Author: News Room
Nasdaq-listed firm MicroStrategy, the enterprise software company known for its aggressive Bitcoin investment strategy, has further solidified its position as a major player in the cryptocurrency space by adding an additional 9,245 BTC for $623 million, bringing its total holdings to over 1% of BTC’s supply. In a filing with the U.S. Securities and Exchange Commission on Tuesday, the company revealed its second multi-million dollar Bitcoin purchase in just over a week, which brought its total Bitcoin holdings to 214,246 BTC. The company financed the purchase primarily through the sale of convertible notes, similar to its previous Bitcoin acquisition of…
Binance, the world’s largest crypto exchange, has announced the delisting of DREP (DREP), MobileCoin (MOB), and pNetwork (PNT). This action, taking effect on April 3, 2024, at 03:00 UTC, will see the removal of associated trading pairs from its platform. Why Binance Will Delist These Altcoins In their evaluation process, Binance scrutinizes several factors. These include the team’s commitment to the project and the level of development activity. Also considered are trading volume, liquidity, and network stability. Additionally, the exchange assesses compliance with new regulatory standards and the contribution to a sustainable crypto ecosystem. “When a coin or token no…
Institutional investors’ strong demand for buying the spot Bitcoin ETFs and BTC’s history of strong outperformance around the supply-halving event are thought to be the main reasons for Bitcoin hitting new all-time highs in 2024. The Bitcoin (BTC) halving has previously been associated with bull markets, with the price displaying a parabolic uptrend and a price peak in the months following the event. Halvings happen every four years and reduce miner block rewards by 50%. The next halving is roughly 3 days away and will reduce block rewards from 6.25 BTC to 3.125 BTC. Bitcoin halving countdown. Source: CoinMarketCapImpact of past…
BitcoinIRA is on a mission to help Americans retire. In 2016, the founders had a vision that changed the American retirement landscape forever. BitcoinIRA brought the first cryptocurrency IRA to the world and has been the market leader since igniting the industry. Chris Kline is the co-founder and CRO at BitcoinIRA. He recently joined the […] Read the full article here
BitMEX founder Arthur Hayes is turning bullish on three crypto projects during the current bull market cycle. In a new interview with Pomp Investments founder Anthony Pompliano, Hayes says the decentralized finance (DeFi) project Pendle (PENDLE), which allows users to tokenize and sell future yields, has a lot of upside potential as it innovates in the interest rate space. “If we want to have a farm-to-table use of Bitcoin, Ethereum or whatever cryptos we need interest rates to borrow and lend amongst the ecosystem. So we’re starting to see that. Pendle is pioneering that. They’ve created some fun things with…
Donald Trump, the former president and presumptive Republican nominee in 2024, is signaling his support of digital assets. In a new CNBC interview, Trump indicated if he were elected president again he would not crack down on the use of Bitcoin (BTC) and other cryptocurrencies through increased regulations. According to Trump, the use of digital assets is becoming more prevalent, such as to make purchases, making him more inclined to support crypto – despite his preference for the US dollar. When he launched his “Never Surrender” golden high-top sneakers, Trump says he was surprised at how many were sold to…
A widely followed analyst and trader is offering his forecast on three crypto assets. Starting with the fifth-largest crypto asset by market cap, the analyst pseudonymously known as Inmortal tells his 209,800 followers on the social media platform X that Solana (SOL) could replicate its rival Ethereum’s (ETH) explosive rally from early 2020 to late 2021 and skyrocket by similar multiples. Ethereum went up from the low of a price of just under $90 reached in March of 2020 to an all-time high price of just below $5,000 which was recorded in November of 2021. From the current price, Solana…
A widely followed on-chain analyst thinks that Bitcoin (BTC) is just taking a breather before rallying to fresh all-time highs. Analyst Willy Woo tells his 1 million followers on the social media platform X that the Bitcoin Risk Signal, which compares BTC’s network flows to price action, suggests that the crypto king is not yet done rallying. According to Woo, Bitcoin is currently consolidating close to record prices in preparation for the next burst to the upside. “This is a Bitcoin long-timeframe risk signal I’ve been working on. Scale in when risk is low, scale out when risk is high.…
Recent developments suggest Bitcoin (BTC) could serve as more than just “digital gold,” according to a researcher at the crypto asset management giant Grayscale. In a new analysis, Grayscale’s Michael Zhao highlights Bitcoin’s surging on-chain activity. “The advent of ordinal inscriptions has revitalized on-chain activity, with over 59 million non-fungible-token-like (NFT) collectibles inscribed, generating upwards of $200 million in transaction fees for miners as of February 2024. This trend is expected to persist, bolstered by renewed developer interest and ongoing innovations on the Bitcoin blockchain.” Bitcoin ordinals enable users to inscribe digital data such as images and videos to a…
Welcome to my new weekly column, Core Corner. This feature is focused on Core Blockchain (XCB), a layer-1 ecosystem attempting to reshape the decentralized digital landscape.Last year, I met with the chain’s core developers, CoDeTech, and produced this short documentary on the development up to that point. Since then, the team has launched the first applications on the network, notably the CorePass ID digital identity wallet and Ping Exchange, a peer-to-peer CEX trading from hybrid cold storage wallets.Core Blockchain XCB Ping and CorePass launch.One of the most interesting choices for Ping was to remove market makers from the equation, meaning every…