Crypto

Bitcoin Tops $54K, May Run Towards $58K as Crypto Rally Resumes

Bitcoin could target $58,000 after the breakout, Swissblock analysts suggested.

26 Feb 2024

Bitcoin breaks $53k for first time in over 2 years as trading volume surges 30%

Bitcoin has broken the $53,000 level for the first time since Dec. 4, 2021, and is currently sitting around $53,538 as of press time. Ethereum is also up on the day, surpassing $3,150, an increase of 4% on the intra-day low. However, the strength of the Bitcoin-led rally can be seen in the ETH-BTC ratio, […]
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26 Feb 2024

Solana suffers $3 million ETP outflows post-outage as Bitcoin responsible for 95% of inflows

Solana’s recent outage appears to be weighing heavily on investors’ minds, with crypto investment products related to the blockchain network seeing outflows of $3 million during the past week. CoinShares’ latest weekly report showed the network as the only major digital asset that recorded negative flows for the duration, blaming it on how “recent outages […]
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26 Feb 2024

Bitcoin investors realize net profits for 128 consecutive days

Quick Take Net realized profit-taking for Bitcoin has witnessed an unbroken streak of 128 days, starting from Oct. 20, 2023, until Feb. 25, 2024. This period saw Bitcoin’s price catapult from below $30,000 to $50,000, providing lucrative opportunities for investors. Defined by Glassnode, the net realized profit/loss represents the cumulative profit or loss from all […]
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26 Feb 2024

Tornado Cash Reportedly Suffers Backend Exploit, User Deposits at Risk

User deposits on decentralized privacy protocol Tornado Cash are reportedly at risk following the insertion of malicious code in the protocol's back end, according to a Medium post by community member Gas404.

26 Feb 2024

Early Uniswap Whale Sold $1M Worth of UNI as Price Surged

A wallet that received 5.44 million uniswap {{UNI}} tokens in 2020 sold 90,000 UNI worth $1.03 million during Friday's price surge to $12.80.

26 Feb 2024

Ethereum and Bitcoin futures open interest near record highs in notional value

Quick Take The total amount of funds allocated in open futures contracts or “futures open interest” is nearing an all-time high for Ethereum and Bitcoin in terms of notional value. Ethereum’s open interest currently stands at $10.5 billion, aligning with it crossing the significant price threshold of $3,000. This is particularly noteworthy as its current […]
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26 Feb 2024

Avail, an Ethereum Data Network to Rival Celestia, Raises $27M In Seed Round

The funds will be used to build out its three core products, "Avail DA," "Nexus," and "Fusion Security."

26 Feb 2024

Michael Saylor’s MicroStrategy Purchased an Additional 3K BTC, Now Holds $10B Worth

MicroStrategy has purchased an additional 3,000 bitcoin {{BTC}} for $155 milllion, bringing the company's total BTC holdings up to $6.09 billion.

26 Feb 2024

Bitcoin Investment Products Saw Inflows of $570M Last Week: CoinShares

Crypto-focused investment products saw the fourth consecutive week of inflows, data shows.

26 Feb 2024

First Mover Americas: Bitcoin Correction Could Be Approaching

The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 26, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

26 Feb 2024

BitForex Website Goes Dark Amid Reported $57M Outflow

Users of cryptocurrency exchange BitForex have been blocked from accessing the website. Blockchain sleuth ZachXBT reported that $57 million has been drained out of the exchange's hot wallets.

26 Feb 2024

Crypto, Tokenization, AI Are Priorities for Monitoring, FSB Says Ahead of G20 Meeting

The Financial Stability Board plans to publish a status report on its crypto roadmap and a report on the financial stability implications of tokenization.

26 Feb 2024

Frax Finance Mulls Uniswap-Like Reward Mechanism for Token Stakers

"We are going to follow Uniswap's lead in proposing it. It will be up to the community to pass it," Frax's CEO Sam Kazemian told CoinDesk.

26 Feb 2024

Crypto PH Weekly Roundup – Feb. 19 – 25, 2024 | Community Makes Its Choice About Binance

Filipinos have already made their choices when it comes to Feb. 29 about Binance.

26 Feb 2024

MicroStrategy’s X Account Hacked, Leads to $440K Crypto Being Stolen: Blockchain Sleuth ZachXBT

The phishing attempt has already led to $440,000 worth of crypto being stolen.

