TL;DR 21.co has integrated Chainlink Proof of Reserve on the Solana and Ethereum mainnets to enhance the transparency of its Wrapped Bitcoin (21BTC). 21BTC, launched in May 2024, is a native token fully backed 1:1 by Bitcoin reserves, which are held in cold storage and under institutional custody.
Michael Saylor, the chairman of MicroStrategy, recently predicted that Bitcoin could reach an astonishing $13 million by the year 2045. This forecast is not just pie-in-the-sky thinking; it's rooted in Saylor's belief that Bitcoin could capture a significant portion of global capital.
The divergence between Bitcoin and Ethereum may soon be coming to an end.
Gold and Bitcoin reach new highs after the rate cuts. However, who will fall first in the face of economic uncertainties?
Investors continue to feel bullish, throwing $321 million at crypto funds for the second straight week of gains, led by Bitcoin ETFs.
The head of digital asset research at $101.9 billion U.S. hedge fund VanEck, Matthew Siegel, has discovered and revealed what could be key information for those bullish on Ethereum (ETH).
The new week has started with the bears' pressure on, according to CoinMarketCap.
The next week or two is expected to be bullish for Ethereum and a move toward $2.8k-$2.9k is likely.
Bitcoin bears are defending the $65,000 resistance, but if it gives way, BTC and altcoins are likely to chase new all-time highs.
Ethereum (ETH) has recently made headlines as it reclaimed the $2,500 mark following a significant shift in market sentiment. However, the ETH/BTC trading pair has been struggling, hitting record lows against Bitcoin (BTC).
Fred Thiel, chairman and chief executive officer at Bitcoin mining behemoth Marathon Digital, has predicted "rapid innovation" and "rapid disruption" on energy markets.
42 cryptocurrencies have outperformed Bitcoin (CRYPTO: BTC) in 2024, with most of them listed on Binance, according to on-chain analytics provider Lookonchain. What Happened: 25 are listed on Binance and 20 were listed in 2023 or earlier, providing ample opportunity for traders to capitalize on their growth, the data provider tweeted on Friday.
The Rollblock ($RBLK) presale is outperforming expectations, raising over $3.7 million as gamers enjoy a share in the success of the platform. With legacy coins such as Ethereum and Ripple's $XRP underperforming, investors are turning heads towards smaller tokens with strong use cases and large potential.
China continues to control 55% of the global Bitcoin network's hashrate, despite a ban on crypto mining and trading that has been in effect since 2021.
Ethereum (ETH), the world's second-biggest cryptocurrency by market cap appears to be super bullish and could hit the $3,000 level soon. Despite the majority of top cryptocurrencies, including Bitcoin (BTC), Solana (SOL), and many others struggling to gain momentum, ETH has gained more than 4% of its value.
Former Coinbase CTO Balaji Srinivasan spoke at the Network State Conference in Singapore on Sept. 22 about Bitcoin's potential to protect wealth against inflation.
At the end of this week, on Sept. 29, Sunday, the renowned founder of the Binance exchange and the creator of its native token BNB, Changpeng Zhao (CZ), is to be released from prison after he finishes his four-month sentence.
A crucial metric reveals that Solana (SOL) is asserting itself in the world of altcoins. Within the past 12 months, SOL has registered an astronomical growth rate as it takes on Ethereum (ETH), the second-largest cryptocurrency.
TL;DR Investment products in the crypto market have seen inflows of $321 million in the last week, driven by a 50 basis point interest rate cut. Bitcoin has captured the majority of the flows with $284 million, while short products have received $5.1 million. The U.S.
Despite China's ongoing ban on cryptocurrency trading and mining, the country continues to dominate the Bitcoin network, controlling 55% of the global hashrate, according to data shared by Ki Young Ju, CEO of CryptoQuant. What Happened: This information is corroborated by Bitbo's mining data, which shows China's sustained influence over Bitcoin (CRYPTO: BTC) mining pools.
Bitcoin Core developers have raised an alarm about a serious vulnerability impacting around 17% of the network.
Data shows the Bitcoin trader sentiment has remained neutral recently, suggesting the market is currently not sure about a bullish outcome.
Recently, Peter Brandt, who is considered a legend in trading on the financial markets and has been active in that sphere since the 1970s, revealed that he is currently excited about major cryptocurrency Bitcoin (BTC). This insight came after Brandt reviewed the ratio of BTC to gold, where the former is considered a kind of analog of the precious metal and is often referred to as "digital gold.
Bitcoin's (CRYPTO: BTC) on-chain data is showing key support levels that suggest a potential turning point for the cryptocurrency, indicating a positive outlook for the long-term trajectory of its price. What Happened: According to data from CryptoQuant, several on-chain metrics have hit critical support points, historically marking the end of bear markets and the beginning of new bull runs.
