Two prominent cryptocurrency strategists predict that layer 1 protocol TONcoin (TON) will rebound after last week’s sudden correction. Altcoin Sherpa, an anonymous analyst, told his 220,700 followers on social media platform X that TON could rise by more than 23% from its current value. “I bought TON spot last night, I’ll hold on to it and see what happens. $5.50 was my entry point, I’ll be patient. I think these averages will recover a bit, these are decent entry points from a TA (technical analysis) perspective. My target is around $6.30.” Source: Altcoin Sherpa/X Another anonymous analyst, The Crypto Dog,…
Author: Crypto Flexs
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Venture Capital • August 27, 2024 1:52 PM EDT Posted 1 minute earlier ~ in Updated: August 27, 2024 1:57 PM EDT Happy Tuesday! In today’s newsletter, we have news about a Microsoft-backed blockchain and AI startup raising an additional $20 million, Aave Labs proposing to integrate BlackRock’s BUIDL into its stablecoin system, MakerDAO rebranding to Sky, and more.Meanwhile, Anthony Scaramucci discusses the importance of not alienating crypto voters in the latest episode of The Scoop podcast.Let’s get started.Microsoft-backed AI, blockchain startup Space and Time raises $20 millionMicrosoft-backed startup Space and Time Labs has raised $20 million in Series A…
Peter Zhang 27 Aug 2024 21:33 The Wyoming Blockchain Symposium brought together industry leaders to provide key insights into regulatory developments and energy strategies in the cryptocurrency space. The Wyoming Blockchain Symposium recently brought together 250 of the leading minds in the digital asset industry. Hosted by SALT in partnership with Kraken and the University of Wyoming, the event highlighted Wyoming’s pioneering role in cryptocurrency regulation and energy innovation, according to Bitwise Investments. Wyoming’s Regulatory Environment Wyoming has been at the forefront of supporting digital assets, particularly through its Special Purpose Depository Institution (SPDI)…
Ethereum is under significant selling pressure after its latest attempt to recover from a multi-month low earlier this month. The cryptocurrency has been on a three-week retreat, retesting the critical $2,819 threshold that previously served as a key support level. However, this support has turned into resistance, leading to a rejection that signals a potential downside for ETH. The bear market structure remains the same The range context for Ethereum is still not good from the short-term perspective. The coin has formed lower highs and lower lows since reaching the $4,000 mark and has been retracing its losses over the…
The company’s trading volume increased by 573% due to the integration of Akash Network and NVIDIA product Brev. AKT has surged 20.18% over the last 7 days. On August 23, all cryptocurrencies experienced a strong bullish trend. Since then, the market has become volatile, with investors hoping that external forces will influence another bullish trend. Even amidst these market volatility, Akash Network has shown strong uptrend. The price volatility has everyone wondering what is driving the rally in AI-themed altcoins. Akash Network Integrated into NVIDIA’s Brev According to a report from NVIDIA’s head of technology development, Nader Khalil, the AI…
Yat Siu, a serial web3 entrepreneur and angel investor at Animoca Brands, was tasked with cracking the code on how big a social ripple effect could occur for every user who followed them on X. “Not every follower is the same,” a casually dressed Siu tells Hall of Flame via Zoom call from his plush Hong Kong office. “For example, someone might only have 10,000 followers, but their influence is much deeper than someone with 100,000 or 200,000 followers, because the audience that follows you has a network effect, so the nodes of followers are more powerful,” explains the Austrian-born…
The United Arab Emirates (UAE) has requested consular services for Telegram CEO Pavel Durov, who was arrested in Paris on cybercrime charges. France is investigating Durov for allegedly facilitating illegal activities via Telegram. Russia has also attempted to protect Durov’s rights, but France has been described as uncooperative. Telegram denies any wrongdoing and defends its mediation practices.
This column was co-written by Frank Chaparro, Special Projects Director at The Block, and Laura Vidiella of MNNC Group. The views expressed in this column are their own and do not necessarily reflect those of their employers. My name is Frank. Greetings from the United Club Lounge. I am waiting for my flight out of San Francisco after a few weeks of traveling from New York to Jackson and finally to San Francisco. Recent events have got Laura and I thinking about crypto hubs.San Francisco has been a technology hotbed since the early days of the semiconductor industry, with the…
According to a blog post on August 27, Ondo Finance, a real-world asset (RWA) protocol, is extending access to the Ondo US Dollar Yield Token (USDY) to Arbitrum, an Ethereum layer 2 scaling network.Ondo’s USDY is a yield token designed to allow users to earn up to 5.35% annual yield on stablecoins like USD Coin (USDC). According to Ondo, each USDY token is backed by bank deposits and short-term government bonds. “This launch paves the way for some of the largest decentralized finance applications to leverage tokenized U.S. Treasuries,” Katie Wheeler, Ondo’s VP of partnerships, said in a statement. USDY…
Lawrence Jengar 27 Aug 2024 21:49 Gala Games partners with Coinflow to integrate Google Pay and Apple Pay to improve payment options for seamless NFT transactions. Gala Games has announced that it is working with Coinflow to integrate Google Pay and Apple Pay as new payment options within its ecosystem. According to Gala News, the development aims to streamline the trading of NFTs and other digital content on the Gala platform. Enhanced Payment Options This integration represents a significant milestone for Gala Games, which has focused on making its ecosystem more accessible and versatile.…