Chain News by Thebittimes.Com

Mar 31, 2024 at 12:41 // Price Author Coin Idol The price of Bitcoin (BTC) has remained stable after breaking above the 21-day SMA. Price Analysis by Coinidil.com. Long-term forecast for the Bitcoin price: bullish On March 25, the Bitcoin price rallied, breaking above the 21-day SMA and reaching a high of $70,983. The largest cryptocurrency reached a new high and consolidated back above the psychological price of $70,000. The current price level was held by consolidation and the development of doji candlesticks. Currently, a price consolidation above the mo...

Key takeaways Dogecoin is the best performer amongst the top 10 cryptocurrencies by market cap this week. Bitcoin Dogs prepares to carry out the biggest NFT mint on Bitcoin follow ing its presale. DOGE tops $0.20 after this week’s rally DOGE, the native coin of the Dogecoin ecosystem, is the best performer amongst the top 10 cryptocurrencies by market cap this week. The memecoin rallied by 28% over the last few days, outperforming other major cryptocurrencies/ At press time, the  price of Dogecoin stands at $0.2093 as DOGE crosses this mark for the first time since December 2021. With Dogecoin rallying, other memecoins could follow suit.  Shiba Inu and Pepe have all recorded decent gains in recent days and others could rally higher.  What is Bitcoin Dogs? Bitcoin Dogs is a project that is looking to leverage the growth of the Bitcoin blockchain in recent years. It will provide utility to users and is the first BRC-20 token IC...

With the larger part of the crypto currency sector not yet done with bullish advances, some of its assets stand out, posing better investment opportunities than others for the month to come, and some of them are still purchasable at a low entry price of below $1 per wholecoin. In this context, Finbold has analyzed the performance of these crypto assets to arrive at the list of three that are currently changing hands at a price of less than a dollar apiece, which represent some of the best purchase choices for crypto traders and investors in April. #1 Dogecoin (DOGE) Indeed, the first on the list of best cryptos under $1 to buy for April is Dogecoin (DOGE), the popular meme coin that has attracted the attention of whales, which have already scooped up $280 million worth of DOGE in just two weeks, illustrating massive demand that could drive up its price. Picks for you Bitcoin halving dates 2024: When, why, and what to know 29 mins ago Blockchain stock boom: The c...

BlackRock chief executive Larry Fink believes approval of spot Ethereum (ETH) exchange-traded funds (ETFs) could still occur even if the top altcoin is deemed a security. In a new interview on FOX Business, Fink says that the chances of approval for pending applications to launch spot ETH ETFs would not be adversely impacted if the U.S. Securities and Exchange Commission (SEC) designates Ethereum as a security. “I don’t think that [security] designation is going to be that deleterious.” BlackRock is among several companies with pending applications before the SEC to launch a spot ETH ETF following the successful launch of spot Bitcoin (BTC) ETFs in January. The SEC considers Bitcoin a commodity, not a security. Gary Gensler, SEC chair, has not said whether he believes ETH is a security, but he has suggested many digital assets besides Bitcoin could be deemed securities. The SEC is reportedly moving to designate ETH as a security. Meanwhile, the U.S. Commod...

BlackRock CEO Larry Fink said an Ethereum ETF (exchange-traded fund) can gain regulatory approval even if it is classified as a security, and added that he is “very bullish” on Bitcoin in the long term. When asked in a Mar. 27 Fox Business interview if BlackRock could still list an ETF product based on ETH even if it is deemed a security by the Securities and Exchange Commission (SEC), Fink replied, “I think so.” Ethereum ETF Applications Face Rejection As SEC Fails To Classify ETH The SEC has yet to clarify whether the largest altcoin by market cap is a security or a commodity. Congress is pressuring the SEC to clarify its status as securities platform Prometheum plans to launch an ETH custody service.  The SEC is reportedly aiming to classify ETH as a security and has sent subpoenas to several companies as part of its inquiry into the matter. This potential classification has raised concerns of whether it would even be possible to launch an ETH ETF...

