Memecoin Market Cap Soars to $56 Billion Amidst Trading Frenzy

The total market capitalization of memecoins in the cryptocurrency space has now topped the $56 billion mark after the value of these tokens nearly tripled since the beginning of this year, amid a memecoin mania that has seen traders make and lose fortunes in days. According to IntoTheBlock’s Q1 2024 On-Chain report, demand for memecoins…Read full story at CryptoGlobe >

Charles Hoskinson on Cardano ($ADA) Ecosystem: ‘We Are Holding All the Cards’

Amidst renewed criticism directed towards Cardano, Charles Hoskinson, who is Co-Founder and CEO of IOG, took to social media platform X on April 7 to express his unwavering confidence in the project’s future. While acknowledging the current chatter around Cardano, Hoskinson remains unfazed, highlighting several aspects he believes will secure the network’s long-term success. Hoskinson…Read full story at CryptoGlobe >

Ripple CEO Foresees Cryptocurrency Market Valuation Soaring to $5 Trillion by Year End

In an insightful dialogue with CNBC, Brad Garlinghouse, the Chief Executive Officer of Ripple, articulated a robust and optimistic projection for the cryptocurrency sector, envisaging the market’s total value catapulting to $5 trillion over the course of the year, according to CNBC. Garlinghouse’s forecast is rooted in an analysis of significant macroeconomic developments and sector-specific…Read full story at CryptoGlobe >

Prominent Analyst on Ripple’s Upcoming XRPL-Powered USD-Backed Stablecoin: ‘This Changes Everything for Ripple’

Last Friday, Kevin Paffrath, on his highly popular YouTube channel Meet Kevin, kicked off the discussion by highlighting Ripple’s landmark victory in July 2023, when the SEC declared that the XRP token is not inherently a security. Paffrath pointed out how this regulatory win was a pivotal moment for Ripple, setting a precedent for the…Read full story at CryptoGlobe >

From Bitcoin Halving to SBF’s Sentencing: Anthony Scaramucci’s Comprehensive Crypto Analysis

Anthony Scaramucci, the Founder and Managing Partner of SkyBridge Capital, provided a comprehensive overview of Bitcoin’s growth potential, Sam Bankman-Fried’s sentencing, and the future of the cryptocurrency space during his appearance on CNBC’s “Closing Bell” on April 5, 2024. Anthony Scaramucci is an American financier, entrepreneur, and political figure known for his brief tenure as…Read full story at CryptoGlobe >

Shiba Inu’s Community Remains ‘Stronger Than Ever’ Even after $SHIB Price Dropped Over 20% in a Month

The meme-inspired cryptocurrency Shiba Inu ($SHIB) has lost around 23% of its value over the past month, despite surging more than 270% over the past 6-month period amid a wider cryptocurrency market surge. The cryptocurrency’s community, however, has helped it maintain strong social activity. According to a post shared in the microblogging platform X (formerly…Read full story at CryptoGlobe >

Uniswap Hits $2 Trillion Trading Volume Milestone as $UNI Price Struggles

Leading decentralized cryptocurrency exchange Uniswap, has crossed a significant threshold, surpassing $2 trillion in total trading volume five and a half years after it was first launched back in November 2018 The milestone, first reported by Cointelegraph, according to data tracked by a Dune Analytics dashboard compiled by Uniswap’s own Zach Wong, came after trading…Read full story at CryptoGlobe >

Crypto Analyst Who Nailed Bitcoin’s 2018 Bear Market Bottom Predicts Incoming Rally for Ethereum Rival $NEAR

A top cryptocurrency strategist who has gained a large following on social media after accurately calling Bitcoin’s 2018 bear market bottom above $3,000 has recently suggested that the price of smart contract platform NER Protocol ($NEAR) could soon explode upward to around $10.5. The pseudonymous trader Bluntz Capital shared with their over 250,000 followers a…Read full story at CryptoGlobe >

Memecoin Takeover: $SHIB, $PEPE, and $FLOKI Outshine Bitcoin’s Trading Volume on India’s Largest Exchange

A quirky shift has taken hold in the Indian cryptocurrency market, with memecoins surging in popularity to the point meme-inspired cryptocurrency Shiba Inu ($SHIB), $PEPE, and $FLOKI dominated trading on the country’s leading cryptocurrency exchanges WazirX last month. Data first reported on by Benzinga reveals that, on WazirX, all of the top five most traded…Read full story at CryptoGlobe >

BitMEX Founder Predicts Potential 800% Rally for DeFi Token ENA Newly Listed on Binance

The founder of cryptocurrency derivatives treading platform BitMEX, Arthur Hayes, has recently made a bold price prediction on an Ethereum-based cryptocurrency that recently saw listings on major cryptocurrency exchange including Binance. In a post shared on the microblogging platform X (formerly known as Twitter), Hayes suggested that the price of Ethena Labs’ governance token Ethena…Read full story at CryptoGlobe >

Bitcoin Mirroring Nasdaq? Analyst Predicts $90,000 by Year’s End if Trend is Confirmed

According to a popular cryptocurrency analyst, the price of Bitcoin ($BTC) has been “mirroring the Nasdaq’s price movements closely,” which could mean the cryptocurrency is headed toward the $90,000 mark later this year if the pattern is confirmed. In a post shared with his over 56,000 followers on the microblogging platform X (formerly known as…Read full story at CryptoGlobe >

