Grayscale Investments has launched two new cryptocurrency trusts for Bittensor (TAO) and Sui crypto (SUI), further strengthening its commitment to the blockchain industry. Launched on August 7, this new option gives accredited investors the opportunity to get early access to cutting-edge tokens before they are launched as formal exchange-traded funds (ETFs). “With the launch of the Grayscale Bittensor Trust and the Grayscale Sui Trust, we continue to provide investors with familiar products that enable access to cutting-edge tokens in the ongoing evolution of the cryptocurrency ecosystem,” said Rayhaneh Sharif-Askary, Head of Product and Research at Grayscale. Why Grayscale Wants More…
Author: Crypto Flexs
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Popular analyst and cryptocurrency expert Mystery of Crypto has selected 10 altcoins with strong potential amidst ongoing market uncertainty. Cryptocurrency markets are actively recovering from Monday’s shock, and some believe this is a good time to buy promising assets. Altcoin Selection for Optimal Performance in Market Turmoil Amid market fears, the crypto industry has seen over $1 billion liquidations, the biggest single-day drop since the FTX scenario in November 2022. For stability and growth prospects, the analyst has identified 10 altcoins that are safer bets in uncertain market conditions. Toncoin (TON) Toncoin is a first choice given the number of…
US-listed Bitcoin miner Core Scientific Net loss reported at $849 million In the second quarter of 2024, it recorded a net loss of $9.3 million compared to the same period last year. According to its latest financial report filed Wednesday, the massive loss was primarily driven by a mandatory $796 million “non-cash market value adjustment” on warrants and contingent value rights, which Core Scientific issued over-the-counter CVRs, as a result of the stock price increase. Chapter 11 Creditors During Bankruptcy Proceedings In 2024.The company mined 1,680 bitcoins (worth about $92 million) during the quarter, a significant decrease from the previous…
Alvin Lang Aug 7, 2024 08:29 Learn how to write your first BitTorrent Chain (BTTC) smart contract and understand core concepts like state variables and public functions. According to BitTorrent Inc., they have released a beginner-friendly guide to writing smart contracts on the BitTorrent chain (BTTC). The guide aims to help new developers understand the basics of blockchain development through a simple ‘Hello World’ project.Contract: Small in size but big in potentialThis tutorial provides a concise, yet powerful HelloWorld contract.// SPDX-License-Identifier: MITpragma solidity ^0.8.17;contract HelloWorld string public greet = “Hello World!”;function getGreeting() public view…
BlackRock recently bought $199 million worth of ETH, taking advantage of the price drop. Although some accumulation has been observed, particularly in whales, the retail industry remains fearful. Given the latest discounted Ethereum (ETH) price, it is expected that buyers will return to the market. Unless more selling pressure is expected in the future, it is essential to follow the activity of the ETF as it has driven demand for ETH. Recent data shows that bears are in a downtrend after their aggressive attack on the market last week. Some Bitcoin (BTC) ETFs are taking advantage of this, with BlackRock,…
The Bitcoin price rose 5.5% on August 6, but struggled to hold above $57,000 despite positive momentum in traditional financial markets. On August 7, the Euronext 100 index rose 2.2%, while oil prices surged 2.8%. This suggests that the Bitcoin (BTC) price correction is due to market-specific factors rather than global economic conditions, with derivatives indicators indicating a lack of enthusiasm.Spot Bitcoin ETF and ‘Mr. 100’ Fund Outflows Spark ConfusionSome analysts say Bitcoin’s weakness is due to whales reducing their positions after a long period of accumulation, including a prominent group known as “Mr. 100.”source: BitcoinatorAccording to Bitcoinator data, the…
Ethereum price has started a recovery wave above the $2,350 resistance zone. ETH can gain bullish momentum if it breaks above the $2,680 resistance zone. Ethereum recovered above the $2,350 and $2,420 levels. The price is trading below $2,640 and the 100 hourly simple moving average. According to data provided by Kraken, there is a support line formed at $2,440 on the hourly chart of ETH/USD, with a connected bullish trend line forming. The pair could see a steady uptrend if it breaks through the $2,680 resistance zone. Ethereum Price Aims Higher Ethereum price has started a recovery wave after…
Ethereum price has started a recovery wave above the $2,350 resistance zone. ETH can gain bullish momentum if it breaks above the $2,680 resistance zone. Ethereum recovered above the $2,350 and $2,420 levels. The price is trading below $2,640 and the 100 hourly simple moving average. According to data provided by Kraken, there is a support line formed at $2,440 on the hourly chart of ETH/USD, with a connected bullish trend line forming. The pair could see a steady uptrend if it breaks through the $2,680 resistance zone. Aiming for a higher Ethereum price Ethereum price has started a recovery…
Law • August 7, 2024 4:20 PM EDT Posted 1 minute earlier In ~ Ripple will pay $125 million in fines as part of a years-long lawsuit with the U.S. Securities and Exchange Commission, according to court documents.“The SEC’s motion to enter a final judgment and relief is granted in part and denied in part,” the filing, signed by Judge Analisa Torres, reads. “The court enters a final judgment enjoining Ripple from further violations of the securities laws and imposing a civil penalty of $125,035,150.”In July, Ripple CEO Brad Garlinghouse said he expected the outstanding legal issues to be resolved…
The recent decline in Bitcoin (BTC) on August 5 has wiped out several leveraged trades. Trading firm QCP Capital believes that Bitcoin and Ether (ETH) may have bottomed out in the short term due to panic selling. “It may be time to think about accumulating BTC and ETH spot,” QCP told subscribers to its Telegram channel.However, some other analysts have a different view. According to Markus Thielen, head of research at 10x Research, a good entry point for Bitcoin could be in the low 40,000s, where a major rally is likely to be attempted. Likewise, David Gokhstein, founder of Gokhstein…