Month: February 2024

Alameda Research’s Worldcoin Investment Hits All-Time High, Exceeding $50M As WLD Price Climbs

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Worldcoin, the digital identity token ERC-20 project on the Ethereum (ETH) blockchain, has garnered significant attention. Its native token, WLD, emerges as the top performer among the top 100 cryptocurrencies by market capitalization.  The token has experienced a remarkable 31% uptrend in just 24 hours and a staggering 217% surge over the past fourteen days. This surge not only marks a new all-time high for WLD but also positively impacts Alameda Research, the now-bankrupt trading arm of the defunct FTX exchange, which holds a substantial stake in Worldcoin. Alameda Research’s…

Edward Snowden Calls Bitcoin ‘Most Significant Monetary Advance Since the Creation of Coinage’

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Edward Snowden, a privacy advocate and former National Security Agency (NSA) contractor and whistleblower, says bitcoin “is the most significant monetary advance since the creation of coinage.” He views his statement as “unpopular but true.” Edward Snowden’s ‘Unpopular but True’ Bitcoin Statement Edward Snowden, a privacy advocate, posted about bitcoin on social media platform X […] Original

Analyst Predicts $58,000 Surge Before Halving, But There’s A Catch

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As Bitcoin continues its bullish momentum, renowned analyst Michaël van de Poppe has offered an optimistic outlook on the cryptocurrency’s price trajectory. Van de Poppe highlights the “massive” momentum behind Bitcoin, signalling a bullish trend in the market.  The analyst anticipates Bitcoin embarking on a “final surge” towards the $54,000 to $58,000 range, marking the culmination of the current pre-halving rally. However, there’s a catch: Van de Poppe predicts a short-term correction before this “final push.” The #Bitcoin chart looks great as the momentum is massive. I’m expecting a short-term…

South Korea considers further delay in crypto taxation ahead of general election

South Korea’s ruling People Power Party is proposing another delay in the implementation of cryptocurrency investment gains taxation, now potentially extending the start date to 2027. The move is part of the party’s campaign strategy for the forthcoming general election in April. The party has emphasized the need for a basic regulatory framework for cryptocurrencies as a priority over taxation. This includes plans to introduce new regulations for the crypto industry, focusing on crypto custody providers and token listing requirements. These proposed regulations aim to complement South Korea’s initial crypto…

Pantera Capital-backed NFT lending startup Arcade to airdrop 3m ARCD tokens

Lending platform for digital collectibles Arcade will airdrop 3% of the total supply of ARCD tokens to holders of select NFT collections. In a Medium blog, Arcade unveiled its “Clash of Clans” airdrop initiative, aiming to distribute ARCD tokens among 4,000 wallets, each eligible to claim 750 ARCD tokens. On Feb. 19 at 8:00pm UTC, the team will take a snapshot, with token distribution divided into two phases: whitelist and public claim. Security Reminder. Beware of impersonator accounts & DO NOT click on links that appear to be from @Arcade_xyz…

Ethereum Breaks $2,900, But Watch Out For Futures Overheating

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Ethereum has broken beyond the $2,900 level during the past day, but data shows the futures market may be starting to become overheated. Ethereum Has Now Broken Through The $2,900 Level While Bitcoin has slumped to an overall sideways trajectory recently, Ethereum appears to have decided to pick a path of its own, as the second largest asset in the sector has surged almost 4% over the past 24 hours. During this latest jump, Ethereum has touched the $2,900 mark for the first time since the start of May 2022.…

Coinbase Commerce Ditches Support for Bitcoin Payments Using Self-Custody Wallets

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Coinbase Commerce, the cryptocurrency payments solution of U.S.-based exchange Coinbase, has removed support for bitcoin payments using self-custody wallets. Brian Armstrong, CEO of the exchange, clarified it maintains support for payments from UTXO-based chains from Coinbase accounts. However, Commerce will focus on supporting ERC-20 tokens on layer 2 protocols, like Base and Polygon. Coinbase Commerce […] Original

Finance Expert Predicts Bitcoin Will Touch $100,000 Soon, Here’s When

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Renowned finance author Robert Kiyosaki has once again made a bullish price prediction for the flagship cryptocurrency, Bitcoin. This time, he predicts that Bitcoin will hit $100,000 and mentions when exactly this will happen.  When Bitcoin Will Hit $100,000 Kiyosaki mentioned in an X (formerly Twitter) post that Bitcoin will hit $100,000 by June 2024. However, he didn’t mention what will propel this massive price surge. The finance expert is known to be a huge advocate of the foremost crypto token and, at different times, given his opinion on its…

Asia’s family offices increase focus on digital assets amid growing market interest

Family offices in Asia are increasingly focusing on digital assets, with many planning to increase their investments in this sector. According to a Feb. 19 article from Nikkei Asia, Zann Kwan, the managing partner and chief investment officer at Revo Digital Family Office, has highlighted a growing trend among family offices in crypto. The changing strategy aims to diversify portfolios and potentially improve returns, covering both direct and indirect investments in cryptocurrencies, crypto funds, structured products, and direct private equity investments. The article added that despite digital assets constituting less…

Hedera (HBAR) Soars 50% To Mark New 20-Month High, Fuels Bullish Price Targets

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Hedera (HBAR), a decentralized public network known for its near real-time consensus and developer-friendly environment, has emerged as one of the top-performing altcoins in the cryptocurrency market.  As the overall market experiences a resurgence of bullish sentiment, HBAR has demonstrated impressive growth, positioning itself as one of the leaders among the top 100 cryptocurrencies by market capitalization. Trading Volume For HBAR Spikes 200% Over the past fourteen days, HBAR has recorded substantial gains, surging by nearly 50%. This upward momentum extends to the thirty-day and year-to-date time frames, with gains…