Category Archives: Cryptocurrency

Cryptocurrency: 3 Coins That Could Surge in March – Watcher Guru

Posted: February 27, 2024 at 3:55 pm

March is shaping up to be a pivotal month for investors. Three standout coinsBitcoin, Ethereum, and XRPemerge as frontrunners, each poised for significant movements. Lets explore the unique attributes that position these cryptocurrencies for potential surges.

Bitcoin, the original cryptocurrency, continues to lead the market with its robust infrastructure and widespread adoption. BTC is trading at $51,565.06 with a market cap exceeding $1 trillion. In addition, Bitcoins resilience and appeal to institutional investors underscore its potential for growth.

Its decentralized nature and limited supply of 21 million coins add to its allure as a hedge against inflation. It also makes it a prime candidate for a surge in March.

Also read: Shiba Inu: How Many SHIB You Need To Make $10 Million if It Hits $0.01?

Ethereum, known for its smart contract functionality, stands as the backbone of the decentralized finance (DeFi) and non-fungible token (NFT) sectors. With a current price of $3,000 and a market cap of $357 billion, Ethereums transition to a proof-of-stake consensus mechanism through Ethereum 2.0 promises enhanced scalability and energy efficiency.

Additionally, with a major upgrade expected and the ETH ETF anticipated in the first quarter, ETH is poised for growth. This pivotal upgrade could catalyze a significant price movement, reinforcing Ethereums position as a cornerstone of blockchain innovation.

Also read: Cryptocurrency: Top 5 AI Coins That Could Rally in 2024

XRP, with its focus on facilitating real-time, cross-border payments. It also offers a practical use case that sets it apart. In addition, priced at $0.5452 and with a market cap of nearly $30 billion, XRPs underlying technology, the XRP Ledger, is known for its speed, scalability, and low transaction costs.

As Ripple, the company behind XRP, continues to forge partnerships with financial institutions, XRPs utility and adoption are expected to rise. Additionally, it could drive up its price.

Also read: Shiba Inu: 3 Key Factors Could Unlock SHIBs Path to $0.01

As we look ahead to March, the cryptocurrency market remains a hotbed of opportunity. It also has Bitcoin, Ethereum, and XRP leading the charge.

Each coin, with its unique strengths and recent developments, is well-positioned for potential surges.

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Blockchain Unveiled: Beyond Cryptocurrency Lies a World of Opportunity – AutoGPT Official – AutoGPT

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Blockchain technology has gained significant attention and has the potential to revolutionize various industries beyond just cryptocurrency. Its importance and relevance extend far beyond financial transactions, opening up new avenues for innovation and transformation. The growing interest in blockchain technology is evident as industries worldwide recognize the opportunities it presents.

Blockchain goes beyond cryptocurrency by offering secure and transparent record-keeping, eliminating the need for intermediaries, and ensuring trust and accuracy in transactions. It has the power to solve real-world problems such as reducing fraud in banking, enhancing cybersecurity, improving supply chain management, and revolutionizing healthcare by securely storing and sharing patient data.

The scope of blockchain beyond cryptocurrency can be understood through keywords such as banking, cybersecurity, internet of things, government, healthcare, ride-sharing economy, supply chain, encrypted messaging, contracts, pharmaceuticals, and many more. These keywords represent the diverse range of industries that can benefit from blockchain technology.

With its decentralized and immutable nature, blockchain provides transparency, security, and efficiency, making it a valuable tool for transforming businesses and industries. The real-world applications of blockchain are vast and promising, offering solutions to challenges in areas such as finance, healthcare, government, supply chain management, and even the advertising and affiliate marketing industries.

As blockchain technology continues to evolve, it is crucial to explore its potential and embrace its possibilities. The future of blockchain holds promise in areas such as decentralized finance, tokenization of assets, non-fungible tokens, and decentralized autonomous organizations. The possibilities are endless, and the impact of blockchain technology goes beyond cryptocurrency.

Blockchain technology has transformed various industries beyond cryptocurrency, offering a world of opportunities for innovation and transformation. At its core, blockchain is a decentralized and distributed ledger system that ensures secure and transparent transactions. Unlike traditional centralized systems, blockchain operates without the need for a central authority, making it resistant to fraud and tampering.

One of the key aspects of blockchain technology is its concept of a distributed ledger. This ledger consists of a network of computers or nodes that store and verify transactions. Each transaction is recorded in a block, which is linked to the previous block, forming a chain of blocks. This structure ensures the integrity and immutability of the data stored on the blockchain.

