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The cryptocurrency market might be on the verge of another 2021-like rally. Bitcoin (BTC) has reclaimed the $62k level, last seen in 2021. The original crypto is only 8.9% away from reaching its all-time high of $69,044. BTC’s surge has trickled into other projects, like Avalanche (AVAX). AVAX has rallied 6% in the daily charts, 11.4% in the weekly charts, and 16.7% over the previous month. Moreover, the asset’s price has surged by over 135% since late February 2023. Source: CoinGecko Also Read: How To Bridge to Avalanche ? How high can Avalanche (AVAX) go in March 2024? Source: Binance Academy According to CoinCodex, AVAX could hit $45.22 on Mar. 5, 2024, a rise of about 8.78% from current levels. However, the platform anticipates AVAX’s price to fall to $38.90 on Mar. 13, 2024. According to CoinCodex, AVAX could reach a maximum of $45.89 in March, which it may attain on the 18th. Also Read: How to Add Avalanche to MetaMask? Source: CoinCodex ...

The Bitcoin price has exploded 10% in the last 24 hours to trade for $62,465 as of 5:40 a.m. EST time on a 98% surge in trading volume. Amid heightened interest in the BTC token, a report by on-chain market intelligence firm Glassnode indicated that the levels of BTC supply over the counter (OTC) had plummeted to depletion levels. #Bitcoin probability of reaching $61K is high given the supply constraint on the OTC desk. OTC desk supply is at its lowest level in 6 years which will push to buy $BTC at the public exchange. Institutions are here for real folks! pic.twitter.com/eV4hsZOKSW — Mikybull 🐂Crypto (@MikybullCrypto) February 28, 2024 Such a turnout could force institutions to buy Bitcoin from public exchanges, with the ensuing demand pressure likely to send the Bitcoin price further north. The depletion of BTC tokens over the counter is attributed to institutional demand, inspired by interest in spot BTC exchange-traded funds (ETF) investment products. #Bitco...

SEC contests Terraform Labs’ $166M payment to Dentons, labeling it suspicious. The regulator noted that $122 million of the fund was moved within 90 days before the bankruptcy filing.  Over half of the sum has already been expended to cover litigation costs. The U.S. Securities and Exchange Commission (SEC) has urged the Delaware bankruptcy court to reject Terraform Labs’ retention of Dentons LLC as its special counsel. This move comes as the SEC raised concerns over a substantial payment of $166 million to Dentons, labeling the transaction “suspicious.” In a recent filing, the SEC contended that Terraform Labs funneled $166 million into the Dentons Advance Payment Retainer. The regulator noted that a significant portion, $122 million, was transferred within 90 days prior to the bankruptcy filing.  According to the SEC, this maneuver appears to strip assets from the company. It believes the move potentially hinders Terraform Labs’ ability t...

Cryptocurrencies are in a bull market, led by the dominating Bitcoin (BTC), with over $1.1 trillion in capitalization. With such a strong momentum, smaller projects could experience a 10 times increase in market cap in 2024. Essentially, the market cap is calculated by multiplying the last traded price of an asset with its circulating supply. Therefore, a price or a circulating supply increase – through inflation – can cause the capitalization to surge. The combination of both is powerful, triggering massive market cap increases. However, if the circulating supply has the protagonism, the price gains may lag behind, not rewarding investors proportionally. Picked for you Brace for strong Cardano (ADA) surge; Here’s why 2 hours ago Pepe returns from the dead rockets 180% in a week 4 hours ago Bybit integrates TradingView facilitating trades with new charting capabilities 4 hours ago Ripple to unlock 1 billion XRP on March 1; What’s next? 5 hours ago ...

The Bitcoin price has soared 5% in the last 24 hours to trade for $59,339 as of 5:05 a.m. EST time. With this surge, BTC is eyeing the $60,000 milestone, a level last tested on November 18, 2021. Notably, trading volume has dropped around 8%, suggesting investors are shying away from the market. One possible reason is the enhanced risk, with some analysts saying the king of cryptocurrency is at the cusp of a correction. I've closed all my #long contracts now, my $BTC trigger profit at $56,300. I hope my followers have also managed to close their long position. Given the increased risk and higher fees associated with Long contracts, it's crucial we control our #risks carefully.#BTC #contracts pic.twitter.com/3omgotsgHM — Cily🌵咕噜小姐𐤊🍹 (@CreationFanatic) February 27, 2024 Amid elevated risk levels in the BTC market, experts say a correction could see up to $300 million positions liquidated. $300 Million Risks Liquidation If ...

DappRadar partnership with Aleph Zero has been announced. DappRadar integration has been progressing for the last couple of weeks and is nearing completion. This is the perfect time to submit all the applications in the Aleph Zero ecosystem and put them on one of the key hubs for dApp discovery. With over 50 teams building products on Aleph Zero, and many of them getting ready for their Mainnet launches, it’s about time to show them to the rest of the blockchain world through DappRadar. The integration of Aleph Zero is in the last stages and allows adding all the projects such as DeFi or games to the world’s Dapp Store. What does DappRadar offer? Integrating with platforms like DappRadar is crucial for app discovery, as numerous blockchain enthusiasts visit the site to discover the most valuable and engaging applications. DappRadar also offers in-depth analytics and insights to help shape growth strategies and gain a deeper understanding of user engagement. This implies that end users ...

