February 27, 2024

Speculators And Traders Are Rushing Back Into Bitcoin, On-Chain Data Shows

Bitcoin’s fast-rising price is attracting traders and speculators back into the market, on-chain data suggests. In a Tuesday newsletter, blockchain intelligence firm Glassnode highlighted how risk appetite is increasing across various cohorts of the Bitcoin market, including institutional buyers and short-term holders alike. Bitcoin Holders Back In Profit Since the start of the year, Bitcoin...
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Tornado Cash Vulnerability: Developers Flag Deposits’ Risk Since January 1st

Deposits made to Tornado Cash using IPFS gateways through IPFS gateways like – ipfs.io, cf-ipfs.com, and eth.link – may have been compromised, potentially exposing users’ deposited funds to risk, according to pseudonymous Tornado Cash developer ‘Gas404.’ Affected users were advised to take immediate action to safeguard their deposits. User Deposits Vulnerable According to a blog...
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HTX Withdraws Hong Kong License Application

The Virtual Asset Trading Platform (VATP) is a license provided by the government of Hong Kong that allows crypto exchanges to operate within the bounds of the region. Although the license has been available for several years now, only two exchanges – HashKey and OSL – are currently in possession of one. A number of...
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Ethereum’s Layer 2 TVL Nears $30 Billion as ETH-Related Tokens Surge

Ethereum has witnessed a notable surge in the past week as its Layer 2 TVL nears the $30 billion milestone with sustained momentum. As shown by L2Beat, the cryptocurrency, second only to Bitcoin in market capitalization, has shown an upward trajectory. It is worth highlighting that assets and tokens associated with its ecosystem have also...
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Core Chain’s Vision Paper highlights how BTCfi will open the door to a trillion-dollar Bitcoin economy

[PRESS RELEASE – Cayman Islands, Cayman Islands, February 27th, 2024] Solutions for Bitcoin Scaling: The paper presents a range of technological solutions aimed at scaling the Bitcoin ecosystem without altering its foundational base layer Beyond Layer 2: Highlighting the limitations of existing Bitcoin layer 2 solutions, the paper argues for a novel approach that builds...
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XRP Approaching Crucial Levels, When Will It Trigger a 35% Rise to Breakout of the Pattern?

The crypto markets appear to have approached crucial levels, which indicates they are at the foothills of a massive explosion. With the onset of a fresh Bitcoin rally, the altcoins could also trigger a strong rally, which could ease the remaining bearish pressure in the markets. Despite the current market conditions, a popular altcoin, Ripple...
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Peter Brandt Predicts $200,000 Bitcoin (BTC) Peak by 2025 After Channel Breakout

Popular trader Peter Brandt has adjusted his forecast for Bitcoin’s peak in the ongoing bull market. The commodity and foreign exchange trader for over thirty years now has predicted that the leading crypto asset will hit $200,000, a significant increase from the earlier projection of $120,000. Brandt anticipates that the ongoing bullish cycle is poised...
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Spot Ethereum ETF in May and Bitcoin Price at $88K by 2024’s End? (Research)

Bitwise research analyst Ryan Rasmussen projects a 50% probability of spot Ethereum ETFs receiving approval from the U.S. Securities and Exchange Commission (SEC) in May. Furthermore, he anticipates Bitcoin reaching $88,000 by the conclusion of 2024. Ethereum ETF Approval Hangs in the Balance In a recent interview on Yahoo Finance, Rasmussen emphasized that ETFs are...
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Patex Propels Latin American Crypto Revolution with $PATEX Token Listing on Leading IDO Platforms

[PRESS RELEASE – São Paulo, Brazil, February 27th, 2024] Patex, a blockchain ecosystem for the Latin American market, has announced the upcoming listing of its native token $PATEX. The token, which serves as the principal asset of the Patex Network, will be launched on three prominent decentralized fundraising platforms over the course of one week,...
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9 Spot Bitcoin ETFs Reached New Peak in Daily Trading Volume

As Bitcoin notched over 10% daily gains, the trading volume of nine BTC ETFs reached a record high. “New Nine” recently launched spot Bitcoin exchange-traded funds (ETFs), except for Grayscale’s GBTC, experienced a daily trading volume of $2.4 billion. This marked a new peak and nearly twice the usual daily volume, as per analysis by...
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Here’s Why The Crypto Market May Be at the Onset of an Altcoin Season: Bitfinex

The crypto market may be at the onset of an altcoin season, say analysts at crypto exchange Bitfinex, due to Ether’s (ETH) latest performance. According to this week’s Bitfinex Alpha report, the resurgence in ETH’s value is rekindling investor interest in the broader altcoin market, indicating a shift in focus from Bitcoin (BTC) to other...
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Ultimate Crypto Trading Software: Zent Launches Innovative Platform For All Institutional Needs

[PRESS RELEASE – Dubai, UAE, February 27th, 2024] Zent, a pioneering software provider for financial institutions, has unveiled its all-in-one platform for high-speed crypto trading across popular exchanges. The “ultimate tool tailored to institutional teams and trading volumes” offers distinct advantages, eliminating hurdles like delays and market impact. According to a Goldman Sachs report, 2023...
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Will Bitcoin Break All-Time High Before the Halving in April?

The cryptocurrency market is heating up. Many charts are going verticle as Bitcoin’s price topped $57K for the first time in years. As CryptoPotato reported, Bitcoin has been sidelined for a while, but the cryptocurrency exploded by more than 9% in the past 24 hours alone, bringing most of the market with it. This has called for...
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Bitcoin Topped $57K, Ethereum Surpasses $3.2K: Details

Bitcoin (BTC) has surged above $56K, an all-time high achieved almost three years ago on February 20, 2021. The last time BTC was at these levels was in November of the same year. Monday 26th has been one of the most intense days for the crypto industry, with the two leading assets, BTC and ETH,...
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Pepe (PEPE) Price Surged Iconically, While Dogecoin (DOGE) & Shiba INU (SHIB) Grapple: Will Memecoin Mania Revive?

The crypto markets appear to have reached the end of the initial phase of the bull run, in which tokens have become more stable. With a calculated rise, the upcoming rally could be stronger and last longer compared to the previous one in 2021. One such rally that raised many eyebrows is PEPE, which soared...
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Will the SEC Mirror Bitcoin’s ETF Approval Timeline for Ethereum? Experts Weigh In

According to attorney Scott Johnsson, the U.S. Securities and Exchange Commission (SEC) may greenlight an Ethereum (ETH) spot ETF as soon as May 2024. Johnsson estimates that approval could be expected by mid-2025 if this timeline is unmet. Spot Ethereum ETF Approval May Follow BTC’s Timeline In his post on X, Johnsson highlighted the SEC’s...
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Bitcoin (BTC) $ 95,770.66 1.59%
Ethereum (ETH) $ 3,329.14 0.92%
Tether (USDT) $ 1.00 0.17%
XRP (XRP) $ 2.25 0.18%
BNB (BNB) $ 657.31 0.72%
Solana (SOL) $ 182.70 0.09%
Dogecoin (DOGE) $ 0.318905 0.74%
USDC (USDC) $ 1.00 0.18%
Lido Staked Ether (STETH) $ 3,323.29 0.87%
Cardano (ADA) $ 0.894552 1.04%