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Bitcoin It topped $96,000 on Wednesday, recovering slightly from this week's pullback from record levels.The price of the flagship cryptocurrency was last up 5% at $95,886.00, according to Coin Metrics. ether It soared more than 8% to $3,591.33. The broader crypto market, as measured by the CoinDesk 20 index, rose 5%.Although Bitcoin is widely seen as a store of value and a digital alternative to gold, cryptocurrencies are often traded in parallel with stock markets. But on Wednesday, the index was delinked from the tech-heavy Nasdaq Composite Index, which fell 1%. The Dow Jones Industrial Average and S&P 500 also…

A prominent figure in the cryptocurrency space has made a bold prediction that Bitcoin could reach a market capitalization of $15 trillion over the next four years.Dan Morehead, CEO of Pantera Capital, said global blockchain adoption remains slow compared to other global financial assets, adding that blockchain's untapped potential remains He said that it has the potential to spur significant growth in Bitcoin's market capitalization.Bitcoin and $740,000 goalPantera executives believe the price of Bitcoin could soar to $740,000 per coin, and the CEO says it will happen over the next four years.Morehead said the price hike will be driven by…

GOAT Network, the Bitcoin Layer 2 scaling project, announced Wednesday that users will soon be able to stake Dogecoin (DOGE) to support the security of its network, offering crypto rewards in return.Users will be able to earn rewards in the form of Bitcoin, which will be used to pay transaction fees on the GOAT Network, and tokens that the GOAT Network plans to use, said the project's core contributor and Metis co-founder. said Kevin Liu. decryption In an interview.”We need to stake some tokens to secure the network,” Liu said. “Bitcoin is a natural choice, but our model supports multiple…

In a statement on November 27, stablecoin issuer Tether announced plans to end support for the European-pegged stablecoin EURt.The company stated that the last issuance request was processed in 2022 and it has stopped minting new EURt tokens. It continued that current holders of the asset can redeem their tokens until November 27, 2025.This decision marks the end of EURt's challenging journey in a market dominated by competitors such as Circle's MiCA-compliant EURC.According to crypto slate EURt has struggled to gain traction in Europe, with a market capitalization of just $38 million, according to the data. This figure is lower…

Support local news with ATL credit: Created by Gabor Kovacs from DailyCoinWeeks after the US presidential election, the crypto market is still buzzing with anticipation, especially after word broke that the Trump Media & Technology Group was looking to acquire crypto company Bakkt.Almost immediately, both companies skyrocketed, with DJT up more than 16% and Bakkt stock up 162% on the Nasdaq.According to many analysts, Trump's victory in December comes as his positive stance on cryptocurrencies promises to attract more investors and create new opportunities in the market. They say it has the potential to trigger a strong bull market.Let the…

Regulators are cracking down on Monero, which emphasizes privacy.This cipher is popular among both privacy advocates and villains.Monero supporters say adoption is the best way to reverse this trend.This year's Bitcoin financialization boom signals growing acceptance of the cryptocurrency among multitrillion-dollar financial institutions and lawmakers.But at the same time, some have taken a more hostile stance toward another asset, the $2.8 billion privacy-focused cryptocurrency Monero.”Regulators need a boogeyman, and Monero is that boogeyman,” said Riccardo Spagni, Monero's former chief administrator. DL News. Bitcoin's widespread acceptance has led regulators to criticize other crypto assets, Spani said.In Europe, regulators are considering banning…

journalist Post date: November 27, 2024 ENS has a very bullish outlook for the coming weeks. On-chain indicators showed an increase in market activity and demand. Ethereum name service [ENS] It reversed a long-term bearish trend and broke the resistance around $20-$22 that has been challenging the bulls since early August. Networking activities also told inspiring stories. That being said, the potential for prices to fall exists. However, the Ethereum Name Service Token is still expected to trend higher. Significant unlocking is expected in the coming months that could disrupt the relationship between supply and demand. ENS indicator suggests positive…

Investing.com — Bitcoin fell for a third straight session on Wednesday as traders continued to book profits on recent gains, but hopes for further cues on U.S. policy also added to caution. The world's largest cryptocurrency has been on a prolonged slide since late last week as investors booked profits on a rally to record highs. Traders were also somewhat disappointed as the cryptocurrency failed to clear the coveted $100,000 level. Risk appetite further declined after President-elect Donald Trump threatened to impose additional tariffs on several countries, raising concerns about a renewed trade war. By 01:16 ET (06:16 GMT), the…

Bitwise, one of the publicly traded companies that launched the Bitcoin Spot ETF in January, proposed a mixed-cryptocurrency-based ETF to regulators. According to a Nov. 26 S-1 filing, Bitwise Asset Management Pro.A spot ETF based on Bitcoin and Ethereum has been filed with the Securities and Exchange Commission (SEC). The proposal comes after the company's Bitcoin ETF options product was approved for trading and released last week. As a multi-billion dollar Bitcoin ETF issuer, the company aims to provide customers with balanced exposure and easy access between the two largest cryptocurrencies by market capitalization. Today, NYSE Arca filed for listing…

Cardano’s launch of the first ZK transaction on mainnet using Halo2 is a major step forward for privacy and scalability in the blockchain ecosystem. Halo2's low transaction fees and scalability make it a strong competitor to Ethereum and position Cardano for further growth in decentralized finance. Cardano, a layer 1 proof-of-stake blockchain, leverages Halo2 technology to launch the first zero-knowledge (ZK) transaction on mainnet. Core developer Sebastian Guillemot confirmed the milestone by sharing the transaction hash for verification. In line with the recent CNF update that discusses whether zero-knowledge technology is the final piece of the puzzle for blockchain privacy…