26 Feb 2024

Ether, Mantle Lead Crypto Majors as Bitcoin Traders See Prices Correcting to $48K

“Without a bounce from here, we could see a deeper correction begin, potentially as low as $47,000-$49,000,” one trader said.

26 Feb 2024

Ethereum Dencun Upgrade: Tokens To Watch Out For

Here are the list of projects and tokens that could be impacted by Ethereum's Dencun upgrade.

26 Feb 2024

Blast Ecosystem Sees First Apparent Scam as ‘RiskOnBlast’ Rug Pulls $1.3M Ether

Blast, in an X post, termed the project’s potential as “undeniable,” which may have created a sense of security among investors.

26 Feb 2024

OANDA Opens FCA-Registered Crypto Trading Platform in the UK

OANDA Crypto is the summation of last year’s acquisition of a majority stake in FCA-registered crypto firm Coinpass, and will offer trading in over 63 cryptocurrency pairs, including Bitcoin, Ether, and Ripple.

26 Feb 2024

Satoshi Nakamoto’s Growing Fortune Nears Entry Into World’s Top 25 Richest Individuals

2024 has unfolded as a flourishing year for bitcoin’s valuation, as its market capitalization breezed past the $1 trillion milestone, positioning the cryptocurrency as the world’s tenth-largest asset by overall market valuation. This upti...

25 Feb 2024

Quoth the Raven’s U-Turn: From Bitcoin Skeptic to Believer, Envisions a New Era of Financial Freedom

In a candid interview about his past skepticism towards bitcoin, Chris Irons, also known as ‘Quoth the Raven,’ founder of Quoth The Raven Research, has taken on a transformative journey from doubt to belief in the leading digital currency...

25 Feb 2024

Donald Trump’s Cryptocurrency Portfolio Tops $5M, Thanks to $2.9M in Trump-Branded Tokens

Just recently, the 45th President of the United States, Donald Trump, has expressed a neutral stance towards bitcoin, stating he could live with it “one way or the other.” Meanwhile, Trump’s holdings in crypto assets have seen a si...

25 Feb 2024

Defi’s Total Value Locked Hits $80 Billion in a Dramatic Turnaround Since 2022

Recent data reveals that the total value locked (TVL) in decentralized finance has jumped past the $80 billion milestone, reaching heights not observed since the downfall of Terra’s stablecoin in May 2022. Leading the charge in 2024 by TVL size ...

25 Feb 2024

Blackrock Holds 110K BTC, Kiyosaki Expects $100K BTC Soon, AI Crypto Assets Skyrocket, and More — Week in Review

Blackrock has significantly expanded its presence in the digital currency space, accumulating nearly 110,000 bitcoins for its Ishares Bitcoin Trust (IBIT) ETF. Robert Kiyosaki predicts bitcoin will reach $100,000 by June this year. The AI cryptocurrenc...

25 Feb 2024

Leveraging Web3 to Incentivize Fitness Behavioral Changes — Co-Founder of Sweat Economy Oleg Fomenko

The start of every year presents an opportunity for new beginnings. Many people set out with ambitions to hit the gym, exercise regularly, or walk more instead of driving. Sadly, it’s estimated that it takes the average American just seven weeks to los...

25 Feb 2024

SBINFT’s Jangdeok Ko Links the Surge in NFT Piracy to the Ease of Token Minting

Since Japan designated Web3 as a “national strategy,” an increasing number of traditional companies in the country have either merged or are contemplating integrating their businesses with Web3, Jangdeok Ko, the CEO of the non-fungible toke...

25 Feb 2024

ECB Economists: Bitcoin Fails to Become Global Decentralized Digital Currency, BTC’s Fair Value Is Still Zero

The European Central Bank (ECB) has published a blog post claiming that “bitcoin has failed to fulfill its original promise to become a global decentralized digital currency.” The ECB economists who authored the post added that bitcoin&#x...

25 Feb 2024

Pantera Capital Predicts ‘Strong’ Crypto Bull Market Over Next 18-24 Months

American hedge fund Pantera Capital has predicted “a strong bull market” for cryptocurrencies over the next 18-24 months. “With the halving expected to occur in late April 2024, we believe the convergence of these positive things will provi...

25 Feb 2024

Robert Kiyosaki Says If Bitcoin Crashes He Would Be Happy and Buy More

Rich Dad Poor Dad author Robert Kiyosaki has explained what he will do if the price of bitcoin crashes. The famous author has been recommending bitcoin alongside gold and silver for quite some time, and he recently increased his bitcoin holdings follow...

25 Feb 2024