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Latest Crypto News. Find out about the latest happenings and highlights in the world of crypto. What you need to know in minutes.
Latest crypto news without forgetting: DeFi – GameFi – Metaverse, in english and french. Not forgetting blockchain and the world of DeFi in general. What to remember in a few lines.
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Latest crypto news without forgetting: DeFi – GameFi – Blockchain – Metaverse
Articles not to be missed:
Latest crypto news with Bitcoin Performance Analysis to September 19, 2024
Travala and Decentralized Finance (DeFi)
Rumors Surrounding Ethereum ETFs
Analysis of Bitcoin’s Performance as of August 28, 2024
Dogecoin: The Most Profitable Meme Coin Right Now!
Bitcoin City: A Major Step Towards the Project’s Realization
Binance: New Wave of Asset Removals
Is the Biggest Airdrop of All Time About to Happen?
Why does Elon Musk always prefer Dogecoin over Bitcoin?
Trump Predicts the Future of Bitcoin: Toward Supremacy Over Gold
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Latest Crypto & DeFi News – Briefs:
SEC’s Direct Attack on the NFT Universe
The case is causing a stir in the world of cryptocurrencies and digital art. The SEC (Securities and Exchange Commission) has issued a Wells Notice to Opensea, one of the largest NFT platforms globally.
This notice, which often precedes legal action, claims that
some NFTs (non-fungible tokens) available on the market could be considered unregistered securities.
If confirmed, these allegations could not only undermine the legitimacy of NFTs but also send shockwaves through the entire blockchain industry.
The debate is on: Are NFTs merely digital collectibles, or should they be subject to the same regulations as stocks and other financial securities?
Opensea has until mid-September to respond to the SEC’s allegations, which could have significant implications for the entire NFT and blockchain market.
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PEPE: probable 70% fall this autumn?
To begin with, PEPE’s technical indicators are very bearish at the moment.
The great bull run seems to be over. A new phase, this time corrective, is clearly on the horizon. A long correction that could see the price of PEPE fall by… more here.
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DOGE2014, how Dogecoin is making a comeback. Discover new memecoin features, characteristics and more
Doge2014 – introduction: In the world of crypto-currencies, trends evolve at breakneck speed, but some currencies have managed to retain their place in the hearts of investors and enthusiasts alike. Among them, Dogecoin, often recognized for its humorous origins, is making a remarkable comeback in a revisited form with DOGE2014. This new version doesn’t just capitalize on nostalgia; it also introduces an innovative concept for staking aficionados… more on: DOGE2014 – introduction
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What are the 10 countries with the most cryptocurrency holders in 2024?
In 2024, here is the ranking of countries with the highest number of cryptocurrency holders (as a percentage of the population):
- United Arab Emirates: 25.3%
- Singapore: 24.4%
- … more here
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Shiba Inu ETF marks the crypto news of the moment
The Shiba Inu project is currently exploring the possibility of launching an ETF (Exchange-Traded Fund), which could have a significant impact on the crypto market. Here are the four key arguments in favor of this initiative:… more here.
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Three Altcoins to Watch This Week for a Potential Bull Run!
The cryptocurrency market is buzzing, and three altcoins stand out for their imminent growth potential.
SEI: This cryptocurrency… more here.
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Latest crypto news with Bitcoin Performance Analysis to September 19, 2024
Quick Bitcoin Analysis:
Bitcoin recently surpassed $60,000, and this significant support level might hold this time due to the FED’s decision on U.S. interest rates. What does technical analysis tell us? To consider a further rise, there are two major resistance zones to break through before returning to the resistance areas around $65,000.
In case of a decline, the key support level to watch is $60,000.
Discover the two resistance zones to overcome and the most strategic moments to position for an uptrend: find out with the full analysis at:
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Bitcoin City: A Major Step Towards the Project’s Realization
El Salvador has recently unveiled a historic $1.6 billion investment for the development of its “Bitcoin City.” This project, in partnership with Yilport Holdings, a Turkish company, aims to transform the strategic ports of Acajutla and La Union into major economic hubs.
“Bitcoin City” represents an ambitious initiative by the Salvadoran government to establish a city entirely dedicated to cryptocurrencies, featuring tax incentives and modern infrastructure to attract international investors. This project, alongside the creation of a pro-bitcoin bank, aligns with President Nayib Bukele’s vision of positioning El Salvador as a global leader in cryptocurrency adoption. With an investment of $1.6 billion, the largest ever made in the country by a private company, the plan includes modernizing port infrastructure to increase cargo processing capacity and boost international trade.
The ports of Acajutla and La Union will be crucial to the region’s economic development, and this ambitious project could not only transform El Salvador’s economy but also serve as a model for other nations looking to adopt similar technologies.
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Investor Confidence in the Future of Bitcoin – Withdrawal of $1.7 Billion from Exchanges: Is It a Good Sign?
