Month: February 2024

Bitcoin reaches an all-time high in 14 countries

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Bitcoin has reached an all-time high in 14 countries, including Turkey, Argentina, Egypt, Pakistan, Nigeria, Japan, and Lebanon, despite trading 25% below its peak of $69,000.  The paradoxical situation underscores the significant depreciation of these nations’ currencies against the U.S. dollar (USD) over the past two years. The global financial market has been highly volatile in the past few years, as the appeal of cryptocurrencies like Bitcoin has increased in these countries as a hedge against economic instability. For instance, the Lira has seen a dramatic devaluation in Turkey, with…

Reddit Discloses Holding Bitcoin and Ether in IPO Filing

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Valkyrie introduces Bitcoin Futures ETF offering 2x leverage

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Valkyrie Investments introduces BTFX, a 2x leveraged Bitcoin futures ETF aimed at doubling the daily performance of the CME Bitcoin Futures index. According to a press release, BTFX seeks to achieve this objective by investing in Bitcoin futures contracts rather than directly in Bitcoin itself. Valkyrie Co-Founder Steven McClurg indicated that BTFX is tailored for institutional investors and hedge funds, emphasizing its non-direct investment strategy in Bitcoin (BTC). Valkyrie is pleased to announce the launch of the Valkyrie Bitcoin Futures Leveraged Strategy ETF ($BTFX), our 2x leveraged #bitcoin ETF that…

Lumerin Announces New Integration With Portal DEX for Decentralized Bitcoin Mining and Cross-Chain Hashpower Trading

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PRESS RELEASE. CHICAGO – Feb 22, 2024 – Lumerin, a decentralized Hashpower Marketplace built on Arbitrum that has built technology to make Bitcoin hashrate a liquid asset allowing for global access to peer-to-peer, decentralized hashrate trading, today announced a new integration with Portal, the first trust minimized, cross-chain swaps that involve no bridges, custody or […] Original

How PubKey Revived Bitcoin Culture in New York City

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“The bedrock of Bitcoin in New York is definitely BitDevs,” explains Pacchia. “BitDevs kept the focus on Bitcoin, which was really important, because in 2016 [through] 2018, there was a lot of money flowing into Ethereum. Consensys [hosted] lots of mixers. There was crypto Mondays and Ripple stuff and Cardano stuff, and there was lots of money being thrown around by VCs to have events. It’s easy for people to get distracted by shiny objects, and Bitcoin didn’t really have a shine to it.” Original

Multiple crypto tokens see north of 20% gains amid liquidity rotation

A broad range of cryptocurrencies continued price rallies even as Bitcoin and Ethereum traded flat on Feb. 22. Per CoinMarketCap, at least five crypto tokens gained over 20% in 24 hours, with the total digital asset market capitalization hovering below $2.1 trillion. CoinGecko also noted a 2% increase in crypto’s total valuation despite slight losses for its two leading tokens, suggesting that investors are rotating capital across altcoins to catch gains. Top crypto gainers on Feb. 22 Blockchain AI marketplace token SingularityNET (AGIX) led all gainers behind a 39% jump…

BNB Token Hits 16-Month High as Binance Users Move $400M Tokens for Portal’s Airdrop Farming

“A lot of sentiment was around U.S. sanctions impacting Binance beyond just the U.S.,” David Alexander, research partner at Anagram, said in an interview via X direct messages. “In many ways, BNB’s performance is tied to the exchange, so if user activity and volume on the exchange suffered, this could spill over into the broader ecosystem of the BNB network.” Source

Marathon Digital (MARA) to Start ‘Slipstream’ to Make Complex Bitcoin Transactions Faster

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“By default, Bitcoin nodes frequently exclude large and non-standard transactions from Bitcoin’s mempool, even if these transactions adhere to the Bitcoin network’s consensus rules,” said Marathon. “As a result, complex Bitcoin transactions are often delayed or unprocessed. To encourage experimentation and development on Bitcoin and to enable and expedite the processing of large or complex transactions that comply with Bitcoin’s protocol, Marathon has launched Slipstream.” Original