Ripple Plans to Launch USD-Backed Stablecoin on Ethereum and XRP Ledger

Ripple, a leading provider of enterprise blockchain and crypto solutions, announced its plans to launch a stablecoin pegged 1:1 to the US dollar (USD) on April 4, 2024. The stablecoin will be fully backed by a reserve of US dollar deposits, short-term US government treasuries, and other cash equivalents, with monthly attestations published by a…Read full story at CryptoGlobe >

Coinbase’s Base Blockchain Is Becoming a Hotbed for Memecoin Mania: Bloomberg

In an article published by Bloomberg News on April 2, 2024, the explosive growth of Coinbase’s Base blockchain has been attributed to the memecoin frenzy that has taken the platform by storm. Base, designed to be the cornerstone of Coinbase’s expansion into decentralized finance (DeFi) and non-fungible tokens (NFTs), has seen an influx of activity,…Read full story at CryptoGlobe >

Crypto Trader Turns $100 into $8.3 Million on Coinbase’s Base in Less Than a Week

A cryptocurrency trader has managed to turn just 0.1 Ether ($ETH) into over $8.3 million on Coinbase’s Layer-2 scaling solution Base in less than a week by trading little-known cryptocurrencies with market capitalization below the $5,000 mark. In a post shared on the microblogging platform X (formerly known as Twitter) on-chain analysis service Lookonchain detailed…Read full story at CryptoGlobe >

Bitcoin ($BTC) Price Hitting $100,000 ‘Inevitable’ This Year, Analyst Predicts

A popular quantitative cryptocurrency analyst, known for his Stock-to-Flow model, has recently revealed he believes it’s “inevitable” the price of Bitcoin reaches the $100,000 mark this year, and predicted BTC will trade above $200,000 over the coming bull market cycle, and could potentially exceed the $1 million mark. In a recently published video on the…Read full story at CryptoGlobe >

Crypto Analyst Explains His Ultra-Bullish Long-Term Predictions for Ethereum and XRP

CrediBULL Crypto, a very popular pseudonymous crypto analyst, recently shared his insights into the future pricing of Bitcoin (BTC), Ethereum (ETH), and XRP. Let’s take a closer look at his highly bullish price predictions. When queried about Ethereum’s peak in the current cycle, CrediBULL didn’t hesitate to forecast an ambitious target. “Ethereum could see a…Read full story at CryptoGlobe >

ByteTrade Lab and UC Berkeley Partner to Explore the Next Generation of Decentralized AI

[CALIFORNIA, April 3rd, 2024] – ByteTrade Lab, an industrial partner with the University of California, Berkeley (“Berkeley”) FHL Vive Center, today announced that the partnership has led to the launch of GaiaNet, a new decentralized AI infrastructure project. GaiaNet is a decentralized network that provides secure, censorship-resistant, and monetizable AI agents that incorporate each individual’s…Read full story at CryptoGlobe >

BitVM-Based Bitlayer, a Leading Bitcoin L2, Nets $5M in Funding, Unveils $50M ‘Ready Player One’ Program

Singapore, Singapore, April 3rd, 2024, Chainwire Bitlayer Labs, the first Bitcoin Layer 2 solution based on BitVM, announced a seed round of $5M led by Framework Ventures and ABCDE Capital, participation by StarkWare, OKX Ventures, Alliance DAO, UTXO Management, Asymmetric Capital and many more. The announcement comes as Bitlayer prepares the launch of its open-incentive…Read full story at CryptoGlobe >

Goldman Sachs Wealth Management CIO Unwavering in Her Crypto Skepticism Despite Soaring Bitcoin Values

In a financial landscape increasingly captivated by the allure of cryptocurrencies, Sharmin Mossavar-Rahmani stands as a steadfast beacon of skepticism. As the Chief Investment Officer of Goldman Sachs Wealth Management for over two decades, Mossavar-Rahmani has adeptly navigated through the complexities of the financial markets, advocating for traditional investment principles. Despite the escalating trend of…Read full story at CryptoGlobe >

Dogecoin’s Bullish Close Signals Potential ‘Explosive’ $DOGE Price Growth to $1: Analyst

The price of the meme-inspired cryptocurrency Dogecoin ($DOGE) could soon start seeing an “explosive” upward surge after seeing its first bullish monthly close in the last three years, with an analyst predicting its price could surge to as much as $1. According to the popular pseudonymous cryptocurrency analyst Milkybull Crypto, who shared his DOGE price…Read full story at CryptoGlobe >

Tether Bolsters Bitcoin ($BTC) Holdings, Becomes Seventh-Largest Wallet Holder With Nearly $5 Billion

Leading stablecoin issuer Tether, the company behind the world’s largest stablecoin USDT, has quietly added around 8,888.888 BTC to its stash for a total of around $618 million, bringing the company’s total Bitcoin holdings to around 75,354 BTC. The company’s suspected Bitcoin holdings make it the owner seventh-largest Bitcoin wallet in the world, with nearly…Read full story at CryptoGlobe >

U.S. and UK Join Forces in Pioneering AI Safety Standards

On 1 April 2024, a significant stride was taken towards enhancing the safety of artificial intelligence technologies as the United States and the United Kingdom, through their respective AI Safety Institutes, announced a groundbreaking partnership. This collaboration, underscored by a Memorandum of Understanding (MOU) signed between U.S. Commerce Secretary Gina Raimondo and UK Technology Secretary…Read full story at CryptoGlobe >

Kraken CTO: ‘Crypto Is Uniquely Suited To Adopt AI’

