An on-chain Bitcoin metric is suggesting that holders of BTC currently have very strong hands and are hesitant to let go of their coins, according to a Glassnode analyst. In a new video update posted to the social media platform X, Glassnode’s lead on-chain analyst, who goes pseudonymously as Checkmatey, takes a look at the …
Monthly archives: January 2024
Altcoins May Be Gearing Up for Q1 Hype Cycle, Says Crypto Trader – Here’s What He Means
A closely followed crypto analyst says that altcoins could be entering into what he describes as a “hype cycle” phase to start the new year. Pseudonymous analyst Rekt Capital shares with his 392,000 followers on the social media platform X a chart suggesting that altcoins go through cycles of hype that peak roughly every three …
FTX Estate Selling Crypto, Hoarding Cash To Pay Out Customer Claims: Report
The bankruptcy estate of former crypto exchange FTX is reportedly selling off billions of dollars worth of crypto assets and hoarding cash to pay out customers it owes money to. According to a new report by Bloomberg, FTX has begun selling digital assets as a means of repaying customers who had their accounts frozen during …
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Grayscale Bitcoin Sell-Offs Slowing Down After Sending Over $5,000,000,000 in BTC to Coinbase: Arkham
Grayscale’s BTC sell-offs are in the beginning stages of slowing down after the financial giant sent over $5 billion worth of Bitcoin to the top US crypto exchange Coinbase. Lookonchain says that on Friday, Grayscale deposited $410.9 million in BTC to Coinbase Prime, the crypto exchange’s platform that caters to institutional clients. The deposit added to …
Ripple Hiring for Business Development Manager To Drive Firm’s ETF and Institutional DeFi Initiatives
Blockchain payments firm Ripple is looking for a new hire who will support its bid to drive the adoption of institutional decentralized finance (DeFI). In a new job posting, Ripple says it’s headhunting for a senior manager of business development to help the firm look for financial institutions and institutional investors who are keen on …
Devour.io Announces Tech Analyst and Media Expert Paul Barron as Advisor
January 29, 2024 – Phoenix, Arizona Devour, the transformative next-gen Web 3.0 food ordering and engagement platform, today announced the addition of Paul Barron as a strategic advisor. Barron brings a wealth of experience and expertise across technology, media and Web 3.0, making him a valuable asset to Devour’s leadership team. Barron is the CEO …
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Banxa Integration Brings Seamless, Low-Cost Fiat On-Ramps to Sui, Off-Ramps Coming Soon
January 29, 2024 – Grand Cayman, Cayman Islands Users will benefit from zero percent gateway fees for accessing SUI tokens on Banxa for a limited time. (Note – fee waiver is not available for UK customers.) Banxa, the leading payments infrastructure provider for the crypto-compatible economy, has announced it will add the SUI token to …
Global Bitcoin ETP holdings over 900,000 BTC as Grayscale outflows ‘subside’
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What happened to PayPal stablecoin PYUSD after last year’s launch?
PayPal’s entrance into the stablecoin market on Aug. 7, 2023, was welcomed by many in the industry, with Circle CEO Jeremy Allaire stating that competition from PayPal was ‘great to have.’ The news of the launch led to a modest 4% rise in the price of Bitcoin, and within days, exchanges were offering low-fee promotional …
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The pivotal role of stablecoins in Bitcoin’s recent surge
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Friend Tech goes from viral success to virtual ghost town
Decentralized social media protocol Friend.Tech captured attention last year but has noticeably faded from the radar recently. CryptoSlate, using Dune Analytics data compiled by 21.co, discovered a concerning trend – the platform’s failure to attract new users, coupled with indifference from its existing user base. On Jan. 28, the platform garnered a mere 19 new users …
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Spot Bitcoin ETFs narrow gap to Net Asset Value, signaling market maturity
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Greatest Crypto Rally Ever Almost Upon Us, Says Economist Henrik Zeberg – Here’s His Outlook
The digital asset markets are gearing up for the biggest rally in history, according to closely followed macro analyst Henrik Zeberg. Zeberg tells his 128,000 followers on the social media platform X that sentiment within the crypto asset class will soon become extremely bullish and positive. “The greatest crypto rally ever is right ahead of …
Bitcoin Whales Accumulate $3,000,000,000 in BTC in Less Than a Month, According to IntoTheBlock
New data from crypto intelligence firm IntoTheBlock finds that Bitcoin (BTC) whales have accumulated billions of dollars worth of the crypto king in less than 30 days. In a new article, the crypto analytics platform says the amount of BTC held in wallets with over 1,000 Bitcoin has sharply risen during the first month of …
Memecoin Trader Sees Over $1,600,000 in Gains 14 Hours After Early Accumulation of Solana Altcoin: Lookonchain
A trader printed more than $1.6 million in gains after getting in early on one of the latest memecoin trends on the Solana (SOL) blockchain, on-chain data shows. First reported by blockchain tracking firm Lookonchain, one trader made huge profits going long on Wen (WEN), a memecoin built on Solana. Lookonchain says the trader made …