Bitcoin’s steady ground: Analyzing stability at $51,000 amid crypto market volatility Crypto News: In the dynamic world of cryptocurrencies, Bitcoin remains the cornerstone, often dictating the trends and sentiments across the market. Despite recent fluctuations, Bitcoin price has managed to maintain stability around the US$51,000 mark, showcasing resilience amidst a mixed performance among other cryptocurrencies. This article delves into the current state of Bitcoin, examines the broader crypto market scenario, and provides a detailed technical analysis to offer insights into crypto prices and market trends. Bitcoin’s Resilience: As of the latest update, Bitcoin is trading at approximately US$51,157, experiencing a…

Altcoins vs. Bitcoin – Navigating shift towards innovation and community engagement Crypto News: The cryptocurrency landscape is undergoing a notable transformation, as highlighted by a recent analysis conducted by prominent cryptocurrency analyst Blockchain Backer. This analysis compares the performance of Bitcoin against the top 20 altcoins, revealing intriguing insights into the shifting dynamics of the crypto market. Key indicators such as development activity, user engagement, and total value locked (TVL) have been scrutinized, shedding light on the growing interest and momentum surrounding alternative cryptocurrencies. Since October, there has been a discernible dissonance between Bitcoin and altcoins, with the latter exhibiting…

Chainalysis has revealed a shocking case of fraud involving a single company  Chainalysis, a leading blockchain analysis firm, has revealed a shocking case of fraud involving a single company operating from a compound in Myanmar. This company managed to defraud victims of over $100 million within a span of less than two years. The collaboration between Chainalysis and the US anti-slavery group International Justice Mission uncovered the intricate details of this elaborate scam, shedding light on the misuse of cryptocurrency in criminal activities. Investigation Details The analysis conducted by Chainalysis traced digital coins issued by Tether, one of the world’s…

Reddit’s crypto dive: Unpacking market effects and charting the path of digital asset adoption Crypto News: In a bold move that reverberated across the digital asset landscape, Reddit, the ubiquitous social media platform, recently disclosed its foray into the world of cryptocurrencies. The company, known for its vibrant communities and diverse user base, revealed in a filing with the U.S. Securities and Exchange Commission (SEC) that it had allocated part of its excess cash into Bitcoin and Ether, joining the ranks of pioneering entities such as MicroStrategy and Tesla in embracing digital currencies as a strategic asset. The decision to…

Kraken files a motion to dismiss in opposition to SEC lawsuit The exchange stated in a move to dismiss the case on Thursday that the U.S. Securities and Exchange Commission did not prove fraud and interpreted a contract too broadly in its complaint against Kraken. The cryptocurrency startup filed a motion to dismiss the SEC’s case in the Northern District of California, claiming that cryptocurrencies, or at least those included in the SEC’s complaint, ought to be regarded as commodities rather than securities. Months after resolving allegations with Kraken’s previous staking business, the SEC sued the firm in November of…

Coinbase, has urged the Securities and Exchange Commission (SEC) to approve Grayscale’s Spot Ether ETF The largest crypto exchange in the U.S. by trading volume, Coinbase, has urged the Securities and Exchange Commission (SEC) to approve Grayscale’s application to convert its Ethereum Trust into a spot Ether Exchange-Traded Product (ETP). The development comes after a January 25 decision by the securities regulator to postpone its consideration for Grayscale’s Ether ETF until March 10. On February 22, Coinbase’s chief legal officer demonstrated the exchange’s legal, economic, and technical rationale for why the regulator should approve Grayscale’s fund as the second deadline…

Valkyrie’s BTFX: A strategic move to investor demand for regulated crypto investment vehicles Crypto News: In the ever-evolving landscape of investment opportunities, the emergence of Bitcoin leveraged exchange-traded funds (ETFs) marks a significant development, reflecting both the growing interest in cryptocurrencies and the evolving strategies of investors seeking higher returns. One such ETF making waves is the Valkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX), introduced by Valkyrie with the aim of providing investors with double the daily performance of the CME Bitcoin Futures market index. This implies the increasing acceptance of cryptocurrency-based financial products in traditional markets, catering to the…

Zero-Knowledge EVMs: Revolutionizing blockchain technology for institutional crypto demand In the rapidly evolving landscape of blockchain technology, the quest for scalability, privacy, and security has been paramount. As decentralized applications (dApps) continue to proliferate, the need for robust infrastructure that can support institutional demands becomes increasingly apparent. Enter Zero-Knowledge EVMs (zkEVMs), a groundbreaking innovation poised to revolutionize the blockchain ecosystem. Zero-Knowledge EVM At the heart of zkEVMs lies zero-knowledge proofs, a cryptographic marvel that enables one party to verify the authenticity of information without revealing any underlying data. This powerful technique holds the key to addressing some of the most…

HTX teams up with HBGL, eyeing crypto license in Hong Kong’s competitive market On February 20, HTX applied for a cryptocurrency license for its Hong Kong local office, intending to run HBGL Hong Kong Limited there. The cryptocurrency exchange HTX, formerly known as Huobi, has added itself to the list of applicants requesting authorization to begin operating in Hong Kong.On the website of the Securities and Futures Commission (SFC), HTX states that it is seeking a license for a virtual asset trading platform (VATP) for Huobi HK, a local subsidiary run by HBGL Hong Kong Limited. Thus, after the announcement…

The enthusiasm surrounding the Starknet’s STRK token was palpable from the outset In the fast-paced and often volatile world of cryptocurrency, the recent airdrop of Starknet’s STRK token has garnered significant attention. Launched as the native token for the Ethereum layer-2 network Starknet, STRK promised exciting opportunities for users. However, what began as an eagerly anticipated event quickly transformed into a story of price fluctuations, market dynamics, and the role of airdrop hunters in the crypto ecosystem. The enthusiasm surrounding the STRK token was palpable from the outset. With its introduction, users anticipated new avenues for decentralized finance (DeFi), enhanced…