Day: April 2, 2024

Bitcoin flash crash explained: Causes and impacts

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A Bitcoin flash crash is an unexpected, sudden, and brief market crash in the price of BTC, typically caused by algorithmic trading programs. What is a flash crash in crypto? In the crypto market, a ‘flash crash’ occurs when a crypto asset experiences a huge sell-off then quickly rebounds in a short period. A Bitcoin (BTC) flash crash refers to a sudden and significant drop in the price of BTC. Such a crash occurred in October 2021, when the BTC price plummeted 90% from an all-time high of $67,000 on…

Crypto’s Biggest Exchanges Announce Plan To List Highly-Anticipated New Cross-Chain Altcoin Project

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The world’s largest crypto exchanges are gearing up to list a new cross-chain altcoin project for millions of traders worldwide. In a new announcement, Binance, the largest digital asset exchange in the world, says that the platform will support Wormhole (W) for spot trading starting Wednesday. Once launched for open trading, Binance says it will attach W coins with a seed tag that requires users to pass quizzes every 90 days to ensure they’re aware of the risks before trading the tokens. “Binance will list Wormhole and open trading for these…

Crypto Organizations Rally for Bitcoin Emoji, Seek 50,000 Signatures to Convince Unicode 

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Over 35 cryptocurrency entities, spearheaded by Nexo, have initiated a campaign to introduce a bitcoin emoji, uniting more than 170 million community members in the process. Campaign for Official Bitcoin Emoji Gains Momentum In a push for digital culture recognition, Nexo, alongside more than 35 cryptocurrency organizations, has launched a campaign aimed at securing a […] Original

Why Is This Analyst Super Bullish?

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Altcoins like Ethereum, Cardano, Solana, and the rest might be lower at spot rates. However, according to one analyst who sees a parallel in the current formation to the 2020 market cycle, they are gearing up for a potential surge.  In a post on X, the analyst says that often, after a period of accumulation and a retest of previous highs, altcoins tend to be volatile. The crypto analyst also notes that Bitcoin has pulled back from its all-time highs and is preparing for a possible retest of this level…

Milei Disappoints on Crypto Registration Rule

The new law means platforms and individuals who purchase, sell, send or trade cryptocurrencies must adhere to a registration process. While the regulation appears to have been left over by the previous government, the fact that it’s moved forward and has now become law under President Javier Milei is disappointing to those who imagined Latin America was going to get another bitcoin-friendly leader. Source

US Government Transfers Nearly $2B in Bitcoin to Coinbase, Arkham Data Reveals

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On April 2, 2024, the U.S. government executed a transaction involving nearly $2 billion in bitcoin (BTC), channeling the assets to Coinbase Prime, as Arkham Intelligence’s data reveals. The transfer comprised 30,174.70 BTC, successfully processed at block height 837,413, incurring a fee of $1.57. In recent years, the U.S. has accumulated a noteworthy collection of […] Original

Owner of Thailand’s Largest Cryptocurrency Exchange Set to Go Public in 2025

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Bitkub Capital Group Holdings, the owner of Thailand’s largest cryptocurrency exchange, reportedly plans to go public in 2025. Jirayut Srupsrisopa, the CEO of the holding company, revealed that Bitkub Capital Group is currently hiring financial advisers to assist with the listing. Enhancing Bitkub Capital Group’s Profile Bitkub Capital Group Holdings, the owner of Bitkub Online […] Source