Author: Crypto News
Last updated: April 16, 2024 18:37 EDT | 1 min read The available Bitcoin supply on exchanges is rapidly diminishing, potentially reaching depletion within the next nine months, according to a Monday analysis by Bybit.Citing data from CryptoQuant, Bybit wrote in a blog post that only 2 million BTC is present on centralized crypto trading platforms, representing less than 10% of the entire network’s supply.Cratering Bitcoin Exchange Supply Before Halving“If we assume a daily inflow of $500 million to Bitcoin Spot ETFs, the equivalent of around 7,142 bitcoins will leave exchange reserves daily,” the company’s analysts wrote, “suggesting that it will only take nine months to consume all of the remaining reserves.”Since launching in January, U.S. Bitcoin spot ETFs have absorbed…
Last updated: April 16, 2024 18:02 EDT | 2 min read Microsoft has invested $1.5 billion into G42, an artificial intelligence (AI) company based in the United Arab Emirates (UAE) the company announced on April 16. This was part Microsoft’s AI investment plans to expand and strengthen its position in the AI industry.Microsoft AI Investment Opens Innovation Gateways in The Middle EastMicrosoft announced its latest investment in AI via an official press release, noting that the company is gaining a minority stake in G42. Additionally, Microsoft Vice Chair and President Brad Smith will join the G42 Board of Directors. .@Microsoft’s…
Last updated: April 16, 2024 17:55 EDT | 1 min read Popular crypto wallet provider Trust Wallet disclosed on April 15 that it received “credible intel” about a high-risk zero-day exploit being sold on the Dark Web to target iOS users.According to the software developer, this flaw could allow hackers to gain unauthorized access to users’ personal data.Trust Wallet Reports Personal Information Sale on Dark WebTrust Wallet shared its discovery in an X post, explaining the dangers of the zero-day exploit targeted at iMessage. 1/2: ⚠️ Alert for iOS users: We have credible intel regarding a high-risk zero-day exploit targeting…
Last updated: April 16, 2024 16:11 EDT | 1 min read Publicly traded Bitcoin mining firm Hut 8 Corp announced on April 16 the initialization of self-mining operations at its new Salt Creek facility, only 78 days after breaking ground in the area.The Texas-based facility boasts a favourable energy profile, which is expected to reduce mining costs by 30% compared to the firm’s hosting facilities.Hut 8 Expands Its Mining FleetThe new site energization represents just one-third of the entire facility, charged with 63 megawatts (MW) of power in total.“With Salt Creek, we gain critical control over our miner fleet and…
Last updated: April 16, 2024 14:11 EDT | 2 min read United States Senators Elizabeth Warren (D-MA) and Charles E. Grassley (R-IA) have demanded that Commodity Futures Trading Commission (CFTC) Chair Rostin Benham disclose details of his interactions with disgraced FTX founder Sam Bankman-Fried prior to the exchange’s collapse, according to an April 12 letter addressed to Benham.U.S. Senators Request Chats Between Rostin Benham and Sam Bankman-FriedIn Grassley and Warren’s letter, the senators requested Benham provide a “full accounting of all meetings, phone calls, and written correspondence between you and/or your staff and Mr. Bankman-Fried and/or his staff” as well…
Last updated: April 16, 2024 13:23 EDT | 1 min read The Bored Ape NFT prices plummeted 90%, from an all-time peak of 120 ETH to 10 ETH currently. During the 2021 cryptocurrency bull run, Bored Apes Yacht Club (BAYC) NFTs became one of the most demanded collections but ultimately succumbed to a decline in demand that impacted the whole NFT market.Despite initial hype and celebrity endorsements, BAYC NFTs and other Ethereum-based NFT collections‘ value declined due to waning retail interest and new collections on Bitcoin and Solana.Each BAYC NFT was worth $400,000 in Ether in May 2022 when Ether was…
Last updated: April 16, 2024 13:06 EDT | 2 min read In the latest Solana meme coin pump, new coin Peshi Cat (PESHI) has exploded in a 120x skyrocket.This article will provide an analysis of PESHI’s current price trends and look to see whether an innovative multi-chain meme coin, Dogeverse, represents a more promising investment opportunity at this time. $PESHI SAID: SEND IT! pic.twitter.com/e549Ut1ekx — $PESHI (@peshi_sol) April 15, 2024PESHI price moves appear to be a straight-up no-utility meme coin play, with upside gains fuelled by pure viral traction across the crypto community on platforms such as X.PESHI Price Analysis: As…
Last updated: April 16, 2024 12:08 EDT | 2 min read As Ethereum’s price surges past $3,000 and BNB shows robust growth indicators, investors are closely watching these developments. Meanwhile, BlockDAG captures attention with its imminent presale, priced attractively at $0.006 in its upcoming Batch 10. This marks a significant milestone following a 500% growth since its inception. These insights offer a glimpse into why BlockDAG stands out as one of the best cryptocurrencies to buy in 2024, promising a blend of innovation and 30000x ROI potential for savvy investors. Ethereum’s Market Position and Recovery EffortsEthereum, a longstanding leader in the…
Gibraltar, GI, April 16th, 2024 – Aurora Labs announces the launch of the Forwarder, a new platform that connects centralized exchanges (CEXs) such as Binance, Coinbase, Bitfinex, KuCoin and more, to the Aurora Mainnet and other virtual blockchains. This development tackles the key issue of network fragmentation, which has historically limited the movement of assets across the blockchain ecosystem.Centralized exchanges (CEXs) play a pivotal role in the cryptocurrency ecosystem due to their user-friendly interfaces and strong security. However, as the crypto market expands, CEXs are finding it increasingly difficult to strike a balance between maintaining secure, regulated environments and providing…
Last updated: April 16, 2024 08:08 EDT | 3 min read The Shiba Inu price has dived by 8% today, with its price dropping to $0.0000216 as the broader crypto market lost 4.5% in the past 24 hours.SHIB has now fallen by 24% in a week and by 16% in the last 30 days, with the meme token holding onto an 85% gain in a year.Its declines come at a time when the meme token segment of the market has seen its first major decline in cap since March, with the likes of SHIB and Dogecoin bearing the brunt of…