Month: March 2024

Bitcoin Blockchain Layer-2 Project BVM Gains Traction With Promise of ‘Juicy’ Airdrops

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Stifel Resumes Galaxy Digital Coverage With a Buy Rating

“The company offers an asymmetric return profile with significant principle exposure to bitcoin (BTC) and ether (ETH); a diverse group of revenue-producing businesses across trading, investment banking and asset management; and longer-term outsized growth potential through its infrastructure solutions arms, which focuses on core technologies that power decentralized networks,” analysts Bill Papanastasiou and Suthan Sukumar wrote. Source

Bitcoin Mining Difficulty Hits Unprecedented Levels

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The winds of change are blowing through the Bitcoin landscape. On March 14th, 2024, the network witnessed a monumental shift – mining difficulty skyrocketed to a record-breaking 84 trillion hashes. This unprecedented challenge coincides with another significant event on the horizon: the Bitcoin halving slated for April. According to BTC.com, the rate has risen by nearly 5.80% since the previous modification. The mining hashrate for the original coin has also peaked, indicating that more people are now participating in the mining process. At present, the value stands at 617 EH/s.…

Ex-Swiss bank director discusses the future of Bitcoin ETFs after record-breaking trading day

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Bitcoin ETFs shattered records with a 14,261 bitcoin purchase on March 12, as a former Swiss Bank Director shed light on the changing Bitcoin ETF investment scene. On March 12, net spot Bitcoin ETF inflows surpassed $1 billion, with Blackrock’s IBIT product reaching a record $849 million inflow and exceeding 200,000 BTC in assets under management, as per reports. The latest surge in trading activity eclipses the initial enthusiasm seen at the ETFs’ inception and establishes a new market engagement benchmark. In a March 14 interview with Crypto.news, Clive Thompson,…

ETH nears $4,000 as Kelexo presale ignites post-BTC halving buzz

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. Ethereum (ETH) approaches $4,000, while Kelexo (KLXO) presale excites investors, potentially soaring post-bitcoin halving. Investors enjoying this period most likely have significant holdings of Ethereum (ETH) or Bitcoin (BTC). Both coins have been performing excellently since the middle of February and look set to break records. As they continue to grow, so does their appeal and the…

ADA Price Prediction – Here’s Why Cardano Could Pump Again Above $0.75

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Cardano (ADA) is correcting gains from the $0.80 resistance zone. ADA could start a fresh increase if it stays above the $0.6880 support zone. ADA price is slowly moving lower from the $0.80 zone. The price is trading below $0.720 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $0.6880 on the 4-hour chart of the ADA/USD pair (data source from Kraken). The pair could attempt a fresh increase if the bulls remain active above the $0.680 support. Cardano Price…