Fri, April 19, 2024

Bitcoin trading

Tether

Tether’s Strategic Pivot: Merging AI And Blockchain

Quick Look: Tether (USDT) restructures into four new divisions to harness tech advancements and align with long-term goals. $427 million invested in AI via Nvidia GPUs. $500 million in Bitcoin mining operations in Uruguay, enhancing blockchain capabilities. Partnerships, like Plan B in Lugano, focus on boosting digital literacy and preparing communities for a tech-driven future. …

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cryptos - NEO, railgun, dogwifhat

Dogwifhat: Swift Ascent and Present Market Assessment

Quick Look: Despite recent drops, Dogwifhat’s value has skyrocketed by 52,514.30% over the past year. Trading at $2.47, down 4.43% today and 23.19% below expectations, with a recent high of $4.80. Predominantly bearish with 78% negative indicators, yet support levels suggest possible bullish reversals. Dogwifhat is a digital asset that recently captured the imagination of …

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Binance and Kraken crypto exchanges

Kraken, Coinbase Adapt Amid Regulatory Shifts

Quick Look: Kraken ceased Monero support in Ireland and Belgium. Stablecoin suspension in Canada due to local regulations. Launch of Kraken wallet features robust security, supports multiple blockchains, emphasizes user privacy and minimal data collection. Kraken, a major cryptocurrency exchange, has made notable changes to its service offerings in specific regions. Most recently, on April …

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cryptocurrency - avalanche and others

Cryptocurrency Guide: Tips for New Investors In 2024

With the growing allure of digital currencies, more individuals than ever are looking to step into the world of cryptocurrencies.  A cryptocurrency is a type of digital currency that uses cryptography for security. It acts as both a medium of exchange and a volatile investment avenue, operating outside the purview of central financial authorities. In …

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cryptos - NEO, railgun, dogwifhat

Railgun Token Jumps 150% on Vitalik’s Endorsement

Quick Look: Railgun token prices soared 150% following Vitalik Buterin’s endorsement.  A nearly 10,000% spike in trading volume was observed. US regulators are scrutinizing Railgun due to potential misuse. Buterin proposed a zero-knowledge proof system for compliance. Cryptocurrency market cap reached $2.53 trillion, signalling strong investor confidence. Railgun (RAIL), a privacy-focused cryptocurrency, experienced a dramatic …

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bitcoin

Bitcoin Climbs $65K Amid Tensions and Halving

Quick Look:  Bitcoin recovers to $65,000 despite geopolitical stress. The global crypto market cap stands at $2.36 trillion. Bitcoin halving is set to halve miner rewards on April 20. Rising AI industry competition boosts electricity prices. Hong Kong’s Bitcoin ETFs could drive significant demand. Bitcoin has shown notable resilience in recent days. Thereby navigating through …

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crypto halving

Bitcoin Hits $72K as Halving Fuels Rally

Quick Look: Bitcoin’s value soared past $72,000, igniting investor interest ahead of the April 20 reward halving. The upcoming halving will cut the block reward to 3.125 BTC, expected to trigger a bullish market trend. Altcoins and crypto stocks like Coinbase and MicroStrategy posted gains, reflecting broad market optimism. Conversely, the NFT market experienced a …

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Genesis, Gemini

Genesis’s $4.2B Move: Bitcoin Buys & GBTC Sales Amid Debt

Quick Look: Genesis acquires 32,041 Bitcoins for $2.1 billion, aimed at debt settlement. Sold 36 million GBTC shares for $2.1 billion, enhancing liquidity. Opposition from DCG in bankruptcy proceedings highlights plan complexities. Strategic moves align with the upcoming Bitcoin halving event on April 19. Efforts are part of a broader strategy to revitalize financial standing …

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Bitcoin ReoPro 100

The Dual Security Promise of Bitcoin ReoPro 100 (Version 1.0)

Security in the realm of cryptocurrency trading encompasses more than just the safeguarding of digital assets; it also pertains to the stability of investments and the prevention of volatile market fluctuations impacting one’s financial well-being. Bitcoin ReoPro 100 (Version 1.0) stands at the forefront of this dual aspect of security, offering traders a robust platform …

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Bitcoin, bch

BCH Jumps 10% to $660 After Halving, Eyes on BTC

Quick Look: Bitcoin Cash (BCH) surged 10% post-halving, hitting $660. The BCH halving reduced mining rewards from 6.25 to 3.125 BCH. Bitcoin (BTC) is anticipated to have its halving on April 20, sparking bull market speculations. Mixed performances noted across major cryptocurrencies; Ether, BNB, and Solana up by 1%. BCH futures’ open interest soared from …

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Is solana dead? SOL Price Prediction

Solana Outpaces Market with 5.75% Surge to $192

Quick Look: Solana (SOL) sees a 5.75% increase to $192, outperforming the broader crypto market’s 2.2% rise. Memecoins, including Cat in the Dog’s World (MEW), show significant volatility, soaring by 45%. Total Value Locked (TVL) in Solana’s ecosystem will grow by 70% in 2024, reaching 23.78 million SOL. Zeus Network raises $8 million in seed …

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binance coin - BNB

$1M BNB Chain Initiative Boosts Meme Token Market

Quick Look: BNB Chain launches a $1M Meme Innovation Campaign to revitalise meme tokens, focusing on creativity and community impact. With the announcement, Binance Coin (BNB) experienced a significant price surge, peaking above $600. The campaign is expected to drive innovation in the meme token sector. Backed by BNB Chain’s commitment to digital asset evolution. …

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African cocoa laborers earn less than a dollar a day

Cocoa Prices Triple: Hedge Funds Face Record Exposure

Quick Look: Cocoa prices have skyrocketed, doubling in early 2024 and tripling over the past year. Major chocolate companies face stock declines and increased production costs, pushing chocolate to become a luxury commodity. Financial analysts highlight the negative impact on companies like Hershey, with consumer behaviour shifting due to rising prices. In an unprecedented shift …

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litecoin

Litecoin’s 46% Surge & 407.6% Grayscale Premium

Quick Look: Grayscale Litecoin Trust’s premium to NAV stands at a remarkable 407.6%, offering an opportunity for premium arbitrage. Litecoin (LTC) boasts a strong user base, exceeding 250,000 daily active users for two years, making it a contrarian pick. LTC has surged past $105, showing resilience after a market downturn, with a potential target price …

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Ada

ADA Trading Update: Volume Surge Amid Price Declines

Quick Look: ADA’s price fluctuated significantly this year, peaking at $0.80 in March and now at $0.5852. An upcoming Cardano feature promises enhanced dApp usage and security, generating buzz. Bullish forecasts predict Cardano reaching between $7 and $11 by 2025, driven by network developments. Recent trading activity indicates sustained interest despite price declines, with a …

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