Author: Crypto News

Last updated: April 22, 2024 06:48 EDT | 2 min read Digital asset investment products have faced another week of outflows, marking the second consecutive week of declining investor interest. The outflows amounted to a total of $206 million, while trading volumes in Exchange Traded Products (ETPs) experienced a slight dip, reaching $18 billion, according to a report from CoinShares. Bitcoin investment products witnessed outflows of $192 million,However, the report mentioned that few investors viewed this as an opportunity for short-selling, with short-Bitcoin strategies experiencing outflows of $0.3 million.Trading Volumes in ETPs Continue to DropThe trading volumes in ETPs accounted for a smaller…

Last updated: April 22, 2024 05:28 EDT | 2 min read ZKasino, a blockchain-based gambling project, has found itself at the center of a heated controversy after it abruptly shifted $33 million worth of investor and user funds to the staking protocol Lido. The move deviated from the project’s initial plan to return the funds to its users.In a blog post on April 20, ZKasino announced the launch of its network. Over 10,000 users had bridged a total of 10,515 Ether (ETH) to the network, hoping to acquire the ZKasino (ZKAS) token. However, instead of returning the ETH as promised, ZKasino stated that it…

Last updated: April 22, 2024 05:08 EDT | 4 min read Bitcoin Price PredictionBitcoin (BTC/USD) demonstrates robust performance, with a notable price surge to $66,270, an uplift of approximately 2.50%. This positive momentum places Bitcoin’s trading dynamics in the spotlight, crucial for those monitoring Bitcoin price predictions. As it surpasses the pivotal $64,853 mark, the digital currency may be poised for further gains, with key resistance levels emerging that could test the resilience of this uptrend. This scenario presents an interesting phase in Bitcoin’s market trajectory, making it a critical moment for investors and analysts alike.Currency Stability Amid Global Policy…

Last updated: April 22, 2024 02:59 EDT | 2 min read BlackRock’s spot Bitcoin exchange-traded funds (ETF) iShares Bitcoin Trust trading under the ticker “IBIT” has seen inflows 69 days straight, said Bloomberg Intelligence ETF analyst Eric Balchunas in a social media post.The fourth Bitcoin halving took place late on Friday at block height 840,000. This marked a pivotal change in the cryptocurrency’s supply dynamics. The halving event occurs approximately every four years and has reduced the mining reward from 6.25 to 3.125 bitcoins. Waking up on 4/20 to see $IBIT took in cash for the 69th straight day, which…

Last updated: April 22, 2024 02:36 EDT | 1 min read The World Economic Forum (WEF) recently released a report investigating wholesale central bank digital currencies (wCBDCs). The document explored ongoing initiatives, potential use cases in financial markets, and the potential of wCBDCs to alleviate significant industry challenges and address key pain points.It revealed that more than 98% of central banks worldwide are conducting research, pilot programs, or implementation of CBDCs to enhance the functionality of and broaden access to central bank money (CeBM).“CeBM is ideal for systemically important transactions despite the emergence of alternative payment instruments,” the report states.…

Last updated: April 22, 2024 02:29 EDT | 2 min read Bitcoin transaction fees experienced a significant drop just one day after reaching an all-time high average of $128 on April 20, coinciding with the fourth Bitcoin halving. As of April 21, the average fees for medium-priority transactions on the Bitcoin network fell to a range of $8-10, according to data from mempool.space.The preceding day had witnessed a remarkable surge in total fees, with Bitcoin recording $78.3 million in fees, surpassing Ethereum by over 24 times, as reported by Crypto Fees. Bitcoin Halving Block Includes Record Fee Paid to MinersNotably, the Bitcoin halving…

Last updated: April 22, 2024 01:04 EDT | 1 min read The world’s leading stablecoin issuer Tether has made a fast start on The Open Network (TON), issuing $60 million worth of USDT since integrating with the blockchain on April 19th. This makes TON the 11th blockchain to host Tether, expanding its reach and offering new options for users.The collaboration between the two, announced at the Token2049 conference in Dubai, also saw the launch of Tether Gold (XAUT) on TON. This gold-pegged stablecoin offers users additional diversification options.Tether CEO Paolo Ardoino expressed optimism about the partnership, calling it a “great…

Last updated: April 21, 2024 22:27 EDT | 2 min read Bonk Price PredictionAmid a vibrant market rally, the cryptocurrency Bonk price (BONK/USD) stands out, currently trading at $0.000021 with a remarkable 24-hour trading volume of $434.6 million.As Bonk secures a 5.89% increase and a market cap of about $1.34 billion, it ranks #70 on CoinMarketCap.This surge prompts an intriguing Bonk price prediction: could this momentum herald a shift in the meme coin hierarchy, potentially challenging Dogecoin’s dominance?Bonk Price PredictionThe pivot point, a key technical indicator used to determine overall market trends and potential reversal points, is currently set at…

In the latest Bitcoin price prediction, the cryptocurrency has climbed to $65,225, marking a 1.50% increase on Sunday. This uptick reflects growing investor confidence, potentially influenced by high-profile investments and bullish market sentiment surrounding digital assets. As Bitcoin continues to draw interest from both retail and institutional investors, its trajectory remains a focal point in the financial landscape. Michael Saylor’s Strategic Bitcoin Investments Catapult Net Worth to $4 Billion in 2024 Michael Saylor, a dot-com billionaire who once faced a $6 billion loss in a single day, has significantly bolstered his wealth through astute investments in Bitcoin and his company’s…

Last updated: April 21, 2024 12:30 EDT | 2 min read In a remote region of Kenya, a group of Bitcoin miners has found an innovative way to power their operations and bring electricity to rural homes. Located near Hell’s Gate National Park, the miners have set up shop at the site of an extinct volcano, where they utilize a mobile container equipped with solar power and energy from a nearby geothermal site. This unique setup allows them to mine Bitcoin while simultaneously electrifying local communities.The venture is led by a startup called Gridless, backed by Jack Dorsey’s Block. Gridless Operates Six MinesGridless operates six mines across…