Introduction
The massive withdrawal of Bitcoin from exchanges can be interpreted as a sign of investor confidence in the future of this cryptocurrency. Let’s explore why this withdrawal could indicate a positive long-term outlook.
Reasons for Withdrawal Without Intent to Sell
- Security and Control: By withdrawing their Bitcoins from exchanges, investors seek to secure their assets in private wallets. This reduces the risks associated with hacks and exchange bankruptcies. This approach shows a willingness to hold onto their Bitcoins for the long term.
- Long-Term Holding Strategies: Investors who believe in the future value of Bitcoin often prefer to store it off exchanges to avoid short-term price fluctuations. This reflects confidence in the continued growth and future stability of Bitcoin.
- Avoidance of Selling Pressures: By withdrawing their assets from exchanges, investors protect themselves from the temptation of impulsive selling during price drops. This demonstrates a strategy of patience and resilience in the face of market variations.
Implications for the Market
- Long-Term Stability: The fact that investors choose to hold their Bitcoins off exchanges may indicate an anticipation of long-term value appreciation. This can contribute to a perception of stability and confidence in the cryptocurrency market.
- Reduction of Volatility: Fewer Bitcoins available on exchanges can reduce the volatility caused by massive sales. This can create a more stable and predictable market environment.
- Positive Market Sentiment: The withdrawal of Bitcoins from exchanges can be seen as a sign that investors believe in the resilience and growth potential of Bitcoin. This can strengthen overall confidence in the cryptocurrency market.
Conclusion
The withdrawal of Bitcoins from exchanges, amounting to over $1.7 billion, is far from being a sign of imminent selling. On the contrary, it can actually reflect increased investor confidence in the future of Bitcoin. By securing their assets and adopting long-term holding strategies, investors demonstrate their faith in the future growth and stability of this cryptocurrency.
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Bitcoin Price Drop: It Doesn’t Change a Thing! Why?
Bitcoin and other cryptocurrencies have experienced a significant drop, which is a blow for investors who were still hoping for some stability. This decline is not directly related to the specific dynamics of the crypto market but rather to broader concerns about stock markets and the overall economy.
Bernstein analysts attribute this correction to “fears in the equity markets” as well as broader economic worries.
Despite this volatility, institutional adoption of Bitcoin remains strong. Bitcoin exchange-traded funds (ETFs) continue to attract significant investments, with inflows surpassing $17 billion since the beginning of the year.
“We do not see any additional negatives for crypto here,” say the analysts, highlighting that institutional adoption trends remain solid.
Impact of the Presidential Election:
The upcoming U.S. presidential election could play a crucial role in the evolution of the crypto market in the third quarter of 2024. According to Bernstein, Bitcoin is seen as a “Trump trade,” with the crypto market having a preference for the former president, who is perceived as more favorable to cryptocurrencies.
Recent polling data shows a tight race between Trump and Vice President Kamala Harris, with 50% and 49% of the votes, respectively. This political suspense adds an extra layer of uncertainty, influencing the prices of Bitcoin and other cryptocurrencies.
Conclusion:
Despite this uncertainty, institutional involvement in the crypto space continues to grow.
- Bitcoin ETFs attracted over $17 billion in 2023.
- The U.S. presidential election has a notable impact on the cryptocurrency market.
Recent approvals by major financial institutions, along with expectations of more approvals in the upcoming quarters, are likely to provide new opportunities for asset allocation toward Bitcoin.
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Latest crypto news: Trump Predicts the Future of Bitcoin: Toward Supremacy Over Gold
During a speech in Nashville, Donald Trump expressed his bold vision for Bitcoin, asserting that it could surpass gold’s market capitalization. This statement, marked by an enthusiastic analysis of the growth and potential of cryptocurrencies, sparked a lively debate among financial experts and crypto enthusiasts. Trump emphasized that the growing adoption of Bitcoin and other cryptocurrencies could disrupt traditional assets and transform the global economy.
Bitcoin on the Rise
Since its inception, Bitcoin has experienced exponential adoption and increasing valuation, attracting the attention of institutional investors and individuals alike. The notion that Bitcoin could one day rival gold, a millennia-old safe haven asset, reflects growing confidence in blockchain technology and its disruptive potential.
Implications for the Global Economy
Trump’s prediction comes at a time when cryptocurrencies are gaining legitimacy and recognition. If Bitcoin were to surpass gold’s market capitalization, it could transform investment strategies and economic policies worldwide. Traditional financial sectors would be forced to adapt to this new reality, marking a significant turning point in investment history.
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How many new addresses used the Bitcoin network for the first time during the early days of July?
Surge in New BTC Addresses
Early July: Despite falling prices, 300,000 new addresses appeared on the Bitcoin network.
Investor Enthusiasm: Spot ETFs attracted $900 million in just five days. Is Bitcoin, the king of cryptocurrencies, poised for extraordinary performance in the coming months?
