Cryptocurrency - news
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 03.04.2024 20:34 On Tuesday, Proshares introduced two new offerings: the Ultra Bitcoin exchange-traded fund, sporting the ticker BITU, and the Ultrashort Bitcoin exchange-traded fund (ETF), known as SBIT. While BITU is designed to deliver two times the daily returns of bitcoin, SBIT is structured to produce double the inverse of bitcoin’s daily returns. Proshares Introduces Leveraged and […] bitcoin.com |
| 03.04.2024 20:00 A crypto analyst has identified a key technical indicator in the Shiba Inu price chart that suggests that the cryptocurrency is set to witness a major price rally to new highs. Asymmetrical Triangle Signaling SHIB Price Surge Appears A crypto analyst identified as Captain Faibik on X (formerly Twitter) has unveiled a distinctive technical pattern in Shiba Inu’s price chart. Sharing a 6-hour chart of Shiba Inu’s native token, SHIB against Tether (USDT), the analyst revealed an asymmetrical triangle pattern, which indicated that the cryptocurrency may enter a bullish trend during the first two weeks of April. Related Reading: Buying Opportunity: Crypto Institutional Investors Pump $862 Million Into The Market The asymmetrical triangle pattern is a technical indicator which displays a period of consolidation before the price of a cryptocurrency is forced to break out or down. Oftentimes, the triangle patterns are interpreted as bullish, especially if the cryptocurrency is already in an [...] newsbtc.com |
| 03.04.2024 18:30 Bitcoin prices are volatile, recently dropping from the peak of over $73,000 in March to the current spot levels. Analysts are turning to historical data for insights with mounting selling pressure and some investors being concerned about potential short-term losses. This historical analysis is crucial in determining whether we’ve reached a market top or if this is just a temporary pause before the trend resumes. Will The Depth Of This Correction Depend On This? In a post on X, one analyst said the depth of the current correction will largely depend on whether Bitcoin is “parabolic” or not. Whenever an asset registers “parabolic” prices, it means valuation has increased sharply, and, at some level, analysts think it is unsustainable. In that case, prices tend to cool off later, but after key resistance levels and even all-time highs have been broken. If this is the case, then the current cool-off could suggest the formation of a potential “first cycle top” at the March 2024 all-time [...] newsbtc.com |
| 03.04.2024 18:15 PRESS RELEASE. Road Town, BVI, April 3, 2024 – In a significant move for cryptocurrency and mobile technology enthusiasts, LBank Exchange, a premier global digital asset trading platform, has announced the listing of JizzLord (JIZZLORD) on April 1, 2024. Users of LBank Exchange can brace themselves for the JIZZLORD/USDT trading pair, which went live already. […] bitcoin.com |
| 03.04.2024 18:14 Go head-to-head with thousands of traders and claim your share of $100,000.
The post Our $100,000 Futures Market Masters competition is back! appeared first on Kraken Blog. blog.kraken.com |
| 03.04.2024 17:32 Since its launch on April 2, the Ethena governance token ENA has experienced an 80% climb in value against the U.S. dollar, ascending from an all-time low of $0.532 per token. Currently, it ranks among the top 100 coins by market capitalization, boasting a total valuation of $1.36 billion at the time of reporting. Rapid […] bitcoin.com |
 03.04.2024 17:29 Halving hype and ETF inflows have left Bitcoin miners with all-time profit margins. Firms are accumulating money in a mad dash, and reinvesting it to prepare for the imminent halving. bitcoinmagazine.com |
 03.04.2024 17:21 Coinbase is finally integrating the Bitcoin Lightning Network, promising near-instant and cheap transactions. bitcoinmagazine.com |
| 03.04.2024 17:00 The Bitcoin price took a sharp downturn recently, dipping below $67,000 and raising concerns among investors. However, a crypto analyst has encouraged the crypto community to buy more Bitcoin at this time, suggesting that the decline presents an opportunity to acquire BTC at a lower price. Bitcoin Decline Signals Prime Buying Opportunity Michael van de Poppe, a popular crypto analyst and enthusiast, has remained optimistic about Bitcoin’s future outlook, urging the broader crypto community to view the cryptocurrency’s recent dip as a buying opportunity. Related Reading: Dogecoin Hits Major Roadblock As Whales Go On Massive Selling Spree In a recent X (formerly Twitter) post, the analyst shared insights on the crypto market, noting the regular occurrence of both bullish and bearish activities, which contribute to the market’s balance and stability. He also revealed that price corrections were normal in the crypto market, independent of market performance or conditions. Poppe has [...] newsbtc.com |
| 03.04.2024 16:35 Attention is riveted on the Federal Reserve’s assembly set for May 1, with widespread anticipation that the U.S. central banking authority might lower the federal funds rate at this juncture of the year. Currently, market forecasts suggest a rate reduction is very unlikely, and Cleveland Federal Reserve President Loretta Mester has expressed her inability to […] bitcoin.com |