Kraken’s Chief Technology Officer, Vishnu Patankar, recently discussed the significant impact of artificial intelligence (AI) on the cryptocurrency industry, emphasizing its potential to resolve scalability challenges inherent to the sector. As outlined by Patankar, the crypto industry’s volatility and the constant demand placed on core operational functions such as account sign-ups, client responses, and token…Read full story at CryptoGlobe >

Bitcoin’s Macro Story: U.S. Government Can’t Keep Its Pants On and Is Spending Too Much Money (Says Mike Novogratz)

Mike Novogratz, the CEO of Galaxy Digital, provided compelling insights into Bitcoin’s evolving market dynamics at the recent Bitcoin Investor Day conference in New York City. According to Novogratz, following the U.S. Securities and Exchange Commission’s (SEC) landmark approval of 11 spot Bitcoin ETFs in January, Bitcoin has been catapulted into a new realm of…Read full story at CryptoGlobe >

Life After FTX: The Uncertain Future of SBF’s Closest Associates

In the aftermath of the FTX scandal, a narrative unfolds around three individuals closely linked to Sam Bankman-Fried. As Bloomberg reported recently, Caroline Ellison, Nishad Singh, and Gary Wang, once integral to the cryptocurrency exchange, played pivotal roles in the events leading to Bankman-Fried’s recent 25-year sentence for a multibillion-dollar fraud. As per Bloomberg, the…Read full story at CryptoGlobe >

Tether Achieves Important Security Milestone

Stablecoin issuer Tether has announced the successful completion of the System Organization Control (SOC) 2 Type 1 audit. According to Tether, this step is integral to reinforcing its commitment to providing a secure and transparent environment for its users, highlighting its role as a frontrunner in the industry. The SOC 2 Type 1 audit, recognized…Read full story at CryptoGlobe >

Sam Bankman-Fried Tells ABC News: I Never Thought That What I Was Doing Was Illegal After Being Sentenced to 25 Years in Prison

Sam Bankman-Fried (aka “SBF”), the former cryptocurrency entrepreneur behind the fallen exchange FTX, was sentenced to a 25-year prison term for a series of financial frauds. In recent exclusive correspondence with ABC News, Bankman-Fried conveyed a deep sense of remorse for his actions that precipitated one of the most dramatic downfalls in the crypto industry….Read full story at CryptoGlobe >

$BTC: We Are in the Phase of Transitioning Between ‘Enthusiastic Bull’ and ‘Euphoric Bull’, Says Glassnode Analyst

In a recent interview with Cointelegraph, James Check, the lead on-chain analyst at Glassnode, shared his predictions and insights into the Bitcoin market. He suggested that we’re on the cusp of entering the second, more explosive phase of the current bull cycle, referred to as “the euphoric bull.” James Check explains that we are transitioning…Read full story at CryptoGlobe >

Pomp Investments Founder on Bitcoin: ‘We Just Hit a Really Important Milestone Before the Halving’

Earlier today, Anthony Pompliano, founder of Pomp Investments, shared his insights on Bitcoin in a CNBC “Squawk Box” interview. Pompliano began by discussing Bitcoin’s complex nature, highlighting its dual role as both a risk-on asset and a hedge against inflation, depending on the investor’s perspective. He emphasized Bitcoin’s significant milestone of achieving the highest weekly,…Read full story at CryptoGlobe >

$TRX: Tron Foundation Challenges SEC Lawsuit Over Jurisdiction and Token Classification

On March 28, Tron Foundation urged a New York federal court to drop a lawsuit initiated by the U.S. SEC, arguing that the SEC is overreaching by targeting actions that primarily occurred outside the U.S. The foundation’s dismissal motion highlights its stance against the SEC’s global jurisdiction claims over its digital asset offerings. The SEC’s…Read full story at CryptoGlobe >

BitMEX Co-Founder Champions Memecoins as Catalysts for Blockchain Innovation

Arthur Hayes, a co-founder of BitMEX, recently engaged in a discussion with Real Vision CEO Raoul Pal, where he shared his bullish views on memecoins within blockchain ecosystems. Hayes regards memecoins not just as digital assets but as a vibrant form of communal expression that enriches the crypto world with its diversity and creativity. He…Read full story at CryptoGlobe >

Strike CEO: U.S. Will Try to Money Print Its Way Out of Debt Crisis, Boosting Bitcoin to New Highs

In a landscape where the US government’s debt has skyrocketed to a staggering $34.578 trillion, Strike CEO Jack Mallers sheds light on an inevitable economic trajectory that could significantly bolster Bitcoin (BTC). Speaking with Bloomberg Technology’s Ed Ludlow, Mallers offers a profound analysis of fiscal policies and their implications for the future of cryptocurrency. The…Read full story at CryptoGlobe >

Short Sellers Double Down on $11 Billion Bet Against Crypto Stocks

Amidst the dramatic surge in Bitcoin, short sellers are not backing down from their pessimistic bets on cryptocurrency-related stocks, wagering billions in anticipation of a market downturn. According to a Bloomberg report by Carmen Reinicke published on March 26, data from S3 Partners LLC reveals that total short interest in the crypto sector has escalated…Read full story at CryptoGlobe >

Russia’s Central Bank Bets on Chinese Yuan Amid Sanctions Squeeze

In a revealing update from Russia’s central bank, it’s become clear that amidst ongoing international tensions, the Chinese yuan is emerging as a crucial asset for Russia’s reserve holdings. According to a Bloomberg News article published on March 29, the Russian financial authority has expressed a lack of viable alternatives to the yuan following the…Read full story at CryptoGlobe >

