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Heightened Bitcoin Fees and Erratic Mining Revenues Herald Murky Shift as Halving Nears
20.1.2024
Recent statistics reveal that for the past 75 days, starting from Nov. 6, 2023, the average transaction fee on the Bitcoin network has consistently stayed over $5. Additionally, since Dec. 4, 2023, these fees have predominantly been over $10, with a single exception occurring when it briefly fell...
Grayscale’s New Study Reveals Emerging Synergy Between AI and Cryptocurrency
20.1.2024
The integration of artificial intelligence (AI) and cryptocurrency is heralding a new era of technological advancement, as highlighted in a recent Grayscale Investments report by Will Ogden Moore. Grayscale’s latest report says this synergy, marked by the impressive performance of AI-related crypto...
US Spot Bitcoin ETFs Attracting European Bitcoin ETPs – CoinShares Analyst
19.1.2024
Source: AdobeStock/Luisa Spot Bitcoin ETFs are already grabbing the headlines, according to a recent CoinShares report released on January 15. In the blog post, the digital assets investment firm revealed a $1.18 billion inflow into the crypto space in the past week. Turning its searchlight into...
Bitcoin Could See a “Nice Slug” of Gold’s Trillion-Dollar Asset Value, Cathie Wood Says
19.1.2024
ARK Investment Management CEO Cathie Wood believes Bitcoin (BTC) could soon be nearly as valuable as gold, according to a recent interview she conducted with Brazilian financial markets information firm, InfoMoney. As good as gold? “Gold is a trillion-dollar asset out there, and we do believe...
Franklin Templeton Eyes Broad Crypto Expansion Beyond Bitcoin, Foresees More ETP Filings
19.1.2024
Franklin Templeton’s Head of Digital Assets, Sandy Kaul, foresees an increase in filings following the recent approval of 11 new spot bitcoin exchange-traded funds. Kaul highlighted that the firm, managing $1.5 trillion in assets, recognizes the “potential of this whole crypto...
Solana Meme Coin Holders Migrating To New Crypto ICO Built For Traders To Hunt 1986% ROI Tokens
19.1.2024
Crypto traders migrate to the new Launchpad XYZ platform and $LPX token as the crypto ICO phase nears its end. Image by Akarapong Chairean, Vecteezy. The recent decline of the popular meme token Analos on Solana, which plummeted by 93.6% after a brief surge, has crypto traders searching for...
Bitcoin Miner Hut 8 Accused of a Pump and Dump Scheme, HUT Shares Plummet
19.1.2024
Bitcoin miner Hut 8 has been accused of hiding stock ownership in a perceived pump-and-dump scheme. The accusation comes from an unconfirmed report by JCapital Research. In a Jan 18 release, the firm leveled accusations against the Bitcoin miner stemming from its recent partnership with US Bitcoin...
As TONY Token Pumps Up 300x in 24 Hours, This Other Meme Coin is About to List on Exchanges
19.1.2024
In the latest Solana meme coin pump, TONY token has exploded 300x in less than 24-hours, but as retracement enters the chart, TONY price analysis reveals a rocky road-ahead. This comes as recent months have seen a new trend in SOL-based DEX-traded token pumps, with countless Solana meme coin...
Spot Bitcoin ETFs Would Reduce Power of Whales and Increase Stability: Nansen Analyst
19.1.2024
The cryptocurrency landscape is poised for a major change with the recent approval of spot Bitcoin (BTC) exchange-traded funds (ETFs). Aurelie Barthere, Principal Research Analyst at Nansen, believes the approval will specifically impact crypto whales, who control a large share of the current token...
Grayscale’s GBTC Sheds Over 13,700 BTC in 24 Hours Amid Rising Bitcoin ETF Competition
18.1.2024
Prior to Wednesday’s market opening, Grayscale’s exchange-traded fund, GBTC, reported holding 605,890.87 bitcoin in reserves. However, according to the company’s most recent update, there has been a significant decrease in GBTC’s holdings, with a reduction of 13,793.09...
Biggest Crypto Gainers Today on Uniswap – CBDC, TEST, TRUMP
18.1.2024
Uniswap logo Despite a slide in the Bitcoin (BTC) price to fresh 2024 lows under $41,500 in recent trade, crypto degens hunting fast gains continue to drive explosive action in low-cap markets, with CBDC, TEST and TRUMP the biggest crypto gainers today on Uniswap. The majority of major...
Tether Market Cap Nears $95 Billion; Promising Outlook for Aave and InQubeta Gains
18.1.2024
The introduction of stablecoins into the crypto landscape has proven useful, although some haven’t been as stable as the name implies. Tether (USDT) is one such company that creates stablecoins, and is the most popular stablecoin in the world. The recent USDT creation of one billion tokens...
In Social Media Buzz, Investment Giant Franklin Templeton Commends Ethereum and Solana’s Advances
18.1.2024
Based in San Mateo, the prominent investment management firm, Franklin Templeton, has been actively posting about digital assets on social media following the recent approval of its new spot bitcoin exchange-traded fund (ETF). The firm’s U.S. X account now sports a modified logo featuring...
DogWifHat Price Prediction as 500% Pump Shocks Market – Next Crypto Unicorn?
18.1.2024
A surge in Solana blockchain-based meme coin DogWifHat’s (WIF) price in recent days has shocked the market, with some claiming the token could be the next crypto unicorn. The DogWifHat price reached a new all-time high in the $53s earlier on Thursday, pushing its market cap at the time above $530...
Crypto Exchange OKX Upgrades McLaren Branding to Widen Reach
18.1.2024
Digital asset exchange, OKX has increased its level of partnership with McLaren’s Formula 1 team citing more adoption and visibility. In a recent post on its website, the company announced the updated agreement of its partnership with McLaren F1 2024 branding with the desire to gain more...
dYdX Overtakes Uniswap as Daily Trading Volumes Hit $757 Million
18.1.2024
Decentralized finance (DeFi) platform dYdX market has moved past Uniswap as the largest decentralized cryptocurrency exchange (DEX) by trading volumes. Recent data from crypto analytics firm Cointelegraph shows an increase in the trading volume of dYdX v4 over Uniswap’s v3 in the last 24 hours....
Crypto Exchange WOO X Raises $9 Million for Strategic Liquidity Boost
18.1.2024
The crypto exchange Woo has secured $9 million in a recent funding round. The capital injection came from existing and prospective market makers trading platform. The capital injection aims to enhance liquidity on Woo’s exchange, the company said in a statement published on its website....
Tokenized Funds Skyrocketed to $800M Value in 2023, Sparked By US Treasury Tokenization: Moody’s
18.1.2024
The growing trend of tokenizing traditional assets has caught the attention of legacy financial institutions. According to a recent report by Moody’s, a leading investment risk assessment firm, the value of tokenized funds has surged from $100 million at the beginning of 2023 to approximately...
Blackrock’s Bitcoin ETF Attracts Diverse Investors, Secures 25,067 BTC in Holdings
18.1.2024
In a recent interview, Rachel Aguirre, the head of product for Blackrock’s Ishares U.S., delved into the substantial inflows witnessed by the firm’s new spot bitcoin exchange-traded fund (ETF), known as IBIT. Aguirre highlighted that the IBIT ETF has attracted a diverse group...
Polymarket Predicts Trump as 2024 US Election Winner With 48% Chance, Biden and Haley Trail in Predictions
18.1.2024
With the U.S. presidential election just about nine months on the horizon, it appears that American electors are poised to encounter familiar faces from the 2020 race — Joe Biden and Donald Trump. Recent data from the decentralized crypto-based predictions platform Polymarket suggests that Trump...