Day: February 12, 2024

Grayscale: ‘Next Bitcoin Halving Is Different’

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In Grayscale’s latest report, “2024 Halving: This Time It’s Actually Different,” Michael Zhao, provides an in-depth analysis of the evolving dynamics within the Bitcoin ecosystem as the next halving event approaches in mid-April 2024. The report argues for a significant departure from previous cycles, underlined by the advent of spot Bitcoin ETFs in the United States, evolving investment flows, and innovative use cases emerging within the Bitcoin network. The Essence Of Bitcoin Halvings Halvings, designed to halve the reward for mining Bitcoin transactions every four years, are pivotal in maintaining…

Franklin Templeton enters competition to introduce spot Ether ETF

Franklin Templeton has recently filed for a spot ether ETF, joining the competitive landscape of companies aiming to bridge traditional finance with digital assets. According to their filing, the proposed ETF aims to provide investors with a convenient alternative to directly acquiring, holding, and trading Ethereum. This move comes after the Securities and Exchange Commission (SEC) approved issuers for Bitcoin ETFs earlier in January, with Franklin being among the nearly a dozen firms to launch such a product. The firm expressed interest in staking the ether held by the fund,…

Ethereum Co-Founder Vitalik Buterin on Tackling Deepfake AI Risks: ‘Ask Security Questions’

Vitalik Buterin, a co-founder of the cryptocurrency project Ethereum, has raised an alert on using deepfakes, videos created using artificial intelligence (AI) to try to impersonate human beings, to persuade others about making financial transactions. For Buterin, the issue is not only cryptographical and can be tackled using security questions with friends and colleagues. Ethereum […] Source CryptoX Portal

As Tokenization Takes off, Look to DAOs

Decentralized autonomous organizations (DAOs), digital entities which transcend geographical borders and are governed by code in place of legal contracts, are uniquely familiar with many of this challenges, given the large pools of assets they have amassed in their treasuries, which are typically managed on-chain. Source

Analyst Says Bitcoin Won’t Fall Below $100,000 In Next Crypto Winter

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One analyst is confident that Bitcoin (BTC) will be more resilient than ever in future crashes. Taking to X, the analyst said that the world’s most valuable coin will not fall below $100,000 in the next crypto winter. Bitcoin Will Be More Resilient In The Future This optimistic outlook hinges on a key factor: the recent approval of spot Bitcoin exchange-traded funds (ETFs) by the United States Securities and Exchange Commission (SEC). This product, the analyst said, represents a significant shift, introducing a “permanent institutional bid” for Bitcoin. With Wall Street…

TradFi Asset Manager Franklin Templeton Joins Ethereum ETF Race

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BEAM and KAS Rise This Week Snagging Double-Digit Gains; XMR, FXS, and RON Face Sharp Declines

In the past week, bitcoin has risen over 10% and ethereum has seen a growth of more than 7%. Meanwhile, several cryptocurrency assets have posted significant double-digit increases. Notably, beam (BEAM) experienced a surge of over 49%, and kaspa (KAS) enjoyed a 37% uptick in its value within the same timeframe. 7-Day Crypto Gainers and […] Source CryptoX Portal

Bitcoin ETF purchases exceed daily production by 12.5 times

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Wall Street is acquiring Bitcoin at a rate 12.5 times greater than its daily production, moving towards a new all-time high, according to Anthony Pompliano. Anthony Pompliano recently emphasized on CNBC’s Squawk Box the significant interest Wall Street has in Bitcoin (BTC), stating, “Wall Street LOVES bitcoin. They are buying up 12.5x more bitcoin per day than the network can produce.” Pompliano’s comments highlight the strong institutional demand for Bitcoin, particularly as the cryptocurrency approaches its halving in mid-April, when the rate at which new Bitcoins are created will be…

Did President Biden Just Endorse Bitcoin?

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To quickly unpack it: Swift, who campaigned for Biden in 2020, recently started dating Kansas City Chiefs’ tight end Travis Kelce, who, during the coronavirus pandemic, did public outreach trying to convince his fans to get the COVID-19 vaccine. This apparently puts them both in the pocket of Big Blue. Original

Market Capitalization Drops By 29% In 24 Hours

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Surprisingly, the newly introduced Ethereum (ETH) token standard, ERC-404, made an impressive debut in the crypto market, outperforming many other digital assets.  However, as Bitcoin (BTC), the dominant cryptocurrency, began to rally, investors swiftly shifted their focus to the king of crypto. Consequently, this shift led to notable price drops and market capitalization declines across the ERC-404 ecosystem and its associated tokens. From Skyrocketing Surges To Sharp Corrections According to data from CoinGecko, the ERC-404 sector has experienced a significant decline, with an overall market capitalization drop of 29% in…