More stories

  • in

    Goldman Sachs eyeing Bitcoin ETF Role via Blackrock and Grayscale – CoinDesk

    #ze-button {
    position: fixed;
    bottom: 13px;
    right: 20px;
    z-index: 999998;
    cursor: pointer;
    background-color: #f9ad4e;
    color: #664317;
    padding: 13px;
    width: 46px;
    height: 46px;
    border: none;
    border-radius: 23px;
    font-size: 15px;
    font-weight: 700;
    line-height: 1.15;
    white-space: nowrap;
    fill: currentColor;
    font-family:
    system-ui,
    -apple-system,
    BlinkMacSystemFont,
    ‘Segoe UI’,
    Roboto,
    Oxygen-Sans,
    Ubuntu,
    Cantarell,
    ‘Helvetica Neue’,
    Arial,
    sans-serif;
    }

    #ze-button::before {
    content: ‘ ‘;
    background:
    url(‘data:image/svg+xml;base64,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’)
    no-repeat center center;
    width: 20px;
    height: 20px;
    display: inline-block;
    vertical-align: middle;
    }

    #ze-button::after {
    content: ‘Help’;
    display: none;
    vertical-align: middle;
    margin-left: 8px;
    }

    #ze-button[disabled] {
    opacity: 0.5;
    pointer-events: none;
    }

    @media screen and (min-width: 600px) {
    #ze-button {
    padding: 13px 22px;
    width: auto;
    }

    #ze-button::after { display: inline; }
    } More

  • in

    XRP Falls to Multiyear Lows Against Bitcoin, Why All Hope Is Not Lost

    XRP/BTC is currently trading at 0.00001339, a level last seen in May 2022 and early 2021, shortly after the Ripple lawsuit was filed.However, despite the bleak outlook, XRP still has some hope of recovering and catching up with BTC, as there are some positive developments and catalysts that could boost its price and adoption in the future.Given that XRP may be reaching the bottom of this pairing after declining for an extended period, XRP traders should pay attention, given historical precedents.This is because XRP gained substantially on occasions when it bounced in its pairing against Bitcoin. On these occasions, when XRP has found its bottom against BTC, an explosive price tends to follow. XRP still has some hope of turning the tide if it outperforms Bitcoin if positive triggering news or events surface.However, this remains indefinite, with the possibility of further falls if the current trend persists. If Bitcoin continues to climb strongly in response to the anticipation of an ETF approval while XRP slips behind, the underperformance trend may persist.XRP was trading down 11% in the last 24 hours at $0.5624 at the time of writing, following Bitcoin’s sharp price drop.The crypto market fell as a result of ‘s negative projection for the Bitcoin ETF; XRP was among the hardest hit among the top 10, giving up the gains it has made in 2024 thus far.This article was originally published on U.Today More

  • in

    Ethereum’s Vitalik Buterin Shuffles USDC Funds, Likely Reason

    According to , the Vitalik Buterin-labeled address made a move of 3,300 USDC in the early hours of today.The reason for the transfer is not far-fetched: the Ethereum cofounder was merely reshuffling funds as the said 3,300 USDC were moved to a new address.The is dipping alongside the rest of the crypto market, down 5.71% in the last 24 hours to $2,246. The crypto market witnessed a slump after speculations arose about MatrixPort’s bearish prediction for Bitcoin spot ETF approval.Amid the current slump seen on the ETH price, crypto analyst believes that Ethereum is still showing momentum but has a big gap to traverse to be at the same level as Bitcoin. Ethereum might see a bit of consolidation before continuing toward $3,000–$3,500 during Q1, 2024.At the end of 2023, Ethereum published the Ethereum roadmap going forward, conceding that there are only small differences from the previous year.Buterin stated in a series of posts on X (previously Twitter) that Ethereum’s sustained focus in 2024 will be on six essential components. Buterin expounded on these six parts — Merge, Surge, Scourge, Verge, Purge and Splurge — in a thorough chart with commentaries and graphics.Buterin already indicated his intention to revive the original vision of the “cypherpunk” revolution for the Ethereum blockchain, as previously reported.This article was originally published on U.Today More

