Cryptocurrency

Despite gaining recognition as the first blockchain protocol, Bitcoin has some limitations. One major one is the limited smart contract function, which has mildly negated its strong security outlook. As such, innovations have emerged to drive the coin’s capabilities, using smart contract resources from other platforms. This BitcoinOS Grail to Cardano Bridge will drive liquidity flow across both chains, giving users the best of proof-of-work (PoW) and proof-of-stake (PoS) offerings. Notably, the BitcoinOS protocol hinted that with the new linkup, users could benefit from the zero-knowledge cryptography powering the Grail Bridge.By introducing the element of privacy and security, users using the Grail Bridge have no major tradeoffs from the protocols they currently operate on.When most of the innovations Cardano is pushing for become materialized, they can fuel adoption and higher demand for ADA. This can have an enormous impact on the price of the coin in the long term, as more buy-ups from users looking to connect to BTC can drive valuation.As of writing time, the price of Cardano is pegged at $0.3427, down by 3.21% in 24 hours. The losses on record are steeper than this. However, the coin is in recovery mode and might chart a positive growth course following the BitcoinOS update.This article was originally published on U.Today More

Thus, reacting to the approaching golden cross on the hourly chart of Bitcoin, Eljaboom asked his audience whether they think it is possible for the main cryptocurrency to reach the coveted $100,000 mark. In addition, the analyst outlined the path that the price of BTC could take if such a scenario were to materialize. It is necessary to note that the golden cross is a crossing of moving averages, when a smaller moving average, such as the 50-day one, crosses a larger one, such as the 200-day for example, from below to above. However, when the opposite occurs, it is called a death cross.Prior to the formation of the death cross in August 2024, the price of BTC rose 77.5%, with the golden cross ending at $61,000 per Bitcoin.While a golden cross may indeed precede a rise in the price of Bitcoin, it by no means means that a six-figure value will be reached in a single candle. The cryptocurrency market is still subject to serious manipulation and is flooded with big players, who do not need extra passengers on their way to $100,000. This article was originally published on U.Today More

ETFs are expected to overtake Bitcoin’s anonymous creator, Satoshi Nakamoto, as the largest BTC holder at this rate. Currently Satoshi’s estimated 11.1 million Bitcoin holdings are unrivaled, but given how quickly ETFs are accumulating, this might not last for long. BlackRock is approaching the 400,000 milestone, with 396,883 BTC under management, followed by Grayscale’s GBTC and Fidelity’s FBTC. All of these exchange-traded funds (ETFs) contribute significantly to the market circulation of Bitcoin. The increase in ETF holdings demonstrates how institutional investors are beginning to accept Bitcoin as a legitimate investment asset. This trend is anticipated to continue, with many analysts predicting additional institutional inflows as Bitcoin becomes more incorporated into established financial systems and regulatory clarity improves. Despite recent market volatility the liquidation heatmap currently shows strong potential upsideб indicating that demand for Bitcoin is still strong. The price may rise as a result, particularly if ETFs keep accumulating. As a result of these massive holdings, the institutional push into Bitcoin may produce a scarcity effect, raising the price as supply is reduced.This article was originally published on U.Today More

This happened as the world’s flagship digital currency printed a 2.8% recovery after the 3.13% declined faced earlier this week.Saylor’s tweet says “You are going to want something faster. #Bitcoin”, featuring the man himself wearing a black suit with an orange (color of Bitcoin) tie, standing against an orange (again, Bitcoin color) sports car bearing a Bitcoin logo instead of a car maker’s logotype.The market ticker of MiicroStrategy stocks – MSTR – is also featured on the car, suggesting that Saylor is promoting not only Bitcoin but his own company in his tweets now.He said also disagreed that gold in 1933 was confiscated, stating that people brought it in voluntarily. As for those who advocates decentralization in the money sphere and prefers to hold Bitcoin in their own cold wallets, Saylor referred to them as “paranoid crypto anarchists” who are not regulated entities and who “do not acknowledge government and do not acknowledge taxes.”The community unleashed its criticism on Saylor with some even pointing out that just a few years ago, he tweeted the traditional Bitcoiner’s slogan “not your keys – not your coins.”On Wednesday, Saylor chose to back out of the position he got himself into as he tweeted that he supports “elf-custody for those willing & able, the right to self-custody for all, and freedom to choose the form of custody & custodian for individuals & institutions globally.”“#Bitcoin benefits from all forms of investment by all types of entities, and should welcome everyone,” he also said in his peace-seeking tweet. He also once again confirmed that he remains a dedicated Bitcoiner whatever his views on its future are. Still, while many in the community support decentralization and believe that Bitcoin should be a P2P currency, as Satoshi intended, Saylor believes that it is rather a store-of-value for Wall Street.This article was originally published on U.Today More

