Month: January 2024

ARK Bought $62.3M Worth of Own ARK 21Shares Bitcoin ETF (ARKB) in Last Week; Sold $42.7M of ProShares Bitcoin Strategy (BITO)

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Axiom Secures $20 Million in Series A Funding for Blockchain Data Access Innovation

Axiom, a smart contract platform, has successfully secured $20 million in a Series A funding round, according to official blog. The funding round was led by prominent crypto-focused venture firms Paradigm and Standard Crypto, with additional investments from Robot Ventures and Ethereal Ventures. This milestone marks a crucial step in Axiom’s mission to revolutionize the accessibility of authenticated data on blockchain networks. At the core of Axiom’s strategy lies the innovative use of zero-knowledge cryptography. Unlike traditional consensus mechanisms that require all nodes to agree on a state of data,…

Head Fund Guru Predicts ‘Opportunity Of The Year’

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Charles Edwards, the founder of hedge fund Capriole Investments, offered an in-depth analysis of the Bitcoin market yesterday. His review offers a granular perspective on the aftermath of the historic ETF launches, the pivotal role of major players like Grayscale, and the interplay of market mechanics shaping Bitcoin’s trajectory. Bitcoin Market Summary: ETF Launch Edwards acknowledged the ETF launches as a pivotal moment, characterizing it as “ETF Mania.” He emphasized the hindsight realization that the ETF launch triggered a short-term “sell the news event.” Edwards elucidated, “A portion of this…

BNB, Avalanche, and Ordinal fluctuate as Pullix rallies in presale

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The crypto market might rally in 2024. Before then, investors and analysts are exploring Binance Coin (BNB), Avalanche (AVAX), Pullix (PLX), and Ordinals (ORDI). BNB price forecast  BNB is trending higher and firm when writing.  According to CoinMarketCap, BNB rose from a 7-day low of $306.31 to a high of $321.09. The coin is also up 16.3% in the past 30 days.  In the short to medium term, BNB…

Matrixport predicts challenging Q1 for Bitcoin as GBTC investors keep capitalizing

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Singapore-based crypto asset management firm Matrixport says Q1 will be a challenging quarter for Bitcoin, although anticipates a positive outlook by the end of 2024. As Bitcoin (BTC) fell back to the $39,000 area, the largest cryptocurrency by market capitalization is likely to face a challenging quarter ahead, according to a recent report from Matrixport. Matrixport highlighted that institutional interest in a spot Bitcoin exchange-traded fund (ETF) was not as robust as initially anticipated. Additionally, investors in Grayscale‘s Bitcoin Trust are seemingly capitalizing on the price gains of GBTC, contributing…

Over 12 Million SHIB Vaporized

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The Shiba Inu meme coin community is currently abuzz with a palpable sense of excitement, courtesy of two key developments: a surge in token burning and promising advancements in the Shibarium layer-2 solution. While the cryptocurrency market is inherently volatile and unpredictable, these recent developments present a potential trajectory for Shiba Inu’s long-term growth and stability. Shiba Inu’s Burning Surge: Impactful Trends Shiba Inu has ignited a fervent blaze of token burning, sending ripples across the cryptocurrency landscape. In the span of just 24 hours, the token witnessed an astounding…

Analyst Highlights 3 Key Factors Pointing To A Price Boom

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Michael van de Poppe, a prominent crypto analyst, recently outlined three key factors that could herald a bullish phase for Ethereum, the second-largest crypto by market capitalization. One crucial factor he identifies is Bitcoin’s current behavior. The analyst pointed out that as the market leader, Bitcoin’s recent signs of bottoming out tend to precede altcoin rallies, hinting at a potential upswing for Ethereum. Moreover, Van de Poppe highlights the growing anticipation surrounding spot Ethereum exchange-traded funds (ETFs). According to Van de Poppe, the increasing buzz about these spot ETFs is…

XRP Price Takes Hit, Can Buyers Save The Key $0.50 Support?

XRP price is consolidating above the $0.50 support. The price could gain bearish momentum if there is a close below the $0.50 support. XRP is showing bearish signs below the $0.525 and $0.550 resistance levels. The price is now trading below $0.525 and the 100 simple moving average (4 hours). There is a connecting bearish trend line forming with resistance near $0.520 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair start a fresh increase if it clears the $0.520 and $0.525 resistance levels. XRP…

Ethereum Price Could See Technical Correction But Upsides Might Be Limited

Ethereum price is attempting a recovery wave above the $2,200 zone. ETH could start a decent increase if it settles above the $2,240 resistance. Ethereum started an upside correction from the $2,165 zone. The price is trading below $2,250 and the 100-hourly Simple Moving Average. There is a short-term bearish trend line forming with resistance near $2,225 on the hourly chart of ETH/USD (data feed via Kraken). The pair might start a decent increase if it clears the $2,240 resistance zone. Ethereum Price Eyes Recovery Ethereum price managed to form…

Potential Freeze On CBDC Launch In The UK Raises Concerns

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On January 25, the Bank of England (BoE) and HM Treasury published a response to the Consultation Paper regarding a ‘digital pound’ issued in February of 2023.  The consultation paper sought the public’s feedback on introducing a UK central bank digital currency (CDBC). Is The UK Ready To Introduce Their CBDC? The BoE and HM Treasury consider that introducing a CBDC could provide people with an “additional choice of safe payment that is fit for the future,” unlock development opportunities for businesses, and make day-to-day payments more “convenient” while reducing…