Core Ignition Drop Claiming Guide

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 The Core Ignition Drop, which started the rewards claim on June 10, 2024, allows Coretoshis (Core Community) to unlock incentives for their contributions and engagement in the Core Blockchain. The Incentives claimed by the participating community are based on their activities up from the day they join the program until the snapshot is taken. In this article, I will discuss how to participate in the Core Ignition Drop, its benefits, and more. What is Core Ignition? Core ignition is an incentive program developed by the Core Foundation to jumpstart the growth of the DeFi ecosystem on Core Blockchain, the program started on March 11th, 2024, and will continue for six months, providing ample time for users to participate and reap the benefits, rewarding the community for their contributions to the network. By participating, users can earn rewards while simultaneously helping to fuel the growth and adoption of the Core ecosystem. The Core Ignition Program is for both ecosystem users and We
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Bitcoin Price Rose Sharply Above $7,000 on Tuesday by Almost 10% in Just One Hour

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The bitcoin price rose sharply on Tuesday, climbing past $7,000 and rising to its highest since June as strong momentum drove gains.

Bitcoin

The digital currency's price hit $7,440.25 on the CoinDesk Bitcoin Price Index (BPI), up an 11.7% gain from the daily low of $6,663.03.

By reaching this level, Bitcoin attained its highest price since June 10, and was up 28.6% from the recent low of $5,785.43, additional BPI figures show.

Some factors people believed could have boost Bitcoin Price

The appointment of David Solomon as the new chief executive of US investment bank Goldman Sachs, who's currently the firm's current chief operating officer. Last month Solomon said Goldman is looking into adding further bitcoin and cryptocurrency services.

He will take over from current Goldman CEO Lloyd Blankfein in October.

Many bitcoin faithful are hoping that as the mainstream financial services industry bets on bitcoin, the price will rise back to levels last seen in December last year and possibly higher.

Other things that have been pushing up the price of bitcoin and other cryptocurrencies in recent days

BlackRock's interested in bitcoin and crypto

the world's biggest asset manager BlackRock has set up a working group to investigate ways it can take advantage of the fast-growing bitcoin and cryptocurrency market.
BlackRock exploring crypto assets comes as no surprise and is definitely a positive development for the crypto market. As the largest asset manager in the world, its interest in crypto assets could be a catalyst for upward price movement and encourage other asset managers, even with more consevative strategies, to seriously explore investing in the crypto space, "said Chris Yoo, portfolio manager at Black Square Capital.
FSB backs bitcoin

An international financial watchdog, the Financial Stability Board (FSB), released a report that found bitcoin and cryptocurrencies do not currently pose a material risk to the global financial system.


According to a report published by the watchdog, cryptocurrencies "do not pose a material risk to global financial stability at this time."

Meanwhile, the FSB - which has members from the G20 major economies, the European Commission - said it planned to monitor cryptocurrency assets at banks and the world's largest financial systems.


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