Solana (SOL) could be on the verge of a macro uptrend, according to one popular crypto analyst. The pseudonymous trader known as Rekt Capital tells his 483,100 followers on the social media platform X that the Ethereum (ETH) competitor has performed a “green circled weekly candle close.” “Successful retest of the red area as new …
Monthly archives: July 2024
‘Long Way to Go’ in Secular Bitcoin and Crypto Bull Market, According to Analyst Jamie Coutts – Here’s Why
A closely followed crypto analyst believes that Bitcoin (BTC) and other digital assets are still in just the early stages of a secular bull market. Jamie Coutts, the chief crypto analyst at Real Vision, predicts that adoption will continue to increase for Bitcoin over decades, similar to the lifecycle of the NASDAQ. He notes similarities …
U.S. House of Representatives Passes Financial Services Legislation Aiming To Combat Illicit Finance
The U.S. House of Representatives recently passed bipartisan legislation that would prop up a working group designed to probe the use of digital assets in illicit finance. The Financial Technology Protection Act would pull together officials from the private sector and a wide range of government departments to develop reports on how fintech can be …
Privacy-Centric Email Service Protonmail Releases New Native Bitcoin Wallet
Prominent privacy-focused email platform Protonmail is releasing its very own native Bitcoin (BTC) wallet. In a new thread on the social media platform X, the encrypted email provider announces the launch of its new crypto wallet allowing users to send BTC via email. “Today we’re launching Proton Wallet, an open-source, end-to-end (ETE)-encrypted, and self-custodial Bitcoin …
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Coinbase Named As Trusted Partner and Custodian of Eight Ethereum ETFs, Says CEO Brian Armstrong
Coinbase is serving as a custodian for eight of the nine newly approved Ethereum (ETH) exchange-traded funds (ETFs), according to Brian Armstrong, the exchange’s chief executive. Nine Ethereum ETFs kicked off trading in the US on Tuesday, including products from BlackRock, Fidelity, 21Shares, Invesco, Franklin Templeton, VanEck, and Bitwise, as well as two different funds …
Mitigating Liquidation Risk With Decentralized Finance (DeFi) Loans
Today, billions of dollars are being borrowed from DeFi protocols on Ethereum alone. Using their crypto assets as collateral, borrowers are able to access funds for a variety of things such as large purchases, real estate, paying bills, other investments, and much more. However, given the volatility of crypto, using it as collateral for a …
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Kamala Harris will not be speaking at Bitcoin Conference 2024
Despite rumors circulating that the Democratic frontrunner for the US Presidential Election 2024, Kamala Harris, will be speaking at the Bitcoin Conference in Nashville this week, David Bailey has confirmed that she will not attend. David Bailey, CEO of BTC Inc. and organizer of The Bitcoin Conference, confirmed this decision comes amid ongoing discussions about …
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Proton debuts privacy-centric Bitcoin wallet allowing transfers via email
Proton, a privacy app developer, has introduced a new open-source Bitcoin-only wallet that allows sending Bitcoin via email. This private wallet offers users full control over their digital assets, according to a July 24 statement shared with CryptoSlate, The Swiss company is well-known for its privacy-focused applications, such as email, VPN, password manager, calendar, cloud …
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Minima and Mercury FX join forces to challenge SWIFT with blockchain tech
Minima, a layer-1 blockchain focused on decentralized physical infrastructure network (DePIN) solutions, is collaborating with Mercury FX, a global currency payment solution, to develop an alternative to SWIFT, the world’s largest payments messaging network. According to a July 24 statement shared with CryptoSlate, this proof of concept will leverage Maxima—Minima’s information transport layer protocol—which allows …
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Trump quashes rumors of considering Dimon or Fink for Treasury Secretary
Former US President Donald Trump has dismissed reports suggesting he is considering JPMorgan Chase’s CEO Jamie Dimon or BlackRock’s Larry Fink for the Treasury Secretary position. On July 23, Trump posted on his Truth Social account, stating he didn’t know who suggested that Fink or Dimon was under consideration for a role in his administration. …
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Bitcoin steady on US wholesale inventory growth miss, supporting falling inflation
US wholesale inventory growth data for June came in at 0.2%, lower than the previous 0.6% and the estimated 0.5%, suggesting cautious inventory management amid uncertain demand. If this reflects weakening consumer spending, it could potentially ease inflationary pressures. Retail inventories, excluding auto, grew 0.2%, supporting a trend of reduced consumer spending, particularly on non-essential …
Ferrari drives into Europe with crypto payments, as industry embraces digital assets
Ferrari will extend its digital assets payment scheme for luxury sports cars to its European dealer network at the end of this month, according to Reuters. This follows its initial launch in the United States last year, with the company planning to further expand the scheme to other dealers within its international network by the …
Musk evaluates possible Tesla $5 billion xAI funding amid its steady Bitcoin reserves
Elon Musk appears to be considering whether his Electric Vehicle (EV) manufacturing company, Tesla, should invest $5 billion in his artificial intelligence (AI) startup, xAI. On July 24, Musk polled his followers about the potential investment, with early results showing support for the move. However, Musk clarified that the poll was only exploratory and any …
Bitcoin Miner Iris Energy Expands Power Capacity at Texas Data Center
Iris Energy Limited has announced an increase in its power capacity at the Childress site in Texas from 600 megawatts (MW) to 750 MW. This expansion follows approval from the Electric Reliability Council of Texas (ERCOT) and an amended connection agreement with American Electric Power (AEP). Iris Energy Expands Texas Operations On Wednesday, Iris Energy …
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US Bitcoin ETFs See $78M Outflow, Breaking 12-Day Inflow Streak
U.S. spot bitcoin exchange-traded funds (ETFs) experienced a downturn on Tuesday, with $77.97 million exiting, breaking a streak of 12 consecutive days of inflows. In contrast, the newly launched spot ether ETF counterparts performed better. 3 Bitcoin ETFs Record Outflows as Blackrock’s IBIT Gains $71M Following 12 consecutive days of inflows and a record influx …
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