Bitcoin experienced an 8% drop, its largest single-day decline since FTX's collapse, prompting caution among traders, while upcoming announcements on interest rates from the U.S. Federal Reserve may create further volatility in the crypto market.
Bitcoin mining stocks were highly profitable investments in 2023, but with the launch of spot Bitcoin ETFs and the upcoming Bitcoin halving, they are now facing headwinds and may not be a recommended buy.
Bitcoin mining stocks, which were highly profitable in 2023, may not be a good investment option in 2024 due to the launch of spot Bitcoin ETFs and the upcoming halving event, causing potential headwinds for mining companies and making them less attractive as proxy plays.
Kyle Davies, the co-founder of Three Arrows Capital, refuses to apologize for the bankruptcy of his crypto hedge fund and is unapologetic about the situation on the Unchained podcast.
The price of XRP continues to decrease due to developments in the SEC vs. Ripple lawsuit, with a joint sealing proposal filed by both parties on March 22, potentially leading to further losses.
AI cryptos, such as Qtum, Paal AI, Optimus AI, Solidus AI, Clore.ai, enqAI, and OpenFabric AI, are gaining momentum and offer the potential for significant gains in the altcoin market as retail investors show increasing interest in these projects.
BlackRock has unveiled the BlackRock USD Institutional Digital Liquidity Fund, signaling a potential focus on Real-World Assets (RWA) tokenization, which has sparked optimism and gains in the crypto market.
A local coffee chain in Washington, D.C., called Compass Coffee, is partnering with Coinbase, the largest crypto exchange in the U.S., to accept payments in USDC, a stablecoin, as a way to reduce credit card transaction fees and boost the local economy.
Bitcoin's soaring value has brought economic stability and investment gains to residents in El Salvador's surf town nicknamed "Bitcoin Beach," where the cryptocurrency is widely accepted as legal tender, despite concerns about its volatility and limited adoption.
Sam Bankman-Fried's defense team criticizes the Department of Justice's sentencing memorandum, claiming it distorts reality and portrays him as a villain, and argues against the recommended 40 to 50 years prison sentence, asserting that it is not just.
Bitcoin's price has dropped over 10% in the past week, prompting speculation of a slight pullback before reaching new highs again, while Japan's Government Pension Investment Fund (GPIF) is considering investing in Bitcoin, which could signal a significant shift in institutional perception of the digital currency.
Blockchain network Saga has announced the creation of Saga Origins, a new game publishing division, which aims to bring games to market using a collaborative approach including user acquisition, community building, and promotion. The division, touted as the "first and only layer-1 Web3 game publisher," plans to revolutionize the gaming industry by bringing users to games through their platform. Saga also revealed that the Saga mainnet is set to launch in April.
Ethereum competitor Solana (SOL) is predicted to see gains of over 2x this year, according to crypto strategist Altcoin Sherpa, who also expresses bullishness on RSS3 and Ondo Finance (ONDO).
Volatility in the cryptocurrency market has increased as Bitcoin, Ethereum, and Ripple prices experience drops, with Bitcoin potentially falling 12% before reclaiming its all-time high, Ethereum potentially dropping 10%, and Ripple potentially extending its fall amidst a hidden continuation pattern; however, expectations of an interest rate pause by the Federal Reserve could lead to a rally in crypto.
Despite a post-peak price drop and significant outflows from Grayscale's Bitcoin Trust (GBTC), investor interest in Bitcoin ETFs remains strong.
BlackRock has filed with the SEC to launch a tokenized asset fund called the BlackRock USD Institutional Digital Liquidity Fund, with its specific size undisclosed, amid hopes for the approval of a spot Ethereum ETF.
Immutable and Polygon Labs have partnered with VC firm King River Capital to launch a $100 million blockchain gaming investment fund called the Inevitable Games Fund, which has already invested in several projects and aims to revolutionize the gaming industry with Web3 technology.
