Strike

The post Bitcoin Overturns the Bearish Trend Ahead of ETH ETF: $70,000 Target Activated, Here’s When It May Strike! appeared first on Coinpedia Fintech News Just a few days before, the markets were filled with FUD as the Mt.Gox terror struck the market while the German government continued to sell the seized Bitcoin. Now that all the BTC have been sold, the markets have become optimistic ahead of the spot ETF launch which is scheduled for 23rd July. With this,…

The post Strike CEO Predicts $1 Million Bitcoin If History Repeats appeared first on Coinpedia Fintech News In a recent conversation with analyst Scott Melker, Jack Mallers, the CEO and founder of Strike, a global Bitcoin app, explained why he is a Bitcoin maximalist.  Scott asked him about the recurring cycles and drawdowns in Bitcoin prices, noting that people often get emotional and sell at the bottom, contributing to these patterns.  Melker suggested that we might be entering the next…

Bitcoin (BTC) seems poised for a major breakout, if prominent analysts are to be believed. The world’s most popular cryptocurrency has been stuck in a consolidation phase for a record-breaking 87 days, but experts say this slumbering giant might be about to awaken with a vengeance. Charting A Course For Breakout Faibik, a well-known crypto analyst, has identified a technical pattern on the Bitcoin daily chart that hints at a potential explosion. This pattern, known as a Descending Broadening Wedge,…

The post ALEX Lab Loses $4.3 Million in Tokens: DeFi Hackers Strike appeared first on Coinpedia Fintech News Bitcoin DeFi application ALEX Lab lost $4.3 million in various tokens early Wednesday. According to security researchers at CertiK, the attackers gained control of a private key that managed ALEX’s XLink bridge, which allows users to transfer tokens between blockchains. The hacker transferred over $300K worth of BTC, $3.3 million worth of stablecoins, and $75K worth of SKO tokens. ALEX developers claim…

Bitcoin could be headed to $1 million after a tsunami of newly printed cash drives up all asset prices, according to Strike CEO Jack Mallers. The executive, whose payments app lets people remit fiat currency around the world on Bitcoin rails, said in a Friday interview that money printing will be required to bail out the U.S. bond market, which he claims is “in trouble for the first time in modern financial history.” A Recipe For Money Printing According to…

Bitcoin miners have struck a proverbial goldmine, reaping an astonishing $107 million in profits, according to data from Glassnode, a leading analytics platform. This unprecedented windfall, amassed on April 20th, underscores a significant shift in the revenue dynamics of Bitcoin mining operations. The meteoric rise in transaction fees serves as a bellwether for the evolving economic landscape of Bitcoin mining. As the network adapts to new market demands and technological advancements, transaction fees have emerged as a crucial revenue stream…

Strike – a Bitcoin payments company and digital wallet provider – has closed an $80 million funding round led by Ten31.  The funds will bolster the company’s efforts to “revolutionize payments” for the payment industry’s biggest players.  According to a press release, both Washington University in St. Louis and the University of Wyoming also partook in the raise.  The funding leader, Ten31, is a Bitcoin and lightning infrastructure provider that’s invested in numerous other Bitcoin native companies like Blockware, Swan,…

The Bitcoin payments company Strike has partnered with Visa to integrate a ‘Visa card’ into its wallet app. This will allow Strike users to pay for goods and services in Bitcoin with any Visa-accepting merchant.  In a tweet on Thursday, Strike revealed its new Visa card, which it called the “Strike Card.” “You can now take Strike anywhere and earn rewards on everyday spending,” explained the company. The card rewards users with incentives for every purchase and charges no added…

Both Ripple co-founder Chris Larsen and Strike CEO Jack Mallers spoke extensively about proof of work (POW) at Bloomberg’s Crypto Summit on Tuesday. While the former believes the consensus mechanism is an existential threat to the planet, the latter sees no way that Bitcoin could function without it. Larsen: POW Has Poor Incentives During his interview, Larsen described Bitcoin mining as a “problem” responsible for contributing to the worldwide climate crisis. Rather than castigating miners themselves, he blames Bitcoin’s programming…