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Several Visionaries of AVAX and DOT Place Large Bets on DeeStream: The New Streaming Frontier

by V. Sinclair
written by V. Sinclair
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 ETF Inflows Hit Record High: Blackrock and Fidelity Lead

by Isaac lane
written by Isaac lane

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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BitcoinCrypto

Bitcoin Price Prediction: The Green Bitcoin ICO is aiming for $6 million as the cryptocurrency approaches

by V. Sinclair
written by V. Sinclair
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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BlackRock Overtakes MicroStrategy in Bitcoin Holdings

by Isaac lane
written by Isaac lane

In a significant shift within the cryptocurrency sphere, BlackRock, the world’s foremost fund manager boasting assets exceeding $10 trillion, has eclipsed MicroStrategy in Bitcoin holdings. The latest data showcases BlackRock’s iShares Bitcoin Trust (IBIT) now housing an impressive 195,985.3 BTC, valued at approximately $13.58 billion. This milestone marks a pivotal moment, highlighting the evolving landscape of institutional participation in the cryptocurrency market.

Divergent Paths to Bitcoin Accumulation

The achievement holds particular significance due to the divergent paths taken by the two entities to amass their Bitcoin reserves. While MicroStrategy diligently accumulated BTC since mid-2020, BlackRock made a recent foray into the cryptocurrency arena, capitalizing on the approval of spot Bitcoin ETFs to swiftly amass a substantial BTC position.

blackrock

Under the leadership of CEO Michael Saylor, MicroStrategy acquired its BTC at an average price of $31,554, totaling a $6.1 billion investment. This investment has since more than doubled in value as Bitcoin continues to surge to new all-time highs.

BTC to USD by CoinMarketCap

BlackRock’s Swift Ascension

In contrast, BlackRock has been making waves with its significant daily Bitcoin purchases, totaling hundreds of millions of dollars. Amid outflows from Grayscale and its GBTC, BlackRock’s IBIT has emerged as a formidable player in the Bitcoin ETF market, swiftly reaching $10 billion under management and capturing half of the market share within just two months since its launch.

Future Trajectory and Implications

The race for supremacy in Bitcoin holdings among enterprises raises intriguing questions about the future trajectory of both BlackRock and MicroStrategy. Will Michael Saylor be able to reclaim MicroStrategy’s title as the largest Bitcoin holder, or will BlackRock continue to dominate the market? Regardless of the outcome, this competition signals a positive trajectory for the broader cryptocurrency ecosystem.

BlackRock’s surpassing of MicroStrategy in Bitcoin holdings underscores the shifting dynamics of institutional involvement in the cryptocurrency market. As these major players vie for dominance, their actions serve as indicators of the growing acceptance and integration of cryptocurrencies into traditional financial systems.

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BitcoinMarketNews

Bitcoin Miners’ Energy Consumption Hits Record High Amid Crypto Surge

by Isaac lane
written by Isaac lane

Bitcoin miners are ramping up their operations at an unprecedented rate, driven by the recent surge in cryptocurrency prices and the looming prospect of a significant update to Bitcoin’s code. This surge in activity comes after a tumultuous period for the crypto industry, with miners now investing billions of dollars in equipment and consuming energy at record levels.

Mining Expansion Amid Crypto Surge

Following a recovery from the challenges of the crypto winter, Bitcoin miners are once again in growth mode. Fueled by the recent surge in Bitcoin prices and the anticipation of the upcoming halving event, mining companies are aggressively expanding their operations. Since February 2023, top mining companies have collectively ordered over $1 billion worth of specialized computers, aiming to enhance efficiency and secure favorable electricity rates.

bitcoin miners

The rapid expansion of mining operations has led to a surge in energy consumption. Last month alone, miners drew a record 19.6 gigawatts of power, a substantial increase from the previous year. This level of energy consumption is equivalent to powering approximately 3.8 million homes in Texas, where many mining operations are based.

