Digital assets manager CoinShares says that institutional crypto products raked in major inflows last week despite price weakness. In its latest Digital Asset Fund Flows report, CoinShares says digital asset investment products enjoyed $441 million in inflows last week. “Digital asset investment products saw inflows totaling US$441m, with recent price weakness prompted by Mt Gox …
Monthly archives: July 2024
Investment Giant VanEck Expects US Election Catalyzes Fresh All-Time Highs for Bitcoin (BTC) – Here’s Why
Asset management titan VanEck believes the upcoming US election will spark new highs for Bitcoin (BTC), according to the firm’s head of digital asset research. In a letter to investors shared by Matthew Sigel on the social media platform X, VanEck says the recent downturn in Bitcoin and other digital assets reflects “spiteful government selling” …
Crypto Game Hamster Kombat Records 239,000,000 Signups in Just Three Months, Says Telegram CEO Pavel Durov
A new crypto game on the instant messaging platform Telegram has been seeing phenomenal growth since its launch in March this year. According to Telegram CEO Pavel Durov, Hamster Kombat has attracted 239 million sign-ups over the past three months, making it the latest phenomenon on the internet. Hamster Kombat is a game where users …
Bitfarms appoints new CEO as Riot intensifies takeover bid
Bitcoin miner Riot Platforms’ effort to take over rival Bitfarms has taken a new turn with recent developments in both companies. Dedicated website On July 8, Riot launched a dedicated website, “ABetterBitfarms,” to educate Bitfarms shareholders on why the rival firm’s board should be reconstituted. CryptoSlate’s visit to the new website was greeted by a …
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Germany’s aggressive Bitcoin selling spree sparks heavy market turbulence
Quick Take In the past 12 hours, Bitcoin’s price has experienced significant volatility, fluctuating between $54,400 and $58,200. This turbulence coincides with the German government’s ongoing sales of Bitcoin, a trend that has persisted for several weeks. As of July 8, the German government held approximately 23,788 Bitcoin, valued at $1.32 billion — less than …
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ChainGPT Labs: The Ultimate Game Changer for Web3 Startups
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › ChainGPT Labs is making waves in the Web3 world with its comprehensive support for emerging projects. As the venture capital and incubation arm of ChainGPT, ChainGPT Labs is setting new standards for how Web3 startups can …
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Messari CEO declares independence, wages regulatory war on ‘illegitimate’ SEC
Messari, a leading US-based crypto market intelligence platform, has declared independence from the Securities and Exchange Commission (SEC), citing the regulator’s stringent approach to the emerging industry. On July 7, Ryan Selkis, Messari CEO, stated: “I’ve declared independence from the SEC and its corrupt Chair Gary Gensler. In the months ahead, Messari will be operationalizing …
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Understanding the pros and cons of smart contract upgradeability in DeFi
Smart contract proxy upgradeability allows developers to update the logic of deployed smart contracts while preserving the contract’s state and address. This provides flexibility to fix bugs or add features but also introduces potential risks. Smart contracts, self-executing agreements on blockchain networks, traditionally operate as immutable code once deployed. This immutability is a cornerstone of …
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Grayscale’s Ethereum Trust Returns to Discount as Spot Ether ETF Listings Loom
Based on recent data, Grayscale’s Ethereum Trust (ETHE) has returned to trading at a discount to its net asset value (NAV) after experiencing a premium briefly on July 3. Grayscale Ethereum Trust: From Premium to Discount in 2 Days The Grayscale fund known as the Ethereum Trust (ETHE) has returned to trading at a discount …
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Federal Reserve’s Operating Losses Hit $176 Billion, Analysis Reveals
According to an investigative report by Pam Martens and Russ Martens the owners and operators of wallstreetonparade.com, the U.S. Federal Reserve has been consistently incurring operating losses since Sept. 28, 2022, totaling $176 billion by June 19, 2024. These losses stem from the Fed paying out higher interest rates on reserve balances—5.4%—primarily benefiting megabanks such …
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VC Founders Summit Takes Over Singapore: Shaping the Future of Innovation
PRESS RELEASE. [Singapore, 2024] – Venture capitalists and industry leaders are gearing up for the much-anticipated VC Founders Summit on September 21st, promising to elevate discussions, foster collaboration, and chart the future course of innovation and investment. Building on the momentum of past gatherings, the summit aims to bring founders of unique projects and investors …
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$50K to $100K — 9 AI Chatbots Predict Bitcoin Prices for Year-End 2024
At the end of April, Bitcoin.com News queried seven artificial intelligence (AI)-based chatbots about their year-end bitcoin (BTC) price predictions. A significant number of these generative AI chatbots offered optimistic forecasts, suggesting bitcoin could reach $80,000 or even surpass $100,000, according to Openai’s Chatgpt 3.5. We repeated the test with a slight adjustment to the …
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Bukele Calls for Speculators to Stop Gouging Prices in El Salvador, Issues Ultimatum
Nayib Bukele, president of El Salvador, has issued an ultimatum for importers and food wholesalers to lower the prices of groceries and other articles, threatening to apply the same tactics he used against gangs with them. Bukele, who pushed the law that made bitcoin legal tender in the country, stated: “I’m going to issue a …
ETF Expert Anticipates Spot Ethereum ETF Debut Within 2 Weeks
This week, Nate Geraci, a leading figure in the investment advisory and exchange-traded fund (ETF) industry, expressed his expectation that spot ethereum ETFs will be trading within the next two weeks. Geraci shared with his 44,000 X followers that he anticipates the week of July 15 as the probable listing time. Nate Geraci Projects July …
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MoonBag Price Prediction and 3 Other Crypto Presales to Watch
The crypto market is constantly churning out new projects that promise enormous returns. Among the latest to catch investors’ attention is MoonBag – an Ethereum-based meme coin featured in several top media outlets. In this article, we’ll dive into MoonBag’s price potential and highlight three other presales worth keeping on your radar. MoonBag Goes Viral …
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