Price Trends and Historical Comparison
Recent Rise: Bitcoin increased by 1.5% in 24 hours and 3% in a week, despite a 15% drop over a month.
Past Cycles: Current Bitcoin performance mirrors previous cycles, suggesting a potential future rise.
Market Predictions
Resistance and Support: Bitcoin needs to break the $59,000 resistance to target $60,000; otherwise, it risks falling to $57,000 or even $52,500.
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Analysis of Bitcoin in July: Insights from Historical Trends
Current Context
July is often marked by lows for Bitcoin. The article examines how historical performance trends of Bitcoin in July might influence the upcoming months.
Historical Factors
- Repetitive Trends: Historically, July often sees a drop for Bitcoin, sometimes followed by notable recoveries in August and September.
- Seasonal Influence: Analysts note a seasonal influence where the market shows similar trends each year.
Outlook for the Coming Months
- Potential Recovery: After July’s lows, increases are often observed, suggesting recovery opportunities for investors.
- Persistent Volatility: Despite trends, volatility remains a feature of the cryptocurrency market.
Conclusion
July may be challenging for Bitcoin, but historical trends indicate potential recovery in the following months. Investors should closely monitor market indicators and adjust strategies accordingly. A good way to understand future trends is to follow the technical analysis on if you are decentralized Bitcoin trading.
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USA – Paying taxes with Bitcoin, soon possible?
Requiring the Secretary of the Treasury to develop and implement a system for accepting Bitcoin for tax payments would be the outcome if the bill proposed by Republican Representative Matt Gaetz is passed.
Currently, only Colorado allows American citizens to pay their individual taxes using cryptocurrencies. However, this could soon change. Matt Gaetz, a Republican representative from Florida, has indeed submitted a bill that would allow the use of Bitcoin to pay federal income taxes.
This proposal is not insignificant, as Matt Gaetz has traveled to El Salvador several times to study the impacts of Bitcoin. This initiative comes in a tense electoral context, where Donald Trump and Joe Biden are clashing over the use of cryptocurrencies.
Recently, Donald Trump declared that “the future of cryptocurrencies and Bitcoin will be decided in America.” Although Democrats have traditionally been less favorable to the adoption of cryptocurrencies, President Joe Biden has had to soften his stance. Some members of his administration are even expected to participate in a Bitcoin roundtable organized by Democrat Ro Khanna.
In the same vein, Republican Thomas Massie announced a few weeks ago his intention to introduce a bill to abolish the Federal Reserve after reading the book “Bitcoin Standard.”
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Latest crypto news with summary and current implications of the Mt. Gox affair
Mt. Gox Announces Distribution of 141,000 BTC Stolen in 2014, Market Panics, Downward Pressure on Bitcoin
In 2014, the bitcoin exchange platform Mt. Gox suffered a major hack, resulting in the loss of 850,000 BTC, then valued at approximately $450 million. This incident led to the company’s bankruptcy and marked one of the largest crises in the history of cryptocurrencies.
Mt. Gox’s repayment plan includes the distribution of 142,000 BTC ($8.6 billion) – this explains the drop in Bitcoin’s price in recent hours.
Has the market overreacted? Will all the distributed bitcoins be sold? Certainly not. What is certain is that this creates a great buying opportunity for those who believe in Bitcoin’s fundamentals and its future value. If you’re into decentralized bitcoin trading, then beware, this event could have a significant impact on the Bitcoin price
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Rumors Surrounding Ethereum ETFs
Ethereum Exchange-Traded Funds (ETFs) are currently at the center of troubling rumors. Since their launch, these ETFs have underperformed, largely due to low trading volumes compared to Bitcoin ETFs. Several factors contribute to this situation, including the lack of trading margins and a challenging macroeconomic environment that has negatively impacted Ethereum’s performance.
Institutional investors, typically the main players in such financial products, have shown limited interest. The volatility of Ethereum and competition from other digital assets also contribute to this lack of enthusiasm. Furthermore, the continued decline in Ethereum prices exacerbates the issue.
However, it is premature to declare the end of Ethereum ETFs. Strategic adjustments, such as introducing new features or improving market conditions, could rejuvenate these products. Some analysts believe that with economic recovery and increased stability in the cryptocurrency sector, Ethereum ETFs could experience a resurgence.
In conclusion, while challenges abound, the future of Ethereum ETFs remains uncertain but potentially promising.
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PEPE: probable 70% fall this autumn?
To begin with, PEPE’s technical indicators are very bearish at the moment.
The great bull run seems to be over. A new phase, this time corrective, is clearly on the horizon. A long correction that could see the price of PEPE fall by 60-70%.
In order to start rising again, the price would have to break above resistance at $0.000009, a sine qua non for a new bull run.
For the moment, the only positive thing is that we’re still in an accumulation phase, but for how much longer?
The chart also shows that, on a daily basis, the moving averages have turned bearish, and the MM20 in green has just crossed below the MM50 in red.