BlackRock has put forward an amendment for its BTC ETF fund because of concerns of investors about the on-chain settlement practices of Coinbase. The amendment involves the requirement to withdraw BTC within 12 hours from Coinbase.
In a statement made exactly 14 years ago, pseudonymous Bitcoin creator Satoshi Nakamoto highlighted the potential of Bitcoin for everyday payments.
Veteran analyst Peter Brandt is making a bold prediction that is creating a lot of talk in the crypto arena: by 2025, Bitcoin should see its price jump 400% relative to gold. Related Reading: Solana Jumps 10% As Fed Eases Rates, Analysts Eye Even Higher Gains He feels that, according to the market patterns witnessed so far, Bitcoin could soar to the equivalent of around 123 ounces of gold.
Bitcoin is undergoing one of the volatile weeks of 2024 the times when the volume has remained within an average range since May. A bullish move activates the higher targets, while the bear's pullback raises the possibility of plunging below the local support.
American businessman, entrepreneur and CEO of MicroStrategy Michael Saylor, known as a fierce supporter of Bitcoin (BTC), came to the public with a new post on the major cryptocurrency.
In response to mounting investor concerns over the security and transparency of Bitcoin exchange-traded funds (ETFs), BlackRock has amended its agreement with Coinbase, demanding that the crypto custodian process Bitcoin withdrawals within 12 hours.
Ethereum surges around 6% in the last 24 hours, soon to lose 2%. Currently ETH is trading at $2,639 and still fighting to take an upper route, which looks very difficult to achieve looking at the market conditions.
Bitcoin's potential parabolic rise amid macroeconomic shifts could significantly impact risk asset strategies and market dynamics. The post Bitcoin gears up for ‘transition phase' as parabolic rise looms, trader highlights appeared first on Crypto Briefing.
According to the recent CoinShares report, last week, institutional investors increased their bet on XRP, while withdrawing funds from ADA and the second largest cryptocurrency, Ethereum. The report was shared on the X platform by Chinese cryptocurrency blogger and journalist Colin Wu on his personal page.
Former White House Director of Communications Anthony Scaramucci reacted tongue-in-cheek to Vice President Kamala Harris' supportive comments about digital assets, which would mark a departure from the current administration's track record. What Happened: Scaramucci, who will be a headline speaker at Benzinga's upcoming Future of Digital Assets event on Nov. 19, quipped on his X account that “Kamala means Bitcoin in every language.
Bitcoin mirrors its 2020 post-Halving setup, signaling a potential 2024 parabolic rally.
It took the Bitcoin winner some time to realize his good fortune because he said the deck "looked better in the binder."
Bitcoin (BTC) has experienced a significant rebound in recent weeks, surging over 8% to climb above $63,000. This upward momentum comes on the back of key economic shifts, including the U.S. Federal Reserve's decision to cut interest rates, further fueling optimism around the world's largest cryptocurrency.
As Bitcoin (BTC) continues to trade below its all-time high of above $73,000, the maiden cryptocurrency has seen a growth in the number of millionaire holders in 2024.
Cryptocurrency prices were mostly flat on Sep. 23 as traders embraced a wait-and-see approach after last week's Federal Reserve decision.
Ethereum (ETH) has seen an increase in burn rate this month, indicating that usage and activity on the network have increased significantly.
In the last seven days, the crypto market had quite a boost, causing most cryptos to rise in value, including the Ripple token, XRP. This uptrend has pushed the global market cap to $2.22 Trillion and the volume of trades to $72.
The XRP price chart is displaying a familiar historical pattern that previously led to a massive 650X price surge. This pattern, known as the Bollinger Bands, is often used to predict the price movements of a cryptocurrency.
Quantum Blockchain Technologies PLC is establishing itself as a key player, pushing the boundaries of technological innovation with the introduction of new methods based on artificial intelligence (AI) and quantum computing to optimize calculations related to the SHA-256 protocol used in Bitcoin mining.
China remains a major player in the Bitcoin mining industry despite imposing a blanket ban on cryptocurrencies in 2021
Digital asset investment products saw inflows for the second consecutive week this month, with investors pouring $321 million into the industry, according to CoinShares‘ latest weekly report. This influx boosted the total assets under management (AuM) for crypto exchange-traded products (ETPs) by 9%, bringing the total to $85.8 billion.
Ripple, the cross-border payment remittance firm, recently revealed its plans for launching the Ripple USD (RUSD) stablecoin. The stablecoin plans to connect global financial firms and institutions and enable cross-border payments through its stablecoin on the XRP Ledger (XRPL) and the Ethereum mainnet.
In cryptocurrency trading, converting one digital asset to another, commonly known as a crypto swap, has gained significant popularity among investors and traders. This article aims to guide individuals through converting Saitama and TON tokens to Ethereum (ETH) using a crypto swap platform.