Day: April 13, 2024

Bitcoin halving will resurrect GameFi ghosts of 2021

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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. As Bitcoin surges to unprecedented heights, casting a bullish shadow over the cryptocurrency market, a significant yet often overlooked sector poised to reap the benefits of this resurgence is GameFi. In the wake of the Bitcoin halving, the GameFi landscape stands at the precipice of a renaissance, with the potential to transcend the ghosts of its tumultuous past in 2021. The confluence of renewed investor confidence, technological…

TON Society Reveals Biometric Proof-of-Personhood Palm Scanning Program

TON Society announced a proof-of-personhood program targeting Telegram users, who can voluntarily scan their palms in exchange for benefits. The organization allocated 1 million TON for this initiative, distributed among 500 million participants in the next 5 years after completing their palm verification using Humancode’s artificial intelligence (AI) biometric tech. TON Society Announces Digital Identification […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Bitcoin, Altcoins Price Decline As Crypto Liquidations Approaches $900 Million In The Past Day

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The crypto market took an unexpected hit on April 12 as a spontaneous decline in the price of Bitcoin and prominent altcoins resulted in massive liquidations. The origin of this widespread price dip remains largely unknown, among a plethora of plausible reasons, including a recent price correction in the US stock markets. Almost $500 Million Liquidated In An Hour Amidst Crypto Flash Crash According to data from CoinMarketCap, Bitcoin slipped by 4.49% in the last day, falling as low as $66,052. As expected, BTC’s decline reverberated through the market, with…

Milei Moneda eyes 10x gains; analysts bullish on BCH and SOL

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Following its halving, Bitcoin Cash (BCH) surged 90%, and Solana (SOL) saw a 319% jump in DEX volume, while Milei Moneda (MEDA) prepares for a potential 10x increase with its unique NFT offerings. Two heavyweights have been commanding attention in the early months of 2024: Bitcoin Cash (BCH) and Solana (SOL). Joining this spotlight is Milei Moneda (MEDA), a rising meme coin. As these tokens continue to gain momentum,…

BlackRock’s IBIT continues to outperform amidst new ad launch

Asset management giant BlackRock’s iShare’s Bitcoin Trust (IBIT) recorded inflows of $192 million on April 11, according to data from Farside Investors. The spot Bitcoin ETF, currently holding 266,587 Bitcoin, significantly outperformed its competitors, with Bitwise’s Bitcoin ETF coming in second with only $11.1 million in inflows. Meanwhile, Grayscale’s Bitcoin fund saw outflows of approximately $125 million. A day before, on April 11, IBIT reached a volume of $300 million within the first 30 minutes of trading, ranking it among the top 10 ETFs in terms of volume. As of…

British Columbia cracks down on crypto miners, citing energy consumption

The Canadian government of British Columbia is advancing measures to regulate electricity consumption by cryptocurrency miners due to concerns about high energy use and limited economic benefits. On April 11, Josie Osborne, Minister of Energy, Mines and Low Carbon Innovation, stated that the province is addressing the high energy consumption associated with cryptocurrency mining in the region, which, she noted, generates minimal job and economic opportunities. According to the ministry, the legislative amendment would allow the government to prohibit or regulate the use of electricity by cryptocurrency miners. This is…

Analyst Predicts ‘Realistic’ 5x Surge To $3

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XRP, the native token of Ripple, has caught the attention of market analyst Mikybull who is calling for a potential 5x surge in the mid-term. This bullish prediction comes amidst recent struggles for XRP, which is currently grappling to maintain support above the $0.60 level. Mikybull bases his optimism on two key technical indicators: the two-year moving average (MA) and a symmetrical triangle formation on the two-month chart. XRP recently crossed above the two-year MA, a historical signifier of significant price increases according to the analyst. This pattern held true…

Pups meme coin surges amid Runes protocol anticipation

Bitcoin meme coin PUPS jumped by 55% in 24 hours amid the upcoming Runes protocol release. According to CoinMarketCap, the PUPS meme coin has surged nearly 55% in the past 24 hours, peaking at over $174 and currently sitting at $72. The market capitalization of PUPS stands at approximately $563.75 million, up 48.67% in 24 hours. Trading activity, with the volume over the past 24 hours increasing by 387.38% to reach $31.37 million. “Study pups. Study the first meme coin on the world’s oldest blockchain.” Ansem, crypto trader and advocate…

Deutsche Bank Survey: Over Half Expect Crypto to Become ‘Important’ Asset Class and Payment Method

A new Deutsche Bank survey found that over half of respondents expect cryptocurrencies to become an important asset class and a method of payment. In addition, 10% of respondents expect the price of bitcoin to be above $75,000 by year-end. Deutsche Bank’s Crypto Survey A recent Deutsche Bank survey of over 3,600 consumers, published this […] Source CryptoX Portal

$10.5 Trillion Asset Manager Blackrock’s Spot Bitcoin ETF Now Holds 270K BTC

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Blackrock, the world’s largest asset manager, shattered its record for assets under management (AUM), reaching a staggering $10.5 trillion. This financial behemoth also continues to dominate the U.S. spot bitcoin ETF market with its Ishares Bitcoin Trust (IBIT), which has amassed nearly 270K bitcoins. IBIT Has Amassed Nearly 270K Bitcoins Blackrock, the world’s largest asset […] Original