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Bitcoin Payments App

The long-awaited European debut of Strike, a popular Bitcoin and Lightning Network payments app, has been announced, marking a significant milestone in the region’s cryptocurrency landscape. The platform’s arrival enables eligible individuals and businesses across Europe to seamlessly buy, sell, send, withdraw Bitcoin, and make local currency payments.

Addressing European Demand: “Wen Europe?”

European Bitcoin enthusiasts have eagerly awaited Strike’s arrival, prompting inquiries about its launch timeline. In response to the community’s anticipation, Jack Mallers, founder and CEO of Strike, emphatically declared, “Now!” The European launch follows extensive preparations and user sightings on app stores in select countries before the official announcement.

Key Features for European Users

Strike’s custodial iOS and Android app offers a range of features tailored to European users’ needs. Individuals can purchase Bitcoin directly with free unlimited SEPA euro deposits from their bank accounts, with instant availability where supported. Additionally, users can schedule recurring purchases, enhancing accessibility and convenience.

Seamless Bitcoin Transactions

Customers have the flexibility to sell Bitcoin and withdraw funds to their bank accounts or self-custodial wallets. They can also make payments over the Bitcoin or Lightning Network without limitations, facilitating efficient peer-to-peer transactions and promoting wider adoption of cryptocurrency.

Utilizing Lightning Network for Fast and Cost-Effective Payments

Strike leverages the Lightning Network to facilitate fast and cost-effective micropayments. All Strike customers are assigned a Lightning Address, simplifying the process of receiving payments. Users can receive payments in Bitcoin or euros, with automatic conversion for the latter, enhancing usability and versatility.

Global Peer-to-Peer Transfers and Remittances

European users can leverage Strike’s global peer-to-peer transfers via Lightning, enabling instant transfers to friends’ Strike accounts worldwide. The app supports various currencies, including euros, U.S. dollars, and USDT, offering flexibility and convenience in cross-border transactions. Moreover, Strike’s “Send Globally” feature facilitates fast and low-cost local currency remittances to supported regions, including Africa, Brazil, the Philippines, Mexico, and Vietnam, using Bitcoin’s Lightning Network as a global payment rail.

Strike’s Expansion and Vision

Strike’s expansion into Europe marks another milestone in its rapid global growth. With availability in over 70 countries, Strike is poised to capitalize on Bitcoin’s potential to reshape the global financial landscape. Mallers emphasizes Bitcoin’s transformative impact on financial inclusion and its ability to address pressing global challenges, positioning Strike as a leading platform for Bitcoin adoption in Europe and beyond.

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binance

Binance, the world’s leading cryptocurrency exchange, has announced the launch of its highly anticipated spot copy-trading strategy tool. This groundbreaking feature is set to redefine the trading experience for millions of spot traders, offering enhanced transparency and efficiency.

With the introduction of spot copy trading, Binance continues to lead the industry with innovative solutions designed to empower traders. This latest upgrade builds upon Binance’s existing suite of automated spot strategy trading tools, including Spot Grid Trading, Dollar-Cost Averaging (DCA), and Rebalancing Bot.

Spot Copy Trading: Empowering Traders

Spot copy trading on Binance enables experienced users to register as lead traders based on their portfolio size. These lead traders can then share their trading strategies, allowing other users to replicate their trades. This feature enhances accessibility and allows traders to benefit from the expertise of seasoned professionals.

The introduction of spot copy trading underscores Binance’s commitment to providing users with cutting-edge tools to navigate the crypto market efficiently. Automated trading tools offer users greater control over their trading strategies, processing vast amounts of market data and executing orders within milliseconds.

Lead Trading Tournament: A Chance for Traders to Shine

To celebrate the launch of spot copy trading, Binance is hosting a Lead Trading Tournament from April 24 to May 8, 2024. This tournament provides lead traders with an opportunity to showcase their skills and build up their portfolios. Participants can earn a 10% profit share and trading commission rebate from copy traders who replicate their trades.

