Month: February 2024

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…

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. “The 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.” Block report Additionally, the company’s mobile payment…

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 token’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 Michaël 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, Michaël 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 cryptocurrency’s price rally seems to be far from over. $2.4 Billion Worth Of ETH Leaves Exchanges: CryptoQuant A pseudonymous analyst on CryptoQuant’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 […] 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 market’s latest twists and turns, especially after the SEC decision on Bitcoin ETF, you’ve probably noticed that Bitcoin (BTC) is holding steady around the $52,000 mark despite some inflation concerns among the public. But there’s more to the crypto landscape than just Bitcoin’s stability – there’s an emerging crypto player on the scene that’s causing quite a stir. Enter InQubeta (QUBE),…

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

George Town, Grand Cayman, February 24th, 2024, Chainwire Staking program amassed over $129M TVL in less than 24 hours  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. Zircuit’s community has gained an impressive following of over 112K Twitter followers and 125K Discord members within a…