According to Thomas Farrer, CEO of Apollo, a cryptocurrency review portal, several factors could push Bitcoin’s price upwards of eight times its current value, but most of them may not materialize. “While each of these individually is low probability, there are a lot of low probability potential outcomes that could result in a really strong bull market for bitcoin,” Fahrer told Hall of Flame. He predicts that even if these events happen just two or three times, Bitcoin could reach $500,000 within the next four-year cycle. “I’d say it’s probably in the $300,000 to $500,000 range,” he said. He mentioned…
Author: Crypto Flexs
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The GHO stablecoin has been deployed on the Arbitrum network following a vote by the Aave Decentralized Autonomous Organization (DAO), a member-governed community that proposes and governs changes to the lending protocol.Aave’s DAO also plans to launch the GHO stablecoin on multiple networks over time, but has decided to deploy GHO on Arbitrum to take advantage of the lower transaction costs and increased throughput of a second-layer network.The decision to gradually roll out the stablecoin to additional networks was driven by security and risk management factors. This allowed the DAO to test GHO’s presence before expanding it to other blockchain…
According to Galaxy Digital, cryptocurrency venture capital investment continued to recover in the second quarter despite the market downturn, with founders and investors reporting an overall more active funding environment compared to the previous quarter.“Crypto venture capital sentiment continues to improve, but levels remain well below those seen during the 2021-2022 bull market,” Galaxy Digital research analysts Alex Thorn and Gabe Parker wrote in a Tuesday report shared with The Block.Galaxy reported that venture capitalists invested $3.19 billion in cryptocurrency and blockchain-focused companies in Q2. The figure is consistent with The Block Pro’s funding dashboard, and is up slightly from…
In a recent article on Stellar (XLM), Bernardo Garcia, co-founder of Félix, shared his journey and motivation behind creating an innovative payments platform to help Latino immigrants living in the U.S. A WhatsApp-based payments platform, Félix solves a critical problem faced by many immigrants by allowing users to send money to their relatives in Latin America.Overcoming financial barriersGarcia’s experience when he arrived in the United States highlighted the inefficiencies and high costs associated with the traditional banking system. He shared a personal story of losing 5% of his savings on a single international transfer due…
Major cryptocurrency exchange Binance sends $150,000 worth of LUNC to the burn facility. Developers have found a way to remove 12 billion LUNC from suspended contracts. Staken Terra Luna Classic has reached 1.01T, bringing the staked percentage close to 15% of the supply. The Terra Luna Classic (LUNC) chain revival effort is in full swing as Binance conducts a monthly cumulative fee burn. In the 23rd burn ceremony of Terra Luna Classic, Binance burned a total of 1,725,990,630 LUNC coins recovered from relevant trading pairs on Binance’s global platform. Will LUNC Burns be further strengthened by Binance? Binance’s July 1st…
Bitcoin was trading at $61,000 on July 3 after the U.S. inflation outlook worsened.BTC/USD 1-hour chart. Source: TradingViewFed Powell Takes Hardline Position on Rate CutsAccording to data from Cointelegraph Markets Pro and TradingView, BTC price strength is slowly recovering after dropping 2% at the daily close.This further extended the existing downtrend, creating a low of $60,561 on Bitstamp and erasing the weekend’s uptrend.The mood appeared to sour after Federal Reserve Chairman Jerome Powell delivered a speech on the economy and monetary policy at an event in Portugal.He explained that the Federal Reserve needs to be more confident that the situation…
Policy • July 3, 2024 3:40 a.m. EDT Posted 1 minute earlier In ~ Updated: July 3, 2024, 3:44 AM EDT Hong Kong’s financial secretary said the regulator will “review requirements” for cryptocurrency-related activities as needed as the industry develops.Christopher Hui, Minister of Financial Services and Treasury, said The Hong Kong Monetary Authority and the Securities and Futures Commission “will monitor market developments and review requirements for VA-related activities as appropriate,” the Legislature heard today. He made the remarks when a lawmaker asked whether the regulator would speed up the cryptocurrency licensing review process and relax rules for intermediaries to…
According to a prominent crypto analyst, deep-pocketed investors are suddenly buying up one of the top 10 altcoins. Cryptocurrency strategist Ali Martinez told her 66,200 followers on social media platform X that whales had been swiping up the native tokens of layer 1 blockchain TONcoin (TON) in the past week. “Whales bought over 45 million TON coins last week, worth about $346.5 million!” Source: Ali Martinez/X At the time of writing, Toncoin is trading at $7.77, up about 2% over the last 24 hours. The analyst then said that the Tom DeMark (TD) Sequential indicator, which traders use to gauge…
Edgeless Systems has launched Continuum AI, a pioneering generative AI (GenAI) framework designed to maintain encrypted prompts at all times through confidential computing. According to the NVIDIA Technology Blog, this innovative solution combines confidential virtual machines (VMs) with NVIDIA H100 GPUs and secure sandboxing. Data Privacy and Security Guarantee The launch of Continuum AI represents a significant step forward in AI deployment, allowing enterprises to leverage powerful large-scale language models (LLMs) without compromising data privacy and security. Edgeless Systems is working with NVIDIA to help organizations across a wide range of industries securely integrate AI.…
Bitcoin price is recovering from its June downtrend, but on-chain data suggests it could face resistance at the $65,000 level.According to data from Cointelegraph Markets Pro and TradingView, Bitcoin (BTC) is trading at $62,288, down 0.5% in the last 24 hours and 8.6% in the last 30 days. This follows a prolonged downtrend in June that reversed all gains made in May. According to Coinglass data, when Bitcoin is negative in June, it tends to bounce back strongly in July. In fact, BTC had an average return of 7.98% in July, with a median return of 9.60%.Bitcoin monthly returns. Source:…