Day: April 3, 2024

ARK 21Shares Bitcoin ETF (ARKB) Logs $88M Outflows, Surpassing GBTC for First Time

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Bitcoin investors in Asia face volatility over automated ETF trading bots

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Asia-based Bitcoin investors face market volatility as automated trading bots react to data from U.S. Bitcoin ETFs, potentially influencing market swings. In Asia, Bitcoin investors are navigating through turbulent market swings, allegedly influenced by automated trading bots reacting to data coming from spot Bitcoin exchange-traded funds (ETFs), Bloomberg reports, citing crypto executives. Arbelos Markets president Shiliang Tang, acknowledged the significance of automated bots, saying from an algorithmic trading perspective, bots “can basically auto-scrape this data and buy and sell based on this.” “It seems that’s basically what is happening.” Shiliang…

KNINE Listed On Major Exchange After 50% Drop

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Shiba Inu’s Layer-2 blockchain, Shibarium, is experiencing a shot of optimism amidst a bearish crypto market. K9 Finance (KNINE), a project aiming to become the go-to platform for liquid staking derivatives (LSD) on Shibarium, has secured a listing on BitMart, a major cryptocurrency exchange. This move, coupled with the upcoming launch of the K9 Finance dApp, is seen as a potential catalyst for growth within the Shibarium ecosystem. K9 Finance offers functionality similar to Lido Finance on Ethereum. Lido allows users to stake their Ethereum (ETH) while receiving Lido Staked…

Bitcoin Cash’s bull run contrasts trends as InQubeta gains ground

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin Cash soars with over 100% growth, while InQubeta’s AI-driven crypto presale raises $12.9 million, indicating investor confidence in tech-forward investments. Analysts believe that buying up Bitcoin Cash (BCH) is a good crypto investment these days as its price has now surged by over 103% in the past month and by over 32% in the past week despite most top crypto coins posting losses during the period.  InQubeta (QUBE)…

Arkon Energy Strikes Deal With Bitmain for 27,700 Bitcoin Mining Rigs

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On Tuesday, the Ohio-based bitcoin mining and colocation company Arkon Energy announced its procurement of 27,700 bitcoin mining rigs from Bitmain, equaling a hashpower of 6 exahash per second (EH/s). Ohio’s Arkon Expands Mining Fleet With 6 EH/S Boost From Bitmain Arkon Energy has revealed its acquisition of 27,700 bitcoin application-specific integrated circuit (ASIC) mining […] Original

Argentina Makes Registration of Crypto Exchanges Mandatory

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The government in Argentina has mandated the registration of cryptocurrency exchanges and other companies in the sector by creating a registry of virtual asset service providers (VASP). The regulations came when the country’s President, Javier Milei, was seen as a proponent of cryptocurrencies but is now facing criticism. Argentina moved forward with the new cryptocurrency regulations on March 14 as the country’s senate approved modifying laws around anti-money laundering (AML) and combatting the financing of terrorism (CFT). “Javier Milei makes his first major mistake,” tweeted Max Kieser, a Bitcoin proponent…

XRP Price Near Crucial Juncture, Can Bulls Take A Stand?

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XRP price is struggling below $0.620. The price must stay above the $0.5680 support to attempt a fresh increase in the near term. XRP is slowly moving lower from the $0.6620 resistance zone. The price is now trading below $0.620 and the 100 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.600 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could gain bearish momentum if there is a close below the $0.5680 support. XRP Price Faces…