Kryptowaluty - wiadomości
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03.05.2024 04:00 An analyst has pointed out how Bitcoin recently closed below a historically important on-chain level, a failure to reclaim which could spell trouble for BTC. Bitcoin Fell Below Short-Term Holder Cost Basis In Latest Crash In a new post on X, Maartunn discussed BTC’s recent close below the realized price of the short-term holders and stressed its importance in reclamation. The “realized price” here refers to an on-chain indicator that tracks the price at which the average investor on the Bitcoin network acquired their coins. In other words, it measures the average cost basis in the BTC market. Related Reading: Bitcoin On Track For $1 Million Per BTC “Fair Value”, Analyst Says When the spot value of a cryptocurrency is below this metric, it means that the average investor in the market is carrying their coins at a loss right now. On the other hand, being above the indicator suggests that the holders as a whole are in the green currently. In the current topic, the realized price of the [...] newsbtc.com |
03.05.2024 03:00 Shiba Inu (SHIB) is capturing significant attention following a colossal transfer of tokens and a prediction of a bullish breakout. This event has piqued the curiosity of both traders and analysts alike, sparking debates and expectations about the future trajectory of this popular meme coin. Related Reading: Crypto Analyst Predicts 244% Shiba Inu Rally Based On Bull Flag Large SHIB Token Transfer Sparks Speculation Recently, the crypto community witnessed an extraordinary transaction involving the movement of nearly two trillion SHIB tokens from the trading platform Robinhood to an undisclosed wallet. This transfer, identified by Whale Alert, a blockchain tracking service, involved two tranches of 875 billion SHIB each, culminating in a total of 1.75 trillion SHIB. Valued at approximately $39.2 billion, this movement has led to rampant speculation about the potential implications for the SHIB market. ???? 875,000,000,000 #SHIB (19,666,682 USD) transferred from #Robinhood to unknown [...] newsbtc.com |
03.05.2024 02:10 Crypto prediction website Telegaon has provided insights into when Cardano (ADA) will hit $45. A rise to that price level represents an 8.900% price gain from its current price level, which will appeal to ADA holders, especially given the crypto token’s recent unimpressive price action. When Cardano Will Rise To $45 Telegaon predicted in a blog post that Cardano will reach $45 by 2050. They highlighted $45.87 as the maximum price the crypto token will likely attain that year. Meanwhile, $39.12 and $42.41 are predicted to be ADA’s minimum and average prices that year. The prediction site claims that Cardano’s parabolic rise will occur due to several factors. Source: Telegaon These factors include “trading volume, market trends, investor sentiment, technological developments, and external influences.” It is worth noting that the Cardano has performed incredibly well in terms of technological advancements as the network has continued to rank among the top blockchains by development [...] newsbtc.com |
03.05.2024 01:52 Block co-founder Jack Dorsey told shareholders of its Bitcoin-buying plan, saying it’s an “investment in a future where economic empowerment is the norm.” cointelegraph.com |
03.05.2024 01:36 Coinbase has released its first quarter report for
2024, showcasing a substantial 72% quarter-on-quarter increase in total revenue
to $1.6 billion. This surge was accompanied by a notable net income
of $1,176 billion, representing an increase of 1,588% YoY. This figure represents a turnaround from a net loss of $79 million in the same period last year. Compared to last quarter, Coinbase's net income surged 331%.The cryptocurrency exchange experienced an uptick in
its market share across US spot and derivatives trading, along with reaching record highs in Coinbase Prime usage and USDC market capitalization. According to the company, notable international operations significantly contributed to the overall growth.Impact of Bitcoin ETFsCoinbase mentioned: "While we cannot attribute the increase in market capitalization to a specific driver, we believe this increase was influenced by a variety of factors, such as the launch of the Bitcoin ETFs, which have experienced over $11 billion in [...] financemagnates.com |
03.05.2024 01:28 Michael Saylor delivered Keynote remarks at MicroStrategy (MSTR) World: Bitcoin for Corporations conference to attending Fortune 1000 companies. bitcoinmagazine.com |
03.05.2024 01:16 Standard Chartered Bank has warned that bitcoin’s price could potentially decline to $50,000. The head of digital asset research at the bank attributed this forecast to a mix of crypto-specific factors and broader macroeconomic influences. Additionally, he warned about the risk of liquidation for some spot exchange-traded fund (ETF) positions, emphasizing that over half of […] bitcoin.com |
03.05.2024 01:03 The Hong Kong Bitcoin ETF launch was in the top 20% of launches, and 77% of local crypto holders still plan to invest: Asia Express. cointelegraph.com |
03.05.2024 01:00 Layer 2 (L2) blockchain Eclipse and developer-oriented bridge Neon EVM have formed a new collaboration to implement changes in the blockchain landscape, increasing interoperability and scalability with the integration of Ethereum (ETH) and Solana (SOL). Aiming to combine the capabilities of both blockchains, Eclipse has consolidated the compatibility between the Ethereum Virtual Machine (EVM) and the Solana Virtual Machine (SVM) by deploying Neon Stack. Solana And Ethereum Integration The primary objective of this collaboration is to integrate Solana’s transaction handling capabilities, which can process thousands of transactions per second, into Ethereum. Related Reading: Ripple Unlocks 1 Billion XRP From Escrow – How Will This Impact Price? This integration will be facilitated by Neon Stack, a standardized development stack that enables smart contract developers to achieve Ethereum Virtual Machine compatibility on Solana Virtual Machine-based blockchain networks. Eclipse plans to [...] newsbtc.com |
