Day: January 24, 2024

When Will Bitcoin Downtrend End? This Signal Could Be One To Watch

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An analyst has explained that a futures market signal could be one to wait for before the latest Bitcoin drawdown can finish. Bitcoin Funding Rates Are Still In The Positive Territory As pointed out by an analyst in a CryptoQuant Quicktake post, the BTC funding rate has been reducing recently, but it’s still at positive levels. The “funding rate” refers to an indicator that keeps track of the amount of periodic fee that futures contract holders are exchanging between each other currently. When the value of this metric is positive,…

Cash Handling Firm Brink’s Invests in Crypto Custodian BitGo

“As much of our industry, and the financial services industry writ large, prepares for the digital tokenization of potentially a lot of assets, it was very strategic on their behalf to reach out to us,” said BitGo VP Baylor Myers in an interview. “I think Brink’s is going to continue to allocate resources to its office of digital assets.” Source

Video game Doom from 1993 game goes live on Dogecoin blockchain

A developer named Mini Doge announced that he launched the 1993 game Doom on the Dogecoin blockchain. The game was launched using Inscriptions. A developer named Mini Doge announced that he found the 1993 game Doom inscribed onto the Dogecoin blockchain. The game also has support for full-screen mode, which also works with a mouse. To do this, follow the link in the Content section. Mini Doge warned that the first boot would take about a minute. To port the project, the developer used “inscription” technology; these are tokens based…

Mysten Labs Partners with Alibaba Cloud to Bolster Sui Blockchain Ecosystem

Mysten Labs, a key developer behind the Sui blockchain, has announced an expanded partnership with Alibaba Cloud. This collaboration aims to bolster the Sui blockchain ecosystem through a series of innovative services, notably leveraging artificial intelligence (AI) technology. Key aspects of this partnership include the development of an AI-enabled environment tailored for Sui’s Move language developers. Mysten Labs and ChainIDE are jointly creating an AI-assisted tool that simplifies Move code development. This tool, powered by natural language processing, will enable developers to generate Move code from simple prompts. Leveraging Alibaba…

Post-ETF Pain: Bitcoin Plunges 20%

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Bitcoin has dropped over 20% from its three-year high reached shortly after the U.S. Securities and Exchange Commission (SEC) approved the first spot Bitcoin exchange-traded funds (ETFs) in January. Analysts cite a combination of profit-taking after the long-awaited event and broader market uncertainty as reasons for the correction. Bitcoin Retreats Post-ETF Approval Surge The price surge in anticipation of the ETF approval saw Bitcoin reach nearly $49,000 on January 11th. However, since the green light for the ETFs, the cryptocurrency has retreated steadily, trading at around $39,500 at the time…

Celsius Wallet Deposits Nearly $36,000,000 Worth of Ethereum (ETH) Into Crypto Exchanges: On-Chain Data

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A wallet associated with the defunct crypto lending platform Celsius deposited $30.34 million worth of Ethereum (ETH) to Coinbase on Monday, according to the crypto tracker Lookonchain. Lookonchain also notes that Celsius deposited $5.13 million worth of ETH to the crypto exchange FalconX. Celsius’ two staking wallets still hold a total of 557,081 Ethereum worth around $1.3 billion. Celsius filed for bankruptcy in July 2022 after its native token, CEL, plummeted by 99% and it was unable to fulfill withdrawals. In July, the project’s founder, Alex Machinsky, was arrested and…

5 Key Metrics For BTC In 2024

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The Bitcoin network and its underlying assets have evolved since its launch in 2009, and keeping up with the changes and updates can be challenging. In a post, financial strategist Lyn Alden broke down five key metrics to help BTC investors assess the network’s current state.    Beyond Price: A Look At The Bitcoin Network Vitality As Lyn Alden suggests, a deeper dive into the Bitcoin network is essential for any investor. This approach offers a more nuanced understanding of Bitcoin’s status, moving past the “superficialities of price fluctuations” to…

Orbs Network Token ($ORBS) Gains Listing on India’s Most Compliant Exchange, CoinDCX

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CoinDCX, one of India’s most valued and biggest crypto exchanges, announced the listing of Orbs Network’s native token, $ORBS, this Tuesday. The listing will allow the Indian exchange users to buy and sell the $ORBS token using the Indian Rupee (INR) and other available crypto pairs including Bitcoin and Tether, with more pairs to be added in the future. Orbs Network is a Layer 3 open, decentralized and public blockchain infrastructure executed by a secure network of permissionless validators using Proof-of-Stake (PoS) consensus. The platform is mainly known for its…