Author: News Room
In a cautionary statement on X, Raj Gokal, the Co-Founder and COO of Solana Labs, has issued a stern warning to investors. He advises against sending funds to random Solana addresses for presales. Furthermore, this advisory comes in the wake of a significant loss of $906,000 in funds due to a rugged meme coin presale on the Solana blockchain. Read the full article here
Binance, the world’s most extensive cryptocurrency exchange platform, has unveiled a novel futures copy-trading service called “Discover,” as per the information shared with Finbold on April 5. The innovative, mobile-centric addition employs a straightforward swipe-right-to-like and swipe-left-to-skip mechanism, simplifying the process for copy traders to browse a wide variety of lead trader portfolios. The Discover user experience The new service is rather intuitive: a swipe right adds a portfolio to your favorites, while a swipe left lets you move on to the next option. Moreover, seamless integration allows users to effortlessly toggle between virtual “Mock” fund testing and direct trading.…
Cryptocurrency exchange Coinbase faces more legal blows as a United States court reverses a previous ruling on a consumer’s securities lawsuit. Court documents show the 2nd US Circuit Court of Appeals has overturned the District Court ruling that struck out the case of the plaintiffs. Read the full article here
Goldman Sachs Chief Economist Jan Hatzius has revealed he remains confident in the Federal Reserve’s plan to implement three interest rate cuts this year, despite recent comments from other Fed officials suggesting a wait-and-see approach. In a Friday interview with CNBC, Hatzius expressed his optimism on the U.S. economy, forecasting growth to reach close to 3% in 2024. He believes this robust growth can occur alongside a slowdown in inflation, projecting the core personal consumption expenditures price index to fall to 2.4% by year’s end and 2% in 2025. Notably, Minneapolis Fed President Neel Kashkari recently raised the possibility of…
Blackrock, the world’s largest asset manager, now has nine authorized participants for its spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT). They include JPMorgan Securities, ABN Amro, UBS Securities, Goldman Sachs, Citigroup, and Citadel Securities. 9 Authorized Participants for IBIT Blackrock, the world’s largest asset manager, filed an update to its Ishares Bitcoin […] Read the full article here
Bitcoin’s price is currently consolidating below the $70K level, failing to continue its rally and make a higher all-time high. Yet, investors remain optimistic as no worrying signs are surfacing yet. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been hovering around the $70K mark and is yet to show a prolonged movement to either side. The $68K resistance level is currently being tested, but the price has not been able to break it to the upside. In case a bullish breakout finally occurs, the market seems likely to set a new all-time high…
Bitcoin’s price action remained choppy this week. Its recovery to $69,000 remained brief after a massive plunge below $65,000. Nonetheless, the resurgence has sparked significant discussion within the community. The drop is largely attributed to the US government’s move to sell its BTC stash from the Silk Road seizure, with plans for four more similar sell-offs in 2024 causing significant concern among traders. However, historical data suggest that markets typically move in the opposite direction of the crowd’s expectation. Bitcoin Traders on Edge According to Santiment, many attribute the recent drop to the revelation by US government authorities of their…
In exciting news for the cryptocurrency community, fintech giant Ripple will issue its USD-backed stablecoin, which is intended to expand utility and liquidity to XRP Ledger. This move is historic for the XRP Ledger community, driving more use cases, liquidity and opportunities for developers and users. In this light, Ripple CEO Brad Garlinghouse took to X to express his excitement about the landmark move. “Launching a stablecoin is a natural step for Ripple as we bridge the gap between traditional finance and crypto,” Garlinghouse wrote, lauding Ripple’s track record and resiliency, which speak for themselves. Launching a stablecoin is a…
According to Bloomberg, FTX sold approximately $1.6 billion worth of locked Solana (SOL) to firms including Galaxy Trading and Pantera Capital at $64 per token. FTX’s Bankruptcy Estate Has Sold Locked Solana Tokens Worth About $1.6b At $64 Per Token To Firms Including Galaxy Trading And Pantera Capital: BBG https://t.co/tIU3GaAXJD — Tree News (@News_Of_Alpha) April 5, 2024 *This is not investment advice. Read the full article here
Sometimes I have to read a text twice before grasping its full implications. This happened to me with a recent blog post by the legal team of Andreessen Horowitz (a16z), one of the largest venture capital firms active in crypto. The text introduces the Wyoming DUNA, a newly created legal entity type designed to cater to the needs of decentralized autonomous organizations (DAOs). At first sight, everything seems perfectly reasonable with DUNAs, short for a “decentralized unincorporated nonprofit association.” But read again more carefully, as someone who is truly passionate about the principles of decentralization left me with an uncomfortable…