03.05.2024 01:00 PRESS RELEASE. As a part of Bitcoin Asia Week 2024, the “Scaling Bitcoin Together” event will take place on May 11, 2024, in Hong Kong. This event will bring together top blockchain experts to discuss how to grow the Bitcoin ecosystem. The “Scaling Bitcoin Together” aims to foster discussions that propel the development of the […] bitcoin.com |
03.05.2024 00:00 This crypto cycle achieved some remarkable feats during Q1 2024, including the highest monthly and quarterly close in Bitcoin (BTC) history. However, BTC suffered a retrace that dragged Ethereum (ETH) and the rest of the crypto market down as the year’s second quarter started. Now that we are one month into Q2, the market faces another correction. The most recent retrace became the deepest of the cycle, with Bitcoin nosediving into the $57,000 support zone and Ethereum falling below $3,000. Despite the market’s stumble, analysts remain optimistic for what’s to come. Related Reading: Is This Cycle’s Bitcoin Bottom In? Analysts Forecast BTC Bounce Back What Makes This Cycle Different? Traders and analysts have urged investors not to panic about the retraces yet. A broader look shows that the market is above levels not seen since the last bull run. As many have discussed, there’s a significant resemblance between this cycle’s performance and previous ones. However, analysts have also [...] newsbtc.com |
02.05.2024 23:55 Cryptocurrency enthusiasts largely oppose CBDCs — but industry leaders including Consensys, Ripple and Stellar are throwing their weight behind them. cointelegraph.com |
02.05.2024 23:52 Lawyers for the firm claimed that any alleged losses caused by the platform’s or Do Kwon’s actions happened outside the United States, beyond the SEC’s authority in the civil case. cointelegraph.com |
02.05.2024 23:45 Coinbase Q1 earnings exceeded full-year 2023 results thanks to market conditions driven by new Bitcoin ETFs. cointelegraph.com |
02.05.2024 23:33 A breakdown by Andrew Poelstra on how Lamport Signatures, a hash based signature scheme, can be used to create a global state that any Bitcoin transaction can reference to settle smart contracts. bitcoinmagazine.com |
02.05.2024 23:33 Block’s first-quarter 2024 results beat Wall Street analyst estimates on earnings and revenue which saw its share price surge after the bell. cointelegraph.com |
02.05.2024 23:13 JPMorgan has highlighted a significant increase in selling and profit-taking across equity and crypto markets, driven largely by retail investors. The global investment bank also observed institutional momentum traders and quantitative funds reducing positions, particularly in stocks, bitcoin, and gold. Insights on Market Trends by JPMorgan JPMorgan, a global investment bank, has provided insights on […] bitcoin.com |
02.05.2024 23:00 The Dogecoin price action seems to have turned bearish after a bearish close to April. Projections for the meme cryptocurrency are not bullish in the short term, especially considering the fact that it is now experiencing a 47% price correction from its highest point in the current market cycle. Despite its recent plunge, one analyst believes all is still well with Dogecoin, and the crypto asset is only gearing up for a bull run into new price territories. Dogecoin Repeating Behavior From Previous Bull Run According to a recent analysis by popular crypto analyst Ali Martinez, Dogecoin’s current price action is setting up for a potential bull run, despite the cryptocurrency’s ongoing price correction. His analysis is based on interesting patterns on the Dogecoin price chart. Although they are a very volatile asset class, patterns are an interesting way to predict the future movement of cryptocurrencies. Now, Dogecoin appears to be repeating some of the same patterns that led to its [...] newsbtc.com |
02.05.2024 22:50 Ether price is up today as interest in the spot ETH ETF in Hong Kong and investors’ expectation of a looser monetary policy in the U.S. boosted sentiment. cointelegraph.com |
02.05.2024 22:48 The blockchain analytics firm will provide tools to spot sanctioned and illicit activity and provide market information. cointelegraph.com |
02.05.2024 22:17 The layer-two initiative known as BOB, short for ‘Build on Bitcoin,’ has declared its mainnet operational with over 40 apps launching in the initial phase. Notably, the BOB application that facilitates bridging and access to the ecosystem is geo-blocked in the United States. BOB Mainnet Activates, Project Expects a ‘Bitcoin-Driven Defi Summer’ On May 1, […] bitcoin.com |
02.05.2024 21:30 According to Senators Elizabeth Warren and Angus King, the Iranian government has used funds from crypto mining to fund terrorist organizations. cointelegraph.com |
02.05.2024 21:21 On Thursday, Zksnacks, the developer behind Wasabi Wallet, announced its decision to cease its coinjoin services following regulatory measures in the U.S. The company stated that the wallet will now operate as a standard non-custodial bitcoin wallet without the coinjoin feature. Zksnacks Withdraws Coinjoin Feature from Wasabi Wallet Following intensified regulatory scrutiny in the U.S., […] bitcoin.com |
02.05.2024 21:18 The Atomicals protocol provides a transparent, secure record of ownership and history for Bitcoin NFTs. cointelegraph.com |
