Kryptowaluty - wiadomości
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18.04.2024 03:00 Arbitrum, the largest Ethereum layer-2 scaling solution by total value locked (TVL), is taking steps towards decentralization. In an update on April 16, Offchain Labs–Arbitrum developers–said they have deployed the permissionless version of their fraud proofs, dubbed Bounded Liquidity Delay (BOLD), to testnet. Ethereum Layer-2s Are Popular, But There Is A Big Problem Ethereum layer-2 solutions have been gaining prominence over the years. According to L2Beat data on April 17, these platforms control over $37 billion of assets. Protocol developers and users can send transactions cheaply through Arbitrum, Optimism, Base, and other alternatives. However, while they are popular and command billions in TVL, most of these platforms’ fraud proofs are being developed. Typically, when users transact all chains, all transactions must be confirmed by a web of miners or validators, depending on the consensus mechanism. Related Reading: Whale Alert: MATIC Poised For Epic Surge – Time To Dive In? [...] newsbtc.com |
18.04.2024 02:46 Worldcoin is set to introduce a new blockchain called “World Chain,” which is designed to give precedence to human users over bots, purportedly enhancing both utility and accessibility. The Worldcoin Foundation stated that this platform will be deeply integrated with the Worldcoin protocol, employing the World ID’s proof of personhood to promote a user-centric approach […] bitcoin.com |
18.04.2024 02:00 In a recent report published by QuickNode, the first quarter of 2024 showed the dominance of decentralized finance (DeFi) and the notable growth of Web3 gaming in the crypto industry, which outperformed the stablecoin sector in key metrics, indicating investor preference and market sentiment during this period. Hopes For Second ‘DeFi Summer’ Per the report, DeFi experienced a significant resurgence in Q1’24, fueled by a surge in developer and user activity, particularly on chains like Solana (SOL) and Base. This resurgence has sparked growing hopes of a second ‘DeFi Summer,’ as DeFi projects embrace new concepts such as staking, liquid staking, restaking, and liquid restaking, which have been catalysts for its growth. Notably, staking now represents a substantial portion of DeFi’s Total Value Locked (TVL). While stablecoins remain the top spot for address activity, DeFi surpassed stablecoins in an essential metric: transaction counts. Related Reading: Crypto Analyst Says Don’t Buy [...] newsbtc.com |
18.04.2024 01:00 XRP could continue a price correction in the short term as recent price action has put it rebounding against a resistance level of $0.5. On-chain data has also revealed a row of transactions from whales of the cryptocurrency in the past 24 hours, but are they bullish or bearish on XRP? These large transactions have been a mix of both, although the trading volume of each transaction could point to them being bearish rather than bullish. XRP Whales On The Move Large XRP transactions, often indicators of whale activity, have spiked recently. XRP has seen some major whale movements over the past few weeks that point to a bearish sentiment among big players amidst a price correction for the cryptocurrency in the past seven days. However, while some of these big transfers are going into crypto exchanges for a potential selloff, some are also anonymous wallets shifting huge amounts of tokens from crypto exchanges into private wallets. Related Reading: Crypto Expert Predicts Bitcoin Will [...] newsbtc.com |
18.04.2024 00:00 ApeCoin (APE), the ERC-20 token governing the ApeCoin Decentralized Autonomous Organization (DAO), showed notable growth in the first quarter (Q1) of 2024. Key metrics showed significant progress, driving APE’s market capitalization, token price, and trading volume quarter-over-quarter (QoQ), demonstrating consecutive quarters of growth. ApeCoin Regains Unicorn Status As noted in a recent report by Messari, APE’s rebound was particularly noteworthy compared to the broader cryptocurrency market, which grew 53% quarter over quarter, and Bitcoin’s market cap, which grew 63% quarter over quarter. After briefly dipping below $1 billion in Q2 2023, APE’s market cap regained unicorn status, ending Q1 2024 at $1.3 billion, representing 31% growth. According to the report, this market value increase was partly driven by a 21% QoQ rise in APE’s token price. Related Reading: Crypto Analyst Says Don’t Buy Altcoins Just Yet – Here’s Why The report also highlighted the unlock of 46.8 million APE [...] newsbtc.com |
18.04.2024 00:00 The cryptocurrency market surged in value from $1
trillion to $2.5 trillion from October 2023 to March 2024.
This boost was driven by institutional interest and venture capital funding
in the sector. Bybit and Treehouse Finance recently highlighted these findings in a report dubbed the "2024 Institutional Industry Report". The study covered derivatives, challenger chains, and the resurgence of venture capital.Optimism in the Derivatives MarketAccording to the report, there is a positive sentiment
in the derivatives market. Bitcoin (BTC) and Ethereum (ETH) exhibited a notable
call premium despite the relatively sideways price movement in March, suggesting a bullish
sentiment among investors. This outlook hints at the potential for significant
price appreciation for these leading cryptocurrencies by the end of the year. Bitcoin's
status as a hedge against traditional finance (TradFi) remains robust, with its
correlations to major equity indices below 3%.Noteworthy, Bitcoin's negative [...] financemagnates.com |
17.04.2024 23:38 Roger Stone, a seasoned Republican political strategist, lobbyist, and former adviser to Donald Trump’s campaign, has endorsed the meme coin TRUMP on X, sparking a 17% increase in its value amid a wider downturn in the cryptocurrency market. Meanwhile, the meme token BODEN experienced a 9% uptick against the U.S. dollar over the last 24 […] bitcoin.com |
17.04.2024 23:00 Many investors expressed worries about the crypto market corrections during this cycle. Bitcoin’s price drop has dragged altcoins with them, and, as a result, a more pessimistic sentiment has started to brew among some sectors of the crypto community. Analysts and traders have reassured investors that the market fluctuations are a normal part of the journey. Some urge the community to look at the bigger picture, as altcoins remain above levels not seen in years. Related Reading: Traders Forecast Massive Rally For Altcoins, But Why Is Sentiment “Down”? Renowned crypto analyst Altcoin Sherpa weighed in on the matter, exploring some of the reasons and differences that make this bull cycle different from the 2020s. Time For An Altcoins Cool-Off? In an X post, Altcoin Sherpa asserted that there’s a high possibility “that altcoins are done for the next 1-4 months.” The analyst considers that, right now, most of the market needs “time to chill out and consolidate after such a big run.” [...] newsbtc.com |
17.04.2024 22:00 The 2024 Bitcoin halving is only two days away, and there are already varying expectations of what might happen to the BTC price once the event is completed. One way to get an idea of how it could play out for the Bitcoin price, though, is through historical data and how the cryptocurrency has performed at times like these. Bitcoin Price Trends For Previous Halvings There have been three halvings so far since Bitcoin was first launched in 2009 and with each one, Bitcoin has demonstrated various reactions to the event. The first halving took place on November 28, 2012, the second happened on July 9, 2016, and the last one was on May 11, 2020. Related Reading: Arbitrum’s Massive $107 Million Token Unlock Threatens To Send Price Below $1 For the purpose of this report, only the last two halving will be referenced given that adoption had began to climb at the time that these two happened. The 2016 halving happened when Bitcoin was trading around $650, but in the weeks following the [...] newsbtc.com |
17.04.2024 21:34 U.S. spot bitcoin exchange-traded funds (ETFs) experienced three consecutive days of net outflows, with a loss of $58 million on Tuesday. Leading the outflow for the day was Grayscale’s GBTC. After Another Day of Outflow, IBIT Nears GBTC as Potential Leader in Spot Bitcoin ETF Market Grayscale’s GBTC continued to report reductions in its bitcoin […] bitcoin.com |