Cryptography plays a crucial role in protecting the integrity of the blockchain. Through the use of cryptographic algorithms, transactions are securely encrypted and verified. This ensures that only authorized parties can access and modify the data on the blockchain, enhancing its security.

Beyond cryptocurrency, blockchain technology has the potential to revolutionize various industries:

Despite the numerous benefits, blockchain technology faces challenges such as scalability, energy consumption, regulatory frameworks, and interoperability. However, efforts are being made to address these challenges and enhance the technologys capabilities. The future outlook for blockchain includes decentralized finance (DeFi), tokenization of assets, non-fungible tokens (NFTs), and decentralized autonomous organizations (DAOs).

In conclusion, blockchain technology offers more than just cryptocurrency. Its decentralized and transparent nature has the potential to revolutionize various industries, enhancing security, efficiency, and trust. As organizations continue to explore and implement blockchain solutions, the impact on industries and digital interactions is expected to be significant.

Blockchain technology has the potential to revolutionize various industries, going far beyond cryptocurrency. Its decentralized and transparent nature enhances security, improves efficiency, and increases trust. Lets explore some of the key applications of blockchain:

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Updated Bitcoin prices outlook for 2024 By Investing.com – Investing.com

Posted: at 3:55 pm

With the price of on the rise once again, cryptocurrency is once again becoming a key talking point amongst investors and analysts

Bitcoin prices

After sizeable gains over the last few weeks, Bitcoin has continued to push higher this week, topping $57,000 on Tuesday. The latest move saw it reach its highest level since November 2021.

For the year-to-date, the premier cryptocurrency has risen 35%, while Tuesdays more than 4% gains (so far) add to its over 142% climb in the last 12 months.

Research firm Compass Point said in a recent note that BTC and ETH both have both outperformed, and are up significantly since their last report. The move has also driven strong crypto stock returns, notes the firm.

For example, Coinbase (NASDAQ:) has climbed over 13% so far this year, while Microstrategy (NASDAQ:) is up 24.9% in 2024.

Compass Point picked out COIN as a stock they continue to like, maintaining a Buy rating and $235 price target on the name. The firm believes it will benefit from increased trading volumes as BTC dominance declines and stronger retail mix, higher staking revenue driven by higher ETH/SOL prices, and increased interest income from USDC beginning to take share from while short-term rates remain elevated.

Bitcoin prices forecast

Looking ahead, Compass Point said they continue to like the set-up for BTC/Crypto and expect considerable upside in CY24 with BTC exiting the year at ~$85K+ levels driven by ETF inflows outpacing available supply on exchanges.

The firm highlighted that the prior BTC cycle low occurred in late November 2022 at ~$16.5K levels.

Since then, we've seen BTC price 3.3x to current ~$55K levels, added Compass Point. Overlapping prior 3-year cycles returns off the lows shows a strong relationship, which would suggest considerable continued upside if these trends were to continue before peaking out sometime 2H25 or early CY26.

Analysts at Compass Point acknowledged that interest rates haven't been this elevated in prior cycles. As a result, they believe absolute returns likely won't be as high.

However, they state that so far, cycles have rhymed. Until they see trends indicating otherwise, the firm continues to expect strong BTC price growth post-halving, which have historically been strongest in the first year post-halving before starting to taper off.

Elsewhere, analysts at Bernstein said in a recent memo that the crypto bull market is getting wider, with the Bitcoin bull market led by constant ETF inflows. The firm said Bitcoin halving is scheduled around April 20, 2024 and the price of the cryptocurrency historically breaks out post the event.

This time, Bitcoin price action looks stronger pre-halving, and in our view will likely sustain momentum for rest of the year, they wrote. The institutional narrative led by Bitcoin ETFs is driving demand, and Bitcoin being the reflexive asset, we expect higher price will bring higher ETF inflows, leading to new highs in 2024.

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Suspicious Activity Surrounds BitForex Cryptocurrency Exchange The Merkle News – The Merkle Hash

Posted: at 3:55 pm

A recent report by on-chain detective ZachXBT has shed light on concerning activity within the BitForex cryptocurrency exchange.

Investors are growing increasingly apprehensive as questions arise regarding the exchanges recent transactions and actions.

According to ZachXBTs findings, BitForex witnessed a significant $56.5 million withdrawal from its hot wallet on February 23. Surprisingly, withdrawal processing was abruptly halted, leaving users puzzled without any official communication or notice from the exchange.

