bitcoin BTC -1.85% According to JPMorgan analysts, prices are expected to fall after the halving as the event is already reflected in current prices.JPMorgan analysts led by Nikolaos Panigirtzoglou reiterated similar earlier views in a report on Wednesday: “We do not expect Bitcoin prices to rise after the halving, as this is already reflected in the price.” “In fact, we are seeing a downward trend in prices following the Bitcoin halving for a number of reasons,” the analysts said.These reasons include that Bitcoin remains “overbought,” according to an analysis of Bitcoin futures open interest. Additionally, the price of Bitcoin is…
Author: Crypto Flexs
Read More
join us telegram A channel to stay up to date on breaking news coverage The price of Dogwifsaudihat has plunged more than 71% in the last 24 hours, trading at $0.000421 as of 4:20 AM ET on volume down more than 30%. The WIFSA plunge comes as altcoins continue to bleed as cryptocurrency markets bear the weight of falling Bitcoin prices. Dogwifsaudihat As for the price, the meme coin plummeted to an all-time low of $0.000226 before recovering some of its losses. Dogwifsaudihat price outlook amid widespread market collapse With continued weakness in the market, the odds are increasingly tilting…
Parisian haute couture house Maison Margiela combines the physical and digital realms with its new MetaTABI collection, an NFT that combines a token-gated product experience with the brand’s iconic split-toe shoes.In a livestream with Rug Radio producer Stephy Fung, Maison Margiela president Stefano Rosso called the launch a “metaphorically big step forward” in collaboration with digital fashion house The Fabricant.The first phase of Web3 used the brand’s Tabi shoes, Rosso said. “It is very special in many ways. The symbolism of our Maison is linked to our unique footprint in this amazing new environment that is changing people’s lives.”MetaTABI consists…
As technology continues to change rapidly, the potential for combining artificial intelligence (AI) and blockchain is enormous. In line with this, integrating Fetch.ai’s AI agent capabilities with Ankr’s powerful blockchain infrastructure will lead to significant advancements in decentralized applications (DApps), especially in the commercial and enterprise sectors. This alliance could revolutionize the traditional model of DApp development. Fetch.ai provides blockchain as a service and develops advanced AI and high-quality efficiency in agent creation. DeltaV system. The merger therefore covers the entire spectrum of automation and AI-based services. In addition to this, Ankr provides much-needed features to implement scalable Web3 infrastructure…
World Coin plans to unveil a new blockchain, ‘World Chain’, this summer. World Chain is an Ethereum L2 chain that integrates with WLD and World ID. According to an announcement on Wednesday, April 17, WorldCoin will launch a new blockchain called “World Chain.” After the news broke, the price of the native Worldcoin token, WLD, rose slightly. At the time of writing, it is up 3% in the last 24 hours to $4.90, but has been largely in negative territory since rebounding from a high of $6.57 on April 12. World Chain – What do we know? World Chain will…
In a letter to Treasury Secretary Janet Yellen, U.S. Senator Elizabeth Warren expressed support for implementing strong anti-money laundering and counter-financing of terrorism (AML/CFT) measures on stablecoins. Warren’s letter emphasizes the importance of adopting the full suite of AML tools that Treasury requested in a November 2023 letter to Congress. Warren emphasizes that cryptocurrencies, especially stablecoins, pose a growing threat to national security. She specifically mentions that Iran and Hamas rely on cryptocurrencies to finance and fund terrorist attacks. To effectively combat these threats, Warren argues that any new cryptocurrency legislation should include the comprehensive…
A prominent cryptocurrency analyst believes one decentralized exchange (DEX) altcoin is poised for a breakthrough. Pseudonym analyst Kaleo says His 634,800 followers on social media platform He thinks decentralized finance (DeFi) altcoins look good compared to Bitcoin (BTC). “I think the BTC pair is at a bottom and as soon as BNB hits new highs, we could see a break from the downtrend it has been stuck in for the past few years.” Source: CryptoKaleo/X Kaleo also believes that CAKE will strengthen against the dollar based on a pattern that has been repeated since November 2023. “All legs of the…
Layer 1 • April 17, 2024 11:12 AM EDT Posted 1 minute ago In ~ Updated: April 17, 2024, 11:35 AM EDT BytePlus, the enterprise technology services subsidiary of TikTok owner ByteDance, is partnering with Mysten Labs to enhance web3 gaming and SocialFi offerings on Sui, Mysten’s blockchain network, the project foundation announced in a blog post Wednesday morning. BytePlus will work with Mysten Labs to provide a variety of services to Sui, including recommendation solutions and augmented reality products.BytePlus offers several integrated products for builders, including AI recommendation algorithm solutions and BytePlus CDN, a network of servers and data…
In a groundbreaking step to provide stability and oversight to the rapidly expanding world of digital finance, U.S. Senators Kirsten Gillibrand and Cynthia Lummis introduced the Lummis-Gillibrand Payment Stablecoin Act. The bill, which has been months in the making, seeks to establish a comprehensive regulatory framework for payments stablecoins and address concerns related to their use and potential risks. Bipartisan Effort to Address Stablecoin Regulation The introduction of the Lummis-Gillibrand Payment Stablecoin Act represents a bipartisan effort to address the regulatory challenges posed by stablecoins. With senators from both sides of the aisle coming together, the need to find a…
CoinGecko’s Cryptocurrency Industry Report for Q1 2024 shows the continued growth and development of the cryptocurrency market. This report highlights key statistics and trends observed in the first quarter of 2024. Bitcoin (BTC) was the top performer, growing 68.8% to an all-time high of $73,098. This growth can be attributed to the approval of a U.S. spot Bitcoin ETF in early January. The report also indicates that Bitcoin ETFs will have over $55.1 billion in assets under management (AUM) as of April 2, 2024. Ethereum (ETH) also saw positive growth, with the total number of…