Spot Bitcoin ETF approval changes nothing, analysts at ECB insist

European Central Bank analysts refute Bitcoin’s value despite the recent spot ETF approval, citing its unsuitability for payment and investment, and advocate for stricter regulations. The recent approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) changed nothing as the crypto’s fair value “is still zero,” Ulrich Bindseil, director general of market infrastructure & payments, and Jürgen Schaaf, adviser in market infrastructure & payments at the European Central Bank, said in a recent blog post. Refuting Bitcoin’s claims of being a global decentralized digital…

Apecoin Climbs To 6-Month High Amidst Whales’ Strategic Moves

Apecoin (APE) is experiencing a rollercoaster ride in 2024. After plummeting to an all-time low of $1.01 in October 2023, the Bored Ape Yacht Club governance token has experienced a dramatic turnaround, buoyed by strategic whale buying and a recent partnership with the Arbitrum network. However, with a 13% pullback in the past two days and lingering profit-taking concerns, questions remain about whether the bulls can defend key support levels and push the price back towards its former glory. At the time of writing, APE was flashing green, trading at…

French Football Team PSG to Become First to Run a Blockchain Validator

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Solana phone pre-orders hit 100k, GFOX presale nearly sold out 

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. It is a painful time to be sidelined in stablecoin and a great time to be a crypto owner. Institutional appetite is roaring for exposure. Bitcoin (BTC) ETF inflows remain constant, and even crypto-native hardware is experiencing and enjoying product market fit.  Solana’s (SOL) phone pre-orders hit 100K as new memecoins flourish. The Galaxy Fox (GFOX) presale is nearly sold out, and mounting demand for crypto ownership across the board implies…

Top 6 Altcoins That Will Benefit From Ethereum’s Dencun Upgrade

As the Ethereum ecosystem braces for the much-anticipated Dencun upgrade, renowned crypto analyst Miles Deutscher provides an in-depth look at the altcoins poised for significant growth. Scheduled for March 13, the Dencun upgrade is a critical hard fork aimed at enhancing Ethereum’s scalability, security, and usability. Deutscher’s insights reveal how specific Layer 2 (L2) solutions are uniquely positioned to benefit from the upgrade’s introduction of Proto-Danksharding and other key enhancements. Deutscher explains, “The Dencun upgrade, especially with EIP-4844, represents a paradigm shift in how Ethereum will handle transactions. By drastically…

Citrea secures $2.7m seed investment to develop ZK-rollup for Bitcoin

Citrea, a project focused on integrating zero-knowledge rollups with Bitcoin, has raised $2.7 million in a seed round led by Galaxy Ventures, part of Galaxy Digital. The investment marks a significant step towards enhancing Bitcoin’s capability to support a wider range of applications, notably in decentralized finance (defi) and non-fungible tokens (NFTs). Chainway Labs, the blockchain infrastructure company behind Citrea, announced on Feb. 2 that the funds raised would be instrumental in bringing the project to market. Citrea is distinguished as the first rollup technology to expand Bitcoin blockspace using…

Texas Bitcoin mining firm sues SEC for overreach on crypto

A Texas crypto firm and industry group sued the SEC, disputing its authority over exchange-traded crypto, aiming to classify them as non-securities. In a legal maneuver against the U.S. Securities and Exchange Commission (SEC), a Texas-based crypto mining firm called Lejilex and the Crypto Freedom Alliance of Texas (CFAT) initiated legal action, Reuters reports, citing the lawsuit. Both are challenging the SEC’s purported authority in the crypto domain, contending that the regulatory body lacks a definitive legal mandate. Lejilex aims to establish Legit.Exchange, a crypto trading platform, intending to list…

Bitcoin (BTC) Prices Back Over $51K, MATIC Leads Majors Drop; Nvidia Earnings Reignites AI-Token Rally

Bitcoin (BTC) fell to as low as $50,700 late Wednesday, while ether (ETH) dropped just under $2890 before reversing some losses. Polygon’s MATIC led losses among crypto majors, slipping 7%, while Cardano’s ADA and XRP were down as much as 5%. Meanwhile, the CoinDesk 20 Index (CD20), a benchmark for the biggest and most liquid cryptocurrencies, dropped 1.2%. Source