Litecoin (LTC) has surged about 7.5% in the past 24 hours, reaching around $70.50 on October 16. Traders are flocking to the market as word spreads about Canary Capital’s recent application for a spot Litecoin exchange-traded fund (ETF).LTC/USD 4-hour price chart. Source: TradingViewAt local highs, LTC was trading at $72, its highest since July 2024.Cryptocurrency market cheers filing of first Litecoin ETFAsset manager Canary Capital has filed registration documents for a spot Litecoin ETF with U.S. regulators, according to an S-1 filing dated October 15. Canary’s proposed ETF seeks to hold spot Litecoin, aiming to closely reflect the performance of…
Author: Crypto Flexs
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Worldcoin (rebranded as World), a “proof-of-humanity” project founded by Sam Altman, has launched an Ethereum layer 2 blockchain named World Chain.World said in an Oct. 17 statement that 15 million users who verified their identity by scanning their iris and searching for “World ID” can now use the network. The company launched World Chain to improve efficiency and introduce new features for Worldcoin (WLD) token users as it seeks to expand its onboarding efforts. World said the new blockchain will prioritize verified human users (those with World IDs) over bots by providing access to block space as well as allowing…
Tony Kim October 18, 2024 04:35 GitHub is introducing a new portal that offers exclusive discounts and resources to help nonprofits strengthen their technical capabilities and social impact. According to the GitHub blog, GitHub has announced a new initiative to help nonprofits gain easier access to technology resources and discounts. Known as GitHub for Nonprofits, the initiative provides verified nonprofits with free access to GitHub Team plans or a 25% discount on GitHub Enterprise Cloud plans. Empowering Nonprofits Through Technology As technology continues to play a critical role in advancing nonprofit missions, GitHub has…
Republican candidate Donald Trump has completed a $12 million WLFI pre-sale. World Liberty Finance’s ironically limited nature scares away investors. Both candidates distanced themselves from legal “cryptocurrency persecution.” Republican presidential candidate Donald Trump surprised the cryptocurrency industry with his decentralized finance project, World Liberty Finance (WLFI). However, WLFI, the native cryptocurrency token of the massive DeFi project, is falling short of expectations, with token pre-sales reaching only 4% of the set target. Trump’s cryptocurrency bucket is only 4% full. Only $12 million of the $300 million goal was raised, despite the first $30 million being reserved for the costs of…
In January 2021, gmoney purchased Ape Punk #8219, the most expensive CryptoPunk at the time, for 140 ETH ($150,275 at the time). Months before Beeple broke the sound barrier with his $69 million Everydays sale, the sale garnered a lot of attention thanks to gmoney’s Twitter thread thesis about CryptoPunks and digital scarcity heralding the NFT craze.But that didn’t come yet and the cryptocurrency plummeted right away, taking the CryptoPunk low price with it. Coming from a Tradfi background, gmoney got into cryptocurrency in 2017, but it wasn’t until late 2020 that he started getting interested in NFTs. The New…
The U.S. Securities and Exchange Commission (SEC) has filed a last-minute appeal in its ongoing legal battle with Ripple Labs, seeking to overturn part of a summary judgment issued by U.S. District Judge Analisa Torres more than a year ago.Torres’ July 2023 ruling partially favored Ripple by concluding that the company’s sale of XRP to individual investors on the digital asset platform did not violate U.S. securities laws. The court ruled that these transactions did not meet the legal standard for investment contracts, dealing a blow to the SEC’s broader efforts to regulate cryptocurrency sales under existing securities laws.In a…
A veteran trader known for making timely cryptocurrency calls has issued a warning, suggesting that the memecoin sector may have reached peak popularity. Pseudonymous trader The Flow Horse said on his Telegram channel that memecoins could soon disappear as other cryptocurrency sectors rise. “I want to emphasize this point. Nothing is permanent in this market or in life. Some things stay in the spotlight for much longer than others, but the longer something stays in the spotlight, the more people forget that everything else still exists. Opportunities lie in overlooked spaces that seem dark and empty. And remember, nature abhors…
Jessie A. Ellis October 18, 2024 01:41 Tezos Spotlight hosted a dynamic digital art event in London, bringing together artists and tech enthusiasts to explore the role of blockchain in art. The event featured a variety of artworks and insightful discussions. Trilitech’s offices in London have recently become a hub for digital creativity, hosting captivating art events under the banner of Tezos Spotlight. The gathering brought together participants from across the Tezos art ecosystem and provided a unique opportunity to explore the intersection of blockchain technology and art. Event Highlights In line with London…
‘‘Three Arrowz Capitel’ made a huge memecoin bet. The founders of Singapore-based Three Arrows Capital (3AC), once honored as a multibillion-dollar powerhouse in the world of cryptocurrency investing, have taken a sharp turn into the memecoin space with their latest twist. 3AC co-founder Su Zhu recently stepped up his public memecoin trading game with a tweet saying “Run it back,” and has since also announced new investments such as “Fat Girlfriend” and “Astrofolio.” Tokens based on astrological signs. 3AC announced investment in Fat Girlfriend. (3 AC) Zhu’s new investment thesis concerns the so-called “memecoin supercycle.” At the recent Token2049 conference…
ETH hit a hurdle near $2700 after recovering in October. The options market estimates that ETH is less likely to reach $3,000 before the US elections. Ethereum (ETH) After reversing losses in the first half of October, it recovered to $2.6K. The largest altcoin recorded a recovery gain of around 12% after rising from $2.3K to over $2.6K. At press time, ETH was worth $2,614, but has hit a major hurdle below $2,700. Ethereum price prediction Source: ETH/USDT, TradingView Since October 9, ETH has recorded increased capital inflows, as evidenced by the rise in Chaikin Money Flow. However, indicators have…