Author: News Room
A top Galaxy Digital executive thinks Bitcoin (BTC) will eventually reach $100,000 and beyond this market cycle. In a new interview with CNBC, Galaxy Digital’s Global Head of Trading Jason Urban says $100,000 for BTC is within the realm of possibility. Based on Galaxy Digital CEO Mike Novogratz’s $100,000 prediction and Standard Chartered’s recent $150,000 forecast, Urban says he’ll split it down the middle and call for $125,000. “I certainly think that $100,000 is expected by a lot of, I’ll say, crypto natives. As you know, I’m out here at the Digital Asset Summit in London this week and just talking…
GoDaddy, a world leader in web hosting and registration, is announcing a partnership with Ethereum Name Service (ENS), a domain naming service built on top of Ethereum (ETH). According to a new press release, users of GoDaddy domains can now link their domains to ENS without any additional costs or technical knowledge. As stated by Paul Nicks, president of domains at GoDaddy, “As a long-time domain industry steward, we are always looking for innovative enhancements that benefit our customers. Partnering with ENS presents our customers with a unique opportunity to experience the fusion of domain names and blockchain technologies, bringing…
Crypto and NFT payments infrastructure company Transak has partnered with Visa to integrate Visa debit capabilities into its global off-ramp service. This move increases the options for crypto-to-fiat off-ramps, allowing users in over 145 countries to convert their crypto holdings into local fiat currencies.Using a product called Visa Direct, Transak will allow the fluid conversion of digital assets into fiat currency across the industry. This collaboration addresses a critical gap in the market: the ease of crypto-to-fiat conversion. Historically, the focus has been on facilitating the flow of fiat into crypto, leaving the reverse process, from crypto back to fiat,…
Transaction fees across various Ethereum layer-2 networks, such as Base, StarkNet, and Optimism, have seen significant reductions following the implementation of the Dencun upgrade.Yesterday, the Dencun upgrade went live after months of anticipation within the crypto community. The upgrade, described as the most “complex fork” since Ethereum transitioned into a proof-of-stake network, introduced a new transaction type called blobs for layer-2 networks.Dencun introduced Ethereum ‘blobs’, which are temporary data storage mechanisms that significantly reduce transaction fees and enhance throughput for Layer 2 networks by allowing for a more efficient and cost-effective way to post rollup data. This data is pruned…
Ethereum, the second-largest digital asset by market capitalization, is trading near the pivotal $4000 milestone for the first time since December 2021, up 15% during the past week.Amid this price rally, leading restaking protocol EigenLayer is now the second-largest DeFi protocol in terms of total value locked, according to DeFillama data.ETH’s priceEthereum is currently priced at $3954 following a 4% gain during the past day, according to CryptoSlate’s data.This upward movement in Ethereum’s value can be linked to the excitement surrounding the upcoming Dencun upgrade scheduled to go live on the mainnet by Mar. 13. Dencun brings proto-danksharding to Ethereum,…
Bitcoin’s recent dip to $60.8K mounted concerns about the sustainability of the rally. It was the biggest single-day decline in a fortnight as a result of a decline in inflows of spot Bitcoin ETFs on the same day. The downturn was widespread, with several altcoins following Bitcoin’s suit. Despite this price correction, the bullish sentiment is still prevalent and is backed by Santiment’s MVRV Opportunity & Danger Zone Model, which signals a shift in altcoins’ trajectory. The blockchain intelligence platform found that several altcoins now reside in the opportunity zone for mid-term trading. This zone activates when an asset’s 30-day,…
Everyone watching Bitcoin is asking if its price will jump after the halving. This is when the reward for mining Bitcoin cuts in half, and usually, the price starts to climb after that happens. But what’s going to happen this time, considering the bloodbath we are seeing on the market? Looking at the Bitcoin chart we have, it seems the price has not been jumping as much as it did before other halvings. This makes some people worry about the rally’s future. If Bitcoin does not start ascending more before it hits a price just a bit higher than its…
Etherfi, a well-known liquid restaking protocol on the Ethereum blockchain, will launch its own crypto ETHERFI tomorrow with a parallel airdrop dedicated to the platform’s early users. The new currency, farmable alternatively through Binance Launchpool until 00:59 tonight, will be distributed among all holders of “Etherfi points” who in recent months have locked their ether on the protocol receiving eETH in exchange. This airdrop could open the doors to other token distributions by the restaking protocol ecosystem, such as Eigenlayer and Swell. Below are all the details on how to verify your eligibility for Etherfi and how to get ready…
Major coffee retailer Starbucks said on Friday afternoon it will be ending its NFT-enabled customer loyalty program, dubbed Odyssey. The program will close on the last day of March. “The Starbucks Odyssey Beta must come to an end to prepare for what comes next as we continue to evolve the program,” Starbucks said in an update to the program’s FAQ page. The NFTs customers could earn through Odyssey, called Stamps, will be transferred to the NFT platform Nifty Gateway, where they can continue to be bought and sold, Starbucks added. It’s the latest in a growing trend of non-crypto companies…
Dogecoin (DOGE) founder Billy Markus, who goes by the name Shibetoshi Nakamoto on X (formerly Twitter), has reacted to the latest cryptocurrency market crash. After the most recent crypto rally, where Bitcoin (BTC) hit a new all-time high (ATH) of $73,835, the market started a downtrend by the end of last week. However, Tuesday witnessed a substantial crash of the crypto market. Data from CoinGlass reveals that there have been $637.31 million in liquidations during the last 24 hours. Notably, $526.49 million of these were in long liquidations, while $110.82 million were in short liquidations, highlighting how the market was…