Day: March 25, 2024

Why Is The Price Of LUNC And USTC Up Today?

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The prices of LUNC and USTC have both seen a considerable boost in the past day. But although there has been a bit of a recovery in the crypto market, another reason entirely is behind this surge in price and it has everything to do with the currently incarcerated founder of the Terra blockchain, Do Kwon. Terra Founder Gets Released Do Kwon, the founder of the billion-dollar Terra blockchain, which collapsed in 2022, has been in prison in Montenegro for months now after being apprehended with fake travel documents. Since…

BTC, ETH Back in the Green

The crypto market began the week in the green as traders cheered BlackRock’s foray into asset tokenization and the beginning of the global central bank easing cycle. Bitcoin (BTC), the world’s largest digital asset, traded at $67,000, up 3% on a 24-hour basis, and ether traded 2.3% higher above $3,400. The CoinDesk 20 (CD20), a measure of the most liquid cryptocurrencies, was up around 3.2% at press time. Bradley Park, an analyst at CryptoQuant, attributes the gains to the market digesting BlackRock’s fund targeting tokenized products (BUIDL) on Ethereum. Other…

Zano Blockchain’s Hard Fork Facilitates Privacy Coin Creation, Introduces Confidential Assets

The Zano blockchain’s recently completed Zarcanum hard fork (HF4) will enable users and organizations to create custom tokenized assets that meet their specific needs. These custom tokenized assets or confidential assets, will be untraceable on the Zano blockchain. The team believes that without privacy and security, cryptocurrencies cannot achieve the much-hyped widespread adoption. Hosting Multiple […] Source CryptoX Portal

European Securities and Markets Authority (ESMA) Steps Closer to Finalizing Rules Under MiCA

The European Securities and Markets Authority’s (ESMA) report, which follows a consultation last year, includes proposals on information the regulator will require from firms for authorization under MiCA. The report also includes requirements for firms to establish intent to provide crypto services and intent to acquire crypto assets, along with how service providers should address complaints. Source

Bitcoin ‘Real Pump’ Nears New All-Time Highs, Analyst Says

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Bitcoin, the ever-enigmatic digital currency, has analysts locked in a heated debate about its 2024 price trajectory. Will it soar to new heights, fueled by institutional adoption and mainstream acceptance, or will it face a reality check and revisit recent lows? Bullish Vs. Bearish Perspectives On Bitcoin The optimists, led by the prominent crypto analyst Cryptoyoddha, paint a picture of a bullish future. They point to a meticulously tracked historical chart showcasing the cyclical price movements of Bitcoin. Each cycle, Cryptoyoddha argues, follows a similar pattern: a period of accumulation…

This $6.4 billion move could prevent $75k breakout

BTC price opened trading on March 25 above the $67,500 territory, as the bulls staged an 8% weekend recovery from Bitcoin ETFs’ $840 million sell-off last week. Bitcoin price battled bearish headwinds last week as ETFs piled on selling pressure. On-chain data trends suggest BTC is poised for more volatility in the week ahead. Why is Bitcoin price up today? Bitcoin price surged as high as $67,600 in the early hours of March 25, largely thanks to rapid after-market purchases from US-based whale investors over the weekend. Bitcoin ETFs recorded…

Crypto Market Focusing on Spot Bitcoin (BTC) ETF Fund Flows Over Fundamentals: Coinbase

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

What is Macro/Crypto Summer? Don’t Miss Out, Says Expert

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In a thread on X (formerly Twitter), Raoul Pal, a renowned trading guru and the founder/CEO of Global Macro Investor and Real Vision, has illuminated the crypto community about the advent of what he terms as the “Macro/Crypto Summer.” This period, according to Pal, is not just a fleeting season but a significant phase in the financial and cryptocurrency markets, deeply rooted in the cyclical nature of the global economy. Why The Macro/Crypto Summer Matters Pal elaborates on the concept of the “Macro Summer,” explaining it as a pivotal phase…