Author: News Room
An unknown trader took home millions of dollars in profits in a span of a few minutes after their timely exit in a new memecoin running on the Solana (SOL) network, on-chain data shows. Blockchain tracking firm Lookonchain first spotted a trader who spent nearly 10,000 SOL to accumulate about 70 million Slerf (SLERF) tokens. Lookonchain says the trader had no plans to hold onto their SLERF stack for the long haul as he immediately unloaded it at the first opportune time. “Unbelievable! This guy made ~$3.02 million in just 12 minutes by trading SLERF! He spent 9,894 SOL ($1.98…
Zone, a Nigerian payment fintech startup that leverages the blockchain, recently raised $8.5 million in a seed funding round. An undisclosed portion of the funds will be allocated to cover costs associated with the trial of Zone’s cross-border payment capabilities in 2025. Zone to Expand Its Payment Infrastructure Zone, a blockchain-based Nigerian payments startup, has […] Read the full article here
Bitcoin, with its intraday low and high at $60,760 and $66,382 respectively, and currently trading above the $63,500 mark, showcases its durability and unpredictability. The price movements of bitcoin persist in the lead-up to the U.S. Federal Reserve’s gathering on Wednesday afternoon. Bitcoin On March 20, 2024, bitcoin’s (BTC) 1-hour chart reveals a prevailing downtrend, […] Read the full article here
Per the most recent data, we are a month away, or precisely 30 days, from the fourth Bitcoin halving event. This significant milestone will cut the mining rewards from 6.25 bitcoins per block to 3.125 bitcoins per block after the halving. The summary below outlines the essentials to grasp the changes occurring during the halving, […] Read the full article here
If Bitcoin (BTC) is the unstoppable force of continuously reducing new supply to the market, retail and institutional adoption may have become an immovable object driving up demand for the largest cryptocurrency. With the approval of spot Bitcoin exchange-traded funds (ETFs) in the United States (the largest global equity market) — and the ETFs breaking records since their launch — the demand side (immovable object) may be in play, which could be pushed into overdrive with the upcoming Bitcoin halving. Some things are certain in life, and some are just on a spectrum of possibilities. All the current speculation in the…
According to Prague-based hardware wallet provider Trezor, there are currently 420 million global exchange users but only eight million self-custody hardware wallet users — that’s around 2% of the total.This would imply a huge potential market for Trezor, but there have been recent disturbances in the Force, not least the recent approval of Bitcoin exchange-traded funds (ETFs) and the potential for Ethereum ETFs.These financial products allow investors exposure to crypto without the need to hold the asset itself. It’s the opposite of self-custody and potentially not good news for hard wallet providers.Trezor CEO Matej Zak says that for existing Bitcoiners…
Gate Group Adds Italian VASP Registration to List of Global Expansion Achievements March 20th, Panama – Gate.MT, the Malta-regulated company of Gate Group, recently announced its successful VASP registration with Italy’s Organismo Agenti e Mediatori (OAM) through its Italian subsidiary Gate Technology Italia SRL. This registration follows a series of other regulatory registrations, licenses, and approvals in jurisdictions worldwide as part of Gate Group’s global expansion. Gate.MT can now offer various services to Italian clients via its local subsidiary, including virtual currency exchanges and conversions, transfers, clearing services, and digital wallet services. Complete registration details are available through the OAM…
The price of Bitcoin (BTC) has declined by more than 17.5% a week after setting a new record high of around $73,800. As of March 20, it has reached a two-week low of $60,760.BTC/USD daily price chart. Source: TradingViewBitcoin’s price drop coincides with anticipations that the Federal Reserve will maintain its key interest rates within the existing 525-550 basis points (bps) range. Furthermore, the continued withdrawals from Bitcoin exchange-traded funds (ETFs) are exacerbating the downward pressure on its price.Let’s discuss how low can the Bitcoin price go in the ongoing correction cycle.BTC price could break below $60,000 support in MarchThe…
MicroStrategy has substantially increased its Bitcoin reserves. Following the completion of its senior convertible notes offering, the company announced the acquisition of an additional 9,245 Bitcoin (BTC). This purchase propelled MicroStrategy’s total holdings to a staggering 214,246 BTC, valued at $7.53 billion. It marks a significant milestone, positioning the firm as a dominant player with over 1% of the finite 21 million Bitcoin supply. MicroStrategy Among Biggest Bitcoin Holders Michael Saylor, the founder and executive chairman of MicroStrategy, highlighted the firm’s relentless pursuit of Bitcoin accumulation. The latest acquisition, costing $623 million, showcases the company’s strategic investment at an average…
Goldman Sachs continues to back Bitcoin, even after its value slipped to $60,000. The investment giant’s digital assets chief, Mathew McDermott, has noted a significant shift. Now, more institutional investors are entering the crypto market, previously led by retail investors. Why Goldman Sachs is Bullish on Bitcoin At the Digital Asset Summit in London, McDermott shed light on the changing tide of investment. Despite a recent fall in Bitcoin’s price from a high of nearly $73,798 to around $63,000, institutional interest has surged. This interest is evident in the fluctuating dynamics of Bitcoin exchange-traded funds (ETFs). Early January saw the…