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Dogecoin: The Most Profitable Meme Coin Right Now!
Introduction
Against all odds, Dogecoin, often seen as a joke in the cryptocurrency world, is proving to be the most profitable meme coin at the moment.
The Meme Coin Showdown
For several months, a real battle has been unfolding between new cryptocurrencies and older ones like Dogecoin. While some new coins have experienced spectacular percentage increases, more established cryptocurrencies continue to hold their ground.
Dogecoin in the Lead
Dogecoin, the oldest of the meme coins, is currently surpassing tokens like Shiba Inu in profitability. About 72% of Dogecoin holders are in profit, a rate higher than that of many other cryptocurrencies.
The Competition
Behind Dogecoin, few meme coins manage to maintain their position. Floki is one of the few showing positive results, with a gain rate of 70.49%. Others like PEPE and SHIB also manage to hold their own, but coins such as Turbo, Bone, and MAGA TRUMP struggle to stay afloat.
Conclusion
Despite the volatility and risks associated with meme coins, Dogecoin continues to dominate the market, proving that even the oldest cryptocurrencies can still deliver surprises.
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Binance: New Wave of Asset Removals
Binance, the cryptocurrency exchange platform, is known for its fluctuating impact on altcoin prices, especially when it comes to token removals. Today, the company has announced another kind of change that could also lead to significant losses.
Since the beginning of 2024, Binance has removed numerous assets, often due to their lack of popularity, security concerns, or regulatory constraints. It appears the renewal period has arrived, as the exchange has announced it will suspend withdrawals of the following tokens starting September 2:
- Bitcoin Standard Hashrate Token (BTCST)
- Bitshares (BTS)
- District0x (DNT)
- Groestlcoin (GRS)
- Hegic (HEGIC)
- MobileCoin (MOB)
- Monero (XMR)
- Monetha (MTH)
- Multichain (MULTI)
- Navcoin (NAV)
- Sologenic (SOLO)
- Spartan Protocol (SPARTA)
- Symbol (XYM)
- Tribe (TRIBE)
Action Required for Altcoin Holders
Users are therefore advised to transfer their altcoins without delay. Otherwise, they will be automatically converted to USDC.
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Is the Biggest Airdrop of All Time About to Happen?
Hamster Kombat is set to make cryptocurrency history with an unprecedented event: the largest airdrop ever conducted. This event promises to distribute a massive amount of tokens to its users, creating a unique opportunity for cryptocurrency enthusiasts.
What is an Airdrop?
An airdrop is a free distribution of tokens or cryptocurrencies to a wide audience. It is often a marketing strategy used by new platforms to attract users and build an engaged community.
Why Hamster Kombat?
Hamster Kombat, an innovative Web3 gaming platform, has decided to make a big splash with this airdrop. The goal is to promote the platform and attract new participants by offering significant rewards. Users will have the chance to explore the unique features of Crypto Hamster Kombat while receiving free tokens. Just a reminder: Crypto Hamster Kombat is a blockchain-based game that combines combat and strategy elements, and it’s a play-to-earn game.
How to Participate?
Participating in this airdrop is simple. Users need to follow a few easy steps, such as signing up on the platform, following the official accounts on social media, and perhaps completing a few simple tasks. In return, they will receive free tokens that could potentially increase in value over time.
Benefits for Users:
- Free Rewards: Receive tokens without spending a dime.
- Platform Discovery: Explore the innovative features of Crypto Hamster Kombat.
- Growth Potential: The tokens received may increase in value, offering potential gains.
Don’t miss this unique opportunity to take part in the biggest airdrop in cryptocurrency history.
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The Rise of Ethereum ETFs: Assessing the Impact of Investments in ETH
Since their introduction, Ethereum-based exchange-traded funds (ETFs) have garnered increasing interest, marking a significant milestone in the integration of cryptocurrencies into traditional financial markets. A recent article from Journal du Coin reveals that the Ethereum ETF managed by BlackRock has attracted nearly $870 million in just a few weeks, highlighting the substantial appeal of this leading cryptocurrency. Let’s review the impact of this trend and its implications for the future of Ethereum ETFs.
Recent Facts and Figures:
Despite ongoing withdrawals observed since the conversion of the Ethereum Grayscale Trust (ETHE) into an ETF on July 23, the eight other Ethereum ETFs launched on the same day are performing very well. To date, they have only recorded net inflows.
The iShares Ethereum Trust (ETHA), backed by the giant BlackRock, stands out particularly, accumulating nearly $870 million in net inflows in just 11 days of trading.
The Rapid Rise of Ethereum ETFs
The Ethereum ETF launched by BlackRock has experienced a swift rise since its inception. According to reported data, this fund managed to attract $870 million within a few weeks, reflecting significant interest from institutional and individual investors. This influx of capital represents an important step in the adoption of cryptocurrencies by traditional investors.
Why Such Interest in Ethereum?
