Cointacted

#crypto #blockchain #cryptocurrency #cryptonews #nft #btc #eth Cointacted is proud to announce its partnership with the Web3 World Consortium (W3WC), a groundbreaking event set to take place on April 22nd, 2024, at the Millennium Plaza in downtown Dubai. As sponsors of this premier event, Cointacted is excited to support and participate in the exploration of the intersection between Web3 and AI innovations. Vision The W3WC aims to navigate the nexus of Web3 and AI innovations, offering attendees a unique opportunity to immerse themselves in the pinnacle of technological integration. With a focus on visionary investors, pioneering startups, and industry leaders, the event serves as a catalyst for collaboration, networking, and idea exchange. Event Highlights 20 Startups: Witness emerging startups pitch their transformative ideas to a panel of esteemed investors, competing for recognition and substantial prizes. 30 Speakers: Gain insights from industry experts and thought leaders shaping the future of Web3 and AI. 2000 Attendees: Join a vibrant community of like-minded individuals passionate about leading trends in technology. Pre-Reception Welcome Yacht Party: As part of the pre-event festivities, attendees can network and enjoy breathtaking vie...

#crypto #blockchain #cryptocurrency #cryptonews #nft #btc #eth We’re pleased to announce the founding of the Blockchain Security Standards Council (BSSC). This nonprofit organization will seek to establish uniform security standards in the crypto industry. The BSSC’s participants will address emerging security threats by working toward a consensus of agreed upon standards. Such threats include fraud, nation-state targeted campaigns and protocol and contract exploitation, all of which damage trust in cryptoasset technology. “Establishing voluntary security standards is a critical component of crypto’s maturation,” said Kraken Chief Security Officer Nick Percoco. “Industry players collaborating to build a stronger overall ecosystem can only help to drive confidence in the overall asset class. We’re proud to play our part in designing these standards that the industry will adhere to.” The BSSC founding team consists of Kraken, Anchorage Digital, Bastion, Coinbase, Figment, Fireblocks, Halborn, OpenZeppelin, Ribbit Capital and Sentinel Global. All firms in the BSSCl are committed to developing industry security benchmarks and a robust audit process by the end of 2024. The BSSC also aims to engage with regulators and policymakers – educating as the blockchain ecosyste...

#crypto #blockchain #cryptocurrency #cryptonews #nft #btc #eth Japanese firm Metaplanet continues accumulating Bitcoin tokens, adopting a buy-the-dip strategy amid the ongoing decline. Metaplanet purchased 42.47 BTC coins worth 400 million yen ($2.42 million) when BTC fell to a low of $54,500 earlier in the day. Metaplanet’s accumulation comes amid heightened fear among investors as crypto asset volatility increases. Often tagged Asia’s MicroStrategy due to its aggressive Bitcoin accumulation, Metaplanet has expanded its holdings, leveraging Bitcoin’s depressing price. The company’s additional 42.47 BTC ($2.5 million) purchase brings its total holdings to 203.734 coins valued at 2.05 Billion yen (approximately $12 million). This purchase is the company’s fourth accumulation within the last four months. *Metaplanet purchases additional 42.47 $BTC* pic.twitter.com/dPotWszW1Y With the latest purchase, Metaplanet’s market cap is currently at 14.5 billion yen. Its BTC holdings account for over 2 billion of its market cap value. Metaplanet sees Bitcoin as a reserve asset to cushion the effects of economic problems in Japan. The company established its Bitcoin trading strategy by establishing a subsidiary in the British Virgin Islands. It aims to leverage the gr...

#crypto #blockchain #cryptocurrency #cryptonews #nft #btc #eth Multicoin Capital will match Solana (SOL) donations to the Sentinel Action Fund, a political action committee (PAC) supporting pro-crypto Republican senators, for up to $1 million over 10 days. On July 5, Multicoin Capital Managing Partner Kyle Samani said the firm’s involvement will “double the impact” of donor contributions. Samani explained the company’s reasons for the initiative, stating: “Political engagement matters, and it starts with supporting the candidates who believe America needs to remain free for innovation.” He said that donation matching will help the Sentinel Action Fund add more pro-crypto lawmakers to the US Senate, which will produce “good legislation, good policy results, and good agency nominees.” He called for elected leaders who will defend US citizens’ crypto rights. Donors can contribute through the PAC website or via Blink, a new Solana feature that allows Backpack wallet users to transact directly from X. Samani said that Blink donations will provide all information needed to comply with the Federal Election Commission’s (FEC) rules. Bipartisan firm supports Republican PAC The Sentinel Action Fund is a self-described “conservative Super PAC” that supports pro-crypto...

#crypto #blockchain #cryptocurrency #cryptonews #nft #btc #eth Bitcoin was set for its biggest weekly fall in more than a year on Friday, as traders fretted over the likely dumping of tokens from defunct Japanese exchange Mt. Gox and further selling by leveraged players after the cryptocurrency's strong run. The price of the world's largest cryptocurrency slid as much as 8% on the day to $53,523, its lowest since late February. It was on track for a more than 12% weekly decline, its biggest since early November 2022. Rival token Ether slid 9% to $2,841 to more than a two-month low. Media reports said Mt. Gox, the world's leading exchange for cryptocurrencies before it collapsed a decade ago, may start returning bitcoin to creditors, who are seen as likely sellers since the token's worth was only hundreds of dollars in 2014. "The selling pressure is still related to creditor selling from the failed Mt Gox exchange," said Tony Sycamore, a market analyst at IG. "However, the acceleration to the downside suggests the market is trying to get ahead of the creditor flows." Analysts have also pointed to worries over the possibility of Joe Biden being replaced as the Democrats' presidential nominee by someone less pro-crypto after a shaky debate performanc...

