Bitcoin’s rally breaking into a new all-time high above $70,000 has been unconventional for several reasons. Interestingly, the leading crypto asset is still in its early stages and has a long way to go, according to most experts. In fact, analysts are now weighing in on Bitcoin’s trajectory and expect it to climax in early...Read More
The current bull run stands apart from its predecessors in several significant ways. Bitcoin has undergone three halving events thus far. The first one was in 2012, followed by another in 2016, with the most recent occurring in 2020. Bitcoin surged to achieve new all-time highs only after each halving. Contrastingly, this time, Bitcoin has...Read More
Retail interest in the cryptocurrency market appears to be ramping up following Bitcoin’s rise to $70,000 and above. According to a Tuesday tweet thread, Ki Young Ju, founder and CEO of on-chain intelligence platform CryptoQuant, believes the crypto market is likely halfway to a Bitcoin Euphoria because half of the retail crowd has arrived. Halfway...Read More
The number of new “millionaire” wallets for Bitcoin (BTC) has risen to about 1,500 daily after the cryptocurrency’s price surged to $72,000 recently. However, this increase is modest compared to the daily creation of new millionaires during the previous bull market. The leading cryptocurrency by market capitalization has experienced a 70% price surge since the...Read More
Funds have been flowing out of the Grayscale Bitcoin Trust (GBTC) for more than two months. Moreover, March 11 was the largest outflow for the month. A whopping $494 million worth of BTC exited the fund yesterday. This works out at 6,850 BTC, according to BitMEX Research, which labeled it a record outflow. The BitMEX...Read More
With the ongoing frenzy surrounding spot Bitcoin ETFs propelling BTC to highs beyond $70K, Hong Kong-based entities are preparing to enter the fray with their own offerings. While the demand for ETFs offering exposure to Bitcoin for the retail crowd is soaring, a similar vehicle for Ethereum has also gained significant traction. Recent reports indicate...Read More
X (formerly known as Twitter) has been a popular hook for scammers for over a decade now. However, the tactics employed in these schemes continuously evolve. What’s concerning is that many victims are still falling for scams because of misleading comments made by fake X accounts, leading them to phishing websites. X Fakes Fuel Phishing...Read More
Mudrex, an Indian cryptocurrency investment platform, intends to introduce U.S. spot Bitcoin exchange-traded funds (ETFs) to target both institutional and retail investors within India, according to CEO and co-founder Edul Patel. The move comes amid India’s latest government action to tighten offshore crypto exchanges regulation. Mudrex to Offer Four Spot Bitcoin ETFs In an interview...Read More
The U.S. government will likely seize citizens’ assets in an impending fiscal collapse – but Bitcoin will save the day when it happens, according to ex-Coinbase CTO Balaji Srinivasan. The tech entrepreneur and Bitcoin bull, who forfeited $1.5 million in a high-profile bet on Bitcoin’s price last year, is again raising concerns about the United...Read More
In a recent publication on Ethereum Research dated March 9, Buterin explored the hypothetical situation of a “quantum emergency” potentially arising as soon as tomorrow. Speculating on the implications of such an event, Buterin outlined Ethereum’s readiness to tackle the challenge head-on. Shielding Against Possible Threats Speculating on the hypothetical scenario of a quantum emergency,...Read More
Solana has been highly favored among altcoins, yet its reputation took a hit due to significant network outages. Despite the overall market surge and renewed investor confidence in 2024, inflows into digital asset investment products associated with Solana were not substantial. However, there are signs of a gradual shift in this trend as Solana investment...Read More
ARK Invest, the investment management firm led by Cathie Wood, recently divested 580,000 Coinbase (COIN) shares. The transaction, valued at $149.85 million based on Friday’s closing price, underscores the company’s strategic investment decisions. Second-Largest Offload Since 2023 This sale represents ARK’s second-largest weekly offload of COIN shares since July 2023. The previous record was set...Read More
Tether, the issuer of the largest stablecoin, USDT, has announced the launch of the asset on Celo, a carbon-negative, permissionless, Ethereum Virtual Machine-compatible network. According to a statement sent to CryptoPotato, the collaboration between Tether and Celo could see USDT become a gas currency on the latter’s network, streamlining transactions and fostering efficiency on decentralized...Read More
Business intelligence firm MicroStrategy has completed a $800 million fundraising effort to purchase additional Bitcoin (BTC). The company also used some excess cash and acquired 12,000 BTC, with its total holdings now well above 200,000 BTC. MicroStrategy has acquired an additional 12,000 BTC for ~$821.7M using proceeds from convertible notes & excess cash for ~$68,477...Read More
Since spot Bitcoin ETFs were approved in mid-January, crypto markets have surged a further 60% adding a trillion dollars to total capitalization. Bitcoin charted a new all-time high, but Ethereum did not and has been unable to overcome the $4,000 level decisively. On March 11, Fox Business correspondent Eleanor Terrett said optimism about the U.S. Securities...Read More
