Day: February 13, 2024

Crypto Has an Unrealized Opportunity in Asia

Take just decentralized finance (DeFi) in Asia as an example, where it accounted for 55.8% of transaction volume in CSAO from July 2022 through June 2022 as compared to 35.3% the previous year, more than a 20% jump. CSAO also “dominates when looking at purchasing power. Six out of the 10 top countries are located in the Asian-Pacific region, including India, Vietnam, the Philippines, Indonesia, Pakistan and Thailand. Source

Extreme Greed Is Back For Bitcoin, Is It Time To Sell?

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Data shows extreme greed sentiment has made a return among the Bitcoin investors after the cryptocurrency’s price has broken above $50,000. Bitcoin Fear & Greed Index Now Points Towards “Extreme Greed” The “Fear & Greed Index” refers to an indicator that tells us about the general sentiment among Bitcoin traders and broader cryptocurrency sectors. The metric represents this sentiment using a numerical scale from zero to hundred. According to Alternative, its creator, the index calculates this score using five factors: volatility, trading volume, social media sentiment, market cap dominance, and…

As the Blockchain Industry Loses Billions Annually to MEV, the Solution Is Staring Us in the Face — Neo Founder Da Hongfei

Imagine the scene: You’re sitting at the card table, and every hand you’re dealt is terrible. But the cards never get better; the dealer has full sight of the deck and sets the order of the cards before they’re played. The dealer always wins. The following opinion editorial was written by Da Hongfei, a prominent […] Source CryptoX Portal

Bitcoin zooms past $50K, records new February high

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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. Bitcoin is up 16% this week, breaking above $50K for the first time since December 2021. From spot rates, a 27% increase would catapult it to its all-time high. With that in mind, onlookers want to know its potential in February. BTC has no resistance The recent Bitcoin breakout was unexpected, with analysts anticipating a pre-halving ceiling of $48K. However, the recent Bitcoin pump reached highs of $50.2K and…

Franklin Templeton Enters The Fray As ETH Rallies

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Wall Street titan and Asset manager Franklin Templeton has applied for an Ethereum Spot Exchange-Traded Funds (ETF) after a struggle to gain approval for their Bitcoin Spot ETF in early January. Asset Manager Files For Spot Ethereum ETF Asset managers have gravitated toward the Ethereum spot ETF since the United States Securities and Exchange Commission (SEC) approved the Spot Bitcoin ETF. Franklin Templeton is the latest manager to apply with the SEC to get approval for this financial product.  The asset manager’s move came after successfully introducing the BTC spot…

Ripple to Buy New York Crypto Trust Company to Expand U.S. Options

Ripple is known in the U.S. for going toe-to-toe with the SEC in federal court over the regulator’s accusations that XRP was a security. Though one judge has largely ruled on Ripples’ side, the case will continue to be fought in higher courts. Long said the company’s hesitation about the U.S. isn’t as much about that specific clash as it’s about the regulatory uncertainty over digital assets. Source

Bitcoin Braces for Record Difficulty Surge Ahead of Retarget as Miners Push Network to New Heights

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Scheduled for Feb. 15, 2024, the upcoming Bitcoin difficulty retarget is poised to mark a notable upswing in the network. Current projections forecast an estimated difficulty surge ranging from 8.45% to 9.2%, setting the record for the steepest increase of 2024 thus far. Bitcoin Difficulty Poised for a Steep Increase This week, bitcoin (BTC) mining […] Original