NEW YORK – Binance, a major player in the digital asset industry, announced the release of Tigran Gambaryan, an executive of the company who had been detained in Nigeria for nearly eight months. The news was shared by Binance’s CEO, Richard Teng, who expressed relief and gratitude over Gambaryan’s release.Gambaryan’s detention, which began earlier this year, came to an end recently, allowing him to reunite with his family and seek necessary medical care. Throughout his detention, the executive was praised for his resilience and strength under challenging circumstances. The company acknowledged the efforts of those who worked tirelessly to support his release.Binance, known for its global cryptocurrency exchange services, emphasized its commitment to working with international regulators to ensure that its operations remain compliant and transparent. This stance comes at a time when the regulatory environment for digital assets is becoming increasingly complex and scrutinized.Teng also highlighted Nigeria’s potential in the blockchain space, citing the country’s youthful and tech-savvy population, along with a growing interest in digital finance. He indicated Binance’s intention to contribute constructively to Nigeria’s use of blockchain technology to overcome economic and social challenges.The company’s announcement did not delve into the details of Gambaryan’s detention or the circumstances leading to his release. However, it underlined Binance’s eagerness to move forward and focus on the future of the blockchain industry globally.This development comes amid a broader conversation about the role of digital assets and blockchain technology in emerging markets, where they are often seen as tools for financial inclusion and economic development.The information in this article is based on a press release statement from Binance.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

Prominent analyst Michaël van de Poppe is also bullish on Bitcoin. Earlier today, he gave a bold Bitcoin price prediction, injecting more positivity into the community. The analyst acknowledged that the BTC price has faced a dip. But he believes that the price correction is over. He supported his claim by mentioning that the macroeconomic season is starting with PMI data.The S&P Global PMI is one of the most important market-moving economic indicators. It covers more than 30 developed and developing economies across the globe. Michaël van de Poppe concluded by saying that he is expecting that Bitcoin will perform an ATH test in the next two to four weeks.Meanwhile, Bitcoin is currently trading at $66,857, with a slight increase of 0.56% in the last 24 hours. The coin has slightly recovered from recent losses, where it went near the $65,000 range. It appears that a broader recovery is in the cards for BTC, especially considering the 16.34% rise in trading volume today. Overall, analysts are anticipating a new all-time high in the coming weeks.This article was originally published on U.Today More

Whether the outcome is a death cross or a golden cross is unknown; however, Bitcoin’s 50-day simple moving average (SMA) has turned upward and may cross over the 200-day SMA in the days ahead, hinting at a potential golden cross. A golden cross happens when a shorter-term moving average, usually the 50-day SMA, crosses above a longer-term moving average, usually the 200-day SMA, with the reverse indicating a death cross. At the time of writing, BTC was slightly higher 0.88% in the last 24 hours to $66,883 following Wednesday’s crypto market drop. Bitcoin recovered from yesterday’s lows of $65,149 to highs of $67,546 in today’s trading session after the Federal Reserve’s (Fed) most recent Beige Book survey showed a downbeat outlook, boosting the argument for more rate cuts in the coming months.If the golden cross is confirmed, a few scenarios might be likely. In the past, Bitcoin has seen notable price increases following the golden cross event, which often signals that the medium-term trend is strengthening.If this is the case, the Bitcoin price could surge beyond key resistance levels. Traders will be watching for BTC to decisively break $70,000, which could pave the way for further gains to $75,000 and beyond.However, the moving average crossover is often criticized for being a lagging signal that might trap traders on the wrong side of the market.If this happens, the golden cross may result in a false breakout, in which the price surges quickly but fails to maintain upward momentum, ultimately leading to a pullback. This outcome might be possible if broader market conditions remain unfavorable. In some cases, a golden cross might precede a temporary pullback before the rally begins. This could occur if traders take profits in the short term, resulting in temporary bearish pressure. However, following the initial dip, the market may regain momentum, sending prices higher.This article was originally published on U.Today More

According to SoSo Value, the IBIT Bitcoin ETF has seen inflows of more than $317 million in the past 24 hours. By comparison, the day before, inflows into this instrument totaled $42.98 million, so we can literally say that inflows increased by a little over 737% in one day. Inflows into ETFs directly from BlackRock have continued unabated for almost two weeks now. During this time, the amount of money raised by IBIT is already approaching a staggering $2 billion.It is natural that such inflows into ETFs are accompanied by purchases of cryptocurrency from the issuer for the same amount. As long as inflows into Bitcoin ETFs continue, we can expect BlackRock to continue to suck up the market. However, already one of the largest holders of cryptocurrency in general, it seems that the instrument is just an excuse, and the hedge fund’s real interest is in owning Bitcoin itself.Where BlackRock will stop in its crypto ambitions is the major question. This article was originally published on U.Today More