Binance App Integration and Gradual Rollout

While spot copy trading will initially be available to experienced users on the Binance platform, the exchange plans to introduce availability on the Binance app gradually. This phased approach ensures a smooth transition for users and allows for optimal integration of the new feature.

Rohit Wad’s Vision for User Experience

Rohit Wad, Chief Technology Officer at Binance, emphasizes the importance of user feedback in driving product innovation. He expresses excitement about the potential impact of spot copy trading on the trading experience of Binance users worldwide, highlighting the tool’s ability to automate trading and explore new strategies.

As Binance continues to push the boundaries of innovation in the crypto space, the introduction of spot copy trading marks a significant milestone. This feature not only enhances accessibility for traders but also fosters a collaborative environment where users can learn from each other’s strategies. With Binance leading the way, the future of crypto trading looks brighter than ever.

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bitcoin

Bitcoin, the leading cryptocurrency, faced a setback as it slipped below the $69,000 mark on Tuesday, marking a decline from its recent rally. The correction in prices led to significant liquidations, with leveraged traders losing approximately $175 million across various digital assets.

The downturn in Bitcoin’s price was mirrored across the broader crypto market, with the CoinDesk 20 Index (CD20) witnessing a 3.2% drop. Ether (ETH), the second-largest cryptocurrency, also experienced a dip, falling below $3,500, while major altcoins such as Solana (SOL) and dogecoin (DOGE) registered losses ranging from 6% to 7%.

According to data from CoinGlass, nearly $200 million worth of leveraged derivatives trading positions were liquidated as of 15:45 UTC, with the majority of losses incurred by long positions anticipating price increases. This significant liquidation event underscored the vulnerability of leveraged traders to sudden market movements.

Despite the optimism following Monday’s rally, analysts remained cautious. Joel Kruger, a market strategist at LMAX Group, pointed out that Bitcoin’s failure to surpass its March record highs suggested a period of consolidation and potential corrective price action before attempting to reach new highs. Kruger emphasized Bitcoin’s resilience amidst market fluctuations but hinted at the possibility of further downward movement before a renewed push toward record levels.

The correction in Bitcoin’s price highlights the inherent volatility of the cryptocurrency market, where sudden shifts can lead to substantial gains or losses for investors and traders alike. As the market continues to navigate through this corrective period, analysts and traders are closely monitoring price movements for signals of future trends.

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As Bitcoin approaches its fourth block reward halving, a surge of market anticipation is evident due to the predictions of crypto analysts and experts. These halving events historically trigger a substantial increase in Bitcoin’s value by slashing the production of new bitcoins per block by half, effectively reducing supply if the demand remains steady or grows. The upcoming halving is stirring discussions about its potential impact on Bitcoin’s price trajectory in the following months.

Historical Rallies Post-Halving Events

The first halving in 2012 witnessed Bitcoin’s value leap from $12 to a staggering $1,166, marking a 9,500% increase within a year following the halving. The second event, in 2016, displayed a brief initial dip but was followed by a gradual climb to $20,000 over 500 days—an all-time high for that period. The third halving in 2020 also saw a significant upsurge, with Bitcoin’s price soaring 700% to hit $69,000 by November 2021, despite a turbulent start due to the COVID-19 market crash.

Current Expectations Differ From the Past

The upcoming fourth halving carries with it a distinct backdrop, considering Bitcoin’s recent price peak at $73,750. The renowned crypto analyst Mags suggests that although the context is different, a sharp price increase post-halving is still anticipated. Investors are keenly watching Bitcoin’s movements, expecting the cryptocurrency to make headlines with its price dynamics leading up to and following the halving.

Points to Consider

  • The fourth Bitcoin halving could potentially lead to a significant price increase, as seen in past events.
  • Investors should watch for Bitcoin’s price behavior around and after the halving to make informed decisions.
  • The recent peak price of Bitcoin sets a unique stage for the upcoming halving, possibly influencing the market differently.

With the previous halvings serving as a guide, the crypto community is on the edge of their seats, expecting another historic leap in Bitcoin’s value. Observers and participants in the crypto market are advised to monitor the situation closely, as the halving could bring about rapid and significant changes in the cryptocurrency landscape.

