Veteran trader and renowned chartist Peter Brandt has doubled down on his bullish outlook for bitcoin. After raising his bitcoin price target for this bull market cycle to $200K, Brandt pointed to “huge monthly bars” on his bitcoin price chart, stating: “My bet is that this is a ‘starting’ candle.” Peter Brandt’s Bitcoin Bull Run […] Source: https://news.bitcoin.com/peter-brandt-on-bitcoin-bull-market-my-bet-is-this-is-a-starting-candle/
JPMorgan has cautioned investors that the price of bitcoin could fall to $42,000 after the halving event in April. The global investment bank’s analysts explained that $42K is the level they “envisage bitcoin prices drifting towards once bitcoin-halving-induced euphoria subsides after April.” The bank also recently stated that the bitcoin halving and the next major […] Source: https://news.bitcoin.com/jpmorgan-expects-bitcoin-price-to-drop-to-42k-after-halving/
In a landmark governance decision, Uniswap’s community has voted unanimously in favor of a proposal to reward UNI token holders who stake and delegate their tokens. The upgrade, aimed at revitalizing the protocol’s decision-making process, has garnered overwhelming support with over 10 million UNI tokens pledged in its favor. Historic Vote to Reward UNI Holders […] Source: https://news.bitcoin.com/uniswap-governance-votes-unanimously-to-empower-uni-holders-with-protocol-fee-rewards/
In February, bitcoin miners discovered a total of 4,446 blocks, amassing earnings of $1.39 billion, with $71 million of this sum coming from onchain transaction fees. The revenue from bitcoin mining in February rose by $40 million compared to January, though the amount collected from fees saw a decrease this month. Bitcoin’s Hash Price Breaks […] Source: https://news.bitcoin.com/bitcoin-mining-revenue-jumps-to-1-39-billion-in-february-despite-fee-decline/
Just two days after the launch of Blast, an Ethereum layer-2 network from the founder of dominant NFT marketplace Blur, hundreds of millions of dollars have flowed into newly created protocols living on the network—and buzz is growing about several other projects emerging in the ecosystem. The network already boasts a total value locked (TVL) north of $2.4 billion, according…
As the value of cryptocurrencies has risen, the non-fungible token (NFT) market has experienced a 35.14% increase in sales compared to the preceding week. This marks the third consecutive week of sales growth in the NFT sector, with NFTs based on Bitcoin leading the charge throughout this period. NFT Sales Surge Past $412 Million in […] Source: https://news.bitcoin.com/nft-market-booms-with-35-sales-increase-as-cryptocurrencies-rally/
Five days ago, the total value locked (TVL) in decentralized finance (defi) protocols exceeded the $80 billion mark, and since that point, it has expanded by an additional $11.66 billion. As it hovers above the $91 billion threshold, the TVL is approaching the $100 billion milestone, a figure not observed since before the collapse of […] Source: https://news.bitcoin.com/value-locked-in-defi-nears-100-billion-milestone-amidst-broad-market-uptick-and-lido-dominance/
On Saturday, March 2, the valuation of bitcoin cash witnessed a significant increase, climbing over 40% within a 24-hour span to reach a peak of $451 each. This upward trend is attributed to the anticipated halving event, set to happen in 16 days, and the forthcoming 2024 upgrade, which is expected to implement an adaptive […] Source: https://news.bitcoin.com/bitcoin-cash-soars-40-in-24-hours-as-market-eyes-upcoming-halving-and-adaptive-block-size-upgrade/
Ideogram AI—a startup founded by former Google engineers alongside members from prestigious institutions like UC Berkeley, Carnegie Mellon University, and the University of Toronto—has announced the release of the first full version of its eponymous image generator. “We’re excited to release Ideogram 1.0, our most advanced text-to-image model to date,” Ideogram AI said in an official blog post. “Trained from…
The Nigerian government has reportedly slapped the cryptocurrency exchange Binance with a $10 billion fine. According to a Nigerian government official, Binance is being punished for causing the local currency’s recent plunge against major currencies. Binance’s Alleged Influence on the Exchange Rate The Nigerian government is reportedly demanding a $10 billion fine from the crypto […] Source: https://news.bitcoin.com/report-nigerian-government-imposes-10-billion-fine-on-binance/