Impact on the Bitcoin Market

The rise in Bitcoin prices has enabled miners to remain profitable, with some mining companies experiencing exponential growth in their stock values. Shares of leading miners such as Marathon and CleanSpark have soared by almost 600% and 900%, respectively, since December 2022. Additionally, these companies have raised substantial capital through share offerings, further fueling their expansion efforts.

However, the upcoming halving event poses challenges for miners, as it will significantly reduce their revenue streams by limiting the supply of Bitcoin. This reduction in rewards could push some miners into negative margins, leading to potential consolidation within the industry.

Risks of Rapid Expansion

The rapid expansion of mining operations also comes with risks, as seen during the previous crypto bull run. Many mining companies went public and raised substantial funds, only to face bankruptcy when the market crashed in 2022. The danger of compromising on energy costs and operational efficiency looms large, highlighting the need for prudent expansion strategies.

bitcoin miners

As Bitcoin miners gear up for the halving event and navigate the challenges of rapid expansion, the crypto industry is experiencing unprecedented growth. However, with soaring energy consumption and potential risks on the horizon, the sustainability of this growth remains a key concern for stakeholders.

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Crypto Market
Bitcoin

Best Crypto To Buy Now

by Isaac lane
written by Isaac lane

As the cryptocurrency market continues to capture attention worldwide, investors are keeping a keen eye on the performance of major digital assets and looking for the best crypto to buy now. In this analysis, we delve into the latest trends surrounding Bitcoin, Ether, and Solana, offering insights into their price movements and potential future directions.

Bitcoin Price Analysis

best crypto to buy now

BTC/USDT daily chart. Source: TradingView

In a clear display of bullish strength, Bitcoin has maintained a solid uptrend, thwarting attempts by bears to halt its ascent. The recent resistance near $64,000 resulted in the formation of a pennant, but the bulls quickly reasserted their dominance by pushing the price above it on March 4. This breakout signals the commencement of the next leg of the uptrend, with potential targets set at the all-time high of $68,990 and a subsequent surge toward $76,000. Time is of the essence for bears, who must swiftly pull the price below $60,000 to have any chance of a comeback. Failure to do so could trigger stops for short-term traders, leading to a potential drop to the 20-day EMA at $56,250.

Ether Price Analysis

Best crypto to buy now

ETH/USDT daily chart. Source: TradingView

Ether experienced profit booking near $3,600 on February 29, but the lack of a substantial bearish pullback indicates strong buying interest in every minor dip. Bulls are now challenging the formidable barrier at $3,600, and a successful breach could set the stage for the next leg of the uptrend, propelling the ETH/USDT pair towards $4,000 and possibly $4,150. While the upsloping moving averages reflect bullish control, the RSI’s extended stay in the overbought zone raises the possibility of a short-term pullback. Immediate support lies at $3,300, followed by the 20-day EMA at $3,129.

Solana Price Analysis

Best crypto to buy now

SOL/USDT daily chart. Source: TradingView

Solana closed above the $126 resistance on March 1, but sustaining momentum has proven challenging, signaling a potential lack of demand at higher levels. The fate of the SOL/USDT pair hinges on its ability to stay above $126, paving the way for a resumption of the uptrend. A breach of the $138 level could see Solana surging to $143 and subsequently to $158. Conversely, a breakdown below $126 may lead to a retreat to the 20-day EMA at $116. Further weakness could expose the 50-day SMA at $104, suggesting a possible correction from the earlier breakout above $126.

As the cryptocurrency market continues to evolve, Bitcoin, Ether, and Solana showcase varying degrees of growth potential. While Bitcoin maintains its upward momentum, Ether faces short-term uncertainties amidst overbought conditions, and Solana grapples with sustaining bullish momentum. Investors should closely monitor these developments to make informed decisions in the dynamic crypto landscape.

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Bitcoin Expected to Soar to New Heights This Week, Analyst Predicts

by Isaac lane
written by Isaac lane

In a bullish forecast for Bitcoin (BTC) investors, Markus Thielen, head of research at 10x, anticipates that the cryptocurrency will hit an all-time high before the week concludes. Thielen’s insights come amidst a backdrop of significant market movements and increasing institutional adoption.