02.05.2024 21:00 As Bitcoin slumps, on-chain data by Ki Young Ju, the founder of the blockchain analytics platform CryptoQuant, paints a stark picture: all new whales, including holders of spot exchange-traded funds (ETFs), are now underwater. New Whales And Spot ETF Investors Are In Red Taking to X, Ju said that more losses would be incoming, predicting that HODLers will find “max pain” at around $51,000. The dip is less than $10,000 from spot rates, suggesting that although there are cracks, the correction might not be deep. Related Reading: Whales Dive In, But Dogecoin Price Sinks 20%: What’s Going On? This overview is welcomed, considering the recent sell-off. Even so, predicting price bottoms in a fast-moving market influenced by multiple forces is tough. As price action stands, Ju says believers may take the opportunity to double down on the coin. The founder adds that the current price discount presents an opportunity for savvy investors to outperform traditional finance whales, including [...] newsbtc.com |
02.05.2024 20:22 Recently, Messari’s founder and CEO, Ryan Selkis, has expressed strong opinions about the potential impact of a Joe Biden reelection on the cryptocurrency industry in the United States. On Thursday, Selkis voiced his concerns on the social media platform X, stating that a “second Biden term will lead to mass wealth confiscation and crypto seizures.” […] bitcoin.com |
02.05.2024 20:20 Representatives Mike Flood and Wiley Nickel urged SEC Chair Gary Gensler to stop discriminating against Bitcoin funds in a letter. cointelegraph.com |
02.05.2024 20:05 Bitcoin price shows signs of a recovery, but analysts are uncertain whether the strongest part of the correction has passed. cointelegraph.com |
02.05.2024 20:00 The Bitcoin price continues to trend below $60,000 as a 20% decline triggered a brutal market-wide crash. This has exposed multiple critical support points for the cryptocurrency, some of which the price has already fallen below. In light of this, a crypto analyst known as Norok has revealed the level the BTC price must not fall below to maintain its bullish trend. Bitcoin Price Must Hold Above $51,800 In an analysis posted on the TradingView website, crypto analyst Norok revealed that $51,800 is now the most important support level for Bitcoin. Norok pointed out that Bitcoin has since returned to its last support level which was last seen in December 2023, making this a crucial support. In the meantime, the support that had been built up by bulls at the $62,000 level has since been broken by bears and has now been turned into resistance. Nevertheless, the crypto analyst does not believe that the Bitcoin price has turned bearish, despite the crash that has rocked the crypto market. [...] newsbtc.com |
02.05.2024 19:48 The Telegram-TON hookup opens up a broad spectrum of Web3 opportunities for Telegram’s 900 million monthly users, Pantera Capital said. cointelegraph.com |
02.05.2024 19:14 Coinbase, a leading U.S.-based cryptocurrency exchange, has finally announced the implementation of the lightning network, a Bitcoin layer 2 scaling solution. Coinbase will now allow its users to take advantage of this scaling protocol to avoid paying high fees for Bitcoin transactions, enhancing the utility of crypto for customers using Coinbase’s services. Coinbase Adds Lightning […] bitcoin.com |
02.05.2024 19:05 Mr. 100, an entity previously identified as Upbit, has bought over $147 million worth of Bitcoin for the first time since the halving, suggesting an end to the current retracement. cointelegraph.com |
02.05.2024 19:02 MoonPay has partnered with PayPal to introduce a crypto
purchasing option for cryptocurrency app users in the US. This service
enables users to use PayPal for transactions via wallet transfers, bank
transfers, and debit cards. The integration promises to enhance the
accessibility and convenience of buying and trading cryptocurrencies by
bridging the gap between traditional financial services and the crypto market.Expanding Crypto AccessibilityAccording to the announcement on X, the
collaboration between MoonPay and PayPal signifies a significant milestone in
the journey towards mainstream adoption of cryptocurrencies. Users have access to a wider range
of digital assets as PayPal extends its offering of crypto tokens
through MoonPay. Additionally, PayPal's integration into MoonPay's ecosystem represents a
significant achievement in overcoming barriers to cryptocurrency adoption. Traditional banks have often imposed
restrictions on transactions
related to cryptocurrencies, leading [...] financemagnates.com |
02.05.2024 19:00 An analyst has explained how the “fair value” of Bitcoin appears to be on track to achieve the $1 million milestone by 2035. Bitcoin Total User Count Could Forecast Fair Value Path Forward In a new post on X, analyst Willy Woo has discussed about how the fair value of Bitcoin could look like in the future based on the growth curve in the total user count on the network. Related Reading: Bitcoin Greed No More: Sentiment Back At Neutral After $57,000 Plunge The “total user count” here refers to the total number of investors present in the BTC space. Often, this metric is equated with the total number of addresses on the network carrying a balance, but in reality, it’s not the most accurate method as a lot of investors own multiple wallets. To make an estimation of an adoption curve, Woo has referred to all past studies done on the user count. The analyst shared the below chart in an X post a few days back. The adoption curve of the cryptocurrency over its entire history | Source: [...] newsbtc.com |
02.05.2024 19:00 PRESS RELEASE. Road Town, British Virgin Islands — May 2, 2024. EYWA, a consensus bridge that secures transactions across multiple protocols, has raised a total of $7 million as it delivers the new era of Web3 interoperability. The investment has been led by Curve Finance founder Michael Egorov — with the project recently attracting two […] bitcoin.com |
