Bitcoin (BTC) has shown an impressive performance in the first quarter (Q1) of 2024, as highlighted in a recent report by market intelligence data research firm Messari. The research firm finds key factors contributing to Bitcoin’s price increase, market cap dominance, and the emergence of new trends in the cryptocurrency …
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As Bitcoin (BTC) continues its upward trajectory, regaining its bullish momentum after brief range-bound price action and inching closer to its all-time high (ATH) of $73,700, crypto analyst Miles Deutscher shared insights on several altcoins to watch for potential gains this week. Altcoins With Strong Potential First, Deutscher observes a …
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The recent ratio between Bitcoin (BTC) and Ethereum (ETH) prices suggests a potential decline in risk appetite within the crypto market. The ratio has reached its highest level since April 2021, indicating a stronger demand for Bitcoin than its smaller rival, Ethereum. This development has led crypto asset trading firm …
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In a significant development, FTX bankruptcy trustees have reportedly sold about two-thirds of a $2.6 billion stash of Solana (SOL) at a “deeply discounted price.” Industry figures such as Galaxy Trading and Pantera Capital were among the investors involved in the deal, according to people familiar with the matter, as …
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According to local media reports in Japan, Sony Bank announced its foray into the stablecoin world, launching a trial to issue its fiat-linked digital currency. In collaboration with blockchain company SettleMint, one of the most notable aspects of the pilot program is that the trial will take place on the …
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The decentralized exchange (DEX) and automated market maker (AMM) protocol SushiSwap has been at the center of a significant controversy as users and a former associate express their opposition to proposed governance changes. The controversial proposal aims to transfer assets from the Decentralized Autonomous Organization (DAO)-controlled treasury to a new …
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Franklin Templeton’s digital assets division has released a note to its investors introducing Bitcoin-based non-fungible tokens (NFTs), highlighting a surge in activity within the Bitcoin ecosystem. The asset manager attributes this increased momentum to various factors, including the emergence of Bitcoin (BTC) NFTs called Ordinals, the development of new fungible …
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US-based cryptocurrency exchange Coinbase has obtained a registration license in Canada, signaling its intention to expand internationally amid increasing regulatory scrutiny in the US market, led by the Securities and Exchange Commission’s (SEC) ongoing crackdown on the industry. The company announced that it has been registered as a restricted dealer …
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In a recent interview, Sharmin Mossavar-Rahmani, the chief investment officer of Goldman Sachs Wealth Management, expressed her skepticism towards cryptocurrencies, including Bitcoin (BTC). Despite the notorious growth in trading volume and institutional adoption of Bitcoin through the approved spot Bitcoin exchange-traded funds (ETFs), Mossavar-Rahmani emphasized that Goldman Sachs does not …
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In the first quarter of 2024 (Q1), memecoins emerged as the most profitable crypto narrative, delivering massive average returns of 1312.6% across its top tokens, according to a recent study and report conducted by CoinGecko. This figure far surpassed the returns of other narratives, highlighting the growing popularity and frenzy …
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The cryptocurrency market has witnessed a significant surge after a prolonged bear market and the intensified crypto winter caused by the collapse of crypto exchanges and firms during 2022 and part of 2023. Notably, Bitcoin and other major cryptocurrencies have experienced substantial price surges, accompanied by renewed interest from institutional …
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The crypto market is abuzz with speculation as the US government recently moved significantly regarding seized Bitcoin (BTC) linked to the infamous Silk Road dark web marketplace. This development comes at a critical time for the Bitcoin price, which has struggled to maintain its position above the $70,000 threshold after …
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