Thielen emphasized the importance of weekend price action, noting that despite attempts to liquidate leveraged long positions, the absence of sellers is a notable factor driving Bitcoin’s upward trajectory. The cryptocurrency surged to an all-time high against the euro on Monday and, at press time, was trading just above $67,000, a 6% increase over the past 24 hours.

Bitcoin Market Momentum and Institutional Adoption

Thielen pointed out several bullish indicators, including a substantial decline of 63,000 bitcoins held on exchanges over the past month. Notably, Coinbase‘s balance dropped from 400,000 to 372,000 bitcoins in just one month, indicating a trend of decreased supply available for trading.

Additionally, Thielen highlighted BlackRock‘s recent launch of a spot ETF in Brazil, underscoring the growing global interest in cryptocurrency investment products. Volumes in Korea have also surged to $8 billion per day for five consecutive days, signifying a significant uptick in trading activity compared to previous levels.

Institutional Flows and Market Dynamics

The analyst discussed the flow of funds between major investment products, noting spikes in outflows from Grayscale’s GBTC product and inflows into BlackRock’s IBIT. Thielen expects movement into the BlackRock product to resume strongly this week, as investors gain confidence amidst Bitcoin’s upward price momentum.

Thielen speculated that if Grayscale‘s outflows drop to less than $100 million, Bitcoin could experience a substantial upward movement in price, further fueling investor optimism.

With growing institutional interest, declining exchange holdings, and optimistic market sentiment, Bitcoin appears poised for a significant price surge. Investors eagerly await the unfolding price action, anticipating the cryptocurrency’s ascent to new heights in the coming days.

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BlackRock’s IBIT Bitcoin ETF Surpasses $10 Billion in AUM

by Isaac lane
written by Isaac lane

In a notable development within the cryptocurrency investment landscape, BlackRock’s IBIT spot Bitcoin ETF has crossed the $10 billion mark in total assets under management (AUM). The achievement underscores the continued dominance of BlackRock’s offering in the market, fueled by significant daily inflows and Bitcoin’s robust upward momentum.

Key Milestone Amid Market Rally

BlackRock’s IBIT Bitcoin ETF witnessed its second-largest daily inflows since its trading commencement on January 11. This milestone coincides with Bitcoin’s remarkable bullish run, marking its most substantial monthly rally since December 2020. With Bitcoin exchanging hands at $62,494 and recording a 22.67% gain over the last seven days, investor interest in cryptocurrency-backed ETFs has surged.

Impressive Performance

Per data from BitMEX Research, BlackRock’s IBIT spot Bitcoin ETF accumulated 162,697.9 Bitcoins, equivalent to over $10 billion in AUM, following a daily inflow of $603.9 million. This places BlackRock’s fund ahead of competitors such as Fidelity’s FBTC spot Bitcoin ETF and Ark Invest 21 Shares’ ARKB, which currently manage $6.4 billion and $2.1 billion in AUM, respectively.

Market Dynamics

According to Nate Geraci, President of The ETF Store, BlackRock’s achievement is noteworthy considering that only a fraction of exchange-traded funds possess over $10 billion in AUM, with the majority established over a decade ago. The emergence of nine newly launched spot Bitcoin ETFs, collectively holding over 344,000 BTC in AUM, further reflects the growing interest in cryptocurrency investment vehicles.

Inflows and Outflows

While BlackRock’s ETF experienced significant inflows, Grayscale’s converted GBTC fund encountered notable outflows, amounting to $598.9 million, the second-largest to date. Despite this, the net inflows of all U.S.-based spot Bitcoin ETFs totaled $92.4 million as of Thursday, though showing a decrease from Wednesday’s figure of $673.4 million.

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BlackRock’s Bitcoin ETF Sees $520 Million Inflow Amid Crypto Surge

by Isaac lane
written by Isaac lane

BlackRock‘s iShares Bitcoin Trust (IBIT) witnessed an astonishing inflow of $520 million in a single day on Tuesday, emerging as the second-largest daily influx among US exchange-traded funds. This surge highlights growing investor interest in cryptocurrencies, particularly as Bitcoin approaches its previous all-time high of $69,000.

