Strong Rebound for Bitcoin: Investors in Bitcoin (BTC) have been on a roller coaster ride as the cryptocurrency surprisingly recovered from a massive rate drop, reclaiming the $67,000 level. Crypto bulls have shown tenacity in the face of unbridled volatility, taking fee again after a 15% unexpected drop sent shockwaves across the market. Traders Reassess Amidst Derivatives Market Recovery In light of the most recent price decline, data from TradingView and Cointelegraph Markets Pro reveals that the Bitcoin/USD pair has managed to recoup more than half of the losses sustained on March 5. A staggering $1.17 billion in go-crypto liquidations,…
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Decentralized finance: “Flexible finance” (DeFi) refers to the financial services made possible by blockchain technology that do not include any middlemen from central banks. Bitcoin, the first digital currency to enable users to transfer funds amongst each other autonomously from a central bank, was not known as “DeFi” when it became available in 2009. Bitcoin was one of the first cryptocurrencies to use digital currency for trade and investment. The innovative concept of Bitcoin did not belong to Wall Street financiers and central banks because of the network’s trustlessness. The smart contract feature was introduced during the establishment of Ethereum.…
Extreme Price Volatility? Given the world’s rapid digitization, money should follow suit, with cryptocurrencies being the outcome. However, despite its lengthy history, the same has failed to attract widespread support; thus far, the only individuals dabbling with it have been a small group of “crypto bros” and a few risk-tolerant individuals. In the general public’s opinion, Bitcoin’s value is highly unpredictable and currently hovers around zero. Let us walk you through Bitcoin’s history of volatility today. The Nature of Supply and Demand To start, the fundamental reason Bitcoin’s price is so unpredictable is the supply and demand for the cryptocurrency.…
The second round of investment that a startup obtains from institutional investors or venture capitalists is known as Series B funding. This stage usually follows after a company has proven itself capable of rapid expansion and closed its Series A fundraising round. Companies use series B capital to scale their operations, increase their market reach, and further develop their product or service. Investors get a piece of the company in return for their money. Understanding Series B Funding Series B funding is a stage in the financing cycle of a startup where the company seeks to raise capital to scale…
Digital Finance: Slovenia became the first EU member state to issue a sovereign digital bond. The Slovenian government announced issuing a 30-million-euro note, equivalent to approximately $32.5 million, with a coupon of 3.65%. The bond, which is scheduled to mature on November 25, 2024, was settled on-chain using the tokenized currency system of the Bank of France. Digital Bonds See Increased Adoption Digital bonds use blockchain technology not used by traditional bonds to improve security, efficiency, and transparency during issuance and trading. These bonds symbolize a move toward financial market modernization through distributed ledger technology (DLT). Several nations have issued…
US to Hold BTC. The world’s oldest and most valuable cryptocurrency, Bitcoin (BTC), has made a full recovery and is now trading bullishly over the $67,920 barrier. A rise of 3.39 percent in just one day brought the total value of the cryptocurrency market to $2.39 trillion. Among the many causes of this upswing, Robert F. Kennedy Jr.’s call for the United States to treat Bitcoin as a precious metal has boosted investor confidence and demand. Kennedy’s Bitcoin Vision and VanEck’s $325,000 Prediction Boost BTC’s Future Outlook Robert F. Kennedy Jr. has been more vocal in his support for Bitcoin…
Michael Saylor Prediction. The leading cryptocurrency in the world, Bitcoin (BTC), has kept its upward pace and is now trading at roughly USD 68,469. Bitcoin promptly recovered from yesterday’s intraday low of $63,600, soaring beyond $68,000. Michael Saylor’s bullish forecast that Bitcoin may hit $13 million by 2045 is one of numerous reasons driving this upward trend. Bitcoin’s recent gain beyond $68,000 is likely due partly to the increased interest from investors and the enhanced bullish feeling caused by Saylor’s projection. Michael Saylor’s Bitcoin Prediction Drives Investor Confidence The future of Bitcoin is bright, according to Michael Saylor, executive chairman…
Self-custody Bitcoin Wallet. The Proton Wallet, developed by email privacy and security company Proton, is a Bitcoin-only wallet where users can keep digital assets in self-custody. It was announced by the email corporation based in Switzerland that with the launch of Proton Wallet, Proton is facilitating the adoption of Bitcoin as a decentralized payment system and making it easier for newcomers to start using it. To ensure the safety of email communications, the business has integrated end-to-end encryption into Proton Mail. Features like Bitcoin via Email and security offered by Proton Sentinel make the Bitcoin self-custody wallet user-friendly for newbies.…
Kamala Harris and Trump. The price of Bitcoin (BTC/USD) has increased 0.72 percent to $66,500 as both Kamala Harris and Donald Trump get ready to run for president in 2024. Using her experience as a prosecutor to contrast with Trump’s criminal record, U.S. Vice President Kamala Harris began her bid for the presidency by harshly criticizing Trump. Harris told a crowd of 3,000 in Wisconsin, “I know Donald Trump’s type,” drawing parallels between Trump and the scam artists she had previously convicted. With President Joe Biden’s endorsement, her campaign received $100 million in just 36 hours. Harris Emphasizes Legal and…
Income with Cryptocurrency Airdrops. The term “airdrop” refers to a marketing tactic used by cryptocurrency projects to distribute free coins or tokens to specific wallet addresses of engaged users. Through airdrops, users can add more cryptocurrency to their portfolios at no additional cost and even make money just by holding onto these tokens in the hopes that their value will rise over time. Airdrop launches accomplish multiple goals. Their primary function is to increase interest in a certain project or coin. Businesses may increase their visibility and user bases rapidly by offering free tokens. More people trading the new tokens…