Web3 gaming developer platform Immutable and venture capital company King River Capital have launched a $100 million Inevitable Games Fund (IGF) with the aim of targeting high-growth opportunities in the Web3 gaming industry.
Bloomberg analyst James Seyffart believes a spot ether exchange-traded fund (ETF) is unlikely to be approved in May due to U.S. regulators' seeming lack of engagement with potential issuers.
The price of Shiba Inu (SHIB) is expected to continue falling, with a potential 20% plunge, due to a lack of support from investors and a decline in network growth, but if it bounces back from a key support level, it could recover.
Bitcoin's selloff continues as record outflows from Grayscale's Bitcoin Trust put pressure on the fund's assets since it became an ETF, while new spot bitcoin ETFs approved by the SEC receive inflows.
The odds of a spot Ethereum ETF launching soon are slim, but experts suggest that it may be for the better, as Bitcoin ETFs are still being adopted by traditional financial institutions and there is less interest in Ethereum among financial advisors. Furthermore, the incorporation of staking in ETFs could delay SEC approval until the third quarter of 2024 or later.
Shares of MicroStrategy fell after the completion of a convertible debt offering, which was used to buy more bitcoin, making the company the largest corporate holder of the cryptocurrency.
Bitcoin's upcoming halving event, which reduces the daily supply of newly minted coins by 50%, is expected to drive up demand and potentially outdo the cryptocurrency's previous bull runs, as it has historically caused prices to soar.
BlackRock has created a tokenized asset fund, the BlackRock USD Institutional Digital Liquidity Fund, which was launched in partnership with tokenization firm Securitize and seeded with $100 million in Circle's USDC stablecoin, marking a significant milestone for the tokenization of real-world assets.
Solana users have been engaging in meme coin presales, a practice that involves sending funds to promoters in the hopes of receiving early allocations of meme coins, despite the risks and lack of accountability, with nearly $150 million being sent in just the last week. Concerns have been raised about potential legal repercussions and the backgrounds of the presellers, but the trend continues.
Cryptocurrencies are experiencing a correction in the market, potentially due to a disconnect between major stakeholders and retail investors, leading to increased volatility and prompting investors to consider adjusting their positions. Bitcoin, Ethereum, Tether, Solana, XRP, Avalanche, and Dogecoin are all affected by this correction.
The percentage of profitable holders of Fantom (FTM) has reached 55%, and a similar milestone in the past led to an 858% increase in FTM price in less than four months, indicating a potential upcoming price movement; however, the current positioning of FTM Exponential Moving Average (EMA) lines suggests a mixed signal on the asset's immediate direction.
Bitcoin experienced a slight rebound after a 15% dip, but its future performance is uncertain as the Federal Reserve meeting could impact crypto asset prices due to concerns over a less investor-friendly stance prompted by strong US economic data and inflation.
Over $122 million has been raised for 27 different Solana-based projects’ presales in the last week, with one project, SLERF, losing $10 million worth of its presale tokens.
Polygon Labs paid $4 million to Starbucks in 2022 to build and host a blockchain-based loyalty program, Starbucks Odyssey, on the Polygon network, marking a significant crossover between crypto and consumer culture. However, Starbucks recently decided to shut down the program, reflecting the challenges of introducing Web3 products to a non-crypto audience.
Lorraine Marcel, the founder of Bitcoin Dada, a program that educates and empowers African women in the Bitcoin space, aims to onboard all genders to participate in Bitcoin, emphasizing the importance of inclusivity and giving women the confidence to contribute in the financial space.
Several meme coins, including Dogecoin and Shiba Inu, have shown losses after a Bitcoin flash crash, while newer meme coins on Solana are experiencing steeper drops as investors rotate to other coins.
Business analytics firm MicroStrategy has acquired an additional 9,245 Bitcoin, bringing its total holdings to 214,245 BTC worth around $13.6 billion, constituting over 1% of the total supply of Bitcoin, despite a recent flash crash on the Bitmex exchange.