Riding the Bitcoin Bull: Grayscale’s Insights on the Current Crypto Cycle

In a recent research report, Grayscale Investments, a well-known digital asset management firm, has offered its perspective on the current state of the Bitcoin market and the factors driving its bullish momentum. The report suggests that we are currently in the middle of a bull run, drawing comparisons to the fifth inning of a baseball…Read full story at CryptoGlobe >

Beyond SBF — How Crypto Evolves and AI Drives Business Efficiency: Insights from a Former FTX Investor

Arjun Sethi, the former CEO of Tribe Capital, appeared on CNBC’s “Closing Bell: Overtime” on March 28 to discuss the ramifications of Sam Bankman-Fried’s (SBF) trial and sentencing on the crypto industry. Arjun Sethi is a distinguished figure in the entrepreneurial and investment landscape, holding key positions as the Co-Founder, Chairman, and Chief Investment Officer…Read full story at CryptoGlobe >

ChatGPT Creator OpenAI’s Voice Cloning Technology Is So Good That Even They Find It Too Scary for Public Release

OpenAI, a prominent artificial intelligence research organization, published a blog post on March 29, discussing their latest development: Voice Engine. This model, created in late 2022, can generate natural-sounding speech that closely resembles the original speaker using only a 15-second audio sample and text input. While the technology is impressive, OpenAI is cautious about its…Read full story at CryptoGlobe >

Coinbase Research on What to Expect From the Cryptocurrency Markets in Q2 2024

On March 30, David Duong, the Head of Institutional Research at Coinbase, shared a research note on LinkedIn, analyzing the current state and future outlook of the cryptocurrency markets as of this date. Despite potential disruptions from US holidays and the typical end-of-month and quarter corporate rebalancing, Duong notes that the crypto markets have remained…Read full story at CryptoGlobe >

Why the Bitcoin Price Should Reach $150,000 by 2025, Explains Morgan Creek Capital Management CEO

In an appearance on CNBC’s “Fast Money” on March 28, Mark Yusko, the founder and CEO of Morgan Creek Capital Management, shared his thoughts on the cryptocurrency market. Yusko’s forecast for Bitcoin is notably bullish, predicting a potential rise to $150,000 within the next year. This projection is underpinned by a mathematical model that applies…Read full story at CryptoGlobe >

Bitwise Files Registration Statement for Spot Ethereum (ETH) ETF Despite U.S. SEC’s Cryptic Stance

Bitwise Asset Management (aka “Bitwise Investments”) has filed with the United States Securities and Exchange Commission (SEC) to list and trade shares of a spot Ethereum ETF. In a March 28 filing, Bitwise filed a Form S-1 registration statement with the SEC for shares of its spot Ethereum ETF. The filing came amid speculation that…Read full story at CryptoGlobe >

Hedge Fund Kerrisdale Capital Shorts MicroStrategy Stock (Down 11%), Bets on Spot Bitcoin ETFs — Here’s Why

In a recent report titled “Long Bitcoin / Short MicroStrategy Inc (MSTR): Know When to HODL, Know When to FODL,” Kerrisdale Capital Management outlines a bold investment strategy. The hedge fund advocates going long on Bitcoin directly while simultaneously shorting shares of MicroStrategy (NASDAQ: MSTR), a publicly traded company known for its aggressive Bitcoin accumulation…Read full story at CryptoGlobe >

SBF Trial: The ‘Awkward Math Nerd’ Is Given a 25-Year Prison Sentence Despite Pleaing for ‘The Opportunity To Meet a Partner and Have a Baby’

On 28 March 2024, the U.S. Department of Justice (DOJ) announced that Samuel Bankman-Fried (aka “SBF”), a co-founder of the cryptocurrency exchange FTX and the trading firm Alameda Research, had been sentenced to 25 years in prison. The sentence, delivered by U.S. District Judge Lewis A. Kaplan, also includes three years of supervised release and…Read full story at CryptoGlobe >

Bitwise Asset Management CIO Matt Hougan Unveils His Long-Term Vision for Spot Bitcoin ETFs

Matt Hougan is the Chief Investment Officer (CIO) at Bitwise Asset Management (aka “Bitwise Investments”). Hougan is well-regarded in the investment community for his deep expertise in exchange-traded funds (ETFs) and cryptocurrency. He has been a vocal advocate for the potential of cryptocurrencies to transform the financial industry, contributing to Bitwise’s mission of bridging the…Read full story at CryptoGlobe >

Why BlackRock CEO Is ‘Very Bullish on the Long-Term Viability of Bitcoin’

In an interview with Fox Business on Wednesday, BlackRock CEO Larry Fink expressed his pleasant surprise at the outstanding performance of his firm’s spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT). Fink mentioned that IBIT has become the fastest-growing ETF in history (with $13.5 billion in flows within its first 11 weeks of trading). The…Read full story at CryptoGlobe >

BlackRock’s Ethereum-Powered Digital Money Market Fund Sees Over $240M in Its First Week

According to Bloomberg, BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), which was launched on March 20, has seen an influx of over $240 million. This tokenized fund, issued on the Ethereum blockchain, offers investments in cash, US Treasury bills, and repurchase agreements, issuing a cryptocurrency token, BUIDL, valued at $1 per token to represent share…Read full story at CryptoGlobe >

