Imagine the scene: You’re sitting at the card table, and every hand you’re dealt is terrible. But the cards never get better; the dealer has full sight of the deck and sets the order of the cards before they’re played. The dealer always wins. The following opinion editorial was written by Da Hongfei, a prominent […] Source CryptoX Portal
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin is up 16% this week, breaking above $50K for the first time since December 2021. From spot rates, a 27% increase would catapult it to its all-time high. With that in mind, onlookers want to know its potential in February. BTC has no resistance The recent Bitcoin breakout was unexpected, with analysts anticipating a pre-halving ceiling of $48K. However, the recent Bitcoin pump reached highs of $50.2K and…
The drop happened after the January Consumer Price Index (CPI) report showed 3.1% year-on-year inflation, faster than analysts’ 2.9% forecast. Market participants now see only a 34% chance of the Federal Reserve cutting interest rates in May, down from 52% a day ago, according to the CME FedWatch tool. Original
Wall Street titan and Asset manager Franklin Templeton has applied for an Ethereum Spot Exchange-Traded Funds (ETF) after a struggle to gain approval for their Bitcoin Spot ETF in early January. Asset Manager Files For Spot Ethereum ETF Asset managers have gravitated toward the Ethereum spot ETF since the United States Securities and Exchange Commission (SEC) approved the Spot Bitcoin ETF. Franklin Templeton is the latest manager to apply with the SEC to get approval for this financial product. The asset manager’s move came after successfully introducing the BTC spot…
Ripple is known in the U.S. for going toe-to-toe with the SEC in federal court over the regulator’s accusations that XRP was a security. Though one judge has largely ruled on Ripples’ side, the case will continue to be fought in higher courts. Long said the company’s hesitation about the U.S. isn’t as much about that specific clash as it’s about the regulatory uncertainty over digital assets. Source
The new token type claims to solve some of the drawbacks with ERC-404s, an experimental standard that launched last week – to such popularity that it’s already driven up congestion on the Ethereum blockchain. Source
Scheduled for Feb. 15, 2024, the upcoming Bitcoin difficulty retarget is poised to mark a notable upswing in the network. Current projections forecast an estimated difficulty surge ranging from 8.45% to 9.2%, setting the record for the steepest increase of 2024 thus far. Bitcoin Difficulty Poised for a Steep Increase This week, bitcoin (BTC) mining […] Original
“Fordefi changes the game for safe institutional access to DeFi and crypto by providing novel tools around MPC, user policies, and transaction simulation,” Curtis Spencer, co-founder and general partner at Electric Capital, said in a statement. “Their new wallet-as-a-service offering extends their industry leading technology to any business wanting their customers to have the best mix of security and user experience to get on-chain.” Source
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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. Crypto enthusiasts are now turning to DeeStream (DST) instead of XRP as Bitcoin (BTC) rises. One analysis suggests that XRP could reach $18, but legal challenges and market uncertainties must be considered. Regulations are slowing Bitcoin’s growth. Meanwhile, DeeStream is gaining popularity in decentralized streaming. It has a VIP program and stable governance, and DST is trading for $0.035. XRP to $18? A crypto analyst named Dark Defender has…