Author: Digicoinvision

The crypto market is entering a critical juncture as Bitcoin’s momentum shows early signs of weakening. While bulls still aim for $200K, analysts are flagging short-term risks. Ethereum and Litecoin are also nearing pivotal resistance zones.  Meanwhile, a new player, MAGACOIN FINANCE, is gaining recognition as one of the top altcoins to buy, with breakout potential that’s drawing comparisons to Shiba Inu’s early phase. Bitcoin: $200K Still on the Horizon, But First, A Correction? Bitcoin (BTC) is currently trading around $114,000 after peaking above $123,000 in mid-July. However, key technical indicators have flashed red. The weekly Relative Strength Index (RSI)…

Harvard Management Company, the entity responsible for managing the university’s $53-billion endowment fund, has reported a multimillion-dollar investment in BlackRock’s Bitcoin exchange-traded fund (ETF).In a Friday filing with the US Securities and Exchange Commission (SEC), Harvard disclosed holding about 1.9 million shares of the iShares Bitcoin (BTC) ETF as of June 30. The BTC exposure was valued at more than $116 million, making it the fund’s fifth-largest investment for the period after Microsoft, Amazon, travel technology company Booking Holdings, and Meta. Harvard reported its endowment fund was $53.2 billion as of June 30, 2024, making it the largest among US universities,…

Join Our Telegram channel to stay up to date on breaking news coverage The XRP price surged almost 12% after Ripple and the US Securities and Exchange Commission ended their years-long legal battle, jointly dismissing appeals in a case that has loomed large over crypto regulation since 2020. According to an Aug. 7 court filing, the Second Circuit Appeals Court acknowledged the dismissal of both Ripple and the SEC’s appeals, effectively finalizing the 2023 ruling by Judge Analisa Torres. The court also noted that each party will bear its own legal costs and fees. “The end,” said Ripple’s chief legal…

Locked liquidity on decentralized finance (DeFi) applications reached a record $270 billion in July, partly driven by tokenized stocks growth. DappRadar’s data shows the total value locked (TVL) in DeFi protocols jumped 30% month-over-month, while active wallets for tokenized stocks soared from roughly 1,600 to more than 90,000, pushing their market cap up 220%.Meanwhile, NFT trading volumes jumped 96% to $530 million during the month. The average NFT price also doubled to around $105 as more users engaged with the market.Related: OpenSea expands to mobile with Rally deal, eyes ‘onchain everything app’NFT activity edges ahead of DeFiWhile DeFi liquidity climbed, user attention…

Crypto projects captured $2.67 billion in investments last month and is equivalent to 85% of money raised during the entire second quarter.DefiLlama data shows that the funding amount in July is 6% larger than June, when crypto startups surpassed $2.5 billion by a small margin. Additionally, July was the second-largest month in funding, bested only by March’s $3.5 billion. Pump.fun’s pre-sales contributed heavily to July’s numbers, as it attracted nearly $1 billion before its token generation event.Treasuries shineDefiLlama tracked investments into crypto-related companies under the category “Investments,” which received $512 million in funding. BitMine raised $250 million to add Ethereum to its…

The team behind the decentralized finance (DeFi) protocol CrediX Finance seems to have disappeared following a $4.5 million exploit that drained funds from the platform, raising suspicions of an exit scam.On Monday, blockchain security firms flagged the exploit and determined that crypto assets worth $4.5 million had been taken from the platform. In response, the DeFi protocol paused its website to prevent users from depositing any more funds. Blockchain security firm SlowMist wrote that six days before the exploit, the attackers accessed the protocol’s multisig admin and bridge wallets. The access was used to mint crypto that was used as collateral…

After failing to decisively break above the $120,000 level in mid-July, Bitcoin (BTC) could face further price corrections as whales continue to increase BTC inflows to the Binance crypto exchange. Is Bitcoin Losing Its Bullish Momentum? According to a recent CryptoQuant Quicktake post by contributor Arab Chain, fresh data from the Binance Whale-to-Exchange Flow indicator suggests that BTC may soon experience additional downside pressure. Related Reading The analyst noted that despite growing retail participation in the BTC market, persistently high whale inflows into Binance – combined with a declining Bitcoin price – signal that the market could be entering a…

Gold prices initially surged after the Trump administration announced reciprocal tariffs on Swiss gold bars, briefly exceeding $3,400 per ounce. The gains appeared to reverse after the White House clarified that an executive order would exempt gold bars from these tariffs. Tariffs Cause Chaos in Gold Market Before Clarification Gold’s price gains, made hours after […]

Community & educationBlockchainsForSchoolsSponsorship of BlockchainsForHacks, an ideation challenge for high school and college students to create innovative projects using blockchain technology.Cryptography & zero knowledge proofsHubbleContinued funding for work on an optimistic rollup hub allowing creation of any rollup chain simply by writing a solidity function.Cryptography & zero knowledge proofsZkopru (zk-optimistic-rollup)Layer-2 scaling solution for private transactions using zk-SNARKs and optimistic rollup. Github: https://github.com/zkopru-network/zkopruCryptography & zero knowledge proofsDark ForestGame theorietic research completed by a group of Stanford students on using zk-SNARKs to construct “incomplete information” environments where users can keep a private state while publicly submitting verifiably valid actions. Dark Forest was…

The top US-based crypto exchange platform is adding support for a Cosmos (ATOM)-based decentralized finance (DeFi) altcoin. In a new thread on the social media platform X, Coinbase says it is adding support for the fourth iteration of dYdX (COSMOSDYDX), a DeFi platform built on the interoperability blockchain focused mainly on crypto derivatives and perpetuals. “dYdX is now live on http://coinbase.com and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” Data from Coinbase reveals that following the announcement, COSMOSDYDX saw a burst of price action, going…