In the dynamic landscape of cryptocurrency, where innovation drives market trends and investors seek the next big opportunity, predictions about the direction of the market hold significant weight. As anticipation builds for the anticipated 2024 bull run, a groundbreaking forecast has emerged from the realm of artificial intelligence: Cogwise AI predicts that AI projects will […]
The chief executive of market insights platform Fundstrat is doubling down on his bold year-end prediction for Bitcoin (BTC). In a new interview on CNBC, Tom Lee says BTC is controversial because it “represents trust in a trustless world,” which makes it difficult to stomach for older investors who are used to private banks and […]
An ailing New York bank just announced an injection of $1 billion in capital in a push to stay afloat. New York Community Bank says the infusion was led by former U.S. Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital, as well as Hudson Bay and Reverence Capital. In a press release, Mnuchin says he believes […]
CoinSwitch, a leading cryptocurrency trading platform in India, has reached a significant milestone by surpassing 2 crore registered users, …
TL;DR The Bitcoin halving implies a 50% reduction in miner rewards, creating a crucial moment for them in the market-leading cryptocurrency. Fidelity Digital Assets warns miners about the need to be proactive in maintaining their position after the halving. Miners must adapt to the immediate reduction in income and constantly seek ways to increase their […]
TL;DR Long-term Bitcoin holders, who have retained their coins for at least 155 days, are increasing distribution pressure with 257,000 BTC spent per month. These holders now possess a record-breaking 75% of the actively circulating supply of Bitcoin. The amount of Bitcoin held in various wallets has seen a significant increase this month, with an additional 62,882 […]
Robinhood has listed BONK for trading on its platform, with price skyrocketing
Binance.US, the US-incorporated unit of Binance that operates independently from the global parent, laid off two-thirds of its staff, around 200 employees, following the actions of the Securities and Exchange Commission’s (SEC) action last year, Coindesk reported. In a recently filed court document, the crypto exchange highlighted that $1 billion in assets were moved from […]
Bitcoin reached a fresh all-time peak, surpassing $69,300 this week, only to swiftly correct by over 10%. Prior to this event, the open interest in Bitcoin futures and perpetual pairs surged to unprecedented levels. Despite Bitcoin’s overall gain of almost 55% in the past month, the sudden drop in its value has left investors uncertain […]
Dogecoin (DOGE) has solidified its position as the eighth-largest cryptocurrency by market capitalization, leaving industry observers amused and sparking humor from Cardano’s founder, Charles Hoskinson. The memecoin experienced a substantial upswing, propelling its market cap to approximately $28 billion, surpassing Cardano’s $27 billion valuation. Related Reading: Bitcoin On The Brink, Price Soars Above $68,000 – […]
Bitcoin reached a new all-time high of USD $69,170.63 before experiencing an 11% correction, indicating increased buying opportunities according to analysts. One analyst suggests the pre-halving high for Bitcoin is likely in, predicting a significant market cycle, potentially a “supercycle.” Others believe the current market phase is just the warm-up phase, with great potential ahead […]
The cryptocurrency market has been abuzz with excitement as Yes Token ($YES) experiences a remarkable surge, witnessing a staggering increase of over 60% in value within the past 24 hours. This surge comes as Yes Token emerges as the first ERC420 token utilizing Baseline’s automated tokenomics, built on the blast contract. On-chain reports from Lookonchain […]
Digital Currency Group (DCG) has submitted a request to the court to drop the legal action taken against it by New York Attorney General Letitia James. DCG argues that it’s “wrongfully” depicted and maintains that the lawsuit is nothing but a “thin web of baseless innuendo.” DCG Challenges NYAG’s Legal Action Last year, the New […]
the crackdown on cryptocurrency is not just from the executive, the National Assembly seems to be sending mixed signals.
