Month: April 2024

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

The Market Disruptor With 75% Uptrend, Outshining Top 100 Cryptos

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Amid a widespread price correction affecting the majority of the top 100 cryptocurrencies, one digital asset has defied the trend, surging to impressive heights. Nervos Network, along with its native token CKB, has not only recorded significant gains but has also climbed to the 79th rank in the market, raising questions about the factors behind its surge. Nervos Network Decoded Nervos Network is a proof-of-work (PoW) Layer 1 (L1) blockchain designed to optimize application-specific Layer 2 chains. The network aims to establish its native asset, CKB, as a more sustainable…

Coinbase (COIN) Seeks to Take Core Question in U.S. SEC Case to Higher Court

Investment contracts are securities regulated by the SEC, so if a crypto transaction qualifies, it belongs in the agency’s jurisdiction and should be properly registered under the law. The regulator has argued before lawmakers and courts that the vast majority of digital assets are securities, but Coinbase and others from the industry contend that once the asset hits secondary markets and is no longer connected to the business that issued it, the token is beyond the SEC’s legal reach. Answering this dispute would be fundamental for the U.S. crypto sector.…

Mysten Labs Announces Suiplay0x1, a Web3 Enabled Gaming Handheld

Mysten Labs, the company behind the development of Sui, a proof-of-stake blockchain project, has announced it is working on developing Suiplay0x1, a Web3-enabled gaming handheld. The organization did not reveal hardware specs but did state that the device would be able to run several app stores at once thanks to Playtron’s Playtronos, a device-agnostic gaming […] Source CryptoX Portal

PEPE Preparing For A 54% Move? Analyst Thinks So

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An analyst has explained how a PEPE daily close outside of a certain price range could lead its value to go on a rally of 54%. PEPE Symmetrical Triangle May Hint At The Next Move For The Memecoin In a new post on X, analyst Ali discussed the recent trend forming in the PEPE price. According to the analyst, the memecoin is currently forming a symmetrical triangle pattern on its one-day chart. The “symmetrical triangle” here refers to a pattern in technical analysis (TA) that, as its name suggests, looks…