Tag: Million

Bitcoin Flash Crash Washes Out 81,000 Crypto Traders For Over $220 Million

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Bitcoin has started out the new week on a rather bearish note after a flash crash sent the price below $69,000 once more. There has since been some recovery in the price of the largest cryptocurrency in the space. However, the damage has already been done as tens of thousands of crypto traders were flushed out of their leveraged positions as a result. 81,000 Crypto Traders Lose $220 Million The Bitcoin flash crash hit support just above $68,800 but crypto traders are already feeling the brunt of the large move.…

Venom Blockchain Debut In Abu Dhabi Sparks Massive User Surge, Exceeds 1 Million In A Day

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With the growing adoption of blockchain technology in various digital asset infrastructures, a team from Abu Dhabi, known for its wealth from the oil industry, has made a significant entry into the space with the launch of the Venom Blockchain.  Venom Blockchain Market Cap Soars Venom operates as a foundational Layer 0 blockchain network, equipped with dynamic sharding and a proof of stake (PoS) consensus method. Designed to offer a scalable and efficient infrastructure, this advanced blockchain platform is tailored for the development of diverse products. It seamlessly bridges governmental…

Venom Blockchain Launch Triggers Huge Surge In User Adoption, Surpassing 1 Million In A Single Day

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With the growing adoption of blockchain technology in various digital asset infrastructures, a team from Abu Dhabi, known for its wealth from the oil industry, has made a significant entry into the space with the launch of the Venom Blockchain.  Venom Blockchain Market Cap Soars Venom operates as a foundational Layer 0 blockchain network, equipped with dynamic sharding and a proof of stake (PoS) consensus method. Designed to offer a scalable and efficient infrastructure, this advanced blockchain platform is tailored for the development of diverse products. It seamlessly bridges governmental…

Bitcoin Miner Bitdeer Seeks $100 Million for Mining Capacity Expansion

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Bitcoin miner Bitdeer is reportedly in discussions with private credit firms to secure $100 million in funding to expand its mining capacity. It is believed that the cryptocurrency miner has engaged a financial adviser to assist with the negotiations. Negotiations Between Bitdeer and Lenders Continue The cryptocurrency mining firm Bitdeer Technologies Group is reportedly seeking […] Original

US Spot Bitcoin ETFs Rebound With $418 Million Inflow

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On Monday, the U.S. spot bitcoin exchange-traded funds (ETFs) experienced their first positive inflows, breaking a streak of five consecutive days of outflows totaling $887.6 million. The momentum continued into Tuesday, with the ETFs amassing $418 million in inflows, building on the $15.4 million gained the previous day. Bitcoin ETFs’ Fortunes Flip The week prior […] Original

Spot Bitcoin ETFs record recovery, cups $418 million intraday inflows

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Spot Bitcoin ETFs have witnessed a recovery this week as the crypto market rebounds, accruing inflows worth $418 million on March 26. Data from investment management firm Farside Investors confirms that the ETF market is leveraging the latest Bitcoin (BTC) resurgence. Notably, the $418 million inflows represent the highest amount of capital flows into these products since March 13. Individual performances show the Fidelity Wise Origin Bitcoin (FBTC) outperformed BlackRock’s iShares Bitcoin Trust (IBIT) for the second consecutive day this week, having attracted the highest inflow on March 26, amounting…

0G Raises $35 Million to Fuel AI Integration in Web3 Ecosystem With Modular Innovation

On March 26, 2024, the Web3 modular infrastructure startup 0G secured $35 million in funding from over 40 strategic backers. Representing “zero gravity,” 0G is dedicated to enhancing infrastructure scalability through modular design. Its primary focus is on addressing the essential challenges necessary for the deployment of onchain artificial intelligence (AI) solutions within the Web3 […] Source CryptoX Portal