Altcoins need ‘substantial bull market’ to avoid VC funding drought: Analyst
A “substantial bull market” is needed to avoid VC funds drying up after too much money was allocated to funds “clearly underperforming benchmarks,” a crypto analyst says.
Related Posts
Atomic Wallet faces lawsuit over $100M crypto hack losses: Report
Plaintiffs in a new class action suit against the hacked crypto wallet Atomic Wallet say the firm didn't share any information about the hack with clients, and didn't report it to the police. 95 Total views 2 Total shares A group of disgruntled cryptocurrency investors have launched a class action against Atomic Wallet, which suffered…
Crypto mining will be a bridge to 100% renewable energy production, says Mike Colyer
"At some point Bitcoin mining will look like a utility, and it’s going to be a part of critical infrastructure for countries," said the Foundry Digital CEO. Mike Colyer, CEO of Foundry Digital, a crypto mining subsidiary of Digital Currency Group, says that mining Bitcoin could eventually help the world transition to green energy. Speaking at…
Solana memecoin Bonk flips Pepe following 370% monthly gain
The dog-themed token has surged to become the third-largest memecoin overall. A Solana-based dog-themed memecoin called Bonk (BONK) has now become the third-largest memecoin by market capitalization, surging past that of fellow memecoin Pepe (PEPE) on Dec. 8.Bonk’s recent price growth — 370% in the last month — has seen its market cap grow to
Bitcoin sits at range high as realized price sparks BTC ‘macro signal’
Bitcoin (BTC) inched closer to $22,000 on Aug. 25 as realized price provided the next major hurdle for bulls.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewRealized price inspires confidenceData from Cointelegraph Markets Pro and TradingView showed BTC/USD grinding higher overnight to come face to face with $21,700.That level, coinciding with realized price, had marked the key…
Bitcoin holds $40K over Easter but thin liquidity, ‘capitulation’ risk haunt traders
Bitcoin (BTC) chose compression over the Easter weekend, sparing nervous traders a fresh dive below $40,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewDerivatives traders take no risksData from Cointelegraph Markets Pro and TradingView showed BTC/USD acting in a narrowing range with $40,700 as its ceiling Saturday and Sunday.The pair saw little action as the holiday period began,…
Avalanche launches initiative for digital artists, NFT creator protests Sotheby’s gender bias, and more
In a March 30 blog post, The Avalanche Foundation announced the launch of Avaissance, an initiative designed to support digital artists and boost the growth of the Avalanche nonfungible token (NFT) ecosystem.Avaissance has two main components, an Artist in Resident program (AIR) for over 50 artists and the Mona Lisa Initiative (MLI) to curate digital…
Research: Binance and Huobi Received Over 52% of Total $2.8B Illicit BTC in 2019
Binance and Huobi have together received over 52% of total $2.8 billion illicit Bitcoin (BTC) transfers in 2019, according to a new report.Chainalysis’ findingsOver the course of 2019, criminal entities moved a total of $2.8 billion in Bitcoin to cryptocurrency exchanges, according to a Jan. 15 study from Chainalysis.According to the New York-based firm, Binance…
US Congress members demand answers from Google over ‘AI Overview’
The request recognized Google’s current efforts to combat misinformation, but said they weren’t enough.