Zoniqx and Ripple collaborate to revolutionize asset tokenization, integrating XRPL with Zoniqx’s services. CEO Prasanth Kalangi and SVP Markus Infanger express optimism, aiming to simplify real-world asset tokenization. Legal hurdles loom for Ripple despite partnership success, with a class action lawsuit alleging XRP sales violations. Zoniqx, formerly known as Tassets, has partnered with Ripple, a company engaged in blockchain and cryptocurrency technologies. This partnership effort seeks to use Ripple’s XRP Ledger (XRPL) capabilities to make tokenization more efficient, accessible, and liquid within the digital asset marketplace. Additionally, on February 27, 2024, David Schwartz, Ripple CTO,  is slated to offer updates on the XRPLedger’s progress in interoperability and EVM integration. Today, @zoniqxinc and Ripple are partnering to bring multi-asset tokenization onto the #XRPLedger. This partnership aims to revolutionize asset tokenization on the #...

Crypto traders are always on the hunt for the best cryptocurrencies to buy on any given day – we list some high potential coins in this post. As altcoins continue to surge, reaching new 52-week highs, the market’s bullish momentum is undeniable. With Bitcoin halving on the horizon, altcoins are experiencing significant jumps, some even doubling in value, fueling investor confidence. Best Crypto to Buy Now Altcoins, including Flare, Uniswap, and The Graph, have demonstrated strong performance and promising developments, making them attractive investment options for those seeking to capitalize on current market trends. These tokens have attracted investors due to their potential for significant returns amidst the current bullish market momentum. 1. Flare (FLR) Flare is a decentralized network that aims to expand the functionality of various blockchains by introducing Ethereum-like capabilities to platforms that don’t support them. This initiative primarily focuses ...

The trading volumes of spot BTC ETFs secured a new high of $2.4 billion on Tuesday, excluding Grayscale’s GBTC. Bitcoin broke above $56,000, making a two-year high. BlackRock’s spot BTC ETF (IBIT) recorded $1.29 billion in daily trading volume. The trading volumes for the “new nine” spot Bitcoin exchange-traded funds (ETF) reached an all-time high of $2.4 billion on February 26, eclipsing the previous record set on the first trading day, January 11. However, the soaring figures exclude volume from Grayscale’s Bitcoin ETF product (GBTC).  The spike in trading volumes coincided with Bitcoin’s meteoric rise, touching $56,660 on Monday—a two-year all-time high but still trailing the peak of $69,044 reached on November 10, 2021, according to CoinMarketCap data. As per prominent analyst, Eric Balchunas, BlackRock’s iShares Bitcoin Trust (IBIT) dominated the market, recording $1.29 billion in trading volume on February 26—...

Hackers have stolen over $400,000 from unsuspecting users after posting a phishing message on MicroStrategy’s compromised X account. The X account of the investment company, whose co-founder is Bitcoin bull Michael Saylor, was hacked on February 26. The hackers posted a fake message of an $MSTR token airdrop. there was a second best after all (hacked acc if not obvious lol) pic.twitter.com/cdLqbqiiCO — Spreek (@spreekaway) February 26, 2024 Users following the malicious link to claim the “$MSTR token” were redirected to a fake MicroStrategy website. They then received a prompt to connect their crypto wallets and grant permissions. According to blockchain sleuth ZachXBT, over $440,000 has been stolen in the campaign. 0xe7645b8672b28a17dd0d650a5bf89539c9aa28da ~$440K stolen from the compromise so far — ZachXBT (@zachxbt) February 26, 2024 MicroStrategy appears to have regained control of their X account and deleted the fake message. One User Lo...

Amid his numerous warnings of a looming economic collapse that could engulf the United States and beyond, popular investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad’ Robert Kiyosaki has recently sounded an alarm on multiple other issues. Specifically, Kiyosaki has urged his followers to be careful because, in his view, the banking crisis is worsening and the threat of war grows , and the US authorities might use the opportunity to push for a central bank digital currency (CBDC) to spy on their citizens, he said in an X post on February 25. Please be careful. Banking crisis worsens. Threat of war grows . Cental banks will push for CBDC, Cental Bank Digital Currency, to SPY on us. I am buying more Bitcoin and silver coins. Silver biggest bargain. I will use silver as money not US fake dollars — Robert Kiyosaki (@theRealKiyosaki) February 25, 2024 Buying more Bitcoin and silver At the same time, the renowned finance educator shared his strategy...

Prominent layer-1 blockchain and Ethereum (ETH) rival Avalanche (AVAX) has suffered a five-hour network outage. According to Avalanche data-tracking platform Avalanche Status, the blockchain went through an outage that prevented blocks from being accepted on its primary network. “Developers across the community are currently investigating a stall in block finalization that is preventing blocks from being accepted on the primary network. Updates will be posted here as the issue is investigated.” However, the issue has since been resolved as of Friday morning due to an update. According to Patrick O’Grady, Ava Labs’ vice president of platform engineering, upgrading to AvalancheGo v1.11.1 solved the issue, which was rooted in node validators excessively communicating. “Please upgrade your node to AvalancheGo to v1.11.1. This release disables logic added in v1.10.18 that led to validators sending an excessive amount of gossip to each other. Avalanche Validato...