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    Ethereum (ETH) Soars to $2,400, Institutional FOMO Yet to Kick In – What’s Next?

    However, what is intriguing is that institutional fear of missing out (FOMO) has yet to kick in, as noted by prominent market observers. Greeks.live, a cryptocurrency analytics platform, (formerly Twitter) to share insights on Ethereum’s recent performance. According to their tweet, the surge in ETH has not only propelled it to breach the $2,400 barrier but has also resulted in all major term IVs soaring to yearly highs.Additionally, the daily volume (DVOL) spiked to 70%, reaching a level not seen since April. Analyzing options data, the tweet pointed out that the skew, a measure of the perceived distribution of potential price outcomes, has not followed the rally. This suggests that institutional traders are yet to fully embrace the FOMO associated with ETH’s .As of the latest available data, Ethereum is currently priced at $2,380, reflecting a notable 6.49% increase in the last 24 hours. Over the past 30 days, ETH has experienced an of 18.88%. The trading volume of Ethereum has also witnessed a substantial uptick, rising by 84.35% in the last 24 hours and currently standing at $17.9 billion.Despite the impressive gains, the subdued response from institutional traders has left the market speculating about the potential catalysts that could trigger their entry into the FOMO-driven rally. Whether this is a brief pause before a larger institutional influx or a sign of cautious optimism remains to be seen. The cryptocurrency market, known for its unpredictability, continues to be a source of both excitement and speculation as the year draws to a close.This article was originally published on U.Today More

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    Cathie Wood’s ETF shakes up Bitcoin holdings, exits GBTC stake, buys into BITO

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    ‘Saylor Wants More Bitcoin Than Satoshi’: XRP Lawyer Reacts to MicroStrategy’s BTC Purchase

    The focal point of this significant acquisition is Saylor’s ambitious goal, as outlined by renowned Bitcoin evangelist Max Keiser. According to Keiser, who also serves as an advisor to the president of El Salvador, the company’s use of a collateral seesaw strategy between stock and debt issuance, coupled with strategic purchases, positions the company to potentially own 5% of all Bitcoin in existence. This would equate to a monumental 1.05 million BTC., a prominent lawyer, crypto enthusiast, and legal representative of XRP holders, weighed in on Saylor’s ambitious pursuit. Deaton expressed that MicroStrategy’s commitment to amassing more Bitcoin than Satoshi is evident. As an owner of both MicroStrategy stocks and BTC, the lawyer highlighted the confidence he has in Saylor’s strategy, noting that, as a shareholder, he has no complaints despite differing opinions on the “reckless” approach.Notably, MicroStrategy’s average purchase price stands at $31,168, leading to a remarkable profit of over $2.25 billion at today’s prices.This article was originally published on U.Today More

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    Bitcoin, Solana, MATIC See Abnormal Surge in Hourly Exchange Activity

    Shortly after, another enigmatic wallet orchestrated a mammoth transfer of 4,469 BTC, totaling $191.88 million, directed toward Coinbase (NASDAQ:COIN).Simultaneously, an unknown sender propelled 99,235 SOL, equivalent to $11.17 million, followed by a transfer of 7.72 million , valued at $8.3 million, both transpiring on the Binance exchange. Crypto enthusiasts speculate that such sizable altcoin transfers are indicative of major holders positioning to liquidate assets, opting for the market’s most fluid platforms.Amid these crypto maneuvers, , led by the influential Michael Saylor, made waves with its announcement of acquiring 14,620 BTC in December, amounting to a staggering $615.7 million. Saylor’s acquisitions historically signal potential market peaks, often sparking sell-offs and consequent declines in cryptocurrency prices.BTC to USD by This development collides with prevailing market sentiment, especially considering the prevailing superstitions surrounding Saylor’s purchases. Despite concerns, Bitcoin persists in trading on the positive side relative to today’s opening price. As the day unfolds, all eyes are on the market to discern the impact of these colossal transfers and MicroStrategy’s acquisitions. Will superstition prevail, or will market dynamics defy expectations? The crypto community eagerly awaits the answer, anticipating potential shifts in the price behavior of , Solana and MATIC.This article was originally published on U.Today More

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    MicroAlgo Developed QSDLT to Provide a More Secure Foundation for Bitcoin and Other Cryptocurrency Systems

