Trade Crypto Now

17 Sep 2024 22:07

💰 Coinbase reports 'degraded performance' for Polygon transactions shortly after network upgrade

Coinbase, the largest U.S. cryptocurrency exchange, has put out a status update alerting users that Polygon transfers may be delayed. “We are aware that some users may be experiencing delayed sends and receives for Polygon (Matic). Buys, Sells, and Fiat withdrawals/deposits are not affected. We are investigating this issue and will provide an update shortly. Rest assured, your funds are safe,” the company’s status page read.

Source

@TradeCryptoNow

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13 Sep 2024 09:39

💰 Cypherpunk Holdings goes all in on #Solana, rebrands as SOL Strategies

Cypherpunk Holdings (ticker: HODL) is doubling down on its strategy to buy and stake Solana’s native token — to such an extent that the publicly traded cryptocurrency holding company has been renamed Strategies, it announced on Thursday. The firm, which only began buying SOL in the second quarter of 2024 (when former Valkyrie CEO Leah Wald took up the reins as chief executive officer), now holds over 86,000 solana (valued above $11 million at current prices, according to The Block’s data), the majority of which are being staked to earn token rewards.

Source

@TradeCryptoNow

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12 Sep 2024 07:29

💰 Cleanspark’s $27.5M expansion to boost Bitcoin mining power by 22%

CleanSpark is set to acquire seven Bitcoin mining sites in Tennessee, along with associated properties, for $27.5 million, according to a Sept. 11 statement. The miner stated that these facilities have a combined power capacity of 85 megawatts (MW), which means the deal equates to about $324,000 per MW.

Source

@TradeCryptoNow

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09 Sep 2024 17:47

📊 Bitcoin, ether remain subdued as markets process underwhelming US economic data

Bitcoin and ether remain under key price levels after sliding down over the weekend following Friday's bearish U.S. economic data. The largest cryptocurrency trades at $54,744 when writing, gaining 0.64% in the past 24 hours. Ether (ETH) added 0.17% to change hands at around $2,291, according to The Block’s crypto price page.

Source

@TradeCryptoNow

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07 Sep 2024 08:36

🪙 Vaneck Reveals Plans to Close Ethereum Futures ETF

On Sept. 6, Vaneck announced its decision to close and liquidate the Vaneck Ethereum Strategy exchange-traded fund (EFUT). The liquidation comes after evaluating key factors, including performance and investor interest. The firm noted that shareholders will have until September 16, 2024, to sell their shares before delisting.

Source

@TradeCryptoNow

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06 Sep 2024 05:39

🇺🇸 US crypto firms ramp up lobbying efforts, expenditures up 1386% over 7 years

A recent study has revealed that US crypto companies have significantly increased their lobbying efforts, with expenditures rising by 1386% from 2017 to 2023. According to data compiled by Social Capital Markets, crypto firms spent $40.42 million lobbying for regulatory changes during 2023 alone, signaling the growing importance of government relations in the industry.

Source

@TradeCryptoNow

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05 Sep 2024 10:42

🇨🇭 Major Swiss bank ZKB launches 24/7 Bitcoin and Ethereum trading

Switzerland’s fourth-largest bank, Zürcher Kantonalbank (ZKB), has introduced trading and secure storage for major digital assets, including Bitcoin and Ethereum, according to a Sept. 4 announcement. According to the bank, its customers can now trade BTC and ETH around the clock through its existing ZKB eBanking or ZKB Mobile Banking. It added that this was facilitated through its partnership with Crypto Finance AG, a subsidiary of Deutsche Börse Group.

Source

@TradeCryptoNow

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04 Sep 2024 20:48

💰 Bitcoin ETFs see $287.8 million outflow, largest since May 1

Farside data shows that Bitcoin ETFs experienced a significant outflow of $287.8 million on Sept. 3, marking the largest outflow since May 1, when $563.7 million exited the market. Eight ETF issuers recorded outflows, highlighting a broad retreat from Bitcoin ETF investments. Among the hardest hit was Fidelity’s FBTC, which saw a $162.3 million outflow, and Grayscale’s GBTC, with $50.4 million leaving the fund. Bitwise’s BITB ETF lost $25.0 million, while ARK’s ARKB ETF experienced a $33.6 million outflow.

Source

@TradeCryptoNow

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04 Sep 2024 08:35

🇰🇵 FBI warns of North Korean threat to crypto, cautions against potential ETF-related attacks

The Federal Bureau of Investigation (FBI) issued a warning about North Korea’s aggressive targeting of the crypto industry on Sept. 3. The agency detailed the sophisticated social engineering campaigns conducted by North Korean actors against employees of crypto-related businesses, notably DeFi applications.

