Crypto news

Bitcoin witnessed significant developments in recent weeks that have helped it extend its rally, surging past $47,000 for the first time in nearly a month. The uptick has brought a sense of relief for its investors, who recently endured a brief plunge to 38,500 and now find themselves comfortably in the profit zone amidst market recovery. Interestingly, the latest data by a CryptoQuant analyst suggests that the market is approaching a “turning point.” Where Is Bitcoin...

In a recent blog post titled ‘Points Guard,’ former BitMEX CEO Arthur Hayes made a compelling case for the emergence of “points” as a superior alternative to traditional initial coin offerings (ICOs) and yield farming with regard to crypto fundraising and user engagement. Hayes argued that points combine the best aspects of ICOs and yield farming while addressing their respective limitations. ICOs, he noted, allow retail investors to purchase a stake in a new protocol but...

Bitcoin spot ETFs recorded $400 million of net inflows on Thursday, bringing their total inflows since launch beyond $2 billion for the first time. The inflows were coupled by a surge in Bitcoin’s price late this week, taking it to $48,000 as of Friday. Bitcoin ETF Inflows Outpacing Grayscale In terms of daily flows, Thursday was the third best day yet for Bitcoin ETFs since going live on January 11. Their best performance remains the day of launch when they raked in $655...

Last week, Bitcoin managed to recover a substantial portion of the ETF-induced losses that occurred in the two weeks after their approval but then stalled at around $43,000 for several consecutive days. In fact, the asset remained at around that level from last Thursday to this Wednesday with little to no actual movements. That, though, started to change on Wednesday evening when the bulls finally stepped up on the gas and initiated an impressive leg up that resulted in...

[unable to retrieve full-text content]CoinspeakerFrom the Merge to the Splurge: Look at Vitalik Buterin’s 2024 Ethereum Roadmap Although the technical direction of Ethereum remains largely unchanged, Buterin’s commitment to reviving the cypherpunk spirit of the chain’s early days speaks to a passion for privacy. From the Merge to the Splurge: Look at Vitalik Buterin’s 2024 Ethereum Roadmap

[unable to retrieve full-text content]CoinspeakerSpot Bitcoin ETF Attracts $403M in Net Inflows on February 8 The surge in net inflows into Bitcoin ETFs reflects a growing acceptance and integration of Bitcoin into mainstream investment portfolios. Spot Bitcoin ETF Attracts $403M in Net Inflows on February 8

[unable to retrieve full-text content]CoinspeakerEthereum’s ERC-404 Token Standard Sets New Era for Digital Assets The ERC-404 launch continues to draw massive interest from the crypto markets due to its merger of fungible and non-fungible tokens. Are there early adopters already? Ethereum’s ERC-404 Token Standard Sets New Era for Digital Assets

[unable to retrieve full-text content]CoinspeakerEthereum Developers Choose March 13 for Mainnet Deployment of Dencun Upgrade On March 13, at slot 8626176, the Ethereum network hard fork for Dencun will take place on the mainnet, after successful testnet launches. Ethereum Developers Choose March 13 for Mainnet Deployment of Dencun Upgrade

[PRESS RELEASE – San Juan, Puerto Rico, February 9th, 2024] tea is shaking up the digital world by addressing the long-standing issue of inadequate compensation for open-source developers. Solving this issue is more urgent than ever, which is why we have decided to deploy $250K in grants ahead of the launch of the protocol. This initial stage aims to support maintainers of open-source projects that have a material impact on the open-source software ecosystem and a teaRank...

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Binance Coin. Ethereum (ETH) Ethereum ended the week on a high note with a 9% price increase, making it one of the best performers on our list. In the process, ETH broke the resistance at $2,441 and turned it into support. The current target of this rally is $2,506, which is the next key level on the chart. If the second-largest cryptocurrency breaks that level as well, then it has a clear path...