Author: News Room
Analysts have notably increased their price target for Bitcoin (BTC), citing a surge in technological innovations as a pivotal catalyst. As Bitcoin establishes new benchmarks, the financial ecosystem attentively observes the transformative impact of Layer 2 (L2) solutions on the cryptocurrency’s scalability, security, and decentralization. Tech Advancements Will Push Bitcoin Price Muneeb Ali, the CEO of Trust Machines, has played a crucial role in advocating for Bitcoin’s L2 technologies. He is confident that Bitcoin’s scalability challenges are on the cusp of a revolutionary breakthrough thanks to these L2 solutions. This development aims to enhance Bitcoin’s transactional efficiency. It also represents…
Argentines are increasingly turning to online side jobs to have an additional crypto-based income. According to the local press, students who have lower incomes and are affected by the adverse conditions of the national economy, are the ones who are commonly getting into these jobs with foreign companies or platforms that pay in crypto. Argentines […] Read the full article here
The decentralized finance ecosystem in XRP, managed by its decentralized network XRP Ledger (XRPL), has progressed after adopting the automated market maker(AMM) functionality. Per a post on X (formerly Twitter) by XRPScan, the first AMM liquidity pools were created just a few minutes after the AMM features went live. Some pools now hold hundreds of millions of tokens, supporting pairs such as XRP/USD and XRP/BTC. AMM is now live on XRPL mainnet! First few pools are rolling in 😀 – https://t.co/RR0LsMcvEG pic.twitter.com/epnT2QESzS — XRPScan (@xrpscan) March 22, 2024 Automated Market Makers (AMMs) rely on mathematical algorithms to quote cryptocurrency prices…
Recent observations by Eric Balchunas, a senior ETF analyst at Bloomberg, suggest that the movements in Bitcoin’s price are influenced by factors beyond just the flows of spot Bitcoin Exchange Traded Funds (ETFs). According to Balchunas, who shared his insights on X, “bigger forces at work” shape the largest cryptocurrency’s valuation. This indicates that the correlation between spot ETF flows and Bitcoin’s price action is less direct than some assume. The ETF Influence And Market Movements This analysis emerges amid a period of significant financial activity for Grayscale, which has seen substantial outflows, described by Balchunas as experiencing a “second…
Vanar, a prominent technology company, has announced a groundbreaking partnership with the National Incubation Center (NIC) Karachi. It aims to catalyze the emergence of Web3 talent in Pakistan. This strategic partnership aims to build an ecosystem for future developers through educational programs, workshops, and networking. Last week, Vanar partnered NVIDIA which boosted its token price. NEW STRATEGIC PARTNERSHIP! 🚀We’re joining forces with National Incubation Center Karachi to empower a new wave of Web3 talent in Pakistan. Our mission? To craft an ecosystem nurturing the next-gen of developers through seminars, workshops, and more! pic.twitter.com/98ZcxV2jM0 — Vanar (@Vanarchain) March 22, 2024 Vanar…
DWF Labs, a well-known market maker in the cryptocurrency market, has reportedly deposited all BEAM altcoins to Binance. DWF Labs moved all of its assets worth 130.8 million BEAM ($4.31 million) to the stock market at $0.03296. Interestingly, just a week ago, on March 15, 2024, DWF Labs had withdrawn these BEAM tokens from Binance at an average price of $0.03631 ($4.75 million). If the firm’s transfer transactions were indeed trades, the company would suffer an estimated loss of $439,000, a decline of 9.23%. This marks the first loss for DWF Labs following the market rally in February. In other…
As the majority of the cryptocurrency market resumes its upward move, Ethereum (ETH) is among the assets leading the charge, and artificial intelligence (AI) platforms see more bullishness and advances for the largest altcoin by market capitalization in 2024. Indeed, Ethereum has skyrocketed almost 10% in the last 24 hours, as it moved to recover from the recent hiccup that saw it accumulate a decline of over 11% on its weekly chart, and advanced AI forecasting algorithms predict further improvement by the year’s end. Ethereum price prediction 2024 Specifically, one of these AI algorithms, which relies on historical ETH trends,…
Leading pro-XRP exchange Bitrue has launched another trading competition centered around XRP, with $50,000 up for grabs for participants. Bitrue disclosed details about the new trading competition via its official X account and website. Per the announcement, it is an exclusive spot trading contest for freshly listed XRP pairs on the exchange. 🎉 Join #Bitrue exclusive spot trading competition now! 📈 Trade the newly listed $XRP base pairs for a chance to win a share of 50,000 $USDT! 👉 Trade now https://t.co/KM3jEJIdqR pic.twitter.com/XhQa27lRhi — Bitrue (@BitrueOfficial) March 22, 2024 Bitrue XRP Trading Contest Notably, Bitrue recently listed XRP trading pairs…
Sellers have turned out to be more powerful than buyers, according to CoinStats. SHIB/USD The rate of SHIB has followed the drop of other coins, going down by 2.59%. On the hourly chart, the price of SHIB is trading below the support level of $0.00002653. At the moment, there are no reversal signals yet, which means the drop may lead to the test of the $0.000025 zone soon. On the daily time frame, the rate of SHIB is falling after a false breakout of the $0.000028 area. If the bar closes below yesterday’s low, traders may expect a decline to…
A San Diego federal court judge has merited a class action by FTX users against the defunct Silvergate Bank for its role in aiding fraud against them before the exchange collapsed. Judge Ruth Bermudez Montenegro declined Silvergate’s dismissal motion, finding the class action sufficiently justified for the bank’s dealings with FTX and its trading firm, Alameda Research. In an order dated March 20, the judge agreed with the class group that Silvergate was aware of FTX fraud. The class group had alleged that Silvergate unjustly benefited by aiding fraud at the expense of FTX users. The bank had denied the…