On Wednesday, bitcoin’s value ascended to the vicinity of $64,000, during which time users of Coinbase and Robinhood reported disruptions in service. As of Feb. 28, 2024, Coinbase’s status page indicated the platform was suffering from “degraded performance,” while Robinhood’s clientele voiced their grievances to the platform’s support team. Technical Troubles Shadow Bitcoin’s Climb to […] Original
If the new ETFs are part of the answer, so is the complementary investment vehicle of crypto separately managed accounts (SMAs). Crypto SMAs, or portfolios of digital assets, are quickly gaining ground with wealth managers, family offices and registered investment advisors (RIAs). Source
Coinbase exchange has crashed amidst the bull markets, as users see a ‘zero’ balance on their accounts. Social media has been flooded with rage from crypto enthusiasts as users cannot access funds from the leading U.S. exchange. Some users have also reported errors in buying and selling, leading to further frustrations. Coinbase immediately acknowledged this error and said it was being investigated. The exchange also clarified that there have been severe delays in transferring funds over the Ethereum ERC-20 network. Several users allege it’s a rather strategic move from the…
Bitcoin has reached $64,000 for the first time since the peak of the 2021 bull run. In the past two days, Bitcoin (BTC) has risen from $51,000 to hitting $64,000 briefly today. The price rise has resulted from the Bitcoin ETF and the upcoming halving event, where investors buy up more than what is mined daily. For a supply shock to happen this early before the Bitcoin halving is expected as the price rises most times before each halving. However, if Bitcoin hits a new all-time high before the halving,…
San Francisco, California, February 28th, 2024, Chainwire Algotech Presale Revolutionizes DeFi Scene, Surpassing $1 Million Raised in Just Weeks. Algotech Presale Revolutionizes DeFi Scene, Surpassing $1 Million Raised in Just Weeks! Emerging Cryptocurrency trading platform Algotech (ALGT) known to be famous with its cutting-edge features. The TradFi platform features advanced algorithms to provide a competitive edge to traders. The platform initially gained traction for its convergence of artificial intelligence (AI) and blockchain technology. Algotech’s technical infrastructure leverages the latest developments in AI technology to provide a superior trading experience to…
Bitcoin continued an impressive run toward its previous all-time high, eliciting vigilance suggestions from Matrixport’s co-founder, who believes a correction is due. Matrixport co-founder Daniel Yan tweeted that a market retrace of as much as 15% may be on the cards sometime in April, the same period industry participants anticipate the quadrennial Bitcoin (BTC) halving, which will slash mining rewards. Yan said the industry is currently experiencing euphoria as crypto’s total market cap climbed above $2.3 trillion, gaining over 6% in a single day per CoinGecko. Matrixport exec advised caution…
As we look ahead, in addition to ether, other high beta names in Layer 2 are also poised to benefit from the Dencun upgrade. Layer 2 networks like Arbitrum (ARB) and Optimism (OP), which bundle transactions before posting them back to the main chain, are expected to reap significant advantages from the introduction of data blobs, for instance. Source
BTC rapidly surged earlier during the day, surpassing the $60,000 level for the first time since Nov. 2021. After hitting a high of $64,037, it abruptly fell to $59,400, the CoinDesk Bitcoin Index (XBX) shows. Its price had bounced back over $61,000 before another wave of sell-off pushed it again to near the same level. At press time, BTC was changing hands at $60,600. Original
The crypto market seems to be going nowhere but up. Bitcoin nears $60,000, Ether has been surfing above the $3,000 wave for four days, currently sitting at the $3,330 level, and the rest of the market continues to gain momentum. Significant developments and a strong bullish sentiment have built up over the past couple of months, and as a result, the top gainers during this bull run are coming from every sector of the market. This is the case of Dog-themed coins, which currently sit among the cryptocurrencies with the…
The country’s bonds have also surged to over 80 cents on the dollar. Source