In the last 37 days, the newly introduced nine spot bitcoin exchange-traded funds (ETFs) have rapidly accumulated a remarkable total of 264,232.74 bitcoin, now valued at $13.5 billion based on the current exchange rates. Leading the pack, Blackrock’s IBIT ETF holds a substantial 43% of this total, with 115,989.80 bitcoins in its coffers. $13.5B in …
Monthly archives: February 2024
April 2024 Bitcoin Halving Sparks Worldwide Curiosity, Data Reveals
A recent study focusing on the search term “bitcoin” through Google Trends data revealed that curiosity remained subdued even as the price soared above the $50K mark. Yet, anticipation for the forthcoming reward halving has hit a 90-day peak. Slated for April 2024, this significant occasion will slash the pace at which new bitcoins are …
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Yuga Labs’ Acquisition of Proof Fuels Moonbirds NFT Sales Uptick
Friday saw Yuga Labs, known for creating the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) series, unveiled its acquisition of Proof, a notable NFT startup behind the Moonbirds collection. Kevin Rose, founder of Proof, will assume an advisory role within Yuga, and the startup’s team plans to integrate into the Yuga framework. Moonbirds NFT …
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Top Analyst Says He’s Eyeing Over 110% Upside for Solana-Based Dogecoin Rival – Here’s His Outlook
A closely followed crypto trader is remaining bullish on one Solana (SOL)-based Dogecoin (DOGE) competitor that’s put up big gains in recent months. Pseudonymous trader The Flow Horse tells his 200,300 followers on the social media platform X that memecoin dogwifhat (WIF) could soar more than 116% from its current value. “Continuing to buy WIF …
Trader Says AI-Focused Altcoin Will Soar Much Higher in Coming Months, Updates Outlook on Bitcoin and Chainlink
A popular crypto analyst believes one artificial intelligence (AI)-focused project could remain in an uptrend for months. The pseudonymous trader known as Altcoin Sherpa tells his 207,300 followers on the social media platform X that the decentralized artificial intelligence platform for applications Fetch.ai (FET) may rally “much higher” from its current value. “FET: still looks …
Bitcoin Hits $52,000 with Stocks Above 5k, SOL, IMX, VET, Feb. 16
Bitcoin gained 9%, building on recent ETF strength, as stocks surged. SOL gains may be running out of steam. IMX continues to gain. BTC Bitcoin climbed to its highest price since December 2021, due to a surge in adoption for exchange-traded funds for the token. The world’s largest cryptocurrency rose this week by 9% over …
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Ethereum Rival That’s Exploded 350% in Four Months Could Skyrocket by up to 7x, Says Coin Bureau’s Guy Turner
The host of the Coin Bureau YouTube channel, Guy Turner, is expressing bullish sentiment on one blue-chip Ethereum (ETH) competitor. In a new video, Turner tells the 2.41 million subscribers of the Coin Bureau YouTube channel that one of the major narratives that will drive the next bull market is the tokenization of real-world assets. …
Telefonica Partners Chainlink to Mitigate SIM Swap Attacks in Web3
Telefonica, one of the world’s largest telecom companies, has partnered with Chainlink, a decentralized oracle provider, to improve security in Web3 environments. Through the use of Chainlink functions and Telefonica’s SIM Swap API implementation, Polygon apps would be able to check if the SIM of a mobile phone has changed in a given period. Telefonica …
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Aptos Foundation and Blockchain Phone Maker Jambo Partner to Bolster Global Web3 Access
The Aptos Foundation has revealed its collaboration with Jambo, a creator of blockchain-enabled smartphones, to bolster emerging markets through Web3 innovation. The pair state that their alliance seeks to improve Web3 access and knowledge in areas that would benefit greatly, by utilizing the layer one (L1) blockchain technology of Aptos in tandem with Jambo’s dedication …
$150,000 Bitcoin Incoming, Predicts Hedge Fund Veteran Mark Yusko – Here’s the Timeline
CEO and founder of Morgan Creek Capital Mark Yusko says that the Bitcoin (BTC) bull market is just getting started. In an interview on The Wolf of All Streets YouTube channel, Yusko says that Bitcoin could hit a six-figure price by mid-next year, a figure he notes will double BTC’s fair value. According to Yusko, …
Can Decentralized Finance Replace Traditional Payments
HodlX Guest Post Submit Your Post There’s a lot of talk about DeFi (decentralized finance) these days. If one were to believe all the hype, it would seem that DeFi is a foregone conclusion – it’s not a matter of if complete decentralization will happen, but rather a matter of when. Admittedly, it does appear …
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US EIA Starts Requiring Energy Consumption Data From Cryptocurrency Miners
The U.S. Energy Information Administration (EIA), a statistics agency of the U.S. Energy Department, has sent letters to cryptocurrency miners requiring data related to energy consumption and configuration of their mining sites. According to one of the letters posted on social media, miners have until February 23 to report the info regarding the activities carried …
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Citi Completes Private Market Tokenization Test Using Avalanche
Citi, in alliance with Wellington Management, Wisdomtree, and ABN AMRO, completed a proof of concept for the tokenization of a private fund on top of the Avalanche blockchain. The test used Spruce, an Avalanche subnet, to tokenize the fund and transact the tokenized assets, which were programmed to “automate operations, settle faster, and enable new …
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Justin Sun Unveils Tron-Based Bitcoin Layer Two Roadmap
Tron is embarking on an ambitious journey to transform the Bitcoin ecosystem, as announced by its founder, Justin Sun. Through the integration of Bitcoin Layer two solutions, Tron seeks to decentralize and interconnect a variety of token types, including major stablecoins, with the Bitcoin network. Justin Sun’s Outlines Vision to Merge Tron and Bitcoin Networks …
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Cloud-Focused Web3 Altcoin Tops All Other Crypto Projects in Terms of Recent Development Activity: Santiment
A cloud-focused Web3 altcoin has surged ahead of all other crypto projects in terms of recent development activity, according to the analytics firm Santiment. Santiment says the public decentralized network Internet Computer (ICP) registered 466.9 GitHub commits in the past 30 days, leading all other crypto projects. The analytics firm notes that it does not …