Author: bitcrypto.io
Ethereum has blasted past the $3,000 mark as of February 20, marking a significant milestone not seen since April 2022. This achievement highlights a strong uptick in the cryptocurrency’s valuation, with ETH’s price escalating from $2,881 just a day earlier. The surge also amounts to an impressive 4% increase within a mere 24 hours and an astounding 74% rise over the preceding year, peaking at $3,000.99. Market Anticipation Fuels Ethereum’s Ascent The recent price rally is largely attributed to heightened market anticipation surrounding two pivotal developments: the potential approval of a spot Ethereum exchange-traded fund (ETF) by the United States…
Tokens built on the Solana blockchain are getting a bit more programmable, with their developers now able to implement rules around who can hold them and what they can do with them. The Solana Foundation, a key group in managing the Solana blockchain said Wednesday that its “token extensions” upgrade to Solana’s SPL token standard is now live after well over a year in development; it used to be called Token-2022. No matter the name, this service means to enhance compliance controls for businesses building tokens on Solana, according to the Solana Foundation. Token extensions will allow these businesses to…
Artificial intelligence (AI) holds immense promise in revolutionizing various aspects of technology, and Ethereum co-founder Vitalik Buterin recently highlighted its potential in addressing one of Ethereum’s major challenges: code bugs. Buterin expressed his enthusiasm for AI-assisted formal verification of code and bug finding, recognizing the critical role it could play in mitigating technical risks within the Ethereum ecosystem. Ethereum co-founder details the need for AI Code bugs pose a significant threat to Ethereum’s stability and security, making the need for robust verification processes imperative. Buterin’s endorsement of AI-driven solutions underscores the growing recognition within the blockchain community of AI’s capacity to enhance…
Ethereum price to reach the $3K mark any time soon. Ethereum was bullish throughout February with a 20% hike within the last seven days. Ethereum price has hiked by 20% in the last week and is constant on that. It might cross the $3k mark anytime soon with the ongoing bullish path. The crypto market is in the greed zone with a score of 75, and popular cryptocurrencies are bullish, including Ethereum. Ethereum is closer to $3k, and analysts predict the $3500 mark with the peaking trading volume in the last 30 days. Will the Ethereum price cross $3K? You…
Wealth management firm Bernstein suggested Ethereum (ETH) may be the only digital asset after Bitcoin (BTC) to secure a spot ETF. In a Feb 19 research paper, Bernstein discussed Ethereum’s prospects in the coming months in terms of staking rewards, possible institutional inflows, and an ETF approval. According to the report, the leading altcoin might become the only other cryptocurrency to have a spot ETF after Bitcoin. This comes after several firms have made moves toward securing approval for a spot Ethereum ETF. Analysts at the firm suggest that there is a 50% chance for an ETH ETF approval by May…
A massive transaction alerted crypto analysts to an Ethereum whale rapidly accumulating large amounts of Ethereum (ETH) Monday. Over the course of 32 hours, a single entity purchased and moved 54,721 ETH, a transaction totaling an estimated $161 million. This activity suggests preparation for a potential surge in Ethereum’s market activity. Blockchain tracking firm Lookonchain reported the initial sighting of the Ethereum whale movements. According to their analysis, funds originated from major cryptocurrency exchange Binance and several decentralized exchanges (DEXes). Is Justin Sun the Ethereum Whale? Lookonchain has proposed a connection between the Ethereum whale activity and Justin Sun, who founded Tron and…
A closely followed crypto trader believes that Ethereum (ETH) and altcoins are about to steal Bitcoin’s (BTC) thunder. In a new video update, crypto strategist Michaël van de Poppe tells his 162,000 YouTube subscribers that he thinks it is almost time for Ethereum to shine. The analyst mentions Ethereum’s Dencun update, which aims to reduce the fees for layer-2 transactions, and the hype surrounding the possible approval of spot ETH exchange-traded funds (ETFs) as positive catalysts for the leading smart contract platform. “I think the momentum is going to switch toward Ether. Macroeconomic events [that are] going to take place…
Japan’s Ministry of Economy, Trade and Industry (METI) aims to promote the creation of new businesses and industries via increased domestic investments from limited partnership firms. Japan aims to increase strategic domestic investments into Web3 startups by allowing limited partnership (LP) firms to acquire and hold crypto assets. The Ministry of Economy, Trade and Industry (METI) in Japan approved a bill to promote the creation of new businesses and industries via increased domestic investments by amending four key acts, including the Act on Investment Limited Partnership Agreements. A rough translation of the revision reads as follows: “We will take measures…
TLDR Following the rise in sentiment post-JUP airdrop by Jupiter Exchange, investors have been on the lookout for promising gems. Not just any cryptocurrency. But those with the potential to outperform Injective (INJ) in 2024. At the top of this list are Bonk (BONK), FLOKI (FLOKI), and NuggetRush (NUGX). To keep the Lambo dream alive and make it a reality, these are the best cryptos to buy now. >> Buy NuggetRush Now << NuggetRush (NUGX): Positioning for Massive Gains NuggetRush (NUGX) is another reason to be optimistic in the meme space. Its explosive upside potential has stirred up excitement, with many asking, “When…
Revolut to List Bonk, Distribute $1.2M of Meme Coin in ‘Learn’ Campaign European banking fintech Revolut plans to list Solana’s biggest meme coin Bonk and run a $1.2 million campaign to incentivize its users to learn about the cryptocurrency, according to a person familiar with the matter. The “learn” campaign plan still requires approval from BONK’s governing council, which oversees the project’s $100 million+ treasury of BONK tokens. At press time the approval vote had almost reached quorum with six of the council’s 12 members voting in favor and none against. Participants expect it to pass. Revolut declined to comment. The listing…