17.04.2024 20:30 On-chain data shows the percentage of the PEPE investors currently in the green has fallen to 69% after the 26% plunge the memecoin has seen in the past week. 69% Of All PEPE Addresses Are Carrying Some Gains Right Now In a new post on X, the market intelligence platform IntoTheBlock has posted an update on how the investor profitability is looking for the memecoin PEPE currently. Related Reading: Bitcoin Long-Term Holders Slow Down After 700,000 BTC Selloff, Reversal Sign? The analytics firm’s metric gauges whether a holder is in profit or not by reviewing their address’s on-chain history. Based on when the wallet acquired the coins, the indicator calculates the investor’s average cost basis using the spot price of the asset at the time of those purchases. If the current spot value of the cryptocurrency is higher than this average cost basis for any address, then that particular investor is carrying net gains currently. IntoTheBlock categorizes such addresses to be “in the money.” [...] newsbtc.com |
17.04.2024 19:35 The Bitcoin halving, an important event written into
the cryptocurrency's code, is two days away. This event, which occurs roughly
every four years, reduces the rewards for Bitcoin miners by half. The cryptocurrency
community is abuzz with anticipation ahead of the halving, especially given recent developments such
as the approval of spot Bitcoin ETFs and improved crypto regulations. Understanding Bitcoin HalvingThe 2024 halving is expected to have an impact throughout the entire financial system as retail investors gain exposure to
Bitcoin through ETFs. This could result in increased crypto transactions,
trading volume, investment, and speculation in the sector, Finance Magnates reported. According to the countdown by Binance, the Bitcoin halving event will occur in the next two days. Following the halving, miners often experience a
significant reduction in revenue. Additionally, the reduction in selling
pressure can contribute to increased trading volume and price
volatility in the [...] financemagnates.com |
17.04.2024 19:17 Recent data reveals that over 27% of all ether, amounting to 32,472,720 ethereum, is currently staked, as interest in this activity has heightened significantly within the past year. Liquid staking derivative (LSD) protocols have locked in more than $40 billion, with Lido Finance holding $28.77 billion of that sum. Staking Captures 27% of Ethereum Supply; […] bitcoin.com |
17.04.2024 19:00 Cryptocurrency exchange and trading platform, Bybit has released a new report highlighting the impacts of the upcoming Bitcoin halving event on the supply dynamics of Bitcoin within exchanges in the crypto space. The crypto firm has provided valuable insights on how the halving event would enhance scarcity and considerably influence the price of BTC. Exchanges Set To Face Bitcoin Supply Crunch On Tuesday, April 16, Bybit published a new report, providing a detailed analysis of the Bitcoin halving event set to take place this month. The crypto firm disclosed that the Bitcoin reserves within the world’s crypto exchanges have been depleting at a rapid pace, leaving only nine months of BTC supply left on exchanges. Related Reading: Arbitrum’s Massive $107 Million Token Unlock Threatens To Send Price Below $1 For a clearer perspective, Bybit explains that with just two million Bitcoin left in its total supply, a daily influx of $500 million into Spot Bitcoin ETFs would result in [...] newsbtc.com |
17.04.2024 18:02 The worlds largest asset manager continues to market and educate new investors on its spot Bitcoin ETF. bitcoinmagazine.com |
17.04.2024 18:00 In a compelling forecast for Bitcoin, Ali Martinez, a well-known cryptocurrency expert and trader, has pointed out a possible development that could propel the crypto asset’s price to the $86,000 threshold in the foreseeable future. Bitcoin Movement Determined By Key Levels The analyst’s positive perspective highlights the possibility of a large upward shift in the price trend of Bitcoin, igniting interest and speculation in the cryptocurrency space. Ali Martinez’s analysis primarily focuses on several key support and resistance levels, of which a break out from these levels will determine the future trajectory of Bitcoin. Related Reading: Are The Odds In Bitcoin Bulls Favor? These Analysts Forecast BTC’s Future According to the expert, it appears the digital asset has been gathering momentum in a parallel channel. As a result, the $61,000 mark becomes the most significant support level, while the $72,400 mark becomes the most crucial resistance level. Martinez affirms that Bitcoin [...] newsbtc.com |
17.04.2024 17:31 The cryptocurrency market contracted by nearly 2% on Wednesday, descending to a total value of $2.23 trillion. Bitcoin reached a daily low of $60,760 per unit, while ether declined to $2,944 per coin. Cryptocurrency Market Loses More Than $400 Billion in a Week Amidst Severe Volatility Since the previous week, the crypto market has experienced […] bitcoin.com |
17.04.2024 17:30 A breakdown of Taproot Wizard's recent CatVM proposal, what it actually is, and what it could be useful for. bitcoinmagazine.com |
17.04.2024 17:25 The recent introduction of Kraken Wallet has marked an
advancement in cryptocurrency adoption. This self-custodial wallet is
engineered to streamline on-chain transactions. Kraken Wallet emphasizes
simplicity, security, and functionality, with the overarching goal of
broadening accessibility to decentralized finance.Access to Decentralized Finance: Wallet's User-Centric
DesignRegardless of whether individuals are Kraken clients or not,
the multichain Kraken Wallet serves as a conduit to the decentralized financial
ecosystem. Emphasizing privacy and security, it enables users to maintain
custody of their digital assets and data, underpinned by Kraken’s security
protocols.With an intuitive user experience, Kraken Wallet eliminates
the need for complex network switching or the management of multiple seed
phrases. Key features include comprehensive portfolio tracking, support for
multiple blockchains, WalletConnect integration for access to decentralized
applications, and round-the-clock [...] financemagnates.com |
17.04.2024 17:00 As the community prepares for the much-anticipated fourth halving set for April 19, 2024, the buzz around Bitcoin-based projects is reaching a fever pitch. Crypto influencer Leshka.eth, with a following of over 128,500 on X (formerly Twitter), has identified a set of altcoins under the Bitcoin financial ecosystem (BTCfi) that could see significant gains post-halving. Crypto Analyst Shares His Top-10 BTCfi Altcoins Leshka.eth told his 128,500 followers on X (formerly Twitter) about the potential of various projects in the BTCfi landscape. He remarked, “The countdown to BTC halving ends in 2 days. If you missed 1,000x on BRC20 and Ordinals, if you missed 800x on STAMP, check out my watchlist of BTCfi altcoins poised to surge because of the halving.” Here’s a breakdown of the top altcoins Leshka.eth believes could benefit from the upcoming Bitcoin halving: 1. Hulvin (HULVIN): This project is touted as the first halving-themed memecoin with the slogan “Make Halving Great Again.” Initially [...] newsbtc.com |
17.04.2024 17:00 What lies after Bitcoin’s 4th halving? Read on to understand its economic and operational impacts for the Bitcoin mining sector. bitcoinmagazine.com |
17.04.2024 16:48 Hong Kong's hotly anticipated spot bitcoin ETFs are expected to launch by end of April, potentially yielding up to $25 billion in capital inflows according to industry analysts. bitcoinmagazine.com |
17.04.2024 16:30 A retrospective look at the recent Bitcoin Policy Summit in Washington, D.C. bitcoinmagazine.com |
17.04.2024 16:09 We take a big step forward in our mission to accelerate crypto adoption with the release of Kraken Wallet, a self-custodial wallet that anyone can use to go onchain. Simple, secure and powerful, Kraken Wallet empowers you to discover the decentralized world and manage your digital assets with ease.
The post Simple, secure, powerful: Introducing Kraken Wallet appeared first on Kraken Blog. blog.kraken.com |
17.04.2024 16:09 We're thrilled to give you an inside look at the robust security architecture of mobile, open-source Kraken Wallet as we aim to foster transparency, support our security team in ongoing research and aid in threat prevention.
