Author: CryptoHoppers
U.S. spot bitcoin exchange-traded funds (ETFs) experienced three consecutive days of net outflows, with a loss of $58 million on Tuesday. Leading the outflow for the day was Grayscale’s GBTC. After Another Day of Outflow, IBIT Nears GBTC as Potential Leader in Spot Bitcoin ETF Market Grayscale’s GBTC continued to report reductions in its bitcoin […] Source link
The hunt for liquidity might be playing a role in OMNI’s significant crash today, as it was seen in yesterday’s PRCL airdrop. The post OMNI crashes 44% less than 12 hours after its airdrop appeared first on Crypto Briefing. Source link
The promising Layer 1 blockchain developer, Brairain, completed a Series B financing round that raised $100 million — implying increased investor confidence and a promising phase of growth for this venture. hiFramework (alongside BH Digital-AD) led the round. A number of top-level investors contributed significantly to the round, namely Polychain, Hack VC, Samsung Next, etc. Large projected investments form the core of Berachain’s growth strategy for crucial global markets, Hong Kong, Singapore, Southeast Asia, Latin America, and Africa. This intercontinental debut is a testimony to the technical excellence of the Berachain (which has transacted over 100 million transactions on its…
Roger Stone, a seasoned Republican political strategist, lobbyist, and former adviser to Donald Trump’s campaign, has endorsed the meme coin TRUMP on X, sparking a 17% increase in its value amid a wider downturn in the cryptocurrency market. Meanwhile, the meme token BODEN experienced a 9% uptick against the U.S. dollar over the last 24 […] Source link
According to analysts at Bitfinex, Bitcoin and its recent activity on exchanges reflects a pattern reminiscent of December 2020, hinting at a possible growth phase. The exchange’s latest report highlights a significant decline in the supply of Bitcoin held by long-term investors on centralized exchanges, reaching its lowest levels in 18 months. This trend, coupled with the forthcoming halving event, suggests a scenario conducive to further price appreciation, as stated by the analysts. Potential Growth On The Horizon The Bitfinex Alpha report underscores the diminishing inactive supply of Bitcoin, particularly those assets stagnant for over a year. This reduction implies…
Bitcoin mining companies are facing a notable decrease in stock value in anticipation of the upcoming halving. Shares of Marathon Digital Holdings, Riot Platforms, and CleanSpark have declined for three consecutive days. Marathon Digital Holdings, the largest public Bitcoin miner, lost nearly 25% of its stock value in the past month, while Riot Platforms lost almost 30%. Additionally, the Valkyrie Bitcoin Miners exchange-traded fund has seen a reduction of about 28% in its value this month. The decline in stock prices continues against a backdrop of increasing short interest in cryptocurrency mining stocks and geopolitical tensions following recent conflicts between…
In recent years, the landscape of digital entertainment and finance has been revolutionized by the meteoric rise of esports and cryptocurrencies. These two sectors, seemingly disparate, have begun to intertwine, creating a new ecosystem where technology, gaming, and finance converge. This fusion offers an innovative way for players, developers, and investors to engage with digital content and financial instruments in ways previously unimaginable. Integration of Cryptocurrencies in Esports The integration of cryptocurrencies in the esports industry is not just about providing an alternative method for transactions; it’s about enhancing player engagement and democratizing the economics of gaming . Through the…
Grand Base, a platform for assets tokenization on Coinbase’s layer-2 blockchain, has disclosed a loss of $ 1.7 million due to a private key compromise. The occurrence resulted in a financial loss and a decline in the value of its token by 99% in a single day. Details of the Grand Base attack The official social media channel of the Grand Base via their Telegram channel was updated that the breach occurred in the early hours of April 15. The admin posted a statement on the platform warning everyone to avoid interfacing with the hacked contract, demanding its total withdrawal…
Posted: February 17, 2021 Customers of a Dubai-based company can now pay in cryptocurrency for visa fees and trade licenses. Kiklabb is a government-owned entity that helps people in setting up their companies in Dubai. According to local reports, clients of Kiklabb can now pay Bitcoin, Ethereum, or Tether to acquire trade licenses as well. Tasawar Ulhaq, chief executive officer of Kiklabb believed that the decision to accept digital currencies as a form of payment is in response to a “growing interest in cryptocurrency,” especially with a surge in customers from the blockchain and fintech sectors in the region. Ulhaq…
Share this article Bitcoin tumbled over the weekend following a drone attack by Iran on Israel. Under the influence of Middle East tensions and the approaching halving, the price plunged from $68,000 to around $60,000 on Saturday, with $1.2 billion in long positions liquidated. Despite this sharp correction, Michael Saylor, co-founder of MicroStrategy, expressed a positive outlook, stating, “Chaos is good for Bitcoin.” Chaos is good for #Bitcoin. — Michael Saylor⚡️ (@saylor) April 13, 2024His statement was shared on X after Bitcoin’s weekend downturn eroded over $1.5 billion from MicroStrategy’s holdings. Still, the company maintains a substantial profit exceeding $6…