Cryptocurrency - news

Dogecoin has been one of the best performers over the past year, consistently holding up gains even through market dumps. However, after the meme coin’s rally in March and then the subsequent dump in April, it looks like investors, especially whales, are finally getting ready to start taking profit. This is evidenced by a number of large DOGE transactions that were flagged going into exchanges over the last day. Dogecoin Whales Move 800 Million DOGE To Exchanges The movement of coins to centralized exchanges can be very bearish for the price of a cryptocurrency. This is because the move to centralized exchanges often points to a selling spree as investors look to take advantage of the deep liquidity that is provided by these exchange platforms. This reason is why the massive amounts of DOGE tokens being sent to centralized exchanges are concerning for the community. Related Reading: Bitcoin ETF Issuers Push Holdings To 4.27% Of BTC Supply Amid Crash To $61,000 Over the course of the [...]

Norway plans to regulate cryptocurrency mining activities in the country by restricting data centers. Two government officials intend to propose a new law that will bring the data center industry under regulatory oversight for the first time in Norway.According to the media outlet VG, Norway's Digitalization Minister, Karianne Tung, and the Energy Minister, Terje Aasland, mentioned that this initiative is driven by the government's desire to control and limit projects deemed undesirable, such as cryptocurrency mining, which is associated with significant greenhouse gas emissions.Regulating "Unwanted" Crypto ActivitiesNorway will become the first country in Europe to implement comprehensive regulations for data centers, focusing on controlling energy-intensive activities like cryptocurrency mining. The expected regulation requires crypto mining operators to register with local authorities and disclose the services offered.Tung mentioned: “The government requires a registration [...]

Following Hong Kong’s authorization of the region’s first spot bitcoin and ethereum exchange-traded funds (ETFs), Bloomberg’s senior ETF analyst Eric Balchunas shared his insights on social media about the new additions. Although there were anticipations of notable capital inflows into the Hong Kong ETFs, Balchunas mentioned that while it’s a positive step forward, he emphasized […]

Bitcoin has found a rebound back above the $66,000 mark following a drop towards the on-chain cost basis of the short-term holder whales. Bitcoin Drawdown Had Nearly Put Short-Term Whales Under Pressure As pointed out by an analyst in a CryptoQuant Quicktake post, BTC’s price had neared the Realized Price of the short-term holder whales during the recent drop, but had still managed to remain above the level. The “Realized Price” here refers to an on-chain indicator that, in short, keeps track of the cost basis (that is, the acquisition price) of the average investor in the Bitcoin market. Related Reading: PEPE Preparing For A 54% Move? Analyst Thinks So When the spot price of the cryptocurrency is trading above this level, it means that the investors as a whole are in a state of unrealized profits right now. On the other hand, it being under implies the overall market is carrying losses. In the context of the current discussion, the Realized Price of the entire Bitcoin market isn’t of [...]

An argument for why Bitcoin and Ethereum can actually complement each other in the long term, rather than exist as competitors.

We’re thrilled to announce the support for bonded on-chain staking strategies for TIA starts now in most regions! Start staking on Kraken Pro How can I start staking? Add crypto assets to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. Clients can now stake crypto assets and earn up to […] The post Bonded and Flex Staking for Celestia (TIA) starts now appeared first on Kraken Blog.

Toncoin (TON) has defied recent market turbulence, reaching a new milestone with its price surging to an all-time high of $7.0. This nearly 25% increase has propelled Toncoin to become the eighth largest cryptocurrency by market cap, surpassing Dogecoin (DOGE) with a market cap of nearly $25 billion. Source: CoinMarketCap Related Reading: Dogwifhat To The Vet! Meme Coin Needs Medical Attention After Price Plunge — Analyst Toncoin: Powered By Strategic Partnership Toncoin’s recent momentum can be attributed in part to its partnership with HashKey, which has bolstered investor confidence. Since March, Toncoin has sustained considerable momentum, witnessing a surge of approximately 35% in the past week and a remarkable 136% increase over the past month. Technical Indicators Signal Potential Growth Technical analysis indicates a bullish trajectory for Toncoin, with its price following an ascending channel pattern. Despite brief downward movements, strong buying activity near the support [...]