OPZ Launches AI-Powered Wallet on iOS/Android and Raises $200K+ Within Hours

Singapore, Singapore, March 27th, 2024, Chainwire OPZ Token ($OPZ) is an all-in-one solution that combines a wallet on iOS & Android, decentralized exchange, advanced AI trading, and NFC technology. It provides 1,000,000,000 tokens for traders. Using ERC-20, this token employs powerful AI trading technology to handle users’ trades. Traders buy and hold the tokens, AI system…Read full story at CryptoGlobe >

Crypto Exchange KuCoin and Its Two Founders Are Charged With Violating U.S. Anti-Money Laundering Laws

The U.S. Attorney’s Office for the Southern District of New York, in conjunction with Homeland Security Investigations (HSI), has announced the unsealing of an indictment against global cryptocurrency exchange KuCoin and two of its founders, Chun Gan (also known as “Michael”) and Ke Tang (also known as “Eric”), for serious violations of U.S. financial regulations….Read full story at CryptoGlobe >

HSBC Introduces Blockchain-Powered Tokenized Gold to Retail Banking in Hong Kong

In a landmark development for the financial industry, HSBC has introduced a groundbreaking service to its retail customers in Hong Kong, marking the bank’s foray into the fusion of digital and traditional assets. The South China Morning Post (SCMP) reports that HSBC has launched the HSBC Gold Token, a blockchain-based representation of physical gold, underscoring…Read full story at CryptoGlobe >

Crypto Trader Loses $138,000 in 35 Minutes Trading Little-Known Solana-Based Altcoin

The allure of getting in early on a promising new cryptocurrency can be powerful and various traders have been successful at doing so, but a recent incident involving the launch of a coin called $PUNDU highlights the significant dangers associated with impulsive buying on new listings. On-chain analysis service Lookonchain has recently revealed that an…Read full story at CryptoGlobe >

Bitcoin’s Fifth-Largest Whale Moves Over $6 Billion in Mysterious BTC Transaction

One of the largest Bitcoin ($BTC) whales, known only by their address starting with “37X” on the cryptocurrency’s blockchain, has recently moved over $6 billion worth of BTC in a mysterious move. According to data shared by popular on-chain analytics firm Arkham Intelligence, first reported by Cointelegraph, the major Bitcoin whale’s address, 37X, held on…Read full story at CryptoGlobe >

Bitfinex Report Points to Key Bitcoin ($BTC) Support Level After Recent Dip

The price of the flagship cryptocurrency Bitcoin ($BTC) appears to have established a temporary price floor of around $56,000 after experiencing a 17.5% decline from a new all-time high above the $73,000 mark earlier this month. According to a recently published Bitfinex Alpha report, the cryptocurrency’s price stabilized over a slowdown in inflows to spot…Read full story at CryptoGlobe >

Altcoin Season? Crypto Analyst Predicts Altcoins Could Outperform Bitcoin to Near $1 Trillion Market Cap

Popular cryptocurrency analyst Michaël van de Poppe is forecasting a surge in the value of altcoins, the term used to refer to cryptocurrencies other than Bitcoin, expecting them to see their total market capitalization near $1 trillion. In a post on the microblogging platform X (formerly known as Twitter) shared with his 707,500 followers, van…Read full story at CryptoGlobe >

How SWIFT Plans to Maintain Its Dominance in the Face of Upcoming CBDCs

SWIFT, or the Society for Worldwide Interbank Financial Telecommunication, is a global messaging network used by banks and other financial institutions to securely transmit information and instructions through a standardized system of codes. Established in 1973 and headquartered in Belgium, it facilitates the vast majority of international wire transfers, making it a cornerstone of the…Read full story at CryptoGlobe >

Crypto Investors Pull Back: $942 Million Leaves Investment Products After Market Correction, $XRP and $DOT See Inflows

Cryptocurrency investment products saw outflows totaling $942 million over the past week, after seven weeks of inflows that totaled more than $12 billion amid “hesitancy” among investors that came as a result of a recent cryptocurrency market correction. According to CoinShares’ Digital Asset Fund Flows report, trading volumes in exchange-traded products (ETPs) remained high over…Read full story at CryptoGlobe >

U.S. SEC Asking the Court To Hit Ripple With ‘$2B in Fines and Penalties’ in XRP-Related Lawsuit, Reveals Ripple’s Chief Legal Officer

On July 13, 2023, in the case of SEC v. Ripple Labs, Inc., document number 2023 WL 4507900 in the Southern District of New York, Judge Analisa Torres ruled in a summary judgment that while Ripple’s direct sales of XRP to institutional buyers were considered securities transactions, its sales on secondary trading platforms were not….Read full story at CryptoGlobe >

Floki ($FLOKI) Unveils 2024 Roadmap, Featuring Digital Banking and DeFi Integration

The team behind the meme-inspired cryptocurrency Floki (FLOKI) has released an extensive roadmap for 2024, outlining a series of developments designed to increase the token’s utility and expand its ecosystem. Floki ($FLOKI) started as a meme-inspired cryptocurrency based on Elon Musk’s Shiba Inu dog, quickly evolving into a comprehensive ecosystem backed by an engaged community….Read full story at CryptoGlobe >

CNBC’s Jim Cramer Says ‘We Are Big Fans of Bitcoin’ During Conversation With Block (NYSE: SQ) CFO

Earlier today, in a comprehensive discussion with CNBC’s Jim Cramer, Block Inc.’s CFO and COO Amrita Ahuja shared in-depth insights into the company’s strategic direction, innovative product offerings, and future growth prospects. Block, Inc. (formerly known as Square, Inc.) is a technology company co-founded by Jack Dorsey, who is also a co-founder of Twitter. Block…Read full story at CryptoGlobe >