Ethereum, the second-largest cryptocurrency after Bitcoin, is distinguished by its smart contract capabilities and decentralized platform for decentralized applications (dApps). The ongoing network upgrades, including the transition to Ethereum 2.0 and improvements in scalability and sustainability, have helped bolster investor confidence.
ETFs allow investors to gain exposure to Ethereum without having to buy and store the cryptocurrency directly, simplifying investment for those who prefer traditional financial instruments. Additionally, the ETF structure provides liquidity and transparency, making it attractive to financial institutions.
Market Implications
The influx of funds into BlackRock’s Ethereum ETF has notable implications for the cryptocurrency market. Firstly, the increased interest in Ethereum is likely to lead to heightened price volatility, as large amounts of capital can significantly influence the market.
Secondly, this development could encourage other financial institutions to launch their own Ethereum-based ETFs or those for other cryptocurrencies. This could ultimately increase the diversification of financial products related to cryptocurrencies and strengthen their mainstream acceptance.
Challenges Ahead
Despite the positive signs, it’s important to recognize that Ethereum ETFs face certain challenges. Cryptocurrency regulation remains an evolving topic, and regulators may impose additional restrictions as cryptocurrency-based financial products become more common. Moreover, price fluctuations and the risks associated with cryptocurrencies continue to be concerns for investors.
Conclusion
In conclusion, the massive influx of capital into BlackRock’s Ethereum ETF is a clear indicator of the growing acceptance of cryptocurrencies in traditional finance. With increasing interest from institutional investors, Ethereum may continue to evolve as a major financial asset. However, regulatory challenges and market fluctuations will remain crucial factors in the future of Ethereum-based ETFs. The coming months will be crucial to observe how this trend develops and how the market reacts to these new dynamics.
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Crypto & DeFi in Crisis: Ethereum Experiences a 20% Drop
In a significant turn of events for the cryptocurrency and decentralized finance (DeFi) ecosystem, Ethereum, the second-largest cryptocurrency after Bitcoin, has recorded a substantial 20% drop in its value. This event has sparked waves of concern and speculation within the crypto community. Here are the key points explaining this crisis.
Context of the Drop
The dramatic decline in Ethereum’s price has been triggered by a series of economic and technical factors. Major contributors to this crisis include growing concerns about the scalability and security of the Ethereum network. Delays in scheduled updates and significant technical challenges have intensified investor worries.
Impact on the Market
This drop has had widespread repercussions on the entire cryptocurrency market and DeFi platforms. DeFi projects, often built on Ethereum, have also suffered, with a notable reduction in funds locked in smart contracts and a decrease in user confidence. This situation has led to increased volatility and a period of uncertainty for investors and developers.
Community Reactions
The crypto community’s reaction has been swift and varied. Some have expressed concerns about Ethereum’s and DeFi projects’ future, while others see this as an opportunity to buy at a low price, anticipating a long-term recovery. Discussions have intensified on forums and social media, with analysts and experts trying to decipher the root causes of this crisis and proposing possible solutions.
Future Outlook
Despite the current crisis, some analysts believe that the situation could improve with future developments. Technical improvements and scheduled updates for Ethereum might potentially address some of the ongoing issues. However, the road ahead remains challenging and will require careful management and innovative solutions to restore confidence in the Ethereum and DeFi ecosystems.
In conclusion, Ethereum’s 20% drop represents a critical turning point for the cryptocurrency and decentralized finance market. As investors and developers navigate this period of uncertainty, the future of Ethereum and the entire DeFi sector remains uncertain but also full of opportunities for those who can anticipate and adapt to market changes.
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Investment: Americans Flock to Cryptocurrencies at the Expense of Traditional Assets
The growing preference among Americans for cryptocurrencies as an investment tool is becoming increasingly evident.
Here are the key points to note:
- Growth of Interest: More and more Americans are showing a marked interest in cryptocurrencies, highlighting a trend of viewing them not only as a means of diversifying investments but also as a potential for high returns.
- Investor Preferences: Data reveals that American investors favor specific cryptocurrencies, with a strong focus on Bitcoin and Ethereum, which are seen as the most solid and established digital assets.
- Investor Demographics: The interest in cryptocurrencies spans various age groups and socio-economic backgrounds. Younger investors, in particular, are increasingly inclined to incorporate cryptocurrencies into their portfolios.
- Motivating Factors: The main drivers of this trend include the search for returns higher than those offered by traditional financial instruments and the desire for diversification in an uncertain economic environment.
- Regulation and Risks: While the growing interest in cryptocurrencies is notable, regulatory challenges and associated risks remain major concerns. Investors must navigate a rapidly evolving landscape with regulatory uncertainties that can influence their decisions.
This indicates a growing adoption of cryptocurrencies among American investors, with a clear preference for established assets like Bitcoin and Ethereum and an increased interest in investment diversification in a volatile economic context.
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Why does Elon Musk always prefer Dogecoin over Bitcoin?
