Cryptocurrency

Mow, the CEO of JAN3, a company dedicated to accelerating Bitcoin adoption through infrastructure development and financial services, has consistently shared positive predictions about its future. He bases his predictions on the current Bitcoin supply and demand dynamics, emphasizing that the demand for cryptocurrency far exceeds its available supply.One of the key factors Mow emphasizes is the role of spot bitcoin ETFs. These financial instruments, which allow investors to access BTC without directly owning the asset through the traditional markets. According to the latest data, Bitcoin ETFs currently hold more than one million Bitcoin, which is approximately 5% of the total amount of the circulating supply. In addition to ETFs, Mow also highlighted the substantial inflow of Bitcoin into exchanges as another indicator of robust demand.Even if his main theory does not prove to be accurate, Mow notes the importance of the “Veblen effect” in the case of Bitcoin. The Veblen effect is a phenomenon whereby the demand for a commodity increases as its price increases, which is contrary to standard economic theory. This effect suggests that rising prices can spark interest and investment in BTC.Currently, the price of Bitcoin is hovering around $68,000, a decline of slightly more than 0.6% since the beginning of the day. Despite this decline, the cryptocurrency is still close to its all-time high of $74,000.This article was originally published on U.Today More

Back in 2021, Bitcoin experienced a significant rally, reaching an all-time high of over $64,000 in April and then peaking again at nearly $69,000 in November. During these periods, Bitcoin’s performance against gold was particularly notable, with many analysts and investors drawing comparisons between the two assets as stores of value.Fast forward to March 2024, when Bitcoin rose to $73,750 based on optimism surrounding the Bitcoin halving events and the introduction of Bitcoin ETFs. However, the cryptocurrency has yet to reclaim its previous peak against the traditional safe-haven asset.Brandt pointed this out in a recent tweet, saying that on an inflation-adjusted basis and also in relationship to gold, Bitcoin has not penetrated the 2021 highs despite the halving and ETFs.Bitcoin has been steadily outperforming gold in recent months, reflecting increasing investor confidence in the digital asset’s long-term value proposition. This is seen in the BTC/gold chart presented by Brandt, which highlighted Bitcoin’s strides in gaining ground against gold.However, despite the impressive performance, Bitcoin has yet to break the highs it achieved in 2021. Brandt highlighted the significance of Bitcoin surpassing its 2021 peak, saying “New highs are needed to confirm the bull trend.”At the time of writing, BTC was down 0.4% in the last 24 hours to $67,670.In ETF-related news, BlackRock (NYSE:BLK)’s iShares Bitcoin Trust has grown to become the world’s largest fund for the original cryptocurrency, with about $20 billion in total assets since its listing earlier this year.According to Bloomberg data, the exchange-traded fund had $19.68 billion of the token on Tuesday, dethroning Grayscale Bitcoin Trust, which had $19.65 billion.This article was originally published on U.Today More

