Day: February 21, 2024

Bitcoin Bulls In Jeopardy? Analyst Sounds Warning Of Possible Retest

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Bitcoin has been on a bullish trend, reaching $50,000 for the first time in two years, but some crypto analysts still anticipate that the token might be gearing up for a potential correction. Bitcoin Could See A Pullback At Any Moment According to the recent analysis by cryptocurrency expert Crypto Jelle, Bitcoin could undergo a retest anytime soon. Jelle shared his latest projections with his thousands of followers on the social media platform X (formerly Twitter). A chart of Bitcoin accompanied his X post to demonstrate his observations and further…

The Year Blockchain Revolutionizes Traditional Asset Management with zkEVM and Institutional-Scale Liquidity Aggregation

The zkEVM, which is capable of performing smart contract transactions within a zero-proof environment, has firmly established itself in blockchain infrastructure. Now institutional investors can tap into a proven ecosystem of Ethereum-based blockchains, with its robust security guarantees, decentralization, and transactional transparency, at a far lower cost, rapid settlement times, and with potentially unlimited scaling capacity. Source

Former Fidelity Digital Assets Head Joins Advisory Board of Ethereum L2 Layer N

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Bitcoin Millionaire Takes A Shot At Cardano For Being A ‘Wannabe Ethereum’

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Cardano (ADA) is being caught in the crossfire once again as Bitcoin millionaire Arthur Hayes is taking shots at the network. Arthur, who is known for being a founder and former CEO of the BitMex crypto exchange, has been vocal about his dislike for the network, which he believes is trying to be like Ethereum. Cardano Is A Wannabe Ethereum In an interview with Coin Bureau, Arthur Hayes did not hold back while sharing his scathing review of the Cardano blockchain. The interview, which focused on the performance of Bitcoin…

Bitcoin ETF Approval Marks Milestone, but Is it Enough? Exploring Direct Ownership Benefits and the One-Way Bridge Dilemma

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Part of the reason bitcoin ETFs are so valuable is because they provide investors an opportunity to test the crypto waters in a way that’s familiar (ETFs for gold, for instance, have been available since the early 2000s). It opens the door to an entirely new generation of investors. It allows people to access one of the essential pieces of the crypto asset ecosystem: the price. By owning a fund that owns bitcoin, you gain indirect exposure to the potential price appreciation of bitcoin, and you offload the responsibilities of…

Surge in Stablecoin Supply Signals Robust Capital Inflow to the Crypto Market – Blockchain News, Opinion, TV and Jobs

By Enoch Mutembei In the past week, Bitcoin has experienced a bullish rally, breaking through the highly coveted $52,000 threshold and reclaiming nearly all losses incurred since the FTX collapse. This milestone is crucial for an industry grappling with a prolonged bear market. Coinciding with Bitcoin’s upward trajectory is a noticeable uptick in the combined market capitalization of major stablecoins, including USDT, USDC, BUSD, and DAI. The aggregate market cap of these four stablecoin giants has expanded from $131.232 billion to $138.993 billion between Feb. 13 and Feb. 20, indicating…

Solana Price Eyes $150 after Receiving $26M from Ethereum

On Feb. 20, Solana TVL surpassed $2 billion for the first time in 2 years, and funds flowing in from Ethereum through the Wormhole bridge suggest more SOL price gains ahead.   SOL‘s price has lost steam after soaring to a new 2024 peak of $118.40 on Feb. 15. However, an on-chain data trail of funds inflows trickling down to Solana from the Ethereum (ETH) network this week could spark a SOL price rebound toward $150.   Solana price dips 12%, falling below market average  In the first half of February 2024,…

Tangible’s USDR Stablecoin Charts Path to Recovery

The path from failure to redemption sheds a light on the wonky tokenomics that underpin mixed-asset stablecoins, which attempt to hold their dollar peg through collateral that isn’t always, well, a dollar. These constructions can have upside in good times but can go south in a hurry during a liquidity crunch. Source