02.05.2024 18:48 In a legal saga that has captured international attention, a
Nigerian court has adjourned the money laundering trial against cryptocurrency
exchange Binance and two of its executives until May 17. The decision came
after a lawyer representing the exchange informed the court that he had not
been served with the essential documents necessary to prepare for the case.Legal Proceedings Adjourned Binance, along with its executives Tigran Gambaryan and
Nadeem Anjarwalla, find themselves embroiled in legal proceedings alleging
money laundering exceeding $35 million and engaging in specialized financial
activities without the requisite license. Gambaryan, a US citizen and head of
financial crime compliance, and Anjarwalla, a British-Kenyan serving as a
regional manager for Africa, stand accused in this high-stakes trial.During Thursday's court session, Binance's legal
representative raised concerns about not receiving the additional proof of
evidence crucial for preparing the defence. The [...] financemagnates.com |
02.05.2024 18:19 We’re thrilled to announce that Kraken now supports new margin pairs for Internet Computer (ICP), Pepe (PEPE), Shiba Inu (SHIB) and DogWifHat (WIF)! Margin trading is now available for the below pairs for ICP, PEPE, SHIB and WIF: Pair base Pair name Available leverage Long Position Limit Short Position Limit ICP ICPUSD 3 3000 3000 […]
The post Expanded margin pairs available for ICP, PEPE, SHIB and WIF! appeared first on Kraken Blog. blog.kraken.com |
02.05.2024 18:04 MicroStrategy’s (MSTR) Bitcoin for Corporations conference has kicked off day 2, featuring Wall Street executives and leading fintech professionals exploring the future of corporate Bitcoin adoption. bitcoinmagazine.com |
02.05.2024 18:00 Cryptocurrency analyst Rekt Capital has come up with an intriguing narrative pointing to several trends in the current price action of Bitcoin that are similar to the price trends seen in the 2016 bull cycle, even as market sentiments continue to dwindle. Bitcoin Trends Reiterating 2016 Pattern According to Rekt Capital, more than a month after the initial analysis, Bitcoin keeps demonstrating how much it closely resembles the cycle of 2016. Similar to 2016, Bitcoin has experienced further declines over the past three weeks following the Halving below the Range Low of its Re-Accumulation Range also known as the Post-Halving Danger Zone The post read: Over a month later Bitcoin continues to prove how it is more similar to the 2016 cycle. Just like in 2016, Bitcoin in this cycle is seeing additional downside below the Range Low of its Re-Accumulation Range in the three-week window after the Halving (i.e. Post-Halving “Danger Zone”). Given that Rekt Capital already addressed the concept [...] newsbtc.com |
02.05.2024 17:46 A judge in Nigeria reportedly adjourned proceedings in a case against Binance and two executives until May 17 to allow lawyers to review certain documents. cointelegraph.com |
02.05.2024 17:44 David Marcus, the former president of Paypal and the current CEO of Lightspark, envisions bitcoin as the primary currency for artificial intelligence (AI) in the future. He describes bitcoin as “maximally neutral,” highlighting its advantages over conventional fiat currencies like the euro or the U.S. dollar. Bitcoin Poised to Become Default Currency for AI, Says […] bitcoin.com |
02.05.2024 17:30 Deep fake nudes to be outlawed in UK and Australia, pick up artists fake big live stream audiences to meet women, plus more news: AI Eye. cointelegraph.com |
02.05.2024 17:00 On-chain data recently showed that Ripple carried out its monthly escrow unlock for May. As expected, this has raised concerns about how it could affect the XRP price, especially since Ripple has been accused of manipulating the token’s price. Ripple Unlocks 500 Million XRP Tokens Onchain data revealed 500 million XRP tokens were unlocked from Ripple’s escrow on May 1. The crypto firm is known to unlock 1 billion tokens monthly, although it looks to have only unlocked half this time around. The magnitude of these tokens always raises concerns, considering the negative impact they could have on the altcoin’s price if dumped on the market. Further analysis of the on-chain data shows that Ripple sent 300 million XRP out of the unlocked tokens to an escrowed account (2Not4co2op). Meanwhile, the crypto firm sent the remaining 200 million XRP tokens to another wallet (4vt5x1o91m). Considering that the 200 million XRP tokens weren’t sent to escrow, Ripple may have plans to sell them at [...] newsbtc.com |
02.05.2024 16:59 Bitcoin bulls see signs of the worst being over as a BTC price bounce gathers pace toward $60,000. cointelegraph.com |
02.05.2024 16:49 A Binance user unknowingly withdrew one of just four extremely rare Bitcoin "Epic Sats" from 2016, representing a potential multi-million dollar oversight by the exchange. bitcoinmagazine.com |
02.05.2024 16:19 A new study by Fidelity Digital Assets reveals that as bitcoin matures, its volatility is decreasing, making it less volatile than several S&P 500 stocks. “As the asset class matures and its total market cap grows, the inflow of capital is expected to have a smaller impact because it will be flowing into a larger […] bitcoin.com |
02.05.2024 16:00 An analyst explained how Shiba Inu could be heading towards a massive rally based on a bull flag pattern that forms in its daily chart. Shiba Inu Has Been Consolidating Inside A Bull Flag Recently In a new post on X, analyst Ali has discussed about a bull flag that has recently appeared in the daily price of Shiba Inu. The bull flag is a pattern in technical analysis (TA) that, as its name suggests, is shaped like a flag on a pole. The pattern forms when an uptrend is followed by a period of consolidation inside a parallel channel toward the downward direction. The starting uptrend makes up for the pole, while the channel acts as the flag. Related Reading: Bitcoin Greed No More: Sentiment Back At Neutral After $57,000 Plunge Like other TA patterns, the consolidation channel or flag here comprises two parallel lines. The upper level connects the price tops, while the lower one joins the bottoms. When the asset retests either of these levels, it’s probable to undergo a reversal, with [...] newsbtc.com |
