Day: June 5, 2024

Japanese Crypto Exchange DMM Bitcoin to Raise $320M to Repay Victims of Exploit

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Bitcoin Technical Analysis: BTC Bulls Target Upper Resistance Aiming for New Highs

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Bitcoin, priced at $70,875, has exhibited strong bullish trends within the last 24 hours, with intraday prices ranging from $68,819 to $71,339. The cryptocurrency boasts a market capitalization of $1.39 trillion and a 24-hour trade volume of $37.14 billion. Analyzing the 1-hour, 4-hour, and daily charts alongside oscillators and moving averages indicates continued positive momentum, […] Original

Exploring 2024’s best performing Bitcoin cloud mining platforms

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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. The top Bitcoin cloud mining platforms in 2024 offer passive and efficient solutions for cryptocurrency mining. 2024 will see the continued popularity of cloud mining as a way for people to mine cryptocurrencies passively without the need for costly gear or specialized knowledge. As the market develops, few platforms stand out as the leaders in offering dependable and lucrative cloud mining services. Here, we list the seven leading Bitcoin…

BNB Chain Ecosystem Heats Up as BNB Price Hits Record High Above $710

“BNB chain is perhaps the most underrated chain in all of crypto, partly due to some anti-Binance/BNB narratives being pushed in some quarters,” said a Floki developer identified only as B. “However, from a fundamentals perspective, the BNB chain is one of the best chains to build on: it is fast, scalable, and arguably the most used chain by the majority of the non-Western world.” Source

BNB Breaks Out Of Consolidation Zone, Uptrend Persist

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Recently, BNB (BNB) broke out of the consolidation area, indicating a potential significant upward trend. The fact that the token has risen beyond the $700 mark suggests that the market is recovering strongly and that traders and investors are becoming more optimistic. BNB has increased noticeably by 12% in the last 24 hours, carrying on its strong trend from the previous week and month. This breakout has drawn notice, and some analysts anticipate substantial gains if the bullish trend continues. BNB’s price was up by 3.56% as of the time…

Bitcoin ETFs record second-best inflow day since March, $886.6m added

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The U.S.-based spot Bitcoin exchange-traded funds (ETFs) have experienced their second-best-ever joint net inflow day, with preliminary data indicating an inflow of $886.6 million. According to data from Farside Investors, the Fidelity Wise Origin Bitcoin Fund (FBTC) led with an inflow of $378.7 million, followed by Blackrock’s Bitcoin ETF (IBIT) with $274.4 million. ARK 21Shares Bitcoin ETF (ARKB) was the third-best performer, bringing in $138.7 million in net inflows. Bitcoin ETF Flow (US$ million) – 2024-06-04 TOTAL NET FLOW: 886.6(Provisional data) IBIT: 274.4FBTC: 378.7BITB: 61ARKB: 138.7BTCO: 0EZBC: 0BRRR: 1.6HODL: 4BTCW:…

Tether invests over $18m in cross-border exchange startup XREX

Cross-border payments startup XREX has raised $18.75 million from Tether to expand use cases for USDT-based payments in emerging markets. XREX, a cross-border crypto exchange platform founded by Wayne Huang and Winston Hsiao, has raised nearly $19 million from Tether, the issuer of the USDT stablecoin, to double down on stablecoin cross-border business-to-business (B2B) payments in emerging markets. According to a press release on Jun. 5, the Taipei-headquartered firm plans to use $18.75 million to facilitate “compliant, USDT-based cross-border B2B payments in emerging markets, revolutionizing financial transactions by offering businesses…