The post How Kraken Wallet addresses challenges in mobile crypto security appeared first on Kraken Blog. blog.kraken.com |
17.04.2024 16:00 Crypto analyst Crypto Banter has provided insights on whether or not it is the right time to buy altcoins. Specifically, the analyst had reservations about the idea that it was best to buy altcoins that showed quick recovery after a market decline like the one experienced over the weekend. Not The Best Time To Buy Altcoins In a live video on his YouTube channel, Crypto Banter warned crypto investors against “sheepishly” buying altcoins, especially crypto tokens that recovered quickly after the flush. He claimed that anyone who buys these tokens might fall into a “classic trap.” To avoid this trap, he advised that it might be best not to buy these altcoins now despite their impressive recovery so far. Related Reading: XRP Price Set For 3,000% Rally To $22, Analyst Predicts Crypto Banter made these statements based on his belief that the bearish sentiment isn’t over and that there will still be a lot of “tensions” in the market. Therefore, he noted that the best strategy to deploy in [...] newsbtc.com |
17.04.2024 16:00 On Wednesday, Ord.io, the Ordinals explorer, announced a $2 million pre-seed funding achievement to pioneer the expansion of Runes. Leonidas, the founder of Ord.io, stated that the startup is strategically positioning itself to “serve the next generation of bitcoiners.” Ordinals Explorer Ord.io Receives $2M Boost In 2024, a significant number of startups connected to the […] bitcoin.com |
17.04.2024 16:00 Bitcoin fell below $60,000 amid fears of global conflict. Analyst Dylan LeClair unpacks whether this represents a true shift in momentum, or simply a bull market correction as bitcoin moves higher. bitcoinmagazine.com |
17.04.2024 15:00 In the ever-volatile landscape of the cryptocurrency market, recent days have seen a surge in turbulence, with Bitcoin and leading altcoins struggling to maintain stability. Among them, MATIC, the native token of Polygon, hasn’t been immune to the downward pressure, experiencing a drop of nearly 2% in the past 24 hours alone. Related Reading: Elon Musk Latest Tweet: How Much Did Dogecoin Gain From It Today? As of the latest data, MATIC is trading at $0.69, marking a 21% decrease compared to the previous week. Source: CoinMarketCap MATIC: Whales Seize The Opportunity Despite the market downturn, some seasoned investors are viewing this as an opportunity to stockpile MATIC at lower prices. Large holders, colloquially known as whales, have been particularly active during this period of volatility. Notably, there has been significant accumulation of MATIC by whales, with one notable investor scooping up nearly 2 million tokens. This trend of accumulation is further evidenced by an uptick [...] newsbtc.com |
17.04.2024 13:52 As bitcoin’s price action shows signs of continued bearishness, the digital currency’s trading volume and market capitalization suggest a volatile but keenly watched market. Bitcoin Bitcoin’s (BTC) current trading price of $62,891 to $63,075 per unit underscores a market grappling with uncertainty, reflected in an intraday trading range between $61,773 and $64,414 over the last […] bitcoin.com |
17.04.2024 13:20 In the first quarter of 2024, approximately $43.8 billion, or 76% of the decentralized finance yield market, earned an annual percentage yield (APY) of about 5% in very low-risk contracts. Staking played a crucial role in the resurgence of decentralized finance, bolstered by the Ethereum network’s transition to a Proof-of-Stake model. The bridging sector experienced […] bitcoin.com |
17.04.2024 13:00 PRESS RELEASE. Geneva, Switzerland, April 17, 2024 – The Harvard Blockchain Conference, a premier gathering hosted by the Harvard Blockchain Club, showcased the TRON DAO as a Platinum Sponsor, the highest tier for the Harvard Blockchain Conference. The official conference saw a packed crowd of attendees featuring a variety of students, thought leaders, and blockchain […] bitcoin.com |
17.04.2024 12:00 In the tumultuous world of cryptocurrency, where prices can soar to unprecedented heights one day and plummet to new lows the next, XRP, the digital asset associated with Ripple, finds itself at the center of attention once again. Despite recent dips in its value, XRP enthusiasts remain steadfast in their optimism, fueled by the unwavering confidence of cryptocurrency analyst Javon Marks. Related Reading: Elon Musk Latest Tweet: How Much Did Dogecoin Gain From It Today? Analyst’s Bold Prediction Marks, known for his bullish outlook on XRP, has boldly predicted a jaw-dropping 400x surge in the price of XRP, envisioning the digital asset reaching the remarkable territory of $288. This audacious forecast comes in the face of recent challenges for XRP, including a notable dip in value and ongoing market turbulence. With a Full Logarithmic Follow through, prices of $XRP (Ripple) may be more than poised for $200+. Prices of Ripple went on an over +108,000% run in the 2017-2018 run and has [...] newsbtc.com |
17.04.2024 11:43 The chairman of the Australian Securities and Investments Commission (ASIC) has said his organization views cryptocurrency as a debenture hence it falls under regulatory purview. The ASIC chairman also argued that many cryptocurrency investors are unaware of what they are getting into. Crypto Falls Under the ASIC Regulatory Oversight Joe Longo, chairman of the Australian […] bitcoin.com |
17.04.2024 10:35 More than 250 Zambian university students recently participated in an online boot camp and hackathon which saw over 100 earning certification in smart contract development. The students who complete their minimum viable products (MVPs) can apply for grants ranging from $1,000 to $25,000. Students Trained in Decentralized Application Development More than 250 students from St. […] bitcoin.com |
17.04.2024 10:00 In his latest technical analysis, Christopher Inks, a recognized figure in the field of crypto analysis, points to the possible formation of a bullish Adam and Eve double bottom pattern for Bitcoin. This formation is spotted on the BTC/USD 1-hour chart and has significant implications for the cryptocurrency’s short-term price action. The chart depicts Bitcoin’s price movement with a distinct pattern that resembles two troughs with a peak in between. The first trough, known as the “Adam,” is characterized by a sharp, V-shaped bottom, indicating a rapid price decline and equally swift rebound. This is followed by a more rounded, gradual, and wider “Eve” trough, suggesting a slower and more deliberate price recovery. Bitcoin Targets Its All-Time High In this analysis, the price level to watch is marked by a horizontal yellow line, which Inks suggests is the neckline of the pattern. A breakout and close above this neckline would confirm the pattern, signaling a potential bullish reversal. [...] newsbtc.com |
17.04.2024 09:37 According to the application-specific integrated circuit (ASIC) mining rig manufacturer Bitmain, the firm is gearing up to introduce its latest Scrypt miner. The L9, which boasts a hashrate of up to 16,200 megahash per second (MH/s) and energy efficiency of 0.21 joules per megahash (J/M) mines litecoin, dogecoin, and digibyte. Bitmain Set to Launch L9 […] bitcoin.com |
17.04.2024 09:12 The
Financial Markets Authority (FMA) of New Zealand has been actively combating
fraudulent activity and scams in the country's financial markets. In a series
of recent actions, the regulator has taken steps to protect consumers and
maintain market integrity by cancelling one crowdfunding services license and
issuing a warning against a cryptocurrency company.FMA Cracks Down on
Fraudulent Activity and ScamsAccording
to the update on Wednesday, the FMA cancelled the crowdfunding services license of
Equitise Pty Ltd, an equity crowdfunding service provider licensed since 2014.
