The cryptocurrency markets witnessed a tumultuous 24-hour period influenced by regulatory uncertainties and macroeconomic decisions. Overnight, the crypto markets experienced significant volatility with bitcoin and ether initially declining before bouncing back to trade 15% higher than their lows on Wednesday. The drop on Wednesday was attributed to profit-taking following last week’s rally and a wave of leveraged bets on higher…
HomeInvesting NewsCoinbase CEO Invests in Trading Infrastructure Amid Bitcoin Surge Coinbase (NASDAQ:COIN) Global Inc. is set to bolster its trading infrastructure in response to challenges faced by users during a significant upswing in Bitcoin prices towards the end of February, according to CEO Brian Armstrong. The platform encountered issues due to an unforeseen surge in trading volumes that surpassed the…
As Bitcoin’s network halving event draws near, Glassnode’s latest report sheds light on the evolving trading strategies in the face of significant demand from ETFs, signaling a pivotal shift in the cryptocurrency market. Glassnode Report Unveils Shift in Bitcoin Trading Strategies Ahead of Halving In the countdown to Bitcoin’s much-anticipated halving, the crypto community is […] Source: https://news.bitcoin.com/navigating-the-bitcoin-halving-glassnode-report-discusses-a-new-trading-landscape/
The Avalanche Foundation today announced the launch of Meme Coin Rush, a $1 million liquidity mining incentive program aimed at boosting the meme coin ecosystem on the Avalanche blockchain. The Foundation will hand out rewards for providing liquidity for meme coin trading pools on certain DeFi platforms. This initiative follows the Foundation’s recent acquisition of five Avalanche-based meme coins—the dog-themed…
Bitcoin’s recent surge to a new record high has been followed by a pullback, but crypto enthusiasts remain confident in the digital currency’s future. After reaching nearly $74,000, Bitcoin has dropped by as much as 13%, trading around $68,000 recently. This correction is not unusual in the volatile crypto market, and Bitcoin is still up by about 50% for the…
Amid a widespread downturn in the cryptocurrency markets this week, tokens based on artificial intelligence (AI) have nevertheless attracted billions of dollars in additional investment. In the last month, the AI-focused cryptocurrency sector has expanded by $7.54 billion, with the majority of the leading AI tokens—four out of the top five—experiencing notable gains since Feb. […] Source: https://news.bitcoin.com/ai-crypto-sector-stands-tall-amid-market-decline-economy-bolsters-by-7-54b-in-just-30-days/
SANTA CLARA & SEOUL, US & Korea, March 21st, 2024, GamingWire CARV, the modular data layer for gaming and AI, and MARBLEX, the gaming-focused blockchain company by Netmarble Corp., announced a strategic partnership today. Through this collaboration, MARBLEX will harness CARV’s robust data layer to gain new insights into user behavior across web2 and web3 platforms, games, and devices, driving…
Cryptocurrencies swiftly rebounded from their recent pullback as the Federal Reserve’s comments restored risk appetite in global markets, attracting buyers back to the crypto space. Within 24 hours, the total market capitalization surged by 7.7% to $2.55 trillion. While Bitcoin showed a similar growth pattern, Ethereum and Solana saw even stronger gains, adding around 10%. Bitcoin maintained levels above 61.8%…
The Core Foundation announced Thursday that it has launched the Core Venture Network (CVN), a community of over 50 venture capitalists and investors supporting the development of Core Chain, a Bitcoin-secured, Ethereum Virtual Machine-compatible blockchain. The CVN announced $15 million in regional ecosystem funds for projects based in Africa, Latin America, and Southeast Asia. The $5 million Core Africa Innovation…
Solana and Ethereum, homes to some of the biggest and most popular meme coins, have both posted gains in the past day. At the time of writing, SOL has increased by 10% and ETH by 6% compared to this time yesterday. That puts Solana at $189.98 and ETH at $3,541 at the time of writing. The 7-day comparison tells a…
