Day: February 24, 2024

Jack Dorsey’s Block sold $2.52 billion worth of BTC in Q4

Jack Dorsey-led Block generated $2.52 billion in total Bitcoin (BTC) sales to customers in the fourth quarter of 2023, up 37% year-over-year. Additionally, Block received $207 million in overvalued Bitcoin assets. At the end of last year, Block had about 8,038 BTC, worth about $340 million. โ€œThe year-over-year increase in bitcoin revenue and gross profit was driven by an increase in the average market price of bitcoin as well as a benefit from the price appreciation of our bitcoin inventory during the quarter.โ€ Block report Additionally, the companyโ€™s mobile payment…

Coinbase on Grayscale Ethereum Spot ETF Application: โ€œETH Is a Commodity, Not a Securityโ€

Coinbase has answered the SEC request for comments on the proposed rule change to list the ETH Grayscale Fund as a spot ETF. Coinbase stated that ether was a commodity, and its status has been publicly recognized in a variety of circumstances by U.S. agencies and courts. Coinbase Supports Ethereum Grayscale Fund Conversion as a [โ€ฆ] Source CryptoX Portal

Analyst Forecasts $40 Target For Chainlink (LINK)

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Chainlink (LINK) continues to remain among the headlines following a negative performance, which saw the tokenโ€™s price decline by 7.63% in the last week based on data from CoinMarketCap. However, despite this discouraging price loss, investors and market experts appear to remain bullish on the altcoin. For instance, popular crypto analyst Michaรซl van de Poppe has recently released a price prediction that states LINK could double its market price in the coming months. Chainlink (LINK) Poised To Notch 122% Gains, Analyst Says In a Friday post on X, Michaรซl van…

800,000 ETH Flow Out Of Centralized Exchanges In 2024

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The price of Ethereum has been a joy to watch since the start of 2024, climbing by more than 30% in less than two months. The latest on-chain revelation suggests that ETH investors are approaching the market with more confidence, as the cryptocurrencyโ€™s price rally seems to be far from over. $2.4 Billion Worth Of ETH Leaves Exchanges: CryptoQuant A pseudonymous analyst on CryptoQuantโ€™s Quicktake revealed that significant amounts of the Ethereum token have been making their way out of exchanges in the last few weeks. This observation is based…

Fluidkey Launches to Tackle the Transaction Privacy Issues on EVM Chains

Fluidkey has announced it has opened its Optimism-based alpha to more users, allowing them to test their private solutions. Fluidkey seeks to solve the transaction privacy problem in EVM chains by leveraging ENS and stealth addresses, allowing users to use a new self-custodial asset for each payment, and segregating these movements to avoid linkability. Fluidkey [โ€ฆ] Source CryptoX Portal

Bitcoin steady despite inflation worries; Solana competitor can rally in 2024

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. For those keeping an eye on the crypto marketโ€™s latest twists and turns, especially after the SEC decision on Bitcoin ETF, youโ€™ve probably noticed that Bitcoin (BTC) is holding steady around the $52,000 mark despite some inflation concerns among the public. But thereโ€™s more to the crypto landscape than just Bitcoinโ€™s stability โ€“ thereโ€™s an emerging crypto player on the scene thatโ€™s causing quite a stir. Enter InQubeta (QUBE),…

Zircuit, New ZK-Rollup Focused on Security, Launches Staking Program โ€“ Blockchain News, Opinion, TV and Jobs

George Town, Grand Cayman, February 24th, 2024, Chainwire Staking program amassed over $129M TVL in less than 24 hoursย  Zircuit, a security-focused zero-knowledge rollup backed by pioneering L2 research, launched Zircuit Staking, an innovative program that allows users to stake ETH, liquid staking tokens (LSTs), and liquid restaking tokens (LRTs) to earn Zircuit Points. Shortly after launch, Zircuit Staking has already accumulated over $129M on the Ethereum mainnet and continues to rise. Zircuitโ€™s community has gained an impressive following of over 112K Twitter followers and 125K Discord members within a…

Avalanche C-chain clogged for 4+ hours by inscription barrage

Avalanche experienced primary network downtime on Feb. 23 for at least four hours as developers moved to implement fixes. Block finalization stalled on Avalancheโ€™s C-chain due to a bug with new inscriptions launched on the layer-1 network, Ava Labs co-founder Kevin Sekniqi explained on X. Transactions halted on the blockchain as new blocks could not be added.ย  Investigating Avalanche primary network block production issue right now. Seems to be related to a new inscription wave launched about an hour ago. โ€” Kevin Sekniqi ๐Ÿ”บ (@kevinsekniqi) February 23, 2024 Avalanche operates…

Phantom adds new wallet watcher feature

Phantom has launched a new Wallet Watcher feature, allowing users to add wallets as view-only accounts. The tool enables users to monitor the activity of friends, traders, and industry leadersโ€™ wallets, offering insights into their transactions and holdings. Introducing: Wallet Watcher ๐Ÿ‘€ Add any wallet as a view-only account in Phantom. ๐Ÿงย Watch the wallets of friends, traders, and industry leaders๐Ÿงชย Try out Phantom for ETH and BTC before you import๐Ÿ”ย Discover what top collectors are accumulating pic.twitter.com/RZkgbB7QO7 โ€” Phantom (@phantom) February 23, 2024 The new feature also supports Ethereum (ETH) and Bitcoin…

Donald Trump Acknowledges Bitcoinโ€™s Popularity โ€” Says BTC Has Taken on โ€˜a Life of Its Ownโ€™ and โ€˜I Can Live With Itโ€™

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U.S. presidential candidate and former President Donald Trump has acknowledged the growing popularity of bitcoin, stating that “a lot of people are doing it” and the crypto has taken on “a life of its own.” Trump further shared: “More and more I’m seeing people wanting to pay bitcoin and you’re seeing something that’s interesting so […] Original