News
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Ethereum validator interest surge indicates growing momentum in staking
- February 13, 2024
- Posted by: [email protected]
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No CommentsThe Ethereum network is currently witnessing a substantial uptick in the number of validators seeking to stake their Ethereum (ETH), signaling renewed interest in staking activities. According to the data from ValidatorQueue, the validator entry queue has reached a significant level of 7,045, representing over 225,000 Ether (equivalent to $562 million). This marks the highest
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Bitcoin ETFs hit $10 billion in AUM within one month
- February 12, 2024
- Posted by: [email protected]
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As the weekend unfolded, Bitcoin’s price prediction gained traction with the surge of exchange-traded funds (ETFs), reaching an impressive milestone of $10 billion in assets under management (AUM) within a mere 20 sessions. BitMEX Research highlighted the surge, which included a significant net flow of $2.7 billion into nine ETFs. BlackRock’s IBIT fund is leading
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CoinList plans to acquire FTX’s Digital Custody Inc. at discounted price
- February 12, 2024
- Posted by: [email protected]
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CoinList is poised to acquire Digital Custody Inc. (DCI) from the FTX Debtors estate, marking a significant move within the cryptocurrency landscape. The deal, handled by FTX CEO John Ray III, represents a strategic decision in response to the evolving landscape of digital asset custody services. The acquisition comes after FTX’s prior purchase of DCI
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Bitcoin surges above $47,000 in 4 months with $50,000 on the horizon
- February 11, 2024
- Posted by: [email protected]
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Bitcoin witnessed a remarkable surge on Saturday, soaring to around $47,450, marking an impressive 3.25% uptick. This surge stands as the most significant weekly gain for Bitcoin in 4 months, surpassing the crucial $46,000 milestone. Simultaneously, Bitcoin Exchange-Traded Funds (ETFs) experienced their third-largest single-day inflow, fueling speculation about a potential breakthrough to the elusive $50,000
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California voters support pro-crypto candidates ahead of 2024 election
- February 11, 2024
- Posted by: [email protected]
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The upcoming 2024 elections in California are expected to witness a profound impact from the state’s significant demographic of cryptocurrency owners, revealing a shift in political preferences driven by the digital asset landscape. Recent data from Morning Consult, as disclosed by Coinbase, indicates that approximately 27% of Californians, totaling around 8.2 million individuals, have embraced
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Bitcoin’s active supply surges as long-term investors respond to ETF and halving developments
- February 10, 2024
- Posted by: [email protected]
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Bitcoin’s recent surge in market activity, fueled by the SEC’s approval of spot Bitcoin ETFs, unfolds an interesting narrative as long-term holders strategically maneuver their assets in response to evolving market dynamics. A closer examination of Bitfinex’s market report illuminates a subtle yet discernible uptick in the circulating supply of Bitcoin, underpinned by the resolute
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UN panel investigates North Korea’s alleged $3 billion crypto cyberattacks
- February 10, 2024
- Posted by: [email protected]
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The ongoing investigation by an independent United Nations panel into North Korea’s 58 suspected involvement in cyberattacks targeting cryptocurrency firms, amassing a staggering $3 billion, has brought to light a complex web of illicit activities with far-reaching consequences. According to an unpublished UN report reviewed by Reuters, the Democratic People’s Republic of Korea (DPRK) is
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Leadership shift at Bitcoin Miner Hut 8 amid pump and dump allegations
- February 9, 2024
- Posted by: [email protected]
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Amid the unfolding leadership transition at Hut 8, the departure of CEO Jamie Leverton and the appointment of Asher Genoot have taken center stage against a backdrop of serious allegations. JCapital Research, a prominent research firm, raised concerns about potential collusion and a pump-and-dump scheme involving Hut 8. The accusations, which surfaced approximately three weeks
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Digital asset market surges in spot trading
- February 9, 2024
- Posted by: [email protected]
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The digital asset market has witnessed a remarkable and sustained surge in spot trading volumes for the fourth consecutive month, as revealed by the latest market report from on-chain analytics firm CCData. In January alone, centralized exchanges experienced a notable 4.45% uptick in spot trading volumes, reaching an impressive $1.4 trillion. This streak of consecutive
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Bitcoin consolidates around $43,000 mark amid ETF surge and MicroStrategy’s influence on a potential $50,000 rally
- February 8, 2024
- Posted by: [email protected]
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In the realm of Bitcoin, the Asian session has become a focal point as the cryptocurrency flirts with the $43,000 threshold, sparking considerable interest and speculation. Recent events, notably BlackRock’s Bitcoin ETF ascending to the upper echelons of ETFs and MicroStrategy’s substantial acquisition, have intensified discussions surrounding Bitcoin price predictions. The strategic maneuvers, combined with