Elon Musk has shared several reasons for his preference for Dogecoin over Bitcoin.
Here are some key points based on his statements and what differentiates Bitcoin from Dogecoin in reality:
Origins and Playful Intent of Dogecoin: Dogecoin was created as a joke in 2013 by Billy Markus and Jackson Palmer, based on a popular Shiba Inu meme. Elon Musk often highlights the humorous and lighthearted aspect of Dogecoin, contrasting it with the more serious and technological nature of Bitcoin.
Transaction Costs and Speed: Musk has pointed out that transactions with Dogecoin are faster and less expensive compared to Bitcoin. Bitcoin transaction fees can be high, and transactions can take longer to confirm, especially during periods of high demand. With its one-minute block times, Dogecoin generally offers quicker and cheaper transactions.
Accessibility and Public Adoption: Musk believes Dogecoin is more accessible to the general public. He has suggested that Dogecoin could be the “people’s cryptocurrency” due to its lower unit cost and less elitist character, potentially allowing more people to own and use it.
Community and Real-World Use: The Dogecoin community is known for being active and engaged, often participating in charitable causes and community actions. Musk has also emphasized the importance of real-world usage of cryptocurrencies in everyday transactions and sees potential for Dogecoin to be used more widely than Bitcoin in this regard.
Mining Centralization Control: Bitcoin is often criticized for its mining centralization, with a significant portion of the network controlled by a few large mining entities. Musk has noted that Dogecoin is less centralized in this respect, although this remains a topic of debate among cryptocurrency experts.
It’s important to note that Elon Musk’s views on cryptocurrencies can evolve, and his statements can have significant impacts on the markets due to his media and economic influence. Therefore, when carrying out decentralized trading of bitcoins, dogecoins or other cryptocurrencies, carefully review its statements, as they could greatly benefit or harm your investments.
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Spot Ethereum ETFs – Success is Here!
Spot Ethereum ETF made an explosive entry into the financial market. Officially launched on July 23, the Ethereum Spot ETFs recorded an impressive trading volume on their very first day of listing.
Impressive Start
Within just 15 minutes, spot Ether ETFs had already reached $112 million in transaction volume. This performance quickly increased to $361 million within the first 90 minutes. All nine ETFs, issued by eight different companies, experienced notable activity. The best performer, Grayscale ETHE, recorded a volume of $458 million. It was followed by BlackRock ETHA with $248.7 million, and Fidelity FETH with $137.3 million. Bitwise ETHW also displayed significant activity with $94.3 million.
Continued Momentum
By noon, the cumulative transaction volume of the Ether ETFs had almost reached $600 million. Grayscale ETHE still led with $250 million, closely followed by BlackRock ETHA and Fidelity FETH. Analysts had predicted that the demand for Ether ETFs would be about 20% of that for Bitcoin ETFs. However, the strong demand from day one suggests they could reach around $940 million by the end of the day. Ultimately, the day ended with a record total volume exceeding $1 billion for all the funds.
This performance of Ether ETFs signals strong market acceptance and investor confidence in these investment vehicles. It also demonstrates that these funds are well-positioned to play a crucial role in the broader adoption of crypto assets.
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What are the 10 countries with the most cryptocurrency holders in 2024?
In 2024, here is the ranking of countries with the highest number of cryptocurrency holders (as a percentage of the population):
- United Arab Emirates: 25.3%
- Singapore: 24.4%
- Turkey: 19.3%
- Argentina: 18.9%
- Thailand: 17.6%
- Brazil: 17.4%
- Vietnam: 17.4%
- United States: 15.5%
- Saudi Arabia: 15.0%
- Malaysia: 14.3%
Asia has the highest number of cryptocurrency holders, with 326.8 million inhabitants owning cryptos. North America and South America follow, with 72.2 and 55.2 million holders, respectively.
The most representative age group of cryptocurrency holders is between 24 and 35 years old.
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Shiba Shootout – introduction:
Shiba Shootout ($SHIBASHOOT) is a Web3 play-to-earn game inspired by the Wild West, where players become cowboy dogs in thrilling duels. Available on the App Store and Google Play, it allows players to earn $SHIBASHOOT tokens by playing. The $SHIBASHOOT token offers attractive financial incentives through its integration into gameplay and its marketplace for trading items and NFTs. With special events and a growing community, this project combines meme-tokens and captivating gameplay. Discover the adventure here.
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Cryptocurrency Rally Acceleration: Solana Leads the Way
After a few days of hesitation, cryptocurrencies saw a notable acceleration on Friday, with further gains expected this weekend. Among the top 10 tokens, Solana (SOL) stood out as the best performer, rising nearly 7% in 24 hours and 23% in a week.
Impressive Performance of Solana
Solana began its upward movement on July 5, after hitting a two-month low at $121. By Friday, it reached a peak of $172.25, a 42% increase in two weeks. This surge is attributed to factors like the rising re-election chances of Donald Trump, strong inflows into Bitcoin ETFs, and hopes for Fed rate cuts.