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In a significant legal victory for Coinbase, the U.S. Court of Appeals for the Second Circuit has ruled in favor of the leading cryptocurrency exchange, affirming that secondary sales of cryptocurrencies on its platform do not violate the Securities Exchange Act.

The ruling has far-reaching implications for a nationwide group of individuals who traded tokens on Coinbase from Oct. 8, 2019, to March 11, 2022. At the heart of the dispute was whether Coinbase’s traded cryptocurrencies qualified as securities under federal and state laws.

Plaintiffs’ Claims and Coinbase’s Defense

Plaintiffs alleged that Coinbase‘s actions constituted offering and selling unregistered securities, in violation of securities laws. However, Coinbase argued that secondary crypto-asset sales did not meet securities transaction criteria, disputing the relevance of securities regulations.

The court’s decision heavily relied on interpreting Coinbase’s user agreements, which underwent evolution over time. Varying language across versions complicated title and privity issues crucial to the case, emphasizing the need for clarity on the applicable user agreement version.

Verdict and Its Ramifications

While the court acknowledged Coinbase’s potential liability under Section 12(a)(1) of the Securities Act, it rejected plaintiffs’ claims under the Securities Exchange Act due to insufficient proof of transaction-specific contracts. The ruling has substantial consequences for overseeing cryptocurrencies and digital assets.

The plaintiffs perceive the ruling as progress in holding crypto platforms accountable under securities laws, advocating for investor protection. Conversely, Coinbase maintains that the decision reinforces its stance that secondary crypto sales do not constitute securities transactions.

Call for Regulatory Clarity

Coinbase emphasizes the importance of regulatory clarity to foster innovation within the crypto industry. Coinbase’s Chief Legal Officer, Paul Grewal, expressed gratitude for the verdict, highlighting the reaffirmation that there is no private liability for secondary trading of digital assets on exchanges like Coinbase under federal securities law.

Coinbase’s triumph in the lawsuit marks a pivotal moment in the regulation of crypto exchanges and the interpretation of securities laws in the digital asset space. The court’s decision underscores the evolving landscape of cryptocurrency regulation and the need for clarity in navigating legal complexities.

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bitcoin

Bitcoin (BTC) and ether (ETH) kicked off the trading week with minimal fluctuations, reflecting a subdued atmosphere in the cryptocurrency market amidst the long Easter weekend. Investors await the highly anticipated BTC halving event, keeping a close watch on price movements.

Bitcoin at $70K and Ether Near $3600

At the time of reporting, Bitcoin maintained stability at $70,000, while ether hovered around $3600, as per CoinDesk Indices data. The CoinDesk 20 (CD20), which tracks the largest digital assets, saw a modest 1.9% increase, trading at 2,750.

Expected Volatility Surrounding Bitcoin Halving

Jun-Young Heo, a derivatives trader at Presto Labs in Singapore, highlighted the relatively calm movement of BTC and ETH compared to previous weeks. However, he emphasized that the implied volatility of front-month options remains elevated above 75% in anticipation of the upcoming Bitcoin halving event around April 20.

Heo also pointed out inflated funding rates, with large-cap perpetual futures in major exchanges recording rates of 6bps to 8bps. Global open interest for BTC and ETH perpetual futures reached a substantial $35 billion, indicating potential for increased market activity.

Potential Return to Volatility

Expectations linger for a potential return to a more volatile market regime, as noted by Heo. The looming Bitcoin halving event and prevailing funding rates suggest that the market may experience heightened fluctuations shortly.

QCP Capital reported positive inflows into BTC ETFs leading up to the long weekend, contributing to Bitcoin’s rally. Data from Coinglass revealed significant inflows of $243.5 million on March 27, followed by an additional $182 million on March 28.

As Bitcoin maintains stability and anticipation mounts for the halving event, investors brace themselves for potential market shifts. With experts predicting increased volatility and continued inflows into Bitcoin ETFs, the cryptocurrency market remains poised for significant developments in the coming weeks.

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bitcoin

Bitcoin futures open interest has skyrocketed to over $38 billion today, coinciding with a 10% increase in BTC price over the past week. This surge underscores the rising investor interest and speculative activity surrounding Bitcoin’s future price movements.

