A prominent digital asset venture capitalist has warned that Bitcoin (BTC) could soon fall below a key support level. Chris Burniske, founder of Placeholder Capital says The 269,900 followers on social media platform “If we reset and go for full consolidation, BTC falling below $40,000 is a foregone conclusion. What it does in the low to mid $30,000 range is more important. This is an open question. No, I wouldn’t ‘trade’ this. “When prices improve again, I will still be an accumulator.” Inmortal, a pseudonymous cryptocurrency analyst, also proposal Bitcoin will fall below $40,000. He believes that if Bitcoin corrects,…
Author: Crypto Flexs
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Cathie Wood’s Ark Invest resumed selling Coinbase shares yesterday, with the two funds selling 34,261 COIN ($5.5 million) as the stock hit a yearly high, according to the company’s latest trading filing.Ark sold 28,638 shares ($4.6 million) from the Innovation ETF and 5,623 shares ($906,000) from the Next Generation Internet ETF, continuing to rebalance the fund’s weights amid a surge in COIN stock over the past month. Ark also sold $59 million worth of Coinbase stock last week.Coinbase shares were trading at $161.16 at market close yesterday, up about 5% for the day, 66% over the past month, and 342%…
The potential for significant price moves in Bitcoin is coming under scrutiny as seasoned options trader Jon Najarian shares his insights on the market. He specifically looked at the impact a spot Bitcoin ETF could have. He believes that the introduction of such ETFs could trigger a significant surge in the top cryptocurrencies, with a notable increase of 25-30% estimated in as little as two days. According to Najarian, who is also a CNBC contributor, investors appear to be proactively positioning themselves to take advantage of the positive market reaction expected once the ETF is established. Will Bitcoin Fall to…
Linea DEX Lynex integrates Orbs-based dLIMIT and dTWAP – Chainwire housenewsroomLinea DEX Lynex integrates Orbs-based dLIMIT and dTWAP We use cookies to make your experience on Chainwire’s website better. 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 expressly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical storage or access is necessary for the legitimate…
Three weeks ago we released our Speaker and Volunteer Applications, Discount Builder and Student Tickets and we are very excited to see the quality of submissions! This year we have opened up applications for those interested in attending Devcon. builder and student discount, speaker, supporters, volunteer or Press down. But what about improvements to general attendance cards? Today we Auctions and Lotteries – New ticket distribution methods and a way to save Devcon tickets ahead of regular ticket sales. Apply now to speak at Devcon! today Speaker application deadline extended by one week. If you have not had the opportunity…
Ethereum price is struggling to climb back above $2,200 and $2,250. ETH could gain bearish momentum if there is a clear move below the $2,120 support. Ethereum is struggling to gain speed above the $2,150 resistance zone. The price is trading below $2,200 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a bearish trend line tying with resistance near $2,210. A break above the $2,210 resistance zone could push the pair higher. Ethereum Price Faces Hurdles Ethereum price attempted a new rise above the $2,200 level. However, ETH failed to gain speed…
Marathon Digital will pay $179 million to acquire two Bitcoin mining sites with a capacity of 390 megawatts from Generation Capital. MARA shares soared 9% after the news broke, giving it a year-to-date gain of more than 530%. Bitcoin traded above $42,000, up 2.2% last week after paring recent gains. Bitcoin mining company Marathon Digital plans to increase mining capacity and reduce BTC mining costs after completing the purchase of two Bitcoin mining sites for $179 million. Marathon will purchase the two mine sites from a subsidiary of Generate Capital at a cost of $458,000 per megawatt, which will be…
Zcash founder Zooko Wilcox has stepped down as CEO of Electric Coin Company (ECC), the company responsible for developing the privacy-focused cryptocurrency ZEC. Wilcox, who has served as president since the company’s founding in 2015, played a pivotal role in fostering the development of Zcash, which debuted in 2016. Under his leadership, Zcash emerged as a prominent privacy cryptocurrency, achieving significant transaction value shortly after launch. Released. The Rise of Josh Swihart Taking over the reins from Wilcox is Josh Swihart, who previously served as senior vice president of growth at ECC. Swihart has been a member of ECC for…
reporter Posted on: December 20, 2023 More than 49 million Blur tokens were recently unlocked. It responded by adding more than 7% in value. The unlocking of Blur tokens has continued and the latest unlock sees more tokens moving to exchanges. How have the tokens performed in response to these recent developments and which direction has shown greater dominance in exchange flows over the past few days? More Blur tokens will be unlocked. According to information from Etherscan, about 49.8 million Blur tokens worth about $23.2 million were recently unlocked. These unlocked tokens were initially transferred from a multi-signature address…
Posted 1 minute ago In ~ Debtors affiliated with cryptocurrency exchange FTX, which filed for bankruptcy protection in the United States in November last year, announced on Tuesday that they had reached a global agreement with Bahamian subsidiary FTX Digital Markets, which was undergoing separate liquidation procedures. “This agreement is a new and mutually beneficial solution to the complex cross-border legal issues raised by the FTX Group collapse situation,” the debtors said in a statement. This must be approved by the U.S. Bankruptcy Court for the District of Delaware and the Supreme Court of the Bahamas. FTX Obligors and FTX…