02.05.2024 15:45 Binance has exchanged a diversified $1 billion crypto portfolio in SAFU funds into USD Coin. cointelegraph.com |
02.05.2024 15:35 Today, the price of Solana has risen, propelled by a series of positive announcements related to the network and the Fed's decision to forego rate hikes in 2024. cointelegraph.com |
02.05.2024 15:18 Stronghold announced its first quarter results for 2024 and revealed that it is considering a range of options to increase shareholder value including selling the business. cointelegraph.com |
02.05.2024 15:13 Dogecoin (DOGE), the Shiba Inu-faced darling of the 2021 memecoin frenzy, has found itself shivering in the current crypto winter. Once a symbol of retail investor exuberance, DOGE has plummeted over 70% from its sky-high peak, leaving its future shrouded in uncertainty. Related Reading: Bitcoin Slide Over? Top Analysts Unanimously Call $56,000 The Bottom DOGE Feels The Crypto Frost While Bitcoin, the heavyweight champion of the crypto world, grabs headlines with its recent wobble, the impact on memecoins like DOGE has been brutal. Unlike Bitcoin’s divided analyst opinions, the sentiment surrounding DOGE is decidedly bearish. At the time of writing, the memecoin was trading at $0.132, down 5.4% up the last 24 hours but sustained a 20% loss in the last seven days, data from Coingecko shows. Dogecoin price action in the last 30 days. Source: Coingecko Is DOGE A Canary In The Crypto Coal Mine? Some analysts believe DOGE’s struggles are a canary in the coal mine for the entire crypto [...] newsbtc.com |
02.05.2024 15:12 Coinbase won approval to offer cryptocurrency derivative trading to U.S. retail customers, fueling much hope and momentum to the $2.1 trillion cryptocurrency derivative market. Coinbase’s approval arrived following a significant decline in derivative trading volume due to economic uncertainties, regulatory struggles, and a reduction in risk from high wealth accounts and retail traders. Derivative trading, such as futures, options, and others, has dominated the cryptocurrency market since 2014 as investors snap at the opportunity to place bets with little investment for a higher percentage return. A large percentage of the derivative market is influenced by retail traders, fueled by manic meme-stock trading and social media trends on platforms such as X, YouTube and Reddit. Although heavily favoured by institutional investors, who have maintained a fair, open position in the derivative market, Bitcoin exchange-traded funds (ETFs) make up a large share of traded assets. Futures and [...] newsbtc.com |
02.05.2024 15:00 Bitget has released its latest proof of reserves (PoR) report for April 2024, highlighting a Bitcoin reserve
ratio of more than 335%. The cryptocurrency exchange also indicated significant growth in USDT
and ETH user assets since January 2024. The latest report arrived more than a week after the Bitcoin halving event.Exceeding $2.7B in ReservesBitget's PoR report disclosed a total reserve ratio of
176%, with that of ether at 229%. According to the crypto exchange, this
update strengthens its commitment to transparency and financial stability. The exchange has implemented additional measures, such as a protection fund and monthly valuations, to mitigate risks.Gracy Chen, the Managing Director at Bitget,
mentioned: "Bitget is unwavering in its commitment to transparency and
financial stability. Our latest PoR update reinforces our dedication to
safeguarding user assets and upholding the highest accountability standards.
With a total reserve ratio of 176%, Bitget continues to lead by [...] financemagnates.com |
02.05.2024 15:00 MoonPay users in the U.S. can now buy and sell 110 different cryptocurrencies using PayPal transfers via wallet, bank transfers or debit cards. cointelegraph.com |
02.05.2024 14:36 On May 1, 2024, U.S. spot bitcoin ETFs experienced their most significant single-day outflows since their inception on Jan. 11, 2024. ETF Institute Co-Founder: ‘Inflows Don’t Go up in a Straight Line’ Data sourced from coinglass.com reveals that these funds saw a withdrawal of $563.7 million on Wednesday, with Fidelity’s FBTC experiencing the highest outflow, […] bitcoin.com |
02.05.2024 14:20 The growing interest in Runes and Bitcoin DeFi will drive more activity to layer-2 networks, according to Stacks’ product manager. cointelegraph.com |
02.05.2024 14:06 BlackRock says sovereign wealth funds and pensions are having diligence conversations about Bitcoin ETFs, signaling growing institutional Bitcoin adoption despite recent outflows. bitcoinmagazine.com |
02.05.2024 13:43 Making the token nontransferable could force users to pay the 1.5% Friend.tech platform fee in an “ironic” shift from the platform’s non-venture capitalist approach. cointelegraph.com |
02.05.2024 13:30 The recent plummet in Bitcoin’s value below the $60,000 mark has sparked widespread speculation within the crypto community, raising questions among investors and market watchers about the future direction of its price. Marco Johanning, a well-known crypto analyst and founder of The Summit Club, took to X (formerly Twitter) to provide his insights on the current market conditions and what might be expected next. According to Johanning, the recent price action does not signify a market downturn but rather a correction within an ongoing bull market. He emphasizes, “Bitcoin lost the range. What now? First and foremost, a reminder: we are in a bull market, and this is a correction. This is not a rally in a bear market. Or in other words, the high time frame trend is up no matter what.” He supported this assertion with several indicators of a continued bullish trend. First, Bitcoin reached its bear market bottom in November 2022 and subsequently broke above the 200-day moving average, a [...] newsbtc.com |
