Day: February 6, 2024

Bitcoin NFTs ‘Quantum Cats’ Fetching 0.24 BTC ($10K+) on Magic Eden Marketplace

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…

Here’s Why A Bitcoin Bull Run In 2024 Is Inevitable

boss

The expectations of a Bitcoin bull run in the year 2024 continue to drive investment decisions across the space. A number of reasons have been given for the expected bull run, including the approval of Spot Bitcoin ETFs for trading as well as the upcoming BTC halving event. One analyst has echoed the latter, elaborating on why the halving will bring about a bull market. The Bitcoin Halving Event Will Send Market Higher Crypto analyst James van Straten took to X (formerly Twitter) to explain why the Bitcoin halving event…

PEPE Ready To Make A Comeback? On-chain Indicators Have The Answer

The PEPE meme coin has seemingly faded into the shadow as new and exciting meme coins make it to the fore. This can be attributed to the likes of BONK and other Solana ecosystem meme coins that have taken the attention away from the Ethereum ecosystem. However, as excitement around these new meme coins begins to wane, expectations fall back to the leaders of the market, one of which is PEPE, who could be getting ready to make a comeback. What On-Chain Indicators Say About PEPE On-chain indicators are one…

COPA claims visible forgery in Craig Wright’s Bitcoin origin document

boss

On the second day of the Craig Wright v. COPA trial, the plaintiff claimed that Wright had forged the date in his infamous “Nakamoto is the Japanese Adam Smith” document. This document is pivotal to the case, as Wright showed it in a video back in 2019, where he claimed to be Bitcoin’s originator, Satoshi Nakamoto. The date stamp on the document shows that it was from 2008, before the Bitcoin whitepaper was published.  COPA highlighted that the numeral “08” in the document’s date appeared smaller than the “20” and…

IBIT Bitcoin (BTC) ETF Ranks Fifth in All ETF Inflows

The only funds that have topped IBIT’s $3.2 billion of year-to-date inflows are mammoth longstanding index ETFs from iShares and Vanguard that offer exposure to the S&P 500 or the total stock market. In the number one spot with $13 billion in inflows thus far this year is the iShares Core S&P 500 ETF (IVV), which has a whopping $428 billion in assets-under-management (AUM). Number two with $11.1 billion in inflows is the Vanguard 500 Index Fund ETF (VOO), which has nearly $398 billion in AUM. Source

XRP, SOL Among Coins With Red Sentiment, Time To Buy Against Crowd?

boss

Data shows various cryptocurrencies like XRP and Solana are currently witnessing bearish majority sentiment on social media platforms. XRP, SOL, And Other Assets Are Sharing A Red Mentality Currently According to data from the analytics firm Santiment, a notable bearish sentiment has emerged among cryptocurrency traders during the past week. The relevant indicator is the “Weighted Sentiment,” based on two other metrics: the Sentiment Balance and Social Volume. The Sentiment Balance keeps track of the net sentiment present among users on the major social media platforms. The metric calculates this…

Can We All Stop Pretending That Solana Is in Beta?

“Engineers from across the ecosystem are investigating an outage on mainnet-beta,” the Solana team’s incident report read. While it is true that Solana has never officially announced that it was leaving the beta testing phase, a period meant to help identify bugs and evaluate performance in real-world conditions, at this point the phrase seems increasingly like a cop out. Solana is a fully functional blockchain with a large and committed user base. It is the fifth-largest “DeFi chain” by total value locked, representing about $1.7 billion in capital committed to…

Bitcoin (BTC) Price Under Pressure as Miners Increase Crypto Selling Ahead of Bitcoin Halving

boss

The increased selling happens as the next Bitcoin halving, a quadrennial event when the reward to miners for securing the Bitcoin blockchain is cut by half, is due in April. The halving will have an immense impact on miners’ profitability, potentially pushing smaller, less efficient operations out of business or being forced to merge with larger companies to survive, the report explained. Original