HashKey Group plans to expand the Web3 ecosystem by launching HashKey Chain, a ZK-proof based Ethereum Layer-2 platform that leverages the token HSK for ecosystem incentives. According to a press release shared with Blockchain.News, HashKey Group, a prominent player in Asia’s digital asset financial services space, has unveiled its latest venture, HashKey Chain, in the rapidly growing Web3 environment. This Ethereum Layer-2 network was announced at the 2024 Hong Kong Web3 Festival, significantly expanding HashKey’s Web3 ecosystem. HashKey Chain: Bridging the gap in Ethereum scalability HashKey Chain is designed with zero-knowledge proof (ZK proof) technology at its core, providing an…
Author: Crypto Flexs
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This strategy is also similar to that of MicroStrategy, a Tysons Corner, Virginia-based software developer that has said it will begin increasing its Bitcoin holdings in 2020. Since then, stock prices have often mirrored Bitcoin price movements, reflecting investor sentiment about the cryptocurrency market. According to bitcointreasuries.net, it is currently the largest corporate owner of Bitcoin, holding more than 214,000 bitcoins worth more than $15 billion.
The Cardano blockchain platform is a secure and scalable platform that helps achieve these goals. What makes us stand out is that we adopt a scientifically-based development model that integrates the most recent research results to build a strong foundation. This focus on academic rigor ensures that the platform is resistant to attacks and scalable to the point where demand growth is unmatched. Cardano is a project that aims to create an environment where developers can build DApps and smart contracts on top of a more transparent and fair financial infrastructure through available tools. The technological philosophy ideas that formed…
After three months of trading, Fidelity’s FBTC spot Bitcoin exchange-traded fund has officially surpassed 150,000. BTC -2.34% From assets under management. Excluding Grayscale’s converted GBTC fund, the total amount of the nine newly created spot Bitcoin ETFs is over 520,000 BTC.According to the fund’s latest disclosure, Fidelity’s FBTC has amassed assets of a total of 150,563 BTC, worth about $10.1 billion at current prices. Among the nine newly created ETFs, BlackRock’s IBIT currently leads with 263,937 BTC ($18.5 billion), while Ark Invest 21Shares’ ARKB is third with 43,726 BTC ($3.1 billion), according to CoinGlass data.By comparison, assets held by Grayscale’s…
The overall cryptocurrency market capitalization is up 0.4% in the last 24 hours and is currently trending towards $2.77 trillion. Before we get into the technical analysis, here is an overview of how BTC, ETH, and DOT are doing: BTC: $70,252 (-1.4%) ETH: $3,618 (+1.4%) DOT: $8.87 (-0.1%) Bitcoin Price Analysis Bitcoin price is on the rise. This Monday, BTC bounced back to $72,000 and then back below $70,000. According to the Fibonacci retracement line, the price fell below the 84.6%, 76.4%, and 70.6% levels. The 61.8% retracement line provides strong support for the price to hold. The Relative Strength…
April 8 Bitfinex Alpha | BTC Rebounds, but Market Outlook Is Unsettled Post time: 12:42h On Bitfinex Alpha Maria Lobusova subscribeTo Bitfinex Alpha! Want to receive Alpha from Bitfinex every week? subscribe As we head into the Bitcoin halving, we looked at all past halvings since 2012 and used a simple regression model to predict a 160% post-halving price surge over the next 14 months, taking the price between $150,000-169,000. . However, this approach may be too simplistic. The main difference between the 2024 halving and all previous halvings is that BTC has already reached an all-time high before the…
StakeLayer Surpasses $500,000 Milestone in $STAKE Presale, Paving the Way for Bitcoin Evolution – Chainwire housenewsroomStakeLayer Surpasses $500,000 Milestone in $STAKE Presale, Paving the Way for Bitcoin Evolution We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network.…
South Korean authorities are investigating cryptocurrency hacking and illicit trading and are focused on cracking down on such practices, raising concerns about the possible consequences for those involved. Korean authorities are stepping up efforts to curb cryptocurrency hacking and illegal transactions taking place on exchanges. With cryptocurrency-related crimes rising significantly, regulators are actively taking steps to combat and punish those involved in such illegal activities. Cryptocurrency hacking has become a major concern within the cryptocurrency community. Hackers exploit vulnerabilities in exchange platforms to gain unauthorized access to users’ digital assets. Once acquired, these stolen cryptocurrencies are laundered through a variety…
Funding • April 9, 2024 2:54 AM EDT Posted 1 minute ago In ~ A net outflow occurred yesterday after four consecutive days of inflow into the U.S. spot Bitcoin exchange-traded fund (ETF).The main reason was Grayscale’s GBTC spot ETF, which saw net outflows of over $303 million per day. All other Bitcoin ETFs saw net inflows (led by Bitwise). Bitcoin BTC -0.38% The ETF had net inflows of more than $40 million, and BlackTock’s iShares Bitcoin Trust had net inflows of more than $21 million. Data from SoSoValue.Combined, this brings total net outflow from spot Bitcoin ETFs to nearly…
BlackRock’s Cash Bitcoin ETF (IBIT) has nearly $20 billion in assets and is currently in the top 3% of all ETFs. IBIT and FBTC recorded 59 days of inflows, a streak that places both companies in the top 20 ETFs. Meanwhile, Bitcoin price could hit new all-time highs due to spot ETFs and halving sentiment. BlackRock’s Spot Bitcoin ETF (IBIT) continues to outperform its peers as inflows surge. The data also shows that IBIT is not only in the top 20 in terms of longest streak of inflows, but is also rising in total assets rankings. Bloomberg ETF analyst Eric…