02.05.2024 13:20 The Middle East and North Africa (MENA) lead the world in the adoption of blockchain and cryptocurrencies because governments in the region actively promote digital transformation in their strategic future visions, according to Faisal Al Monai, chairman and co-founder of Droppgroup. This commitment by governments in the region “creates a favourable environment for the growth […] bitcoin.com |
02.05.2024 13:17 Shorting Bitcoin on Binance and Coinbase is akin to a high-stakes gamble where mastering margin trading and futures contracts is key to tilting the odds in your favor. cointelegraph.com |
02.05.2024 13:01 The hacker holds about $4.3 million in various crypto assets in their Ethereum wallet. cointelegraph.com |
02.05.2024 12:10 Recent 13F filings show Europe's second largest bank, BNP Paribas, has purchased Bitcoin exposure via a US spot Bitcoin ETF. bitcoinmagazine.com |
02.05.2024 12:00 The Bitcoin halving is widely expected to have a positive impact on the price of the preeminent cryptocurrency, but analysts expect volatile price consolidation in the short term. cointelegraph.com |
02.05.2024 11:51 Despite the excitement around the Hong Kong ETF debut, the inflows are only a fraction of the outflows from U.S. ETFs. Could the Bitcoin price revisit the $50,000 mark next? cointelegraph.com |
02.05.2024 11:24 In a statement, Microsoft said it will collaborate with the Malaysian government to establish a “national AI Center of Excellence” and improve cybersecurity capabilities. cointelegraph.com |
02.05.2024 11:00 Bitcoin (BTC) has been battered by a relentless bear market over the past month, with its price tumbling 20% from its record highs. However, amidst the carnage, glimmers of hope emerge as prominent analysts predict a potential bottom forming around the current $57,000 mark. Related Reading: Solana Crawls: Network Update Fails To Fix Traffic Jam, Price Feels The Pinch Tough Opening Month For Bitcoin The start of May has not been kind to Bitcoin. The once-dominant cryptocurrency has seen a steady decline, plunging back to levels last witnessed in March before its monumental surge to $73,700. This recent price drop represents the most significant decline of this cycle, raising concerns about a prolonged bear market. The pain extends beyond Bitcoin, with the broader altcoin market feeling the tremors. Litecoin (LTC), the silver to Bitcoin’s gold, has mirrored the downward trend, shedding a staggering 25% of its value in the past month. While historically seen as a more stable alternative [...] newsbtc.com |
02.05.2024 10:44 The law enforcement agency managed to track the funds linked to the E-Nugget scam app to different crypto exchanges and, with their help, seized over $10.5 million in crypto assets. cointelegraph.com |
02.05.2024 10:38 LayerZero’s ZRO perpetual futures contract is trading at $8.6 on Hyperliquid, the world’s largest perps DEX, suggesting a potential $17 billion fully diluted valuation. cointelegraph.com |
02.05.2024 10:25 BTC price action spooks ETF investors, data shows, but there is reason to believe that Bitcoin is seeing a broadly healthy correction. cointelegraph.com |
02.05.2024 10:22 Bitfarms is actively working to triple its current hash rate capacity to 21 exahashes per second with a $240 million investment. cointelegraph.com |
02.05.2024 10:19 Unknown attackers recently siphoned digital assets valued at just under $1.6 million from the decentralized finance protocol, Pike Finance. The protocol announced it is offering a 20% reward for the return of the funds, while an ongoing investigation into the incident continues. USDC Vulnerability The decentralized finance (defi) protocol, Pike Finance, said on May 1 […] bitcoin.com |
02.05.2024 10:03 The FBI arrested a New York resident for defrauding investors of at least $43 million in a multi-year Ponzi scheme that included a Las Vegas hospitality business and crypto trading operation. cointelegraph.com |
02.05.2024 09:36 Pike highlighted that the exploit occurred due to their team’s inadequate integration of third-party technologies such as the CCTP or Gelato Network’s automation services. cointelegraph.com |
02.05.2024 09:25 Patricia came under scrutiny following a hacking incident in May 2023, which led to a significant loss of customer funds. cointelegraph.com |
02.05.2024 09:15 In an analysis shared via X, crypto analyst Ali Martinez elaborated on the ongoing price correction of Dogecoin (DOGE), positing that it is a consistent precursor to major bull runs, drawing on historical patterns to forecast future price movements. Martinez’s commentary centers on the chart pattern known as the “descending triangle.” This is a bearish formation that occurs when the price follows a downward trendline intersecting a flat support line. Typically, this pattern indicates a continuation of a downward trend, but in the context of Dogecoin, Martinez suggests it precedes significant bullish breakouts. “The ongoing Dogecoin price correction is part of its usual behavior before massive bull runs! Let’s dive in,” Martinez shared. He explained the historical significance of this pattern in Dogecoin’s trading history: “In 2017, DOGE broke out of a descending triangle. Then, DOGE retraced by 40% before entering a 982% bull run!” Related Reading: Machine Learning Algorithm Predicts [...] newsbtc.com |
02.05.2024 09:03 Arkansas Governor Sarah Huckabee Sanders is expected to sign the bills into law, which will regulate miners’ noise, water use and licensing. cointelegraph.com |
