and brokerage firm Bernstein recently released a note specifying and maintaining its bullish outlook for Bitcoin despite the recent slowdown in spot Bitcoin exchange-traded fund (ETF) flows.In a note to clients on Monday, Gautam Chhugani and Mahika Sapra described the trend as a “short-term pause” and maintained their $150,000 price target for Bitcoin by […]
