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CATEGORY: hits


Apr 06, 2025 05:55

Bitcoin Sentiment Hits 2023 Low, but Potential Risk On Environment Could Trigger Price Rally

Bitcoin sentiment has reached a low not seen since 2023, according to recent data. Despite this downturn, there is potential for a new “risk-on” environment to emerge, potentially sparking a rally in Bitcoin prices. The sentiment surrounding Bitcoin has taken a hit, dropping to levels last recorded in 2023. This decrease in sentiment could be [...]

The post Bitcoin Sentiment Hits 2023 Low, but Potential ‘Risk On’ Environment Could Trigger Price Rally appeared first on Crypto Breaking News.

Apr 11, 2025 05:50

Beware of Classic Bull Trap: Crypto Trading Firm Issues Warning as Bitcoin Hits $82.7K

A prominent cryptocurrency trading company has issued a cautionary statement about a potential classic bull trap scenario in the Bitcoin market. Bitcoin has recently tagged $82.7k, prompting concerns among traders. The company emphasized the need for investors to exercise caution and not fall for potential traps that could lead to significant losses. The cryptocurrency market [...]

The post Beware of Classic Bull Trap: Crypto Trading Firm Issues Warning as Bitcoin Hits $82.7K appeared first on Crypto Breaking News.

Mar 30, 2023 11:10

Axie Infinity and ApeCoin to record modest price increase while Metacade hits new all-time high

The GameFi ecosystem has become one of the most important in the cryptocurrency space. Alongside DeFi and the Metaverse, GameFi projects have grown in popularity.  Axie Infinity and ApeCoin are some of the most popular tokens in the GameFi space. With thousands of gamers, these projects are leaders in the GameFi ecosystem, and each has …

<p>The post Axie Infinity and ApeCoin to record modest price increase while Metacade hits new all-time high first appeared on CCNC | Cryptocurrency Newscast.</p>

Mar 04, 2025 05:55

Altcoin XRP Hits All-Time High Distribution Levels as Price Drops Below $3

The distribution of XRP has reached new heights as the altcoin continues to trade below $3. According to recent data, there has been a significant surge in the dispersal of XRP tokens. This has led to a record level of distribution across various wallets and exchanges. Despite XRP’s price remaining below $3, the increased distribution [...]

The post Altcoin XRP Hits All-Time High Distribution Levels as Price Drops Below $3 appeared first on Crypto Breaking News.

Mar 15, 2025 05:55

Bitcoin Demand Hits Record Low in 2025 Latest Analysis by CryptoQuant

The demand for Bitcoin has hit its lowest point since 2025, raising concerns among investors and enthusiasts. This downward trend has sparked discussions within the cryptocurrency community about factors contributing to this decline and what the future holds for Bitcoin. Despite its volatile nature, Bitcoin has long been considered a safe haven asset by many. [...]

The post Bitcoin Demand Hits Record Low in 2025 Latest Analysis by CryptoQuant appeared first on Crypto Breaking News.

Feb 21, 2023 11:10

What is Uniswap price prediction stable while Metacade hits new heights? | Definition & Examples | Invezz

The turmoil experienced across crypto markets in 2022 appears to have begun to settle, with price volatility subsiding and token prices across the board starting to stabilize. Established coins, such as UNI, the native token for decentralized exchange Uniswap, are seeing a period of price stability as crypto markets settle down, which is something that ...

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<p>The post What is Uniswap price prediction stable while Metacade hits new heights? | Definition & Examples | Invezz first appeared on CCNC.</p>

Feb 15, 2023 11:10

Bitcoin retests $22.8k as hashrate hits 300 EH/s | Invezz

Bitcoin (BTC/USD) rose on Wednesday as the crypto market strengthened following the week’s turmoil amid negative regulatory news and uncertainty across stock markets after Tuesday’s US inflation data. According to CoinGecko data, Bitcoin climbed to highs of $22,800 across major exchanges, with the coin at 4% higher at around 8:00 am ET. Are you looking ...