Adding to the uncertainty, BitForex recently experienced a leadership shake-up with the resignation of its CEO, Jason, just a month ago. In a letter, Jason announced his decision to step down, citing personal reasons, while a new leadership team was slated to take charge.

However, the timing of these questionable activities following the CEOs departure raises eyebrows among investors and industry observers alike.

Of particular concern is Bitforexs substantial holdings in certain cryptocurrencies. The exchange holds 18% of the TRB supply and 7% of the OMI supply, which has stirred unease within the respective communities associated with these tokens.

Furthermore, users have reported encountering difficulties accessing the BitForex website, with some noting that their Cloudflare firewall is blocking connections to the platform.

This added layer of technical issues only amplifies concerns regarding the exchanges reliability and transparency.

ZachXBT has identified several wallets associated with the suspicious activity for monitoring purposes.

Among them are addresses 0xdcacd7eb6692b816b6957f8898c1c4b63d1fc01f, 3DbbF7yxCR7ni94ANrRkfV12rJoxrmo1o2, and TQcnqaU4NDTR86eA4FZneeKfJMiQi7i76o.

As the cryptocurrency community awaits further clarification from BitForex regarding these developments, investors remain vigilant and cautious amid the uncertainty surrounding the exchanges operations and integrity.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Image Source: dogdrawhand/123RF// Image Effects byColorcinch

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Donald Trump’s Cryptocurrency Portfolio Tops $5M, Thanks to $2.9M in Trump-Branded Tokens Bitcoin News – Bitcoin.com News

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Donald Trump's Cryptocurrency Portfolio Tops $5M, Thanks to $2.9M in Trump-Branded Tokens Bitcoin News Bitcoin.com News

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Donald Trump's Cryptocurrency Portfolio Tops $5M, Thanks to $2.9M in Trump-Branded Tokens Bitcoin News - Bitcoin.com News

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Matthew Perry’s X account hacked and soliciting cryptocurrency donations through fraudulent site – MSN

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Matthew Perry's X account hacked and soliciting cryptocurrency donations through fraudulent site MSN

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Bitcoin: Here’s why the flagship cryptocurrency keeps soaring – Cointribune EN

Posted: at 3:55 pm

18h30 3 min of reading by Luc Jose A.

Bitcoin (BTC) is witnessing an epic surge. Less than a week ago, the flagship crypto already particularly surprised with a record rise brushing against $53,000. The asset stuns again by breaking the key resistance of $55,000. The reasons for this spectacular surge in this article.

Bitcoin (BTC) continues to confirm the expectations of asset manager VanEck regarding its resurgence in 2024. Following a recent surge that pushed the valuation of the flagship crypto beyond $52,000, the asset has now made another remarkable breakthrough.

This has taken the market value of the queen of cryptos around $57,300. Bitcoin has broken the $55,000 resistance by gaining 11.14% on its valuation within a short 24-hour period! Enough to stir the enthusiasm of investors.

This notable increase in the price of bitcoin is the result of several factors. On-chain data suggest the primary and main factor as the interest of institutional investors supported by the optimism of the crypto market.

According to these data, there is a constant accumulation of bitcoins by whales. A trend that indicates a strong bullish sentiment in the long term suggesting the enhanced attractiveness of the asset among discerning investors looking for sustainable profits.

As Bitcoin (BTC) appears to be in a series of remarkable breakthroughs in recent days, what can we expect in terms of the prospects for the flagship crypto? Some analysts recently answered this question.

Someone like Michal van de Poppe boldly predicted a 40% collapse in the valuation of bitcoin in a context of macroeconomic austerity. For the moment, this prophecy does not seem to follow the announced direction.

Robert Kiyosaki, the investor who needs no introduction, put his finger in the fire predicting a rise in BTC to $100,000 by June 2024. With a bitcoin price at $57,300, trends seem to prove him right.

It is interesting to note that despite this bullish sentiment, short sellers betting against bitcoin are reinforcing the market optimism. A divergence that suggests a continuation of the rise in the bitcoin price (BTC), at least in the short term.

Maximize your Cointribune experience with our 'Read to Earn' program! Earn points for each article you read and gain access to exclusive rewards. Sign up now and start accruing benefits.

