Tag: Million

BTC To Reach $1 Million Amid Banking Turmoil

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Arthur Hayes, co-founder of BitMEX and a well-known figure in the crypto community, has made headlines with a bold prediction for Bitcoin (BTC). Hayes, recognized for his unique views of the crypto space, shared his thoughts on Bitcoin’s potential trajectory in light of the current financial challenges the New York Community Bank (NYCB) faces. NYCB, grappling with significant financial troubles, was reported by Bloomberg as having its credit rating downgraded to “junk” by Moody’s. Hayes interprets the bank’s struggle and the broader banking sector’s difficulties as indicators of systemic issues…

Coinbase-Backed DeSo SocialFi App Focus Raises $75 Million in One Week – Blockchain News, Opinion, TV and Jobs

Los Angeles, California, February 7th, 2024, Chainwire Key Takeaways Focus, the revolutionary new decentralized SocialFi app, raised $75 million in one week Focus rivals subscription platforms like OnlyFans and Patreon, a multi-billion-dollar industry Users can reserve with DESO, BTC, ETH, and more to earn a 90% bonus in $FOCUS tokens for a limited time Focus, a new decentralized SocialFi app built on the DeSo blockchain, has made waves in the crypto industry by amassing over $75 million in token reservations within its first week of launch. This unprecedented achievement not…

100 Million DOGE Floods Robinhood

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In a surprising turn of events within the cryptocurrency realm, Dogecoin (DOGE), the popular meme coin, experienced a frenzy in the broader crypto market. The cause of this excitement was a recent significant whale transaction that caught the attention of traders and investors globally. DOGE Whales: Surging Transfers, Market Speculations According to blockchain metrics highlighted by the tracker Whale Alert, a staggering 100 million DOGE, equivalent to $7.83 million, was observed on the move. This notable transfer from an unknown wallet, identified as …wwKF, to the renowned American financial services…

Massive $29.3 Million Whale Transfer Threatens XRP Price With More Sell Pressure

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The XRP price has yet to recover from the latest exploit, which resulted in Ripple’s co-founder Chris Larsen being hacked and 213 million XRP worth $120 million carted away. This seems to have further spooked a depleting whale account base, as on-chain data points to XRP whales already exiting their positions in the past few weeks.  Particularly, on-chain data from whale transaction tracker WhaleAlerts points to a recent transaction of 29 million XRP tokens transferred from an unknown wallet to the crypto exchange Bitstamp. Massive XRP Whale Transfer To Crypto…

Bitcoin, Solana Take Center Stage In $721 Million In Institutional Inflows

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According to a CoinShares report, Bitcoin and Solana led the way in the amount of institutional inflows into digital asset investment products last week. The report also highlighted an emerging trend among Spot Bitcoin ETFs in the US.  Bitcoin Records $703 Million In Inflows Bitcoin is reported to have seen inflows totaling $703 million last week, thereby accounting for 99% of all flows into these investment products. Solana came in a distant second with an inflow of $13 million, outperforming the second-largest crypto token, Ethereum, which saw an inflow of…

Global Crypto Assets Record $708 Million in Weekly Inflows

CoinspeakerGlobal Crypto Assets Record $708 Million in Weekly Inflows Global crypto assets posted $708 million in inflows last week, marking the first net positive inflows in the past three weeks, according to Coinshares’ weekly fund flow report. The inflows saw the total assets under management increase to $53 billion. Since the introduction of US spot BTC ETFs, the total inflows from the ETFs hit $7.7 billion. Total outflows from other issuers shot to $6 billion, but the momentum has reduced significantly. GBTC was responsible for most of the outflows, totaling…

Nibiru Chain Secures $12 Million to Fuel Developer-Focused L1 Blockchain – Blockchain News, Opinion, TV and Jobs

Dallas, Texas, February 5th, 2024, Chainwire Nibiru Chain, a general-purpose layer 1 blockchain, has successfully closed its latest round of funding, securing $12 million to set the stage for an ambitious phase of growth. Venture investments included contributions from Kraken Ventures, ArkStream, NGC Ventures, Master Ventures, Tribe Capital, and Banter Capital.  “Nibiru has taken all of the best in class technology and research developed over the past few cycles and packed them into the best new chain we have ever analyzed. They optimize for developers with a built-in dev toolkit,…

Crypto Token Unlocks To Cross $700 Million In February 2024, Here Are The Culprits

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February is set to be a hot point for crypto assets, with several cryptocurrencies set to release over $800 million worth of assets during the month. According to data from TokenUnlocks, 26 crypto projects are set to carry out token unlocks in February, potentially flooding the crypto market with almost $1 billion worth of crypto assets. Most of this liquidity is set to come from Avalanche (AVAX), with approximately $345 million worth of AVAX set to hit the market in the middle of February. February 2024 Set To See Massive…

Chainlink Price Stalls As $287 Million Worth Of LINK Makes Its Way To Binance

The price performance of Chainlink is one of the previous week’s biggest narratives, rivaling Bitcoin making its way above $43,000 again. According to data from CoinGecko, the altcoin recorded a significant 25% price increase in the last seven days. However, the price of LINK seems to be slowing down, as it keeps struggling to hold above the $18 level. While expectations are that this sluggishness will blow over soon, the question still is – why is the Chainlink price stalling? 16 Million LINK Tokens Transferred To Binance The latest on-chain revelation…

Transactions Break Past 4 Million

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Cardano, a blockchain platform known for its research-oriented strategy and eco-friendly Proof-of-Stake consensus, is experiencing substantial growth. Increased transaction volumes, a variety of project launches, and active development within its ecosystem underline this expansion. Cardano Transaction Boom December and January saw Cardano process over 4 million transactions, showcasing a significant increase in on-chain activity. This growth aligns with the platform’s ambition to become a scalable and sustainable blockchain for real-world applications. The blockchain platform isn’t just processing transactions; it’s attracting developers and projects. Eight new projects launched on Cardano in…