The cancellation followed Equitise's significant breach of certain market
services licensee obligations and its failure to meet statutory requirements.The company
failed to provide its financial reporting and agreed upon procedures reporting,
and was deregistered from the Financial Service Providers Register (FSPR) for
failing to file its annual confirmation within the required timeframe."Cancelling
a provider's [...] financemagnates.com |
17.04.2024 09:12 Pavel Durov, the founder of Telegram, has proposed creating crypto-inspired hardware to enhance secure communication and protect privacy, a vision spurred by his unsettling experiences with governments, including attempts by the FBI to interrogate him and coerce a Telegram engineer into embedding backdoors in the app. These experiences have led Durov to explore technological solutions […] bitcoin.com |
17.04.2024 08:49 As the cryptocurrency market experiences heightened volatility, one digital asset, in particular, finds itself under the microscope: Cardano (ADA). At the time of writing, ADA was trading at $0.45, down 1.8% and 21.9% in daily and weekly timeframes, data from Coingecko shows. With prices fluctuating and investors on edge, analysts are closely scrutinizing ADA’s movements for signs of stability or further turbulence. Related Reading: CEO Throws Cold Water On May Ethereum ETF Approval – Impact On Price Analysis Points To Critical Crossroads For Cardano Recent analysis conducted by Trend Rider, a respected voice in the crypto community, suggests that Cardano’s price has reached a pivotal moment. The digital asset stands at a critical juncture, with its price hovering precariously near a key support zone. Should ADA breach this support level, analysts warn of a potential plunge to $0.25. However, if Cardano manages to hold this level, it could signal the formation of a double bottom, [...] newsbtc.com |
17.04.2024 07:36 Stepn, a lifestyle and move-to-earn application, partnered with Germany-based apparel company Adidas to issue the Genesis Sneakers NFT collection. The collection, which marks the start of a one-year collaboration between these organizations, comprises 1,000 NFTs inspired by Adidas’ “most iconic” running silhouettes and cobranded by the two companies. Stepn Teams With Adidas to Issue Co-Branded […] bitcoin.com |
17.04.2024 06:48 XRP price is struggling to recover above the $0.5140 resistance. The price must stay above the $0.4550 support to attempt a fresh increase in the near term. XRP is attempting a recovery wave above the $0.450 zone. The price is now trading below $0.550 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance at $0.5440 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could gain bearish momentum if there is a close below the $0.4550 support. XRP Price Turns Red After a steady increase, XRP price struggled to clear the $0.6420 resistance. It started a fresh decline below the $0.600 support, like Bitcoin and Ethereum. There was a sharp move below the $0.500 support. Finally, the price tested the $0.3880 zone. A low was formed at $0.3875 and the price started a recovery wave. There was a move above the $0.40 and $0.450 levels. The price climbed above the 23.6% Fib retracement level of the downward move from the [...] newsbtc.com |
17.04.2024 06:22 In the first quarter of 2024, the South Korean Won surpassed the US dollar as the leading currency for global cryptocurrency trades, with a cumulative trade volume of $456 billion according to research firm Kaiko, reflecting a growing speculative interest in risky crypto assets in South Korea. The increase in Korean won-denominated trades has been […] bitcoin.com |
17.04.2024 06:09 Ethereum price is still facing many hurdles near $3,200. ETH could start another major decline if the price stays below $3,200 and $3,280. Ethereum is struggling to recover above the $3,200 resistance zone. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if there is a close below the $2,900 support zone. Ethereum Price Consolidates Ethereum price found support and attempted a recovery wave above the $3,000 resistance zone. ETH was able to climb above the $3,200 level. However, the bears were active near the $3,280 resistance zone. A high was formed at $3,278 and the price reacted to the downside, like Bitcoin. It dipped below the 23.6% Fib retracement level of the upward move from the $2,536 swing low to the $3,278 high. Ethereum is now trading below $3,200 and the 100-hourly Simple Moving Average. [...] newsbtc.com |
17.04.2024 05:28 BIS Head Agustin Carstens and Infosys co-founder Nandan Nilekani have proposed the idea of the “Finternet,” an interconnected financial system led by tokenized assets that would help to overcome today’s shortcomings in transacting financial assets. The core of this system would rely on the possibility of smart contracts managing these assets programmatically. BIS Boss Highlights […] bitcoin.com |
17.04.2024 05:00 In recent months, Sam Altman’s open-source protocol Worldcoin (WLD) has faced increasing legal challenges as Portugal and Spain cracked down on its biometric data collection practices. Argentina has joined the list, issuing an indictment against Worldcoin after detecting allegedly abusive clauses in user contracts. Worldcoin Faces Legal Scrutiny In Buenos Aires Buenos Aires authorities have identified discrepancies between Worldcoin’s reported data handling practices and findings from provincial inspections, raising concerns about the storage and deletion of biometric data and potential infringements on user rights. The Ministry of Production, Science, and Technological Innovation of the province of Buenos Aires ordered the indictment of Worldcoin following an investigation by the Provincial Directorate for the Defense of Consumer Rights. Related Reading: Arbitrum’s Massive $107 Million Token Unlock Threatens To Send Price Below $1 The investigation revealed the inclusion of [...] newsbtc.com |
17.04.2024 04:58 Bitcoin price is consolidating below the $65,000 resistance zone. BTC must surpass $65,000 and $67,000 to move into a bullish zone again. Bitcoin is struggling to gain pace for a move above the $65,000 resistance zone. The price is trading below $65,000 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $63,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $67,000 resistance zone. Bitcoin Price Eyes Upside Break Bitcoin price failed to clear the $67,000 resistance zone. BTC started another decline and traded below the $65,000 support zone. It even declined below $62,000 before the bulls emerged. A low was formed near $61,551 and the price is now attempting a fresh recovery wave. There was a break above a connecting bearish trend line with resistance at $63,000 on the hourly chart of the BTC/USD pair. The pair climbed above the 23.6% Fib retracement [...] newsbtc.com |
17.04.2024 04:00 Bitcoin stands at the forefront, with its upcoming halving event sparking excitement and uncertainty among investors. As the countdown to Bitcoin’s fourth halving narrows to roughly three days, market dynamics have taken a tumultuous turn, with significant implications for the digital asset’s price trajectory. Deciphering BTC’s Halving Patterns: Insights Into Pre-Event Price Behaviour While the Bitcoin market has been on a decline over the past week, A CryptoQuant analyst has recently highlighted a recurring pattern in Bitcoin’s price dynamics observed before each halving cycle. Related Reading: Bitcoin Bears Beware: $3 Billion Short Liquidation Looms At This Price Mark, Warns Analyst This pattern entails a significant price decline, a trend witnessed in previous halving events. For instance, during the second halving, Bitcoin experienced a price drop of 40.36%, plummeting to $465 before eventually surging to an all-time high of $19,600. Similarly, preceding the third halving, the [...] newsbtc.com |
17.04.2024 03:31 Norway has recently announced its intention of enacting a data center-focused law, which seeks to exert more control over the operations performed at these locations. One of the objectives behind this move would be to crack down on data centers hosting cryptocurrency mining operations, as it is an unwanted business in the country. Norway to […] bitcoin.com |
17.04.2024 03:00 The cryptocurrency market has undergone a substantial downturn, with many of the top 100 cryptocurrencies experiencing sharp price drops. Bitcoin, the leading digital asset, hit a low of $61,600 on Tuesday. However, industry experts suggest a potential rebound to higher highs may be on the horizon as the highly anticipated Halving event draws near. Adrian Zduńczyk, a crypto trader and technical analyst, provides valuable insights into the market dynamics, highlighting key factors such as bull market indicators, ETFs, and the imminent Halving event. Mixed Signals For BTC According to Zduńczyk’s analysis, the market exhibits bullish signs, with the 200-week and 50-week moving averages (MAs) at $33,700 and $39,900, respectively. The Net Unrealized Profit/Loss (NUPL) ratio is 0.55, indicating a favorable trading environment. Additionally, the 7-week correlation with the S&P 500 (SPX) remains firm at 0.71. Related Reading: Elon Musk Latest Tweet: How Much Did Dogecoin Gain From It [...] newsbtc.com |
