Day: March 18, 2024

Groundbreaking New AI Trading Bot Hits $1M Raised in ICO – Blockchain News, Opinion, TV and Jobs

London, United Kingdom, March 18th, 2024, Chainwire The Bitbot presale continues at pace, with the raise now having passed $1 million in under 8 weeks – fuelled by an increased interest in AI and trading technology that has shed a spotlight on this innovative new approach to trading. Remote Blockchain Education – Blockchain Partners Bitbot is looking to dominate the up-and-coming Telegram trading bot market, already sitting at well over $1 billion in market cap, despite barely being a year old. With its first-of-its-kind non-custodial trading capabilities, Bitbot is finally…

Bitcoin Threatens To Retreat To $60,000

After a spectacular ascent to record highs, Bitcoin (BTC) is facing a reality check. The past week has seen a dramatic price correction, leaving investors wondering if this is a temporary setback or a sign of a more bearish future. The world’s most popular cryptocurrency reached an intraday low of $64,620 on March 17th, a significant drop from its recent peak above $73,000. This pullback has triggered a wave of pessimism, with analysts pointing to declining profitability and a drop in daily active addresses on the network. Bitcoin down in the…

Bitcoin’s fourth halving might lead to mining power centralization, Bitfinex says

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Bitfinex warns of potential centralization of mining power amid concerns over the upcoming Bitcoin’s halving, which could increase financial pressure on small miners. Bitcoin’s upcoming fourth halving scheduled for around Apr. 20 might force smaller miners to exit the market, with remaining mining operations likely to be accessible only by publicly traded miners. According to a recent report by Bitfinex, the upcoming halving event could prompt smaller miners to exit the market altogether, leaving the field dominated by publicly traded mining companies. This concentration of mining power, Bitfinex cautions, is…

Spotlight on KangaMoon, Solana, Pepe as March witnesses surge

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As March unfolds, KangaMoon, Solana, and Pepe capture the spotlight, with each showing promising signs of growth. Solana’s TVL surge, Pepe’s viral appeal, and KangaMoon’s fruitful presale indicate their potential as key crypto assets to watch. KangaMoon (KANG), Solana (SOL), and Pepe (PEPE) are predicted to be the next big crypto gems for March. With Solana experiencing a TVL surge, Pepe going viral online, and the KangaMoon’s presale seeing…

Solana Market Cap Set To Skyrocket 1,000%: Crypto Fund CEO

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Joe McCann, the CEO and CIO of the crypto hedge fund Asymmetric, recently made a bold statement on X (formerly Twitter), forecasting a $1 trillion market cap for Solana. McCann’s argument hinges on several key points that detail why he believes Solana has achieved product-market fit (PMF) as “The Chain for Retail,” juxtaposing it against Ethereum’s challenges and perceived shortcomings for retail users. Solana Beats Ethereum McCann critiques Ethereum for not being designed with retail in mind, pointing out its slow and expensive Layer 1 (L1) transactions, alongside the user…

Binance CEO sees Bitcoin soaring above $80k as demand continues to come

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Binance CEO Richard Teng predicts Bitcoin’s value will surpass the $80,000 mark amid increasing investments in crypto-backed exchange-traded funds. Binance CEO Richard Teng foresees Bitcoin’s price surpassing the $80,000 mark amid a surge in investments in crypto-backed exchange-traded funds (ETFs), Bloomberg reports. Teng, who became Binance CEO following the departure of the exchange’s founder Changpeng Zhao in November 2023, emphasized the substantial influx of capital from institutional investors into spot Bitcoin ETFs, particularly following regulatory approval for such products earlier this year by the U.S. Securities and Exchange Commission. Expressing…

Group Urges US President Joe Biden to Secure Release of ‘Kidnapped’ Former Federal Agent

The Chamber of Digital Commerce, a blockchain and crypto advocacy group, has urged U.S. President Joe Biden to assist in securing the release of a Binance executive “kidnapped” by the Nigerian government. The group warned that the Nigerian government’s arbitrary detention of Tigran Gambaryan might establish a dangerous precedent. Questioning the Arbitrary Detention of Binance […] Source CryptoX Portal