Day: February 29, 2024

Cosmos and Monero competitor sets sight on gains 

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana and Filecoin recently announced a collaboration to devise blockchain storage solutions. With the Filecoin integration, third-party dapps would be able to access Solana’s block history.  According to blockchain experts, the move would help Solana in improving the redundancy and scalability of its data sets. The collaboration could pave the way for new ideas in the developer community.  The potential of the integration has shifted the crypto community’s attention…

Bitcoin Ascent To $64,000 Causes Coinbase To Crash

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Not long after the value of Bitcoin surpassed $62,000, its highest level since 2021, Coinbase had severe disruptions and issues on Wednesday afternoon, preventing some customers from signing in at all and causing some user accounts to reflect a $0 balance. Crypto aficionados were furious on social media because they are unable to access their money on the biggest cryptocurrency exchange in the United States. Furthermore frustrating, some customers have reported errors when buying and selling. The continuous demand for Bitcoin is seen as main the reason behind the sudden crash of the…

US government transfers $922m in Bitcoin from seized Bitfinex hack funds

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The U.S. government allegedly transferred Bitcoin (BTC) from two wallets that contained funds confiscated in the 2016 Bitfinex hack. According to Arkham Intelligence, on Feb. 28, from approximately 18:39 UTC to 19:55 UTC, U.S. authorities transferred almost a billion dollars worth of Bitcoin in four transactions. Source: Arkham Intelligence First, the wallet transferred 1 BTC worth $60,200 (at the time of the transaction). The U.S. government then moved another 2,817 BTC worth approximately $172.74 million to unknown addresses. Then, less than an hour later, from another wallet, the government transferred…

A Maximum of 78 Months — Sam Bankman-Fried’s Legal Team Calls for Leniency

In a recent legal submission, Sam Bankman-Fried’s freshly appointed defense team strongly criticized the suggested century-long sentence as “grotesque.” The firm Mukasey Young is pushing for a gentler verdict for the 31-year-old creator of FTX. Bankman-Fried’s Defense Urges Judge to Cap Sentence at 78 Months The defense’s legal brief argues that the suggested sentence is […] Source CryptoX Portal

Pushd presale takes in more Bitcoin Cash and Ethereum holders

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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. Community support plays a pivotal role in the success of cryptocurrency projects. A strong, active community can drive adoption, provide valuable feedback to developers and contribute to the project’s resilience in volatile markets. For investors, the strength of a project’s community can be a key indicator of its potential for success and longevity. The Pushd (PUSHD) platform is attracting a growing number of Bitcoin Cash (BCH) and Ethereum (ETH)…

Bitcoin (BTC) Logs Biggest Single-Day Gain Since October, Market-Neutral Bets Yield 3x That of Treasury Notes

Cash and carry arbitrage is a market-neutral strategy that seeks to profit from price discrepancies in spot and futures markets. The arbitrageur combines a long position in the spot market with a short position in futures when futures trade at a premium to spot prices. As futures expiry nears, the premium evaporates, and on the day of the settlement, futures converge with spot prices, generating a relatively risk-less return to the arbitrageur. Source

Bitcoin Briefly Hits $64,000, Now Back Halfway To $62K

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In a blazing start to March, the feverish activity of Bitcoin has set it up for its largest monthly increase in almost three years early Thursday. Money pouring into listed bitcoin funds is fueling a huge gain, and bitcoin is now just a stone’s throw away from a record high. Source: Coingecko Investor Frenzy As Bitcoin Set To Reclaim $64K The primary cryptocurrency rose as much as 14% late Wednesday to momentarily reach $64,000 — its first move above $60,000 since November 2021 — before reversing part of the gains.…

Dogecoin Price Soars 25%, Why DOGE Bulls Are Not Done Yet

Dogecoin is up over 25% against the US Dollar. DOGE cleared the $0.120 resistance and might continue to rise toward the $0.132 resistance. DOGE started a strong increase after it broke the $0.0850 resistance against the US dollar. The price is trading above the $0.120 level and the 100 simple moving average (4 hours). There was a break above a key contracting triangle with resistance at $0.0845 on the 4-hour chart of the DOGE/USD pair (data source from Kraken). The price could extend its rally above the $0.1280 and $0.130…