Month: March 2024

As BlackRock’s IBIT accumulates 197,943 BTC, worth more than $13.5 billion, the discussion surrounding Bitcoin’s investment appeal is experiencing a notable shift. This change coincides with the recent approval by the United States Securities and Exchange Commission of nine new funds, underscoring the growing institutional interest driving Bitcoin’s valuation. With Bitcoin surpassing the $72,000 mark,…

Ark Invest, a U.S. asset manager known for its favorable stance on cryptocurrencies, foresees Bitcoin reaching $1 million before 2030, as CEO Cathie Wood revealed in a recent interview with the New Zealand Herald. Wood, a vocal advocate for Bitcoin, had previously projected a price target of $1.5 million earlier in the year during an…

Republican presidential frontrunner Donald Trump appeared on CNBC on Monday, where he expressed uncertainty regarding his stance on Bitcoin. Despite previously criticizing the cryptocurrency, Trump now admits to finding it enjoyable and is hesitant to consider its removal. He stated, “There has been a lot of use of that (bitcoin), and I’m not sure that…

Curve Finance, a prominent decentralized exchange (DEX) renowned for facilitating stablecoin swaps, is currently considering a proposal to increase the Automated Market Maker (AMM) fee within the LLAMMa (crvUSD) liquidity pool. Fine-Tuning Curve Finance’s AMM Fee: A Proposal for Enhanced Efficiency and Sustainability A recent proposal has emerged within the corridors of Curve Finance, one…

The prospect of the Securities and Exchange Commission (SEC) granting approval for Ethereum spot ETFs by May 23 is losing momentum. According to a recent update shared by Fox reporter Eleanor Terrett on X, prominent anti-cryptocurrency figures such as Senator Elizabeth Warren are actively lobbying against the introduction of ETH spot ETFs. Additionally, there is…

According to on-chain data provided by Lookonchain, a meme coin trader managed to convert an initial investment of $1.7 million in PEPE, a widely recognized meme coin, into a staggering profit of $8.13 million, marking an extraordinary 431% increase in just two weeks. PEPE Experiences Explosive Surge PEPE, a meme coin devoid of practical application,…

According to Scam Sniffer, a company specializing in anti-scam solutions for Web3, February 2024 witnessed a significant loss of $46.86 million in cryptocurrencies to scams. The report highlights that more than 57,000 individuals were targeted and victimized by a variety of phishing schemes. Interestingly, the findings indicate a notable decrease of 75% in the number…