    In traditional blockchain systems, security relies heavily on cryptographic algorithms based on public key cyphers. However, the emergence of quantum computers threatens this system. Quantum computers can solve problems in a relatively short period of time that current conventional computers cannot handle, including some widely used cryptographic algorithms.Specifically, the emergence of quantum computers could crack current systems based on RSA and elliptic curve encryption algorithms. This means that private keys and transaction data could be easily accessed by quantum computers, jeopardizing the security of the entire blockchain system. To counter this threat, the research and development of QSDLT have become particularly urgent.To protect the Bitcoin system from the threat of quantum computers, MicroAlgo Inc.’s QSDLT was created as an innovative solution. The goal of QSDLT is to build a strong shield for the Bitcoin system by integrating quantum security, which is not just a simple upgrade to the traditional blockchain system, but a revolutionary change to the entire cryptocurrency ecosystem.MicroAlgo Inc.’s QSDLT employs a series of advanced cryptographic algorithms, particularly those that combat quantum algorithms, to ensure that Bitcoin transactions and user identities are fully protected. Its core is to provide a security framework that is resistant to quantum computing threats, incorporating quantum security into DLT to provide stronger protection for Bitcoin and other cryptocurrencies. Its design principles include countering attacks from quantum algorithms, achieving invariance, reducing transaction costs, enabling decentralization and increasing transparency. The introduction of this technology marks the next stage in the evolution of the Bitcoin system.Anti-quantum algorithm defence mechanism: One of the core aspects of MicroAlgo Inc.’s QSDLT is its robust anti-quantum algorithm defence mechanism. Cryptographic algorithms used in traditional blockchain systems, such as RSA and elliptic curve encryption algorithms, may be threatened by quantum computer attacks in the future. To address this challenge, QSDLT employs well-thought-out cryptographic algorithms that are more resilient to quantum computer attacks. This ensures that QSDLT will be able to keep Bitcoin transactions secure and tamper-proof in the face of the rise of quantum computers.Invariance and transparency: QSDLT focuses on maintaining the invariance of the blockchain, meaning that once a transaction is confirmed and added to the blockchain, it cannot be tampered with. This is one of the fundamental characteristics of the blockchain and is critical to ensuring the trustworthiness of the Bitcoin system. Meanwhile, MicroAlgo Inc.’s QSDLT promotes transparency through the decentralized nature of the blockchain. Every participant is able to view and verify the history of transactions, thus enhancing overall traceability and openness.Post-quantum distributed ledger technology (PQDLT): MicroAlgo Inc.’s QSDLT technology focuses not only on anti-quantum algorithm defense, but also places itself in a broader technological context to form PQDLT. this denotes the convergence of QSDLT with innovations in the fields of machine learning, deep learning, 6G, and the quantum internet, laying the groundwork for the future of the digital economy. The concept of PQDLT aims to achieve comprehensive security for the Bitcoin system and to facilitate the development of a digital financial system.Reduced costs: QSDLT effectively reduces the cost of Bitcoin transactions by employing carefully optimized algorithms and technologies. This feature not only makes the Bitcoin network more accessible, but also provides a lower barrier to participation in Bitcoin transactions for a broader group of users. Lowering the cost will help facilitate mass adoption of Bitcoin and drive broader adoption in the digital currency space.Highly scalable: MicroAlgo Inc.’s QSDLT is highly scalable with future growth needs in mind in its basic concept. This allows QSDLT to adapt to the increasing size of the Bitcoin network’s user base and to be flexible enough to meet the growing demands of digital finance. High scalability is one of the key factors that make QSDLT a trusted infrastructure.MicroAlgo Inc.’s QSDLT is more than a simple upgrade to the traditional blockchain. It is an update to combat the threat of quantum computing. Its key features, including anti-quantum algorithmic defence mechanisms, invariance and transparency, cost reduction, PQDLT, and high scalability, combine to create a robust and flexible security framework.MicroAlgo Inc.’s QSDLT provides the Bitcoin system with a robust defence against quantum algorithms with its strong anti-quantum algorithmic capabilities, making transactions secure and tamper-proof. At the same time, QSDLT maintains the basic principles of the blockchain, enhancing overall trustworthiness through invariance and transparency. Reduced transaction costs make the Bitcoin network more attractive, further driving mass adoption of the digital currency. As the threat of quantum computing emerges, the emergence of MicroAlgo Inc.’s QSDLT marks the dawn of a new era of Bitcoin security. The basic concepts and key features of QSDLT present a blueprint for the future of digital finance, an innovation that will open up more possibilities for the digital economy, ensure that Bitcoin and other cryptocurrency systems remain secure and trustworthy in the quantum era, and lead the way for a vibrant future of digital finance. the future of digital finance. More

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    Bitcoin (BTC) Inches Closer to Historic Golden Cross, Analysts Reveal Next Moves

    Barchart, a reputable source for financial market data and analysis, recently took to X (formerly Twitter) to announce the imminent occurrence of a weekly golden cross for Bitcoin. The golden cross is a that occurs when an asset’s short-term moving average crosses above its long-term moving average, indicating a potential bullish trend.The ascending triangle is another technical analysis pattern that suggests a potential upward breakout. Adding to the chorus of optimism, Crypto Rover, a renowned crypto analyst, optimism by stating that Bitcoin was bouncing back and cautioned against falling for the bear trap. This tweet reflects a common sentiment among traders who anticipate a reversal of the recent trend.As of the latest update, the current price of Bitcoin stands at $43,089, representing a 1.21% increase in the last 24 hours and a substantial 16.10% gain over the last 30 days. The positive momentum observed in the short term and the approaching golden cross have fueled speculation about the potential for in the coming weeks.Investors and market participants are closely watching Bitcoin’s movements, particularly in the context of the broader cryptocurrency market. The significance of Bitcoin’s golden cross, if realized, could have a cascading effect on overall market sentiment, influencing trading strategies and investment decisions.This article was originally published on U.Today More

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    ‘Ethereum Killer’ Solana (SOL) Records Whopping 300% Growth Against ETH

    The crypto market has witnessed a paradigm shift as SOL’s value soared by an astonishing 440%, hitting a pinnacle of $118.3 — a milestone not seen since April 2022.During the same period, the SOL/ETH price graph exhibited an unparalleled ascent, reaching 0.051 ETH per Solana token. This surge has not been observed since December 2021, and the trend shows no sign of abating.Notably, as Solana experienced this meteoric rise, Ethereum remained relatively stagnant, prompting speculations that the era of Ethereum dominance may be waning.Source: Even as Ethereum exhibited modest growth in response to the market dynamics, Solana’s remarkable rally has left it 20% away from its all-time high relative to Ethereum’s price.The lingering question now is whether can fulfill its moniker as the “Ethereum killer” and establish a new all-time high. ETH, on the other hand, faces the challenge of recovering from the recent weeks’ lag.With Solana’s newfound prominence, market observers are contemplating whether the cryptocurrency landscape is witnessing a default shift toward the innovative blockchain platform.This article was originally published on U.Today More