ARK Invest CEO Cathie Wood Hails BTC as a ‘Financial Super Highway’ at Bitcoin Investor Day in New York City

DeFi Technologies subsidiary, Reflexivity Research, hosted its inaugural Bitcoin Investor Day in New York City on March 22, 2024. The event aimed to bridge the gap between traditional finance and the transformative power of Bitcoin. Anthony Pompliano, Reflexivity’s co-founder, moderated discussions featuring industry leaders like Cathie Wood, Anthony Scaramucci, and Mike Novogratz, who explored Bitcoin’s…Read full story at CryptoGlobe >

BTC’s Million-Dollar Future? Unpacking SkyBridge Capital Founder’s Bitcoin Investor Day Insights

Reflexivity Research, a subsidiary of DeFi Technologies, held its first-ever Bitcoin Investor Day in New York City on 22 March 2024. The event sought to merge traditional financial principles with the innovative potential of Bitcoin. Hosted by Anthony Pompliano, the co-founder of Reflexivity, the conference featured prominent discussions about the role of Bitcoin in both…Read full story at CryptoGlobe >

Will the Bitcoin Halving Reshape the Global Mining Landscape?

The next Bitcoin halving is estimated to occur around 20 April 2024. These halving events happen roughly every four years, but the exact date can vary slightly due to minor fluctuations in block creation times on the Bitcoin network. Bitcoin halvings are incredibly significant because they directly impact the rate at which new Bitcoins enter…Read full story at CryptoGlobe >

Crypto Hardware Wallet Maker Trezor Confirms User Assets Are Safe After Cunning Hack of Its X (Twitter) Account

In a recent statement, Trezor, a leader in the cryptocurrency hardware wallet industry, addressed concerns over a security breach of its official X (formerly Twitter) account. Despite stringent security measures, including the implementation of strong passwords and two-factor authentication, Trezor disclosed that unauthorized activity was detected on their X account on the evening of 19…Read full story at CryptoGlobe >

Ethereum Weathers the Storm: On-Chain Analysis by IntoTheBlock Suggests Resilience Amidst FUD

In the March 22nd issue of his firm’s “On-Chain Insights” newsletter, Lucas Outumuro, Head of Research at crypto analytics firm IntoTheBlock (ITB), dives into the recent criticism and scepticism surrounding Ethereum (ETH). He addresses concerns about ETH’s price performance and perceived regulatory threats, counterbalancing them with on-chain metrics that point to continued growth and bullish…Read full story at CryptoGlobe >

Key Technical Indicator Suggests Ethereum ($ETH) Price Could Top $5,400 This Year

Technical indicators suggest Ethereum ($ETH), the world’s second-largest cryptocurrency by market capitalization, could see its price climb above $5,400 this year, according to data shared by a cryptocurrency analyst. The analysis, based on the Mayer Multiple oscillator, which is calculated “as the ratio between price, and the 200-day moving average” points to the possibility of…Read full story at CryptoGlobe >

Dogecoin to the Moon? Analyst Predicts Potential 550% Increase for $DOGE Price

A prominent cryptocurrency analyst has recently revealed he is bullish on the price of the meme-inspired cryptocurrency Dogecoin ($DOGE), predicting it could surge over 550% from its current levels to reach the coveted $1 mark. In a recently published video on the Google-owned platform YouTube, pseudonymous cryptocurrency analyst DonAlt revealed that he believes DOGE reaching…Read full story at CryptoGlobe >

Cardano Defies Crypto Downturn: Smart Contract Development Up 170% Year-to-Date

Amid a wider cryptocurrency market downturn that has seen cryptocurrency prices plunge after Bitcoin ($BTC) hit a new all-time high, the smart contract platform Cardano ($ADA) has been seeing its smart contract development skyrocket. Data from Cardano Blockchain Insights shows a remarkable increase of over 170% in Plutus scripts, the network’s language for building smart…Read full story at CryptoGlobe >

SEC Chair Gary Gensler Calls Out Crypto Firms Seeking to Avoid Disclosure Requirements

In his prepared remarks for the Columbia Law School conference, U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler emphasized the importance of mandatory disclosure in protecting investors and promoting market efficiency, especially in the context of cryptocurrency markets. Gensler began his speech by expressing his personal views, which do not necessarily represent those of…Read full story at CryptoGlobe >

FinTech Firm Revolut on Bitcoin’s 2024 Halving and Its Market-Shaking Potential

As the world of cryptocurrency gears up for Bitcoin’s much-anticipated halving event in April 2024, investors and enthusiasts alike are speculating about its potential impact on the market. Karl Devin, a key figure in the Strategy & Operations (Crypto) team, sheds light on the significance of this event and what it could mean for the…Read full story at CryptoGlobe >

The Dawn of a New Era: Is a Bitcoin Supercycle on the Horizon?