17.04.2024 02:00 According to analysts at Bitfinex, Bitcoin and its recent activity on exchanges reflects a pattern reminiscent of December 2020, hinting at a possible growth phase. The exchange’s latest report highlights a significant decline in the supply of Bitcoin held by long-term investors on centralized exchanges, reaching its lowest levels in 18 months. This trend, coupled with the forthcoming halving event, suggests a scenario conducive to further price appreciation, as stated by the analysts. Related Reading: Bitcoin Has Next Major Demand Zone At $56,000: Brace For Impact? Potential Growth On The Horizon The Bitfinex Alpha report underscores the diminishing inactive supply of Bitcoin, particularly those assets stagnant for over a year. This reduction implies that long-term holders either reduce their positions or transfer their assets off exchanges. Such actions are fundamental to understanding Bitcoin’s price dynamics, especially as the halving event approaches. With an increasing number of [...] newsbtc.com |
17.04.2024 01:17 Economist and gold bug Peter Schiff has explained why the price of gold is rising, warning that bitcoin is a “gigantic bubble.” He expects gold to be in “double digits” by next year. Meanwhile, he said that bitcoin is in a bear market and the price of the cryptocurrency “is going much lower than this.” […] bitcoin.com |
17.04.2024 01:00 PRESS RELEASE. San Francisco, April 16th: Cove, the first onchain portfolio manager that eliminates loss-versus-rebalancing, has announced a strategic partnership with Bazaar, the decentralized and chain-agnostic launchpad. This collaboration is set to revolutionize the way Cove engages with its community by offering a fair and accessible opportunity to participate in the $COVE token launch. $COVE […] bitcoin.com |
17.04.2024 01:00 Crypto analyst Crypto Egrag has provided an update on his recent analysis, where he predicted that XRP would experience a significant price decline. Having called that correctly, Egrag has now predicted what the next move will be for the crypto token. XRP Price Could Rise To As High As $22 Egrag mentioned in an X (formerly Twitter) post that XRP’s next move “could be between 1000% and 3000%.” He acknowledged that the current market conditions might make it hard for anyone to envisage XRP seeing such a move. However, he added that the chart indicates that XRP would rise to between $10 and $22 if historical moves from 2017 or 2021 repeat themselves. Related Reading: Bitcoin Miners To Lose A Whopping $10 Billion Following The Halving – Here’s Why Source: X Egrag also noted that XRP had hit the lower target he had predicted for the crypto token, suggesting it was well primed for such a parabolic rise due to this price correction. In his earlier analysis, the analyst had predicted that [...] newsbtc.com |
16.04.2024 23:34 Skybridge Capital founder Anthony Scaramucci firmly believes that bitcoin will be both an inflation hedge and a store of value as the cryptocurrency scales. He emphasized that bitcoin is “still an early stage technical asset that will trade like other risk assets until it exceeds a billion users.” Scaramucci Doubles Down on Bitcoin as Inflation […] bitcoin.com |
16.04.2024 23:00 Memecoins have been the most popular narrative of Q1 2024, with dog-inspired tokens leading the pack. However, one memecoin has been jumping on the roofs and assuring everybody hears it meow. Cat in a dogs world (MEW) is a new player in the memecoin market, having been out for less than a month. In this short time, the token has left its clowder behind and joined the high ranks of the top ten memecoins by market capitalization.` Related Reading: Dogecoin Usurped: These Memecoins Overtake DOGE In Active Trader Count From The Roofs To The Ocean The memecoin started remarkably, with a 267.54% growth during its first week. However, MEW is not immune to the crypto market dynamics, as its rally has slowed down with the corrections of Q2. During the latest Bitcoin correction, MEW experienced a price drop of over 52%, going from trading at $0.00402 to as low as $0.00189 over the weekend, as seen in the chart below. A whale didn’t miss the chance to profit from the dip and bought 479.6 million [...] newsbtc.com |
16.04.2024 22:00 A crypto analyst has made a bold prediction about Bitcoin, anticipating that the pioneer cryptocurrency could surge to $650,000 as the Spot Bitcoin ETF market continues to grow. BTC’s Next Price Target Expected At $650,000 In an X (formerly Twitter) post published on Monday, Willy Woo, a popular analyst and crypto expert with over 1 million followers, predicted Bitcoin’s next price target, fueled by the growth and demand of Spot Bitcoin ETFs. Related Reading: Dogecoin Whales Send 800 Million DOGE To Exchanges, Dump Incoming? According to Woo, Spot Bitcoin ETFs could propel the price of BTC to $91,000 at bear market bottoms, while during bull market tops, the cryptocurrency could skyrocket as high as $650,000. It’s important to note that at the time of writing, Bitcoin haD not even reached $100,000, and is trading at $63,408, according to CoinMarketCap. Woo has explained that BTC’s surge to this exponential level can only be possible when ETF investors completely utilize their [...] newsbtc.com |
16.04.2024 21:40 Alexander “Akin” Fernandez’s Azteco provides Bitcoin users around the world a way to get their hands on “synthetic money” without revealing their identity, creating a world in which bitcoin is so ubiquitous and easy to use that it’s boring. bitcoinmagazine.com |
16.04.2024 21:27 With just over three days remaining until the halving, Core Scientific has announced its plans to enhance its Texas mining facility by an additional 72 megawatts. This project is scheduled for completion by the end of the second quarter of 2024. This expansion aims to augment the company’s existing hashpower capacity. Core Scientific Plans for […] bitcoin.com |
16.04.2024 21:13 In case you missed it, Bitcoin Season 2 released part of its Spring/Summer collection last week. bitcoinmagazine.com |
16.04.2024 21:00 On-chain data shows the Bitcoin long-term holder selling pressure has been running out recently after an extended selloff from the group. Bitcoin Long-Term Holders Have Sold Huge In Past 4 Months As analyst James Van Straten explained in a post on X, the long-term holders have massively reduced distribution during the last ten days. The “long-term holders” (LTHs) here refer to the Bitcoin investors carrying their coins since more than 155 days ago. The LTHs comprise one of the two main divisions of the BTC sector, with the other cohort known as the “short-term holders” (STHs). The STHs are naturally the investors who bought within the past 155 days. Related Reading: Bitcoin Has Next Major Demand Zone At $56,000: Brace For Impact? Statistically, the longer an investor holds onto their coins, the less likely they become to sell at any point. As such, the LTHs represent the more committed part of the BTC market. The STHs, on the other hand, are fickle-minded hands who may sell at the [...] newsbtc.com |
16.04.2024 20:45 Bitcoin Asia will see developers from across the globe flock to Bitcoin DevCon, May 7-8. bitcoinmagazine.com |
16.04.2024 20:14 On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced another round of outflows, shedding $36.7 million since the outflows on Friday. Additionally, after the close of Monday’s market, Grayscale’s Bitcoin Trust (GBTC) offloaded 2,524.1 bitcoins valued at $159.25 million. Blackrock’s IBIT and Fidelity’s FBTC Lead in Bitcoin Accumulation as GBTC Sells Off Since the trading […] bitcoin.com |
16.04.2024 20:00 While Bitcoin prices hover around 15% below their all-time highs, with some skeptics predicting more losses, one analyst on X expects the coin to bounce strongly, even breaking above all-time highs. Taking to X, the trader argues that Bitcoin has yet to breach the Golden Ratio Multiplier’s Cycle Top, currently sitting at $79,591. Supposedly, the analyst continues, this target price increases the longer it remains unchallenged. Bitcoin Traders Need To Be Patient So far, BTC is trending lower and is technically within a bear breakout formation following sharp losses on April 13. As the coin struggles for gains and is boxed inside the bear bar, the odds of further upswings like those registered in Q1 2024 remain muted. Related Reading: Elon Musk Latest Tweet: How Much Did Dogecoin Gain From It Today? However, even as BTC bulls are muted, the analyst emphasizes the prices are “respecting data points” despite prices dumping lower and taking longer to break higher. Most traders expect [...] newsbtc.com |
