Day: February 16, 2024

Siacoin rises 20%, signaling decentralized cloud storage demand

Siacoin (SC) jumped as high as 20% in 24 hours as liquidity rotated around crypto’s $2 trillion market. Siacoin is the native token decentralized cloud storage blockchain Sia, launched in 2015 for users to rent out unused storage. SC’s market cap increased to $733 million as the price rose, and its daily trading volume surged 38% to nearly $200 million per CoinMarketCap. Siacoin price | Source: CoinMarketCap One of crypto’s underlying missions is fixing concerns in traditional and centralized services. Sticking to this ethos, Sia plans to provide trustless access…

Altcoins Like Solana And Ethereum Are About To Explode: Analyst

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A technical indicator shift has sparked predictions of an imminent altcoin surge, with one analyst on X forecasting gains as sharp as those posted in 2017 and 2021. This Technical Indicator Just Shifted To Green Taking to X, the analyst said this optimism follows a change in the Gaussian Channel, a technical indicator used to assess market momentum. On X, the trader notes that the Gaussian Channel has, after weeks, flipped from red to green. Reading from historical performance and indicator changes suggests that there could be a bullish shift for leading…

Coinbase Vaults Beyond 1 Million Bitcoin Mark, Stash Valued Over $52 Billion

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On Friday, Feb. 16, 2024, bitcoin’s value hovered between $51,850 to $52,350, with onchain insights from Arkham Intelligence revealing that the Nasdaq-listed crypto exchange giant, Coinbase, now possesses over 1 million bitcoin. Based on the current market prices, the stash secured by the San Francisco-headquartered firm is valued at just above $52 billion. Coinbase Outshines […] Original

I Am Hip Hop TV Redefines Digital Media Distribution Landscape

PRESS RELEASE. February 16, 2024 – I Am Hip Hop TV, a pioneering startup dedicated to revolutionizing digital media distribution, announces its strategic approach to enhancing brand visibility and driving engagement across major social media platforms. With a focus on inciting meaningful user interaction that translates into increased awareness and sales conversions, the company has […] Source CryptoX Portal

Market Cap Skyrockets By 344%

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Avalanche (AVAX), the blockchain platform known for its scalability and infrastructure, made significant strides in the fourth quarter (Q4) of 2023. According to a report by Messari, AVAX emerged as one of the best-performing tokens, driving the protocol to record notable gains in key metrics. Record-Breaking Milestones For Avalanche  The report shows that AVAX experienced a notable increase in its market cap, which climbed 344% quarter-over-quarter (QoQ) and 326% year-over-year (YoY), reaching $14.4 billion at the end of the year. This large increase propelled AVAX’s market cap rank among all…

Bitcoin (BTC) Price Stall at $52K May Foreshadow Pullback, But It’s a Potential Buying Opportunity

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The largest crypto by market cap rallied 10% in a week, outperforming the broad-market CoinDesk20 Index’s (CD20) 8% advance, extending its relentless rise from $38,500 in late January. The surge was coupled with accelerating inflows into U.S. spot bitcoin exchange-traded funds (ETF), with BlackRock’s IBIT raking in over 28,000 bitcoin this week. Original

What the Warren/Satoshi Flag Moment Means

While there doesn’t appear to be a record online of the flag being flown (or any documented evidence, for that matter), the anonymous prankster did send the certificates Sen. Warren’s office signed to PubKey, a waterhole for Bitcoiners in downtown New York City. Last night, comedian T.J. Miller revealed the documents at the establishment, PubKey’s head of marketing Daniel Modell said in an interview with CoinDesk. Source

Bitcoin Short-Term Holders Just Locked In $647 Million In Profits

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On-chain data from Glassnode shows that the Bitcoin short-term holders have recently participated in a massive $647 million profit-taking event. Bitcoin Short-Term Holders Have Realized Large Net Profits Recently According to data from the on-chain analytics firm Glassnode, the short-term holders have given a strong reaction to the $52,000 break. The “short-term holders” (STHs) here refer to the Bitcoin investors who bought their coins within the past 155 days. Statistically, the longer an investor holds onto their coins, the less likely they become to sell at any point. The STHs…

Coinbase donates $3.6m to Brink for Bitcoin development

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Coinbase is donating $3.6 million to the Bitcoin-focused nonprofit Brink, concluding its GiveCrypto initiative to distribute crypto to impoverished people. The company terminated GiveCrypto in December, citing its failure to achieve a lasting impact. While stating its intention to divide the remaining assets between Brink and the charity platform GiveDirectly, specific allocations were initially undisclosed. Established in 2020, Brink’s mission is to enhance the Bitcoin (BTC) protocol through research, development, and support for the Bitcoin developer community. It offers a fellowship to integrate new software engineers into Bitcoin development and…