Author: News Room
Blackrock’s head of digital assets has revealed that bitcoin is the overwhelming favorite cryptocurrency for the asset management firm’s clients. “And then a little bit Ethereum, and very little everything else,” he added. Blackrock’s spot bitcoin exchange-traded funds (ETF), the Ishares Bitcoin Trust (IBIT), has amassed approximately 243K bitcoins since its launch. Blackrock’s Head of […] Read the full article here
A crypto trader who called Bitcoin’s (BTC) 2018 price floor thinks that top memecoin Dogecoin (DOGE) is gearing up to witness a big upside move. The analyst pseudonymously known as Bluntz tells his 250,400 followers on the social media platform X that DOGE is in a solid position to print gains against both the US dollar and Bitcoin. According to the top trader, DOGE is primed to start another leg up in both the USD and BTC pairs after completing a three-wave correction that started in the first week of March. “DOGE finally looks ready to rip higher again, nice…
The United Nations (UN) Security Council has released a report showing North Korea earns 50% of its foreign exchange earnings from cyberattacks. The council is also investigating involvement in cyberattacks associated with cryptocurrency companies, which reportedly caused losses of approximately $3 billion (450 billion yen). North Korea’s Cyberattacks Target Cryptocurrency North Korea primarily conducts cyberattacks by compromising digital wallet private keys and seed phrases, which are crucial for wallet security. These breaches result in the transfer of victims’ assets to North Korean-controlled wallets, often exchanged for USDT or Tron, which are then converted to fiat currency through large-volume OTC brokers.…
After capitulating on March 19, Bitcoin recovered on March 20. However, while the crypto community expects more rapid gains, even above the all-time highs of around $73,800, Willy Woo, an on-chain analyst, thinks the coin will likely consolidate in the days ahead. SOPR Peaked At An Unusually High Level: Profit-Taking? Taking to X, Woo listed several on-chain metrics, some of which, while supporting prices, are countered by others that might slow down the uptrend. At the top of the list, the analyst notes how the Spent Output Profit Ratio (SOPR) reading is printed out. Related Reading: Leading The Pack: Solana…
The rapid ascent of Base in the crypto ecosystem is turning heads. In just one month, its total value locked (TVL) nearly doubled. This growth spurt is causing headaches for the crypto behemoth Coinbase. Can Base Network Challenge Solana? Particularly after Ethereum’s Dencun upgrade transaction efficiency on layer-2 solutions like Arbitrum, Optimism, and Base got enhanced. Hence, the users flocked to these layer-2 platforms. Base’s meteoric rise has been impressive, with a record total value locked (TVL) of $794 million. This represents a 19.62% weekly increase, surpassing Solana’s 10.54% growth. However, Base still trails behind Solana’s massive $4 billion TVL…
VeChainThor blockchain has achieved a significant milestone with over 3,000,000 unique VET wallets created, reflecting a 50% surge within just one year. VeChain hints at upcoming developments, including the launch of VeWorld, a dynamic new wallet offering enhanced functionalities. The VeChainThor blockchain development has reached a significant milestone by reaching all-time high (ATH) levels of activity on the chain. Specifically, the platform has witnessed the creation of over 3,000,000 unique VET wallets, marking a pivotal moment in its growth trajectory. This noteworthy accomplishment demonstrates a remarkable surge of 50% within a span of just one year and one month. It…
On-chain activity indicates a notable reaction to regulatory uncertainties surrounding the second-largest digital asset by market capitalization, Ethereum. A significant spike was registered in the number of tokens sent to centralized crypto exchanges. This is the biggest ever recorded since September 2022, profoundly influencing the price of Ethereum. Ethereum Sees Largest Exchange Inflow in 2 Years Ethereum has faced considerable scrutiny recently. Critics within the cryptocurrency community cite its lackluster price performance and the rise of Solana as evidence of Ethereum’s declining influence. Furthermore, regulatory bodies are purportedly targeting the Ethereum Foundation, questioning ETH’s classification as a security. Indeed, concerns…
KuCoin, a leading cryptocurrency exchange, has achieved a significant milestone by becoming the first global crypto exchange to be compliant with the Financial Intelligence Unit (FIU) in India. This accomplishment comes amidst recent regulatory changes in the Indian cryptocurrency landscape. Moreover, it highlights KuCoin’s commitment to strengthening its position in key global markets. Read the full article here
A notable Bitcoin analyst using the pseudonym “Crypto Scofield” on X has issued daring price projections for various tokens, noting they are attainable within the next four months. Crypto Scofield’s commentary comes amid the recent price collapse in the market induced by Bitcoin. Encouraging participants in the crypto market to seize buying opportunities during downturns, he outlined his short-term objectives for 12 coins. He anticipates these coins will demonstrate remarkable price rebounds in the next three to four months following recent declines. At the forefront of the list is Bitcoin (BTC), with Crypto Scofield projecting a surge to $150,000. This…
Gary Gensler wants 33 more people in the enforcement division of the U.S. Securities and Exchange Commission (SEC) to deal with “new and emerging issues,” according to the regulator’s annual budget pitch. Much of that office’s recent, emerging workload has come from the agency’s pursuit of cryptocurrency businesses, such as Coinbase Inc., Kraken and Binance. A number of U.S. financial regulators noted the rise of crypto as a justification for their latest budget requests – an annual exercise that tends to say more about agencies’ priorities than the actual funding they necessarily end up with. The SEC, for instance, has…