Source

@TradeCryptoNow

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02 Sep 2024 22:32

📊 Crypto exchange trading volumes continued upward trend in August

Trading volumes on centralized cryptocurrency exchanges increased in August, extending the growth that began in July after hitting a multi-month low in June. The Block's Data Dashboard reveals that monthly spot market volumes across global cryptocurrency exchanges, including Binance and Coinbase, reached $1.2 trillion in August, up from $1.12 trillion in July—a 6.6% increase. Binance captured the largest market share in August, with a trading volume of $448.45 billion.

Source

@TradeCryptoNow

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01 Sep 2024 09:49

🇸🇻 Bukele States Bitcoin Was an Effective Rebranding Tool for El Salvador

President Nayib Bukele pondered how El Salvador adopted the bitcoin banner and evaluated how it has fared for the country so far. In a recent interview given to Time magazine, Bukele admits that while Bitcoin adoption has not grown as he expected, adopting bitcoin as a legal tender worked as a rebranding for the nation.

Source

@TradeCryptoNow

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30 Aug 2024 17:34

💰 Bitcoin miner wallet balances continue to shrink

Bitcoin miners’ wallet balances have been on a steady decline since 2011, with the trend continuing into 2024. The first chart illustrates a significant reduction from an all-time high of over 2.5 million BTC in late 2011 to under 2 million BTC by mid-2024. This decline has been influenced by miners liquidating assets to cover operational costs, especially during periods of market volatility and post-halving events.

Source

@TradeCryptoNow

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30 Aug 2024 08:32

💰 Cipher Mining Boosts Bitcoin Data Center Portfolio With 300 MW Texas Site Purchase

Cipher Mining Inc. revealed that it has acquired a sprawling 250-acre property in West Texas, which includes a 300-megawatt (MW) data center. The company also highlighted that this location is ideal for high-performance computing (HPC) services.

Source

@TradeCryptoNow

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29 Aug 2024 08:32

🪙 Memecoin launched by address connected to Ethereum Genesis block rockets to top of Uniswap charts

A wallet connected to the Ethereum network’s Genesis block appears to have launched a memecoin, according to blockchain data sites DEX Screener and Etherscan. The token peaked at a market capitalization of over $125 million after launching around 8:15 a.m. ET. The so-called PHIL token is currently trading on the decentralized exchange Uniswap V2, changing hands for about $0.08 — down from a peak price of $0.10 about an hour after launch.

Source

@TradeCryptoNow

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28 Aug 2024 10:42

🪙 Ethereum Foundation reveals spending after speculation over massive transfer

Ethereum Foundation (EF) contributor Josh Stark posted a breakdown of the organization’s expenditures for the past two years on social media on Aug. 27. Stark shared the information after growing speculation that the foundation might plan to sell a large amount of Ethereum. The rumors sprang up after a wallet linked to the foundation made a large transfer.

Source

@TradeCryptoNow

Trade Crypto Now

14 Sep 2024 10:22

💰 MicroStrategy buys $1.1 billion in #Bitcoin amid market volatility

MicroStrategy acquired approximately 18,300 Bitcoin for $1.1 billion between Aug. 6 and Sept. 12 at an average price of $60,408 per BTC, according to a Sept. 13 filing with the US Securities and Exchange Commission (SEC). Coinflip data shows the company’s latest purchase already has a paper loss of $2.2 million due to the top digital asset’s current volatility.

Source

@TradeCryptoNow

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12 Sep 2024 17:29

🏦 Coinbase’s cbBTC launches seeking DeFi boom on Base and #Ethereum

Coinbase has officially launched its wrapped Bitcoin token, cbBTC, on its layer-2 network, Base, and Ethereum mainnet, according to a Sept. 12 statement. According to Coinbase, cbBTC is an ERC-20 token fully backed by Bitcoin and custodied on the platform. When users send BTC from Coinbase to Base or Ethereum, it automatically converts to cbBTC and vice versa.

Source

@TradeCryptoNow

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10 Sep 2024 19:44

🥇 Bitwise CIO highlights rapid adoption of Bitcoin ETFs by advisors

Bitwise Chief Information Officer (CIO) Matt Hougan asserted that investment advisors are adopting spot Bitcoin (BTC) exchange-traded funds (ETFs) faster than any other ETF launched in recent history. Hougan made the statement in response to a Sept. 8 social media post by researcher Jim Bianco, who claimed that less than 10% of US-traded spot Bitcoin ETFs AUM comes from investment advisors. He added that the ETFs are a “small tourist tool” instead of an adoption vehicle.