As the cryptocurrency markets continue to exhibit bullish behavior, CryptoHeap, a frontrunner in cryptocurrency staking services, is excited to announce its commitment to providing 24/7 support for all investors throughout this volatile period. This round-the-clock support is designed to assist stakers in navigating the complexities of the market, ensuring they can make the most of their investments regardless of their experience level or the amount staked.Salvage Warwick, spokesperson for CryptoHeap, emphasized the importance of reliable support during these periods of intense trading activity. “The crypto market’s fast pace, especially evident during a bull run, demands equally responsive support services,” said Warwick. “Our aim is to provide continuous, comprehensive assistance so that every investor has the resources they need to succeed.”During a bull run, the value of cryptocurrencies can increase significantly, attracting both seasoned traders and new participants eager to capitalize on potential gains. This influx can lead to increased volatility and trading volume, making knowledgeable support crucial for investor confidence and staking success.CryptoHeap’s dedicated support team is well-equipped to handle various inquiries, from basic operational questions to complex trading strategies, ensuring that stakers feel secure and supported in their investment decisions. The platform’s commitment to accessibility and user satisfaction is evident in its swift response times and personalized assistance, which are maintained across all levels of investment.The support provided by CryptoHeap is more than just troubleshooting; it includes educational resources that help investors understand market trends, the mechanics of crypto staking, and effective risk management. This educational approach empowers stakers to make informed decisions, enhancing their potential for profitability.”Investor education and support are at the core of what we do,” Warwick continued. “We believe that an informed investor is a successful investor. That’s why we have invested heavily in building a support system that not only resolves issues but also educates our users about the nuances of cryptocurrency investments.”CryptoHeap’s platform is designed to be user-friendly, catering to both novice and experienced investors. Features such as detailed transaction histories, real-time earnings updates, and customizable alert systems make managing investments straightforward and effective. The platform’s security measures, including advanced encryption and two-factor authentication (2FA), protect stakers’ assets against unauthorized access.The introduction of 24/7 support is part of CryptoHeap’s broader strategy to enhance user engagement and trust. By ensuring that support is available at any moment, the platform aligns its services with the non-stop nature of the cryptocurrency markets, positioning itself as a reliable partner for investors looking to stake their digital assets.As the bull run continues, CryptoHeap invites new and existing investors to take advantage of its enhanced support services and explore the various staking opportunities available on the platform. For those interested in joining or learning more about CryptoHeap’s offerings, detailed information can be found on the company’s website at https://cryptoheap.com/.About CryptoHeapCryptoHeap is a leading provider of cryptocurrency staking services, known for its secure, reliable, and innovative solutions. The platform aims to support investors throughout their cryptocurrency journey, focusing on accessibility, profitability, and customer satisfaction. Investors can explore these innovative staking options by visiting CryptoHeap’s official website at https://cryptoheap.com/.CryptoHeap is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.ContactSalvage WarwickCryptoHeapsalvage@cryptoheap.comThis article was originally published on Chainwire More

Agora brings to Sui an exceptional blend of technology, financial markets, and operations experience paired with blue-chip traditional finance partners and backers.Sui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, announced the launch of stablecoin AUSD on the network, set to occur in July 2024. With this strategic deployment, which is only available on select chains, AUSD becomes the second native stablecoin within the Sui ecosystem as the number of native assets on the network rapidly grows. Agora is led by early-stage finance and technology industry veterans Nick van Eck, Drake Evans, and Joe McGrady.Integrating AUSD on the Sui Network enhances the utility and accessibility of both platforms, fostering a more inclusive and interoperable financial ecosystem. The collaboration introduces additional liquidity, simplifies transactions, and improves market efficiency. Moreover, Sui’s fast-expanding DeFi environment, boasting over $700 million in Total Value Locked (TVL) and a top 10 ranking in weekly DEX trading volume, provides a robust foundation for AUSD’s success.Unique among stablecoins, Agora is upending existing rent-seeking models, approaching the market from a compliant, customer-first perspective. ContactSui Foundationmedia@sui.ioThis article was originally published on Chainwire More

Hoskinson’s praise extends beyond Bitcoin to encompass the entire cryptocurrency ecosystem, which has grown exponentially over the past decade.However, advancements in cryptocurrencies are not a sudden phenomenon but rather the result of five decades of research and developments in various fields, including cryptography, computer science and network theory.From the development of public key cryptography in the 1970s to the creation of peer-to-peer networks in the early 2000s, these advancements have collectively paved the way for the emergence of blockchain technology.”Great ideas aren’t the product of sudden inspiration but rather a gradual connection of decades of concepts and progress. Bitcoin and the broader cryptocurrency industry are the end result of five decades of innovation,” Hoskinson wrote.Hoskinson, who also cofounded Ethereum, illustrated this, sharing an image captioned “Bitcoin and the rise of cypherpunks,” which showed a steady progression of technologies, from cryptography in the 1970s to the emergence of proof of work, smart contracts and peer-to-peer networks, to the launch of Bitcoin in 2009. Each step along the way has been crucial in building the foundation for what we now know as the cryptocurrency industry.The interim period starts after the impending Chang upgrade. Cardano then enters a technical governance bootstrapping phase, which includes bringing DReps and others on-chain.The interim phase also involves constitution drafting and will expire in early 2025, when a final on-chain version is ratified.This article was originally published on U.Today More