16.04.2024 19:00 Arkham Intelligence, an industry leader in on-chain data tracking, has released a list of the richest people in crypto according to their wallet balances. This list has been making the rounds in the crypto community due to the top 5 alone being worth billions of dollars. But perhaps, what is more interesting is how much of this money has now been deemed inaccessible. 3 Of The Top 5 Crypto Rich List Lost Forever Arkham took to X (formerly Twitter) to share the top 10 richest individuals in crypto ranked by the net worth of their wallet holdings. But the most interesting bits actually lay in the list of the top 5 richest individuals, which included the likes of Tron’s Justin Sun and Ethereum’s Vitalik Buterin. Related Reading: Dogecoin Flashes Weekly Golden Cross: Why This Analyst Believes The Bull Rally Is Far From Over According to the data shared by Arkham, Justin Sun emerged at the top of the list with a wallet balance of $1.1 billion, followed by Rain Lohmus, the Chairman of LHV [...] newsbtc.com |
16.04.2024 19:00 PRESS RELEASE. Mad Viking Games ® proudly announces its official registration as a U.S. trademark by the United States Patent and Trademark Office (USPTO) confirmed on April 16 2024. This landmark achievement is not merely a legal formality but a strategic step forward, reinforcing Mad Viking Games’ position as a company integrating Norse mythology with […] bitcoin.com |
16.04.2024 18:30 A reminder that Bitcoin was designed to give people access to financial services, and not simply enrich early adopters. bitcoinmagazine.com |
16.04.2024 18:29 On April 16, 2024, the Drift Foundation, which supports the Solana-based decentralized exchange (dex) platform Drift, disclosed plans to distribute 100 million tokens to its users. The tokens will function as the platform’s governance coin, to be utilized by the community and the Drift decentralized autonomous organization (DAO). Solana-Based Dex Platform Drift to Distribute Governance […] bitcoin.com |
16.04.2024 18:00 Popular cryptocurrency expert Cold Blooded Shiller has made a grim prediction that Bitcoin may be on the verge of a significant correction and could crash as low as 30%, given the current heightened volatility in the market. Bitcoin Could Be Poised For 30% Pullback Cold Blooded Shiller believes it is important to note that Bitcoin is holding up and now showing much more strength, regardless of the different factors influencing the nascent sector, such as ETFs, fundamentals, and Halving. Related Reading: Analyst Expects Bitcoin Price Correction To Persist, Targets $57,000 Support Given that pullbacks of 30% are historically common for BTC, Shiller foresees the potential for this to repite this cycle. Should the trend manifest, the price of BTC could fall as low as $51,000 in the upcoming months. The post read: With the historical tendency to produce -30% pullbacks, what happens to the landscape if BTC does head down for a -30% correction and into the $51,000? Cold Blooded Shiller drew [...] newsbtc.com |
16.04.2024 17:13 Many enthusiasts in the Bitcoin community were anticipating the next halving to coincide with Saturday, April 20, 2024, but the latest data suggest it will likely occur a day earlier, on April 19. Despite a recent uptick in mining difficulty, miners have managed to maintain a high hashrate, resulting in block times dropping below the […] bitcoin.com |
16.04.2024 17:00 On-chain data shows the next major Bitcoin demand zone is around $56,000, a level BTC might end up revisiting if the decline continues. Bitcoin Has Next Major On-Chain Support Around $56,000 According to data from the market intelligence platform IntoTheBlock, BTC’s recent drawdown has meant that it may end up having to rely on the price range around $56,000 for support. Related Reading: Bitcoin Whales Showing Different Behavior From Past Cycles, But Why? In on-chain analysis, a level’s potential as support or resistance is based on the total number of coins that the investors last acquired there. Below is a chart that shows what the various price ranges around the current spot price of the cryptocurrency look like in terms of this cost-basis distribution. The data for the BTC acquisition distribution across the various price levels | Source: IntoTheBlock on X In the graph, the size of the dot represents the amount of Bitcoin that was purchased inside the corresponding price range. It [...] newsbtc.com |
16.04.2024 16:22 Cryptocurrency exchanges have only nine months' supply of Bitcoin at current prices, with three days
left to Bitcoin halving. According to the latest analysis by Bybit, with just 2 million Bitcoins remaining and a daily inflow of $500 million to spot Bitcoin ETFs,
approximately 7,142 Bitcoins will exit exchange reserves daily. Bitcoin Supply Hits Unprecedented ScarcityThe much-anticipated halving event, which reduces the
supply of Bitcoins by 50%, is expected to make the digital asset more scarce. Bybit
highlighted the rapid reduction of Bitcoin reserves across centralized
exchanges post-halving. This trend
indicates that it will take about nine months to exhaust all remaining
reserves. Ben Joe, the Co-Founder and CEO of Bybit, mentioned:
"Each Bitcoin halving sharpens the narrative of Bitcoin as not just a
currency, but a scarce digital asset, akin to digital gold. This upcoming
halving in 2024 will thrust Bitcoin into an era of unprecedented scarcity,
making it twice as rare as [...] financemagnates.com |
16.04.2024 16:00 Arbitrum (ARB) runs the risk of a significant price decline due to its upcoming token unlock on April 16. These token unlock events are known to be a recipe for high volatility because of what could happen in the aftermath of their occurrence. $107 Million Arbitrum Tokens Set To Be Unlocked Data from TokenUnlock shows that 92.65 million Arbitrum tokens (3.49% of its circulating supply) are set to be unlocked on April 16. 56.13 million ($65.10 million) of these tokens will be distributed to the team, future team, and advisors, while the remaining 36.52 million ($42.36 million) will be distributed to investors. Related Reading: Dogecoin Whales Send 800 Million DOGE To Exchanges, Dump Incoming? Token unlocks are usually followed by a wave of massive sell-offs from the beneficiaries, which causes the token’s price to drop. As such, Arbitrum’s price could also suffer the same fate once these tokens are distributed. However, this won’t be the first time, considering Arbitrum suffered a [...] newsbtc.com |
16.04.2024 15:43 As the crypto landscape evolves, a significant tightening in bitcoin’s available supply on exchanges has emerged, hinting at just nine months of reserves left. Bybit’s latest halving report unveils the reasons behind this tightening grip, indicating a looming scarcity that could reshape market dynamics. Bitcoin Faces Unprecedented Supply Squeeze as Exchange Reserves Plummet According to […] bitcoin.com |
16.04.2024 15:00 Markus Thielen of 10x Research unveiled a significant shift in his crypto strategy in response to mounting financial pressures and market instability, as detailed in an investor note released earlier today. Thielen, an influential figure in the analysis sector, cited a concerning outlook on risk assets, which encompasses both technology stocks and cryptocurrencies, primarily driven by unanticipated and ongoing inflation rates. According to projections from Bank of America, US CPI headline inflation is expected to reach 4.8% by the November 2024 election. Over the past three months, month-over-month CPI inflation has averaged 0.4%. An acceleration at this speed would mean the rate is more than twice the Federal Reserve’s inflation target of 2% by November. Why 10x Research Sold (Almost) All Crypto And Risk Assets In light of this, 10x Research’s decision to divest from risky assets was catalyzed by an adverse shift in economic indicators. Notably, the US bond market is currently [...] newsbtc.com |