Aave Labs Unveils Ambitious Plans for Protocol V4: Enhancing GHO Stability and Cross-Chain Liquidity 02.05.2024 09:00 Aave Labs proposed a significant upgrade to its protocol, aimed at enhancing features like its stablecoin GHO, introducing a Unified Liquidity Layer for better integration, and improving the protocol’s architecture for cross-chain liquidity across both Ethereum and non-EVM layer-1 platforms. The update also focuses on automatizing interest rates based on market conditions with Chainlink data […] bitcoin.com |
02.05.2024 08:41 The Infinex protocol — dubbed the “UX Layer” of DeFi — is targeting a May 13 launch, pending a final vote from Infinex’s governing council. cointelegraph.com |
02.05.2024 07:53 Bitcoin’s dominance in the crypto market is “now losing major support” and has potentially even “peaked,” according to crypto analysts. cointelegraph.com |
02.05.2024 07:39 Dogecoin extended losses and traded below the $0.1350 resistance zone against the US Dollar. DOGE is now testing an important support at $0.1200. DOGE gained bearish momentum below the $0.140 and $0.1350 levels against the US dollar. The price is trading below the $0.1350 level and the 100 simple moving average (4 hours). There is a major bearish trend line forming with resistance at $0.1350 on the 4-hour chart of the DOGE/USD pair (data source from Kraken). The price must settle above $0.1420 to move into a positive zone and start a fresh surge. Dogecoin Price Extends Losses After a close below $0.150, Dogecoin price extended losses and moved into a short-term bearish zone, like Bitcoin and Ethereum. There was a drop below the $0.1350 support zone. A low was formed at $0.1201 and DOGE is now consolidating losses. There was a minor recovery wave above the $0.1250 level. The price tested the 23.6% Fib retracement level of the downward move from the $0.1640 swing high to the $0.1201 [...] newsbtc.com |
02.05.2024 07:35 Wyoming’s Republican Senator Cynthia Lummis has responded to the Department of Justice’s (DOJ) latest argument regarding non-custodial software. Lummis’s remarks follow the DOJ’s reply brief on the indictment against Tornado Cash developer Roman Storm’s motion to dismiss. Senator Lummis Questions DOJ’s Non-Custodial Wallet Stance, Cites Legal Misinterpretations Senator Cynthia Lummis, a staunch advocate of cryptocurrency, […] bitcoin.com |
02.05.2024 07:04 Crypto firms, wealth management companies, and retail and wholesale banking remain “particularly vulnerable” to financial crime, according to a U.K. Treasury report. cointelegraph.com |
02.05.2024 06:29 Aave Labs shared a proposal for the next version of its protocol, which included improvements to its stablecoin, GHO. cointelegraph.com |
02.05.2024 06:23 Ethereum price started another decline and traded below $2,920. ETH could gain bearish momentum if there is a close below the $2,800 support zone. Ethereum remained in a bearish zone and traded below the $2,900 zone. The price is trading below $2,950 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,050 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $3,050 resistance. Ethereum Price Extends Losses Ethereum price remained in a bearish zone below the $3,120 level, like Bitcoin. ETH traded below the $3,000 level. The bears even pushed the price below the $2,920 level. A low was formed at $2,813 and the price is now consolidating. There was a minor increase above the $2,900 level. The price tested the 23.6% Fib retracement level of the downward wave from the $3,355 swing high to the $2,813 low. However, the bears were active near the $2,950 and $2,965 levels. [...] newsbtc.com |
02.05.2024 05:18 Alliance Resource Partners (ARLP), a coal mining company in the U.S., recently disclosed its use of underutilized electricity loads for bitcoin mining. Cary Marshall, the company’s CFO, revealed that ARLP concluded the first quarter of 2024 with an approximate total of 425 bitcoins. Marshall also stated that during the first quarter, ARLP mined 61 bitcoins […] bitcoin.com |
02.05.2024 05:14 Bitcoin short-term holders are currently holding a 3% unrealized loss, but it “isn’t the end of the world,” according to a crypto analyst. cointelegraph.com |
02.05.2024 05:12 Bitcoin price extended losses and settled below $60,000. BTC is now consolidating losses near $58,000 and remains at risk of more downsides in the near term. Bitcoin extended losses and traded below the $60,000 zone. The price is trading below $59,000 and the 100 hourly Simple moving average. There is a major bearish trend line forming with resistance at $58,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down since there is a daily close below the $60,000 zone. Bitcoin Price Takes Hit Bitcoin price remained in a bearish zone and traded below the $60,500 support level. BTC even settled below the $60,000 level to enter a short-term bearish zone. There was a drop below the $58,000 level. A low was formed at $56,378 and the price is now consolidating losses. There was a minor increase toward the $58,000 level and the 23.6% Fib retracement level of the downward move from the $64,740 swing high to the $56,378 low. Bitcoin is now trading [...] newsbtc.com |
02.05.2024 05:06 BlackRock’s ETF saw around $37 million in outflows for the first time, while the remaining spot Bitcoin ETFs collectively notched over $526.8 million in outflows. cointelegraph.com |
