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Institutional Crypto Firm Anchorage Digital Accumulates Eight Figures Worth of Ethereum DeFi Coin: Lookonchain - Crypto News Australia
Crypto bank Anchorage Digital is drawing attention for suddenly accumulating massive amounts of one decentralized finance (DeFi) altcoin. Blockchain tracking firm Lookonchain says that Anchorage Digital has used 13 wallets in the past month to accumulate more than $49.4 million worth of MKR, the native token for the DeFi protocol Maker. The most recent purchases […]
Ethereum Is No Longer ‘Ultrasound Money’ After Dencun Upgrade: Analysts - Crypto News Australia
We do the research, you get the alpha! Go to Alpha Reports Ethereum’s latest upgrade may have worked a bit too well, bringing unwelcome consequences for long-term Ethereum (ETH) investors. As advertised, the Dencun hard fork slashed transaction fees by over 90% on multiple Ethereum layer-2 networks shortly after going live on March 13. the […]
$85,200 Bitcoin Before Summer? Glassnode Analysts Say BTC Breaking Out of Bullish Technical Pattern - Crypto News Australia
The founders of crypto analytics platform Glassnode say that Bitcoin (BTC) may reach $85,200 before summer if a technical setup plays out. In a new thread, the co-founders of Glassnode , who go by the handle Negentropic on the social media platform X, tell their 62,800 followers that the crypto king appears to be breaking […]
Trump Says He’s ‘Good With’ Bitcoin and Crypto, Claims Biden Doesn’t Understand Digital Assets - Crypto News Australia
Former President Donald Trump says he’s now “good with” Bitcoin and cryptocurrency. At an event for Trump NFT holders at his Mar-a-Lago resort, Trump told attendees that regulatory hostility is driving crypto firms out of the US. “Crypto is moving out of the US because of hostility toward crypto. We’ll stop it because I don’t […]
Coinbase CEO Brian Armstrong Says Layer-2 Solutions Will Drive Many Use Cases in Crypto Economy - Crypto News Australia
The CEO of US-based crypto exchange Coinbase is optimistic that layer-2 scaling solutions will transform the crypto economy. Speaking at Coinbase’s first-quarter earnings call, Brian Armstrong says he sees layer-2 scaling solutions facilitating the explosion of crypto use cases with lower fees and faster transaction times. “As a reminder, layer 2 solutions help blockchains scale, […]
Subsidiary of Kraken Becoming Under-the-Radar Beneficiary of Multi-Billion ETF Boom: Report - Crypto News Australia
A subsidiary of US-based crypto exchange Kraken is reportedly greatly benefiting from the success of the spot Bitcoin (BTC) exchange-traded fund (ETF) boom. According to a new report by Bloomberg, CF Benchmarks – a London-based subsidiary of Kraken that provides reference data for about $24 billion in crypto ETFs – is emerging as an under-the-radar […]
Crypto Trader Says Three Altcoins Are His Golden Tickets, Flips Bullish on One Memecoin With ‘Monster’ Chart - Crypto News Australia
An analyst who continues to build a following with timely crypto calls says he has his radar locked on three altcoins. Pseudonymous trader The Crypto Dog tells his 776,300 followers on the social media platform X that he’s bullish on an Ethereum (ETH) challenger and a pair of memecoins as the digital asset market bounces. […]
This Week in Crypto Games: Supercell’s Investment, Saga Airdrop, ‘Parallel’ Adds Expansion
The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to […]
Here’s the Next Price Target for Bitcoin As BTC Repeats Previous Bull Market Pattern: Crypto Analyst - Crypto News Australia
A widely followed crypto analyst is laying out his bull market price target for Bitcoin, saying BTC is beginning to mirror its previous cycle. Pseudonymous analyst TechDev shares with his 448,000 followers on the social media platform X a chart that compares Bitcoin’s current market cycle to that of 2020-2021. Using Elliott Wave theory, which […]
Bitcoin Whales Gobble Over 47,000 BTC Worth $2,967,768,000 in Just 24 Hours Amid ‘New Era’: CryptoQuant CEO - Crypto News Australia
The chief executive of blockchain intelligence platform CryptoQuant says that Bitcoin (BTC) whales have snapped up nearly $3 billion worth of the crypto king in just 24 hours. CryptoQuant CEO Ki Young Ju tells his 345,000 followers on the social media platform X that the deep-pocketed investors have gobbled up tens of thousands of BTC […]
Jack Dorsey-Led Block Announces Plan To Invest 10% of Its Gross Profit From Bitcoin Products Directly Into BTC - Crypto News Australia
Jack Dorsey’s fintech conglomerate Block is now investing 10% of its gross profit from Bitcoin products directly into BTC itself. In a new announcement, the firm notes that it is making a strategic investment in the top crypto asset “following numerous positive developments both within the company and in the broader market.” “In April, Block […]