Tag: NASDAQ:IBIT
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SWIFT Innovates in CBDC Solutions, SEC Imposes Billion-Dollar Fine on Ripple Labs, Tether Ventures into AI, and Latest News
Bitcoin swung to over $71,000 in anticipation of the halving Bitcoin (COIN:BTCUSD) climbed to over $71,000 on Tuesday morning, marking a weekly peak, as we approach the anticipated block reward halving. After briefly hitting the mark of $71,582.96, the price retreated and stabilized around $70,181.55 at the time of writing. The appreciation comes amidst a…
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Crypto: AIOZ Network Partners with Alibaba Cloud, Google Integrates ENS Domain Balances, and Key Updates
Correction in the cryptocurrency market and future prospects The cryptocurrency market has experienced a significant correction last week, with bitcoin (COIN:BTCUSD) losing over 11% in the past 7 days, despite a slight recovery in value post-FOMC meeting. JPMorgan (NYSE:JPM) warns that the downtrend optimism among investors, especially concerning the expected price increase due to bitcoin’s…
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Crypto: Bitcoin ETFs Experience 3 Consecutive Days of Outflows, CryptoPunk Fetches $16.42M in Sale, and More
Cryptocurrencies react positively to interest rate cut prospects The Federal Reserve’s maintenance of the federal funds rate at 5.25 – 5.50% and the indication of a balance sheet reduction adjustment influenced various markets. The Fed’s balance sheet has grown by 59% since January 2020, reaching $7.542 trillion. This policy has caused notable fluctuations in Bitcoin…
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Crypto: Solana Surges to $200, Base Explodes Post-Dencun Update, and Latest News
Solana hits $200 with network growth For the first time since November 2021, Solana’s cryptocurrency (COIN:SOLUSD) surpassed the $200 mark, driven by growing activity on the network and interest in meme coins. Although still 22% below its all-time high of $260, SOL exceeded its previous market capitalization of $75 billion due to the issuance of…
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Crypto Market Witnesses Largest Drop in 2024; Fox and Polygon Collaborate on Blockchain Authentication, and More News
Crypto market faces biggest drop of the year The cryptocurrency market recorded its largest annual drop of 7%, led by an 8% decline in Bitcoin (COIN:BTCUSD), which triggered a widespread downturn. Bitcoin fell from a peak of $73,000 to a minimum price of $65,879.74, being quoted down -4.9% at the time of writing at $67,918.65.…
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Crypto: Ethereum’s Dencun Update Goes Live, Quantum Blockchain’s ‘Method C’ Revolutionizes Mining, and Latest News
Ethereum launches Dencun upgrade to reduce layer 2 transaction costs Ethereum (COIN:ETHUSD) introduced the Dencun upgrade on Wednesday, which implements mechanisms to lower transaction costs on layer 2 solutions that bundle multiple transactions for the main network. This change has already shown results, with the average transaction cost on Optimism (COIN:OPUSD) dropping to about 4…
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Crypto: Toncoin Surges Following Telegram’s IPO Plans, Coinbase Secures $1 Billion via Convertible Bonds, and More News
Toncoin soars after Telegram’s IPO announcement Toncoin (COIN:TONCOINUSD), the cryptocurrency of the TON Network, saw its price surge over 70% in just two days following an announcement by Pavel Durov, founder of Telegram, about plans for an Initial Public Offering (IPO) for the app. Despite the separation of the entities in 2020 due to legal…
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Crypto: Binance Executives Detained in Nigeria, Grayscale’s Bitcoin Mini Trust Proposal and Latest News
Binance top executives detained by Nigeria in financial dispute Tigran Gambaryan and Nadeem Anjarwalla, senior officials of Binance, were detained by Nigeria, according to the Wall Street Journal and Wired, amid accusations against the cryptocurrency exchange. The detention followed the country’s demand for $10 billion from the company for untracked transactions. Arriving in Abuja on…
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Bitcoin Outshines Silver in Market Value as London Embraces Crypto-Backed Securities, and More News
Bitcoin surpasses silver and reaches top among global assets With a recent increase of 4.71% in its value, Bitcoin (COIN:BTCUSD) reached the impressive mark of $72,273.60, raising its market capitalization to $1.413 trillion. This notable ascent caused Bitcoin to surpass silver in market value, positioning itself as the eighth largest global asset. Despite this achievement,…
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Crypto: Ether Approaches $4,000, PEPE Surges 24%, Aevo Unveils Innovative Pre-Market Token Launch, and More
Ether approaches $4,000 driven by market rally and Ethereum’s post-Merge deflationary impact With a 63% surge in 30 days, Ether (COIN:ETHUSD) stands out in the crypto market, outpacing Bitcoin’s (COIN:BTCUSD) performance and nearing the $4,000 mark at the time of writing, a milestone not seen since December 2021. Since Ethereum’s transition to the Proof of…