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Cryptocurrency News

Location American Cryptocurrency News for 13 April 2024
Deutsche Bank Survey: Over Half Expect Crypto to Become 'Important' Asset Class and Payment Method A new Deutsche Bank survey found that over half of respondents expect cryptocurrencies to become an important asset class and a method of payment. In addition, 10% of respondents expect the price of bitcoin to be above $...
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Uncertainty Over Fed Rate Cuts Intensifies With Sticky Inflation Metrics As each day unfolds, analysts, economists, Wall Street institutions, and Fed watchers have increasingly postponed their forecasts for when the U.S. Federal Reserve will reduce the benchmark interest rate. Current data su...
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$10.5 Trillion Asset Manager Blackrock's Spot Bitcoin ETF Now Holds 270K BTC Blackrock, the world’s largest asset manager, shattered its record for assets under management (AUM), reaching a staggering $10.5 trillion. This financial behemoth also continues to dominate the U.S. spot bitcoin ETF m...
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Grayscale CEO Sees GBTC Reaching Equilibrium, Expects Outflows to Ease Crypto asset manager Grayscale Investments believes that GBTC “has started to reach a little bit of an equilibrium,” says CEO Michael Sonnenshein, noting that some anticipated outflows from the firm’s spot bitcoin ...
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Massive Bitcoin Market Turbulence Triggers $4,500 Crash; $167M in BTC Longs Erased in 1 Hour The price of bitcoin continued to decline over the weekend, dropping an additional 7.7% in the last 24 hours. It plummeted to a daily low of $61,384 per coin, prompting a significant wave of leveraged liquidations on Sat...
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Arthur Hayes Introduces New 'Risk Radar' for Ethena's USDE Stablecoin Following criticism of Ethena’s USDE stablecoin, which brought back memories of the Terra blockchain’s Anchor protocol failure, Ethena backer Arthur Hayes introduced a risk tracker by intotheblock.com that monitors a...
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Beauty and Fashion Brands Use Web3 Technology To Better Engage With Consumers Before the emergence of Web3, brands primarily relied on Web2 channels, such as social media, to connect with consumers. In fact, recent statistics show that 77 percent of businesses use social media to reach customers. ...
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VeChain Teams Up with UFC to Tokenize Fighter Gloves, Community Reacts Blockchain platform VeChain has announced its partnership with the Ultimate Fighting Championship (UFC) to tokenize fighter gloves and track their identities using the VeChainThor network. The post VeChain Teams Up with ...
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Presidential Election Betting Surges as Odds Tighten on Polymarket The competition has notably intensified in recent months for the 2024 U.S. presidential election, as indicated by the prediction market platform Polymarket. Just two months ago, former President Donald Trump was ahead wi...
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Severe Impact Expected for Miners With Outdated Hardware in Upcoming Bitcoin Halving Following the downturn in bitcoin’s price on Friday, the hashprice of bitcoin has declined from slightly above $119 per petahash per second to marginally over $116 per PH/s on a daily basis. Should the prices remain lo...
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Study Finds 70% to 80% of Secondary Market Transactions Involve Crypto and Stablecoins Around 70% to 80% of transactions in the crypto secondary market transactions occur between crypto assets and stablecoins. The South Korean government's welcoming stance, coupled with the high popularity of crypto assets...
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TON Society Reveals Biometric Proof-of-Personhood Palm Scanning Program TON Society announced a proof-of-personhood program targeting Telegram users, who can voluntarily scan their palms in exchange for benefits. The organization allocated 1 million TON for this initiative, distributed among...
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Concerns Raised Over China's Influence on US Bitcoin Mining Infrastructure Amidst growing concerns about national security and infrastructure vulnerabilities, China's role in the cryptocurrency sphere has become a focal point of discussion. The post Concerns Raised Over China’s Influence on U...
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Crypto Lawyer John Deaton Is Outraising Elizabeth Warren In Election Campaign John Deaton, a beacon of the crypto industry running for U.S. senate, is beginning to look like a legitimate threat to Elizabeth Warren's seat. The post Crypto Lawyer John Deaton Is Outraising Elizabeth Warren In Electio...
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Top Crypto Gainers Today on DEXTools - 420, WOPE, PEP On a day where cryptocurrency markets were roiled by geopolitical tensions in the Middle East and most major altcoins posted declines of north of 10% in the past 24 hours, traders flocked to the on-chain shitcoin markets...
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XRP Price Prediction Amid 11% Dump to $0.54 - Recovery to $1 Incoming? The XRP (XRP) price came under heavy selling pressure on Friday, dumping 11% to $0.54 amid a crash in altcoin markets due to rising concerns about a potential US/Israel versus Iran war. The post XRP Price Prediction Amid...
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Mysten Labs Announces Suiplay0x1, a Web3 Enabled Gaming Handheld Mysten Labs, the company behind the development of Sui, a proof-of-stake blockchain project, has announced it is working on developing Suiplay0x1, a Web3-enabled gaming handheld. The organization did not reveal hardware ...
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