JPMorgan has boosted its outlook on Coinbase stock (COIN) from “underweight” to “neutral” after following a better-than-expected crypto market rally to kick off the year. In a research report shared with CryptoPotato, the bank’s analysts argued that Bitcoin has experienced “meaningful price appreciation” after the launch of Bitcoin spot ETFs last month. JPMorgan’s Revised Coinbase Outlook Led by financial analyst Kenneth B. Worthington, the authors wrote: “Given the...
Read More »Bulletin hebdomadaire Bitcoin Optech n°288
Bulletin d’information hebdomadaire Bitcoin Optech du 7 février 2024 traduit par @copinmalin. Le bulletin de cette semaine annonce la divulgation publique d’un bug de blocage dans Bitcoin Core qui affecte LN, soulève une préoccupation concernant l’ouverture sécurisée de nouveaux canaux zero-conf compatibles avec la proposition de la version 3 des restrictions de la topologie, décrit une règle que...
Read More »Gold ETFs Witness $2.4 Billion Outflows Amid Bitcoin ETF Surge
In contrast to Bitcoin-tracking exchange-traded funds (ETFs), gold-tracking ETFs have witnessed significant outflows this year. On February 14, Eric Balchunas, an analyst at Bloomberg Intelligence, disclosed that gold ETFs in the top 14 rankings have experienced a combined outflow of $2.4 billion since January. Gold ETFs Experience $2.4 Billion Outflows BlackRock’s iShares Gold Trust Micro and iShares Gold Trust experienced significant outflows, with $230.4 million and $423.6...
Read More »This is How Bitcoin ETF Inflows Are Affecting BTC’s Price Movement
Inflows from the new spot Bitcoin exchange-traded funds (ETFs) are the major reason BTC has experienced a significant uptick, surpassing the $50,000 level and exceeding $52,000. According to a tweet by Marc van der Chijs, Bitcoin investor and founder of several crypto firms, including miner Hut 8, ETF issuers are buying more than 10-12x the amount of BTC produced daily, and this is leading to a 2% price increase, which is roughly $1,000, per day. ETFs’ Impact on BTC’s Price...
Read More »Here’s the First Support in Case BTC Corrects Following the Surge Above $52K (Bitcoin Price Analysis)
After experiencing heightened buying pressure and a robust surge, Bitcoin’s price has breached a significant resistance region, notably the psychological threshold of $50K and the upper boundary of the multi-month ascending channel. This signals a notable bull market, with investors eyeing the possibility of Bitcoin reaching new all-time highs in 2024. Technical Analysis By Shayan The Daily Chart Upon careful examination of the daily chart, it’s clear that Bitcoin’s price has...
Read More »Bitcoin (BTC) Price Clinches New ATH Record Against Japanese Yen
Bitcoin climbed by nearly 20% this week, surpassing the $1 trillion market cap for the first time since November 2021, owing to the continued inflows to the newly launched spot ETFs earlier this year. Following this milestone, BTC hit an all-time high against a few depreciating fiat currencies, including the Japanese Yen. In fact, Bitcoin surged to a fresh peak of 7.9 million Yen on the Tokyo-based cryptocurrency exchange bitFLYER. In comparison, its price in USD remained...
Read More »QuickNode’s Latest Move Boosts Enterprise Data Privacy with zkSync Hyperchains
CoinspeakerQuickNode’s Latest Move Boosts Enterprise Data Privacy with zkSync Hyperchains Hyperchains on QuickNode will allow enterprises and clients to highly scale their solutions. QuickNode’s Latest Move Boosts Enterprise Data Privacy with zkSync Hyperchains
Read More »Chainalysis: YoMix Emerges as Top Bitcoin Mixer After Tornado Cash, Sinbad Shutdowns
After sanctions were imposed on Tornado Cash and Sinbad was shut down following similar actions against the platform, Chainalysis revealed that YoMix, a Bitcoin mixer, has stepped in as an alternative. Recent discoveries by the blockchain analysis firm show that a wallet linked to North Korean hacking operations received funds from YoMix, whereas it used to receive funds from Sinbad. Lazarus Group Shifts Mixer Tactics Sophisticated cybercriminal groups like Lazarus Group have...
Read More »Séminaire de cryptofinance : Profit Lag and Alternate Network Mining
Au programme : Ricardo Perez-Marco parlera de son article Profit Lag and Alternate Network Mining (en collaboration avec Cyril Grunspan), récemment publié dans les actes de la conférence MARBLE. Dans leur travail de recherche, Ricardo Pérez-Marco et Cyril Grunspan revisitent les stratégies de minage égoïstes et intermittentes et définissent une stratégie de minage alternative sur deux réseaux...
Read More »Bitcoin Above $52K, BlackRock and Fidelity Continue to Lead Spot BTC ETF Inflows
CoinspeakerBitcoin Above $52K, BlackRock and Fidelity Continue to Lead Spot BTC ETF Inflows Bitcoin crossed $52,000 and seems ready for more increase as spot ETFs receive more large inflows, with BlackRock and Fidelity leading. Bitcoin Above $52K, BlackRock and Fidelity Continue to Lead Spot BTC ETF Inflows
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