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Showing posts from May, 2024

Update: Kraken says no plans to delist USDT in Europe

Kraken is exploring all options to continue offering USDT for EU customers. Mark Greenberg, Kraken’s Global Head of Asset Growth and Management, confirmed this via a post on X. Kraken is not looking to end support for Tether (USDT) in the European Union, a company official has confirmed. A Bloomberg report on Friday stated that Kraken was “actively reviewing” plans to end support for the stablecoin in the EU . The exchange’s apparent position related to upcoming implementation of the Markets in Crypto Assets (MiCA) regulations, according to an official.  Kraken to continue offering USDT for EU customers Mark Greenberg, Kraken’s Global Head of Asset Growth and Management, has now provided an update on the matter. He commented on the issue on Saturday. In a post on X, Greenberg said the exchange has no plans to delist Tether. He also emphasised USDT’s role and importance as the world’s largest stablecoin to Kraken’s business and customers in Europe. “Let

6 Best Altcoins to Invest in Now May 18 – Internet Computer, Maker, Bonk

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Stakeholders have started to pay more attention to interoperability and tokenizing real-world assets . The values of these alt coins are surging despite the bearish sentiment of the market. The objective is to identify the best alt coins investors can invest in.  With the excitement building for this year’s bull run, investors need to know the significant alt coins poised for gains in the market. This article overviews alt coins gaining popularity in the growing crypto market. These coins have unique Features and the potential to generate massive gains for investors. 6 Best Altcoin to Invest in Now  Maker’s holders are structuring their portfolios ahead of a proposed partnership deal. The token displays robust resilience, with the Fear and Greed Index registering 76. Meanwhile, Bonk’s impressive 9% surge in seven days signals a distinct shift in investor sentiment towards the token. Furthermore, Solana’s recent blockchain ventures are gaining notice. Among them is Mega Dice,

New altcoin makes waves amid bullish Notcoin (NOT) price prediction

Notcoin’s turbulent launch saw a 53% plunge post-airdrop but bullish predictions signal recovery. AlgoTech, a decentralized trading platform, promises innovation amid ongoing presale success. AlgoTech’s ALGT token is priced at 0.08 tether in current stage. Despite a significant post-launch plunge, analysts believe Notcoin (NOT) has growth potential. Alongside this, the ongoing AlgoTech presale has garnered attention, promising advanced algorithmic trading solutions for investors. Notcoin (NOT) rollercoaster ride After an initial plunge of 53% following its launch, Notcoin, a gaming token on the TON Network, faced significant selling pressure. However, despite this setback, prediction s for Notcoin’s future remain optimistic. With support from major exchanges like Binance, OKX, and Bybit, Notcoin (NOT) is projected to recover and thrive in the volatile crypto market. Besides, the project’s innovative approach and widespread community engagement suggest a

We asked ChatGPT-4o to make a $1,000 crypto portfolio

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The wider crypto market has been on a general uptrend since late 2024, with many cryptocurrencies hitting new all-time highs (ATH) or, at the very least, hitting prices not seen in years at one point or another. So far, March has proven to be the cycle’s most exciting month given it featured a major meme coin rally and Bitcoin (BTC) at a new record high, while April – offering the BTC halving on the one hand, but also a correction and stagnation on the other – has arguably taken the second spot for crypto traders. Given that, by mid-May, it appears as though the correction phase is over – most evidently seen by both Bitcoin and Ethereum (ETH) making a significant breakout attempt – Finbold decided to consult the most advanced model of OpenAI’s flagship artificial intelligence (AI) platform – ChatGPT-4o – to help design a strong portfolio for the future. Picks for you Opportunity? Crypto expert predicts ‘one last nuke’ for XRP 1 hour ago Bitcoin vs inflation; Can B

Hedge Fund Millennium Management Reveals $2 Billion Holdings Across Five Spot Bitcoin ETFs

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International hedge fund Millennium Management revealed that it holds just under $2 billion in spot Bitcoin ETFs (exchange-traded funds), underscoring the increasing interest in the king of cryptos from institutional investors. The alternative investment firm, which manages more than $64 billion in assets, held a total of $1.94 billion in shares across five spot BTC ETFs as of Mar. 31, a 13F filing with the US Securities and Exchange Commission (SEC) shows. BlackRock’s IBIT Millennium’s Biggest Spot Bitcoin ETF Position Millennium invested $844 million in BlackRock’s IBIT, making it the firm’s largest spot Bitcoin ETF holding. Fidelity’s BTC ETF is its second-largest holding with slightly over $806 million. The filing showed that Millennium also held shares in the ARK 21Shares Bitcoin ETF, the Bitwise Bitcoin ETF and the Grayscale Bitcoin Trust. The hedge fund is exposed to spot BTC ETFs to the tune of about 200x more than the average of the the top 500 new holders, according t

Ethereum Struggles to Hold $3,000 Support: How Will ETH Perform in May?

