What will cause extreme greed among Bitcoin investors in 2024? Discover the drivers behind market sentiment and forecasts. Since the start of 2024, Bitcoin (BTC) has seen an incredible surge, gaining a level of market dominance and investor interest not seen in years. On February 29, BTC hit a new record of $63,544, its highest since November 2021. As of March 1, BTC was trading at around $62,000, maintaining bullish sentiment in the market and pushing Bitcoin’s market dominance to around 53%. . BTC 1 month price chart | Source: CoinMarketCap The total market capitalization of cryptocurrency also increased to…
Author: Crypto Flexs
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Bappebti did not specify how the Treasury wants to reform taxes, but it is likely it will seek to eliminate VAT to align with how stocks are treated. The industry expects that cryptocurrencies will be able to be treated as securities in Indonesia if supervisory authority moves to OJK, which oversees all financial services in Indonesia, including banking, capital markets, insurance, and pensions.
The Nigerian government has demanded $10 billion from Binance, claiming the cryptocurrency exchange’s activities have had a negative impact on the naira and the country’s economy. According to the BBC, the Nigerian government is demanding a whopping $10 billion in damages from Binance, the world’s largest cryptocurrency exchange platform, over accusations that its activities have significantly destabilized the country’s economy. The claims center around claims that Binance played a major role in manipulating exchange rates and contributed to the nearly 70% decline in the value of the naira in recent months. President Bola Tinubu’s spokesperson, Bayo Onanuga, emphasized that Binance’s…
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BONK is up more than 50% in the past few days. SOL has also risen above $130 over the past few days. Before the recent price surge, BONK was accumulating, putting the wallet in a profitable position. As the price of MEMCOIN rose, the tokens of its host network, Solana, also showed a continuous upward trend. Interestingly, Bonk has a market capitalization of $1.3 billion at press time, making it the third-largest memecoin behind Dogecoin (DOGE) and Shiba Inu (SHIB). Accumulated wallet over 300 billion BONK Source of data Look on chain A single wallet was found to have accumulated…
On-chain detective ZachXBT foiled a cryptocurrency phishing scheme to steal $4.3 million in artificial fluid intelligence (ALI) tokens. This event highlights the important role of vigilant cybersecurity efforts within the cryptocurrency community. Hackers using the infamous Inferno Drainer compromised a wallet containing 113,102,183 ALI tokens. The rapid action taken thereafter is a testament to the power of community governance and expert intervention in the cryptocurrency ecosystem. Upon learning of the breach, ZachXBT immediately notified its core team, with surprised community members. Accordingly, an emergency governance vote was called. The community decided to burn the compromised tokens, effectively neutralizing the threat…
Open Interest for bItcoin fThe future value of centralized exchanges has reached an all-time high, according to Coinglass data. The surge in open interest surpassed levels reached in November 2021, when Bitcoin surpassed its all-time high of $68,000. It also highlights the increase in trading activity for the largest cryptocurrencies. Total open interest in Bitcoin futures surpassed $26 billion on Friday, which is higher than in the fourth quarter of 2021, when open interest peaked at $24 billion, according to CoinGlass. Open interest in Bitcoin futures has been increasing since early 2024, and the digital asset’s price rise has recently…
XRP While this week has seen a rally that has pushed it closer to 2024 highs, cryptocurrency analysts have cited several trends that could push the token much higher in the coming months. XRP heading towards a positive upward trajectory Crypto Egrag, a famous cryptocurrency expert and trader, shared We caught up with the social media platform X (formerly Twitter) Community for his latest insights on XRP’s price action. His analysis was made in light of the general corrections seen in . cryptocurrency market a few days ago. Egrag’s latest forecast examines the potential for XRP to hit new all-time…
ftNFT International Awards 2024 Winners Announced at Glamorous Ceremony in Dubai – Chainwire housenewsroomftNFT International Awards 2024 Announces Winners at Glamorous Awards Ceremony in Dubai 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…
Blast, an Ethereum layer 2 scaling network developed by the founders of popular NFT marketplace Blur, celebrated its mainnet launch on Friday. This pivotal moment opened the floodgates to billions of dollars worth of cryptocurrency funds that users had previously frozen for staking and airdrop rewards. With the help of this launch, users who were hoping to receive rewards by staking and participating in airdrop campaigns were able to unlock nearly $2.3 billion worth of cryptocurrency assets. Ethereum Rises: Market Rises with 12% Gain Conceptualized by Tieshun Roquerre, the visionary behind NFT marketplace Blur, Blast is working to introduce a…