Bitcoin

In May 2022, Nubank, Brazil’s largest digital bank, first announced that it would be supporting Bitcoin (BTC) and Ethereum (ETH) trading, alongside others like Solana (SOL), in a new partnership with the blockchain infrastructure company Paxos. Around that time, Nu Holdings, the parent company of Nubank itself, was reported to have allocated 1% of its total cash holdings to Bitcoin. Later on, Nubank announced sometime in December 2023 that its platform will be supporting crypto withdrawals and that feature is…

A crypto analyst has predicted when Ethereum, the world’s second-largest cryptocurrency, will bottom against Bitcoin, however, under certain conditions.  Analyst Predicts ETH/BTC Bottom Timeline In a recent X (formerly Twitter) post, crypto analyst and founder of ITC Crypto, Benjamin Cowen, shared his forecast regarding the Ethereum to Bitcoin price ratio, projecting the timeline for when ETH/BTC would hit its lowest value in the current market cycle.  Sharing insights on the market conditions, Cowen noted striking similarities between the present market’s…

Though Bitcoin prices are fast-dropping, looking at events in the daily chart, one analyst thinks the coin is gearing up for a comeback, citing developments in the USDT dominance chart, or USDT.D.  USDT Dominance Falling, Good For BTC? Taking to X on April 29, the analyst said USDT.D recently fell, breaking below a critical support trend line. Thus far, USDT.D faces strong rejections at immediate resistance levels, signaling weakness. All this, while considering the inverse relation the USDT.D chart has with…

The recent Bitcoin halving has ignited a fresh fervor in the crypto market, marking a pivot towards AI cryptos. Among these, Akash Network, Theta Fuel, and Raboo are gaining particular attention for their unique contributions and promising futures. Let's delve into why savvy investors are placing their bets on these AI cryptos. Akash Network (AKT) Akash Network stands out as a top decentralized cloud computing marketplace. Akash Network leverages unused cloud capacities in data centers to offer secure, private, and…

Crypto prices continue to crash to end the month of April, with Bitcoin falling to $60,800 at press time.  Meanwhile, Ethereum continues to see an even steeper decline, falling by 4% on Tuesday. The ETH price is now on the cusp of falling below $3,000 to end the month.  Why Is Crypto Crashing Today? Crypto prices reacted negatively after the recently approved Hong Kong Bitcoin and Ethereum ETFs missed expectations. As opposed to the anticipated $300 million in trading volume,…

A griefing attack on the Bitcoin testnet recently caused a surge in network activity, resulting in the generation of over 165,000 blocks, equivalent to three years’ worth of blocks in just one week. The attacker, Jameson Lopp, co-founder and Chief Security Officer of Casa, publicly took credit for the incident, facing backlash from other Bitcoin developers. Lopp Defends Attack as ‘Trivial Exploit’ Speaking on the decentralized social media platform Nostr, Lopp described the attack as a “trivial exploit” requiring only…

Bitcoin miners are beginning to feel the adverse effects of the latest halving, with industry revenues at their lowest point since early 2023. The tighter profit margins raise questions about which industry firms can stay afloat during Bitcoin’s next halving epoch, as well as how Bitcoin’s market price might be impacted. Steep Decline In Miner Revenue According to data shared by on-chain analytics platform CryptoQuant, Bitcoin’s “Puell Multiple” plummeted sharply immediately after the halving between April 19 and April 20.…

Russia bans the general circulation of cryptocurrency to boost ruble dominance and control the crypto market, with exemptions for miners and Central Bank projects. Debate has erupted over the necessity of regulation in Russia’s crypto ban; some call for clear laws, while others, like Finance Minister Anton Siluanov, prefer a moderate approach. Russia has announced a sweeping ban on the general circulation of cryptocurrency assets, aiming to bolster the ruble’s dominance and assert control over the crypto ecosystem. Anatoly Aksakov,…

The post Traders Watch XRP And Bitcoin Closely For Sudden Price Movements; Is $RECQ A Great Option Against Market Volatility appeared first on Coinpedia Fintech News TLDR XRP (XRP) has seen increased investor interest despite recent market volatility. Whales are buying the dip ahead of an SEC filing deadline on April 29, with one whale purchasing 24.05 million XRP worth around $12.39 million. Bitcoin (BTC) hit a daily transaction peak of 927,000 on April 23, exceeding the previous record. Runes,…