The US district court has sanctioned the Securities and Exchange Commission (SEC) for "bad faith conduct" and misleading actions against crypto firm Debt Box, ordering the SEC to cover Debt Box's legal fees, in a ruling that has been celebrated by the crypto industry and highlights the need for regulatory reform.
The article discusses the reluctance of Wall Street to embrace spot bitcoin exchange-traded funds (ETFs) and highlights the fear financial firms have of decentralized finance (DeFi) and the growing threat it poses to their business models. It also emphasizes that while Wall Street may need bitcoin, bitcoin does not necessarily need Wall Street.
Bitcoin Miners Face Challenges to Profitability After Halving, Forced to Seek Efficiencies and Deals
Investors in the Bitcoin mining market are becoming more skeptical due to the upcoming Bitcoin Halving event in April, causing a decrease in capital for miners, but industry experts suggest that upgrading mining machines, cutting costs, implementing risk management strategies, and engaging in mergers and acquisitions can help regain investor trust and profitability.
Backpack, a crypto exchange and wallet, has experienced strong growth since its launch in 2022, overcoming the collapse of FTX and the bear market to attract a large user base and trading volume, and is now expanding globally with fresh funding.
Cardano has introduced the USDM stablecoin to its ecosystem, which is expected to attract new users and enhance its DeFi ecosystem, while the Cardano Staking ETF aims to bridge crypto with traditional finance, potentially attracting a broader investor base, and despite challenges, Cardano remains committed to advancing its Hydra Layer 2 solution.
Bitcoin's price has dropped over 14% since its all-time high and is now hovering just below $63,000, causing a ripple effect across other cryptocurrencies and resulting in over $440 million in liquidation for traders.
Crypto analyst warns of an imminent Bitcoin correction based on historical market cycles, with Bitcoin potentially dipping to as low as the $40,000 range before the upcoming halving event on April 15th.
Researchers have observed a rise in cryptocurrency attacks targeting Ethereum's CREATE2 opcode, which allows attackers to drain assets from victims' wallets by exploiting the function's ability to create temporary addresses for receiving funds. Wallet security providers are urged to enhance their security measures to protect users from these sophisticated attacks. The attacks have already resulted in the loss of millions of dollars worth of assets, emphasizing the need for heightened awareness and education in the blockchain community.
The WIF meme coin, based on the Dogwifhat meme, has gained a market cap of $2.5 billion and ranks 51st among the top cryptocurrencies by market capitalization, showcasing the power and value of meme coins in the crypto community.
Shares in MicroStrategy fell 13% after the company completed its second convertible debt offering in a week, raising $603.75 million to buy bitcoin, while also purchasing 9,245 bitcoins for $623 million.
Coinbase announces new debt offering and AI tools, potentially impacting Coinbase stock; investors should consider other top stock picks from Motley Fool.
Small-cap cryptocurrencies have the potential to experience significant gains and go parabolic during the next altcoin season, making them an appealing option for investors with a high tolerance for risk and the potential for life-changing returns.
Standard Chartered analyst predicts that Bitcoin will reach $200,000 by the end of the year due to successful ETF adoption, and Ethereum's price will double to $8,000 by year-end and reach $14,000 by 2025 due to the Dencun upgrade and potential real-world use cases.
Cryptocurrency exchange Coinbase is receiving support from various groups in its legal battle against the Securities and Exchange Commission (SEC) to encourage the SEC to establish specific regulations for the crypto industry, as the lack of rules is causing businesses to move operations overseas; allies such as Paradigm and the Crypto Council for Innovation have filed arguments with the court, emphasizing the challenges of treating cryptocurrencies as traditional securities and the need for regulatory clarity.
Japan's Government Pension Investment Fund (GPIF), one of the largest pension portfolios in the world, plans to explore bitcoin and other innovative investments as part of its long-term strategy, potentially influencing pension funds globally.
Bitcoin experienced a flash crash on BitMEX, dropping to as low as $8,900 before quickly rebounding, leading to speculation about the cause and potential impact on the cryptocurrency market.
