Category Archive: Cryptocurrency, No picture
What is the Bitcoin power law?
Key Takeaways The Bitcoin power law is criticized for overfitting data and lacking predictive reliability. Proponents argue the power law applies broadly across Bitcoin’s metrics, suggesting potential for future growth predictions. Crypto is a shifting and complex space. As it matures, analysts and enthusiasts are constantly seeking ways to understand and predict Bitcoin’s behavior.One intriguing […]
Nostra expands to Ethereum-compatible Monad following community vote
Key Takeaways Nostra’s community voted 43.3% in favor of expanding to Monad. Monad’s EVM parallelization will support Nostra’s DeFi and payment apps. Nostra, a Starknet-based decentralized finance (DeFi) project, announced today its plans to deploy on Monad, an Ethereum-compatible Layer 1 blockchain. This move marks Nostra’s expansion into the EVM-compatible space, following a community-driven decision […]
BlackRock, WisdomTree Bitcoin ETFs dominate daily inflows
Key Takeaways BlackRock’s IBIT led the pack, attracting over $157 million in net capital. WisdomTree’s BTCW had a historic day with over $118 million, its largest inflow since its trading debut. BlackRock’s iShares Bitcoin Trust (IBIT) solidified its market leadership on August 8, attracting over $157 million in net capital, according to data from Farside […]
Crypto execs speak with White House advisers, but no promises were made
Key Takeaways Crypto executives discussed policy with White House as Biden’s term ends. The meeting highlighted the need for clearer crypto regulations. Executives from major crypto firms participated in a virtual call with White House advisers and Kamala Harris’ staff, discussing concerns over current digital asset policies and seeking regulatory clarity.The Zoom call, held on […]
Trump-themed meme coin RTR soars and crashes in a matter of hours
Key Takeaways RTR token’s value fluctuated dramatically following misleading endorsements. Trump’s sons officially warned against fraudulent crypto tokens. A meme coin called Restore the Republic (RTR) on the Solana blockchain experienced extreme price volatility on Thursday, surging to a $155 million market cap before crashing 95% following false claims of its association with former President […]
Moonveil secures $9 million in extended Pre-Series A funding
Key Takeaways Moonveil has raised a total of $9 million in funding following a Pre-Series A round. The funding will support infrastructure development and community building for Moonveil’s web3 gaming platform. Layer-2 gaming ecosystem Moonveil has completed a Pre-Series A funding round, raising its total funding to $9 million. The round saw participation from prominent […]
Messari and CryptoRank Research highlight TRON’s surging onchain activity
Key Takeaways TRON’s daily transactions increased by 29% quarter-over-quarter. TRON’s dApps TVL ranks second among all blockchains with over $8.2 billion. Geneva, Switzerland – August 7, 2024 – Messari, a leading provider of digital asset markets intelligence products, and CryptoRank, a leading crypto industry research & analytics platform, have released research reports highlighting the TRON […]
Putin signs crypto mining law advancing Russia’s bid to ‘seize the moment’ in digital assets
Key Takeaways The new Russian law categorizes crypto mining as economic turnover. Registered Russian entities and entrepreneurs can legally mine; individuals can mine within set energy limits. Russian President Vladimir Putin has signed a new law advancing crypto mining regulations, marking a significant step in Russia’s efforts to capitalize on the digital asset economy. The […]
Bitcoin surges to $58,000 amid renewed ETF inflows
Key Takeaways Bitcoin ETFs simplify crypto investments by eliminating the need for direct exchange interactions. Regulatory oversight of Bitcoin ETFs increases investor confidence and market stability. Spot Bitcoin (BTC) exchange-traded funds (ETF) registered $45 million in inflows on Aug. 7, according to Farside Investors. As a result, Bloomberg senior ETF analyst Eric Balchunas highlighted how […]
Binance reports $73 million in recovered stolen funds
Key Takeaways Binance recovered over $73 million in stolen funds by July 31 this year. Blockchain technology aids Binance in securing funds from external thefts. Binance has successfully recovered and frozen over $73 million in user funds from external hacks as of July 31 this year. This amount surpasses the $55 million secured throughout 2023. […]
