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Bitcoin Dips Below $66,000 Ahead of Fourth Halving, Loses Over 5% in 24 Hours
2.4.2024
The price of bitcoin experienced a decline on Monday, near 10:00 p.m. Eastern Time (ET), tumbling to a position slightly over the $66,000 mark. By 6:30 a.m. the following day, it had edged down further to reach its intraday low of $65,480 per unit. In the wake of this downturn, the crypto...
Bitcoin price falls on weak demand and Fed policy shift
2.4.2024
Bitcoin prices fell due to declining demand for dedicated US exchange-traded funds and falling expectations on weaker Federal Reserve monetary policy. Bitcoin dropped by 5.3%, following which there was a kind of recovery, with the price standing at $66,735. Tokens that were popular within the meme...
BTC offers hope after gaining 800% in 4 years, while USD lost 25%
2.4.2024
Bitcoin offers hope and financial security for traders, gaining 800% value in the past 4 years. Contrarily, the USD, the haven, lost 25% value in the same period. A recent interview on CNBC’s Squawk Box touched on the topic in depth. Since the dollar has lost 25% value in the past 4 years...
Ethereum Issuance Reduction Proposal Prompts Fierce Crypto Community Criticism
2.4.2024
Discussions about adjusting Ethereum’s issuance curve due to staking concentration and other factors are taking place on social media, with some developers in favor and some against this change. A recent article by Mike Neuder, an Ethereum Foundation researcher, highlights that Ethereum...
Bank of Russia: Russians Transacted $51 Billion in Crypto During 2023
2.4.2024
The Bank of Russia noted that Russian nationals transacted $51 billion (4.78 trillion rubles) in crypto during 2023. According to an annual report issued by the bank, its investigations found that volume flows equivalent to the number, especially in bitcoin and ether, were attributed to Russian...
Crypto Market Setup Looks Positive for Second Quarter: Coinbase
2.4.2024
The bitcoin halving, expected in mid-April, remains the main supply-side event, the report said
Groundbreaking prospects: DeeStream (DST) beckons to Bitcoin (BTC) & Ethereum Classic (ETC) advocates with 110x potential
2.4.2024
The Bitcoin halving event is less than a month away and investors of different cryptocurrencies are preparing for it. In this article, we explore the markets of Bitcoin (BTC) and Ethereum Classic (ETC) and the behavior of their investors. We focus on DeeStream (DST), an innovative decentralized...
Spot Bitcoin ETFs Continue to See Net Outflows as BTC Price Drops Below $67K
2.4.2024
Spot Bitcoin (BTC) exchange-traded funds (ETFs) saw net outflows on Monday as the flagship cryptocurrency dropped below $67,000.
The post Spot Bitcoin ETFs Continue to See Net Outflows as BTC Price Drops Below $67K appeared first on Cryptonews
After Sam Bankman-Fried’s Sentencing, Spotlight Turns to Former FTX Associates
2.4.2024
After Sam Bankman-Fried was sentenced to nearly a quarter-century behind bars for his involvement in financial wrongdoings, Caroline Ellison, Gary Wang, Ryan Salame, and Nishad Singh are up next to face consequences for their roles in the FTX debacle. The Uncertain Road Ahead for FTX’s...
Crypto Bulls See $400M Liquidations as Solana, Dogecoin Lead Slide in Majors
2.4.2024
The CoinDesk 20 index, which tracks major tokens minus stablecoins, slumped just over 4.5%
New Platform Echo Launches, Aims to Democratize Angel Investing in the Cryptosphere
2.4.2024
Jordan Fish, known as Cobie on the social media platform X, has helped launched a new project called Echo, aimed at revolutionizing angel investment in the crypto market by allowing investors to pool funds for large investments. Echo distinguishes itself not just as another investment platform,...
Deribit To Set Up Global HQ in Dubai As VARA Grants Conditional License
2.4.2024
Deribit, the world's largest crypto options exchange, said Tuesday that its Dubai-based subsidiary was granted a conditional virtual asset service provider license by the Virtual Asset Regulatory Authority (VARA).
The post Deribit To Set Up Global HQ in Dubai As VARA Grants Conditional License...
Exclusive: Ant Group’s ZAN Becomes Core Chain’s Validator to Fortify Blockchains’ Security in Asia-Pacific
2.4.2024
Ant Group’s Web3 security solutions provider ZAN has become a validator on Core Chain – EVM-compatible blockchain secured on Bitcoin.
The post Exclusive: Ant Group’s ZAN Becomes Core Chain’s Validator to Fortify Blockchains’ Security in Asia-Pacific appeared first on Cryptonews
HSBC Launches Tokenized Gold Product Targeting Hong Kong Market
2.4.2024
HSBC, the London-based financial institution, launched the first bank-backed tokenized gold product for its customers in Hong Kong. HSBC Gold Token will allow retail investors to purchase tokenized gold from their smartphones using the bank’s online app, democratizing access to these gold...
BlockDAG to hit $100M liquidity post-launch as presale crosses $11.6M, outshining Bitcoin Cash rally & Mana price for 2024
2.4.2024
The crypto arena is on the verge of a significant shift with the arrival of BlockDAG (BDAG), expected to lead the way not just April 2024 but the entire year. Amidst BlockDAG’s ongoing presale bull run, Bitcoin Cash demonstrates its enduring potential, while MANA’s price fluctuations suggest...
Bitcoin Drops Over 5% as Upbeat U.S. Factory Data Powers Dollar Index to Nearly 5-Month High
2.4.2024
The U.S. factory activity unexpectedly expanded in March, data released Monday showed, sending the dollar index higher
Blockchain Sleuth Warns About Unrevealed ‘Critical Flaws’ in Ethena
2.4.2024
Tardfiwhale, a pseudonymous blockchain sleuth who predicted the fall of Luna and UST, has warned about critical flaws in Ethena, a rising blockchain synthetic dollar stablecoin protocol. Tardfiwhale is asking for donations to certain entities before revealing these alleged flaws, as Ethena has...
Peter Schiff: Something Big Is Happening That Very Few Investors Are Prepared For
2.4.2024
Economist and gold bug Peter Schiff has warned that something big is happening that very few investors are prepared for. “More importantly, governments and central banks are not prepared for it either,” he stressed. Schiff explained that Fed rate cuts will make the inflation problem...
Bitcoin “Inflation Hedge” Argument Is a Fairy Tale Used By Speculators: Andrew Sorkin
2.4.2024
CNBC's Andrew Sorkin doesn't believe nearly as manner people use Bitcoin as an inflation hedge as its boosters claims.
The post Bitcoin “Inflation Hedge” Argument Is a Fairy Tale Used By Speculators: Andrew Sorkin appeared first on Cryptonews
48 US Lawmakers Ask SEC Chair Gensler to Clarify Whether ETH Is a Security — Warn of ‘Negative Repercussions’
1.4.2024
Forty-eight U.S. lawmakers have sent a letter to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler asking him to clarify whether ether is a security. “The negative repercussions of the SEC implicitly or directly classifying ETH as a digital asset security will cascade...