As of April 15, 2024, bitcoin presents a mixed landscape of consolidation and subtle recovery hints, reflecting a crucial moment for potential bullish or bearish trends. Bitcoin Despite the current market indecisiveness indicated by the 1-hour chart, the 4-hour and daily charts suggest underlying movements that could influence future price actions. The 1-hour chart displays […]

A government official from Vietnam has stated that cryptocurrencies are not prohibited. However, the country urgently needs to establish a legal framework to regulate their use, the official said. The Finance Ministry has been tasked with drafting a framework to govern crypto assets, which is due for completion by May 2025. Finance Ministry Directed to […]

In a post on X (formerly Twitter), Lucie, the marketing lead for Shiba Inu, has provided potential investors with a new set of guidelines for evaluating projects within the Shibarium ecosystem, a dedicated layer-2 blockchain aimed at enhancing the Shiba Inu network. This guidance focuses on critical factors that reflect a project’s contribution to the ecosystem’s growth and sustainability. Five Investment Rules For Shibarium Projects 1. SHIB Token Burn: Lucie emphasized the importance of SHIB token burning as a primary metric. Token burning, or permanently removing tokens from circulation, is a strategy used to induce scarcity and potentially enhance the token’s value over time. Lucie assesses the impact of SHIB burns on the ecosystem’s overall health and price stability. 2. Metaverse Development: The second rule focuses on whether projects are planning or currently building within the Shiba Inu Metaverse. As SHIB: The Metaverse represents a burgeoning area for development, [...]

Landesbank Baden-Württemberg (LBBW), Germany's state-backed lender, has unveiled plans to venture into cryptocurrency custody services. In a strategic move, LBBW has announced a partnership with the Austrian exchange platform Bitpanda to facilitate this initiative.Expansion into Cryptocurrency CustodyThis collaboration aims to provide LBBW with the necessary infrastructure for "Investment-as-a-Service," enabling the storage and procurement of various cryptocurrencies, including bitcoin and ether."By offering crypto-asset custody, we are positioning ourselves with a clear added value for our corporate clients – while ensuring the highest security standards," Stefanie Münz, the Member of the LBBW Board of Directors responsible for Finance, Strategy and Operations, said in a press statement. "Bitpanda provides the necessary technical and regulatory infrastructure to offer our customers innovative and, above all, secure solutions in the area of digital assets."New partnership alert: [...]

The Hong Kong Securities and Futures Commission (SFC) has given the green light to several spot bitcoin and ethereum exchange-traded funds (ETFs), a move that signals substantial progress in the region’s crypto market, with approvals awarded to China Asset Management, Bosera Capital, and Hashkey Capital Limited, and an in-principle approval for Harvest Global Investments. These […]

The blend of cryptocurrency and sports sponsorship has become crazier as Real Bedford, a non-league English football club, received $4.5 million investment in Bitcoin from Cameron and Tyler Winklevoss, the twins who founded the crypto exchange Gemini.An Investment towards OwnershipFollowing the investment, the Winklevoss twins will share the ownership of the club with the crypto-focused podcaster Peter McCormack, who bought the club in his hometown of Bedford in 2021. McCormack aims to take the club to the Premier League level and make it play with the country's big names, like Manchester United and Chelsea FC. Currently, Real Bedford is playing in the ninth division of the English leagues. Its social following is limited, with only 18.5k followers on Twitter and about 3,650 followers on Instagram.Being a proponent of Bitcoin, McCormack enabled payment for game day tickets, merchandise, sponsorships, and beverages with Bitcoin. “This has been a great few years for the club as we hit [...]