The Banque de France (BDF) and the Hong Kong Monetary Authority (HKMA) have announced a collaboration on wholesale central bank digital currency (wCBDC). This partnership includes the HKMA’s involvement in Wave 2 of the European Central Bank’s Eurosystem exploratory work. The institutions signed a Memorandum of Understanding (MoU) to innovate in wCBDC and tokenization markets, …
Monthly archives: July 2024
Analyst Predicts Parabolic Rally for Ethereum After Correction, Updates Outlook on Solana and FLOKI
A closely followed crypto strategist believes that the current market correction is setting up Ethereum (ETH) for a parabolic surge at the end of the year. Pseudonymous analyst Inmortal tells his 214,800 followers on the social media platform X that Ethereum will likely consolidate between $4,000 and $2,800 in the coming months. The trader shares …
Expert Reveals 7 Top Solana Meme Coins To Watch Amid ETF Approval Hopes
Solana-based meme coins have emerged as notable contenders in the crypto market, outperforming the largest cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) in recent months. With coins like Bonk Inu (BONK) soaring nearly 7,000% year-to-date, the potential approval of Solana ETFs filed by asset managers VanEck and 21Shares in the United States, is seen …
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Notcoin Rises 80% Over The Weekend, Is A NOT Explosion Coming?
Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, …
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Will Bitcoin Bounce Back? Traders Place Their Bets on a Rocky Q4, Data Shows
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing …
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XRP Price: Crypto Analyst Identifies ‘Point Of Control’ That Could See A Repeat Of 2017
Crypto analyst Dark Defender has highlighted an important indicator that could cause the XRP price to repeat its legendary price move from 2017. The analyst joins several other analysts who have suggested that XRP could replicate its price gains from that bull run. How XRP Price Could Replicate 2017 Price Gains Dark Defender claimed in …
Analyst Predicts ChainLink (LINK) Rally To $13 Could Result In 45% Price Correction, Here’s Why
The decentralized oracle network ChainLink and its native token, LINK, have staged a price recovery amid the broader cryptocurrency market’s bounce from a recent significant correction. Despite experiencing a 16% price retracement over the past month, LINK has regained its stronghold, rising 5% to $13 in the past 24 hours after hitting a six-month low …
Bitcoin Analyst Thinks Prices Must First Breach $50,000 Before Rallying
Bitcoin flash crashed on July 4 and 5, extending losses from all-time highs to about 30%. Though there was a relief bounce over the weekend, forcing the world’s most valuable coin up by nearly 11%, BTC remains within a bearish formation. Bitcoin Correction Not Over: Will Bears Break $50,000? One analyst who took to X …
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Analyst tips Solana ETF deadline for mid-March after new filings
Bloomberg ETF analyst Eric Balchunas maintains the outcome will likely be decided based on whether Trump is elected President in November.
BlackRock tokenized treasury fund BUIDL reaches $500M
BlackRock has hit the milestone less than four months after the launch of BUIDL in April.
Ethereum ETFs Should Attract Roughly 33% the Inflows of Bitcoin ETFs: Galaxy Digital
Crypto firm Galaxy Digital is forecasting how Ethereum (ETH) exchange-traded funds (ETFs) will stack up to Bitcoin (BTC) ETFs. According to a new research post from Charles Yu, the firm’s vice president of research, Ethereum ETFs will see roughly one-third of the inflows of similar Bitcoin products. To reach their estimate, Yu says the firm …
Gold Could Surge to $40,000 per Ounce, Strategist Says
Egon von Greyerz, founder of Matterhorn Asset Management and Gold Switzerland, has shared his insights, indicating potential for substantial increases in gold prices based on historical trends and current economic conditions. He explained that gold could reach up to $16,000 per ounce if it returns to its historical average relative to U.S. treasuries, and even …
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PayPal’s PYUSD supply surges 90% after Solana expansion, market cap hits $500 million
PayPal’s PYUSD stablecoin supply has grown by 90% after it expanded to the Solana blockchain in May, with its market capitalization surpassing the $500 million mark as of July 8. According to DeFillama data, PYUSD’s total supply on Solana and Ethereum has reached approximately $520 million on July 8. Solana is driving PYUSD growth A …
Crypto could see $6 trillion from inheritances over 20 years: VanEck’s Matthew Sigel
VanEck’s Head of Digital Assets Research Matthew Sigel said more than $6 trillion could flow into crypto from inheritances over the next 20 years. On July 8, Sigel cited the 2024 Bank of America Private Bank Study, which said that Gen X, millennials, and future generations could inherit $84 trillion from seniors and Baby Boomers …
PRConnect taps MediaFuse for guaranteed coverage in blockchain, fintech sectors
PRConnect, a digital content marketing services provider, has partnered with MediaFuse, a vertical newswire service, to enhance its news and content distribution services. In a statement shared with CryptoSlate on July 8, the companies said the move would expand PRConnect’s global distribution footprint while simultaneously creating successful campaigns targeting multiple markets and regions. PRConnect will …
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