Ether (ETH), the second-largest cryptocurrency by market value, could rise nearly 70% from current levels and hit $4,000 by May as applications for spot-based exchange-traded funds (ETF) will likely win regulatory approval in the U.S., Standard Chartered Bank said in a report on Tuesday. Source
Even taking into account slowing but still sizable net outflows at the Grayscale Bitcoin Trust (GBTC), the ETF issuers as a whole added more than 4,200 bitcoin to their holdings worth roughly $183 million yesterday. Last week, daily flows were continuously negative on a daily basis, with roughly 20,000 bitcoin leaving the funds from Jan. 23 to Jan 26. The last previous net inflow day was Jan. 22, when the spot funds as a group added just over 1,200 bitcoin. Original
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. X Mining, a Bitcoin mining infrastructure designed to democratize the process of Bitcoin mining, is launching early access to Bitcoin mining profits. The X Mining stake-to-mine The Bitcoin mining space is full of expensive mining rigs and a lot of technical knowledge that is expensive, complex, and energy intensive. These are the problems the X Mining project is designed to solve using a “stake-to-mine” model that makes mining on…
Skybridge Capital CEO Anthony Scaramucci recently predicted that Bitcoin will hit $170,000. Shedding more light on this prediction, Scaramucci stated when this will happen and why he believes this price level is very attainable. When Bitcoin’s Price Will Hit $170,000 In an interview with Scott Melker, Scaramucci stated that Bitcoin’s price will hit $170,000 after the Bitcoin Halving. Specifically, he hinted that the crypto token was going to rise to this price level 18 months after the Halving event. The Skybridge Capital CEO further explained what he was basing his…
This month’s removal of the investment limit for retail investors in digital tokens backed by real estate or infrastructure marks a significant shift. Previous rules had limited retail investors to 300,000 baht (approximately $8,400) per offering in asset-backed ICOs. Source
German authorities have confiscated approximately 50,000 Bitcoins, valued at around $2.1 billion. The action is part of an extensive investigation targeting an online file-sharing service deemed illegal by the authorities. It represents the most substantial quantity of Bitcoin ever secured by German law enforcement. The operation was collaborative, involving the Saxony state prosecutors, Germany’s Federal Criminal Police Office, and the U.S. Federal Bureau of Investigation. The investigation has focused on two individuals believed to have amassed this vast amount of Bitcoin (BTC) through profits generated by a German-based file-sharing website,…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana is in an uptrend, rising above $100 for the first time in more than a week. However, it still trails Bitcoin Minetrix whose presale is approaching $10 million. Solana rallying Solana has outpaced other top 10 players when writing, adding 7.08%. It is also up 28% this week. Solana is the fifth largest cryptocurrency, with a $45 billion market cap and a $2.9 billion 24-hour trading volume. Its…
The analytics firm Santiment has explained that the current Bitcoin rally could still have some legs left, based on this on-chain trend. Bitcoin & Ethereum Leave Exchanges, While Tether Sees Deposits In a new post on X, Santiment has discussed the recent trends in the Supply on Exchanges for the three largest assets in the cryptocurrency sector: Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). The “Supply on Exchanges” here refers to a metric that keeps track of the percentage of the total circulating supply of any given coin that’s currently…
“We tried to build a custom, unique minting experience that solves issues like fee/gas wars, mempool sniping, etc, and gives everyone an instant guaranteed mint,” Wertheimer added. “It was new and innovative, but needless to say, it did not work out as well as we expected.” Original
There were also, as Consensys’ Bill Hughes pointed out, a number of comments that appeared to be written by a bot. A lot of these comments said they were written “to express [their] concerns” and say parts should be reconsidered. These parts deal with the reusing of bitcoin addresses, mixers, bitcoin programmability, bitcoin’s use in terror financing and saying crypto users might use less safe offshore platforms. Source