Author: CryptooTimes
Before the June 7 price decline, Bitcoin’s volatility over the previous 15-day period sat within “the bottom 6% of occurrences.” Source link
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.…
Friend.tech, a key player in the web3 social networking sphere, has disclosed plans to collaborate with Conduit, a notable crypto infrastructure service provider, to create its native blockchain. On June 8, Friend.tech unveiled plans for Friendchain, a proprietary blockchain that will utilize the FRIEND token as a fully transferable gas token. The platform did not specify a launch timeline for the project. We’re pleased to be working with @conduitxyz on Friendchain, our own blockchain that uses $FRIEND as a fully transferable gas token.We’ll keep you up-to-date with all the info you need over the coming months as we build out…
Decentralized social media platform Friend.tech has announced it will be teaming up with Conduit to develop its own blockchain, Friendchain. Source link
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.…
The week of June 2 to June 8 saw an influx of funds into the blockchain space, with 21 startups raising a total of $399.7 million from venture capital firms and angel investors. Data from Crypto Fundraising shows that five startups raised more than $108 million between them from series A rounds, with another seven startups raking in a combined $52.6 million from unknown rounds. Crypto fundraising summary June 2–8 | Source: Crypto Fundraising Additionally, three startups made $19 million from seed rounds, and one startup raised $10 million in a private round. Here’s a breakdown of the most notable…
GameStop trader Roaring Kitty sees his GME stake rise to $1 billion, Bitcoin open interest spikes and new U.S. laws target digital assets. Source link
Bitcoin (BTC) has revolutionized the financial world with its decentralized, secure and transparent nature. Although it was the first cryptocurrency, Ethereum (ETH) pioneered the development of the entire decentralized finance, or DeFi, ecosystem. Now, Bitcoin is following suit, ushering in an era of development within its own ecosystem. As Bitcoin’s popularity surged, so did the challenges related to its scalability and transaction speed. To address these issues, the Bitcoin community has developed various layer-2 blockchains, or L2s, which enhance the network’s efficiency and functionality without altering Bitcoin’s software itself. This article delves into the concept of Bitcoin layer 2s, exploring…
Meme coins have experienced a notable decline alongside GameStop’s stock crash on June 7. Although the drop was smaller than GameStop’s, major meme coins like Pepe, Dogewheat, Floki, and Bonk fell by over 10%. The unpredictability of the market was evident as GameStop’s stock surged 47% the previous day in anticipation of a live broadcast by Keith Gill, known as ‘Roaring Kitty,’ who had led the GameStop rally. However, the stock price plummeted by as much as 40% after the 50-minute broadcast, which offered no new information. The unpredictability also impacted meme coins, which had piggybacked on the meme stock…
The 200 million user mark represents over a third of all cryptocurrency holders worldwide. Source link
