Month: February 2024

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 Avalanche’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.  Investigating Avalanche primary network block production issue right now. Seems to be related to a new inscription wave launched about an hour ago. — Kevin Sekniqi 🔺 (@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 leaders’ wallets, offering insights into their transactions and holdings. Introducing: Wallet Watcher 👀 Add any wallet as a view-only account in Phantom. 🧐 Watch the wallets of friends, traders, and industry leaders🧪 Try out Phantom for ETH and BTC before you import🔍 Discover what top collectors are accumulating pic.twitter.com/RZkgbB7QO7 — Phantom (@phantom) February 23, 2024 The new feature also supports Ethereum (ETH) and Bitcoin…

Donald Trump Acknowledges Bitcoin’s Popularity — Says BTC Has Taken on ‘a Life of Its Own’ and ‘I Can Live With It’

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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

US District Judge Sanctions Binance’s $4.3 Billion Plea Deal

Binance Holdings is set to pay $4.3 billion in fines following the approval of its plea agreement with prosecutors by U.S. District Judge Richard Jones on Friday. Beyond the financial settlement, a third party will oversee Binance’s operations for a duration of five years. Historic $4.3 Billion Binance Settlement Approved by Seattle Judge Binance, the […] Source CryptoX Portal

Could It Hit $6 Trillion Market Cap?

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In recent years, the debate surrounding Bitcoin’s (BTC) potential market share relative to gold has garnered significant attention, as recently approved Bitcoin Exchange-Traded Funds (ETFs) can bring Bitcoin significantly closer to gold in key metrics. Jurrien Timmer, Director of Global Macro at Fidelity Investments, has put forward an analysis that sheds light on this subject. By examining the value of “monetary gold” and Bitcoin’s market capitalization, as well as considering the impact of halvings on Bitcoin’s supply, Timmer presents insights into the future dynamics of these two assets.  Gold Vs…

BTC to find support at $48,900

Bitcoin’s price fell to a weekly low of $50,600 on Feb. 23, down 5% in the last three days, but a rare buying frenzy observed across Korean exchanges provides fresh market insights.   Cryptocurrency exchanges in South Korean markets have witnessed an uptick in Bitcoin (BTC) trading this week. Historical trends suggest that this could significantly impact Bitcoin’s short-term price action.  Korean investors increase buying pressure amid falling prices Following a blistering 27% uptrend in the first half of February, Bitcoin’s price has struggled to sustain the momentum this week. After…

Crypto Platform Which Predicted Bitcoin To Reach $50,000 Has Released A New Target

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Crypto financial services platform Matrixport has made another bullish prediction for the Bitcoin price. This time, they predicted that Bitcoin would rise to $63,000, including when the flagship crypto token hits this target. Matrixport had previously predicted that BTC would rise to $50,000 by the end of January, although that didn’t happen.  Bitcoin Will Rise to $63,000 By March! Matrixport mentioned in their latest report that BTC will rise to $63,000 by March this year. Although this price level seems ambitious, the crypto platform noted that it is achievable with…

Stacks holders tracking Kelexo; Solana may rally

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Stacks (STX) holders are interested in the ongoing presale for Kelexo (KLXO). A Solana (SOL) expert recently suggested a potential rally. However, it’s important to remember that this is speculation and not guaranteed. This optimism surrounding Kelexo stems from its focus on addressing inefficiencies in the lending market through blockchain technology.  The expert’s analysis mentions scalability, security, and user-friendliness as potential differentiators for the project.  Stacks sees diminishing returns…

Looking at Kraken’s Motion to Dismiss an SEC Lawsuit

The Coinbase case is in the Southern District of New York, Binance.US is in the District of Washington and Kraken is in the Northern District of California. Another company, going by the name Legit.Exchange, just filed suit against the SEC in the Northern District of Texas. The chances of four different district judges in four different districts finding a consensus is a bit slim. Assuming the parties involved appeal whatever rulings come out, we’re also looking at a few appeals courts that will weigh in. Source

Crypto Platform Forecasts $63K Surge By March

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Prominent digital asset financial services platform Matrixport has recently issued a bullish projection indicating a potential surge in Bitcoin’s (BTC) value. According to their analysis, Bitcoin may surpass its previously established two-year peak and climb to $63,000 by next month. This bold prediction stems from a confluence of factors poised to exert significant influence on the trajectory of Bitcoin’s price in the coming weeks and months. Rationale Behind Matrixport’s Optimistic Projection The primary driver behind Matrixport’s optimistic outlook is the live trading of Bitcoin spot Exchange-Traded Funds (ETFs). According to…