Day: April 4, 2024

Must Rally 70% To Reconquer $1 Peak

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The price of XRP, the native token used on RippleNet for cross-border payments, has remained stubbornly below the coveted $1 mark for months. This, despite a broader cryptocurrency bull run that began roughly six months ago. While some analysts predict a swift surge to bridge the gap, others remain cautious due to ongoing legal battles and a volatile market. Currently, XRP hovers around $0.59, a significant distance from the $1 many investors had hoped for. The token has experienced significant volatility in recent months, oscillating between $0.50 and $0.65. A…

ICO joins global data protection and privacy enforcement programme

The Information Commissioner’s Office (ICO) has signed onto a new international multilateral agreement with the Global Cooperation Arrangement for Privacy Enforcement (Global CAPE) to cooperate in cross-border data protection and privacy enforcement. As part of the Global CAPE, the ICO will be able to provide assistance with investigations and share information with member countries without having to enter separate memorandums of understanding with each nation. Global CAPE members include the United States, Australia, Canada, Mexico, Japan, the Republic of Korea, the Philippines, Singapore, and Chinese Taipei.   The ICO’s association…

Bitcoin Cash, Jupiter, and KangaMoon lead April’s altcoin rally

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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. April’s crypto spotlight shines on Bitcoin Cash, Jupiter, and KangaMoon, three altcoins poised for potentially significant growth. With Bitcoin Cash’s bullish trend, Jupiter’s aim for new highs, and KangaMoon’s rapid presale progress, investors have exciting opportunities to diversify their portfolios. Bitcoin Cash (BCH), Jupiter (JUP), and KangaMoon (KANG) are three top altcoins offering an alternative income source beyond traditional earnings. Bitcoin Cash’s price particularly stands out with its recent…

Bitcoin long-term holders sell as new investors enter

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Long-term Bitcoin (BTC) holders have started selling their holdings to a wave of new investors, sparking a fresh surge in the cryptocurrency’s price and realized capitalization. Per an April 2 analysis report from Glassnode, Bitcoin’s recent rise in price discovery above new all-time highs has tempted holders who were already high into profits to distribute to a fresh investor cohort. Glassnode employs the Realized Cap metric, which logs the transaction price for each Bitcoin to determine the proportion of holders making a profit or a loss. The metric has reached…

Leading Bitcoin miners witness dip in 2024 production, CryptoQuant says

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Bitcoin mining giants, including RIOT Platforms and Marathon Digital, experience a production decline in 2024, while CleanSpark stands out with growth. As Bitcoin‘s fourth halving approaches, Bitcoin mining giants are grappling with a decline in production as the market faces intensified competition and lowering fees. Recent findings from CryptoQuant’s research report reveal that the largest crypto mining firms like RIOT Platforms, Core Scientific, Bitfarms, and Marathon Digital have all witnessed a slump in BTC production in 2024. This decline is attributed to a confluence of factors, including reduced transaction fees…

Are ETF Outflows An Issue?

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On Tuesday, the crypto market was off guard when Cathie Wood’s ARK 21Shares spot Bitcoin ETF (ARKB) experienced a significant outflow. This marked the first time since the introduction of spot Bitcoin ETFs in the United States that one of the “Newborn Nine” surpassed the outflows of Grayscale’s Bitcoin Trust (GBTC). On April 2, ARKB saw outflows of $87.5 million, approximately 1,300 BTC, as reported by Farside Investors, while Grayscale recorded a daily outflow of $81.9 million. This event marked a notable shift in the Bitcoin market dynamics, raising concerns…

Wormhole’s W Token Yields a 999%-a-Week Return on Solana Protocol Kamino

Wormhole allows users to transfer tokens between different blockchains, such as Ethereum, Solana, Terra and others. The token was among the most anticipated this year because Wormhole remained one of the few major protocols that did not offer a token. The W price has dropped almost 30% in the past 24 hours, CoinGecko data shows. The CoinDesk 20 Index, a measure of the broader crypto market, has lost 1.24%. Source

Bitcoin and Ethereum investors flock to new entrant Fezoo

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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. As Bitcoin and Ethereum navigate a bullish market, Fezoo steps into the spotlight, offering investors a promising alternative in the dynamic world of cryptocurrency exchanges. Fezoo is drawing attention from investors keen on exploring new opportunities in the midst of the Bitcoin and Ethereum bull run. Its potential and the ongoing presale are capturing the interest of the crypto community. Bitcoin’s recent struggles While recently Bitcoin has been struggling,…