The cryptocurrency market is currently on the brink of significant change, with analysts predicting that an altcoin rally will begin in the coming weeks. According to analysts, the market is expected to see a notable uptick in the next one to two weeks. These expectations come from detailed analysis of market trends and the underlying momentum built up across various altcoins. Sentiment across markets is increasingly optimistic, with investors and traders alike bracing for potential gains. This expected uptrend is not simply a speculative wave, but provides a solid foundation for future market movements based on solid technical and fundamental…
Author: Crypto Flexs
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Two of the world’s largest social media platforms allow businesses to advertise spot Bitcoin exchange-traded funds (ETFs). This marks a significant step towards increasing mainstream acceptance of cryptocurrencies. Facebook and Instagram are in the process of updating their advertising policies to allow the promotion of Bitcoin ETFs in the United States. The new policy could pave the way for Bitcoin ETF ads to appear on Facebook and Instagram. Each of these companies has a huge user base of over 2 billion monthly active users. Nate Geraci, president of ETF Store, emphasized the importance of Facebook’s older demographic. According to him,…
Posted 1 minute ago In ~ Bankrupt cryptocurrency lender Genesis Global Capital has filed a new motion with the U.S. Bankruptcy Court for the Southern District of New York seeking approval to sell approximately $1.6 billion in trust assets. According to the document, assets held by Genesis, a subsidiary of Digital Currency Group, include approximately $1.4 billion worth of Grayscale Bitcoin Trust shares, approximately $165 million worth of Grayscale Ethereum Trust shares, and approximately $38 million worth of Grayscale Bitcoin Trust shares. Grayscale Ethereum Classic Trust stocks are included. million.The company also filed a separate motion to shorten the relevant…
Uniswap’s trading volume briefly surpassed Jupiter’s. Lower demand for UNI has led to double-digit price declines over the past month. Uniswap (UNI), the leading Ethereum-based decentralized exchange (DEX), briefly regained the position as the highest-volume DEX on February 3 after being replaced by Solana-based DEX Jupiter (JUP). As previously reported, Jupiter’s trading volume on January 29 exceeded $500 million, accounting for an 18% market share of the total DEX trading volume recorded that day. Uniswap lagged behind with $443 million in trading volume. This surge is in anticipation of Jupiter’s JUP token airdrop event held on January 31st. According to…
Avalanche, a blockchain platform gearing up for major events during the Month of Love, is gearing up for significant developments. As February begins, the cryptocurrency market is expecting around $900 million worth of vested tokens to be released from various projects. This imminent influx into the market has triggered a wave of concern among investors who are closely watching the unfolding scenario. Projects involved in this token launch include Avalanche (AVAX), Aptos (APT), The Sandbox (SAND), Optimism (OP), and SUI. Avalanche strategically targets strategic partners, team members, and airdrops to balance long-term commitment with potential short-term selloffs. Avalanche Preparation for…
ViaCoin is a lesser-known cryptocurrency that is gaining traction in the digital asset space. With its unique features and growth potential, ViaCoin could be the next big thing in the cryptocurrency world. In this article, we will explore the hidden gem of ViaCoin and why it could be a game-changer for the cryptocurrency market. What is ViaCoin? ViaCoin is a decentralized digital currency that aims to provide fast, secure, and cheap transactions. It was created in 2014 as a fork of the Bitcoin protocol with a focus on improving scalability and usability. ViaCoin utilizes a combination of Proof of Work…
Our privacy policy, Terms of Use, cookie, and Do Not Sell My Personal Information has been updated.CoinDesk is a leader in news and information about cryptocurrencies, digital assets and the future of money. award-winning We are a media outlet that pursues and adheres to the highest standards of journalism. Strict editorial policy. November 2023, CoinDesk Acquisition Bullish Group Owner Bullish is a regulated institutional digital asset exchange. Bullish Group owns the majority of: Block One; both groups understanding It has various blockchain and digital asset businesses and a significant portion of digital assets, including Bitcoin. CoinDesk operates as an independent…
Pursuant to the anticipated agreement, BitGo will act as qualified custodian for the Hashdex Bitcoin ETF. This is required for all ETF applications. BitGo’s sponsorship is a joint pledge to build a stronger and safer market structure. If the scenario changes in its favor, Hashdex Bitcoin Futures ETF will become a spot Bitcoin ETF and will be rebranded as Hashdex Bitcoin ETF. BitGo, a DEFI digital asset advisor and prominent global cryptocurrency-focused asset manager with $540 million in AUM, and Hashdex have collaborated for a long time. As a highly qualified institutional custodian, BitGo is the optimal service provider that…
Victoria, Seychelles, February 2, 2024, Chainwire Bitget Wallet, a leading Web3 transaction wallet, recently integrated with Berachain Artio Testnet, an EVM-compatible layer 1 blockchain. Bitget wallet users can now seamlessly add testnets to both app and browser extension wallets, allowing them to enjoy convenient on-chain asset management, transfers, interaction with ecosystem DApps, and earning BERA test tokens. Popular DApps in the Berachain ecosystem are also installed in Bitget Wallet’s DApp browser for easy search and accessibility. Berachain is a high-performance EVM-compatible blockchain built on proof-of-liquidity consensus. The network reorganizes existing smart contract platforms into a new Cosmos-based configuration. To earn…
The following is an excerpt from the latest edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. Subscribe now to be the first to get these insights and other on-chain Bitcoin market analysis delivered to your inbox. El Salvador’s presidential election on Sunday, February 4th will determine whether Nayib Bukele and his Bitcoin revolutionary experiment will continue to have a presence in the country’s future.Nayib Bukele has enjoyed a fairly broad support base since becoming El Salvador’s president in 2019. He was the first person to win independently from either of America’s two major political parties since 1984. But…