Impact of IT Outages and Ethereum ETFs
However, Solana’s acceleration, along with other cryptocurrencies on Friday, was also influenced by a global IT outage involving Crowdstrike and Microsoft. This highlighted the benefits of cryptocurrencies and blockchain technology as an alternative to centralized computing.
Solana, as a leading platform for creating applications, benefited particularly from this situation. Additionally, anticipation of the Ethereum ETF launch next week played a role. The SEC confirmed this launch on Wednesday, and many observers believe SOL could be the next crypto to get a spot ETF after BTC and ETH.
Technical Analysis and Outlook
Technically, Solana showed several major bullish signals this week, breaking a downtrend line on Monday. The token also surpassed the key psychological level of $150 and its 100-day moving average. However, it now faces significant resistance around $175. Higher up, the May 21 peak at $188 and the $200 level will be the next obstacles. On a pullback, the $160 and $150 levels will serve as potential support.
Solana continues to attract investor attention, and its development warrants close monitoring.
The outlook for Solana and cryptocurrencies, in general, remains positive, with new highs this weekend not ruled out for SOL, BTC, or other major cryptos.
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Shiba Inu ETF marks the crypto news of the moment
The Shiba Inu project is currently exploring the possibility of launching an ETF (Exchange-Traded Fund), which could have a significant impact on the crypto market. Here are the four key arguments in favor of this initiative:
Growing popularity: Shiba Inu has become one of the most popular tokens, attracting the attention of investors and traders alike.
Portfolio diversification: A Shiba Inu ETF (ShibETF) would give investors access to a variety of digital assets linked to Shiba Inu, offering diversification compared to holding the token directly.
Increased liquidity: The introduction of an ETF would increase the liquidity of the Shiba Inu market, facilitating transactions and narrowing the gap between supply and demand.
Increased accessibility: This increased accessibility could attract a new wave of investors, broadening the support base for Shiba Inu. In addition, the entry of traditional investors could stabilize the SHIB price by increasing liquidity. Indeed, a more liquid market tends to reduce volatility, making the asset more attractive to a wider range of investors.
All in all, the Shiba Inu ETF represents an exciting opportunity for investors and could shape the future of this promising cryptocurrency.
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Latest crypto news with three Altcoins to Watch This Week for a Potential Bull Run!
The cryptocurrency market is buzzing, and three altcoins stand out for their imminent growth potential.
SEI: This cryptocurrency recently surpassed $0.30, with optimistic forecasts pushing it toward $1. Technical indicators and market movements suggest a rapid rise.
Filecoin (FIL): After receiving a strong buy signal, FIL could exceed $4 this week. Analyses show a sustained upward trend.
Solana (SOL): Known for its impressive performance in 2021, Solana is showing similar recovery signs. Current models indicate a strong market comeback.
These three altcoins are worth closely monitoring as they could offer exciting investment opportunities in the coming days.
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A crypto fund that would offer institutional investors the opportunity to stake, maybe soon?
Franklin Templeton, the American asset manager, is considering creating a crypto fund. This fund would provide institutional investors the opportunity to invest in altcoins, that is, cryptocurrencies other than Bitcoin and Ether, and also benefit from staking.
Franklin Templeton is not well-known in France as an asset manager and offers one of the 11 Bitcoin spot ETFs currently available on the US markets.
According to The Information, the fund currently under consideration would also allow investors to benefit from the additional returns offered by staking cryptocurrencies. However, at the moment, this seems quite difficult to do in the United States, as the current legislation does not allow it.
It is important to note that this powerful asset manager is among the list of spot Ethereum ETF issuers that have received SEC approval to launch their product. However, the final documents required before bringing the product to market are still under review.
Franklin Templeton also offers investors exposure to one of its funds (Franklin OnChain U.S. Government Money Fund) via the blockchain. Currently, it remains the only one to do so in the United States.
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Restaking, what is it, is it profitable?
The concept of restaking is an emerging practice in the cryptocurrency world where investors immobilize their liquid ethers (obtained via liquid staking) on other protocols to generate additional returns. This helps to increase returns.
Explanation of staking and liquid staking
Staking involves immobilizing 32 ethers to help secure the Ethereum network and receive rewards. However, this requires a significant investment. Liquid staking gets around this problem by pooling the ethers of several investors to reach the 32-ether threshold. Investors then receive liquid ethers representing their share, which they can use for other decentralized finance activities.
How restaking works?
Restaking involves taking the liquid ethers obtained via liquid staking and immobilizing them again on a new protocol. This generates additional returns, but also increases risk. Indeed, each additional layer of stacked protocols increases complexity and the risk of failure. What’s more, misbehavior by validators can lead to penalties and impact the security of the Ethereum blockchain. Despite these risks, many investors are attracted by the potentially high returns of restaking.