| 03.04.2024 16:00 The cryptocurrency market continues to feel the tremors of a brutal April Fools’ Day price crash, with XRP taking a significant hit. In the last 24 hours, a staggering $6 million in XRP contracts were liquidated, according to Coinglass data. This liquidation frenzy can be attributed to the sharp price decline experienced by XRP on April 1st. The new month began with XRP trading around $0.61. However, a domino effect triggered by Bitcoin’s plunge below $67,000 sent shockwaves through the market, dragging down XRP along with other major cryptocurrencies. Related Reading: Canine Comeback? KNINE Brushes Off 50% Loss, Gets Listed On Major Exchange Looking deeper into the liquidation data, a clear trend emerges. A whopping $5.6 million of the liquidated contracts were long positions, indicating that traders who bet on XRP’s price increasing were forced out of their positions. Conversely, short positions, which profit from price decreases, saw a significantly smaller liquidation value of [...] newsbtc.com |
| 03.04.2024 15:05 On Wednesday, bitcoin’s trade volume and overall value provided insights into its current technical situation. With a daily trading volume reaching $45.30 billion and a total market value of $1.29 trillion, the cryptocurrency’s liquidity and market breadth still stands strong. However, recent downturns have left traders wary. Currently, bitcoin has declined by 6% this week […] bitcoin.com |
| 03.04.2024 15:00 Ethena Labs’ new governance token, ENA, is witnessing a staggering 60% increase in its value, shortly after its introduction to the market. The spike in ENA’s price to approximately $0.96 has catapulted its market capitalization to nearly $1.34 billion, ranking ENA as the 80th largest cryptocurrency by market cap. This ascent followed Ethena’s strategic distribution of 750 million ENA tokens, representing 5% of its total supply, through an airdrop to holders of its USDe token. The USDe, a synthetic dollar, is central to Ethena’s offering, leveraging a blend of ether liquid staking tokens and short Ether (ETH) perpetual futures positions to maintain a target value near $1. The Ethena Labs airdrop went live 2 hours ago, with $450M of ENA to distribute. The largest $ENA recipient so far has been 0xb56, who received 3.30M ENA worth $1.96M. Track ENA on Arkham:https://t.co/coFsTcBUCa https://t.co/RSZwXLhCB6 pic.twitter.com/l6c7bqKghG — Arkham (@ArkhamIntel) April 2, 2024 At the heart of [...] newsbtc.com |
 03.04.2024 15:00 The global bitcoin mining company will harness wind and solar energy from West Texas to expand its operations. bitcoinmagazine.com |
| 03.04.2024 14:40 A study has unveiled that a notable proportion of crypto
millionaires globally are not only risking their personal information but also
lacking a fundamental understanding of crucial procedures regarding asset
transfer and Know Your Client (KYC) regulations. The study was conducted by
Owner.One, a company specializing in asset management and inheritance planning.Analyzing data from 8,000 families across 18 countries
spanning Africa, the Middle East, Asia, the EU, the UK, and North America,
Owner.One uncovered alarming trends contributing to the accumulation of
hundreds of millions of dollars in unclaimed cryptocurrency assets globally. Alarming Disruption in Crypto Ownership ContinuityShockingly, in 91% of cases involving the transition from
fiat currency to cryptocurrency and back, there is a disruption of ownership
continuity, leading to complications in asset management and access. Despite
the critical nature of safeguarding asset-related data, 87% of respondents are
unaware that [...] financemagnates.com |
| 03.04.2024 14:00 Bitcoin ETF outflows are on the rise once again after a change in the tide last week. These outflows, given the ETFs’ correlation with the Bitcoin price, have a substantial impact on how well the cryptocurrency performs over time. So, as outflows are ramping up, will it trigger a crash in the BTC price? ARK Invest And Grayscale Lead Outflows While Grayscale’s Spot Bitcoin ETF has been the natural culprit for ETF outflows due to its high fees, another fund has joined the trend in a surprising turn of events. Cathie Wood’s ARK Invest saw a substantial outflow from its ETF, leading to a new record for the investment firm. Related Reading: Solana Whales Are Making Moves – Here’s The Direction They’re Headed In The Ark 21Shares Fund (ARKB) saw a record $87.5 million leave its fund on Tuesday, April 2. Interestingly, the fund’s outflows were even higher than that of Grayscale, which saw around $81.9 million in outflows in the same day. For both these funds, it marked the second consecutive [...] newsbtc.com |
| 03.04.2024 13:32 Faruk Fatih Ozer, the ex-CEO of the now-defunct Turkish
cryptocurrency exchange Thodex, has been handed a staggering prison term for
defrauding investors. He has now begun serving his time behind bars. Ozer's conviction has been served after a prolonged legal battle
