“Bitcoin doesn’t operate in a vacuum,” and its price is affected by other influences, such as macro factors, Coinbase said. The report noted that much of bitcoin’s outperformance after the previous halving in May 2020 came in an “environment with extraordinarily loose monetary policy and historically strong fiscal stimulus in response to the Covid-19 pandemic.” Original
Bitcoin (BTC) has staged a sharp recovery rally after finding crucial support, providing relief for crypto bulls. The world’s largest cryptocurrency is back above $67,000 at the time of writing, regaining ground after the recent selloff. Riding bullish sentiment of its own is the Green Bitcoin (GBTC) project, which has now raised over $7 million […] Original
Crypto exchange Coinbase has announced its plan to launch futures trading products for Dogecoin, Litecoin, and Bitcoin Cash, potentially as early as April 1. The latest move was detailed in three separate communications to the United States Commodity Futures Trading Commission (CFTC) on March 7. Through the initiative, Coinbase Derivatives aims to offer cash-settled futures contracts for these cryptocurrencies on its platform, possibly before obtaining formal approval from the CFTC. The exchange plans to utilize a “self-certification” process, asserting that the futures contracts will comply with regulatory standards set by…
Polygon’s Napoli hard fork, incorporating the RIP-7212 upgrade, marks a significant advancement in interoperability with mainstream tech by introducing support for the elliptic curve digital signature algorithm commonly used across the internet. The upgrade also aligns with Ethereum’s recent Denchun hard fork improvements, enhancing block space efficiency, limiting self-destruct opcode scope, and reducing memory copying […] Source CryptoX Portal
On Wednesday, markets started to slide in early Asian hours amid profit-taking from last week’s rally and a flush of levered bets on higher prices. Overall capitalization dropped over 15% in the past week, as reported, with some traders stating that bitcoin showed signs of a technical downtrend – which indicated further losses in the offing. Original
Within the last 24 hours, the market witnessed a significant rally in the Bitcoin price, which soared by 10% from a daily low of $60,805 to a peak of $68,250. This remarkable price movement can be attributed to several key factors, including yesterday’s Federal Open Market Committee (FOMC) meeting, a notable change in the Coinbase Premium, and Bitcoin’s technical breakout from a downtrend channel. #1 FOMC Meeting: Dovish Remarks By Jerome Powell Fuel Optimism As reported yesterday, the macro environment came back into focus for Bitcoin and crypto following the…
Alexey Pertsev, a developer for Tornado Cash, has reportedly been indicted by prosecutors in the Netherlands. They accuse him of laundering $1.2 billion. Pertsev’s attorney confirmed the prosecutors’ intent to charge his client. According to Dutch prosecutors, while a crypto-mixing service is not “inherently illegal,” using it to launder criminal assets is punishable. Dutch Prosecutors […] Source CryptoX Portal
The Solana ecosystem has achieved a significant milestone by becoming the most popular blockchain ecosystem of the year. This is due to its ability to capture nearly half of the world’s crypto investor interest in the chain-specific theater. Together with the outstanding performance of native meme coins like dogwifhat and important ecosystem project tokens like Pyth, Solana’s comeback to 2021 peaks show a revived faith in the network. Solana’s Dominance: Coingecko Study Insights According to a study by Coingecko, as a result of Solana’s nearly 50% share of global chain-specific…
The futures term structure is usually upward sloping, as contracts with a more extended expiry time trade at a premium to short-duration ones. That said, when the spread becomes too large, it’s a good indicator of speculative sentiment, according to Griffin Ardern, head of options trading and research at crypto financial platform BloFin. Original
3fn, B’s partner in the TREMP project, explains that these meme tokens use Solana because of its low transaction fees, fast speeds, and community. Ethereum won’t work because of its high fees – something that was the genesis for Solana and its competitors in the first place. Source