Month: March 2024

Binance.US Not Being Totally Forthcoming, SEC Complains in New Filing

“Moreover, discovery has revealed that BHL can at least effect transfers of BAM’s crypto assets from customer deposit wallets to hot wallets when transfers get ‘stuck’ while using the PNK system. BAM’s Head of Clearing, Tao Zhang, testified that he routinely reaches out to a chat group involving BHL employees that he calls the ‘BHL wallet team’ when BAM’s clearing team has ‘technical issues’ with respect to asset movement,” the filing said. Source

The Ethereum Foundation Is Selling ETH Again, Is The Top In?

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The Ethereum Foundation, a non-profit organization, has initiated an unexpected ETH sell-off to a single address, prompting speculation about a potential market peak.  Ethereum Foundation Executes Multiple ETH Transfers On Monday, March 4, Blockchain analytics platform LookOnChain revealed a series of transactions executed by a wallet address related to the Ethereum Foundation. Sharing a screenshot of the transaction details on X (formerly Twitter), LookOnchain disclosed that the Ethereum Foundation had initiated three ETH transactions to a single wallet address identified as “Cumberland Forwarder”.  Among these transfers, two involved selling off…

Grayscale fields crypto staking ETF

Grayscale is offering an investment vehicle focused on specific proof-of-stake network tokens as it awaits an SEC verdict on its spot Ethereum ETF application.  Grayscale Advisors LLC, a subsidiary of the firm behind the most significant spot Bitcoin (BTC) ETF, introduced its latest product to capitalize on staking rewards amid a boom in the crypto market and surging staking ratios on blockchains like Ethereum (ETH). The Grayscale Dynamic Income Fund (GDIF) invests in proof-of-stake (PoS) native tokens to generate yield and distribute this income to investors per quarter.  Staking is…

Bitcoin’s Leap Beyond Its Former Price Record Signals New Positive Market Cycle, Says Chainlink’s Sergey Nazarov

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Having achieved its highest value ever on March 5, 2024, precisely at 10:03 a.m. Eastern Time (ET) on Tuesday, the price of bitcoin has declined by more than 11% against the greenback at 3:00 p.m. ET. Currently, bitcoin boasts a global trading volume of $52.34 billion, contributing to the total $275 billion exchanged throughout the […] Original

Dogwifhat (WIF) Listing On Binance Boosts Price 25% To New ATH

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Binance just announced the listing of Dogwifhat (WIF), the Solana-based coin climbing up in the memecoins ranking. The price of the dog-themed coin positively reacted to the announcement news and reached a new all-time high. WIF Now Trading On Binance Today, Binance announced the highly anticipated listing of Dogwifhat. WIF has been experiencing a crazy bull run the past few weeks that has catapulted the coin even higher after the memecoin frenzy that started over the weekend. The hat stays on, on #Binance$WIF will be live for trading at 14:00…

BTC Soared to an All-Time High. So Why Aren’t Bitcoin Miners Blasting Off, Too?

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Bitcoin soared after the last halving in May 2020, and miners joined in. At the time, there weren’t many large-scale miners. This time around, though, the market is crowded with many large-scale miners, who will compete for bitcoin rewards that will be cut to 3.125 from 6.25 bitcoin. On top of that, the difficulty of mining a block has also risen to an all-time high, which will make things even tougher post-halving. Original

Bitcoin traders liquidate $142m an hour after hitting $69k

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Traders liquidated their profits as soon as Bitcoin reached its all-time high today, withdrawing over $142 million in an hour.  The leading cryptocurrency reached its all-time high of $69,000 today after rallying over 50% throughout February. Today marked Bitcoin’s highest price since November 2021, just a month away from the impending coin’s halving. According to spot market data, traders did not wait to cash in on profits, as more than $142 million was swapped for USDT on Binance alone. This indicates that short-term traders feared a correction, as the market…

If Bitcoin Clears $70,000, How Fast Will Ethereum Ease Past $5,000?

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As Bitcoin surges towards its all-time high (ATH) of nearly $70,000, analysts are closely watching Ethereum, the world’s second-largest cryptocurrency, wondering how quickly it will follow suit and break its record ATHs of approximately $5,000 printed in late 2021. How Will Ethereum React When Bitcoin Breaks Above $70,000? One analyst, posting on platform X, highlights the difference in the two coins’ positions compared to the last time Bitcoin broke above 2017 highs of $20,000 in December 2020. Then, Ethereum was trading at $600, a full 57% below its previous ATH of about…

Here’s how ADA Could Reach $1 Again

Cardano’s price hit a 2-year peak of $0.78 on Mar. 5, which saw ADA’s weekly timeframe gains exceed Solana’s performance.  Cardano and other altcoins have been on a tear over the past week, while Bitcoin’s dominance (BTC.D) slipped into a downtrend. On-chain analysis examines how the rapid growth of Cardano’s defi ecosystem could help ADA prices capture more value in the coming days.  ADA price has outperformed SOL in the past week Bitcoin has grabbed most of the media headlines in March 2024 so far. However, Bitcoin dominance over the…