Yesterday’s $62 million hack of NFT-gaming project Munchables caused a stir amongst the crypto community, with calls for Blast ’s core team to manually undo the damage on the centralized rollup . Fortunately, such controversial action turned out to be unnecessary. Once it became clear that they were unable to get away with their ill-gotten gains, the rogue developer responsible for the theft returned the funds to the Blast team. $97m has been secured in a multisig by Blast core contributors. Took an incredible lift in the background but I’m grateful the ex munchables dev opted to return all funds in the end without any ransom required. @_munchables_ and protocols integrating with it like @juice_finance… — Pacman | Blur + Blast (@PacmanBlur) March 27, 2024 Read more: Crypto game exploited for $4.6M, hacker claims to be white-hat As with The DAO hack on Ethereum in 2016, the incident forces us to consider the implications of interfering with what are supposed to be immutable ...

Valkyrie co-founder and CIO Steven McClurg says a spot Ethereum ETF approval is unlikely in May. He says its likely a Litecoin or XRP spot ETF is approved before that of ETH. Steven McClurg, the co-founder and CIO of asset management firm Valkyrie, believes the US Securities and Exchange Commission (SEC) will not approve a spot Ethereum ETF approval in May. The Valkyrie CIO shared his remarks during a fireside chat at the Digital Wildcatters Empower Conference. Fox Business’ Eleanor Terrett shared McClurg’s opinion via her official X account on Wednesday, March 27. 🚨NEW: Some key takeaways from my fireside chat at @DWildcatters Empower Conference with @ValkyrieFunds CIO @stevenmcclurg: 📌He believes $ETH could be a security and the spot ETF will not get approved in May. 📌He thinks it’s more likely a $LTC or $XRP spot ETF gets approved… pic.twitter.com/6VjaBEXubL — Eleanor Terrett (@EleanorTerrett) Mar...

Whales are gobbling up a red-hot crypto project that’s focused on tokenizing real-world assets (RWAs). The crypto tracker Lookonchain notes that one whale withdrew 6.53 million ONDO, the native token of Ondo Finance, from the crypto exchange Bybit over the past month. That trove is worth more than $6 million. Ondo Finance aims to provide institutional-grade financial products and services via a public blockchain by tokenizing RWAs and developing financial protocols that integrate those tokens. Lookonchain also notes that a different whale withdrew 1.98 million ONDO worth nearly $1.83 million from the crypto exchange Gate.io over a one-hour period on Sunday. A third whale also withdrew 937,600 ONDO worth $864,867 from Gate.io a few hours before that, according to the blockchain tracker. ONDO is trading at $0.922 at time of writing. The 91st-ranked crypto asset by market cap is up more than 8% in the past 24 hours and nearly 124% in the past week. The token...

Cryptocurrency is finally leaving the choppy market as bitcoin prices exceed $70k. Evidently, the crypto rally is back, as several altcoins have begun to post significant increases in price in the last 24 hours. AVAX and SOL lead major altcoins with over 20% price increases, and many upcoming cryptos posing significant price surges.  As we return to the bull market, spotting the next cryptocurrencies to explode becomes easy. Thus, today’s post explores the price action of Toshi, Venom, and Mantra, aiming to uncover the prospect of each token and highlight why they should be included in investors’ watchlists.  Next Cryptocurrency To Explode Moreover, the bullish trend favors established cryptocurrencies and opens the door for presale cryptos to post exciting numbers. 5th Scape recently launched its presale offering, and it’s now raised over $2 million, even though it’s only in stage 3. The details of the project are covered in the article.  1. T...

After a bearish slump over a few weeks, Ripple XRP is back in the green and has more room to grow according to historical trends. At press time, XRP is up 4% in the last 24 hours and 8% in the past week, trading at $0.6498. With analysts expecting this rebound as March comes to a close, all eyes are on how Ripple XRP will perform in April. Based on XRP’s historical performance around this time in the past, some holders expect as much as a 30% surge in April. According to data from CryptoRank, April historically brings good for XRP, with an average monthly return of 31%. With next month also featuring the Bitcoin Halving, XRP is expected to join all cryptocurrencies in receiving a notable pump from BTC as well. Source – Tin Tức Bitcoin Looking back at XRP’s price history reveals a mixed but predominantly positive outlook. While April 2022 and April 2023 witnessed declines in XRP’s value, the years 2019, 2020 and 2021 brought significant gains. Notably, 2021 r...

