Month: April 2024

Capital inflows into spot Bitcoin ETFs total $31m

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On April 23, net daily capital inflows into spot Bitcoin ETFs totaled $31.64 million. According to SoSo Value, despite the decrease in asset inflows from $62 million on April 22 to $31 million on April 23, a positive trend has continued for the third trading day. During this period, Bitcoin funds received $153.29 million from inflows. Source: SoSo Value A day earlier, BlackRock‘s iShares Bitcoin Trust (IBIT) crypto fund took first place in capital inflow. It added $37.92 million to its balance sheet, bringing funds under management to $15.48 billion.…

Analysts Identify Key Scenario For Bitcoin Hitting $100,000

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Prior to the Bitcoin Halving event, BTC’s price saw considerable instability, but it has since rebounded, reaching the $66,000 level, triggering bullish predictions from top crypto analysts regarding the coin’s future path. Captain Faibik, a crytocurrency analyst and trader, has emerged with an intriguing prediction, underscoring a narrative that could potentially propel the price of Bitcoin to the coveted $100,000 mark in the upcoming months. Bitcoin Poised For A Notable Rally To $100,000  According to Captain Faibik, Bitcoin has managed to hold the $60,000 support level in the wake of…

Some Square Users Can Now Convert Their Dollars to Bitcoin Via Cash App

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The tool, called Bitcoin Conversions, will set eligible Square users up with a dedicated Cash App account programmed to receive 1% to 10% of their store’s revenues, which will then be converted on their behalf into BTC, which can then be held, sold or transferred “as they see fit.” The service will be limited to sole proprietors or single member LLCs until a full rollout to Square customers in the coming months. Original

Crypto coins to consider ahead of Bitcoin halving: TRX, SOL, KangaMoon

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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 the Bitcoin halving approaches, investors focus on promising cryptocurrencies like TRON, Solana, and the rapidly rising KangaMoon for significant growth opportunities. As the Bitcoin halving event draws closer, several investors are looking for promising cryptocurrency to invest in April. Three among those worth considering are TRON, Solana, and KangaMoon. While investors are still determining which to pick, these coins offer unique features and promising potential for growth. KangaMoon…

Renzo Restaked ETH Suffers a Brief Crash on Uniswap

“People sold ezETH on Uniswap, and they had lower liquidity, so the slippage caused the price to drop to below $700, which caused massive liquidation on [generalized leverage protocol] Gearbox and [lending protocol] morpho,” Hitesh Malviya, founder of crypto analytics platform DYOR, told CoinDesk. Source

Solana Market Cap Skyrockets $11 Billion As Price Jumps 17%

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Solana, like many Proof-of-Stake (PoS) cryptocurrencies, relies on a decentralized network of validators who secure the network by staking their SOL coins. In exchange for staking, validators earn rewards. However, as Solana’s price began its recent ascent, a noticeable decline in staked SOL was observed. This suggests that some validators are choosing to unstake their coins, potentially to capitalize on the price surge and book some early profits. Solana Market Cap And Price Soar Meanwhile, on Tuesday, Solana enjoyed a stellar day, surging 17% and adding over $11 billion to…

Crypto Custody Firm Fireblocks Offers DeFi Threat Detection for Institutions

“We’ve mapped out the user journey of a DeFi and Web3 trader,” Madar said in an interview. “Usually, it starts when you scan with your phone and connect to a dApp and are asked to start signing transactions. We put mitigations and detection mechanisms throughout this journey. For instance, we scan the transaction, we scan the counterparty, we try to make sense of the contract, and also offer transaction simulation, essentially giving you the bottom line of what you should be expecting.” Source

Bitcoin Payments App Strike Launches for European Customers

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Strike, a product of Chicago-based Zap Solutions that is led by entrepreneur Jack Mallers, launched in the U.S. in 2020. The app can be compared to Cash App or PayPal, two popular online payment systems, in that it lets customers send and receive money around the world. The difference is that Strike uses the Bitcoin blockchain to do so, making transfers faster and cheaper than other alternatives. Original