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Ethereum (ETH) has been facing challenges in maintaining its price above the crucial $3,000 support level. As the market navigates through a period of uncertainty, investors and traders are closely monitoring Ethereum’s performance to gauge its potential trajectory in the coming weeks and months. Ethereum’s Struggle to Break Its Fall According to a recent technical Analysis by Rekt Capital, a prominent cryptocurrency analyst, Ethereum has been unable to break its fall on its current retrace. A few weeks ago, the analyst had discussed a scenario where ETH could reject from a blue circled area, which could then turn into new resistance. In the latest Analysis , Rekt Capital reveals that Ethereum has lost the black level as support and is now getting increasingly close to tapping the Range Low at $2,791 (orange circle). Also read: Shiba Inu Forecasted to Hit $0.0001: Here’s When This development is particularly concerning as previous revisits to the orange circl

2 cryptocurrencies to reach $100 billion market cap in the first half of 2024

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Bitcoin (BTC) recent surge to a record high of $73,750, followed by a pullback to $61,000, has set the stage for what many in the cryptocurrency sector believe could be the onset of an altcoin season. Analysts’ diverse predictions hint at a massive upswing in altcoin valuations. This ongoing bullish sentiment particularly benefits several crypto currencies on the verge of significant market cap milestones, notably the $100 billion mark.  Consequently, Finbold has identified two cryptocurrencies likely to surpass this threshold. Picks for you IShowSpeed's net worth revealed: How rich is the young streamer? 2 hours ago Native DYDX staking now on Anchorage Digital  2 hours ago Crypto boom: 1 million new tokens launched in just 30 days 2 hours ago Bitcoin network activity at 5-year low while BTC price is 10x higher 3 hours ago BNB Chain (BNB) BNB, the native token of Binance, is showing robust potential to reach and potentially exceed a $100

Colony Lab launches a “Liquid Vesting” platform to democratize early-stage crypto investments

Colony Lab, a community-driven accelerator for the Avalanche (AVAX) ecosystem, has unveiled a new decentralized fundraising platform poised to revolutionize access to seed investments in early-stage crypto projects, according to the latest information shared with Finbold on May 15.  Historically limited to the realm of venture capitalists and high-net-worth individuals, these opportunities are now open to a broader audience, thanks to Colony Lab’s innovative approach. Congrats to Colony on the launch of their new decentralized fundraising platform, Early Stage! Great to see Avalanche founders bringing brand new innovations to the space https://t.co/70H7keFKHe — Avalanche (@avax) May 14, 2024 Liquid Vesting on Colony Labs A standout feature of the new platform is “Liquid Vesting,” a pioneering concept in the world of crypto currencies.  Picks for you We asked ChatGPT-4o what will be XRP price at the end of 2024; Here’s what it said 53 mins ago Silver vs inf

Tether partners with RAK DAO to advance crypto education and adoption in UAE

Tether partners with RAK DAO to promote crypto adoption and education in the UAE. The collaboration includes facilitating crypto payments & developing educational programs. Aim is to drive economic growth and establish RAK DAO as a global blockchain hub. Tether, the pioneering issuer of the USDT stablecoin, has forged a strategic partners hip with RAK Digital Assets Oasis (RAK DAO) to bolster the introduction of Bitcoin and stablecoin technology in Ras Al Khaimah, UAE . The collaboration, solidified through the signing of a Memorandum of Understanding (MoU), marks a significant step towards fostering blockchain education and adoption in the region. Tether driving crypto adoption in UAE In alignment with RAK DAO’s mission to promote web3 innovation and spur economic growth, Tether will collaborate closely to facilitate the integration of cryptocurrency payments within the region. Additionally, the partnership w

President Biden blocks Chinese-backed crypto miner near Wyoming nuclear site

After a Chinese-backed crypto currency mining firm tried to buy land near a nuclear missile base in Wyoming, United States, President Joe Biden issued an order preventing this purchase, citing “national security risk” due to the vicinity of the nuclear site. Specifically, the order prohibits the purchase and demands the divestment of the real estate belonging to a company largely owned by Chinese nationals and located within one mile of Francis E. Warren Air Force Base (F.E. Warren AFB), according to the US Treasury Department’s press release on May 13. Also, it seeks “the removal of certain improvements and equipment at the property by MineOne Partners Limited, (…) majority owned by nationals of the People’s Republic of China; MineOne Cloud Computing Investment I L.P.; MineOne Data Center LLC; and MineOne Wyoming Data Center LLC (collectively MineOne), as well as their affiliates.” Picks for you We asked ChatGPT-4o what will be Gold price at the end of 2024; Here’s w

Next Cryptocurrency To Explode Monday, May 13 — Helium, Bitcoin Cash, Toncoin, FTX Token

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Interest in the crypto markets is growing due to the fluctuating prices of well-known tokens. While Bitcoin aims for higher prices, other cryptocurrencies also show signs of readiness to surpass crucial resistance levels. Many altcoins and meme coins, including Bitcoin Cash, Toncoin, and Pepe, are experiencing a bullish trend. Based on the market data from these cryptocurrencies, some have posted gains in the same period, and higher gains are likely. It’s becoming evident that some of these tokens will become the next cryptocurrencies to explode . Next Cryptocurrency To Explode Many investors will be moving to seize new opportunities in the current market. Analysts are highlighting the potential of upcoming projects, and one example worth checking out is WienerAI. The project aims to merge AI and crypto trading to create a powerful, user-friendly trading platform. Below, we’ll look at updates on the project and its future. 1. Pepe (PEPE) Pepe’s price against the US dollar surged 5