Ambient, a decentralized exchange protocol (DEX), has joined the ranks of data providers on the Pyth Network, according to the information shared with Finbold on March 25.  The partnership marks a pivotal moment, enabling Blast and Scroll DEX for on-chain assets to furnish real-time price data.  With Ambient in its arsenal, the Pyth Price Feeds is now more ready than ever to fortify data integrity and security, enhancing the experience of Web3 developers worldwide. Picks for you Bitcoin to hit $100k after confirming critical support 31 mins ago 3 cryptocurrencies to turn $100 into $1,000 in April 1 hour ago Binance Academy and BNB Chain introduce innovative developer training program 3 hours ago What’s going on with Australian dollar vs. US dollar (AUD/USD)? 3 hours ago Doug Colkitt, the Founder of Ambient Finance, expresses enthusiasm about the collaboration stating: “We are excited to leverage our market data to support the Pyth Ne...

The digital asset market may have faced a steep correction this week, but a plethora of assets have maintained optimism. Among them is Ripple (XRP) which could have a reversal preparing it for a $3 price after the highly-anticipated Bitcoin Halving event. The event will see the circulating supply of Bitcoin (BTC) be cut in half. Moreover, it is expected to take place on April 19th. With XRP setting up to reverse from a recent downtrend, it could be placing itself in the perfect position to benefit from the positive market sentiment that that halving will undoubtedly bring. Also Read: XRP to the Moon? Will Ripple Steal Ethereum’s Crown Amid SEC Drama?  Ripple Reversal Placing $3 Post-Halving Price in View? Throughout the first three weeks of March, the digital asset market has seen massive gains across the board. Bitcoin saw its price reach an all-time high of $73,000 almost halfway into the month, setting the stage for plenty of coins to benefit. However, the last week has...

The crypto market is experiencing a pullback after Bitcoin , the leading cryptocurrency, reached a new all-time high. However, Ethereum (ETH) is not left out in this downward move. After setting a new yearly high of $4,094, the price of Ethereum has been moving downward and this has led to the price trading below the 100-day Moving Average (MA) both in the 1-hour and 4-hour timeframes, but this is not so in the daily timeframe.  Will the price continue downward or will it change direction and start moving upward? At the time of writing, Ethereum’s price was trading around $3,360 and was up by 0.64% in the last 24 hours. Ethereum Indicators And What They Suggest Looking at the chart, technically we can see that a support level of $3,067 and a resistance level of $3,681 and $3,591 have been formed respectively. None...

A privacy-focused altcoin that uses eye-scanning artificial intelligence (AI) technology is implementing a new custody feature that will allow users to store their data on personal devices. In a new blog post, Worldcoin (WLD), created by OpenAI chief executive Sam Altman, says that the change will increase Worldcoin’s utility in general and is a step toward “solidifying the project’s user-centric architecture.” “Personal data custody, or Personal Custody, means that the information (images, metadata and derived data) generated at the orb and used to generate the iris code during World ID verification is held on your device. This approach gives you control over the flow of this data – not just deletion, but any future use prior to being deleted.” According to Worldcoin, since the end result of the new feature is a package of encrypted data that resides on a user’s device, that same information will be deleted from the project’s orb. “Since all data is encrypted b...

Crypto traders know that many factors affect investing in cryptocurrencies. Timing your Bitcoin (BTC) purchase right can get you more value for the same amount. At the same time, the opposite is true: bad timing can mean that you just wasted a part of your money that you did not have to. Today’s article will discuss the worst day you can pick to buy Bitcoin, explain why you should avoid buying crypto coins on this day, and provide other relevant information on how to properly time your Bitcoin investments. Volatility of Bitcoin Bitcoin price, like that of all crypto, is notoriously volatile. Compared with stocks and bonds, it can swing wildly and frequently within a short time. Picks for you Polkadot’s Community Coin PINK launches on March 21  13 hours ago Bitcoin sidechain Mintlayer unveils new staking platform offering 198% APY 15 hours ago EDF Group’s Exaion becomes Chiliz Chain validator node 19 hours ago Here’s how much a $1,000 investment in G...