Day: February 19, 2024

Coinbase Commerce Ditches Support for Bitcoin Payments Using Self-Custody Wallets

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Coinbase Commerce, the cryptocurrency payments solution of U.S.-based exchange Coinbase, has removed support for bitcoin payments using self-custody wallets. Brian Armstrong, CEO of the exchange, clarified it maintains support for payments from UTXO-based chains from Coinbase accounts. However, Commerce will focus on supporting ERC-20 tokens on layer 2 protocols, like Base and Polygon. Coinbase Commerce […] Original

Finance Expert Predicts Bitcoin Will Touch $100,000 Soon, Here’s When

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Renowned finance author Robert Kiyosaki has once again made a bullish price prediction for the flagship cryptocurrency, Bitcoin. This time, he predicts that Bitcoin will hit $100,000 and mentions when exactly this will happen.  When Bitcoin Will Hit $100,000 Kiyosaki mentioned in an X (formerly Twitter) post that Bitcoin will hit $100,000 by June 2024. However, he didn’t mention what will propel this massive price surge. The finance expert is known to be a huge advocate of the foremost crypto token and, at different times, given his opinion on its…

Asia’s family offices increase focus on digital assets amid growing market interest

Family offices in Asia are increasingly focusing on digital assets, with many planning to increase their investments in this sector. According to a Feb. 19 article from Nikkei Asia, Zann Kwan, the managing partner and chief investment officer at Revo Digital Family Office, has highlighted a growing trend among family offices in crypto. The changing strategy aims to diversify portfolios and potentially improve returns, covering both direct and indirect investments in cryptocurrencies, crypto funds, structured products, and direct private equity investments. The article added that despite digital assets constituting less…

Hedera (HBAR) Soars 50% To Mark New 20-Month High, Fuels Bullish Price Targets

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Hedera (HBAR), a decentralized public network known for its near real-time consensus and developer-friendly environment, has emerged as one of the top-performing altcoins in the cryptocurrency market.  As the overall market experiences a resurgence of bullish sentiment, HBAR has demonstrated impressive growth, positioning itself as one of the leaders among the top 100 cryptocurrencies by market capitalization. Trading Volume For HBAR Spikes 200% Over the past fourteen days, HBAR has recorded substantial gains, surging by nearly 50%. This upward momentum extends to the thirty-day and year-to-date time frames, with gains…

Bitcoin, Ethereum lead crypto in $145m liquidation day

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Bitcoin and Ethereum led cryptocurrencies in liquidations as over 54,000 traders saw leveraged positions wiped out, and the total market cap neared $2.1 trillion.  CoinGlass reported that over $145 million was liquidated from the crypto market in 24 hours across exchanges. As most traders anticipated lower prices, $91 million of these trades were registered as short positions.  However, the total cryptocurrency market cap rose 1.2% per CoinGecko and liquidated the downside bets. A $4 million Bitcoin (BTC) position in a USDT pairing made the single largest liquidation order. The trade…

Crypto Funds See Record $2.45 Billion Global Inflows in a Single Week: Coinshares

In an unprecedented surge, crypto funds around the globe registered record inflows totaling $2.45 billion last week, marking a significant uptick in investor interest. This influx has propelled the total assets under management (AUM) back to levels not seen since December 2021, signaling a strong resurgence in the crypto investment space. Record $2.45 Billion Inflows […] Source CryptoX Portal

Where Coinbase Canada Goes, so Does the World

To that end, Coinbase recently joined the Canadian Web3 Council, a multi-party non-profit organization that’s looking to loosen up recent legislative and regulatory initiatives in Canada that are currently driving crypto companies out of the country. In recent months, for instance, a number of exchanges have decided to pull out of Canada, including Binance, Bybit, dYdX, OKX, Paxos and Bittrex (the last of which has since declared bankruptcy), in direct response to “recent regulatory developments.” Source

Analyst Bullish On SOL, Time To Buy?

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Recently, renowned crypto analyst Altcoin Sherpa gave his positive outlook on Solana (SOL) in an X (former Twitter) post. The analyst reviewed the token’s recent behavior and shared his predictions for SOL’s performance. Wait For The 20% Dip Or Buy Now? In the X post, the pseudonym analyst suggested that the fifth cryptocurrency by market capitalization may see a bright 2024, surpassing the heights reached at the end of last year. The chart displays SOL’s recent behavior, starting in late December 2023 when the cryptocurrency reached its highest price since…

Gaming Altcoin Built on Ronin (RON) Explodes After Going Live on Crypto Exchange Binance

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A Web3 gaming altcoin built on the Ronin (RON) blockchain is soaring after securing a listing on top crypto exchange Binance. Pixels (PIXEL), an open-ended game focused on farming and exploration, shot up Monday from a low of $0.4711 to a high of $0.6887, a more than 46% increase. At time of writing, PIXEL has retraced slightly to $0.5916, and is sitting at a market cap of $441 million. Pixels’ big move comes as Binance announced Monday the token was available on its platform for a number of different trading…

Crypto Analyst Reveals Why Shiba Inu Price Will Not Reach $1

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Despite witnessing recent price increases and moving forward with ongoing developmental projects in its ecosystem, cryptocurrency analyst Zack Humphries has declared that SHIB, the native token of the Shiba Inu ecosystem, will not “reach $1 anytime soon.”  Why Shiba Inu Will Not Hit $1 In a recent YouTube video, Humphries provided a compelling reason for why he believes that the price of SHIB will not reach the $1 milestone in the near future. The crypto analyst’s controversial statement is rooted in the belief that SHIB hitting $1, would position it…