A trader known for making accurate calls predicts that Polygon (MATIC) has the potential to experience significant growth during the next bull market cycle.
BlackRock, an investment firm managing trillions of dollars worth of assets, has registered its iShares Ethereum trust in Delaware. This move follows a similar registration process for its Bitcoin trust. The registration documents have been verified by senior Bloomberg ETF analyst Eric Balchunas.
The necessary technology is falling into place, and the industry has the right intentions — and so, hopefully, an influx of capital will soon follow. However, to ensure the sustainable growth of DeFi, it is crucial that it stays on the right side of the law and that institutions meet the obligations of their stakeholders.
A crypto analyst who accurately predicted the top of the 2021 Bitcoin bull market is now forecasting a potential pullback for Solana (SOL) and other altcoins. The analyst, known as Pentoshi, has a large following on the social media platform X and has shared his insights with over 700,000 followers.
According to crypto analyst Michaël van de Poppe, Bitcoin (BTC) has the potential to reach $50,000 before April 2024. Van de Poppe, who has a large following on social media, predicts that Bitcoin will experience a significant increase in value before correcting back to current levels. He expects the cryptocurrency to reach $45,000-$50,000 before undergoing a heavy correction to $32,000-$35,000. Van de Poppe emphasizes that Bitcoin has been following cyclical patterns and has faced challenges in the past two years.
TomiChain, the layer two scaling solution developed by Tomi, a DAO-governed Web 3.0 infrastructure project, is set to revolutionize the way Ethereum scales globally. With its innovative features and partnerships, TomiChain aims to address the technical obstacles and limitations that have hindered the widespread adoption of blockchain technology.
Binance, the world's largest crypto exchange, has launched a new self-custody wallet that provides seamless access to the blockchain from the platform's mobile app. This wallet serves as a bridge between the exchange and decentralized finance (DeFi) ecosystems, empowering users to take control of their assets and engage in various activities.
During the past 24 hours, the cryptocurrency market has experienced a surge in prices, resulting in the liquidation of hundreds of millions of dollars worth of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) shorts. According to data from blockchain tracking platform Coinglass, the top crypto asset by market cap, Bitcoin, has seen over $131 million worth of short contracts liquidated. Ethereum and Solana have also witnessed significant liquidations, with $48 million and $9.56 million worth of short contracts liquidated, respectively.
Zircuit, a new zero-knowledge rollup backed by pioneering layer two research, has announced the launch of its public testnet. This fully EVM-compatible platform supports existing Ethereum DApps and wallets, allowing developers to deploy their DApps on Zircuit with minimal changes.
In November 2021, Bitcoin reached an all-time high, causing a wave of excitement and speculation. However, as time passed, the cryptocurrency market experienced significant fluctuations, leaving many wondering if another rally is on the horizon.
The prices of Bitcoin (BTC) and Ethereum (ETH) have been experiencing a significant surge recently, coinciding with the increasing interest in cryptocurrency from Wall Street. BTC surpassed the $36,000 and $37,000 marks for the first time since May 2022, almost reaching $38,000 before retracing some of its gains. Similarly, ETH climbed above $2,000, reaching its highest level since the April Ethereum upgrade, also known as Shanghai.
A popular crypto analyst is optimistic about the future of Vulcan Forged (PYR) and Chainlink (LINK), two altcoins that have shown significant growth recently.
Ripple, a payments company, has announced a new partnership with Onafriq, a fintech firm operating in 40 African markets. The collaboration aims to facilitate cross-border payments between Africa and several other regions.
Camomile Shumba is a regulatory reporter based in the UK. She has previously worked as an intern for Business Insider and Bloomberg News. Camomile does not currently hold any digital currencies or projects.
Bitcoin prices surged to nearly $37,000 during Asian trading hours, fueled by a phenomenon known as a 'short squeeze'. This occurs when the price of an asset unexpectedly rises, causing short sellers to scramble to cover their positions. In just four hours, approximately $50 million worth of bitcoin shorts were liquidated, further driving up the price. Exchanges with a strong presence in Asia, including BitMEX, OKX, and Binance, saw a significant number of positions being closed. The bullish momentum of Bitcoin was also influenced by reports that the U.S. Securities and Exchange Commission (SEC) is in discussions with Grayscale, a prominent fund manager. The SEC and Grayscale have been involved in a legal dispute regarding the conversion of the Grayscale Bitcoin Trust into a spot ETF. This news added to the positive sentiment surrounding Bitcoin and contributed to its upward movement.
Consensus 2024 is CoinDesk's highly anticipated annual event that serves as a gathering for all aspects of the crypto, blockchain, and Web3 communities. This event has a long-standing reputation for being the most influential in the industry. It brings together experts, enthusiasts, and innovators from around the world to discuss and explore the latest trends, developments, and opportunities in the crypto space.