Month: March 2024

Figment, Apex to Introduce Switzerland-Listed Staking ETPs for ETH, SOL

“The popularity and interest in ETH and SOL has increased substantially over the past few months,” Josh Deems, head of institutional business development for Figment, said in the statement. “However, it is still challenging for institutions to buy crypto and stake directly. The ETPs will contribute to an increased accessibility to staking rewards for a wide audience, and we at Figment are proud that Apex and Issuance.Swiss chose Figment to be part of this development.” Source

Fetch AI Fetches Fire – 110% Price Surge Ignites All-Time High

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In the volatile world of cryptocurrencies, the recent bullish trend sweeping through the market has not only propelled Bitcoin to new heights but has also catapulted altcoins like Fetch.ai (FET) to unprecedented levels. FET marked a significant milestone with a fresh all-time high today, following the lead set by the primary cryptocurrency. At the time of writing, FET is priced at $2.76, with a trading volume of $2.77 billion over the last 24 hours. Its market capitalization stands at nearly $2 billion. Notably, the coin has experienced a remarkable 110%…

Ransomware gang BlackCat exit scams affiliates with millions in Bitcoin after attacking medical IT firm

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Cyber gang BlackCat allegedly scammed its own affiliates as the group went dark shortly after it disrupted the U.S. healthcare system. An address associated with the ransomware gang BlackCat, also known as ALPHV and Noberus, received approximately $22 million worth of Bitcoin (BTC) on Mar. 1 following a late February attack on United Healthcare’s Change Healthcare, a tech firm providing services to hospitals and clinics. However, a twist emerged two days later when the address received over 1,000 BTC and promptly emptied the wallet. Subsequently, an individual named “notchy,” claiming…

AI tokens dominate the top gainers’ chart, FET leads the batch

Big data and artificial intelligence (AI) tokens have gained momentum as investors shift focus to altcoins amid bullish market sentiment. According to data provided by CoinMarketCap (CMC), the top five gainers among the leading 100 cryptocurrencies are from the big data and AI category with double-digit growths. Top 5 gainers in 24 hours – March 7 | Source: CoinMarketCap Fetch.ai (FET) is leading the list with a 38.26% rise over the past 24 hours and is trading at $2.74 at the time of writing. The asset’s market cap surged to…

The $69,000 Bitcoin Question: Expert Forecasts Price Breakout

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As Bitcoin hovers near its all-time high, industry experts and investors are keenly watching for signs of its next major move. Alex Thorn, the Head of Research at Galaxy, recently shared his perspective on the Bitcoin price trajectory and the factors influencing its potential breakout. In a detailed post on X (formerly Twitter), Thorn provided insights grounded in historical data and current market dynamics. “We Will Climb the Wall of Worry,” Thorn proclaimed, setting the tone for his analysis. Bitcoin’s recent price action saw it reaching $69,324 on Coinbase on…

Election Fever Hits Cryptocurrency: TRUMP and BODEN Tokens Surge

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As the 2024 US presidential election approaches, memecoins named after Donald Trump (TRUMP) and Joe Biden (BODEN) are experiencing significant fluctuations, reflecting their popularity and potential as prediction markets. The Trump-inspired TRUMP token has recorded a notable increase of 242.9% in a month and 17.9% in a week, while the Biden-inspired BODEN token surged by […] Source

Navigating the Wormhole Airdrop: Defi’s Next Big Token Drop Explained

Wormhole, a platform fostering blockchain interoperability within decentralized finance (defi), has unveiled plans for an airdrop of its proprietary token, W. The initiative is part of the protocol’s broader aim toward progressive decentralization, rewarding dedicated users and developers within the Wormhole ecosystem. Wormhole to Airdrop W Token to Advance Defi Interoperability Wormhole, a facilitator of […] Source CryptoX Portal

Russian economist sees bleak future for Bitcoin with the rise of digital ruble

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Alexander Razuvaev, a notable Russian economist and member of the supervisory board of the Guild of Financial Analysts and Risk Managers, recently made predictions concerning the future of Bitcoin following the onset of a Russian CBDC.  The economist argued that the emergence of digital currencies, such as the digital ruble and other central bank digital currencies (CBDCs), would lead to a significant decrease in their value. Despite this, Razuvaev clarified that cryptocurrencies would not disappear entirely but would become less prominent. Razuvaev highlighted the current state of the cryptocurrency market…

Bitcoin Trade That Gave Bankman-Fried His Millions Returns in South Korea

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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…

21Shares hits $5b AUM milestone as ETF mania intensifies

21Shares AG, the world’s largest issuer of cryptocurrency exchange-traded products for the global market, has reached a milestone of over $5 billion in assets under management. Per sources close to the matter, 21.co, the parent company of 21Shares, now sees 21Shares accounting for $3.1 billion of its total assets under management (AUM). The Swiss firm 21Shares, established in 2018 by Hany Rashwan and Ophelia Snyder, launched the first crypto exchange-traded product with the goal of removing the hassle of investing in cryptocurrencies and blockchain technology. In February, 21Shares and ARK…