The Latest Tech News in Crypto and Blockchain Cube.Exchange, a digital asset trading platform, has raised $12 million in a Series A fundraise led by 6th Man Ventures. Other investors include Asymmetric, ParaFi Digital, Foundation Capital, Susquehanna Private Equity Investments, GSR Markets, and more. The funds will be used to expand various aspects of the … Read more
Celsius Follows FTX As It Begins Repaying Crypto To Creditors, Here’s How Much Celsius Network, a bankrupt cryptocurrency lending company, plans to distribute over $3 billion in crypto assets and fiat currency to its creditors. They have emerged from bankruptcy and gained approval from 98% of account holders. The company also announced the creation of … Read more
Renowned Economist Says Bitcoin Price Will Reach $10 Million On The Back Of This Catastrophic Event Peter Schiff, a chief economist and global strategist, has predicted that Bitcoin could reach $10 million if the US dollar experiences hyperinflation. This prediction is based on the historical example of the German Papiermark, which experienced significant depreciation due … Read more
Bitcoin Price (BTC) Regains $41K in End of Week Rally ARK Invest has sold over 2.2 million shares of the ProShares Bitcoin Trust ETF and bought 1.5 million shares of the ARK 21 Shares Bitcoin ETF. They sold the ProShares Bitcoin Trust ETF as part of a short-term play strategy and in anticipation of the … Read more
Is Bitcoin Dominance Reaching Its Peak? Analyst Forecasts An Altcoin Takeover In Current Cycle Bitcoin is struggling despite the approval of spot BTC ETFs in the US. Ethereum’s price has soared to new highs, leading to speculation about Bitcoin’s dominance in the cryptocurrency market. Analyst Michael van de Poppe believes that Bitcoin dominance is nearing … Read more
Despite recent price dips, BitQuant predicts that Bitcoin will peak at $61,000, not $50,000, as some analysts have suggested. Based on technical analysis, the analyst believes that the recent drop was a temporary correction and that Bitcoin will likely extend gains and break above resistance levels at $45,000 and $50,000 in the short to medium … Read more
dYdX Beats Uniswap, Bitcoin Outlook Dour Analysts at Coinbase predict that Ether (ETH) could see significant growth in 2024, driven by hopes of a spot ETH ETF listing. Following the recent approval of bitcoin ETFs in the U.S., ETH reached its highest price since May 2022. Firms like BlackRock and VanEck, who were behind BTC … Read more
Crypto Think Tank Rebels Against This US Senator, Here’s Why US Senator Elizabeth Warren sent letters to the Coin Center Director, Blockchain Association CEO, and crypto exchange Coinbase, expressing concern over the crypto industry’s influence on former government officials. Coin Center responded, stating its commitment to free speech and opposition to unconstitutional legislative efforts. The … Read more
The Long-Term Bitcoin Holding Strategy: Analyzing Blackrock’s 11,000 Bitcoin Acquisition and Its Market Impact | by Joshua Moroles | The Dark Side | Jan, 2024 Blackrock, a global investment giant, purchased 11,000 Bitcoin through Over-The-Counter (OTC) transactions and plans to hold them long-term. This strategy signals a belief in Bitcoin’s long-term value and potential for … Read more
The current bitcoin mining difficulty is at historic highs, with computing power increasing by over 100% in 2023. CoinShares predicts a decline in mining activity after the halving, resulting in a “miner exodus.” The company also forecasts the average cost of production per coin to normalize at just under $38,000 post-halving. This is due to … Read more
