Day: March 6, 2024

Solana’s BODEN Token, Nodding to Joe Biden, Sees Major Uptick After TRUMP Coin Rally 

The digital asset known as maga (TRUMP) has experienced significant appreciation, while a newer cryptocurrency, jeo (BODEN), has seen its value skyrocket by 1,597%, as per data from coinmarketcap.com. In the last 24 hours alone, BODEN has witnessed trading volume amounting to $34.50 million on decentralized exchange platforms such as Raydium and Orca. Biden-Inspired BODEN […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Bitcoin is set to make another run at the record and could rally to $98,000, according to chart analyst

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Bitcoin charged to new highs on Tuesday, but then retreated about 14%, sending a scare into the market. Since then the price has stabilized. I think the two most important questions are will bitcoin retest the $69,000 high and ultimately blast through? And if so, what are the catalysts to justify the outlook for higher prices? I’ve been following the bitcoin story for 10 years now, opened my first Coinbase account back in 2014 and bought bitcoin at $330. No, I don’t still have them. I’ve followed and traded it since…

Adjusted for Inflation, Bitcoin Hasn’t Topped Its All Time High

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That a volatile asset like bitcoin hasn’t kept up with inflation (at least since the last ATH) is a bit of a red herring when considering how far it has come. A bitcoin in someone’s wallet today, for instance, would be worth $48,395.13 in 2008, when it was first launched and didn’t have a market value at all. Bitcoin first hit parity with the U.S. dollar in February 2011, and has been gaining ever since. Original

Ethereum (ETH) Hits $3,900 For The First Time In Two Years

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After Bitcoin (BTC) recorded a new all-time high (ATH), Ethereum (ETH) rallied above $3,800 before the price crashed over 10%. The second-largest cryptocurrency has recovered from the dip and reached $3,900 momentarily for the first time in over two years. Ethereum Recovers And Rallies to $3,900 On Thursday, Bitcoin reached a crucial milestone after breaking above $69,000 and recording a new all-time high (ATH). Before the euphoria was over, the flagship cryptocurrency’s price started to drop, trading as low as $60,000. Since then, BTC’s price has recovered to hover between…

Bitcoin ETFs Surge to Record Highs with Billions in Inflows, Spotlighting Mainstream Crypto Adoption Amid Governance Queries

ETHEREUM’S BIG TENT: Ethereum conferences aren’t just for Ethereans anymore, CoinDesk’s Sam Kessler reports. Last week’s ETHDenver conference in Colorado, one of the year’s largest gatherings for developers and users of the Ethereum blockchain, drew in a cross-section of the blockchain industry. The broad swath of attendees might be a testament to Ethereum’s influence on other blockchain ecosystems, attracting onlookers from other crypto tribes. But it also might be a sign of rival systems looking to encroach on Ethereum’s success in making blockchains more programmable, with its vibrant ecosystem of…

Wormhole to Airdrop 617M W Tokens to Past Users

The W token is set to become a governance asset the holders of which will vote within Wormhole DAO, a yet-to-launch entity that will make decisions for the platform, like how much to charge in fees. Wormhole is a cross-chain messaging platform that acts as a way to move money across blockchains, including Solana, Ethereum, Aptos and others. Source

Hut 8 shuts down Bitcoin mining site in Canada, citing energy costs

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Mining company Hut 8 is shutting down its Bitcoin mining platform in Drumheller, Alberta, Canada. According to a Hut 8 report from Mar. 6, the platform will be shut down due to power outages and rising prices. Currently, Drumheller mines about 1.4% of Bitcoin (BTC) and spends about 11% of its hash rate. “We have determined that the profitability of Drumheller has been impacted significantly by various factors, including elevated energy costs and underlying voltage issues.” Asher Genoot, Hut 8 CEO The company admits that the center’s activities may resume…

BlackRock Smashes Expectations With $788 Million Inflows In One Day

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BlackRock’s Bitcoin ETF, IBIT, achieved a remarkable milestone on March 5. Attracting a staggering $788 million, it exceeded its previous record of $612 million in inflows in a single day. This surge in investment coincided with Bitcoin reaching a new all-time high (ATH) of $69,300, surpassing its previous ATH set in 2021. Bitcoin ETF Trading Volumes Reaches Record $10 Billion Shortly after Bitcoin hit its new milestone, the market experienced a notable price correction, dropping below $60,000. However, this dip seemed to entice ETF buyers who saw it as an…

The Emergence of Liquid Restaking Tokens and Their Impact on Blockchain Security and Efficiency

Another chance to strive for the vitality of Ethereum staking: Liquid restaking protocols give Ethereum a new opportunity to invigorate its staking ecosystem. As an advancement over traditional liquid staking, these protocols aim to engage in Ethereum’s consensus process, thereby democratizing the staking landscape and challenging the hegemony of established liquid staking leaders. The traditional Liquid Staking Protocols put ETH deposited by users into securing the PoS chain, whereas the Liquid Restaking Protocols use funds to validate AVSes, which validates various systems, i.e. rollups, oracles, bridges, etc. Source

How to Achieve Security and Decentralization in the Evolving World of DeFi and Digital Assets

As blockchain permeates finance over the coming years, we’ll see diverse technical architectures emerge across the centralization spectrum, trying to strike the right balance between openness and security. If we get the formula right, blockchain could unlock immense positives for institutions, consumers, and society — efficiency, transparency, scalability, and more. Source