In a captivating solo episode of his podcast, Anthony Pompliano, Founder of Pomp Investments, meticulously unravels the complexities surrounding the notion of a Bitcoin supercycle. According to Pompliano, understanding Bitcoin’s historical cycles and the significant impact of halving events is crucial for grasping the asset’s future trajectory. He emphasizes that each halving, a pre-programmed event…Read full story at CryptoGlobe >

People in Argentina Reportedly Turning to Bitcoin Amidst Inflation Crisis

For decades, instability has forced Argentines to seek safe haven in the US dollar. Yet, a startling shift is underway, as reported by Bloomberg. President Javier Milei’s economic reforms and a flagging exchange rate are apparently pushing Argentines to abandon their ‘greenback’ tradition and seek inflation protection in Bitcoin. Bloomberg highlights that Argentina is one…Read full story at CryptoGlobe >

Bernstein Predicts Bitcoin ($BTC) Price Will Hit $90,000 by Year-End Amid Bullish Market Factors

Financial services firm Bernstein raised its year-end price target for the flagship cryptocurrency Bitcoin ($BTC) to $90,000 from $80,000, citing a confluence of bullish factors. According to a recent report by analysts Gautam Chhugani and Mahika Sapra. a new Bitcoin bull cycle is underway, fueled by strong inflows into the newly launched spot Bitcoin exchange-traded…Read full story at CryptoGlobe >

Fed Holds Rates, Hints at Cuts: Bitcoin Soars as BlackRock Enters ‘$5 Trillion Market by 2030’

The price of Bitcoin has recently rallied to add more than $100 billion to its market capitalization after the Federal Reserve decided to maintain interest rates, and Fed Chair Jerome Powell suggested up to three rate cuts could be seen this year. However, even before the Fed’s announcement triggered a BTC price surge, BlackRock, the…Read full story at CryptoGlobe >

BlackRock’s $100 Million Institutional Fund Wallet Flooded With Memecoins, NFTs

The world’s largest asset manager BlackRock has recently launched its first Ethereum-based tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which saw the firm fund an Ethereum wallet with $100 million worth of USDC. This initial foray into crypto, however, has taken an unexpected turn. Following the public identification of BlackRock’s wallet address, a…Read full story at CryptoGlobe >

Coinbase’s Chief Legal Officer Slams U.S. SEC’s Ethereum ($ETH) ‘Misinformation’

Coinbase’s Chief Legal Officer, Paul Grewal, has taken to social media to counter recent reporting about the U.S. Securities and Exchange Commission’s (SEC) potential classification of Ethereum (ETH) as a security. Grewal’s strongly-worded response comes as the crypto community anxiously awaits a decision on proposed spot Ethereum ETFs. A Fortune report published on March 20…Read full story at CryptoGlobe >

Floki and TokenFi Score Big, Becoming Official Crypto Partners for World Table Tennis Championship in South Korea

Floki ($FLOKI) and TokenFi, a platform within the Floki ecosystem, have been announced as the official cryptocurrency partners for the upcoming WTT Champions Incheon 2024 event in Incheon, South Korea. This partnership represents a continued push by the Floki project to leverage sporting events for brand awareness. Floki ($FLOKI) began as a meme coin inspired…Read full story at CryptoGlobe >

Coinbase Bets Big on Dogecoin ($DOGE) Futures, Defying Meme Coin Origins

Coinbase has announced plans to launch cash-settled futures contract products for Dogecoin, Litecoin, and Bitcoin Cash as early as April 1, 2024. The announcement, made through three separate letters to the United States Commodity Futures Trading Commission (CFTC) on March 7, highlights Coinbase’s belief in Dogecoin’s “enduring popularity” and its transcendence from a mere meme…Read full story at CryptoGlobe >

Stablecoin Market Explodes With Tether (USDT) Market Cap Surging Past $100 Billion: CCdata

CCData has released the March 2024 edition of its “Stablecoins & CBDCs Report.” CCData is a leading company specializing in digital asset data and index solutions. They collect and aggregate vast amounts of pricing data on cryptocurrencies from various exchanges and sources, meticulously cleaning and standardizing it for use by institutions and retail investors. CCData…Read full story at CryptoGlobe >

Kraken Launches Qualified Custody Solution for Crypto in the U.S. via Its State-Chartered Bank

On 20 March, Kraken Institutional announced the rollout of its qualified custody solution, Kraken Custody, via Kraken Financial, signalling a significant enhancement in security and services for institutional clients in the cryptocurrency sector. As a part of one of the most secure and longest-standing cryptocurrency exchanges, Kraken Financial, is now authorized to offer digital asset…Read full story at CryptoGlobe >

The World’s Largest Asset Manager Is Using Ethereum to Power Its First Tokenized Fund

In an innovative move marking its first foray into blockchain-based financial products, BlackRock has introduced the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), according to a press release from 20 March 2024. This groundbreaking tokenized fund, issued on the Ethereum blockchain, aims to provide qualified investors with the ability to earn US dollar yields by…Read full story at CryptoGlobe >

XRP Analyst Maintains $27 Price Target, Citing Technical Similarities to 2017 Rally

A popular cryptocurrency analyst has recently suggested that the price of the native token of the XRP Ledger, XRP, could soon move to the $27 mark within the current market cycle, with his analysis hinging on a perceived similarity between XRP’s current price chart and historical patterns observed in 2017. The analyst, EGRAG Crypto, pointed…Read full story at CryptoGlobe >

$XRP Glitch Sends Price Soaring to $74 on Exchange Before Plunging Back to Reality

The price of the native token of the XRP Ledger, XRP, has seen an exponential surge to trade at a stunning $74 on the Atlantis Exchange for a brief period, far exceeding the cryptocurrency’s current market value of just $0.60. However, excitement quickly turned to disappointment as the price increase was confirmed to be a…Read full story at CryptoGlobe >

Quick Fortune: Crypto Trader Nets Over $3 Million Trading New Solana Memecoin in Minutes

A cryptocurrency trader has managed to make a profit of over $3 million trading a newly launched Solana-based memecoin within just 12 minutes after betting nearly $2 million on it right after it started trading. According to on-chain analysis service Lookonchain, the trader spent 9,894 SOL tokens worth $1.98 million on the meme-inspired cryptocurrency $SLEF…Read full story at CryptoGlobe >

