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Crypto Analyst Lists The Cardano Developments That Will Drive ADA Price To $3 In 2024

Crypto analyst Sebastian has outlined why he believes Cardano (ADA) could rise to as high as $3 this year.

The developments the analyst highlighted undoubtedly paint a bullish picture for the crypto token.

However, it remains to be seen how Cardano will react, given that it is currently one of the worst-performing crypto assets this year.

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#cardano #nostr #bitcoin

56% of Fortune 500 Firms Pursue Crypto and Blockchain Projects, Says Coinbase

A Coinbase report reveals that cryptocurrency and blockchain initiatives among Fortune 100 companies rose by 39% year-over-year, reaching a record high in Q1 2024. In addition, 56% of Fortune 500 companies are working on onchain projects. The report emphasizes the need for clear crypto regulations to retain talent and enhance U.S. leadership in crypto technology.

BIS Survey: 94% of Central Banks Exploring Digital Currency

The latest Bank for International Settlements (BIS) survey reveals that 94% of central banks are exploring central bank digital currencies (CBDCs). There has been a notable increase in wholesale CBDC experiments, especially in advanced economies. Central banks are examining various factors for retail CBDCs, including holding limits and offline functionality.

Australian securities exchange approves its first spot Bitcoin ETF

Australia’s largest stock exchange — the Australian Securities Exchange (ASX) — has approved its first spot Bitcoin exchange-traded fund (ETF), set to commence trading on June 20.

#nostr #bitcoin #ETF

Analysts Predict BTC Hitting $200,000 Next Year and $1 Million by 2033 — 'We Believe Bitcoin Is in a New Bull Cycle'

Global asset management firm Alliance Bernstein’s analysts predict that the price of bitcoin could soar to $200,000 by 2025, $500,000 by 2029, and an astounding $1 million by 2033. “We believe bitcoin is in a new bull cycle,” they said.

BREAKING: Nigerian Court discharges Tigran Gambaryan, Nadeem from FIRS tax evasion case against Binance

The Federal High Court in Nigeria discharged Tigran Gambaryan and Nadeem Anjarwalla from the FIRS tax evasion case against Binance, following the appointment of a Nigerian representative for Binance.

The case against Binance involves allegations of failing to collect and remit taxes, including VAT and CIT, from its operations in Nigeria.

Bitcoin ETFs See $226M Outflows Led by Fidelity’s FBTC

BlackRock’s IBIT was the only ETF posting a net inflow on Thursday, while most of the funds recorded outflows.

U.S.-listed bitcoin ETFs experienced outflows totaling over $226 million on Thursday, marking the third day of outflows this week.

Fidelity’s FBTC recorded the highest outflow, with $106 million withdrawn, preliminary data from SoSoValue shows. Grayscale’s GBTC recorded $62 million in outflows, and Ark Invest’s ARKB saw $53 million taken out.

Notcoin Posts 10% Gain as TON Daily Active Wallets Match Ethereum Again

Telegram-based clicker game Notcoin (NOT) is the top gainer out of the top 100 crypto tokens, after leaping 10% in the past 24 hours. This comes amid The Open Network (TON), the blockchain that Notcoin uses, matching Ethereum for daily active wallets.

Notcoin has racked up a player base of 35 million users, hitting a peak of five million daily active users back in March. But it wasn’t enough for TON to flip Ethereum’s daily active wallets. It wasn’t until May 17 when TON flipped Ethereum for the first time.

Bitcoin Traders See Short-Term Bearish Target at $60K as Miners Pare Holdings

Persistent testing of the lows sets the bears up for quick success with their next target at $60,000, one trader said.

Can Bitcoin whales protect BTC price from new $48K downside target?

Bitcoin is not filling traders with hope as a stubborn BTC price range endures despite mass whale purchasing.

#bitcoin #nostr

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XRP Price Danger Zone: Key Support Levels to Watch

XRP price failed to stay above the $0.4840 support zone. The price declined and tested the $0.4750 support zone, and is now at risk of more losses.

#nostr #XRP

Ether notches 2nd biggest hodler buying day in history

Demand for Ether from long-term holders rocketed on June 12 as the price fell below $3,500, just before the SEC’s Gary Gensler gave a forecast for spot Ether ETF approval.

Moreno highlighted that 298,000 Ether tokens were acquired by accumulation addresses over a 24-hour period on June 12 — equivalent to roughly $1.34 billion at the time of publication.

Crypto market loses $400 million to liquidations as US policy meeting sparks sell-offs

The crypto industry lost $400 million to liquidation in two days following an important policy meeting, the Federal Open Market Committee (FOMC) held yesterday, which sparked frantic sell-offs.

The Federal Open Market Committee is an offshoot of the Federal Reserve and they decided in the meeting to keep interest rates steady.

The meeting outcome had a solidifying effect on the crypto industry triggering liquidations and affecting prices of major crypto assets. The price of bitcoin dropped from $70,000 to $66,000 and other altcoins also witnessed a sharp drop in price as a result of the meeting.

#nostr #bitcoin

Clown World:’ Crypto Community Lambasts Biden Over Coinbase Campaign Donation Plan

President Joe Biden’s reelection campaign is reportedly considering accepting crypto donations via Coinbase.

On June 12, The Block reported that Biden’s team was attempting to engage crypto-focused voters in response to rival candidate Donald Trump’s endorsing of the industry and acceptance of crypto donations.

So, the Biden administration and the SEC spend years trying to crush crypto and even sue Coinbase…But now, they’re scrambling to set up crypto donations through Coinbase?” said Crypto Capital Venture founder Dan Gambardello, who added:

“Wow, they really do think Americans are stupid.”

#nostr #bitcoin #cryptocurrency #SEC

Asset manager firm says Crypto and AI could add $20 trillion to global GDP by 2030

Bitwise Asset Management, a leading asset management firm and a heavy investor in Bitcoin Exchange Traded Funds (ETF) has predicted that the cryptocurrency industry and the Artificial intelligence industry could add a whopping $20 trillion to global Gross Domestic Products (GDP) by 2030.

The Asset Management firm stated this in its latest report on the two industries citing the massive potential that lies within the two sectors and how big they are going to become in the coming years.

#bitcoin #GDP #ETF

Bitcoin whales scoop up $1.4B in 24 hours amid market correction

The huge and sudden uptick in Bitcoin whale accumulation came as Bitcoin supply on exchanges fell to its lowest level since December 2021. #bitcoin #nostr

Cryptocurrency Losses Exceed $8.8 Million Due To Security Breaches And Scams

According to Odaily, the weekly security report released by SlowMist reveals that total losses in the cryptocurrency sector exceeded $8.8 million for the week of June 3 to June 9, 2024.

The report details several significant incidents that contributed to this substantial loss. Loopring, a smart wallet, suffered a loss of $5 million due to a security vulnerability. Gemholic, another cryptocurrency project, lost $3.4 million in a rugpull scam, disappearing after transferring funds.

Furthermore, the TLN protocol on the BNB Chain experienced a loss of $280,000 due to a contract vulnerability. Similarly, SteamSwap (STM) on the BNB Chain lost $105,000, and NCD lost $20,000, both due to contract vulnerabilities.

These incidents highlight the ongoing security challenges in the cryptocurrency sector, emphasizing the need for robust security measures and vigilance among investors.