Crypto news

This bull run is cyclical in nature, and these seven signals suggest it is just getting started. Just three weeks ago, on Feb. 12, Bitcoin’s price crossed the $50,000 threshold. Fundstrat Global Advisors Head of Digital Strategy Sean Farrell said, “This rally in the near term certainly has some room to run.” He was right! The spot rally on cryptocurrency exchanges surged to just past $70,000 on Friday, Mar. 5, before retracing to where it is currently. So, after crossing...

2022 saw the implosion of numerous cryptocurrency lenders, perhaps none more devastating for investors than the Celsius crash. What followed was a year-long violent bear market with depressed prices and little to no actual activity within the industry. Two years later, the landscape is entirely different. The entire market cap has more than tripled in the past several months, while BTC is closing on its all-time high against the dollar of $69,000. During the Crypto Expo...

Fidelity Digital Assets have stated in a recent report that while Bitcoin (BTC) holders typically anticipate the quadrennial reward halving to boost prices, miners must actively strategize to plan for the upcoming event to prevent going bankrupt. Notably, the halving event, expected on or around April 19, will reduce their earned Bitcoin by 50%. Bitcoin Miners’ Challenges as Halving Nears According to analyst Daniel Gray, miners must sustain their current hash rate, energy...

Moreover, it’s getting some new digs on Stock Twits, and another crypto exchange has added FLOKI to its trading pairs. FLOKI coin gained more in price on cryptocurrency exchanges last week than Pepe Coin, Dogecoin, Shiba Inu, Bonk Inu, or Wif. Furthermore, the Ethereum and Binance Smart Chain meme coin entered the top 60 biggest cryptocurrencies by market cap. Popular meme coin account DogecoinRise posted to X, formerly Twitter: “Floki has outperformed $PEPE, $DOGE, $SHIB,...

On March 8, on-chain analytics provider Santiment reported that despite the incredible milestone for Bitcoin, “there is a combined sense of exhaustion and altcoin distraction coming from the trading community right now.” BTC prices briefly topped $70,000 on Coinbase on Friday marking a new all-time high for the digital asset. However, it sharply retreated from this level for the second time in a week, falling to around $68,000 a few hours later. Bitcoin Fervor Fading? So far,...

A recent Coinbase report notes that the perceived value of numerous AI tokens has been overstated, leading to concerns regarding their sustainability. David Han, a research analyst at Coinbase, highlighted the recent price surges observed in these tokens may be driven more by hype than genuine utility or usage. Surge in AI-Related Crypto Projects Raises Questions Based on data from CoinGecko, AI-related crypto projects have surged to a total value of $26 billion this year. A...

[PRESS RELEASE – Abuja, Nigeria, March 9th, 2024] In a display of commitment to enhancing the digital and creative industries in Nigeria, Gluwa’s CEO Tae Oh, engaged in a courtesy visit to the Vice President of Nigeria, Kashim Shettim Pictured (left to right): Tae Oh, CEO of Gluwa and Kashim Shettima, Vice President of Nigeria The discussion served as an exploratory platform for potential collaborative efforts to enhance the country’s digital landscape, with a focus on the...

[PRESS RELEASE – Abuja, Nigeria, March 9th, 2024] As a part of the move to enhance the adoption of Nigeria’s Central Bank Digital Currency (CBDC), known as eNaira, Gluwa Nigeria Limited (Gluwa) has entered into a strategic partnership with the Central Bank of Nigeria (CBN). This collaboration is formalized through a Memorandum of Understanding, positioning Gluwa as a Partner Agent dedicated to leveraging blockchain technology to increase financial inclusion, augment eNaira’s...

Arkham Intelligence has revealed that Tesla currently possesses 11.51K BTC, valued at $780 million, distributed across 68 addresses, while SpaceX holds 8.29K BTC, totaling $560 million, spread across 28 wallets. These findings are substantiated by on-chain fund flows that align with financial disclosures from both companies. Tesla and SpaceX’s Vaults: $1.34B in BTC Holdings Laid Bare In a tweet on X platform, the blockchain analytics platform said that Tesla made a notable...

The forthcoming Ethereum Dencun upgrade scheduled for March 13 offers a chance for near-zero transaction fees for layer 2 (L2) solution users, possibly drawing in more new ones, as per a research report by Fidelity Digital Assets. The forthcoming upgrade marks the initial step in Ethereum’s rollup-focused roadmap. This advancement will empower the network to function as a resilient database, enhancing the efficiency and cost-effectiveness of data storage for layer 2...