Tag Archives: social

Bitcoin accumulation addresses are witnessing record inflows following Bitcoin’s (BTC) surge to its all-time high of $69,000 and the subsequent retracement. According to a weekly report by CryptoQuant, daily inflows into Bitcoin accumulation addresses have risen to 38,000 BTC, pushing the total holdings of such wallets to record-high levels of 1.5 million BTC. Accumulation Addresses See High Inflows Bitcoin accumulation addresses only acquire BTC and never sell. CryptoQuant...

Bitcoin’s price stood still for several days, but the asset went on the offensive yesterday, broke above $70,000 for the first time ever, and was violently rejected minutes later. Several altcoins, led by Worldcoin and FLOKI, have produced massive gains over the past day. BTC’s Rollercoaster CryptoPotato reported BTC’s notable run as of late, which culminated this week by charting a new all-time high two consecutive times. At first, Bitcoin shot above $69,000 on Tuesday after...

Pantera Capital is reportedly in the process of securing funds from major investors to acquire heavily discounted Solana tokens from the bankruptcy estate of FTX. The company is raising capital for the Pantera Solana Fund, which presents an attractive opportunity to purchase up to $250 million worth of SOL tokens from the FTX estate. Marketing materials from February, obtained by Bloomberg, reveal that investors would have the option to buy SOL at a price 39% below the 30-day...

Speaking with CNBC’s Brian Sullivan on “Last Call,” Lee said, “It’s a generational issue” for Millennials and Gen Z, who are more open to adopting cryptocurrency. Sullivan told the financial analyst and strategist, “I’ve never met an investment instrument that is so polarizing… There’s people who call it fake, it’s a fraud, it’s a joke, it’s worthless. You know? Why do you think Bitcoin is so polarizing?” “It’s a generational issue,” Lee answered. Bitcoin Generation Gap “You...

The price of Ether (ETH), the second largest cryptocurrency by market cap, could soar to $10,000 or even higher this year despite the asset being overshadowed by Bitcoin (BTC) in the past months. These were the words of Juan Leon, crypto research analyst at asset manager Bitwise. According to Leon, ETH, worth $3,950 at the time of writing, could rally past its all-time high of $4,800 and possibly surpass $10,000 due to catalysts like the upcoming Dencun upgrade and excitement...

The United States government is set to continue its fight for the extradition of Terraform Labs co-founder Do Kwon to the country after a Montenegrin court ordered the deportation of the crypto mogul to his home nation, South Korea. According to a Bloomberg report, prosecutors in the U.S. are hellbent on making Kwon face charges for his role in the $40 billion collapse of the TerraLuna ecosystem in May 2022. “The United States continues to seek Kwon’s extradition in...

The primary cryptocurrency stood still for a few days after this week’s massive volatility, but the bulls are back in control and pushed it to a fresh all-time high of over $70,000. Ethereum’s native token mimicked BTC’s performance by soaring past $4,000 and dumping just as hard minutes later. BTCUSD. Source: TradingViewBitcoin’s current week is going in a highly volatile fashion. The asset skyrocketed to under $69,000 on Monday and went above that line on Tuesday to break...

Bankrupt firms BlockFi and FTX have announced an agreement “in principle” to settle their disputes. According to a March 6 court filing, FTX has committed to paying up to $874.5 million to BlockFi, marking a potential resolution to a long-standing legal battle between the two entities. $874 Million Settlement Under the agreement terms, subject to court approval, BlockFi stands to receive compensation that includes an allowed customer claim of $185.2 million against FTX.com....

Amidst the market-wide rally, Bitcoin miners appear to be reaping substantial rewards. On March 6th, they earned a staggering $75.9 million in daily revenue marking the second-highest figure in the leading crypto asset’s history. This also represented a notable increase of 30.74% from the previous day and a remarkable surge of 293.1% compared to the same date one year ago. Record-Breaking Day for Bitcoin Miners As updated by Julio Moreno, head of research at CryptoQuant, this...

Fetch.AI’s native token, FET, has witnessed a 360% since 2023, with a notable rise from $0.6 to an all-time high of $2.84, which was partly driven by the v0.17 update in early February. As a result, FET briefly entered the list of the top 50 crypto assets market cap before sliding two positions down. The latest rally was first fueled by the market-wide surge and was later propelled by Fetch.AI securing advanced GPUs following the $100 million infrastructure investment. As a...