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<p>The post Bitcoin retests $22.8k as hashrate hits 300 EH/s | Invezz first appeared on CCNC.</p>

Dec 27, 2022 03:00

Bitcoin poised near $17K as miner outflow hits 11-month low | Invezz

Bitcoin (BTC/USD) continues to struggle around $17,000 since it traded sharply lower at the start of November amid the FTX implosion. The benchmark cryptocurrency is currently positioned near $16,826 on major crypto exchange Coinbase, having ticked down from intraday highs of $16,967. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz ... Read more

<p>The post Bitcoin poised near $17K as miner outflow hits 11-month low | Invezz first appeared on CCNC.</p>

Fireblocks hits SaaS unicorn milestone with $100 million annual recurring revenues

Author: noreply@blogger.com (Unknown)
United States
Sep 12, 2022 11:10

Fireblocks hits SaaS unicorn milestone with $100 million annual recurring revenues

In one major blockchain news this Monday, we report on Fireblocks, a fast-growing company whose technological platform offers tools and other innovative products for managing, storing and transferring cryptocurrencies.

Basically, the company has announced that its annual recurring revenue (ARR) for 2022 had once again surpassed the $100 million mark.

According to the company, this is a milestone that puts it among a small group of software-as-a-service (SaaS) startups to become a “Centaur.” In fintech company parlance, companies that fall into this category are unicorns – with $1 billion or more in valuation.

Fireblocks is a ‘SaaS unicorn’

Fireblocks is a multi-billion startup focused on helping blockchain and crypto platforms and its milestone comes just after four years of operations.  

As noted in the press release, the startup has joined companies such as Slack and Twilio in “a rare subset of SaaS unicorns” to reach the mark in under five years.

Fireblocks’ growth comes amid crypto’s continued dalliance with a bear market that impacted several projects in the industry. But while crypto prices of major coins have dithered below previous bull cycle lows and are bouncing near crucial support, the consolidation has been tempered with significant broader industry growth.

Michael Shaulov, the co-founder and CEO of Fireblocks noted this in a statement, adding:

“We saw an unprecedented volume of new market entrants, including fintechs, Web3 startups, banks, and PSPs. Because of Fireblocks’ MPC custody and treasury management technology, which has become one of the most fundamental pieces of infrastructure for the digital asset ecosystem, we have seen first-hand the innovation happening among fintechs, Web3 start-ups, banks, and PSPs who are diligently bringing new digital asset products to market.”

The company targets further growth in the sector, providing secure and scalable products to meet market demand and boost the decentralised economy.

Other than its increased use in the digital assets space, Fireblocks’ software technology is being deployed by some of the world’s leading institutions and startups to protect customers.

Recently, the company has struck deals with players such as BNP Paribas (covered here), Wirex, Six Digital Exchange, and Checkout.com among others who use its tools to secure investor funds and to streamline daily operations.

This article on Invezz in July highlighted Fireblocks’ collaborative effort with Polygon, while in August this year, we reported it had added NFT and DeFi support for Solana.

Indeed, over 1,500 financial institutions have used Fireblocks’ suite of products to securely transfer more than $3 trillion worth of digital assets.

The post Fireblocks hits SaaS unicorn milestone with $100 million annual recurring revenues appeared first on Invezz.



from Cryptocurrency – Invezz

Ethereum Classic gains as hashrate hits record high days to the Merge

Author: noreply@blogger.com (Unknown)
United States
Sep 05, 2022 11:15

Ethereum Classic gains as hashrate hits record high days to the Merge

Ethereum Classic (ETC/USD) remains bullish following its recent uptrend, currently trading 8.3% up on the daily log at highs near $34.70. 

A look at the CoinGecko price data shows the ETC price has seen a decent return over the past week, with over 11% in gains. The ETC/BTC pair is also up by more than 7% in the past 24 hours to suggest the altcoin is building up some momentum as the broader market looks for some volatility after a quiet Monday so far.

