Crypto news

U.S.-based Bitcoin mining behemoth Marathon Digital has published its quarterly earnings report and has beaten analyst predictions by a good margin. Paradoxically, Marathon’s stock price dipped shortly after the announcement. This is, however, likely a temporary blip. Stunning Financial Results Although Marathon Digital was not necessarily in trouble last year, the crypto winter definitely put a bit of a damper on its plans, as did the SEC, who targeted the firm among a slew...

In February, the crypto industry saw losses totaling approximately $160 million due to exploits, hacks, and scams. The figures represented a slight dip from January despite an increase in prices. According to the latest update by CertiK, exit scams claimed the lion’s share at $58.2 million, followed by exploits at $101 million. Phishing accounted for $14.6 million, while $6.4 million was successfully recovered. Flash loans incurred minimal losses at $138k. Hong Kong-based...

CSOP Asset Management, a capital market firm in Hong Kong, disclosed in an interview with Reuters that its exchange-traded product, the CSOP Bitcoin Futures ETF (3066.HK), has witnessed a surge in assets under management (AUM) over the past five months. The ETF’s Assets Under Management (AUM) has soared five-fold to over $100 million. Rising Trading Volumes and AUM Regarding trading volumes, the CSOP Bitcoin Futures ETF has increased in average daily turnover, reaching $2.8...

Bitcoin’s price has been on an almost vertical rise in the last few days, approaching its all-time high of $69K. Yet, the cryptocurrency might not make a new record right away, as some warning signals are pointing to a short-term correction. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, it is evident that the price has been rallying aggressively during the last month, breaking past several significant resistance levels. The market is currently one...

TL;DR Shiba Inu’s burn rate has significantly increased, indicating a strong push to reduce the token’s circulating supply, which could boost its value over time. The development of Shibarium, aimed at enhancing the ecosystem by reducing fees and increasing transaction speed, is viewed positively for SHIB’s future price potential. The popular meme coin – Shiba Inu – continues to witness a substantial amount of tokens removed from its circulating supply. Data shows that the...

TL;DR Shiba Inu has experienced significant price increases recently, with optimistic predictions for further gains. Discussions around meme coins like SHIB and DOGE are heating up, with various individuals offering differing opinions on which is the better investment, amidst forecasts of continued bullish trends in the cryptocurrency market. How High Can SHIB Go? The second-largest meme coin caught the recent green wave in the cryptocurrency sector, being one of the...

[PRESS RELEASE – Ljubljana, Slovenia, March 2nd, 2024] Blocksquare, a pioneering force in real estate tokenization, has confirmed that its native Blocksquare Token (BST) will be available for trading on leading cryptocurrency exchange Gate.io from March 4. The news marks a major milestone in Blocksquare’s journey to transform the property investment landscape, enabling investors to take advantage of commercial real estate opportunities in their region. “We are delighted to...

[PRESS RELEASE – Delhi, India, March 2nd, 2024] Introducing an old soul with a new spirit. For a long time, people have been unaware of the fact that there is a simpler way to immerse themselves in spirituality without physically attending. This concept gained significant attention after the lockdown when people were unable to visit shrines. Now, at Laxmi M, we present one of the first blockchain platforms on spiritual grounds. Here, individuals can attend shrines in the...

Worrying developments at New York Community Bancorp (NYCB) have several Bitcoin investors anticipating a renewed U.S. banking crisis – which could bring money crashing back into the digital currency. The bank’s stock is down 41% over the past month, including a 28% plunge on Friday. Trading for $3.55 at writing time, it has now reached its lowest share price since 1996. What’s Happening at NYCB? NYCB had already suffered major losses in early February after disclosing that...

Analysts at crypto intelligence platform Santiment said Bitcoin’s remarkable performance in the 29 days of last month gave leap year a new definition, but the market may be in for a different ride in March. According to the Santiment’s monthly report, several on-chain indicators suggest the market is in a bit of a danger zone and faces an increased risk of a correction in the short term. A Bit of a Danger Zone Bitcoin recorded a 45% surge in February, blasting past $45,000,...