Next week, on Feb. 7, Dencun will go live on its final Ethereum testnet, Holesky. After that, developers will ink in a date to activate Dencun on the main blockchain. Source
Two payment giants are collaborating to tackle one of crypto’s pain points regarding mass adoption: swapping digital assets into fiat currencies. On Jan. 30, Transak and Visa announced a partnership to bridge the gap between the worlds of cryptocurrencies and traditional finance by offering direct crypto-to-card withdrawals in over 145 nations. Visa is a world leader in digital payments, while Transak specializes in building payment infrastructure for crypto and NFTs. Together, the pair noted that on-ramps that allow users to change fiat currencies like the U.S. dollar into crypto like…
Despite the recent market conditions that saw Bitcoin’s value dip below the critical $39,000 mark, large-scale BTC holders, often called ‘whales,’ have demonstrated their confidence in the flagship crypto. Crypto analyst Ali has shed light on this development via a post on X, indicating that these major investors have capitalized on the recent price correction to augment their Bitcoin portfolios. Ali’s analysis revealed that about 67 new entities have joined the elite group of Bitcoin holders who own more than 1,000 BTC, marking a 4.50% increase in such holdings within…
Dogecoin (DOGE) is getting ready to “pop,” as this crypto analyst predicts that the next move to the upside could see the meme coin break a critical resistance level. DOGE’s price has, in recent times, lived off the hype regarding several use cases that could be added for it soon. However, it remains to be seen if these narratives can propel the meme coin to hit new highs. Dogecoin Could Rise To $0.083 Soon Crypto analyst Muro Crypto hinted in an X (formerly Twitter) post that another bounce by DOGE…
The next category, which Buterin tags as “high potential, but with high risks,” includes applications where AI acts as an “interface to the game.” In these applications, AI is used to help users “understand the crypto world around them” and ensure their behavior “matches their intentions.” Buterin gives the example of scam-detection features, like the one used in the MetaMask crypto wallet to warn users if they might be interacting with a deceptive application. Such features could be “super-charged” by AI’s enhanced detection and explanatory capabilities. Source
Geoffrey Kendrick of Standard Chartered Bank predicts the SEC’s approval of U.S. Ethereum ETFs by May 23. Starting with initial rejections before granting approval, Standard Chartered foresees parallels for the Ethereum ETF with the SEC’s approach to Bitcoin ETFs. Geoffrey Kendrick, who leads the bank’s forex and digital assets research, believes Ethereum ETFs in the U.S. will get the green light in late May. Kendrick compares this situation to what happened with Bitcoin ETFs and thinks Ethereum’s price (ETH) may reach $4,000 by that date due to hype. Kendrick’s confidence…
It’s possible that the new exchange-traded funds may benefit bitcoin as an asset class, but in the near term, it’s more likely the cryptocurrency rediscovers its high correlations with equities, according to Citi. The launch of spot bitcoin ETFs in the U.S. has been widely anticipated for months, with many investors thinking they could revolutionize investing in the asset the way the SPDR Gold Shares ETF (GLD) did for gold in 2004. Bernstein recently said bitcoin could rocket to $200,000 by the end of next year with bitcoin ETFs. Only time…
GRAND CAYMAN, Cayman Islands, January 30th, 2024, Chainwire In the past four months, Sui TVL has jumped by more than 1000%, vaulting the network past Base, Cardano, and Bitcoin in its meteoric DeFi rise Sui, a leading Layer 1 blockchain that was created by the team that led Meta’s Diem crypto project, continued its blistering DeFi growth, surpassing $430M in Total Value Locked (TVL) and moving into the top 10 blockchains by that metric. Alongside this torrid ascent of TVL, on-chain activity has exploded as well. Weekly DeFi volume is…
The Bitcoin market is currently experiencing a turning point, largely driven by recent trends in Bitcoin exchange-traded funds (ETFs). Yesterday, Bitcoin’s price rose above $43,000, a movement closely tied to changing dynamics in ETF inflows and outflows, particularly involving the Grayscale Bitcoin Trust (GBTC). On January 29, (Bitcoin ETF Day 12), a notable shift occurred. The Bitcoin spot ETFs witnessed a substantial net inflow of US$255 million, while Grayscale’s GBTC experienced a significant net outflow of $191 million. The other nine ETFs, led by Fidelity and BlackRock, saw a combined…
But, really, the joke is on us. After all this time, after so many revivals proving the naysayers wrong, and despite a 13-year track record that makes it the best investment of the post-financial crisis era, that people still think Bitcoin will soon go away represents a massive failure of outreach and communication for this industry. We have not explained what this thing is – not well enough for Joe Six-Pack to understand. Original