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Stablecoin Market Hits $160 Billion, Reaching Heights Not Seen Since Terra’s Crash
22.4.2024
This week, the value of the fiat-pegged cryptocurrency economy has climbed to $160 billion, a peak last observed in May 2022, shortly before Terra’s UST detached from its intended $1 parity on May 9, 2022. In the past month, various stablecoins have experienced an increase in supply, with...
Turbulent times ahead as Ripple files response to penalty of $2 billion
22.4.2024
The continuing legal encounter between Ripple Labs and the American SEC is climaxing this week. Ripple is planning to file an opposition brief, and its sealed response will be submitted by 22/April/2024. Ripple Lab’s submission of a sealed response will be followed by a version that will...
Bonk Price Prediction as BONK Becomes Best-Performing Coin in the Market – Can BONK Overtake Dogecoin?
22.4.2024
Bonk shows vibrant market activity, rising 5.89% to a $1.34 billion market cap, sparking debates if it can surpass Dogecoin in the meme coin race
The post Bonk Price Prediction as BONK Becomes Best-Performing Coin in the Market – Can BONK Overtake Dogecoin? appeared first on Cryptonews
Russia Warns US of Further Aggravation After Funding Bill Passes Amid Heightened Geopolitical Strife
22.4.2024
Amid ongoing global tensions, the price of gold remains robust at $2,391 per troy ounce, while bitcoin continues to trade at a 12% deficit from its peak value. Recently, the U.S. House of Representatives approved a series of funding bills for Ukraine, Israel, and Taiwan. Following the bill’s...
Solana Price Prediction as $6.5 Billion Trading Volume Sends SOL Above $140 – Are Whales Buying?
20.4.2024
As Solana crosses the $150 mark, analysts speculate on the potential for further gains, with resistance levels looming at $164.56 and $185.94.
The post Solana Price Prediction as $6.5 Billion Trading Volume Sends SOL Above $140 – Are Whales Buying? appeared first on Cryptonews
Binance Co-Founder Says Former CEO CZ Is in a ‘Positive Situation’ Ahead of Sentencing
19.4.2024
At a Dubai event, Binance co-founder He Yi discussed former CEO Binance CZ's legal situation, describing it as "largely peaceful" despite his upcoming sentencing in the US. CZ's plea deal led to his resignation and a $4.3 billion forfeiture by Binance. Yi also addressed Binance's regulatory stance...
Over 27,700 BTC ($1.72 Billion) Moves into Accumulation Addresses Amidst Bitcoin’s Dip Below $63,000
18.4.2024
As Bitcoin experienced a dip below $63,000, a recent report reveals a surge in BTC accumulation, with over 27,700 BTC ($1.72B) moving into accumulation addresses. Technical analyst Ali Martinez highlighted this trend, suggesting a strategic pivot towards long-term holding amidst market volatility...
Binance Shifts $1 Billion in SAFU Bitcoin Reserves to USDC
18.4.2024
Binance, the leading cryptocurrency exchange globally in terms of trading volume, has shifted its SAFU (Secure Asset Fund for Users) reserves into the stablecoin USDC to bolster “its reliability.” During the early hours of Thursday, the platform transferred two substantial amounts...
Citadel-Backed Hidden Road Partners Targets $120M in Series B
18.4.2024
Hidden Road Partners aims to secure $120 million in a Series B funding round to bolster its crypto and other trading services, targeting a $1 billion valuation.
The post Citadel-Backed Hidden Road Partners Targets $120M in Series B appeared first on Cryptonews
27% of Ethereum Now Staked: $98 Billion Committed as Interest Peaks
17.4.2024
Recent data reveals that over 27% of all ether, amounting to 32,472,720 ethereum, is currently staked, as interest in this activity has heightened significantly within the past year. Liquid staking derivative (LSD) protocols have locked in more than $40 billion, with Lido Finance holding $28.77...
