Day: February 24, 2024

Grayscale transfers $175m worth of Bitcoin via Coinbase

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Crypto asset manager Grayscale has made a strategic move by transferring 3,443.1 Bitcoin, amounting to over $175 million, to an address associated with the Coinbase exchange. The latest move was executed in five separate transactions to Coinbase Prime, a platform designed to cater to the liquidity needs of institutions. According to Arkham, at 22:12 UTC+8 on February 23, Grayscale transferred 2,669.31 BTC to the address of Coinbase Prime Deposit, worth approximately US$136 million；it transferred 773.79 BTC to a new address, which is suspected to be Grayscale’s new custody address.… —…

Rebel Satoshi presale in focus, XMR and MINA can recover after slump

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The crypto market is getting to grips with the recent shocking delisting of Monero (XMR). Meanwhile, Mina (MINA) has prepared further plans for a major mainnet upgrade. In other news, investors are looking at the Rebel Satoshi (RBLZ) presale. Rebel Satoshi to surge on launch? Rebel Satoshi is a defiance-themed meme coin carrying the baton for Bitcoin, the first of many top DeFi projects that followed after 2009. The…

Carson Group adds spot Bitcoin ETFs into $30b portfolio

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Omaha, Nebraska-based Carson Group is offering four-spot Bitcoin (BTC) ETFs to its clientele, according to Bloomberg. The investment firm has included top candidates such as BlackRock’s iShares Bitcoin Trust, Fidelity Wise Origin Bitcoin Fund, Bitwise Bitcoin ETF, and the Franklin Bitcoin ETF in its investment offerings to clients. Grant Engelbart, the vice president and investment strategist at Carson Group, delineated the inclusion criteria, pointing out the substantial assets and vigorous trading volumes as key rationales behind choosing the frontrunners, BlackRock and Fidelity’s products.  The BlackRock iShares Bitcoin Trust (IBIT), with…

Analysts watching XRP, VeChain, and NuggetRush

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The altcoin season indicator of Glassnode shows that altcoins could be on the cusp of an explosive price rally in the coming weeks. This is further backed up by many crypto analysts confirming that an altseason is near. As we approach another major bull cycle, VeChain (VET), XRP, and NuggetRush (NUGX) have emerged as some of the top altcoins to watch. NuggetRush poised for gains in 2024 NuggetRush gained…

Lejilex and Crypto Freedom Alliance of Texas Sue SEC for Unlawfully Targeting the Digital Asset Industry

Lejilex and the Crypto Freedom Alliance of Texas, a crypto nonprofit, have teamed up to introduce a complaint against the actions of the SEC towards actors in the digital asset industry in America. The complaint alleges that the SEC has no regulatory powers over these crypto companies, having usurped functions not given to it by […] Source CryptoX Portal

Uniswap 71% Single-Day Rally Raises Eyebrows

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The cryptocurrency market witnessed a significant shift in momentum on February 23rd, as Uniswap native token, UNI, skyrocketed by an impressive 71%. This surge marks the token’s highest price point since March 2022, sending shockwaves through the crypto landscape and reigniting interest in the decentralized finance (DeFi) sector. Source: Coingecko Uniswap Proposes Fee-Sharing Feast For Stakers The primary catalyst behind this astronomical rise appears to be a pivotal proposal unveiled by the Uniswap Foundation. This proposition advocates for the implementation of a novel fee-sharing mechanism, fundamentally altering the token’s utility…

The potential impact of Bitcoin halving on the cryptocurrency market

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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Every four years, a pivotal moment rocks the world of cryptocurrency—the Bitcoin halving. This long-awaited event slashes Bitcoin mining rewards in half, directly impacting production rates and supply. As the following halving approaches in 2024, speculation is heating up around how this moment will shake up the broader cryptocurrency market.  Will prices surge as new coin supply tightens? Or will the decreasing rewards diminish Bitcoin’s mining infrastructure?…

Pro-Ripple Lawyer Tags Poor XRP Price Performance As Unnatural, Rally Imminent?

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XRP’s price action for the last three years has been majorly disappointing, with the crypto yet to turn positive for its holders. Notably, XRP’s price action for the past three months has been brutal and needs to catch up when compared to other large cryptos. Despite this underwhelming price movement, many analysts haven’t stopped predicting a potential rally for XRP in the coming months. Particularly, attorney Bill Morgan, who is known for his bullish stance on XRP, recently took to social media to share his take on the asset’s lackluster…

Cardano is steady as Ethereum whale backs MetaClip to flip OKX

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Cardano (ADA) has shown resilience, holding onto most gains made during last year’s bull run, even as the broader crypto market struggles. Meanwhile, an Ethereum (ETH) whale recently made waves, forecasting a major upside for MetaClip (MCLP), a new platform to transform token exchange.  This whale made rather bold claims that MetaClip has greater potential than leading exchange OKX, leaving some potential investors fascinated.  Cardano rallies Cardano has seen a 2.48% price…