February 2024 | Page 41 of 122 | Last Cryptocurrency News Feed

Former Fidelity Digital Assets Head Joins Advisory Board of Ethereum L2 Layer N

Layer N, a roll-up network designed to scale financial applications on Ethereum, announced today the appointment of Hong Kong-based former Fidelity International executive Luc Froehlich to its advisory board.Layer N is an Ethereum StateNet, a network of specialized rollups optimized for the financial ecosystem aimed at onboarding institutional liquidity.Before joining Layer N, Froehlich led Fidelity

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Nvidia’s Hotly Anticipated Earnings May ‘Trigger’ Bitcoin and Crypto Correction, Analyst Says

Nvidia's fourth-quarter earnings could trigger a broader correction for equities and crypto if it fails to live up to the hype.AI-related tokens such as OCEAN and FET may also trade off Nvidia's earnings and outlook for the sector.The bitcoin (BTC) and the broader crypto rally could come to a halt if Nvidia's {{NVDA}} fourth quarter

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When Bitcoin ETFs Are Right for Investors (and When They’re Not)

There’s no doubt that the approval of bitcoin ETFs in January was a historic moment for the U.S. crypto market. It’s impactful from an acceptance as well as an access standpoint. Investors interested in digital assets heaved a big sigh of relief as the SEC finally relented, while financial news reporters can focus on which

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Collapsed Real Estate-Backed Stablecoin Charts Path to Recovery

Tangible's USDR stablecoin backed by real estate lost its peg to $1, but CEO Jag Singh says holders should be able to get 90 cents on the dollar paid in DAI and 10 cents in Tangible's governance token.USDR's promise was to offer holders extra yield by generating revenue via its U.K. real estate – but

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Long-Term Bitcoin Holders Shed 200k BTC: Here’s What It Means

After reaching $52,000 within a span of two years, Bitcoin seems to have encountered a barrier. It’s currently trading below this significant psychological threshold, but overall, the sentiment remains optimistic. Recent data indicates a characteristic pattern of behavior seen in bullish market holders. ‘Typical Hodler Behavior’ Long-term holders of Bitcoin have collectively sold about 200,000

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Binance Is Not Responsible for the Steep Decline of the Nigerian Naira, Company Fights Back

In a recent press release addressing its Nigerian customers, major crypto exchange Binance distanced itself from the rumored currency speculation that is putting downward pressure on the already weak naira. The development comes amid reports of the cryptocurrency exchange earlier placing a cap on USDT sales on its peer-to-peer (P2P) marketplace. Binance Reportedly Under Scrutiny

Bitcoin Magazine Feed

Bitcoin Magazine Editorial Policy On Bitcoin Layer 2s (L2s)

Bitcoin script, it seems, has been sorely underestimated. Following the release of the Ordinals protocol and BitVM white paper in 2023, conceptions are shifting about what is possible on the Bitcoin base layer, and it’s clear Bitcoin is now absorbing demand from other blockchains in the wider cryptocurrency ecosystem. Of course, developers have harbored aspirations

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STRK Tokens Claimed Hit 420M in a Day as On-Chain Metrics Soar

The STRK price slid to $1.77 from $5.00.Funding rates remain positive, showing bullish sentiment.Transactions per second and computational steps per second hit record highs on Tuesday.Robust demand for Starknet's newly released starknet (STRK) tokens means a full 71% of those available were snapped up in the first 24 hours after the mammoth airdrop went live.More

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Largest South Korean Parties Promise Bitcoin ETFs Before Election

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. As South Korea approaches its next legislative election in 2024, both the current ruling party and

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Is the DOE Crypto Mining Data Request an Opportunity for Energy Innovation or for Political Opportunists?

The U.S. Energy Information Administration’s (EIA) recent order instituting a mandatory six-month reporting requirement for cryptocurrency mining poses both concerns and opportunities to the mining industry. The shallow emergency declaration is draconian and the potential use of the collected data for an anti-cryptocurrency narrative risks compromising U.S. competitiveness.Tom Mapes is founder and president of the