Month: January 2024

Bitcoin Price (BTC) Sinks as Grayscale (GBTC) Preps Sale of 9K More Tokens

boss

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…

Institutional Inflows Into XRP Surges 244% Amid ETF Speculation

XRP has reacted positively since the launch of spot Bitcoin ETFs in the US, both in its price and general market sentiment. At the same time, recent data from CoinShares on the weekly inflow into digital asset funds reveal that the positive sentiment flowed into XRP-based investment products, with institutional investors increasing interest amid speculations of whether a spot XRP ETF might soon hit the market. As a result, weekly net inflows into XRP jumped 244% last week, registering a total of $2.2 million.   Institutional Investors Look To XRP Amid…

from dizzying heights to cautionary tales

Explore the tumultuous journey of cryptocurrencies from 2022’s crashes to 2023’s cautious optimism amidst market volatility and regulatory shifts. Since their inception, crypto assets have been commanding headlines, with their volatile nature painting a breathtaking, yet sometimes terrifying, picture for investors worldwide.  However, beneath this market’s faсade of extreme ups and downs lies an intricate tapestry woven by factors far beyond just numbers on a screen. Are they simply victims of their inherent boom-and-bust cycles, or do they bear the brunt of regulatory overreach?  Crypto market cap in 2022-2023 |…

XRP Investors Become Fearful: Time To Buy?

boss

Data shows the sentiment around XRP has taken a plunge following the failed attempt at a Bitfinex attack using the “partial payments exploit.” XRP Weighted Sentiment Has Plunged To Negative Levels Recently As explained by the on-chain analytics firm Santiment in a new post on X, the sentiment around XRP has turned negative. The indicator of interest here is the “Weighted Sentiment,” which itself is based on two other metrics: the “Sentiment Balance” and “Social Volume.” The former of these basically keeps track of the sentiment currently present among social…

MeWe and Amplica Labs Achieve Historic 500K User Migration to Web3

The 500,000 migrated MeWe users now have personal control over their identities, data, assets, and online experiences. MeWe, a social media platform, has partnered with Amplica Labs to move 500,000 active users to Web3 technologies. This transition uses Amplica’s Frequency blockchain, which gives users more control and independence over their social networking experiences through blockchain features. MeWe is an alternative to ad-driven networks that focus on people and communities. By working with Amplica Labs on decentralized solutions, the social network wants to expand user rights and permissions, freeing them from…

Bitwise CIO Equates Bitcoin ETF Impact To 1.4 Halvings

boss

Following last week’s launch of 11 spot Bitcoin exchange Traded-Funds (ETFs) in the United States, Matt Hougan, Chief Investment Officer (CIO) at Bitwise, has offered a compelling perspective on the potential impact of these ETFs on the Bitcoin market. His remarks come at a critical juncture, with the next Bitcoin halving event anticipated in mid-April 2024. Spot ETFs Could Have Impact Like 1.4 Bitcoin Halvings Hougan draws a parallel between the impact of Bitcoin ETFs and the Bitcoin halving events. He states, “Crypto natives have a good mental model for…

Manta Pacific Overtakes Base as 4th Largest Ethereum L2

In a move that solidifies Manta Pacific’s dominance in the industry, Binance recently introduced MANTA as its 44th project on the Launchpool.  In a recent development, Manta Pacific, the native layer 2 of Manta Network, has emerged as the fourth-largest scaling solution, surpassing Coinbase’s Base, according to data from L2Beat. Manta Pacific’s Rise to Prominence The Total Value Locked (TVL) on Manta Pacific currently stands at an impressive $850 million, leaving Base behind at $756 million. This shift in rankings highlights the growing prominence of Manta Pacific in the Decentralized…