BlockDAG Sets New Standards: Outshining Solana Blockchain and Aptos with $17.8M Presale and Moonshot Keynote Teaser
17.4.2024
In Q1 2024, the Solana blockchain led the pack with an impressive 2.4 Billion transactions. Despite its success, Solana faced issues with transaction failures that stirred negative market reactions. Meanwhile, the Aptos (APT) price struggled, dropping over 16%. Amid these fluctuations, BlockDAG...
GBTC Continues to Lead Outflows as Bitcoin Spot ETFs See Net Outflow of $58M
17.4.2024
Grayscale GBTC experienced a net outflow of $79.38 million from Bitcoin spot ETFs, contributing to its historical net outflow of $16.46 billion, while BlackRock ETF IBIT saw a net inflow of approximately $25.78 million.
The post GBTC Continues to Lead Outflows as Bitcoin Spot ETFs See Net Outflow...
Bitcoin Price Prediction as $40 Billion Trading Volume Comes In – Did Whales Buy the Dip?
17.4.2024
Amid a $40 billion trading surge, Bitcoin steadies at $63,900, sparking debates on whether whales capitalized on the recent dip
The post Bitcoin Price Prediction as $40 Billion Trading Volume Comes In – Did Whales Buy the Dip? appeared first on Cryptonews
Microsoft Invests $1.5 Billion Into AI Firm in the UAE
17.4.2024
Microsoft gave G42, an artificial intelligence (AI) startup with headquarters in the United Arab Emirates (UAE), $1.5 billion. As part of Microsoft's AI investment ambitions to bolster and fortify its position in the AI market.
The post Microsoft Invests $1.5 Billion Into AI Firm in the...
Bitcoin Price Prediction as BTC Bounces 10% From Recent Bottom – New Rally Starting?
16.4.2024
Amidst geopolitical tensions and a tumultuous weekend that saw $1.5 billion in bullish positions liquidated, Bitcoin's market cap soars to $2.42 trillion
The post Bitcoin Price Prediction as BTC Bounces 10% From Recent Bottom – New Rally Starting? appeared first on Cryptonews
Peter Schiff Predicts Bitcoin To Drop to $20K Price Level
15.4.2024
On April 14, well-known Bitcoin critic Peter Schiff projected that the price of BTC may drop to $20K. Additionally, he issued a cautionary statement, stating that in the event of a price collapse, Microstrategy—the biggest corporate Bitcoin holder—may lose an estimated $2.7 billion.
The post Peter...
Short Sellers Target Bitcoin Miners as Reward Halving Nears, $2 Billion at Stake
15.4.2024
A recent report highlights that the collective short interest in stocks from 15 bitcoin mining companies has approached the $2 billion mark. The performance of these mining stocks has declined compared to their stronger start earlier this year, coinciding with the proximity of just 663 blocks...
Dogecoin Price Prediction as $3 Billion Floods In – $10 DOGE Incoming?
15.4.2024
DOGE has gained by 5% in the past 24 hours, with the Dogecoin price reaching $0.1651 as the cryptocurrency market also rises by 5% today.
The post Dogecoin Price Prediction as $3 Billion Floods In – $10 DOGE Incoming? appeared first on Cryptonews
Miners Could Offload $5 Billion in Bitcoin Following Halving, Warns 10x Research
15.4.2024
A notable outflow of Bitcoin from miners could be on the horizon in the months following the upcoming halving event.
The post Miners Could Offload $5 Billion in Bitcoin Following Halving, Warns 10x Research appeared first on Cryptonews
BlockDAG’s presale record of 7.3 billion coins sold sets market on fire amidst Solana’s Q1 surge and high ICP forecast
13.4.2024
Solana blockchain ended the first quarter of 2024 on a high note, facilitating a whopping 2.4 billion transactions. However, the ICP price prediction continued to dip after the DFINITY Foundation launched Olympus. On the other hand, BlockDAG smashed the records as it unveiled its technical...