16.04.2024 14:30 The cryptocurrency market tends to thrive on a blend of innovation, utility, and sometimes, just a good meme. This week, the spotlight shone brightly on Dogecoin (DOGE), the Shiba Inu-themed meme coin, after a characteristically playful tweet from tech billionaire Elon Musk sent prices soaring. Related Reading: Ethereum Fire Sale? Deep-Pocketed Investor Snags Nearly 24,000 ETH At Bargain Price While the tweet itself referenced a scene from Monty Python and didn’t directly mention Dogecoin, its timing, with DOGE hovering near the cusp of the top 10 cryptocurrencies by market cap, proved to be enough to ignite a firestorm of trading activity. This latest episode serves as a stark reminder of the immense influence Musk wields over the meme coin market, and the hair-trigger reflexes of Dogecoin’s dedicated community. pic.twitter.com/wXlbpNU97H — Elon Musk (@elonmusk) April 15, 2024 Dogecoin Rollercoaster Ride Continues This isn’t the first time Musk has sent shockwaves through the [...] newsbtc.com |
16.04.2024 14:21 The smart money protocol Umoja has joined forces with the Bitcoin layer two (L2) initiative, Merlin Chain, to roll out a Bitcoin-based high-yield synthetic dollar. The newly introduced stablecoin is engineered to uphold a self-sustaining peg via transparent, onchain trading techniques developed by Umoja. Merlin Chain and Umoja Reveal USDb: The New High-Yield Synthetic Dollar […] bitcoin.com |
16.04.2024 13:19 With socialfi platforms, financial incentives serve not only as a reward mechanism for content creators but also “fundamentally transform the engagement model for all users,” Daniel He, the CEO of the artificial intelligence (AI)-powered socialfi platform, Republik, said. He believes that by offering incentives for user engagement beyond liking or commenting, socialfi platforms have a […] bitcoin.com |
16.04.2024 13:00 PRESS RELEASE. The Etherland Tecra Space campaign has officially gone live, giving participants the opportunity to stake their claim in a real-world assets (RWA) blockchain project that approaches on-chain real estate with a unique angle. This campaign aims to accelerate the development of innovative RWA solutions powered by blockchain technology for the real estate industry. […] bitcoin.com |
16.04.2024 12:30 Ethereum, the second-largest cryptocurrency by market capitalization, has faced choppy waters. Over the past few days, Ethereum’s price has taken a nosedive, plunging to lows of $2,800 on April 12, echoing the broader downturn witnessed across the crypto landscape. Related Reading: Bitcoin Bonanza Before The Halving? Analyst Sees Pre-Crash Buying Window However, in the face of volatility, a fascinating development has emerged: Ethereum whales, the behemoths of the crypto world, have begun to flex their muscles, showcasing strategic maneuvers that have captured the attention and speculation of the crypto community. Strategic Accumulation Amidst Turbulence As Ethereum’s price plummeted, Ethereum whales wasted no time in capitalizing on the opportunity. One notable example is the whale identified as “0x435,” which embarked on a strategic accumulation spree as the ETH price dipped. With a staggering investment of 70 million USDC, this whale acquired a hefty 23,790 ETH when Ethereum hit [...] newsbtc.com |
16.04.2024 12:09 Academy award-winning composer Hans Zimmer has created an anthem for TRON, founded by the controversial entrepreneur Justin Sun, a prominent figure in the cryptocurrency space known for his brash personality. The Tron Anthem by Zimmer, dubbed the song for the “Web3 Generation,” aims to encapsulate the trials Sun has faced, amidst Sun being sued by […] bitcoin.com |
16.04.2024 11:37 The Nigerian government’s crackdown on cryptocurrency exchanges, including its targeting of Binance, has prompted some cryptocurrency firms to reconsider plans to either enter or further invest in the West African nation. A founder of a cryptocurrency exchange stated that the crackdown on Binance raises questions about the fundamental rule of law necessary for any society […] bitcoin.com |
16.04.2024 10:48 The Cyprus Securities and Exchange Commission (CySEC) has yet again extended the suspension of the license of FTX (EU) Ltd, the locally regulated subsidiary of the now-collapsed cryptocurrency exchange.The Suspension of FTX’s EU LicenseAnnounced today (Tuesday), the latest license suspension will last until 30 September 2024. The license of the EU unit of FTX was originally suspended in November 2022. Since then, the regulator has extended the suspension multiple times.The European entity of FTX initially gained approval from the Cyprus regulator last March and obtained full authorization as a CIF in September. Though the Cypriot license did not allow the exchange to offer crypto directly, it could provide derivative products. Additionally, the license was essential as the exchange can passport it to provide services within the entire European Economic Area.Although FTX EU is already undergoing bankruptcy proceedings, the Cypriot regulatory notice highlighted that, as long as the [...] financemagnates.com |
16.04.2024 09:38 Investors are bracing themselves for a rollercoaster ride as Bitcoin, the flagship digital asset, navigates through choppy waters. Recent data from Glassnode has revealed a noteworthy development: the Realized Profit/Loss Ratio for Bitcoin has dipped below one. Related Reading: Bitcoin Below $70,000: Is $80K Still Possible, Or Is The Rally Over? This crucial metric, which compares the sell value of Bitcoin with the price at which it was bought, indicates that investors are currently realizing more losses than profits. Historically, such a dip has often heralded a potential bottoming out of Bitcoin’s price, serving as a vital signal for market watchers. Sense Of Optimism Despite Bitcoin Price Decline The past 24 hours have witnessed significant volatility in Bitcoin’s price trajectory. A sharp decline early in the day saw Bitcoin’s price plummet to approximately $64,000, worrying many investors. However, a remarkable recovery ensued, with the price steadily climbing and peaking at [...] newsbtc.com |
16.04.2024 09:31 As the halving is set to occur between April 19-20, 2024, a substantial number of crypto enthusiasts are eagerly preparing for the Runes protocol. The concept of Runes was developed by the creator of Ordinals, Casey Rodarmor, and has been met with considerable enthusiasm since its announcement in September 2023. The following is a comprehensive […] bitcoin.com |
16.04.2024 09:28 Senators
Elizabeth Warren and Chuck Grassley demand a full accounting of the
interactions between the Commodity Futures Trading Commission's (CFTC) Chairman, Rostin
Behnam, and Sam Bankman-Fried (SBF), the convicted founder of the now-defunct
cryptocurrency exchange FTX. Commentators wonder if this will allow the public to discover what might have happened between the regulator and SBF just before the exchange's collapse.Senators Demand Answers
from CFTC's Chair on Ties to Disgraced FTX's FounderIn a letter
sent to Behnam on Monday, the senators expressed concern about the nature of
the relationship between CFTC's Chair and Bankman-Fried in the months leading up to
FTX's implosion in November 2022. The lawmakers are seeking records of all
meetings, phone calls, and correspondence between the two parties by 29 April."Safeguarding
the savings and retirements of Americans requires Congress and market
regulators like the CFTC to determine how this multi-billion-dollar crime was
allowed to [...] financemagnates.com |
16.04.2024 08:20 David Lawant, Head of Research at FalconX, a digital assets prime brokerage with trading, financing, and custody for leading financial institutions, recently offered an analysis on X (formerly Twitter) regarding the evolving role of Bitcoin halvings in market dynamics. This analysis challenges the traditional view that halvings directly and significantly affect Bitcoin’s price, instead highlighting a broader economic and strategic context that might be influencing investor perceptions and market behavior more profoundly. The Miner’s Diminishing Impact On Bitcoin Price Lawant begins by addressing the changing impact of Bitcoin miners on market prices. He presents a detailed chart comparing the total mining revenue to the Bitcoin spot traded volume from 2012 onwards, clearly marking the dates of the three previous halvings. This data reveals a significant shift: “The most crucial chart for comprehending halving dynamics is the one below, not the price chart. It illustrates the [...] newsbtc.com |
16.04.2024 07:55 Hong Kong’s Securities and Futures Commission has become the latest regulator to approve the first spot Bitcoin and Ethereum exchange-traded funds (ETFs). However, the approvals of at least three offshore Chinese asset managers remain conditional.‘Conditional’ Approval Crypto ETFsAlthough the regulator confirmed the conditional approval, it did not reveal any details of the ETFs. The regulatory conditions include fee payments, document filings, and approval of the Hong Kong Stock Exchange's listing, according to Reuters.Crypto ETFs are listed on stock exchanges and can be traded from regular brokerage accounts without the need to create a crypto exchange account or use custodial services. These investment products lower the entry barrier and complexity of investment into cryptocurrencies.Additionally, the Hong Kong unit of China Asset Management, which has been developing spot Bitcoin and Ether products, received approval to provide virtual asset management services.“The introduction [...] financemagnates.com |