#crypto #blockchain #cryptocurrency #cryptonews #nft #btc #eth Bitcoin has not reached the top of its current appreciation cycle and is likely to go past its all-time high this year, according to a research report released by CCData on Tuesday. Bitcoin hit an all-time high of above $73,700 in March but has since been trading within a range between roughly $59,000 and $72,000. The journey to the record high in March was largely driven by the approval and launch of the spot bitcoin exchange-traded funds, or ETFs, in the U.S. in January. They have attracted net inflows to date of around $14.41 billion to date, according to CCData, market data provider focused on digital assets. ETFs allow investors to buy a product that tracks the price of bitcoin without owning the underlying cryptocurrency. Crypto proponents say this has helped legitimize the asset class and make it easier for larger institutional investors to get involved. The bitcoin "cycle" refers to the period in which the digital currency ascends to a new record high, then falls again to enter a bear market or "crypto winter." These cycles — of which three have now been completed since the launch of bitcoin — have tended to follow a similar pattern. That has been centered around an event called the halving, du...

#crypto #blockchain #cryptocurrency #cryptonews #nft #btc #eth A bitcoin exchange that collapsed 10 years ago after being hacked is set to return billions of dollars’ worth of the token to users — and it has investors worried. In a few days, bankrupt Tokyo-based bitcoin exchange Mt. Gox will begin paying back thousands of users almost $9 billion worth of tokens. The platform went under in 2014 following a series of heists that cost it in the range of 650,000 to 950,000 bitcoin, or upward of $58 billion, at current prices. The payout follows a protracted bankruptcy process that’s involved multiple delays and legal challenges. On Monday, the court-appointed trustee overseeing the exchange’s bankruptcy proceedings said distributions to the firm’s roughly 20,000 creditors would begin in early July. Disbursements will be in a mix of bitcoin and bitcoin cash, an early offshoot of the original cryptocurrency. While this is good news for victims of the hack who have spent years waiting to be made whole, the price of bitcoin slid to $59,000 last week, in the crypto market’s second-worst weekly decline of the year. CNBC spoke to half a dozen analysts to get their take on what to expect when roughly 141,000 bitcoin — or roughly 0.7% of the total 19.7 million bitcoins outstan...

#crypto #blockchain #cryptocurrency #cryptonews #nft #btc #eth Recently, altcoin holders have faced significant stress due to market movements over the past five weeks. Major shifts and turning points often involve extreme pain and patience, causing many to give up. But one has to remember that altcoins can gain momentum only when Bitcoin dominance decreases. Ethereum ETF discussions are heating up, with approvals and trading expected in the first week of July. The Bitcoin dominance chart shared by Derek on X shows the current situation mirroring peaks in 2017 and 2021, signaling the start of an altcoin bull market. At this critical juncture, there’s a major shift between sellers and buyers. The upcoming Ethereum ETF S-1 is expected to be a game changer, drawing attention from Bitcoin whales. I believe the altcoin market will react in anticipation before the Ethereum ETF S-1 launch in mid-July. There will be volatility during this period, but staying calm and patient is key to navigating it. Crypto Crusader predicts that July will be a highly bullish month for the crypto market. If the ETF gets approved, altcoin holders should brace for impact. Ethereum is expected to lead the market, reducing Bitcoin’s dominance and boosting ERC20 projects. This could trigger a rap...

#crypto #blockchain #cryptocurrency #cryptonews #nft #btc #eth Solana (SOL) has bee­n experiencing he­ightened volatility, refle­cting the broader turbulence­ in the cryptocurrency market. Re­cently, it suffered a notable­ decline of 18% over one­ month. This downturn is part of a larger corrective phase­ following an impressive rally earlie­r this year. Market dynamics are influe­nced by macroeconomic factors, regulatory de­velopments, and shifts in investor se­ntiment. Amidst this backdrop, crypto analyst Patel offers a de­tailed chart analysis predicting Solana’s potential path. Pate­l identifies a classic Cup and Handle patte­rn on the weekly SOL/USDT chart. This patte­rn typically signals bullish continuation, with the cup formation spanning from mid-2021 to mid-2022, followed by a consolidation phase forming the­ handle. The significant resistance­ zone for Solana is around the neckline­, approximately betwee­n $200 and $225. This level has historically bee­n a psychological barrier, and a successful breach could pave­ the way for further gains. Patel’s analysis outline­s two major price targets for SOL in the me­dium to long term. The first target (TP1) is se­t at $520, reflecting previous highs and pre­senting substantial upside potential. The­ second ta...

#crypto #blockchain #cryptocurrency #cryptonews #nft #btc #eth SEC Chair Gary Gensler said the regulator expects to approve the spot Ethereum ETF applications’ S-1 registration forms “sometime over the course of this summer,” which would be the final step before the funds can launch in the US. Gensler confirmed that the ETFs would be able to launch by the end of summer, well before the November presidential elections. The watchdog recently approved the related 19b-4 applications filed by stock exchanges in May. However, the approval of S-1 registration forms from individual issuers is still pending. Gensler said during a Senate hearing on June 13 that: “Individual issuers are still working through the registration process. That’s working smoothly.” Senator Bill Hagerty commended Gensler on committing to him that the applications would be approved by the end of summer. He added: “We’ve gotta get this market.” Launch timeline, commodity classification Gensler’s timeline aligns with predictions made by industry experts in recent weeks. Bloomberg ETF analysts suggested that the S-1 documents’ approval could take “weeks” to “months” following the 19b-4 approvals. Similarly, others, including JP Morgan, have predicted that the ETFs will begin trading before the Novemb...