Binance, the world’s leading cryptocurrency exchange, has reported its highest Bitcoin open interest to date, reaching a staggering $8.4 billion. This milestone reflects the growing prominence of Bitcoin derivatives trading on the platform.

$15.1 Billion Worth of Bitcoin and Ethereum Options Set to Expire

The record-setting open interest in Bitcoin futures comes amidst the impending expiry of $15.1 billion worth of Bitcoin and Ethereum options. Such significant options expirations often lead to increased market volatility as traders adjust their positions.

Potential for Notable Market Activity

Traders and investors are closely monitoring the market’s reaction to these developments, anticipating potential price fluctuations as a result of the large value of expiring contracts. The convergence of substantial futures open interest and significant options expiry suggests heightened trading enthusiasm and speculation.

Implications for Retail and Institutional Investors

The significant open interest in futures contracts indicates that many market participants are making bets on Bitcoin’s future price direction. As the options expire and contracts settle, short-term price movements may occur, presenting both opportunities and risks for retail and institutional investors engaged in the cryptocurrency market.

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The excitement of investing in presale projects lies not only in their potential for high returns but also in the prospect of contributing to innovations that could redefine the digital landscape. Visionaries from the Avalanche (AVAX) and Polkadot (DOT) communities are betting big on DeeStream, recognizing it as the new frontier in streaming. Their significant investments signal a strong belief in DeeStream’s (DST) ability to merge the worlds of entertainment and blockchain into a seamless, user-centric platform.

Avalanche (AVAX) Seeks to Scale New Peaks

Avalanche is rapidly becoming a preferred platform for developers aiming to deploy highly scalable and interoperable blockchain applications. With its emphasis on speed, low transaction costs, and eco-friendly consensus mechanism, Avalanche faces the challenge of attracting and retaining a diverse developer ecosystem keen on pushing the boundaries of what blockchain can achieve.

Polkadot (DOT) Bridges the Innovation Gap

Polkadot aims to enable a fully interoperable and scalable multi-chain ecosystem, addressing one of blockchain’s most significant challenges: siloed networks. DOT crypto’s unique value proposition lies in facilitating seamless communication and transfer of data across diverse blockchains, a vision that requires continuous innovation and adoption. The Polkadot community’s engagement with DeeStream’s presale reflects a recognition of this project’s alignment with Polkadot’s mission to create a more interconnected and functional blockchain landscape.

DeeStream (DST) Marks the Dawn of Decentralized Streaming

The decentralized governance model that DeeStream embraced empowers its community and plays a significant role in shaping the platform’s evolution. This inclusive approach to decision-making not only creates a sense of ownership among users but also ensures that This platform remains agile and responsive to the needs of its diverse user base.

In a digital era marked by the rapid evolution of blockchain technology, DeeStream (DST) captures the imagination of thousands within the AVAX and DOT communities. By promising to deliver a decentralized streaming platform that challenges existing paradigms and sets a new standard for digital entertainment, DeeStream has become a beacon for investors looking to support the next wave of innovation. As it prepares to enter the streaming market, it does so with the backing of visionaries betting big on its success, showcasing the widespread anticipation for a project that represents streaming’s new frontier.

DeeStream presents a compelling opportunity through its ongoing second-stage presale, priced at an attractive $0.055. Experts predict potential gains of 3,250% by September 2024, making it an appealing option for those seeking long-term returns within a growing market.

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Bitcoin Runes

In a remarkable streak spanning nearly two months, Blackrock’s iShares Bitcoin ETF (IBIT) has attracted substantial investment, accumulating 239,252 bitcoins. This figure surpasses MicroStrategy’s holdings, solidifying IBIT’s position as a major player in the cryptocurrency investment landscape.

Institutional Adoption on the Rise

The rapid acquisition of Bitcoin by IBIT reflects a significant shift in institutional investment dynamics. Not only has it dented MicroStrategy’s dominance, but it also underscores institutional investors’ growing acceptance and interest in the Bitcoin market. This trend signals a broader acceptance of Bitcoin and other digital assets as viable investment opportunities.