The analysts comment “HEICO reported F2Q EPS of $0.88 vs. our and the consensus estimate of $0.81 on better revenue of $955m (consensus $951m and our $941m estimate). F2Q was a clean quarter with gross income, operating income, EBITDA and net income all outpacing our expectations on the back of better results in ETG (sales +12% q/q, +4% organic y/y) and FSG (sales +5% q/q, +12% organic y/y and +21% for aftermarket replacement parts). Operating margin rose 180bps sequentially to 21.9%, which was solidly ahead of expectations and helped drive a 9% EPS beat when paired with slightly higher sales. That improvement in operating margin was a function of both segments improving profitability, but ETG improved more q/q. The growth trajectory doesn’t appear to be changing much for HEICO, and we think rising estimates will help momentum as investors balance a very strong aftermarket position with uncertainty around future air travel demand.” More

LAKE (LAK3), a pioneering Web3 ecosystem dedicated to transforming the global water economy through blockchain technology and the LAK3 token, is excited to announce its participation in Consensus 2024, taking place from May 29 to 31 in Austin, Texas. Ahad Ali, LAKE’s Director of Communications, will be a featured speaker at the event, highlighting the role of blockchain in the future of water.Consensus 2024 is one of the most anticipated blockchain and cryptocurrency conferences, bringing together industry leaders, innovators, and enthusiasts to explore the latest advancements and opportunities in the blockchain space. LAKE’s participation underscores its commitment to integrating blockchain solutions for water accessibility on a global scale.Ahad Ali to Address Global Water ChallengesDuring the conference, Ahad Ali will deliver a keynote presentation on the innovative use of blockchain technology to address global water challenges on May 30th at 3pm on the Spotlight Stage. His talk will focus on how LAKE (LAK3) leverages blockchain to turn people into active participants in the water economy, ensuring transparency, efficiency, and equity in water distribution.Engage with LAKE at the ConferenceAttendees of Consensus 2024 are encouraged to visit LAKE’s booth, where they can meet the team, learn more about the project, and discover how LAKE is paving the way for the future of water. The team will also be available to discuss potential partnerships and collaborations.LAKE’s RWA (Real-World Assets) solutions provide a practical and impactful use case for blockchain technology. By tokenizing water resources, LAKE enables secure, transparent, and equitable management of water assets, making a significant contribution to addressing global water scarcity.For more information about LAKE and its participation in Consensus 2024, users can visit lak3.io.About LAKELAKE is an innovative Web3 ecosystem facilitating a fair and decentralized access to water worldwide. This is the first project to bring a clear, transparent and decentralized ecosystem changing the way we interact with water, from purchasing, warehousing, to distributing, consuming and even donating it. With a mission to connect millions to Web3, LAKE sparks transformative change in how we perceive and manage this increasingly scarce vital resource.Users can learn more about LAKE (LAK3) at https://lak3.io and of their participation in London Blockchain Conference at https://londonblockchain.net/en/partners/sponsors.ContactMedia and Event ManagerCherence de BeneyLAKE (LAK3)cherence@lak3.ioThis article was originally published on Chainwire More

Schiff suggested a hypothetical scenario where all publicly traded U.S. companies liquidate their assets, cease operations and invest the proceeds entirely in Bitcoin.He claimed this would cause each Bitcoin to be worth millions, dramatically increasing the market capitalization of U.S. stocks and making everyone wealthy.Schiff extended his satirical narrative by addressing his own investments, particularly in U.S. oil stocks. He implied that if these companies followed suit and converted their assets to BTC, their stock values would skyrocket, enriching investors like himself. He underscored the absurdity by noting that, while this would make everyone theoretically rich, there would be no actual goods or services remaining.In contrast, Schiff has consistently criticized Bitcoin, describing it as a bubble and a scam lacking intrinsic value.Despite Schiff’s critique, Bitcoin’s price continues to quote around $68,000 per coin. At the start of the day, Bitcoin’s price saw a decline of over 1.5%. The cryptocurrency remains within striking distance of its all-time high of $74,000, 9% short of this peak.This article was originally published on U.Today More