💥In Q1 2024, venture capitalists invested $2.49 billion, marking a 29% quarter-over-quarter increase, across 603 deals, reflecting a 68% quarter-over-quarter rise!
👌This uptick represents the first increase in both capital invested and deal count in three quarters, suggesting that Q4 2023 might have marked the "bottom."
⭐However, further sustained and larger increases are necessary to confirm this trend.
#Russia is implementing a #crypto ban to strengthen the #ruble amidst escalating geopolitical tensions and widening sanctions.
The proposed bill will include exceptions for crypto miners and Central Bank-sponsored test projects, forming an experimental legal framework. Because crypto mining plays a crucial role in Russia's tax revenues, generating over $2.59 billion for foreign trade settlements, according to Statista data...
So, we will see how these hypocritical bans affect crypto usage in Russia but one thing for sure... we have to endure bear market for longer than we thought.
As you may know we can't share non-Binance links here. However, accessing original articles about this topic is easy enough. Though they often contain technical language that can be challenging for most readers. Here I try my best to provide you with the most basic information regarding the topic. #Avalanche is undergoing a serious change regarding the subnets and you should know this. TLDR: - Separating Subnet Validators from Primary Network Validators: - Primary Network Partial Sync - Rem
The #FBI cautions Americans against utilizing unregistered #cryptocurrency money transmitting services...
The FBI suggests taking a few simple steps to avoid unintentionally using non-compliant services. For instance, it's advisable to steer clear of cryptocurrency money transmitting services that fail to collect know your customer (KYC) information when required.
Phase 1: Final Pre-Halving Retrace - #Bitcoin experiences two -18% retraces in just over a month before the Halving. - These retraces are typical before the Halving event. - Historically, retraces before the Halving have been around -19% to -38%. - This represents a last chance for bargain-buying before the Halving. Phase 2: Re-Accumulation - The ongoing retrace sets up the Re-Accumulation Range before the Halving. - This range forms weeks before the #Halving and ends with a breakout weeks after
- In Q1 2024, 76% of the decentralized finance yield market, totaling $43.8 billion, earned around 5% APY through low-risk contracts. - Staking, notably on #Ethereum 's transition to Proof-of-Stake, drove this resurgence in decentralized finance. - The bridging sector saw a 51% increase in Total Value Locked (TVL), rising from $94.8 million to $143.6 million. Interest in low-risk activities such as #staking and secured lending is increasing, while sectors like insurance and derivatives are exper
If $BTC price drops because of tensions in the Middle East, things might get worse I'm afraid... The tension is expected to increase more this year...
LIVE
Coin Journalist
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Why Did Crypto Crash Today?
Good morning... So, you have opened your eyes to another red day. Please bear with me now 👇 As tensions between Iran and Israel intensify, the #crypto market has witnessed a significant downturn, losing over $430 billion in market value. The global crypto market cap dropped by 20%, falling from $2.64 trillion to a low of $2.21 trillion due to panic selling... The market's reaction on Monday will be crucial as the sudden crash has eroded confidence among investors. Tensions between Iran and Israel escalated following an airstrike on the Iranian consulate in Damascus, Syria, which Iran claims resulted in the deaths of officials, including high-ranking generals. In response, Iran threatened retaliation and initiated drone attacks on Israel. #RektCapital suggests that the current $BTC cycle is moving faster than previous ones, as evidenced by new all-time highs before the halving. However, he notes that the current retracement and sideways movement in the re-accumulation range are necessary to slow down the cycle. These retraces and consolidation periods aim to align the current cycle more closely with historical patterns. However tension is rising. Russian President Vladimir Putin has issued a warning to the United States, cautioning against interference in the escalating tensions between Iran and Israel. Putin's threat follows reports that the U.S. intercepted drones launched by Iran toward Israel. Putin stated that if the Biden administration supports Israel, Russia will not remain passive and will take action.
Good morning... So, you have opened your eyes to another red day. Please bear with me now 👇 As tensions between Iran and Israel intensify, the #crypto market has witnessed a significant downturn, losing over $430 billion in market value. The global crypto market cap dropped by 20%, falling from $2.64 trillion to a low of $2.21 trillion due to panic selling... The market's reaction on Monday will be crucial as the sudden crash has eroded confidence among investors. Tensions between Iran and Isra
The price of #Bitcoin saw a sharp slump, falling as low as $66,952 on Friday during the early Asian trading session, a 7% decrease. Remarkably, this severe decline erased almost $100 million in long Bitcoin holdings as the price of the cryptocurrency dropped from its most recent high of $70K! Smaller cryptocurrency losses were significantly more severe during the frantic activity. With Aptos $APT filecoin $FIL Cardano's $ADA and Avalanche's $AVAX all down 15-20%, the broad-market CoinDesk 20 In
Leading decentralized exchange #Uniswap has been notified by the U.S. Securities and Exchange Commission ( #SEC ) about an impending enforcement action, according to a recent Fortune report. Here is #HaydenAdams ' (Founder and CEO of Uniswap) announcement: Today Uniswap Labs received a Wells notice from the SEC
I’m not surprised. Just annoyed, disappointed, and ready to fight.
I am confident that the products we offer are legal and that our work is
#VanEck 's strategic acquisition of a $64 million stake in #Ethereum sparked a 13% surge in the price of the cryptocurrency!
VanEck's investment of $63 million in Ethereum (ETH) through #AbyssFinance has sparked market speculation.
$ETH remains stable at a trading price of $3,525.83 despite market volatility.
THOUGH market analysts predict an imminent breakout in ETH's price, with potential scenarios including either a bullish extension or a downward correction!
Experts such as #BenjaminCowen and #PeterBrandt are raising concerns about a potential crash in the price of #Bitcoin if historical chart patterns repeat.
Japanese firm #Metaplanet is venturing into the realm of #Bitcoin with aspirations to emulate the success achieved by MicroStrategy.
Metaplanet Inc., a leading player listed on the Tokyo Stock Exchange, has made a bold move by incorporating Bitcoin into its treasury assets with an initial investment of JPY 1 billion (approximately $6.56 million).
This strategic step puts Metaplanet on a path to potentially replicate the success of #MicroStrategy a renowned American corporation known for its substantial $BTC reserves.