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Monday’s Market Action Sees $36.7 Million Outflow From US Spot Bitcoin ETFs
16.4.2024
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...
After Bitcoin’s halving, will Altcoins be able to weather the storm?
16.4.2024
A standard Bitcoin halving has the same effect on altcoins as it does on Bitcoin’s supply and demand. Fans and investors in cryptocurrencies are interested in the response of altcoins to Bitcoin. In the face of the Bitcoin halving, alternative cryptocurrencies encounter a multitude...
Bored Ape NFT Prices Plummet to August 2022 Levels, Down 90% From Previous High – Are NFTs Going to Zero?
16.4.2024
During the 2021 cryptocurrency bull run, Bored Apes Yacht Club (BAYC) NFTs became one of the most demanded collections but ultimately succumbed to a decline in demand that impacted the whole NFT market.
The post Bored Ape NFT Prices Plummet to August 2022 Levels, Down 90% From Previous High –...
Drift Foundation Announces 100 Million Token Airdrop for Solana-Based Dex Users
16.4.2024
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...
Fantom (FTM) to start official support for memecoins while this new ICO gives $50,000 USDC away
16.4.2024
While Fantom crypto looks to incorporate meme coins, a new DeFi project known as Octoblock is giving $50,000 worth of USDC in its Initial Coin Offering (ICO). Meme coins on Fantom On April 9, Fantom Co-founder Andre Cronje unveiled a strategic plan to introduce meme coins on the Fantom network...
South Korea may launch Bitcoin ETFs early
16.4.2024
Bitcoin ETF has already marked a pivotal moment in the US, with the Securities & Exchange Commission approving eleven applications effective January 11, 2024. Hong Kong could be the next to launch a Bitcoin ETF. South Korea is on the list too, except it is now considering making an early move...
Miners Race to Discover Block 840,000 as Bitcoin Halving Nears
16.4.2024
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...
Analyst estimates a lower ETF attraction in the Hong Kong market
16.4.2024
One distinction between the US and Hong Kong is that the latter has begun housing Ether ETF. It has yet to move forward with Spot Bitcoin ETF, something that industry leaders have mastered in three months. The analyst believes that Hong Kong does paint a brighter picture with a wider scope when...
Imminent BTC Supply Squeeze: Bybit Report Suggests Bitcoin Exchanges to Run Dry in 9 Months
16.4.2024
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...
Bitcoin, Shiba Inu, and Dogecoin bring crucial developments
16.4.2024
Bitcoin moved closer to $60,000; Shiba Inu fostered optimism when the ecosystem registered a higher number of daily transactions; and Dogecoin changed hands higher than usual amid a dip in its trading value. It further illustrates the volatility and duality of the crypto market’s movements...
UK Finance broadening the pilot of experimental shared ledger
16.4.2024
UK Finance is broadening the testing stage of the experimental shared ledger to monitor banking payments and unravel the digital assets space. Banks like Barclays, Lloyds Banking Group, Citigroup, and Mastercard, and Visa are connected with the testing stage. The test is the way forward to building...
Umoja Partners With Merlin Chain to Launch Bitcoin’s First High-Yield Synthetic Dollar
16.4.2024
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...
OKX debuts X Layer Mainnet, bringing 50m users on-chain
16.4.2024
The dazzling firm OKX, famous for crypto trading and Web3 technology, recently released the public X-layer version. The network is fully developed using ZK Rollups, which work on Ethereum’s Zero Knowledge (ZK) Layer-2 (L2) system and seek to enable collaborative resource sharing and trading...
Dogecoin Price Prediction as Tweet By Billionaire Elon Musk Sends DOGE Volume Soaring – Is He Secretly Buying Again?
16.4.2024
DOGE has fallen by 6% in the past 24 hours, with the Dogecoin price dropping to $0.1559 as the cryptocurrency market as a whole suffers a 5% loss today.
The post Dogecoin Price Prediction as Tweet By Billionaire Elon Musk Sends DOGE Volume Soaring – Is He Secretly Buying Again? appeared first...
Hans Zimmer Composes Anthem for TRON, Coining It the ‘Web3 Generation’ Theme Song
16.4.2024
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...
INJ 3.0 coming to Injective with Injective tokenomics upgrade
16.4.2024
Injective recently announced the release of its upcoming upgrade, INJ 3.0. According to Injective’s official X account, INJ 3.0 will bring a massive upgrade to Injective tokenomics. After INJ 3.0, $INJ will become the most deflationary asset in the market. The latest proposal will directly decrease...
Experts: Nigeria’s Binance Crackdown Shakes Investor Confidence
16.4.2024
The Nigerian government’s crackdown on cryptocurrency exchanges, including its targeting of Binance, has prompted some cryptocurrency firms to reconsider plans to either enter or further invest in the West African nation. A founder of a cryptocurrency exchange stated that the crackdown on Binance...
Bitcoin ATH likely after halving event, new BRC-20 project about to explode
16.4.2024
The price of Bitcoin ($BTC) took another hit over the weekend and has once again fallen below the $70k mark. However, things are not all doom and gloom, as this may be a perfect time to buy $BTC before it hits a new all-time high. If historical trends hold up, Bitcoin could be out to …
LBBW forges an exclusive collaboration with Bitpanda
16.4.2024
LBBW forms an exclusive collaboration with Bitpanda to offer the required framework for investment-as-a-service aimed toward business houses launching at the end of 2024. This will facilitate storing and obtaining multiple cryptocurrencies such as Bitcoin and Ether. Incidentally, Bitpanda is...
Dash: More than just privacy – Unlocking its benefits!
16.4.2024
Dash is a cryptocurrency that seeks to replace fiat money in daily transactions. It began as a Bitcoin fork and was released in 2014. Dash extends its usefulness beyond anonymity to various fields. Beyond privacy, Dash enables quick, safe, and affordable transactions worldwide. Innovative projects...