16.04.2024 07:34 The Bank of Russia has announced that it will support accelerating the adoption of cryptocurrency payments for international settlements. According to Elvira Nabiullina, governor of the Bank of Russia, these crypto-based payments must be launched in a sandbox-style experimental regime. In contrast, payments with national digital assets will be launched without similar precautions. Bank of […] bitcoin.com |
16.04.2024 07:31 NSA whistleblower Edward Snowden has warned that the National Security Agency (NSA) is on the verge of significantly expanding its surveillance capabilities through a new bill amending Section 702 of the Foreign Intelligence Surveillance Act (FISA), potentially allowing the government to compel a wide array of businesses and individuals to assist in NSA surveillance operations. […] bitcoin.com |
16.04.2024 07:08 Dogecoin is struggling below the $0.180 resistance zone against the US Dollar. DOGE must stay above the $0.1450 support zone to start a fresh increase. DOGE started a fresh decline below the $0.1750 zone against the US dollar. The price is trading above the $0.1700 level and the 100 simple moving average (4 hours). There is a key contracting forming with support at $0.1540 on the 4-hour chart of the DOGE/USD pair (data source from Kraken). The price could restart its increase unless there is a close below the $0.1450 support. Dogecoin Price Turns Red After struggling to clear the $0.20 resistance zone, Dogecoin price started a fresh decline. There was a sharp bearish move below the $0.180 and $0.1650 levels. DOGE traded as low as $0.1283 and recently attempted a recovery wave like Bitcoin and Ethereum. The price climbed above the $0.1450 level. It broke the 23.6% Fib retracement level of the downward move from the $0.2096 swing high to the $0.1283 low. However, the bears are active [...] newsbtc.com |
16.04.2024 06:15 Ethereum price is facing many hurdles near $3,200. ETH could gain bearish momentum if the price stays below $3,200 and $3,280. Ethereum is struggling to recover above the $3,200 resistance zone. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $3,100 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if there is a close below the $3,000 support zone. Ethereum Price Faces Hurdles Ethereum price started a recovery wave above the $3,000 resistance zone. ETH was able to climb above the $3,120 level. However, the bears were active near the $3,280 resistance zone. A high was formed at $3,278 and the price started a fresh decline, like Bitcoin. There was a move below the $3,200 support zone. The price declined below the 23.6% Fib retracement level of the recovery wave from the $2,537 swing low to the $3,278 high. There was also a break below a connecting [...] newsbtc.com |
16.04.2024 06:00 The Bitcoin market is currently on edge as prominent analyst Crypto Rover warns of a potential liquidation event that could negatively affect the short holders. With Bitcoin trading within a significant consolidation phase, as revealed by Rover, analysis suggests that over $3 billion in short positions could face liquidation should Bitcoin climb back to a specific price mark. Related Reading: Bitcoin Bonanza Before The Halving? Analyst Sees Pre-Crash Buying Window Bitcoin Bears Beware Of This Price Range According to Rover, the crucial price mark, which is the $71,600 region, is where the $3 billion short liquidation would occur if Bitcoin reclaims it. Rover’s assessment is based on data gathered from CoinGlass, a renowned derivative market tracker, indicating a substantial liquidity accumulation at higher price levels. The recent warning from Crypto Rover comes amidst a period of turbulence in the crypto market, marked by sharp price movements and heightened trading activity. [...] newsbtc.com |
16.04.2024 05:59 United States prosecutors have charged Charles O. Parks III with wire fraud and money laundering after he allegedly ran a “large-scale illegal ‘cryptojacking’ operation,” defrauding two cloud computing providers out of $3.5 million to mine $970,000 in cryptocurrencies such as ether, litecoin, and monero without authorization. Parks, who was arrested in Nebraska and faces up […] bitcoin.com |
16.04.2024 05:39 Nadeem Anjarwalla, the executive from Binance who escaped custody in Nigeria, has reportedly been found in Kenya. Law enforcement agencies in Nigeria, spearheaded by the Economic and Financial Crimes Commission (EFCC), are in talks with their Kenyan counterparts about Anjarwalla’s extradition. Nigerian Authorities Want Nadeem Anjarwalla Extradited According to a report, Nadeem Anjarwalla, a Binance […] bitcoin.com |
16.04.2024 05:06 Bitcoin price started another decline from the $67,000 zone. BTC is showing bearish signs and might soon revisit the $61,000 support zone. Bitcoin failed to clear the $67,000 resistance zone. The price is trading below $65,000 and the 100 hourly Simple moving average. There was a break below a rising channel with support at $64,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend its decline unless it clears the $65,000 resistance zone. Bitcoin Price Recovery Stalls Bitcoin price attempted a recovery wave above the $65,000 resistance zone. BTC even climbed above $66,200, but the bears were active near the $67,000 zone. A high was formed at $66,898 and the price started another decline amid rising tensions between Israel and Iran. There was a move below the $65,000 and $64,000 levels. The price traded below the 50% Fib retracement level of the upward move from the $60,495 swing low to the $66,898 high. There was a break below a rising channel with [...] newsbtc.com |
16.04.2024 05:00 Even with Bitcoin prices facing pressure from sellers, Willy Woo, an on-chain analyst, thinks the coin will reach new highs thanks to the launch of new Bitcoin exchange-traded funds (ETFs). In a post on X, Woo said the coin could soar to as high as $91,000 in a bear bottom but soar to as high as $650,000 in a bull market top. However, Bitcoin will only soar to these mega valuations, assuming that leading asset managers will fully deploy their recommended allocations to the world’s most valuable crypto asset. Bitcoin In A Wide Range At spot rates, Bitcoin looks shaky. Even after the surge to all-time highs of over $73,000 in mid-March 2024, the coin has been under pressure. So far, prices are within a range. There are caps at $73,800, or an all-time high, on the upper end and around $61,000 on the lower end of its current range. Related Reading: Shiba Inu Insider Reveals Top 5 Shibarium Investment Rules As long as prices are inside this zone, the uptrend remains. This preview [...] newsbtc.com |
16.04.2024 04:00 According to the on-chain analysis platform Lookonchian, a long-dormant Bitcoin (BTC) wallet dating back to April 2010, recently transferred 50 BTC, equivalent to $3.328 million. Related Reading: Breaking: Spot Bitcoin And Ethereum ETFs Approved In Hong Kong Unraveling The Transaction: An Exploration of Potential Motives As reported by Lookonchian, 50 BTC mined over 14 years ago, when each block reward was 50 BTC, was divided into two transactions: 17 BTC ($1.1 million) for one wallet and 33 BTC ($2.2 million) for another. The recipient wallet receiving 17 BTC has shown patterns of frequent transactions, possibly indicating its association with a cryptocurrency exchange, particularly Coinbase. The analysis further reveals that the Bitcoin sent to this wallet was subsequently merged with funds from other wallets associated with Coinbase, suggesting a possible deposit into the exchange. A miner wallet woke up after being dormant for nearly 14 years and deposited 50 $BTC($3.28M) to [...] newsbtc.com |
16.04.2024 03:28 Hong Kong’s leading commercial bank, HSBC, continues to invest in its tokenization product lineup. The bank’s CEO, Noel Quinn, stated that he is “very comfortable with the concept of tokenization.” He indicated that the bank will look at ways of tokenizing assets backed by “real” assets. HSBC’s CEO Discusses Tokenization Plans Hong Kong’s leading commercial […] bitcoin.com |
16.04.2024 03:09 Trust Wallet, a crypto wallet provider, has issued a warning for Apple users to disable Imessage, based on “credible intel” about a zero-day exploit available on the dark web for $2 million, which could allow hackers to take control of users’ Iphones without any interaction needed. The alert was met with skepticism by some in […] bitcoin.com |