Source

@TradeCryptoNow

Trade Crypto Now

09 Sep 2024 10:32

🪙 Tether addresses $102 million agricultural investment: land is "crucial asset class"

The latest business that caught the eye—and the capital— of Tether, issuer of the world's largest stablecoin and the most valuable company in crypto, has been revealed. Between July 29 and August 16 of this year, Tether's investment division purchased shares worth about $102 million in South America-based agricultural giant Adecoagro SA, which trades on the Nasdaq stock exchange as AGRO, filings show.

Source

@TradeCryptoNow

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06 Sep 2024 17:34

🇷🇺 Chainalysis says Russia’s crypto infrastructure aims to skirt Western sanctions

According to blockchain analytics provider Chainalysis, the Central Bank of Russia (CBR) is spearheading efforts to develop financial infrastructure that will enable the country to use cryptocurrencies for international trade and circumvent Western sanctions. Friday's Chainalysis policy and regulation report highlighted recent legislation passed by the Russian parliament that legalizes cryptocurrency mining and allows the use of cryptocurrencies for international payments.

Source

@TradeCryptoNow

Trade Crypto Now

05 Sep 2024 16:28

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05 Sep 2024 09:13

🐶119 Million DOGE Sent to Robinhood, Market Impact Feared

🚨 Over 119 million Dogecoin, worth $11.7 million, was transferred from an unknown wallet to Robinhood. This large move raises concerns of a potential sell-off, increasing bearish sentiment in the DOGE market.

📉 Dogecoin is down 2.87% in the last 24 hours, trading at $0.09629. The overall market has dropped 3.6%, with the crypto market cap falling below $2 trillion.

🤝 @Cryptocurrency_Inside ✅

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04 Sep 2024 15:37

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03 Sep 2024 08:36

📊 Global crypto investment products see $305 million in weekly outflows: CoinShares

Global crypto investment products at asset managers such as Ark Invest, Bitwise, BlackRock, Fidelity, Grayscale, ProShares and 21Shares returned to net outflows last week, totaling $305 million, following net inflows of $543 million the week before, according to CoinShares' latest report. “We continue to expect the asset class to become increasingly sensitive to interest rate expectations as the Fed gets closer to a pivot,” Butterfill added.

Source

@TradeCryptoNow

Trade Crypto Now

02 Sep 2024 10:37

🧿 Cardano shifts to decentralized governance as Chang hard fork goes live

Cardano, the Layer 1 blockchain founded by Ethereum co-founder Charles Hoskinson, has officially undergone the first stage of its Chang hard fork, becoming the first major blockchain to transition its centralized governance structure to a token-based decentralized governance system. Over the next 90 days, Cardano will undergo a full transformation to a community-led governance model overseen by an interim committee.

Source

@TradeCryptoNow

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31 Aug 2024 16:59

🌏 Asia leads in global crypto adoption due to progressive regulatory approach

Singapore has emerged as the global leader in crypto adoption due to its progressive regulatory approach toward the industry, according to the Henley Crypto Adoption Index 2024. The report, published by investment migration consultancy Henley & Partners, highlighted the city-state’s robust regulatory environment, innovation in financial technology, and widespread public adoption as key factors propelling it to the top of the list.

Source

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30 Aug 2024 08:49

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29 Aug 2024 19:48

💰 Bitcoin's Latest Difficulty Rise Challenges Miners Already Facing Revenue Slump

Bitcoin’s difficulty ticked up 2.99% on Wednesday, reaching 89.47 trillion, where it will stay until Sept. 10, 2024. The network’s difficulty metric essentially functions like a self-adjusting thermostat for the Bitcoin network, maintaining a consistent pace of block creation regardless of fluctuations in mining power. Simply put, if hashpower increases and blocks are mined too quickly, the difficulty rises.

Source

@TradeCryptoNow

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28 Aug 2024 17:57

❄️ TON resumes operations after traffic surge from $550M DOGS airdrop disrupts network

The Open Network (TON), the blockchain network linked to Telegram, has resumed operations following a significant outage that lasted nearly six hours due to a spike in network traffic. Some community members speculated that the outage might be linked to Telegram CEO Pavel Durov‘s recent arrest in France.

Source

@TradeCryptoNow

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27 Aug 2024 19:43

🟢 MakerDAO rebrands as Sky, unveils new USDS stablecoin and SKY governance token

MakerDAO has rebranded to Sky and announced the names of its upcoming upgraded tokens, USDS and SKY, set for September 18. The release of the names follows its recent confirmation of upgrades to its token ecosystem. The rebranding is part of MakerDAO’s “Endgame Plan,” a vision laid out by co-founder Rune Christensen aimed at transforming the structure of the DAO to enhance DeFi’s growth, accessibility, and resilience.

Source

@TradeCryptoNow