[ad_1] Top US-based crypto exchange platform Coinbase is abruptly adding support for a stablecoin pegged to the Euro from Circle, the issuer of USDC. In a new thread on the social media platform X, Coinbase Assets says that the firm will begin supporting Euro Coin (EURC) on January 20th. “Coinbase will add support for EURC on the Ethereum network (ERC-20 token) and trading will begin on 20 June 2024 at or around 3PM ET. Do not send this asset over other networks or your funds may be lost.” According to Coinbase, EURC will be added to the crypto exchange with…
Author: dfrancis36
[ad_1] The Bitcoin price crash below $66,000 has taken the market by surprise, leading to over $90 million in liquidations in a 24-hour period. But even after dropping so much already, analysts do not believe that the worst is over. In particular, crypto analyst Ali Martinez has said that Bitcoin may still have a ways to go before the crash is over, prediction another 20% decline from here. Bitcoin Falls Below Major Pricing Band Crypto analyst Ali Martinez posted a new analysis on X (formerly Twitter) on the Bitcoin price that paints a rather bearish picture for the pioneer cryptocurrency.…
[ad_1] Tyler and Cameron Winklevoss, co-founders of cryptocurrency exchange Gemini, have donated 30.94 Bitcoin, valued at over $2 million, to former President Donald Trump’s campaign. Both Cameron and Tyler Winklevoss announced on their X accounts that they contributed 15.47 BTC ($1 million) each to Trump to “put an end to the Biden Administration’s war on crypto,” Cameron stated, stemming from the twins’ discontent with the Biden Administration’s stance on cryptocurrency regulation.JUST IN: Winklevoss twins donated 30.94 #Bitcoin worth over $2 million to Donald Trump to "put an end to the Biden Admin's war on crypto." 🇺🇸 pic.twitter.com/cHD2ENnqZM— Bitcoin Magazine (@BitcoinMagazine) June…
[ad_1] Today, Marathon Digital Holdings, Inc. (NASDAQ: MARA), a leader in Bitcoin mining, has launched an innovative pilot project to recycle heat generated from Bitcoin mining to warm a community in Finland. The 2-megawatt data center, energized at the end of May, is located in the Satakunta region, home to 11,000 residents.JUST IN: Marathon is now warming a town of over 11,000 in Finland using heat from #Bitcoin mining 🤯 🇫🇮 pic.twitter.com/BUEzj7zqOi— Bitcoin Magazine (@BitcoinMagazine) June 20, 2024 “This pilot project in Finland is a critical step forward in our strategy to expand globally and innovate sustainably,” said Fred Thiel,…
[ad_1] Recent data from CryptoQuant has highlighted a significant shift in Bitcoin Miners behavior, with miner reserves dropping to their lowest levels since 2010 while over-the-counter (OTC) selling activity has surged to higher levels. What This Means For BTC At the beginning of the year, miner reserves stood at approximately 1.87 million BTC but have yet to grow to about 1.81 million BTC today, a level not seen since 2010. This reserve decline is notable as it indicates a higher propensity for miners to sell off their holdings. Typically, this could lead to increased market supply and potential price depreciation,…
[ad_1] Ethereum is the home of decentralized finance (DeFi), looking at the over $100 billion in total value locked (TVL). Even though the figure fluctuates, mainly depending on the performance of ETH, it is clear that DeFi has proven revolutionary, opening up new use cases spanning multiple sectors, including finance and insurance. Are Ethereum DeFi Protocols Undervalued? Taking to X, one analyst is now convinced that a group of established DeFi protocols on Ethereum, including Uniswap and Aave, are highly likely to be grossly undervalued. Ethereum DeFi protocols overvalued | Source: @@JustDeauIt via X To put it in context, DeFiLlama…
[ad_1] A widely followed crypto analyst is issuing a warning about Bitcoin (BTC), saying the crypto king could see a sharp decline in price if one other major market crashes. In a new strategy session, crypto trader Justin Bennett tells his 110,800 followers on the social media platform X that BTC and crypto in general will get hammered if the stock market crashes. “Crypto bulls better pray the stock market doesn’t roll over because the recent relative weakness suggests the crypto market will get hammered if it does.” According to Bennett, if Bitcoin’s latest price drop was a fakeout or…
[ad_1] Bitcoin (BTC), the leading cryptocurrency, has regained momentum, bouncing off a weekly low of $64,000 to find support above $65,000, halting last week’s downtrend. This price recovery may be due to another significant investment round by business intelligence company MicroStrategy, led by Bitcoin bull Michael Saylor. The company announced on Thursday the acquisition of an additional 11,931 BTC valued at approximately $786.0 million, further solidifying its position as a major institutional holder of the digital asset. MicroStrategy’s Bitcoin Holdings Surge To Nearly $15 Billion MicroStrategy’s Chairman and Co-founder, Michael Saylor, revealed the latest acquisition in a social media post.…
[ad_1] If you’re optimistic about crypto following Bitcoin’s (BTC-USD) recent surge in popularity, you might be wondering which cryptocurrencies are the best to buy now for potential long-term gains. Which projects might see widespread adoption in the next decade, leading to substantial returns? Investing in crypto is quite different from investing in stocks. The first American stock exchange began in 1792, while Bitcoin became publicly available only in 2009. Therefore, the concept of cryptocurrency investment remains unclear to many people. Are you investing in Bitcoin because you believe it will become future legal tender, or are you simply looking to…
[ad_1] Gabor Gurbacs, an executive at VanEck and the founder of PointsVille in a recent acknowledgment of the expanding significance of cryptocurrencies in the financial landscape has commended Argentina and El Salvador for their innovative efforts in promoting Bitcoin and establishing a free crypto economy. Gurbacs emphasized how these countries’ leaders, Javier Milei and Nayib Bukele, have set El Salvador and Argentina at the forefront of the adoption of digital currencies, by utilizing creative legislation and economic integration. Both Nations Crypto Freedom Efforts Is Commendable The VanEck Executive Gabor Gurbacs’ appreciative insights were triggered by Argentina’s president Javier Milei’s recent support…