Russia, a member of the BRICS alliance, announced the development of a new blockchain-based payment system to revolutionize trade settlements. The system is set to become an independent mechanism for conducting transactions among BRICS member nations. Blockchain-Based Payment System Plans The BRICS alliance, consisting of Brazil, Russia, India, China, and South Africa, plans to collaborate...Read More
The Stanford Blyth Fund, a student-run investment entity at the university, purchased Bitcoin (BTC) at $45,000 in February after a scholar pitched the asset during a meeting. According to a tweet by Kole Lee, a computer science major and leader at the Stanford Blockchain Club, the Blyth Fund has allocated approximately 7% of its portfolio...Read More
The Federal Bureau of Investigation (FBI) has revealed that losses incurred from cryptocurrency investment fraud incidents increased from $2.57 billion in 2022 to $3.94 billion in 2023, representing a 53% increase year-over-year. According to the FBI’s Internet Crime Report 2023, criminals found more ways to scam victims, enticing their targets with promises of lucrative returns...Read More
The stablecoin initiative USDe by Ethena Labs has seen notable adoption, with its market cap surging by over 40% in the last week and by 400% in the last month, reaching $840 million. Following the setback of the Terra ecosystem’s downfall, concerns have been raised within the community about the launch of USDe. However, Arthur...Read More
This bull run is cyclical in nature, and these seven signals suggest it is just getting started. Just three weeks ago, on Feb. 12, Bitcoin’s price crossed the $50,000 threshold. Fundstrat Global Advisors Head of Digital Strategy Sean Farrell said, “This rally in the near term certainly has some room to run.” He was right! The...Read More
Fidelity Digital Assets have stated in a recent report that while Bitcoin (BTC) holders typically anticipate the quadrennial reward halving to boost prices, miners must actively strategize to plan for the upcoming event to prevent going bankrupt. Notably, the halving event, expected on or around April 19, will reduce their earned Bitcoin by 50%. Bitcoin...Read More
Moreover, it’s getting some new digs on Stock Twits, and another crypto exchange has added FLOKI to its trading pairs. FLOKI coin gained more in price on cryptocurrency exchanges last week than Pepe Coin, Dogecoin, Shiba Inu, Bonk Inu, or Wif. Furthermore, the Ethereum and Binance Smart Chain meme coin entered the top 60 biggest...Read More
On March 8, on-chain analytics provider Santiment reported that despite the incredible milestone for Bitcoin, “there is a combined sense of exhaustion and altcoin distraction coming from the trading community right now.” BTC prices briefly topped $70,000 on Coinbase on Friday marking a new all-time high for the digital asset. However, it sharply retreated from this...Read More
The introduction of spot Bitcoin ETFs has attracted a fresh influx of investors, driving a notable increase in trading volume. This trend has generated a wave of optimism that extends beyond Bitcoin itself. But this hasn’t made the launch of a spot Ethereum ETF any earlier as the US Securities and Exchange Commission (SEC) is...Read More
A U.S. court has ruled that Konstantin Ignatov, the brother of Cryptoqueen Ruja Ignatova, who perpetrated the $4 billion OneCoin cryptocurrency fraud, will spend no more time behind bars for his role in the scam. According to a Bloomberg report, U.S. District Judge Edgardo Ramos released Ignatov from prison on March 5 after he pleaded...Read More
A recent Coinbase report notes that the perceived value of numerous AI tokens has been overstated, leading to concerns regarding their sustainability. David Han, a research analyst at Coinbase, highlighted the recent price surges observed in these tokens may be driven more by hype than genuine utility or usage. Surge in AI-Related Crypto Projects Raises...Read More
Arkham Intelligence has revealed that Tesla currently possesses 11.51K BTC, valued at $780 million, distributed across 68 addresses, while SpaceX holds 8.29K BTC, totaling $560 million, spread across 28 wallets. These findings are substantiated by on-chain fund flows that align with financial disclosures from both companies. Tesla and SpaceX’s Vaults: $1.34B in BTC Holdings Laid...Read More
The forthcoming Ethereum Dencun upgrade scheduled for March 13 offers a chance for near-zero transaction fees for layer 2 (L2) solution users, possibly drawing in more new ones, as per a research report by Fidelity Digital Assets. The forthcoming upgrade marks the initial step in Ethereum’s rollup-focused roadmap. This advancement will empower the network to...Read More
Bitcoin accumulation addresses are witnessing record inflows following Bitcoin’s (BTC) surge to its all-time high of $69,000 and the subsequent retracement. According to a weekly report by CryptoQuant, daily inflows into Bitcoin accumulation addresses have risen to 38,000 BTC, pushing the total holdings of such wallets to record-high levels of 1.5 million BTC. Accumulation Addresses...Read More
Pantera Capital is reportedly in the process of securing funds from major investors to acquire heavily discounted Solana tokens from the bankruptcy estate of FTX. The company is raising capital for the Pantera Solana Fund, which presents an attractive opportunity to purchase up to $250 million worth of SOL tokens from the FTX estate. Marketing...Read More
