Day: February 16, 2024

Aptos Market Cap Skyrockets, $574 Million Worth Of APT Tokens Set To Shake The Market In Q1 2024

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Aptos (APT), a Layer-1 blockchain network, has shown significant growth in key metrics during the fourth quarter (Q4) of 2023, following the overall recovery of the crypto market. Furthermore, according to a recent report by Messari, Aptos experienced notable advancements in various aspects of its ecosystem. Inflation And Genesis Supply Unlocking The circulating market cap of APT witnessed a remarkable 126% quarter-on-quarter (QoQ) increase, reaching $2.9 billion. This growth surpassed that of similar market cap projects, leading to an improvement in APT’s market cap rank from 35 to 33 (currently…

Decentralized Exchange Uniswap To Upgrade to Newer Version After Ethereum’s Dencun Update

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A decentralized crypto exchange plans to upgrade to a new version after Ethereum’s (ETH) Dencun update rolls out in March. In a new announcement, the Uniswap Foundation, the team behind digital asset exchange Uniswap (UNI), says that the protocol’s fourth version is slated to launch sometime during Q3 of 2024., according to a shared launch roadmap. “Phase 1: Code freeze (in progress), Core code completion, testing, gas optimizations, security enhancements, and finalizing the periphery. Phase 2: Auditing and testnet comprehensive auditing by multiple audit firms and a community audit contest.…

Cardano (ADA) To Break $8 In Bull Run: Analyst Predicts Timeline

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An analyst has explained that if history repeats for Cardano (ADA), its price could break $8. Here’s when this might happen for the asset. Cardano Has Been Mirroring Past Price Pattern Recently In a new post on X, analyst Ali has discussed a potential breakout happening in the weekly price of Cardano. ADA has appeared to have surged above a long parallel consolidation channel in this latest breakout. Below is the chart shared by the analyst that shows this recent pattern in the price of cryptocurrency. The pattern that the…

New Study Unveils the Total Cost to Attack Bitcoin and Ethereum

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A newly published Social Science Research Network (SSRN) paper by Lucas Nuzzi, Kyle Waters, and Matias Andrade introduces a novel approach to calculating the Total Cost to Attack (TCA) Bitcoin and Ethereum. The comprehensive analysis sheds light on the economic barriers to 51% attacks, challenging previous assumptions about blockchain vulnerability. Unveiling the Cost of Compromise: […] Original

Bitcoin ETFs see net inflows for a second straight week, reaching $4.7b

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Bitcoin ETFs experienced a total net inflow of $477 million on Feb. 15th, continuing a trend of positive net inflows for the 15th consecutive trading day. According to data from SoSoValue, the Grayscale ETF, GBTC, diverged from this trend with a net outflow of $174 million for the day. In contrast, BlackRock’s Bitcoin spot ETF, IBIT, led the market with a daily net inflow of $330 million, bringing its total historical net inflow to $5.17 billion. The surge in investor confidence was particularly evident on Feb. 13th, which recorded the…

Deestream presale lures Solana and Cardano investors amid market surge

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. After a tough year, the crypto market surges, spotlighting DeeStream’s (DST) promising presale. 2022 was not the best year for crypto token holders. Not only did a harsh crypto winter set in, but some big crypto exchanges like FTX filed for bankruptcy, causing people to lose their money. Even bigger than that was the crypto market losing more than $1 trillion dollars, as reported by The New York Times. …

Investment Firm Forced To Sell XRP Worth $2.5M: Here’s Why

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In an unprecedented case that underscores the complex regulatory environment in the European Union, Jupiter Asset Management was compelled to divest its XRP Exchange Traded Product (ETP) investment valued at approximately $2.5 million. This decision underscores the complexities and regulatory discrepancies within the European Union concerning cryptocurrency investments. The Forced XRP ETP Sale The incident, which was initially reported by the Financial Times, involved Jupiter’s Ireland-domiciled Gold & Silver fund. The fund had invested $2,571,504 in 21Shares’ Ripple XRP ETP during the first half of 2023, a move that was…

Bitcoin Mining Firms Terawulf and Cleanspark Ramp up Hashrates, Boost Financial Footing

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This week witnessed significant expansions in the bitcoin mining sector, with two leading firms unveiling substantial increases in their operational hashrate. Terawulf disclosed that its self-mining business has escalated to 7.6 exahash per second (EH/s) this month. Concurrently, Cleanspark announced an enhancement in its fleet-wide operating hashrate, surpassing 14 EH/s. Terawulf Hashrate Reaches 7.6 EH/s […] Original

VeChain Rules Top 100 Crypto List With 67% Rally

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VeChain (VET), a blockchain platform focused on supply chain management and enterprise solutions, is experiencing a surge in price and trading volume, fueled by bullish predictions and anticipation of a major announcement related to environmental sustainability. Over the past 24 hours, VET has jumped an impressive 12%, currently trading at $0.047. This follows a remarkable week where the altcoin gained a solid 67%, defying the recent lull in the broader cryptocurrency market. Notably, trading volume has skyrocketed by a staggering 155%, reaching over $135 million within the same period. VET…

Blockchain-Based Loyalty Rewards Foster Brand-Customer Connection, Accelerate Web3 Adoption — Gennady Volchek

Universal loyalty programs can serve as potent tools, not only forging a direct link between a brand and its consumers but also influencing the latter’s shopping behaviour, Gennady Volchek, the CEO of the loyalty rewards app Shping, has said. However, by harnessing the power of blockchain and cryptocurrency, these loyalty programs empower brands to connect […] Source CryptoX Portal