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February 28, 2024
Bitcoin price continues its parabolic rally with a swift move to $64,000. Is a new all-time high the next stop? Bitcoin (BTC) price rallied in excess of 10% to a new 2024 high at $64,000 on Feb. 28. The bulk of this month’s 50% price move is being attributed to investors’ anticipation of the upcoming...
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While Bitcoin was flirting with a new ATH, an apparent bug caused Coinbase users to see their account balances hit all-time lows. A surging Bitcoin price between 9:00 and 10:00 AM PST on Feb. 28 may have caused a disruption in Coinbase services as widespread reports of accounts suddenly showing a zero balance began to...
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You can move digital assets from various blockchains to Solana using decentralized bridges or centralized platforms. Under the hood, bridges work through a lock-and-mint mechanism. Blockchains can be considered virtual islands or distinct ecosystems, originally designed with limited ability to interact directly with one another. This design choice has historically restricted users’ ability to transfer...
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The blockchain financial service firm argued in January that a spot Bitcoin ETF would not be approved by the U.S. Securities and Exchange Commission. Daniel Yan, co-founder of Singaporean crypto services firm Matrixport, says that a market correction is imminent after Bitcoin (BTC) reached its highest level since 2021. “The sentiment of the market has...
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China’s digital yuan is probably the world’s leading central bank digital currency. In spite of its high level of development, it is not widely used. Table of contents: History of the digital yuan How is the digital yuan used in China? China is primed for digital yuan by Alipay The digital yuan abroad Is the...
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In recent quarters, Solana’s increasing on-chain activity points to a strong underlying demand for SOL tokens. Solana (SOL) looks poised to undergo a bull run in the current crypto market boom led by Bitcoin (BTC), argues independent market analyst Hansolar. At the core of Hansolar’s bullish analogy for Solana is its potential to replicate Ether’s...
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Bitcoin miners in the United States explain how energy-efficient models will help keep operations profitable post-halving. Recent data from Hashlabs Mining found that 40% of Bitcoin (BTC) mining occurs in the United States. While notable, some industry experts predict that the next halving may push U.S.-based miners offshore.  Raphael Zagury, chief investment officer at Swan...
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Telegram channel owners will start receiving 50% of all advertising revenue generated in their channels. Online messaging application Telegram has announced the launch of its ad platform, which was built on The Open Network (TON) blockchain. Starting in March, Telegram channel owners in over 100 countries can start receiving financial rewards for their work after...
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The last time Bitcoin traded above $60,000 was in November 2021, shortly after it reached its all-time high. Is a “pre-halving retracement” imminent? Bitcoin breached $60,000 for the first time in over two years after rising over 6% in the 24 hours leading up to 1:00 pm UTC, touching $60,001 on Binance at 1:11 pm....
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New Binance initiative extends VIP program to traditional asset traders, aiming to bridge the gap between crypto and traditional finance. Binance, one of the world’s largest cryptocurrency exchanges, announced the launch of a new initiative that allows new users to use their aggregated volume of traditional assets or crypto from external trading venues to qualify...
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