Author: News Room

A top analyst who accurately called Bitcoin’s (BTC) 2022 price floor says the king crypto’s current cycle top may max out at $100,000. In a new strategy session, pseudonymous analyst DonAlt tells his 58,600 YouTube subscribers that Bitcoin may soar more than 47% from the current value to print a cycle top if there is a near-term correction. “If we go lower, it’s going to be easier to go a little bit higher. At that point, I think $80,000 to $100,000 would be realistic. If we don’t go lower and just go up I think there’s a chance like $70,000,…

CryptoQuant CEO Ki Young Ju has voiced concerns about Ethena’s recent decision to incorporate Bitcoin as a backing asset for its USDe synthetic dollar.On April 4, Ethena Labs revealed plans to onboard BTC as a backing asset for USDe to create a safer product for its users. The firm said:“After the unprecedented growth or USDe since launch, Ethena hedges represent ~20% of ETH open interest as of today. With $25 billion of BTC open interest readily available for Ethena to delta hedge, the capacity for USDe to scale has increased >2.5x.”USDe is a fast-rising “stablecoin” that has attracted significant community…

TL;DR A well-known crypto platform now allows users to buy Shiba Inu (SHIB), incorporating a variety of services with the asset. SHIB’s widespread adoption by major exchanges and positive market indicators suggest a potential for resurgence despite current market downturns. The Latest to Hop on the SHIB Bandwagon The leading cryptocurrency lending platform, Nexo, announced on X that users can purchase the second-largest meme coin – Shiba Inu (SHIB). The company explained that card transactions can be accepted “in seconds” and enabled free Ethereum top-ups. Swap with rewards, borrowing against SHIB, and sending assets to a friend via a phone…

In recent news within the crypto investment space, Bitcoin ETFs have demonstrated a remarkable surge, witnessing a significant 283% increase in net inflows over a 24-hour period. Data unveiled by BitMex Research underscores this pronounced uptick in investor engagement, with the total net inflow into Bitcoin spot ETFs amounting to an impressive $113 million on the previous day. Among the Bitcoin ETFs, Fidelity’s FBTC emerged as the frontrunner, experiencing a daily net inflow of approximately $116 million, closely followed by BlackRock’s IBIT, which recorded a net inflow of about $42.03 million. Conversely, Grayscale’s GBTC saw a net outflow of $75.14…

Justin Bieber is back in the news for all the wrong reasons. As his fans have bid farewell to his boyish charm and begrudgingly accepted his 30-year age, they are also realizing that Bieber has made very adult mistakes. These include promoting a $1,600 NFT collection that now trades below a $150 floor. Videos of Bieber have caught the public’s attention this week, specifically those that show that he spent significant one-on-one time with Sean ‘Diddy’ Combs when he was a youngster. Video evidence of their interactions ignited his fanbase over concerns of potential sexual abuse and couple of weeks…

Neo SPCC has released NeoFS Panel, providing a way for users and developers to use the decentralized storage platform from within a browser. The service relies on the recently launched REST gateway to bridge requests between the client and NeoFS services. Panel serves as an alternative to the neofs-cli, allowing users to bridge funds to and from the NeoFS sidechain or manage containers and objects. A video walkthrough was shared by the team to help users get up and running quickly, showing the available features. The application also serves as an example for developers of how to use the REST…

Bybit, the world’s third-largest crypto exchange by trading volume, continues to solidify its position as a beacon of transparency and security in the crypto industry by announcing a groundbreaking proof-of-reserves audit. The exchange has verified a total of 40 crypto tokens, making it the industry leader in terms of audited assets. The recent audit encompasses a diverse range of cryptocurrencies, including newly added tokens such as WLD, AGI, APEX, BEAM, FET, GALA, IMX, RNDR, and SHRAP. Bybit assures that each of these 40 tokens is fully backed up to 150%, underscoring the exchange’s commitment to robustness and security. This initiative…

The Arbitrum (ARB) price is navigating through a challenging period, highlighted by several indicators suggesting investor interest might be waning. The most striking is the Relative Strength Index (RSI) sliding to its lowest since November 2023, combined with a steep decline in daily active addresses. This confluence of factors points to a complex landscape for ARB, raising questions about its near-term price trajectory. ARB Metrics Indicate Cooling Interest The RSI, a momentum oscillator that measures the speed and change of price movements, has shown a noticeable decline from a high of 75 on March 13 to 51. This indicates a…

The Brooklyn District Attorney’s office has seized 21 web domains associated with fraudulent cryptocurrency investments and “pig butchering” scams. The operation targeted scams known as “pig butchering,” where scammers gain victims’ trust through dating apps or other platforms and manipulate them into making bogus investments, The Associated Press reported Thursday. “Pig butchering is a growing type of scam that defrauds residents of Brooklyn and the entire country out of billions of dollars every year,” Brooklyn District Attorney Eric Gonzalez said in a statement: “My office’s strategy is to disrupt these schemes by seizing and shutting down their online infrastructure, and…

Disclaimer: This article is sponsored content and should not be considered as financial or investment advice. Always do your own research before making any financial decisions. The opinions expressed in this article are those of the author and do not necessarily reflect the views of CryptoGlobe. Scorpion Casino is making waves in the online gaming and cryptocurrency worlds, as this recently launched platform is merging the thrill of casino games with the possibilities of digital currency investments. Their pre-sale event, designed to fuel the platform’s growth, has garnered significant attention, exceeding $10 million raised from over 20,000 participants, and has…