Prominent crypto educator and analyst Duo Nine asked the question no one wanted to hear: “What if there is no altcoin season?” and presented several data points to back up his rhetoric. Altcoin season is an informal term to describe a phase where investing in altcoins can yield higher returns than pouring capital into Bitcoin (BTC). Analyst Explains Altcoin Season Delay After the fourth Bitcoin halving, the next major focus in the cryptocurrency market, aside from the approval and launch of an Ethereum ETF (exchange-traded fund), was the anticipation of the altcoin season. Typically, several major events lead to this…
Author: Crypto Flexs
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As cryptocurrencies become an increasingly prominent issue in this year’s presidential election, a new poll released by investment firm Paradigm shows that 18% of Democrats have purchased cryptocurrency, a number that is likely to increase next year.Nine percent of Democrats said they were “very likely” to invest in cryptocurrencies in the next year, while 18 percent said they were “somewhat likely” to invest. However, 54 percent of Democrats said they were “not at all” likely to invest in cryptocurrencies. vote.Only 8% of those surveyed said they own more than $1,000 worth of cryptocurrency, while only 5% said they own more…
Marathon Digital plans to raise $250 million via convertible bonds to buy bitcoin. The fund will also support corporate initiatives, including debt repayment and expansion. The company holds over 20,800 BTC worth $1.2 billion, more than double that of its closest competitor. Marathon Digital, a leader in Bitcoin mining, announced plans to raise $250 million through a private offering of convertible preferred bonds, with the aim of increasing its Bitcoin (BTC) holdings and raising funds for general corporate purposes. These notes, which are available only to qualified institutional buyers, pay coupon semiannually and mature on September 1, 2031. The specific…
Jack Anderson 12 Aug 2024 15:17 The Hong Kong Monetary Authority plans to implement system improvements to the Faster Payment System (FPS) on 18 August 2024, which may result in temporary service disruptions. The Hong Kong Monetary Authority (HKMA) has announced a planned system upgrade to the Faster Payments System (FPS) on 18 August 2024. According to official sources, the upgrade will result in a temporary service interruption from 1am to 11am on that day. Details of planned outages Hong Kong Interbank Clearing Limited, the operator of FPS, will be carrying out system improvements.…
Ted Hisokawa Aug 9, 2024 03:23 CoreWeave has appointed Chen Goldberg and Sachin Jain as executives to strengthen the company’s leadership as the company pursues significant growth and expansion into European markets. CoreWeave Welcomes Industry Veterans AI hyperscaler CoreWeave has announced the appointment of Chen Goldberg as SVP of Engineering and Sachin Jain as COO. The move comes as the company has gained significant momentum, having recently raised $12 billion from top-tier equity and debt investors and announced expansion into Europe, according to PRNewswire. Chen Goldberg joins CoreWeave from Google, where she played a…
Fantom could potentially experience a 234% price increase due to a hidden bullish divergence. Jayvon Marks predicted that the FTM price could soar to $3, which could trigger a significant uptrend. Fantom (FTM) has experienced less returns this year than other major altcoins. While altcoins like Solana and Toncoin have surged by over 100%, FTM has only gained 40% since the start of the year. Recently, FTM has faced downward pressure, falling 5.7% over the past day to a current price of $0.3393. Despite this short-term downturn, the asset has performed strongly over the past week, rising more than 15%…
Bitcoin price fell more than 25% during the global market crash on August 5. However, new signals suggest that this decline could be a bear trap, and prices could head back to new all-time highs in 2024.Bitcoin’s Downward Momentum WeakensBitcoin (BTC) price is showing signs of a bullish divergence on the weekly chart.More specifically, the price of BTC has been forming lower lows since July. On the other hand, the weekly Relative Strength Index (RSI) has been forming higher lows. This divergence indicates that the downside momentum is weakening and a potential upside reversal could be imminent.BTC/USD Weekly Price Chart.…
Bitcoin (BTC) and Ethereum (ETH) have recovered 21% and 18% respectively from their lows following the crash on August 4. But Aurelie Barthere, senior research analyst at Nansen, told CryptoSlate that the worst may not be over yet. She explained:“BTC (and ETH) have hit a local bottom, but the daily trend still looks negative. The 50-day moving average is trying to break below the 200-day moving average.”Barthere added that this creates a technical pattern known as a “death cross,” which typically precedes a price decline.Therefore, to avoid a bearish signal on the chart, analyst Nansen explains that BTC needs to…
Marathon Digital Holdings announced its intention to issue $250 million of convertible preferred notes in a private placement to qualified institutional buyers.The company plans to use the net proceeds from the sale to acquire additional Bitcoin and for general corporate purposes.Services provided by Marathon are subject to market and other conditions, meaning there is no guarantee that they will be completed within the planned terms, regardless of intent.The bonds are unsecured preferred bonds with interest paid semiannually on March and September 1 each year, starting from next year. These bonds mature on September 1, 2031, unless repurchased earlier.Marathon Digital’s intention…
Zooko Wilcox, founder of privacy coin Zcash, has joined Shielded Labs and is looking to accelerate the protocol’s upgrade to a hybrid proof-of-stake system.In an August 10 blog post, Zooko Wilcox, founder of Zcash and now head of new product at Shielded Labs, said that after eight years of using proof-of-work mining, the privacy currency needs to upgrade to a hybrid proof-of-stake system.He noted that the PoW consensus and the creation of new ZEC coins have put downward pressure on the price, but “this pressure is expected to ease as the rate of new coin creation slows.”The two major planned…