Cryptocurrency - news

The Bitcoin network mining difficulty has surged nearly 4% to hit an all-time high just a few days before the highly anticipated Halving event. This adjustment, recorded at 86.4 trillion, marks a crucial milestone in the cryptocurrency’s history. Decrypting Bitcoin’s Mining Complexity Notably, Bitcoin mining difficulty measures miners’ complexity in solving mathematical puzzles to validate transactions and add new blocks to the blockchain. Related Reading: Bitcoin To Go ‘Ballistic’ After Halving, Says Top Analyst – Here’s Why This latest surge reflects the increasing computational power dedicated to securing the network as miners brace themselves for the impending Halving event scheduled for April 20. As the mining difficulty continues to soar, miners ramp up their hash rate, representing the total computational power contributed to the network. This surge in hash rate underscores the growing interest and investment in Bitcoin mining infrastructure, highlighting miners’ commitment to [...]

XRP has witnessed an alarming amount of liquidations in the last 24 hours. This has no doubt caused concerns in the XRP community, considering the impact that the derivatives market has on a crypto’s price.  $1.32 Million XRP Positions Get Liquidated  Data from Coinglass shows that $1.32 million has been liquidated from the XRP market in the last 24 hours. Long positions account for a majority of these liquidations, with $1.04 million in long positions being wiped out during this period. This underlines the bearish sentiment plaguing the XRP ecosystem, with the bears firmly in control.  Related Reading: Analyst Says Bitcoin Halving Influence Is No Longer Driving Price, Here’s What Is This bearish outlook is also evident in several other key metrics in the XRP derivatives market. For instance, the total trading volume and open interest have dropped by 36.90% and 2.69%, respectively, which suggests that crypto investors are choosing to stay out of the XRP market. Meanwhile, there has [...]

Since the onset of 2024, the Bitcoin ecosystem has seen an influx of capital flowing into startups. Data gathered by Coin98 Analytics from the web portal crypto-fundraising.info, reveals that over the past few months, 43 Bitcoin-centric projects have secured funding from key investors. Startups Dedicated to the Bitcoin Ecosystem Gather Significant Capital Injections A fresh […]

Once again, the price of Bitcoin rose bullishly, breaking through the $70,000 barrier, demonstrating strength for an upward movement. Bitcoin At $82,000 Remains The Target Following the recent recovery observed today, Crypto Jelle, a popular cryptocurrency expert and Bitcoin enthusiast, has made a bullish forecast for the crypto asset, citing the $82,000 level in the short term. Crypto Jelle highlighted that after a fakeout, Bitcoin retested the cycle highs of 2021, bounced, and then broke out once more. According to the analyst, BTC now has just one more obstacle to surpass as a result of the retest. Related Reading: Are The Odds In Bitcoin Bulls Favor? These Analysts Forecast BTC’s Future Furthermore, he affirms that the race toward new highs will begin when the largest cryptocurrency asset manages to break and hold over $71,500. As a result, the crypto analyst anticipates a rally soon, placing the coin’s next target at around $82,000. Jelle has addressed a pressing issue in the [...]

With Bitcoin being the best-performing asset of the year more often than not during the last 15 years, many investors want to gain exposure but doing so can be tricky.For retail and institutional investors alike, questions of regulatory and tax compliance can be puzzling. Then, there’s the challenge of learning to navigate a new ecosystem. Using exchanges, sending transactions, and taking custody of coins can take significant time to learn.Fortunately, there are ways to gain exposure to Bitcoin without purchasing and holding the asset itself. This can be done in a standard brokerage or retirement account.This article will explore the avenues available for tapping into the Bitcoin market in this way, including exchange-traded Funds (ETFs), public companies with Bitcoin holdings, and mining companies.Bitcoin ETFs: A Gateway to Cryptocurrency MarketsETFs in general have become a popular vehicle for investors looking to diversify their portfolios without directly purchasing the underlying [...]

U.S. spot bitcoin exchange-traded funds (ETFs) garnered $123.7 million in positive inflows during Wednesday’s trading. Grayscale’s Bitcoin Trust (GBTC) experienced a decline in its bitcoin holdings, decreasing from 318,451.70 to 316,193.43 bitcoins. ETF Analyst Notes Historical Inflow Streak in 2 Bitcoin ETFs, Eyeing Record On Wednesday, U.S. spot bitcoin ETFs reversed a two-day trend of […]

With Hong Kong asset managers somewhat reluctant to submit applications for the new ETF, a series of multibillion-dollar firms from Mainland China have entered the market.

Bitcoin startups raised $301 million through all of last year alone.

The stablecoin issuer First Digital Labs has announced its intention to debut its dollar-pegged token FDUSD on the Sui network. This collaboration is described as a “strategic alliance aimed at enhancing liquidity and efficiency of transactions.” FDUSD to Integrate With Sui Blockchain First Digital Labs, the issuer and asset manager of the fourth-biggest stablecoin in […]

Major Wall Street institutions like Park Avenue Securities and Inscription Capital bought into spot bitcoin ETFs in Q1 according to just-released SEC 13F filings.

A database with the personal information of over 5 million Salvadorans was recently leaked in a data breach forum. The database, which has been around since August and has recently been linked to Chivo, El Salvador’s national cryptocurrency wallet, has 144GB of data, including the full name, unique identity number, date of birth, address, and […]

Matthew White, the CEO of Dubai’s Virtual Asset Regulatory Authority (VARA), has voiced intentions to alleviate regulatory pressures on smaller cryptocurrency entities. Speaking at a regulatory panel during the Paris Blockchain Week, White acknowledged the imperfections in current crypto regulations and emphasized the need for improvements, particularly to support smaller players in the industry.Proposed Measures for Crypto Industry Collaboration on ComplianceWhite highlighted the significant financial strain associated with regulatory compliance, particularly for smaller businesses lacking adequate resources. He expressed VARA's focus on exploring solutions to mitigate these challenges, aiming to create a regulatory environment that accommodates all participants.Among the proposed measures is a concept where larger players in the crypto space could provide support to smaller entities by shouldering a portion of their compliance costs. This model would allow smaller businesses to [...]

Everyworld, the Coinbase and A16z-backed Web3 advertising network, is set to start its community airdrop in the week of April 15th. Users who wish to participate in the airdrop must not be U.S. citizens or residents of 25 other countries, including Australia, China, and Russia. The Web3 rewarded ads protocol follows a similar model by […]