02.05.2024 05:00 Bitcoin is facing a critical juncture as it has entered a ‘danger zone,’ according to prominent gold advocate Peter Schiff. This investor, known for his skepticism toward Bitcoin, suggests that the cryptocurrency is entering a “do or die” phase, potentially marking the end of its bullish run if current trends continue. Breaking Points And Bearish Signals Peter Schiff has often voiced his bearish outlook on Bitcoin, and his latest comments come as Bitcoin has just slipped below the crucial $60,000 mark. Related Reading: Bitcoin Greed No More: Sentiment Back At Neutral After $57,000 Plunge This level had previously served as strong support during the short-term bull run, and its breach has intensified the bearish sentiment among investors. Schiff warns that staying below this threshold could spell doom for the bullish fervor, potentially derailing Bitcoin’s momentum. At the time of writing, Bitcoin is trading at approximately $57,054, teetering close to its 100-day Exponential Moving [...] newsbtc.com |
02.05.2024 04:42 U.S. prosecutors are reportedly investigating the fintech firm after a whistleblower claimed it processed thousands of transactions for users from sanctioned countries and terrorist groups. cointelegraph.com |
02.05.2024 04:30 MicroStrategy has already built an application called Orange For Outlook on “MicroStrategy Orange,” which integrates digital signatures into emails to verify the identity of the sender. cointelegraph.com |
02.05.2024 04:30 Department of Justice (DOJ) federal prosecutors from the Southern District of New York are investigating fintech company Block, formerly known as Square, for significant compliance failures in its transaction monitoring systems after a former employee revealed lapses that included processing transactions with sanctioned nations and groups linked to terrorism. Allegations against Block include handling transactions […] bitcoin.com |
02.05.2024 04:00 Co-founder and Chief Executive Officer (CEO) of Real Vision, Raoul Pal has shed light on the current market state and the future outlook of Bitcoin, the world’s largest cryptocurrency. Despite the cryptocurrency witnessing declines of more than 15%, the financial expert has uncovered a significant pattern that indicates a potential bull flag following Bitcoin’s price correction. Crypto Expert Unveils “Banana Zone” Rally For Bitcoin In an X (formerly Twitter) post published on Tuesday, April 28, Pal shared a yearly chart depicting Bitcoin’s price movements from October 2023 to April 2024. At the time of writing, Bitcoin’s price is trading below the $60,000 mark, at $59,185, marking monthly declines of 15.12% and weekly lows of 11.31%, according to CoinMarketCap. Related Reading: Ethereum Flashes Bullish Signals, Can It Rally 50% From Here? The crypto analyst has suggested that Bitcoin’s recent price correction was a temporary setback. He predicts that once the market fully refreshes, [...] newsbtc.com |
02.05.2024 03:22 The total value locked (TVL) in decentralized applications (defi) experienced a 7% decrease, dropping $10 billion in April, with defi’s ecosystem ending the month at $138.6 billion despite a widespread outflow of funds from several blockchains, such as a significant drop in Avalance and Solana. Despite the overall downtrend, Bitcoin, Base (a Layer two blockchain […] bitcoin.com |
02.05.2024 03:21 Microstrategy has introduced a new enterprise decentralized identity platform, Microstrategy Orange, during the Bitcoin for Corporations segment at the Microstrategy World 2024 event in Las Vegas. Microstrategy Intends to Leverage the Bitcoin Blockchain for Identity Management According to an unofficial draft on Github, the Orange platform leverages the Bitcoin Inscription DID method (did:btc), which incorporates […] bitcoin.com |
02.05.2024 03:00 In a month marked by a challenging correction in the crypto market, Layer 2 (L2) blockchain protocol Optimism has emerged as a standout performer. Within the past 24 hours, Optimism’s native OP token skyrocketed by 9%, positioning it as the best-performing token among the top 100 cryptocurrencies. Behind this surge lies venture capital firm a16z, which has reportedly invested around $90 million in Optimism’s OP token, signaling further institutional support for the layer 2 protocol. OP Receives Major Investment Sources familiar with the matter have revealed to Unchained that a16z has acquired a significant stake in Optimism’s OP token. The investment, which comes with a two-year vesting period, underscores a16z’s interest in the Layer 2 protocol and aligns with its growing involvement in crypto. Notably, a16z’s portfolio already includes crypto exchange Coinbase. Related Reading: Machine Learning Algorithm Predicts Dogecoin Price For May 2024 The investment by a16z comes amidst [...] newsbtc.com |
02.05.2024 02:37 Texas A&M Professor Korok Ray announced the launch of the Bitcoin Research Institute to explore the integration of Bitcoin and artificial intelligence. bitcoinmagazine.com |
02.05.2024 02:22 Riot’s net income was boosted by a 131% year-on-year increase in Bitcoin’s price despite the cryptocurrency becoming more difficult and expensive to mine. cointelegraph.com |
02.05.2024 02:00 Bitcoin has recently concluded April, marking its most significant monthly decline. Despite the bearish momentum, leading market analysts, including Michael van de Poppe, believe that the worst may soon be over, suggesting that Bitcoin is nearing the end of its current correction phase. Bitcoin At The End Of Correction? April was challenging for Bitcoin, as its value plunged nearly 20%, dipping below $57,000, the lowest level traded since late February. Related Reading: Bitcoin’s Profit Crunch: Hash Price Hits Record Low Post-Halving—What’s Next For Miners? This drop is part of an intense market sell-off that has slashed the combined cryptocurrency market cap by nearly 10%, bringing it down to $2.2 trillion. Amid these declines, Michael van de Poppe, a revered figure in the crypto analysis space, provided hope. In his recent statements on the social platform X, Van de Poppe suggested that Bitcoin’s current price levels might be nearing the bottom of this correction cycle. He [...] newsbtc.com |