Buying on dips remains the dominant tactic in the crypto market, one trader said. Original
Bitcoin Floats Above $43K as 'Buy The Dip' Sentiment Prevails
Day: February 5, 2024
Nibiru Chain Secures $12 Million to Fuel Developer-Focused L1 Blockchain – Blockchain News, Opinion, TV and Jobs
Dallas, Texas, February 5th, 2024, Chainwire Nibiru Chain, a general-purpose layer 1 blockchain, has successfully closed its latest round of funding, securing $12 million to set the stage for an ambitious phase of growth. Venture investments included contributions from Kraken Ventures, ArkStream, NGC Ventures, Master Ventures, Tribe Capital, and Banter Capital. “Nibiru has taken all of the best in class technology and research developed over the past few cycles and packed them into the best new chain we have ever analyzed. They optimize for developers with a built-in dev toolkit,…
Do Kwon Associate, Former Terra CFO Han, Is Extradited to South Korea
Han was “handed over” to South Korean authorities “for the purpose of conducting criminal proceedings for several criminal offenses related to fraud in financial investment services, investments and the capital market, for which a life sentence is threatened prison in South Korea,” according to a Montenegrin police announcement. Source
What Is Sei (SEI) Network?
The Sei (SEI) Network is a Cosmos-based layer-1 blockchain that aims to change the world of digital asset trading, especially in the decentralized exchange (DEX) ecosystem. It was specifically designed for the world of trading, featuring various sectors of the cryptocurrency space spanning GameFi, NFTs, and, most especially, decentralized finance (DeFi). Sei is positioned as the “Decentralized NASDAQ,” as it offers a seamless blend of centralized finance (CeFi) trading experiences with decentralized finance tools. Since its inception, it has established itself as a major player in the cryptocurrency space by…
Bitcoin reaches highest monthly volume since September 2022
In January, analysts recorded a record trading volume in the blockchain of the first cryptocurrency; the figure amounted to $1.21 trillion. The last time trading volume on the Bitcoin network rose above $1 trillion was only in September 2022, according to The Block. At that time, Bitcoin (BTC) was trading at around $20,000. Source: The Block According to CoinMarketCap, the first cryptocurrency is trading at $43,089 at the time of writing. Over the past 24 hours, the asset’s price has strengthened by 0.6%. The highest level over the past 24 hours was…
Bitcoin miner Argo Blockchain shares plunge 8% following production decrease
Argo Blockchain’s shares plunged by 7.5% on Monday after the London-based mining company disclosed a 20% decrease in mined Bitcoin in January. As per the company’s January financial update, Argo Blockchain mined 124 BTC, representing a 20% decline in daily BTC production compared to December 2023. The company attributed the decrease to a “16% reduction in Bitcoin-denominated hash price” and factors such as “weather-related curtailments” in Quebec, Canada, and Texas, USA, where its facilities are located. “The decrease in hashprice in January 2024 was driven by lower transaction fees on…
Crypto Token Unlocks To Cross $700 Million In February 2024, Here Are The Culprits
February is set to be a hot point for crypto assets, with several cryptocurrencies set to release over $800 million worth of assets during the month. According to data from TokenUnlocks, 26 crypto projects are set to carry out token unlocks in February, potentially flooding the crypto market with almost $1 billion worth of crypto assets. Most of this liquidity is set to come from Avalanche (AVAX), with approximately $345 million worth of AVAX set to hit the market in the middle of February. February 2024 Set To See Massive…
Stablecoin Tether’s Increasing Dominance Is Bad for Crypto Markets, JPMorgan Says
Other stablecoins such as USD Coin may benefit from the coming regulatory crackdown and gain market share, the report said. Source
‘Insiders’ Pocket Millions After Ethereum Version of Meme Coin Dogwifhat (WIF)
Over 12 wallets, termed “insiders” by the on-chain analytics tool Lookonchain, purchased 24 million Ethereum WIF tokens for $3,000 in ether. This purchase was in the same block where the deployer opened trading – implying the trader knew precisely when the tokens would be issued and traded, Lookonchain said. Source
South Korean Regulator FSS to Discuss Spot Bitcoin ETF With U.S. SEC: Report
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