Retail Traders Propel Rally Amidst ETF Surge

Analysts attribute the rally to retail traders, indicating a rising appetite for Bitcoin ETFs. With nearly a dozen spot Bitcoin ETFs introduced in January, investors now have an accessible avenue for exposure to the digital asset without direct ownership. BlackRock’s ETF, in particular, has seen inflows for 32 consecutive days, reflecting sustained investor confidence.

Anticipation Builds Around Bitcoin’s Halving Event

Further fueling the rally is anticipation for Bitcoin’s upcoming halving event, scheduled for spring. This event, reducing Bitcoin rewards for miners by half, underscores the asset’s scarcity narrative. Historical trends suggest that previous halving events have led to new all-time highs within a year, adding to the bullish sentiment surrounding Bitcoin.

As the crypto market continues to evolve, the influx of institutional and retail interest in Bitcoin ETFs signals a broader acceptance of digital assets within traditional finance.

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Winklevoss Twins to Return $1.1 Billion in Gemini Settlement

by Isaac lane
written by Isaac lane

Cameron and Tyler Winklevoss, renowned as Bitcoin billionaires, are set to give back $1.1 billion to customers of their cryptocurrency exchange, Gemini. This resolution comes as part of a settlement with the New York State Department of Financial Services (NYFDS), marking a significant development in the ongoing legal saga.

NY Lawsuit and Sloppy Fund Handling

The legal tussle began when New York filed a lawsuit against Gemini in October, accusing the platform of inadequately channeling user funds to Genesis Global Capital. The cryptocurrency lending firm, which faced a downfall in January, received funds through Gemini’s program called Gemini Earn. Promising users an 8% “low-risk” return, the program turned out to be high-risk, with Genesis having ties to the collapsed cryptocurrency exchange FTX in late 2022.

NYFDS Statement on Settlement

In a statement announcing the settlement, the NYFDS emphasized Gemini’s failure to conduct sufficient due diligence on Genesis Global Capital. This lack of diligence, coupled with the failure to maintain adequate reserves throughout the Gemini Earn program, led to significant reputational and monetary harm. Over 200,000 Earn customers, including nearly 30,000 New Yorkers, remain unable to access their virtual currency as a result.

Twins’ Journey: From Facebook Lawsuit to Cryptocurrency Evangelists

The Winklevoss twins gained public attention through their legal battle with Facebook founder Mark Zuckerberg, which resulted in a $20 million settlement in Facebook stock. This stock, valued at $200 million when Facebook went public, became the foundation of their cryptocurrency venture.

Investing a portion of their windfall into Bitcoin when it traded at $10 apiece, the twins witnessed a substantial increase in Bitcoin’s value, with the cryptocurrency now exceeding $60,000 per coin. Despite the legal setback, as of February 29, Cameron and Tyler Winklevoss ranked 2107th and 2108th, respectively, on Forbes’s list of the wealthiest individuals, each boasting a net worth of $1.4 billion.

Gemini’s Role and Cryptocurrency Advocacy

The twins launched Gemini Trust Company in 2014, with the Gemini exchange commencing operations in 2015. Evolving into cryptocurrency evangelists, they utilized their fortune to influence Wall Street institutions to embrace cryptocurrency investments. Additionally, their political influence was felt through significant campaign contributions during the 2018 U.S. gubernatorial elections, supporting candidates like New York’s Andrew Cuomo and California’s Gavin Newsom.

In a 2019 interview, the twins emphasized the importance of trustworthiness in the cryptocurrency space, promoting their marketing campaign, “The revolution needs rules.” Tyler Winklevoss stated, “There are exchanges like Gemini that are trying to do it the right way and afford consumer protection and standards and safety that you would expect and require from any financial institution.”

As the Winklevoss twins navigate this settlement, the cryptocurrency community watches closely, anticipating the potential impact on their rankings and the broader implications for Gemini’s reputation.

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