Kelvin

Bitcoin sees $1.6b disappears from exchanges; here’s what it means for BTC’s price

Over the past four days, the price of Bitcoin has surged to reach a new peak for 2024, tracing back to February 12th. This significant rise in value coincides with investors moving a staggering $1.6 billion worth of Bitcoin into long-term storage. The surge in buying pressure, particularly driven by investors flocking to newly launched…

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Did Elizabeth Warren Really Support Bitcoin? Let’s Take a Closer Look

An elaborate prank orchestrated by Bitcoin supporters created the illusion that U.S. Senator Elizabeth Warren, a vocal opponent of cryptocurrency, had authorized a flag to be flown over the U.S. Capitol in honor of Satoshi Nakamoto, the pseudonymous creator of Bitcoin. However, this incident does not signify a sudden change of heart from Senator Warren…

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Bybit Taps into Bitcoin FOMO with Willy Wonka-Esque Campaign

With Bitcoin experiencing a recent resurgence driven by the approval of spot Bitcoin ETFs, anticipation surrounding the halving, and shifting macroeconomic trends, interest is once again piqued in the cryptocurrency sphere. Amid this renewed excitement, cryptocurrency firms that weathered the storm of the crypto winter are seizing the opportunity to capitalize on the market’s momentum….

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Binance Tops In Volume and Liquidity Ahead of OKX and Other Crypto Exchanges

The crypto market research platform Kaiko recently provided detailed comparisons between two major cryptocurrency exchanges, Binance and OKX. According to Kaiko’s data, Binance emerges as the exchange with higher liquidity when compared to OKX. Kaiko’s website offers valuable insights into the relative volume and liquidity of various crypto exchanges, with a key metric being the…

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Dispelling the Myth: Why XRP Isn’t a Stablecoin

The discussion surrounding XRP’s classification has been reignited recently, spurred by remarks from former Ripple director Sean McBride and the World Bank’s 2021 classification of XRP as a “stablecoin.” However, what’s intriguing is that this classification occurred over two years ago. So, why the sudden resurgence of interest? A Look Back: The World Bank’s 2021…

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Bitcoin rally to $52k lifts US crypto stocks to outsized gains

Bitcoin’s recent surge to $52,000 has not only captivated cryptocurrency enthusiasts but also had a notable impact on the shares of various US-listed companies focusing on crypto-related ventures. According to data from CryptoSlate, Bitcoin’s price experienced a robust increase of more than 6%, reaching a peak of $52,021 before retracing slightly below this psychological threshold…

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Shiba Inu lead’s Valentine’s Day teaser sends investors buzzing

Shiba Inu, the beloved cryptocurrency famed for its community-driven ethos and meme-inspired origins, is once again capturing attention with hints of significant developments set to unfold on Valentine’s Day. Speculation abounds regarding potential groundbreaking announcements or milestones in Shiba Inu’s journey, generating a buzz of excitement among crypto enthusiasts. The excitement surged when Shytoshi Kusama,…

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Starknet Foundation Set to Disperse 700 Million Tokens Among 1.3 Million Wallets

Starknet Foundation has unveiled the initial phase of the Starknet Provision Program, designed to incentivize community members with its utility token. Through a release on February 14, the platform outlined the distribution process and the broad utility of STRK tokens. STRK serves various functions, including covering transaction fees, staking, and facilitating governance activities such as…

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Will There Be Another Bitcoin Crash? Understanding Genesis’ $1.5 Billion GBTC Sale

The cryptocurrency community has been actively discussing Genesis’ plan to sell approximately 36 million shares of Grayscale Bitcoin Trust (GBTC), equating to a transaction valued at around $1.5 billion. This announcement has triggered concerns within the community regarding a potential downturn in the market, reminiscent of anxieties that followed the FTX bankruptcy estate’s massive sale…

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Financial Turmoil Spurs Crypto Wave in Latin America

The Presidency has recently characterized Nigeria as a nation facing significant economic challenges, emphasizing that the country’s wealth is often overestimated. Bayo Onanuga, Special Adviser on Information and Strategy to the President, conveyed this sentiment during an interview on Arise Television. Onanuga underscored Nigeria’s economic struggles, pointing out its relatively low per capita income compared…

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