The main restaking platforms
The major restaking platforms, such as Lido, Rocket Pool, Stakewise and Agen Layer.Although only recently launched, these platforms have already attracted billions of dollars in tied-up digital assets.
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Travala and Decentralized Finance (DeFi)
Travala is an innovative travel booking platform that integrates cryptocurrencies into the tourism industry. Founded in 2017, it offers a wide range of services, from hotel and flight bookings to tourist activities, available in over 230 countries worldwide.
If you want to use your cryptocurrencies to pay for your future trips, Travala is the ideal solution.
One of Travala’s key features is its support for a large variety of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), as well as its own native token, AVA. This payment flexibility makes Travala a unique bridge between the world of cryptocurrencies and traditional tourism.
Beyond its use of cryptocurrencies, Travala is fully aligned with the broader decentralized finance (DeFi) movement. This sector aims to decentralize financial services by eliminating intermediaries such as banks. Travala thus facilitates access to travel services by allowing users to manage their payments directly via digital wallets, without needing to go through centralized payment platforms.
The Role of AVA Token
AVA, Travala’s native token, plays a crucial role within the platform’s ecosystem. Users can enjoy discounts when paying with AVA and earn loyalty rewards in the form of tokens by regularly using the platform. Additionally, Travala leverages AVA to support staking and governance initiatives, two key concepts in DeFi. Staking allows users to lock their tokens to earn interest, while governance gives them a say in important decisions concerning the development of the Travala ecosystem.
Conclusion
Travala is a perfect example of how blockchain and decentralized finance can transform traditional industries such as tourism. By integrating cryptocurrencies and DeFi principles, Travala offers travelers greater financial freedom while opening up new investment opportunities.
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Blockchain Revolution: Justin Sun Introduces Fee-Free Transactions on Tron and EVM Chains
Justin Sun, the founder of Tron, is actively developing a new solution aimed at eliminating transaction fees for users of the Tron and Ethereum Virtual Machine (EVM) chains. This innovative project could transform how blockchain transactions are conducted, making interactions more accessible and economical for all users.
Background and Motivation
Transaction fees, also known as “gas fees” on Ethereum, represent a major obstacle for blockchain users, especially during periods of high demand. These fees can fluctuate significantly, making transactions expensive and unpredictable. Justin Sun’s proposed solution aims to address these challenges by providing a fee-free alternative.
Project Description
Tron Network and EVM
- Tron Network: A blockchain designed for fast and low-cost transactions, often used for decentralized applications (dApps) and digital content.
- EVM (Ethereum Virtual Machine): A software platform that allows developers to create decentralized applications on Ethereum and other EVM-compatible chains.
The Fee-Free Solution
Justin Sun’s project focuses on eliminating transaction fees through the use of several innovative mechanisms:
- Transaction Fee Subsidies: Tron may subsidize transaction fees for users, either directly or through incentives for validators and miners.
- Alternative Reward Models: Implementing new reward models for validators that do not rely on transaction fees.
- Scalability Optimization: Technical improvements to increase transaction processing capacity, thereby reducing associated costs.
Benefits and Implications
For Users
- Accessibility: Lower financial barriers for new users and small transactions.
- Predictability: Transactions without fluctuating costs, making dApps usage more reliable.
For the Blockchain Ecosystem
- Increased Adoption: A fee-free environment could attract more developers and users to the Tron and EVM chains.
- Innovation: Encouraging the development of new decentralized applications without financial constraints.
Challenges and Considerations
- Sustainability: Ensuring that the economic model behind fee-free transactions is sustainable in the long term.
- Security: Maintaining network security while offering free transactions.
- Economic Balance: Finding a balance between incentives for validators and the absence of fees for users.
Conclusion
Justin Sun’s project to develop a fee-free transaction solution on the Tron and EVM chains represents a significant advancement in the blockchain ecosystem. If successful, this initiative could revolutionize how transactions are conducted, making them more accessible and economical for everyone. Challenges remain, but the potential benefits for users and blockchain development are substantial.
Future Prospects
- Ongoing Development: Monitoring the progress and innovations brought by Justin Sun and his team.
- Case Studies: Analyzing initial feedback and case studies on the impact of fee-free transactions.
- Expansion: Potentially extending this solution to other chains and blockchain platforms in the future.
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Blockchain and Artificial Intelligence: The Revolutionary Fusion That’s Changing Everything!
Some companies are finding that the convergence between blockchain technology and artificial intelligence (AI) offers opportunities for the development and reliability of AI. Investment funds in the crypto industry are seeking returns and growth, driving them to explore the interconnection between blockchain and AI.
Companies are actively investing in this convergence. Sentient, for example, raised $85 million to develop an open-source AI solution to compete with OpenAI.
Pantera Capital, a cryptocurrency investment fund, observes that the convergence between blockchain and AI is a major trend. According to them, blockchain is becoming a fertile ground for the development and security of AI, and these two sectors are expected to become inseparable in the coming years.
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