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Crypto Needs to Radically Rethink Token Distribution Ether Rises 8% Amid Slumping Bitcoin Dominance AUD/USD plummets to fresh four-month lows below 0.6400 Nostra expands to Ethereum-compatible Monad following community vote Qubetics Could Hit $15: The Best Altcoin to Invest in Right Now for Explosive Growth as Tron Shows Stability at $0.32 and Theta Innovate Crypto Market Records A Bullish Rebound As Bitcoin Reclaims $60K, Ethereum Hits $2.65K! Ethereum ETFs Record Positive Inflows, Overtaking BTC Fund Flows: Could This Be a Turning Point? This Week in Crypto Games: ‘Hamster Kombat’ Players Get Crafty as Pre-Market Trading Expands DraftKings NFT Lawsuit Dismissal Fails German State Ends BTC Sale, as Market Experiences Uptick

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Crypto Needs to Radically Rethink Token Distribution

A major blocker for mainstream blockchain adoption remains the prevailing sense that the space is still too focused on speculation. To build a sustainable ecosystem and onboard more users, protocols must radically rethink how tokens are distributed. The focus must shift from inflated valuations and speculative price action to long-term utility and transparency. This year, the cryptocurrency market has witnessed a resurgence in token launches, many of which have adopted a "low float, high fully-diluted value (FDV)" strategy. The plan is simple: launch at a high price, lead with a multi-billion dollar valuation and create hype around the project’s potential....

09.08.2024

Ether Rises 8% Amid Slumping Bitcoin Dominance

Fed Chair Jerome Powell said bitcoin is competing against gold, not the U.S. dollar, in an appearance on Wednesday. Dec 4, 2024, 8:25 p.m. UTC Having long lagged behind bitcoin (BTC) in terms of price action, ether (ETH) saw some solid gains on Wednesday, rising 8% to over $3,880 in the last 24 hours. The second largest cryptocurrency’s price benefitted from $800 million worth of shorts closing their positions, according to Tom Dunleavy, a partner at venture studio Master Global. But it’s also profiting from a capital influx reminiscent of the 2021 bull market, CoinDesk Senior Analyst James Van Straten...

04.12.2024

AUD/USD plummets to fresh four-month lows below 0.6400

The US Dollar strengthened ahead of the weekly close on the back of mixed data. The Reserve Bank of Australia will announce its decision on monetary policy next week. AUD/USD fell to its lowest since August, maintaining the bearish pressure. The US Dollar (USD) soared in the last trading session of the week, with the AUD/USD pair falling towards 0.6380, a level last seen in August. Without data releases in Australia, the market focused on the United States (US) macroeconomic developments. Mixed employment figures initially weighed on the USD, but a better-than-anticipated preliminary estimate of the US Consumer Sentiment Index...

06.12.2024

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Crypto Needs to Radically Rethink Token Distribution

Ether Rises 8% Amid Slumping Bitcoin Dominance

AUD/USD plummets to fresh four-month lows below 0.6400

Nostra expands to Ethereum-compatible Monad following community vote

Nostra leverages Monad's EVM parallelization for broader DeFi applications. Key Takeaways Nostra's community voted 43.3% in favor of expanding to Monad. Monad's EVM parallelization will support Nostra's DeFi and payment apps. Nostra, a Starknet-based decentralized finance (DeFi) project, announced today its plans to deploy on Monad, an Ethereum-compatible Layer 1 blockchain. This move marks Nostra’s expansion into the EVM-compatible space, following a community-driven decision process. The decision to partner with Monad came after Nostra conducted a Twitter poll last week, asking its community to vote on potential expansion targets. Monad received 43.3% of the votes, surpassing other options such as...

Qubetics Could Hit $15: The Best Altcoin to Invest in Right Now for Explosive Growth as Tron Shows Stability at $0.32 and Theta Innovate

You are here: Home / News / Qubetics Could Hit $15: The Best Altcoin to Invest in Right Now for Explosive Growth as Tron Shows Stability at $0.32 and Theta Innovate Investors constantly search for projects with massive growth potential in this dynamic environment. With new projects emerging regularly, it can be tough to identify which ones stand out. Among the vast landscape, three altcoins are creating a buzz right now—each with the unique potential to shape the future of digital assets. While some coins are stable and predictable, others are making waves for their bold innovations and game-changing features....

Crypto Market Records A Bullish Rebound As Bitcoin Reclaims $60K, Ethereum Hits $2.65K!

Home / Crypto Live News / Crypto Market Records A Bullish Rebound As Bitcoin Reclaims $60K, Ethereum Hits $2.65K! Reportedly, over the past day, the crypto market has recorded a jump of 1.72% in valuation and is currently valued at $2.09 Trillion. Furthermore, it recorded a total trading volume of $83.85 Billion, a change of +41.41%. Notably, the market leader, BTC price had successfully reclaimed the $60K mark with a 24-hour high of $60,680.33 and is currently valued at $59,235.23. Following this, the Ethereum token has added 4.64% to its portfolio and has recorded a 24-hour High/Low of $2,749.14 and...

Ethereum ETFs Record Positive Inflows, Overtaking BTC Fund Flows: Could This Be a Turning Point?

Ethereum ETFs recorded a daily inflow of US$33.7 million, overtaking Bitcoin ETFs which saw US$18.3 million outflows. BlackRock’s ETHA fund outperformed its Bitcoin counterpart, indicating strong investor interest in Ethereum. Despite the positive fund flow, Ethereum’s price dropped by 3% on its ninth anniversary. Data from Farside shows that we may be at a turning point for the Ethereum exchange-traded funds (ETFs). The Ether funds have just managed to overtake the Bitcoin funds in total daily flows. While BTC funds saw combined outflows on 30 July of US$18.3 million (AU$28m), the Ethereum funds managed inflows of US$33.7 million (AU$51.57m). Related:...

This Week in Crypto Games: ‘Hamster Kombat’ Players Get Crafty as Pre-Market Trading Expands

Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy. Crypto News Australia is a news service that adheres to its Editorial Policy. Crypto News Australia are a subsidiary of Swyftx Pty Ltd, which operates a cryptocurrency exchange in Australia and New Zealand. Our website is purely informational and provides news about cryptocurrency & blockchain. The information on Crypto News Australia should not be taken as financial advice, investment advice or a personal recommendation. Buying and trading cryptocurrencies is a high-risk activity. Please do your own due diligence before making any investment decisions. We are...

DraftKings NFT Lawsuit Dismissal Fails

By Mark Hunter 1 month agoThu Jul 04 2024 07:45:56 Reading Time: 2 minutes A US judge has denied DraftKings’ motion to dismiss a class action lawsuit involving its NFTs The lawsuit claims DraftKings’ NFTs are investment contracts and could be securities Judge Denise Casper ruled that the NFTs could constitute a security A US federal judge in Massachusetts has ruled against DraftKings’ attempt to dismiss a class action lawsuit initiated by purchasers of its non-fungible tokens ( NFTs ). The lawsuit contends that these NFTs are investment contracts, potentially classifying them as securities under US law. The case was...

German State Ends BTC Sale, as Market Experiences Uptick

One of the biggest Bitcoin liquidations in history has drawn to a close, with the German State Government Saxony finalising its last sales. The move came as State authorities seized a whopping AU $4b worth of Bitcoin from movie pirating site Movie2k.to. Unfortunately, the State’s legislation required any assets seized by law enforcement to be liquidated. However, with sell pressure finally easing, Bitcoin has steadied to post nearly 10% gains over the past week. One of the biggest factors behind Bitcoin’s late June slump has come to an end, with the German Government finally completing its BTC liquidation. The price...