Month: April 2024

GBTC Drops Nearly 3,000 BTC in a Day as Blackrock, Fidelity Command Record Inflow Streaks

Recent market data highlights that spot bitcoin exchange-traded funds (ETFs) in the United States experienced a net outflow of $223.8 million on April 8, while Grayscale’s Bitcoin Trust (GBTC) saw a substantial outflow of $303 million. GBTC Continues to Face Steep Outflows As of yesterday, GBTC possessed 325,686.78 BTC, but as per Grayscale’s website, this […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Congressman advocates for US leadership in Bitcoin innovation

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U.S. Congressman Patrick McHenry believes the United States should lead the charge in Bitcoin innovation. At the recent Bitcoin Policy Summit in Washington D.C., McHenry (R-NC) described Bitcoin as a bastion of freedom and an unstoppable piece of technology, emphasizing the failure of even stringent regimes, such as the Chinese communist party, to halt its progress. “This is where the action is, this is a bastion of freedom […] Every regime that has tried to shut it down has failed,” he said. Known as an advocate for financial innovation, McHenry…

How Nuklai Is Fueling the Next Wave of Artificial Intelligence – Matthijs de Vries

Nuklai is a collaborative marketplace and infrastructure provider for data ecosystems. It is also a reservoir for community-driven data analysis. Nuklai brings data editors and the datasets of successful modern businesses into one ecosystem. Matthijs de Vries is the Founder and CEO of Nuklai. He recently joined the Cryptox.trade News Podcast to talk about the […] Source CryptoX Portal

Republican Sen. Tillis Calls for ‘Light’ Crypto Regulatory Framework Ahead of Presidential Election

“I, for one, would like to look at the possibility of working with [the Treasury Department] to address some of the things in your punch list that we agree with, so that we may be able to get regulations on the books in this Congress that will certainly not go as far some of my colleagues on the other side of the aisle want to go, but [will be] far short of the wild, wild West that we find ourselves in now,” Tillis said. Source

Bitcoin To $150,000 Is “Programmed” With Halving Approaching: Analyst

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With Bitcoin ripping higher and closing in on breaking all-time highs, one analyst on X thinks $150,000 post-halving is “programmed.” The analyst remains upbeat in a post, highlighting several fundamental developments that could drive the world’s most valuable coin to new valuation and more than 2X from spot rates.  Currently, the path of least resistance remains northward. Buyers have shaken off the bears of the past trading month, finding anchor from the March 20 bull bar. On April 8, the coin soared above the key liquidation level at around $71,800. Bitcoin has…

Crypto Will Erupt as Big Issue in U.S. Senate Races Including Banking Chair Brown’s

Crypto skeptic Sen. Sherrod Brown (D-Ohio), whose Democratic Party currently controls the Senate, is the chairman of the Banking Committee and has been reluctant to allow digital assets regulatory bills to move through the panel, despite some progress in the House of Representatives. In Ohio’s general election, he faces Republican challenger Bernie Moreno, an Ohio businessman and crypto enthusiast who founded a blockchain startup, and Lummis – a member of Brown’s committee – predicted on Tuesday that digital assets could be front and center in this matchup. Source

Is Bitcoin Headed For A Crash? Analysts Cite Possible Downtrend

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Investors in the cryptocurrency space are eagerly awaiting the halving of Bitcoin in order to fuel future market growth. However, top cryptocurrency expert and trader Benjamin Cowen cautions that if the price of BTC follows a previous pattern, there may be a correction. Bitcoin Halving Could Impact Price Negatively Cowen has highlighted a trend that could potentially lead to a significant decline in the crypto asset’s price when the Bitcoin halving event commences, which suggests that BTC could be poised for a decline in the coming days. According to Cowen,…

Venture Firm A16z Releases Jolt, a ‘Zero-Knowledge Virtual Machine’

But that’s not the only way Lazzarin thinks a16z’s research initiatives can help advance the firm’s bottom line. The code for Jolt has been open-sourced, meaning anyone can theoretically use or repurpose it without paying a16z. “Because we’re long-term investors, we don’t trade day-to-day, week-to-week, or even month-to-month,” said Lazzarin. “We benefit most if the space advances fastest over the next five to 10 years, and so our incentive is purely to advance everyone through public goods that we will never monetize.” Source