ETH Ecosystem Continues to Face Challenges as Spot ETF Approval Unlikely, Claims Top Analyst, Recommends ERC-20 Coin for 10X Gains
Blockonomi
by Oliver Dale
8h ago
As a cornerstone of the cryptocurrency market, the Ethereum(ETH) ecosystem faces a corporate dilemma regarding speculations around an unlikely ETF spot approval. According to the claims of a top analyst, there are serious doubts on the reality of this approval, triggering mass hesitation among investors and a search for a reasonable alternative. This analyst recommends a likely alternative capable of generating a 10X ROI — ALGT, an ERC-20 token. This article covers details on Algotech (ALGT) and the role it plays in the ever-changing cryptocurrency market. Algotech (ALGT): An AI powered innova ..read more
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DTX Set for a 500% rise outshining XRP and Polygon price predictions!
Blockonomi
by Oliver Dale
9h ago
While established players like XRP and Polygon hold their ground, a new contender, DTX, is generating buzz with predictions of a staggering 500% price increase. DTX still in stage one of its presale makes the project more attractive as potential investors get to jump on the wagon and secure tokens at an attractive price. But can this newcomer truly outshine established players like XRP and Polygon, whose price predictions also suggest significant growth? We’ll dive deeper into the latest trend of events and more on this project. XRP Struggles to Regain Footing Despite Bullish Long-Term Predict ..read more
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Justin Sun’s US Visits Come Back to Haunt Him in SEC Lawsuit
Blockonomi
by Oliver Dale
9h ago
The United States Securities and Exchange Commission (SEC) has filed an amended complaint in its ongoing lawsuit against Tron founder Justin Sun, asserting that it has “personal jurisdiction” over him and his associated companies due to their extensive activities directed toward the US. The move comes after Sun sought to dismiss the suit last month, arguing that the regulator had no jurisdiction over him or the Singapore-based Tron Foundation. TLDR The SEC has amended its lawsuit against Justin Sun, claiming it has “personal jurisdiction” over him and his companies due to their actions direct ..read more
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Bitgert Coin’s Meteoric Rise After Bitcoin Halving: What’s Driving It?
Blockonomi
by BTCWire
9h ago
The halving has kicked in, and the immediate impact will be on Bitcoin’s supply. Bitcoin halving has permanently reduced the issuance of Bitcoin to 3.125 from 6.25. Stefan Kimmel, CE of M2 crypto exchange, states, “Looking at the broader landscape, while halving garners attention, we are cognizant that it’s just a part of a larger narrative. The confluence of ETFs, quantitative easing, and halving will define the future contours of the market.” It’s time to look at the altcoin market for bombastic gains and price rallies. The altcoin market works in tandem with Bitcoin price movements. Some al ..read more
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Akira’s Reign of Terror: Ransomware Gang Targets 250+ Organizations, Earns $42 Million
Blockonomi
by Oliver Dale
9h ago
The Akira ransomware gang has emerged as a significant threat to businesses and critical infrastructure entities across North America, Europe, and Australia, according to a recent joint cybersecurity advisory issued by the United States Federal Bureau of Investigation (FBI), Cybersecurity and Infrastructure Security Agency (CISA), Europol’s European Cybercrime Centre (EC3), and the Netherlands’ National Cyber Security Centre (NCSC-NL). TLDR The Akira ransomware gang has attacked over 250 organizations since March 2023, earning approximately $42 million in ransoms. Akira initially targeted Win ..read more
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Telos and Ponos Technology Collaborate on Hardware-Accelerated Ethereum L2 zkEVM
Blockonomi
by Oliver Dale
9h ago
The Telos Foundation has announced a strategic partnership with Ponos Technology, a leading Zero Knowledge Proof (ZKP) research and development firm, to develop an end-to-end optimized, hardware-accelerated Ethereum Layer 2 network . The new L2 will feature SNARKtor, a decentralized recursive proof aggregator developed by Telos and IOHK to scale SNARKs verifications in blockchains. TLDR Telos has partnered with Ponos Technology to develop a hardware-accelerated Ethereum Layer 2 zkEVM network featuring SNARKtor. SNARKtor is a decentralized recursive proof aggregator developed by Telos and IOHK ..read more
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The BEFE Coin Revolution: A Perspective on Future Price Trends
Blockonomi
by BTCWire
9h ago
As the skirmish between bulls and bears drags on, the pressure to find the most profitable projects in the market has heightened. Investors have increasingly been on the lookout for crypto projects with massive returns on investment (ROI). BEFE might be a new project, but its potential impact on the market and profitability have made it not far-fetched in the search for the best projects. In today’s article, we will share our perspective on BEFE’s recent price performance in the current bearish market and how its recent arrival in the market could impact the meme coin sector. BEFE: An Impressi ..read more
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Valour Launches First Short Spot Bitcoin ETP in the Nordics
Blockonomi
by Oliver Dale
9h ago
DeFi Technologies Inc., a financial technology company pioneering the convergence of traditional capital markets with the world of decentralized finance (DeFi), has announced that its subsidiary Valour Inc. has launched the first Short Spot Bitcoin ETP in the Nordic region. The financial product, known as Valour Short Bitcoin (SBTC) SEK (ISIN: CH1149139649), provides investors with a novel way to profit from or hedge against Bitcoin’s price movements. TLDR DeFi Technologies’ subsidiary Valour Inc. has launched the first Short Spot Bitcoin ETP in the Nordics, called Valour Short Bitcoin (SBTC ..read more
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Bitcoin Price back to $65,000 as Iran Signals No Immediate Retaliation Plans
Blockonomi
by Oliver Dale
9h ago
The cryptocurrency market has been on a rollercoaster ride in recent days, with Bitcoin’s price experiencing significant volatility due to a combination of geopolitical tensions and the highly anticipated halving event. Despite the uncertainty, some prominent figures in the crypto space remain bullish on Bitcoin’s long-term prospects, predicting substantial price increases in the coming months. TLDR The Bitcoin price has recovered toward $65,000 following reports that Iran has no immediate plans for retaliation, after initially falling below $60,000 due to geopolitical tensions between Iran a ..read more
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Stablecoin Regulation Takes Center Stage: US Senators Introduce Comprehensive Bill
Blockonomi
by Nicholas Say
9h ago
Two United States Senators – Kirsten Gillibrand and Cynthia Lummis – have issued a new bill that focuses on stablecoin oversight, according to a report from The Block. The proposal comes after Gillibrand said at the Bitcoin Policy Summit last week that a new stablecoin legislation would come soon. The bill comes as global authorities actively work on regulating stablecoins and ensuring their safety, legality, and practicality in the financial system. The “Lummis-Gillibrand Payment Stablecoin Act” seeks to establish a clear and comprehensive legal system for stablecoin and strike a balance betw ..read more
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