Closing the Gap Between Traditional and Digital Traders

Bitcoin ETFs, like those offered by Blackrock and Fidelity, have played a pivotal role in bridging the divide between traditional traders and digital assets. These institutional-grade investment solutions have witnessed notable expansion and uptake, with IBIT emerging as a leading spot product for Bitcoin. Its consistent accumulation of significant sums of cryptocurrency daily reflects the increasing demand among institutional investors for regulated avenues to access the crypto space.

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The Bitcoin price rose 3.49% in the last 24 hours to trade at $68,266 as of 11:57 p.m. EST on trading volume that dropped 8% to $44 billion.

This comes as crypto analyst Rekt Capital said that Bitcoin could just be days away from entering the pre-halving “danger zone.” In an X post, the top analyst says that BTC will enter the “danger zone” in two days, where historical data suggests Bitcoin begins to fall.

The analysis mainly comes from past pre-halving events, where BTC dips 14 to 28 days before the halving event. BTC fell 40% during the 2016 halving and fell 20% in the 2020 event. Could this year’s halving event be different?

Bitcoin Price Set For A Rebound Over The Ascending Triangle

The Bitcoin price has been gaining massively since February, with the bullish stance able to push the price up in March to register a new all-time high at $73,737, which acted as the immediate resistance level.

After hitting the rejection, the BTC price retraced back to the support zone at $64,510, which the bulls seem to be using to rebound the price.

BTC is trading over the 200-day Simple Moving Averages (SMAs), which is a confirmation of the bullish trend. If the bulls sustain the bullish momentum, BTC will be able to overcome the 50-day SMA hurdle at the $70,018 level, pushing the price even higher.

Additionally, the RSI is below the 50-midline level at 48, which indicates that the price is slightly oversold.

The Moving Average Convergence Divergence (MACD) is also bullish, as the moving average line (blue) crosses above the signal line (orange), representing a bullish crossover. A bullish crossover is mostly used by investors to add to their buys, which could push the price even further.

Additionally, the Average Directional Index (ADX) is currently at 38, which may indicate that the current trend is very strong as the price aims to rebound.

Bitcoin Price Prediction

The Bitcoin price analysis shows signs of a bullish reversal to the upside, supported by the movements of the ADX and MACD lines. The bulls aim to sustain the bullish rally, driving the price over the ascending triangle as they aim for $81,110.

The RSI, having crossed below the 50-midline level to the oversold level, may show signs of a bullish trend reversal.

However, the MACD lines are trading below the neutral line, which may suggest that the price may be heading towards a further retrace, which could see the bulls use the $60,627 support zone as a cushion against downward pressure.

As the Bitcoin bulls aim to reclaim BTC’s ATH, many investors are piling into Green Bitcoin, an eco-friendly alternative to Bitcoin that could soar on the incoming Bitcoin halving event.

Green Bitcoin Presale Heats Up, Hurtles Towards $6 Million In Early Funding

Green Bitcoin (GBTC) is an eco-friendly alternative to Bitcoin, using the Gamified Green Staking model, where users get an opportunity to predict the price of Bitcoin and earn rewards. The project combines the legacy of Bitcoin with the more environmentally friendly Ethereum blockchain.

Such a unique approach has brought in a huge following, with over $5.8 million raised in early funding.

Buy And Stake $GBTC To Earn Passive Income, 97%

Green BTC provides holders with an opportunity to earn passively through the platform’s staking option. Investors can earn a 97% annual percentage yield by simply holding their tokens. So far, over 5.9 million $GBTC tokens have already been staked.

Matthew Perry, a crypto YouTuber with over 225K followers, believes that Green Bitcoin will keep on turning heads. He says $GTBC has the potential to explode on launch.

To participate in the presale, you can invest now for $1.0302 per $GBTC token. But there is a price hike in about four days so act now to secure the best price.

You can purchase $GBTC tokens on the official Green Bitcoin website, where you can exchange ETH or USDT for $GBTC, or buy them directly with your bank card.
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