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US presidential candidate Kamala Harris was heavily criticized for proudly tweeting a list of campaign promises aimed squarely at black male voters. As one of her five pledges, she vowed to “protect their crypto investments by letting black men know their money is safe.” The problem quickly became apparent and her post went viral for all the wrong reasons. Almost without exception, the comments were negative. “Pandering to black American men is disgusting and degrading,” one observer wrote. “Vote buying should be a crime,” another posted. Many people pointed it out.this is blatant racism” Thousands of people also liked comments…
Eurozone industrial production recovered in August, mainly due to a recovery in capital goods and consumer durables production, according to data released by Eurostat on Tuesday.Industrial production recorded a 1.8% month-on-month increase in August, reversing the 0.5% decline seen in July. Growth was as expected.Elias Hilmar, an economist at Capital Economics, said that although industrial production growth was the strongest in a year, it was probably not the beginning of a sustained recovery.The economist added that production is likely to decline for the rest of the year.ING economist Bart Collin said improving inventory cycles was likely to be a hot…
People often flock to projects that are likely to be profitable, especially in markets that are difficult to predict. I was excited when Polygon recently changed from MATIC to POL, but it didn't live up to my expectations as the price dropped by 17.1%. At the same time, Monero (XMR) has rebounded, rising 5.8% despite continued pressure from regulators and exclusion from some exchanges. However, BlockDAG is a hot topic for good reason. With the pre-sale price approaching $97 million, it has become a hot topic in the market. Its latest technology updates and successful testnet launch have garnered a…
Bitcoin technology company Blockstream has raised $210 million through convertible debt financing in its latest funding round. Blockstream said in a statement on Tuesday that Flugur Ventures, a venture capital firm specializing in cryptocurrencies, led the funding. In addition to expanding its mining operations, the company plans to use the funds to build layer 2 solutions. Dr. Adam Back, co-founder and CEO of Blockstream, said: “We are entering an important new phase of growth to further bridge the gap between Bitcoin and the broader financial world. “This latest funding represents a defining moment for Blockstream as we embark on this…
Ethereum could be exposed to volatility as open interest and appetite for leverage explodes. Determining why prolonged liquidations are huge when prices retreat in favor of the bears. Ethereum [ETH] has received new attention this week, and nowhere is that more evident than in its open interest. This comes amid a resurgence of bullish activity over the weekend. The open interest of the altcoin king has registered a significant spike in the past 24 hours. This is the most active in the past five months and requires deeper investigation into what it means for ETH. The fact that this is…
The Spot Bitcoin U.S. Exchange Traded Fund (ETF) is on a roll today, with a total of $556 million in inflows across 12 funds, the highest inflow in four months. Coincidentally, at the time of the inflow, Bitcoin rebounded, hitting a two-week high of $66,500. The single-day inflow amount was $239 million via Farside (FBTC), the highest amount since June. Other strong performers include Bitwise (BITB) with $100 million and BlackRock (IBIT), which successfully attracted new investors with $79.51 million. Increased activity across funds Several funds recorded inflows as the market continued to rise. Shares of ARK Invest and 21Shares…
Ethereum co-founder Vitalik Buterin recently said: spoke We will focus on Ethereum's transition to proof-of-stake (PoS) and discuss the platform's progress and future developments. Ethereum’s co-founder pointed out that the “merge,” the transition from proof-of-work (PoW) to proof-of-stake (PoS), was one of the most important moments in Ethereum’s history. . After two years, PoS has proven to be stable and effective in terms of security and decentralization. However, some areas still require improvement. Vitalik shared his roadmap for 2023, highlighting the challenges ahead with technical improvements (such as strengthening system stability and accessibility for small-scale validators) and economic changes (aimed…
US authorities have reportedly launched a manhunt to arrest a German man accused of committing a $150 million cryptocurrency scam. According to a recent report from CNBC, Horst Jicha missed a scheduled appearance in Brooklyn federal court earlier this month and is currently on the run. Earlier this year, the U.S. Attorney's Office for the Eastern District of New York charged Jicha with securities fraud, securities fraud, wire fraud, and money laundering conspiracy for allegedly intermediating a multi-level marketing cryptocurrency scheme called USI Tech. Jicha reportedly deposited the equivalent of $1 million in cash with authorities to secure his bail,…
DeFi tokens have been lagging in this cycle. Has that trend ended? Investors Arthur Chong and Jordi Alexander said yes. Posted on October 15, 2024 at 12:00 PM EST. Listen to the episode of apple podcast, spotify, pod, fountain, podcast addiction, pocket cast, amazon musicor on your favorite podcast platform. DeFi tokens have faced major challenges in recent years. But are we now on the brink of a new bull market? Arthur Cheong, Founder and CIO of DeFiance Capital, and Jordi Alexander, Founder of Selini Capital and Chief Alchemist at Mantle, join the show to discuss why they believe DeFi…
Eric Balchunas, Bloomberg's leading ETF expert, predicted that the Bitcoin ETF is on track to overtake Satoshi Nakamoto as the largest holder of the flagship cryptocurrency by Christmas. According to the latest data provided by analysts, their holdings now stand at a whopping 938,533 BTC. As reported by U.Today, Bitcoin recently recorded huge inflows of around $550 million.Bitcoin ETF net inflows are currently nearing the $20 billion milestone. Are Bitcoin price movements correlated with ETF flows? In a separate comment, Balciunas also talked about Bitcoin's rather underwhelming price movement. “Price is the net result of buyers and sellers, and if…