Crypto news

Bitcoin’s price has calmed at around the $62,000 level after a noteworthy week in which the asset soared by over ten grand. However, the altcoins have resumed their bull run with massive gains from the likes of DOGE, SHIB, BCH, UNI, ADA, and others Altseason Incoming? Numerous reports emerged in the past week or so suggesting that the altcoins, which were outperformed by Bitcoin lately, could be on the verge of a price explosion, thus triggering the next altseason. This...

As Bitcoin surges toward its previous all-time high, industry experts are anticipating a correction before the digital asset can continue its upward trajectory. Mike Novogratz, founder of Galaxy Digital, shared his insights with Bloomberg TV, suggesting that while Bitcoin has soared past the $60,000 mark this week, a correction is likely imminent. Bitcoin Enters “Price Discovery” Phase “I wouldn’t be surprised to see some correction and some consolidation, but I’m very loath...

Coinbase has had a great run recently, topped off with a great Q4 2023 roundup in which the platform announced that it had beaten analyst predictions and was well on track to recovery from crypto winter. However, a technical glitch – which was reportedly caused by high traffic – recently struck the exchange, causing the site to display some users’ balances as zero. Speedy Recovery The platform has since recovered from the glitch, and Coinbase CEO Brian Armstrong hopped on X...

Binance has successfully retrieved $4.4 billion worth of digital assets for its users who made errors in their deposits over the past two years. Various reasons, such as inputting incorrect wallet addresses, depositing tokens that are not compatible, and issues arising from blockchain updates, can lead to mishandling of funds. Mishandled Deposits Recovered In 2022 and 2023, Binance resolved 381,616 cases where users deposited crypto assets that were not credited to their...

Bitcoin (BTC) is beginning a parabolic bull run of epic proportions that will last throughout the rest of the year, according to popular price analyst PlanB. In a post to X on Friday, the pseudonymous Bitcoin bull published a graph plotting Bitcoin’s “market cycle,” noting that the price has now emerged from this cycle’s “accumulation phase.” Bitcoin Bull Market Has Begun “No more easy buying opportunities in orderly and slowly increasing markets,” wrote PlanB. “If history is...

What a week! Better yet, what a month! Did you know that Bitcoin has never had a month as good as February 2024? That’s right, the cryptocurrency closed its best-yet candle, and we haven’t even gone through the halving yet. The pre-halving anticipation of higher prices is palpable as spot Bitcoin ETFs continue to see outrageous inflows. The total cryptocurrency market capitalization exploded to $2.4 trillion (per CoinGecko) as BTC charted a 21.3% increase in the past seven...

[PRESS RELEASE – Palo Alto, California, March 1st, 2024] Using OpenRank, developers and web3 companies can build consumer apps where people can discover, use, fund, read, or buy something on-chain without worrying about getting spammed or scammed. Karma3 Labs has raised $4.5M in seed funding led by Galaxy and IDEO CoLab Ventures to build OpenRank, a decentralized reputation protocol. Using OpenRank, developers and web3 protocols can power consumer apps, communities and...

BlackRock’s IBIT spot Bitcoin exchange-traded fund (ETF) has reached $10 billion in assets under management (AUM) within seven weeks of its launch on January 11. The fund now holds over 162,000 Bitcoin, making it one of the few ETFs to surpass the $10 billion mark. Spot Bitcoin ETF Performance Nate Geraci, president of the ETF store, provided context for IBIT’s achievement, highlighting that only a fraction of ETFs globally have surpassed the $10 billion AUM mark, with the...

[PRESS RELEASE – Grand Cayman, Cayman Islands, March 1st, 2024] Ondo launches native access to tokenized real-world assets on Sui Sui, the Layer 1 blockchain that offers industry-leading performance and infinite scaling, has announced that Ondo Finance’s yield-bearing stablecoin alternative is now live on the network and available for immediate use by builders, developers and their end users. Ondo’s US treasury-backed and interest-bearing token, USDY, is the Sui Network’s...

[unable to retrieve full-text content]CoinspeakerWorldcoin’s WLD Dips 6% after Elon Musk’s Lawsuit against OpenAI Musk argued that the launch of ChatGPT-4 represents a significant departure from OpenAI's core principles. Worldcoin’s WLD Dips 6% after Elon Musk’s Lawsuit against OpenAI