Crypto analyst Ali Martinez weighs in as chances of Bitcoin price correction loom
TL;DR The upcoming Ethereum upgrade, called Dencun, is eagerly anticipated by the community. ETH staked on the Beacon Chain has experienced a significant increase, reaching a total of 31.387 million ETH, valued at approximately $116 billion. Dencun promises to improve transaction speed and profitability on the network, addressing concerns about scalability and efficiency. The crypto […]
TL;DR Record Trading Volume: U.S. spot Bitcoin ETFs hit a new record with $10 billion in trading volume on March 5, as Bitcoin’s price soared to an all-time high of over $69,000. Top Performers: BlackRock’s iShares Bitcoin ETF (IBIT) led the pack with $3.7 billion in volume, followed by Grayscale Bitcoin Trust and Fidelity Wise […]
Bitstamp, a European cryptocurrency exchange, has secured in-principle regulatory approval from the Monetary Authority of Singapore (MAS). It positions Bitstamp as the first major European crypto exchange to receive such approval in Singapore, signaling a new era of expansion in the region. MPI License Enables Digital Payment Token Services in Singapore The approval comes in […]
Fetch.AI (FET) has demonstrated remarkable performance in the crypto market today, securing its position among the top-three performers. The asset witnessed an impressive 17% gain within the last 24 hours, marking a significant milestone by crossing the $2 threshold for the first time ever. This surge, propelling Fetch.AI to the 64th place among the top […]
The United States Securities and Exchange Commission (SEC) has once more postponed its decision to approve or deny the applications for spot Ethereum exchange-traded funds (ETFs) submitted by BlackRock and Fidelity. The latest delay comes weeks after the agency greenlighted several Bitcoin ETFs that have since gained massive traction. SEC Delays Decision on Ethereum ETFs […]
Global investment giant BlackRock filed a prospectus with the U.S. Securities and Exchange Commission on Monday that laid out the firm’s plan to add new Bitcoin exchange-traded funds to its strategic portfolio. Dubbed the Strategic Income Opportunities Fund, BlackRock will include investments in Bitcoin among its other offerings, highlighting the risks of each. “The fund […]
A widely followed cryptocurrency analyst and trader is predicting one Ethereum (ETH) rival’s ecosystem will see massive memecoin rallies. The analyst pseudonymously known as Kaleo tells his 624,300 followers on the social media platform X that memecoin activity on the Avalanche (AVAX) blockchain could send the project soaring. “Bros didn’t want to listen about how […]
The Ethereum market has witnessed a remarkable surge, with the price surpassing the $3,700 mark, mirroring the upward trend observed in Bitcoin, which recently soared above $68,000. Ethereum ($ETH) is demonstrating significant strength, showcasing a staggering 54% increase over the past four weeks, marked by a series of bullish candles dominating the weekly chart. Amidst […]
Ten spot bitcoin exchange-traded funds (ETFs) shattered their trading volume record on Tuesday, reaching a staggering $10 billion. Blackrock’s Ishares Bitcoin Trust (IBIT) continues to dominate, surpassing $11 billion in assets under management (AUM) and accumulating over 170,000 bitcoins. Record Volume Day for Spot Bitcoin ETFs Ten spot bitcoin exchange-traded funds (ETFs) extended their record-breaking […]
Bitcoin (BTC 0.56%) is the world's largest cryptocurrency. It has a market capitalization of $1.3 trillion as of this writing, so it accounts for …
Glassnode’s cofounders weigh in on recent Bitcoin price dynamics
Binance, the world’s largest crypto exchange by trading volume is discontinuing support for the largest economy in Africa’s national currency. Late last week, the government of Nigeria demanded nearly $10 billion from Binance, alleging that the crypto exchange manipulated the exchange rate of its fiat currency. According to local reports, the Nigerian government slapped Binance with […]
Crypto analyst and trader Ali Martinez is predicting that a decentralized exchange (DEX) altcoin will soon have a breakout. Martinez tells his 49,400 followers on the social media platform X that GMX seems to be forming a bullish trend reversal pattern that could send it soaring more than 60% from the current value. “GMX is […]
TL;DR Hoskinson reaffirms leadership in Cardano and dispels rumors of departure. Hoskinson’s active participation on social media reassures the community. The Midnight project aims to protect data on the blockchain and does not indicate a shift in IOHK’s focus towards Cardano. Charles Hoskinson, the CEO of IOHK and the mind behind Cardano, has confirmed his […]
Revolut, the digital banking platform, has unveiled a strategic collaboration with MetaMask, the self-custodial wallet, to introduce a feature known as Revolut Ramp. This offering allows users to replenish their MetaMask wallets directly from their Revolut accounts. Visa and Mastercard Flexibility for Crypto Transactions The integration aims to simplify the process of adding cryptocurrencies to […]
The Solana decentralized finance (DeFi) sector is experiencing a period of phenomenal growth, with decentralized exchanges (DEXes) witnessing record-breaking trading volumes and the native token, SOL, reaching a new 20-month high. However, amidst the euphoria, experts advise caution due to potential market risks. Solana: ‘Greed’ Index While Solana’s DeFi landscape flourishes, it’s crucial to acknowledge […]
Binance has announced its plans to halt its services involving the Nigerian Naira (NGN) due to heightened regulatory attention from authorities in Nigeria. The crypto exchange said that it will remove all current NGN pairs by Thursday, and any remaining NGN balances will be transformed into USDT by Friday. According to the official blog post, […]