US Senators Elizabeth Warren and Sherrod Brown are “trying to kill” the entire crypto industry, according to the Chamber of Digital Commerce. The US-based crypto advocacy group argues that the lawmakers are spearheading an unprecedented attack on digital assets, citing Warren’s (D-Massachusetts) Digital Asset Anti-Money Laundering Act. The bill, which Warren first introduced in 2022 and …
Monthly archives: February 2024
This Top-50 Altcoin Backed by Bitcoin Billionaires Could Explode 100% in Coming Months, According to Trader
A popular crypto analyst is turning bullish on one peer-to-peer storage altcoin project that is backed by billionaires. The pseudonymous trader known as Altcoin Sherpa tells his 207,700 followers on the social media platform X that decentralized storage network Filecoin (FIL) could increase more than 125% from its current value within months. “FIL: This doubles …
Maximising Your Crypto Investments: The Role of Advanced Bridge Solutions
Bridges offer many advantages when transferring crypto assets: better security, lower fees, and faster processing times compared to exchanges. But how can they help you maximize your crypto investments? Jumper Exchange has an answer to that question. This company has the most comprehensive interface available, which provides users with all-encompassing swapping and bridging solutions so …
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Top Analyst Says Dogecoin Rival That’s Up Over 7,500% in Less Than Three Months About To Go ‘Turbo Parabolic’
A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on a Solana (SOL) ecosystem memecoin. The analyst pseudonymously known as Bluntz tells his 240,300 followers on the social media platform X that dogwifhat (WIF) is on the cusp of breaking through its all-time high of around $0.47 (and which is now a major …
Buckle Up: Ethereum ETH Price Primed to Challenge Previous ATH Above $5K
Ethereum has powered decisively through the psychologically crucial $3,000 threshold this week as a confluence of bullish factors propels its native ETH token upwards. However, the path to fresh all-time highs won’t come easy judging by intensifying indicators of potential near-term consolidation. TLDR Ethereum’s ether (ETH) price has broken out of a bullish ascending triangle …
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On-chain metrics reveal Bitcoin network’s health hinting at potential decline
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …
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Ping Exchange’s hybrid cold storage redefines standards for crypto exchange custody
The launch of Ping Exchange signals a potential new stage in digital assets trading. The hybrid platform merges robust security protocols with user-focused asset control, setting a high bar for how exchanges should safeguard user assets. Ping’s standout feature is an unconventional model using a hybrid custodial cold storage to redefine crypto exchange security. Ping …
Bitcoin steadies above $50,000 for over a week as new accumulation patterns emerge
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …
Coinbase backs Grayscale’s Ethereum ETF bid, spotlighting ETH as a commodity
Coinbase has endorsed Grayscale’s bid to convert its Ethereum (ETH) Trust into an exchange-traded fund (ETF) in a Feb. 21 letter addressed to the Securities and Exchange Commission (SEC). Coinbase’s chief legal officer, Paul Grewal, said the exchange’s letter provided the legal, technical, and economic arguments supporting spot Ethereum funds’ approval. He added: “Our letter …
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Privacy Coins Under Attack – Not Down for the Count Yet
The delisting of monero by Binance marked a significant turning point for privacy coins, showcasing the growing impact of regulatory demands on privacy-focused projects, while also spotlighting emerging projects like Zano that aim to navigate these challenges. Regulatory Pressures Set to Reshape Privacy Coin Landscape The privacy coin landscape is experiencing seismic shifts after Binance, …
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Stablecoin Issuer Circle Announces Discontinuation of USDC Support on Tron Blockchain
The U.S. financial technology firm Circle said on Feb. 21 that it will discontinue support for USDC on Tron blockchain. The move comes just a few months after Circle refuted allegations that it was Tron blockchain founder Justin Sun’s bank. Despite discontinuing support for USDC on Tron, Circle said it is still committed to growing …
Analyst Issues Bitcoin Alert, Says BTC Could See Massive Dip After Hitting $60,000 – Here’s the Timeline
Cryptocurrency analyst and trader Kevin Svenson is warning that Bitcoin (BTC) could undergo a significant correction after reaching a price last witnessed in November of 2021. Svenson tells his 72,400 YouTube subscribers in a new video that even though he remains bullish on the flagship crypto asset, Bitcoin could fall by a little over 25% …
Coinbase Argues Bitcoin ETF Precedent Applies “Equally or More Strongly” to Ether
Coinbase has submitted a strongly-worded letter to the Securities and Exchange Commission (SEC) arguing for the approval of a spot Ether exchange-traded fund (ETF). The letter was filed in response to a proposal by NYSE Arca to list and trade shares of the Grayscale Ethereum Trust as an Ethereum ETP. TLDR Coinbase argues Ether is …
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The New Wave in DeFi Staking – Liquid Restaking Tokens and Blast
HodlX Guest Post Submit Your Post LRTs (liquid restaking tokens) and the emergence of layer two solution Blast are powering a new wave in DeFi staking. In this article, we’ll look at the backdrop behind this development, what it means for DeFi staking and what the major trends are in the space. Liquid restaking tokens …
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Nvidia posts record $60 billion in revenue amid increased demand for AI, accelerated computing
Nvidia reported increased demand for generative artificial intelligence (AI) and accelerated computing in its latest earnings report on Feb. 21. Jensen Huang, founder and CEO of Nvidia, said: “Accelerated computing and generative AI have hit the tipping point. Demand is surging worldwide across companies, industries and nations.” Huang added that Nvidia RTX has become a …