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Paraguayan Senate Supports Selling Power to Crypto Mining Companies, Criticizes Subpar Energy Agreements With Brazil
13.4.2024
The Paraguayan Senate has approved a resolution supporting selling the country’s energy surplus to crypto mining companies, given the price and guarantees that these institutions offer. The declaration criticizes the subpar agreements that sell energy to Brazil for 25% of the fees collected...
Deutsche Bank Survey: Over Half Expect Crypto to Become ‘Important’ Asset Class and Payment Method
13.4.2024
A new Deutsche Bank survey found that over half of respondents expect cryptocurrencies to become an important asset class and a method of payment. In addition, 10% of respondents expect the price of bitcoin to be above $75,000 by year-end. Deutsche Bank’s Crypto Survey A recent Deutsche Bank...
$10.5 Trillion Asset Manager Blackrock’s Spot Bitcoin ETF Now Holds 270K BTC
13.4.2024
Blackrock, the world’s largest asset manager, shattered its record for assets under management (AUM), reaching a staggering $10.5 trillion. This financial behemoth also continues to dominate the U.S. spot bitcoin ETF market with its Ishares Bitcoin Trust (IBIT), which has amassed nearly 270K...
Top Crypto Gainers Today on DEXTools – 420, WOPE, PEP
13.4.2024
On a day where cryptocurrency markets were roiled by geopolitical tensions in the Middle East and most major altcoins posted declines of north of 10% in the past 24 hours, traders flocked to the on-chain shitcoin markets to find top crypto gainers today.
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Mysten Labs Announces Suiplay0x1, a Web3 Enabled Gaming Handheld
13.4.2024
Mysten Labs, the company behind the development of Sui, a proof-of-stake blockchain project, has announced it is working on developing Suiplay0x1, a Web3-enabled gaming handheld. The organization did not reveal hardware specs but did state that the device would be able to run several app stores...
A Single Custodian Oversees Nearly Half of Bitcoin’s Block Rewards
12.4.2024
Onchain data indicates that a single custodian now manages the coinbase addresses for at least nine prominent mining pools, which collectively account for 47% of Bitcoin’s total hashrate. The analysis shows that substantial miners’ rewards from pools like F2pool, Antpool, Binance...
Cryptocurrency Prices Dump As Middle Eastern Tensions Trigger Risk-off Panic – Here’s The Latest
12.4.2024
Cryptocurrency prices dumped on Friday as rising Middle Eastern tensions triggered risk-off panic selling across financial markets, with Bitcoin (BTC) losing 5% in the past 24 hours to fall under $67,000, and Ether (ETH) dropping 9% to the $3,200 area.
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Leveraged Crypto Traders Hit Hard: $872M Liquidated in a Single Day Amid Bitcoin Price Drop
12.4.2024
On April 12, bitcoin briefly reached above the $71,000 threshold, but its value plunged by more than $3,000 after a substantial sell-off at 2:00 p.m. Eastern Time. The price of bitcoin in USD tumbled to an intraday low of $65,230. Over the past 24 hours, leveraged crypto positions totaling $871.88...
Stablecoin Market Expands by $4.46 Billion in 12 Days
12.4.2024
In the last 12 days of April, the stablecoin sector expanded by $4.46 billion, reaching a current valuation of $155.86 billion. Additionally, the top five dollar-pegged cryptocurrencies experienced an increase in their supplies over the last 30 days. Top Dollar-Pegged Cryptos See Growth Amid...
Report: Bitcoin Miners Strengthen Reserves Ahead of Fourth Halving
12.4.2024
As we near the anticipated fourth Bitcoin halving event, there are only 1,133 blocks left until we reach block 840,000, with the milestone expected to occur in about a week. Recent data from theminermag.com’s Miner Weekly on Thursday shows that bitcoin miners are conserving their reserves...
EMURGO joins hands with Huawei Cloud for Cardano Network expansion
12.4.2024
EMURGO, a business that leads the way in Web3 adoption on the Cardano blockchain, has forged a strategic alliance with Huawei Cloud. By doing this, it hopes to strengthen the Cardano network by installing a Cardano Validator Node on the robust infrastructure of Huawei Cloud. Consequently, further...
Cardano to host two updates in 2024: Chang Hard Fork and Ouroboros Leios
12.4.2024
Charles Hoskinson, the co-founder of Cardano, has said that the blockchain is bringing two major updates this year, which will be in 2024. These are Chang Hard Fork and Ouroboros Leios upgrades. Both serve different purposes but aim to achieve improvement in comparison to what blockchain has at...
US inflation rises, BTC fluctuates, and Asia gears up for Bitcoin ETF
12.4.2024
Three updates have taken the market by storm. First, the US inflation figure is above the expected amount. Second, BTC has started experiencing fluctuations in its value ahead of Halving. Third, Hong Kong is very likely to approve the Spot Bitcoin ETF and become the first Asian country to do...
All AI tokens available for purchase on Crypto.com exchange
12.4.2024
AI or Artificial Intelligence has taken the world by storm. Even the crypto market is not barred from AI’s influence. Crypto.com, one of the biggest crypto exchanges in the market, now also offers several AI tokens for users to buy. According to the Crypto.com review, enthusiasts can choose from...
Sources Say Hong Kong Set to Approve First Spot Bitcoin ETFs as Early as Monday
12.4.2024
A recent report indicates that spot bitcoin exchange-traded funds (ETFs) are poised to receive approval from Hong Kong regulators as early as this Monday, as stated by “people familiar with the matter.” Harvest, Hashkey and Bosera ETFs Likely to Debut in Hong Kong Next Week Following...
Circle deploys USDC smart contract for BlackRock’s BUIDL Fund
12.4.2024
Circle, a leading fintech company and issuer of the USDC stablecoin has announced the deployment of a specialized smart contract tailored to investors in BlackRock’s BUIDL Fund. This innovative, intelligent contract solution aims to streamline and automate the transfer process for investors...
AltLayer introduces the second stage of ALT staking
12.4.2024
AltLayer introduces the second stage of ALT staking, which will allow the dual staking function for users to stake ALT, along with ETH and LSTs. Dual stakers will come in for rewards from the forthcoming Xterio ecosystem rewards. MACH functions as an AVS, wherein users can allocate ETH and LSTs....
Can more Solana news drive price higher, or will BSC DeFi narrative takeover?
12.4.2024
Solana news on developments and announcements helped the SOL price recover from its death knell in the past. Meanwhile, the momentum rallied by DeFi on Binance Smart Chain projects is so intense that it’s taking over the crypto market. New projects like Octoblock, with hot presales...
Gopax Reports Reduced Net Loss of $37 Million After Binance Acquisition
12.4.2024
Gopax, a prominent South Korean cryptocurrency exchange backed by Binance, disclosed a net loss of 51.3 billion Korean won ($37 million) for the fiscal year 2023.
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New cryptocurrency Shiba Inu (SHIB) investors are rapidly adding to their portfolio
12.4.2024
In the dynamic landscape of cryptocurrency investing, one token that has garnered significant attention in recent times is Shiba Inu (SHIB). As new investors enter the market seeking opportunities for exponential growth, many are turning to SHIB as a potential addition to their portfolios. With...