Sending bitcoin onchain remains a poor payment experience despite the hype surrounding the leading crypto asset, according to Taproot Wizards founder Udi Wertheimer. In a recent post-mortem of a high-volume sale using bitcoin, Wertheimer detailed several pain points with onchain payments including long confirmation times, lack of payment amount enforcement, high fees, and insufficient Lightning […] Original
Day: February 19, 2024
Bitcoin drives record $2.4b weekly digital asset investment inflows
Bitcoin was a pacesetter as the U.S. dominated inflows to crypto-based products between Feb. 12 and Feb. 16, with 2024 YTD numbers hitting $5.2 billion. Digital asset investment vehicles took in $2.4 billion weekly, setting a record for weekly flows and returning assets under management (AUM) to levels last seen in December 2021 at the peak of crypto’s previous bull cycle. Total AUM rose to a 780-day high at $67 billion. CoinShares data showed that Bitcoin (BTC) and the U.S. accounted for about 99% of the week’s inflows, signaling demand…
Fetch.AI (FET) Prints Strong Bullish Signal, Targets 500% Spike
In a new technical analysis, renowned crypto analyst Gert van Lagen forecasts a 500% surge in the value of Fetch.AI (FET), with a price target of $5.5. This bold prediction comes as the AI-centric cryptocurrency coin, FET, records a 12% increase over the past 24 hours and an impressive 45% gain over the last week. Currently trading with a momentum that correlates with the buzz around AI technology giant Nvidia, Fetch.AI is riding the wave of heightened interest as Nvidia approaches its Q4 2023 earnings release on February 21. Nvidia’s…
Craig Wright Witness Defends Saying Headed for ‘Train Wreck’ as COPA Trial Enters Third Week
Before Matthews took the stand on Monday, David Bridges, CIO of Qudos Bank, who met Wright in 2006, and Wright’s cousin Max Lynam participated by video link. Both admitted that key events or conversations that convinced them Wright was Satoshi took place years ago and without material proof to back them up. Source
Solana and SEI surge as Rebel Satoshi gears up for DEX debut
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana and SEI surge on whale moves, while Rebel Satoshi gains investor focus. Rebel Satoshi has recently emerged as the top ICO, showcasing a remarkable 124% price surge during its presale. Meanwhile, Solana and Sei have experienced uptrends amid the overall market’s positive sentiments. Let’s delve into the current RBLZ, SOL, and SEI landscape to identify the best coin to invest in. Solana price prediction: top experts foresee uptrend…
Binance to shut down multiple leveraged token listings
Binance has announced the discontinuation of support for certain leveraged tokens associated with Bitcoin, Ether, and BNB, effective Apr. 3. Unveiled on Feb. 19, the decision specifically targets leveraged tokens BTCUP, BTCDOWN, ETHUP, ETHDOWN, BNBUP, and BNBDOWN, all paired with Tether. The exchange will halt trading and subscription services for these leveraged token pairs on Feb. 28 at 06:00 UTC, as stated by Binance. All trade orders for the leveraged tokens that they mentioned will be ‘automatically removed’ on the set date, indicating a firm deadline for users to adjust…
Analyst Identifies Trend As Catalyst To $60,000
As the entire cryptocurrency market is currently experiencing a notable upward trajectory, several market analysts are anticipating more gains for Bitcoin, the leading cryptocurrency asset, as they predict the token’s price to go even higher. Historical Trend That Will Send Bitcoin To $60,000 Crypto Jelle, a cryptocurrency analyst and investor, has expressed his optimism toward Bitcoin’s price action. Jelle recently shared a positive prediction for BTC in the near future on the social media platform X (formerly Twitter). The expert’s projections delve into the present price movement of Bitcoin and…
FTX Creditors Hit Crypto Exchange’s Legal Counsel With Lawsuit Over Fraud and Civil Conspiracy Allegations
Creditors of bankrupt crypto exchange FTX have filed a class-action lawsuit against a global law firm providing legal counsel to the former digital asset empire. In a new court filing submitted on February 16th, FTX creditors allege Sullivan and Cromwell (S&C) engaged in civil conspiracy, aiding and abetting fraud, aiding and abetting fiduciary breach and violation of federal laws against racketeering. The New York City-based law firm is overseeing the FTX bankruptcy proceedings and assisted the exchange in several deals, including the acquisition of the crypto derivatives platform LedgerX. The…
Meta-DAO Tries Robin Hanson’s ‘Futarchy’ in Crypto Governance Experiment
If, at first, the participants of Meta-DAO’s Discord server were open to partnering with a massive crypto trading fund, their open arms crossed as META’s spot price soared. By late Sunday night, the “fail” market was showing strength. Why should Pantera, or anyone, for that matter, get a bargain deal? Source
Cryptocurrency Exchange Fixedfloat Hacked, Close to $26 Million Lost in BTC and ETH
Fixedfloat, an automatic cryptocurrency exchange, has been hacked by an unknown attacker who siphoned almost $26 million worth of BTC and ETH. The exchange, which has already acknowledged the attack, is investigating the event and working to eliminate all possible vulnerabilities. Meanwhile, Fixedfloat’s platform remains closed until further notice. Fixedfloat Loses $26 Million in ETH […] Source