Day: February 5, 2024

Chainlink likely to soar past $20, Bitcoin Minetrix posts gains

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A crypto analyst believes Chainlink (LINK) will likely rise to $20, pointing to heightened trading activity. Meanwhile, Bitcoin Minetrix (BTCMTX) is on a bullish path. It has raised over $10.2 million in ongoing presale. Chainlink on-chain activity points to bulls A crypto analyst expects LINK to breach $20, citing high on-chain activity. So far, there are over 5,330 addresses collectively holding over $8.59 million of LINK. To audit, the…

Crypto Exchange Launched By Three Arrows Capital Founders Abruptly Shuts Down

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The crypto exchange created by the founders of the now-defunct hedge fund Three Arrows Capital (3AC) is closing down just a year after its launch. In an email shared by users on the social media platform X, Open Exchange (OPNX) says it will officially cease operations and shut down in February. OPNX says users should settle their positions before February 7th as well as download their historical data and withdraw their funds by February 14th. The platform says open positions will be automatically settled after February 7th and the withdrawal…

Crypto assets saw $708m inflows last week; Bitcoin and Solana lead

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Crypto-linked investment products experienced the second-largest inflow of 2024 last week, amounting to $708 million, nearly 99% of which came from Bitcoin.  The U.S. market recorded $721 million in inflows, with the fresh ETFs alone gathering $1.7 billion. According to CoinShares research, spot Bitcoin ETFs have consistently attracted an average of $1.9 billion in capital over the past month, culminating in a total of $7.7 billion since their approval.  Bitcoin ETFs have maintained an average inflow of $1.9 billion over the last four weeks, reaching a cumulative $7.7 billion since…

Bitcoin Price (BTC) Will Hit $70K By End of Year: 10X Research

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“While the Fed has pushed out the first rate cut to (possibly in) May or June, inflation is coming in lower, and growth is holding up,” said Thielen in his Friday report. He also took note of the U.S. presidential election cycles which coincide with the Bitcoin halving years as historically being bullish for prices. Specifically, bitcoin gained 152% in 2012, 121% in 2016 and 302% in 2020, or an average of 192%. Original

Global Crypto Assets Record $708 Million in Weekly Inflows

CoinspeakerGlobal Crypto Assets Record $708 Million in Weekly Inflows Global crypto assets posted $708 million in inflows last week, marking the first net positive inflows in the past three weeks, according to Coinshares’ weekly fund flow report. The inflows saw the total assets under management increase to $53 billion. Since the introduction of US spot BTC ETFs, the total inflows from the ETFs hit $7.7 billion. Total outflows from other issuers shot to $6 billion, but the momentum has reduced significantly. GBTC was responsible for most of the outflows, totaling…

Chainlink 30% Rally Makes It The Hot Investment Trend

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In a notable shift away from Bitcoin, altcoins have garnered the attention of investors, leading to a slight increase in market caps, despite an overall decrease in trading volumes. Among the altcoins, Chainlink (LINK) has emerged as a standout performer, displaying impressive resilience and attracting substantial holders and institutions. Chainlink Surges, Whales Accumulate Amid Market Shift Chainlink, known as the leading Oracle network in the blockchain space, has not only outpaced the broader market but has also demonstrated impressive individual performance. Over the last 24 hours, LINK has experienced a…

Google sees spot Bitcoin ETF ad campaigns as ICOs remain banned

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Multiple Bitcoin (BTC) ETF issuers are competing to attract investors into America’s first basket of exchange-traded funds using Google ads. On Jan. 29, Google ended its five-year ban on cryptocurrency promotion via search results following the approval of spot BTC ETFs by the U.S. Securities and Exchange Commission (SEC). BlackRock and VanEck were the first firms to leverage this amended ad policy as crypto.news reported, but more issuers have joined the fray.  Promoting initial coin offerings (ICOs) on Google remains prohibited, but a pivot from the search engine’s ad policy…

Trade To Earn – Blockchain News, Opinion, TV and Jobs

London, United Kingdom, February 5th, 2024, Chainwire Reunit Wallet, an omnichain wallet built on technology developed by LayerZero & Stargate Finance, is launching a volume-based reward program. Remote Blockchain Education – Blockchain Partners In an effort to stimulate trading activity on its integrated platform and attract new users, Reunit Wallet is implementing a reward system for traders. Starting now, for every $100 in generated volume, users will receive 1 REUNI. Additionally, if a referral code is used, a 25% bonus will be applied. Users who share their referral code will…

Bitcoin Price Will Skyrocket To $280,000 Next Year: Hedge Fund

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Renowned crypto asset hedge fund manager Charles Edwards has made a bold prediction regarding the future price of Bitcoin. Edwards, founder of Capriole Investments, shared his insights via X (formerly Twitter), outlining a compelling case for Bitcoin’s potential to reach $280,000 in the coming year. In his statement, Edwards referenced historical data and several key factors that could drive Bitcoin’s price to new heights. He began by comparing Bitcoin’s performance after the 2020 halving event, stating, “If Bitcoin’s post halving returns are the same as 2020, we are looking at…

Bitcoin ETFs See $700M Net Inflows as IBIT, FBTC Gains Offset GBTC Outflows

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