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Bitcoin Short Squeeze Wipes Out $89M as Price Surges to $52K; ETF Inflows Hit $4B
14.2.2024
The price of bitcoin soared past the $52K milestone on Wednesday, reaching $52,056 per unit on Bitstamp at 10:05 a.m. Eastern Time. Bitcoin’s meteoric rise over the past day triggered a wave of liquidated leveraged positions, wiping out $89.28 million in short positions. ‘Sustained...
Crypto Fear and Greed Index Touches ‘Extreme Greed’ as Bitcoin Soars, Echoing 2021’s Highs
14.2.2024
Bitcoin’s ascent beyond the $51,000 mark has propelled the Crypto Fear and Greed Index (CFGI) into the “greed” territory, registering a notable 74 out of 100. Just a day earlier, the CFGI soared to an impressive peak of 79, denoting “extreme greed” and marking...
Kraken Inquires UK Users Regarding Self-Custodial Wallet Activity, Cites Local Regulations
14.2.2024
Kraken, a prominent cryptocurrency exchange, has recently introduced a new requirement for its users in the United Kingdom. According to a recent post shared by James Van Straten, Kraken is now mandating that its UK users verify their self-custodial wallets or validate their wallet identities...
Bitcoin Technical Analysis: BTC’s Bullish Momentum Signals Strong Market Confidence on Valentine’s Day
14.2.2024
Bitcoin’s price trajectory on Feb. 14, 2024, showcases a robust bullish trend, with the cryptocurrency reaching a 24-hour high of $51,814. Amidst a consolidating market, the digital asset has seen significant growth, marking a 3% increase today, and 21% over the past month. Bitcoin Bitcoin...
Bybit and DMCC commit to grow the future of crypto and Web3
14.2.2024
Bybit and DMCC signed an MOU in June 2023. The purpose was to commit to growing the landscape of crypto and Web3 while also helping Dubai become a global hub in the segment. Dubai Multi Commodities Centre has been a driving force in shaping the future of innovative technologies, and it is only...
Former Binance CEO Changpeng Zhao’s Sentencing Delayed to April 30, Court Notice Reveals
14.2.2024
A U.S. court has postponed the sentencing of Changpeng Zhao, the ousted CEO of the crypto exchange Binance, to April 30. A Seattle Federal Court notice did not share reasons for the delay in Zhao’s sentencing while his lawyer reportedly declined to comment on the matter. Uncertain Times...
CoinDCX commits to a seamless transition for Koinex users
14.2.2024
CoinDCX has announced that it is extending a helping hand to over 1 lakh users of Koinex, enabling them to transition to the new platform with convenience, effective February 4, 2024. The objective is to empower the Indian crypto community. Once transitioned, users can find their assets...
Crypto.com Applies For Crypto Exchange License With Hong Kong SFC
14.2.2024
Crypto.com, the US-based cryptocurrency exchange, has thrown its hat into the ring for a license to operate in Hong Kong. The company submitted an application to the Hong Kong Securities and Futures Commission (SFC) on February 9th, seeking approval to operate as a virtual asset trading platform...
PlayDapp Security Breach Escalates: Cumulative Losses Surpass $290 Million Mark
14.2.2024
The recent PlayDapp security breach has taken a grim turn, with cumulative losses now exceeding $290 million. According to a report by blockchain analytics firm Elliptic, the exploit resulted in the theft of millions worth of PLA tokens, the native cryptocurrency powering PlayDapp’s gaming...
Voyager Investors Sue the NBA and New Jersey’s Oldest Law Firm
14.2.2024
Investors in the bankrupt cryptocurrency exchange Voyager Digital are suing the National Basketball Association (NBA), and New Jersey’s oldest law firm, McCarter & English. This emerging legal battle illustrates how even some of the largest and most reputable brands and companies can quickly...
ICP’s 2023 review: The year of next-gen SNS DAOs and Multi-Chain
14.2.2024
ICP recently released a report to summarize its yearly progress. The report overviewed the multi-chain features, expansive market growth, partnerships, and new projects for ICP. While 2023 was a brutal year for the crypto market, ICP still ended the year with a 30% increase in developer growth....
Sushi Partners With Layer N to Launch High-Speed Derivatives Exchange
14.2.2024
Sushi, the multi-chain decentralized exchange (dex), plans to launch a new high-speed derivatives exchange called Susa using Layer N’s scaling technology, Sushi revealed on Tuesday. The partnership aims to rival centralized exchanges by processing over 100,000 transactions per second with...
Top 10 Industries Where Cryptocurrency is Replacing Traditional Fiat Currency
14.2.2024
Cryptocurrencies, digital assets, and other newer technologies are set to become the most important elements of various industries. In today’s world, more consumers are willing to go cashless and make payments through digital currencies since they offer hassle-free and faster payment systems than...
Philippines to Develop Blockchainless Wholesale CBDC in Two Years
14.2.2024
The Central Bank of the Philippines will develop a central bank digital currency (CBDC) in the next two years, according to Governor Eli Remolona Jr. The still unnamed CBDC will focus on the wholesale market and won’t use blockchain tech, instead relying on the Philippine Payment...
Torrevieja to Become the First Crypto Friendly City in Spain
14.2.2024
Torrevieja, a city of almost 90,000 inhabitants, aims to become one of the first crypto-friendly locations in Spain. The city, in alliance with Apymeco, its merchant association, will incentivize using cryptocurrency as a payment option and give courses for stores interested in learning how...
Bitcoin Price Prediction as BTC Eyes Surpassing Meta in Total Market Cap – $1 Million BTC Incoming?
14.2.2024
As of Wednesday, Bitcoin’s trading value slightly declined to $49,540, marking less than 1% decrease. This fluctuation comes amidst a backdrop of significant developments within the crypto space and broader financial markets. Notably, recent reports from the Financial Crimes Enforcement...
Bitcoin Has Become World’s ‘Most Popular Investment Asset,’ Says Microstrategy Chairman
14.2.2024
Microstrategy’s executive chairman, Michael Saylor, has explained why bitcoin has become “the world’s most popular investment asset.” He noted that following the rebalancing after the launch of spot bitcoin exchange-traded funds (ETFs), the crypto has “found...
Skybridge Founder Says It’s Not Too Late to Buy Bitcoin — Foresees ‘Face-Ripping Rally Incoming’
14.2.2024
Skybridge Capital founder Anthony Scaramucci has explained that it is not too late to buy bitcoin. With bitcoin’s price surging past $50,000, he anticipates that many are wondering if they’ve missed the opportunity to buy the crypto. Scaramucci stressed that his answer is a hard...
Peter Schiff Warns of Bitcoin ‘Pump and Dump’ — Expects to See a ‘Massacre’
14.2.2024
Economist and gold bug Peter Schiff has warned that the current bitcoin price surge looks like “another classic pump-and-dump.” Noting the significant excitement around the new spot bitcoin exchange-traded funds (ETFs), he expressed his skepticism, stating: “I wonder when...
D8X Launches on Polygon zkEVM, Targets Institutional Grade Investors
14.2.2024
D8X, a cryptocurrency decentralized exchange (DEX) for derivatives has launched on Polygon’s zkEVM in a bid to provide an institutional-grade platform for investors in decentralized finance (DeFi). In a recent press release, the company announced its launch on Polygon’s zkEVM, rolling out plans...