$XRP Price Could Crash to $0.10 After Automated Market Maker Launch, Analyst Suggests

As excitement builds in the XRP community for the imminent launch of an automated market maker (AMM) system on the XRP Ledger, a prominent analyst has issued a stark warning. Popular cryptocurrency analyst Mr. Huber has told their over 64,000 on the microblogging platform X (formerly known as Twitter) that the price of XRP could…Read full story at CryptoGlobe >

Web3 Base Layer – Mystiko.Network Completes a 18 Million USD Seed Funding Round

BVI, BVI, March 20th, 2024, Chainwire Mystiko.Network, the leading Base Layer of Web3, has completed a 18 Million USD seed funding round led by Sequoia Capital India/SEA (now known as Peak XV Partners), with participation from Samsung Next, Hashkey, Mirana, Signum, Coinlist, Naval Ravikant, Sandeep Nailwal, Gokul Rajaram, Tribe Capital, Morningstar Ventures, etc. In less…Read full story at CryptoGlobe >

If You Want Bitcoin’s Huge Upside, You Gotta Accept Its Volatility, Says Pompliano

On March 19, Anthony Pompliano, the founder of Pomp Investments, appeared on Bloomberg TV’s “Bloomberg Crypto,” hosted by Sonali Basak and Tim Stenovec, to share his insights on Bitcoin’s recent price correction, which has seen the flagship cryptocurrency fall below $63,000. TradingView data shows that Bitcoin prices peaked at $73,794 on the Bitstamp exchange on…Read full story at CryptoGlobe >

$BTC: Galaxy Digital’s Global Head of Trading Explains Rationale for His $125K Price Forecast for Bitcoin

In recent weeks, the cryptocurrency community has witnessed Bitcoin’s thrilling ascent to new all-time highs, only to see it retreat below the $63,000 mark. According to data from TradingView, although the Bitcoin price got as high as $73,794 on crypto exchange Bitstamp on March 14, it fell to as low as $61,447 yesterday. This rollercoaster…Read full story at CryptoGlobe >

Coinbase CEO Brian Armstrong Explains What Crypto Is Good For

In a blog post published on March 19, Brian Armstrong, the Co-Founder and CEO of Coinbase, challenges the prevalent skepticism surrounding the utility of cryptocurrencies. Armstrong confronts the narrative that crypto’s only purposes are speculation and illicit activity, saying that over 50 million Americans and 400 million people globally have engaged with crypto, with illicit…Read full story at CryptoGlobe >

Whale Activity Leads to Massive Sell-off of Ethereum Layer-2 Token on Exchanges

The price of Arbitrum (ARB), a leading layer-2 scaling solution for the Ethereum network, has experienced a decline following a significant token unlock event that saw large investors, colloquially known as whales, sell-off a significant amount on exchanges. According to blockchain analysis service Lookonchain, Arbitrum whales deposited roughly $58 million worth of ARB tokens into…Read full story at CryptoGlobe >

MicroStrategy Now Owns Over 1% of All Bitcoin ($BTC) After New $623 Million Purchase

Nasdaq-listed firm MicroStrategy, the enterprise software company known for its aggressive Bitcoin investment strategy, has further solidified its position as a major player in the cryptocurrency space by adding an additional 9,245 BTC for $623 million, bringing its total holdings to over 1% of BTC’s supply. In a filing with the U.S. Securities and Exchange…Read full story at CryptoGlobe >

Japan’s $1.5 Trillion Pension Giant Seeks Information on Bitcoin, Gold for Potential Portfolio Inclusion

Japan’s Government Pension Investment Fund (GPIF), the world’s largest pension fund with $1.5 trillion in assets under management, is exploring the potential inclusion of Bitcoin, gold, and other assets it considers illiquid in its investment portfolio. This development was revealed after the GPIF announced the development of a new long-term investment approach after it historically…Read full story at CryptoGlobe >

Coinbase CEO Predicts Crypto Explosion: Spot ETFs Just the Beginning

On March 19, Brian Armstrong, the CEO of Coinbase, appeared on Bloomberg TV to discuss various aspects of the cryptocurrency industry, including the impact of spot Bitcoin ETFs on Coinbase’s business, his meetings with lawmakers in Washington, D.C., and the potential approval of spot Ethereum ETFs. Spot Bitcoin ETFs and Coinbase’s Business Armstrong began by…Read full story at CryptoGlobe >

BitMEX Probes Flash Crash That Sent Bitcoin Price to $8,900 on Its Platform

Bitcoin experienced a dramatic price swing on the popular cryptocurrency exchange BitMEX yesterday, raising concerns about unusual trading activity. The price of Bitcoin plummeted to as low as $8,900 against Tether’s USDT stablecoin on BitMEX, a stark contrast to the price exceeding $66,000 on other major exchanges at the time. The price of the flagship…Read full story at CryptoGlobe >

Grayscale’s Spot Bitcoin ETF Experiences Record Outflows, Causing BTC Price to Fall Below $65,000

Grayscale’s spot Bitcoin ETF saw an unprecedented outflow of more than $640 million on March 18. This marks the largest single-day outflow since the fund’s conversion from an institutional fund to a spot ETF on January 11. According to data from Farside Investors, Grayscale’s Bitcoin ETF experienced a staggering $642.5 million in outflows on March…Read full story at CryptoGlobe >