  • in

    CleanSpark Issues December 2023 Bitcoin Mining Update

    “This was a transformative year for CleanSpark,” said Zach Bradford, CEO. “We set new records in bitcoin mining, surpassing all our previous achievements with over 7,300 bitcoins mined this year, a 60% increase over 2022. This remarkable feat was coupled with our highest daily production rates ever. What’s more, our bitcoin treasury has also seen remarkable growth, expanding from 228 bitcoins at the end of last year to over 3,000 bitcoins today.”I am also immensely proud to share that all the building structures for our Sandersville expansion are now complete, paving the way for energizing the facility next month. My heartfelt thanks go to our teams, the trades, and the community for their dedication to meeting timelines and fulfilling our promises to shareholders. The new year offers tremendous potential, and we are enthusiastic about the opportunities that await us.”December Bitcoin Mining Update (unaudited)The Company sold 293 BTC in December 2023 at an average of approximately $42,700 per BTC. Sales of BTC equated to proceeds of approximately $12.5 million. December daily BTC mined averaged 23.2 and reached a high of 29.8.Operational updateSandersville. Construction has been completed on all ten building structures for the 150MW expansion. All Antminer XPs have been received and are in the Company’s custody in Georgia. In anticipation of the expansion, the company has also begun testing firmware upgrades on the newest Antminer S21s. All machines necessary for the 150MW expansion have been delivered and are expected to be installed over the coming weeks as the Company prepares for energization in February. For updates on our progress in Sandersville, check out the Company’s official YouTube account here. More

  • in

    Bitcoin (BTC) Price Goes Green Amid Cold Call From CNBC’s Jim Cramer

    While Cramer’s question may not carry immediate consequences, enthusiasts, well acquainted with his bearish views on the digital asset, could not help but dissect the potential implications.Cramer’s skepticism has, in the past, given rise to the “Inverse Cramer” phenomenon, where investors often opt to take the opposite stance to his predictions. This contrarian strategy gained significant traction, leading to the creation of an Inverse Cramer ETF in October 2022 by investment firm TUTTLE.BTC to USD by Over the past calendar year, BTC’s capitalization has surged by an astonishing 277%, surpassing the half-trillion-dollar mark.As the crypto market watches Cramer’s skepticism play out, the question lingers: will the continue its upward trajectory in 2024, defying the doubts raised by one of its most vocal critics?This article was originally published on U.Today More

  • in

    Cardano Falls 17% In Bearish Trade

    The move downwards pushed Cardano’s market cap down to $21.1343B, or 1.25% of the total cryptocurrency market cap. At its highest, Cardano’s market cap was $94.8001B.Cardano had traded in a range of $0.5013 to $0.6185 in the previous twenty-four hours.Over the past seven days, Cardano has seen a drop in value, as it lost 2.32%. The volume of Cardano traded in the twenty-four hours to time of writing was $558.4998M or 0.76% of the total volume of all cryptocurrencies. It has traded in a range of $0.5013 to $0.6760 in the past 7 days.At its current price, Cardano is still down 83.26% from its all-time high of $3.10 set on September 2, 2021.Bitcoin was last at $41,629.2 on the Investing.com Index, down 6.59% on the day.Ethereum was trading at $2,163.69 on the Investing.com Index, a loss of 7.56%.Bitcoin’s market cap was last at $857.4156B or 50.80% of the total cryptocurrency market cap, while Ethereum’s market cap totaled $277.6119B or 16.45% of the total cryptocurrency market value. More

  • in

    EOS Falls 16% In Selloff

    The move downwards pushed EOS’s market cap down to $939.6339M, or 0.06% of the total cryptocurrency market cap. At its highest, EOS’s market cap was $17.5290B.EOS had traded in a range of $0.7220 to $0.8761 in the previous twenty-four hours.Over the past seven days, EOS has seen a drop in value, as it lost 3.95%. The volume of EOS traded in the twenty-four hours to time of writing was $126.3616M or 0.17% of the total volume of all cryptocurrencies. It has traded in a range of $0.7220 to $0.9137 in the past 7 days.At its current price, EOS is still down 96.77% from its all-time high of $22.98 set on April 29, 2018.Bitcoin was last at $41,554.2 on the Investing.com Index, down 6.59% on the day.Ethereum was trading at $2,156.42 on the Investing.com Index, a loss of 7.56%.Bitcoin’s market cap was last at $857.4156B or 50.80% of the total cryptocurrency market cap, while Ethereum’s market cap totaled $277.6119B or 16.45% of the total cryptocurrency market value. More