Singapore, Singapore, October 10, 2024, ChainwireLeading investors have joined forces to support Yala’s vision for a multi-chain ecosystem connected to Bitcoin.Yala, Bitcoin’s liquidity protocol and stablecoin issuer, announced the successful completion of a seed funding round that was oversubscribed 3x. The round was co-led by Polychain Capital and Ethereal Ventures, with participation from notable investors including Galaxy Vision Hill, Anagram, Amber Group, ABCDE, Ambush Capital, GeekCartel, HashKey Capital, L2 Iterative Ventures (L2IV), SatoshiLab, and UpHonest Capital. , UTXO Management and 280 Capital.Yala’s team raised a seed round of $8 million at an undisclosed valuation to fund the expansion of its…
Author: Crypto Flexs
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jack anderson October 8, 2024 11:42 BNB Chain announced CoCo Coin (COCO) as the winner of Phase 3 of its Meme Liquidity Program, which supports meme projects through liquidity and growth. The BNB Chain ecosystem announced CoCo Coin (COCO) as the winner of the third phase of the “Meme Heroes” support program. According to the BNB Chain blog, this initiative aims to strengthen meme projects by providing critical liquidity pool (LP) support, fostering growth, and improving liquidity within the BNB Chain ecosystem. What is CocoCoin? CoCo Coin operates on the BNB Smart Chain (BSC)…
The founder of Tezos (XTZ) and his wife have once again taken the IRS to court over its handling of staked XTZ tokens. In a new complaint filed in federal court in Tennessee, Josh and Jessica Jarrett argue that newly minted tokens through staking should only be treated as taxable if they are sold. “New properties are not taxable income. Instead, taxable income arises from the proceeds from the sale of the new property. In all other situations, the IRS recognizes that new property is not taxable income. If a taxpayer creates new property, such as a crop, a writer’s…
Blockchain analysis company Arkham Intelligence plans to open a cryptocurrency derivatives exchange as early as next month, Bloomberg News reported. Bloomberg, citing sources familiar with the matter, said the exchange would target retail traders and compete with established platforms such as Binance. Arkham is reportedly already in the process of obtaining a license in the Dominican Republic, where it plans to operate an exchange. Arkham’s blockchain tracker. Source: Arkhamrelevant: Bitcoin ETF Options Expected By Q1 2025: Bloomberg AnalystThe cryptocurrency derivatives market is growing explosively, driven primarily by the trading activity of individual investors. According to a report by CCData, cryptocurrency…
After falling below $2,450 on October 2, the price of Ethereum (ETH) has consolidated within a narrow gap of $100 over the past nine days. While Bitcoin (BTC) saw market volatility, Ether’s weekly returns fell only 1%. On the weekly chart, Ethereum maintained its bullish position by staying above the 200-day EMA trendline. ETH/USD on weekly chart. Source: TradingViewSeveral bullish signals have now been confirmed for the altcoin, which could trigger a positive breakout for the ETH/USD trading pair.Ether Enters Final Stage of Bullish FractalLast month, Cointelegraph reported that Ethereum’s price movements were forming a market fractal, which was first…
Ripple co-founder Chris Larsen donated $1 million in cryptocurrency to a political action committee supporting Vice President Kamala Harris.According to the Federal Election Commission filingsLarsen contributed $1 million to “non-contributory account; in-kind: 1,754,815.29″ on August 14th. XRP +1.81% It was not liquidated.” The funds went to Future Forward PAC. Accepts cryptocurrency donations On behalf of Harris’ presidential campaign.Future Forward PAC partners with Coinbase Commerce. According to the website, it automatically converts the user’s chosen currency to the stablecoin USDC to reduce volatility.First Eleanor Terrett on Fox Business reported After hearing about Larsen’s donation, he said it was the first cryptocurrency…
The cryptocurrency market is witnessing a growing trend among large Bitcoin holders, commonly referred to as “whales.” As of October 2024, these whales have amassed a total of 267,000 BTC, a sharp increase of 75,000 BTC since September. This accumulation phase has particularly attracted attention because it coincides with major market developments in the Bitcoin options space. Active Bitcoin whales now have more. $BTC The total balance has reached almost 267,000 BTC, more than ever before. This is an increase of 75,000 BTC since September. Whales are accumulating. pic.twitter.com/Tj1R7jpExC — Satoshi Club (@esatoshiclub) October 11, 2024 Despite this optimistic behavior…
Wang Long Chai October 8, 2024 15:09 To advance AI innovation, NVIDIA has partnered with Carnegie Mellon University and the University of Pittsburgh to launch the first AI technology community in Pittsburgh. NVIDIA announced the launch of its first AI Technology Community in Pittsburgh, Pennsylvania, to build a strategic platform connecting academia, industry, and public sector organizations to advance artificial intelligence innovation. According to the NVIDIA blog, the plan was revealed at the NVIDIA AI Summit in Washington, DC. Collaborating with Academic Leaders The initiative includes collaborations with prestigious institutions such as Carnegie Mellon…
Blockchain analysis company Arkham Intelligence plans to open a cryptocurrency derivatives exchange as early as next month, Bloomberg News reported. Bloomberg, citing sources familiar with the matter, said the exchange would target retail traders and compete with established platforms such as Binance. Arkham is reportedly already in the process of obtaining a license in the Dominican Republic, where it plans to operate an exchange. Arkham’s blockchain tracker. Source: Arkhamrelevant: Bitcoin ETF Options Expected By Q1 2025: Bloomberg AnalystThe cryptocurrency derivatives market is growing explosively, driven primarily by the trading activity of individual investors. According to a report by CCData, cryptocurrency…
According to cryptocurrency traders, many altcoins are currently showing a “bullish pattern” that could soon see the market enter an “up only season” if all goes as expected. ” “The altcoin seasonal index has been forming one of the most bullish patterns for 3.5 years,” declared anonymous analyst Mustache in a post to X on October 11. The analyst noted an inverse head and shoulders (IH&S) chart pattern formed on Blockchaincenter’s Altcoin Season Index chart for the period 2022-2024. The inverted head and shoulders pattern is a bullish indicator that the downtrend is easing and buyers are becoming more dominant…