Diplm de Sciences Po Toulouse et titulaire d'une certification consultant blockchain dlivre par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'conomie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet cosystme en constante volution. Mon objectif est de permettre chacun de mieux comprendre la blockchain et de saisir les opportunits qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualit, de dcrypter les tendances du march, de relayer les dernires innovations technologiques et de mettre en perspective les enjeux conomiques et socitaux de cette rvolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

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HTX, formerly Huobi, resubmits Hong Kong crypto licence application – South China Morning Post

Posted: at 3:55 pm

The Hong Kong affiliate of cryptocurrency exchange HTX, formerly Huobi Global, has resubmitted its application for a licence to operate in the Asian financial hub, as the company seeks to win customers in the city after exiting the mainland market.

HBGL Hong Kong Limited has submitted another application for a licence for the virtual asset trading platform Huobi HK on Monday, after withdrawing its earlier application on February 23, according to a list of cryptocurrency exchange licence applicants published on the Securities and Futures Commission (SFC) website.

HBGL did not publicly disclose its reason for the withdrawal and resubmission.

Excluding HBGL, two cryptocurrency exchange operators have withdrawn their applications so far, while one has had its application returned, according to the SFC.

Beijing-founded HTX is the fifth-largest cryptocurrency exchange in the world by 24-hour trading volume, according to data from market tracker CoinGecko.

An HTX representative said on Tuesday that Huobi HK operates independently from HTX.

HBGLs resubmission came just days before a deadline for cryptocurrency exchanges hoping to operate legally in Hong Kong to put in a licence application.

While only a few international cryptocurrency companies have submitted applications, the Hong Kong market has been seen as a particularly attractive option for firms with strong ties to mainland China, most of which moved their headquarters overseas during Beijings crackdown on the industry.

Those companies include some of the industrys biggest names.

Crypto.com, founded in Hong Kong and based in Singapore, also applied for a licence this month. A total of 20 companies have submitted their applications as of Tuesday, according to the SFC.

Additional reporting by Matt Haldane

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Cryptocurrency Bitcoin Cash Up More Than 9% In 24 hours By Benzinga – Investing.com UK

Posted: at 3:55 pm

Benzinga - by Benzinga Insights, Benzinga Staff Writer.

Bitcoin Cash's (CRYPTO: BCH) price has increased 9.62% over the past 24 hours to $296.34. Over the past week, BCH has experienced an uptick of over 12.0%, moving from $264.4 to its current price. As it stands right now, the coin's all-time high is $3,785.82.

The chart below compares the price movement and volatility for Bitcoin Cash over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has increased 160.0% over the past week while the overall circulating supply of the coin has increased 0.02% to over 19.65 million which makes up an estimated 93.59% of its max supply, which is 21.00 million. The current market cap ranking for BCH is #21 at $5.82 billion.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Cryptocurrency Litecoin’s Price Increased More Than 4% Within 24 hours By Benzinga – Investing.com UK

Posted: at 3:55 pm

Benzinga - by Benzinga Insights, Benzinga Staff Writer.

Over the past 24 hours, Litecoin's (CRYPTO: LTC) price has risen 4.61% to $74.09. This continues its positive trend over the past week where it has experienced a 7.0% gain, moving from $69.59 to its current price. As it stands right now, the coin's all-time high is $410.26.

The chart below compares the price movement and volatility for Litecoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has increased 87.0% over the past week while the overall circulating supply of the coin has increased 0.02% to over 74.25 million which makes up an estimated 88.4% of its max supply, which is 84.00 million. The current market cap ranking for LTC is #22 at $5.50 billion.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Category Archives: Cryptocurrency

Cryptocurrency: 3 Coins That Could Surge in March – Watcher Guru

Blockchain Unveiled: Beyond Cryptocurrency Lies a World of Opportunity – AutoGPT Official – AutoGPT

Updated Bitcoin prices outlook for 2024 By Investing.com – Investing.com

Suspicious Activity Surrounds BitForex Cryptocurrency Exchange The Merkle News – The Merkle Hash

Donald Trump’s Cryptocurrency Portfolio Tops $5M, Thanks to $2.9M in Trump-Branded Tokens Bitcoin News – Bitcoin.com News

Matthew Perry’s X account hacked and soliciting cryptocurrency donations through fraudulent site – MSN

Bitcoin: Here’s why the flagship cryptocurrency keeps soaring – Cointribune EN

HTX, formerly Huobi, resubmits Hong Kong crypto licence application – South China Morning Post

Cryptocurrency Bitcoin Cash Up More Than 9% In 24 hours By Benzinga – Investing.com UK

Cryptocurrency Litecoin’s Price Increased More Than 4% Within 24 hours By Benzinga – Investing.com UK

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