stemming from the collapse of Thodex in 2021, during which he absconded with
millions of dollars worth of investors' assets.Turkish Court Hands Lengthy SentencesOzer, who fled to Albania following the collapse of Thodex, was recently
extradited to Turkey to face charges related to money laundering, fraud,
and organized crime. In a ruling that sent shockwaves through Turkey's
financial and cryptocurrency sectors, a Turkish court sentenced Ozer to an
astonishing 11,196 years in prison for his involvement in the fraud scheme.Notably, Ozer's brother and sister were implicated in
the fraudulent activities and were handed similarly lengthy prison terms by the
court. The magnitude of Ozer's sentence is partly attributed to the [...] financemagnates.com |
| Standardization of Blockchain Data Format Enhances Interoperability Between Chains – Nick Yushkevich 03.04.2024 13:31 According to Nick Yushkevich, standardization of blockchain data formats is crucial as it enhances the interoperability of distinct protocols and fosters broader adoption of the technology. Yushkevich, the director of product at blockchain infrastructure provider Quicknode, added that such standardization helps to improve communication between systems. Unlocking the Full Potential of Blockchain Data Yushkevich stated […] bitcoin.com |
| 03.04.2024 13:00 PRESS RELEASE. Byte Federal, a leading company in the global financial technologies space, is proud to announce the official launch of its point of sale (POS) system, ByteConnect. This product launch marks a significant expansion of Byte Federal’s “fintech focused” services, showcasing a commitment to building a full suite of financial tools for economic freedom. […] bitcoin.com |
 03.04.2024 12:59 Spot bitcoin ETFs saw record trading volume of $111 billion in March, nearly triple February's total, indicating strong demand for the new products. bitcoinmagazine.com |
| 03.04.2024 12:11 Shiba Inu (SHIB), the popular dog-themed meme coin, is experiencing conflicting signals amidst the recent crypto market slump. While the burn rate, a metric indicating the rate at which tokens are permanently removed from circulation, skyrocketed by over 4,000% in the past 24 hours, the token’s price continues to decline. Related Reading: Canine Comeback? KNINE Brushes Off 50% Loss, Gets Listed On Major Exchange This surge in burning activity, primarily attributed to the destruction of over 154 million SHIB tokens, has ignited a spark of optimism within the SHIB community. The burning process aims to reduce the overall supply of SHIB, potentially leading to scarcity and a subsequent price increase. Additionally, the community burning large amounts of tokens signifies their confidence in the project’s future. In the past 24 hours, there have been a total of 154,999,579 $SHIB tokens burned and 4 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens [...] newsbtc.com |
| 03.04.2024 11:45 PRESS RELEASE. HanChain (HAN) went live on MEXC, a top 10 global cryptocurrency exchange, at 5:00 AM UTC on April 3, 2024. In addition to the listing, the HanChain project also launched its mobile staking version, coinciding with LBANK’s Grid Trading Competition and Flexible Staking Service. HanChain is a dual cryptocurrency project designed for real-life […] bitcoin.com |
| 03.04.2024 11:19 Deribit FZE, an entity owned by crypto derivatives platform Deribit, has secured a conditional virtual asset service provider from the Dubai virtual assets regulator. The license, which covers spot and derivative trading, will remain non-operational until Deribit meets the regulator’s localization requirements. Meeting Dubai’s Localization Requirements Deribit FZE, a wholly owned entity of the crypto […] bitcoin.com |
| 03.04.2024 11:07 The Aave Risk Framework Committee (ARFC) has proposed adjustments to the risk parameters of the dai (DAI) stablecoin to mitigate potential risks associated with Makerdao’s aggressive expansion of the DAI credit line. The proposal, initiated by the Aave Chan Initiative (ACI) team, suggests setting the loan-to-value (LTV) ratio for DAI to 0% across all Aave […] bitcoin.com |
| 03.04.2024 10:40 Recent Bitcoin price volatility in Asia has been closely linked to automated trading algorithms that monitor flows in US exchange-traded funds (ETFs). According to Bloomberg, this algorithmic trading response to daily US ETF flow data is causing pronounced swings in Bitcoin prices during Asian trading hours. Trading Algos Spoil The Bitcoin Price The trigger for Bitcoin’s steep decline, marking its worst drop in a month, was observed on Tuesday morning in Asia. This downturn coincided with the release of US ETF flows data, which indicated a net withdrawal of investments. Shiliang Tang, president of Arbelos Markets, highlighted the impact of algorithmic trading on these market movements. “From an algorithmic trading perspective, bots can basically auto-scrape this data and buy and sell based on this,” Tang explained. “It seems that’s basically what is happening.” Related Reading: Bitcoin Supply In Loss Hits 10% After Crash: What Happened Last Time The introduction of several Bitcoin [...] newsbtc.com |