ETC price ahead of Ethereum Merge

This upside, which comes after last week’s downside across risk asset markets that had pushed Bitcoin (BTC/USD) below $20,000 and Ethereum (ETH/USD) to lows of $1,483, continues the altcoin’s gains in recent weeks as Ethereum matches towards the highly anticipated Merge.

The upgrade is expected next week and Ethereum Classic is seeing an influx of miners to the network as Ethereum prepares to switch from proof-of-work to proof-of-stake. The miners appear to see ETC as a good bet for deploying their mining rigs, with the increased computational power pushing the Ethereum Classic hashrate to a record high.

Data shows the altcoin’s hashrate hit 47.3 terahashes per second (TH/s), the highest for the blockchain. The metric hovered around 31 TH/s in July to mid-August before jumping to 43 TH/s and the new all-time high.

As Ethereum Classic’s hash rate reaches new highs, it is worth noting that in the past, ETC price has rallied around the Merge news.

According to crypto market intelligence and research provider Messari, the last three instances were around the Berlin upgrade, the Ethereum EIP 1559 upgrade and the Merge date announcement in July. 

Ethereum Classic price has rallied on Merge news according to the above chart by Messari

With bullish projections for ETH, a rally into the Merge could also be seen in ETC – with a breakout above $40.00 likely to bring into play a retest of August 2021 highs above $70.00.

The post Ethereum Classic gains as hashrate hits record high days to the Merge appeared first on Invezz.



from Cryptocurrency – Invezz

Crypto.com hits new milestone with SOC 2 Type II compliance

Author: noreply@blogger.com (Unknown)
United States
Aug 25, 2022 11:10

Crypto.com hits new milestone with SOC 2 Type II compliance

Crypto.com, a cryptocurrency exchange with over 50 million users and accessible across 90 countries, has added to its growing reputation as one of the world’s leading crypto platforms with the successful completion of an independent compliance audit.

The audit reaffirms Crypto.com’s commitment to security and highest standards of data security.

Crypto.com scores another compliance milestone

On 23 August, the Singapore-based firm announced it had completed the Service Organization Control (SOC) 2 Type II Compliance audit, carried out by Big Four auditor Deloitte. 

Being SOC 2 Type II certified confirms Crypto.com as not just a company that’s committed to adhering to highest information security practices, but also one that already complies with the policies, procedures, and operations set out in the AICPA Trust Services Criteria in Security, Confidentiality, Processing Integrity, and Privacy. 

According to Crypto.com, the audit is a key milestone and an example of the company’s dedication to regulatory procedures, a step in the right direction.

Kris Marszalek, CEO of Crypto.com commented:

“I am extremely proud of our commitment to compliance, and this latest achievement is a testament to our security, privacy, and regulatory compliance capabilities which have been cornerstones of our business since day one.”

Crypto.com has recently scored several regulatory and registration milestones across the globe, including in South Korea, Cyprus, the Cayman Islands and from the UK’s Financial Conduct Authority (FCA). The company thus sees further time investment in pursuing the regulatory goal as one that will help it build the most trusted platform.

Jason Lau, Crypto.com’s Chief Information Security Officer noted:

“With the ever-evolving threat landscape, we will continue to ensure we maintain the highest level of security and data privacy so our customers can feel confident and trust our products. SOC 2 is an internationally respected security assessment criteria, and in line with highly regulated industries like the financial sector.”

The post Crypto.com hits new milestone with SOC 2 Type II compliance appeared first on Invezz.



from Cryptocurrency – Invezz

Bitcoin miners close up shop as mining difficulty hits 5–month low

Author: noreply@blogger.com (Unknown)
United States
Aug 11, 2022 11:20

Bitcoin miners close up shop as mining difficulty hits 5–month low

Bitcoin’s hash rate is the amount of computing power being contributed to the network by miners. By solving complex mathematical puzzles, advanced computers around the world help maintain the digital currency’s network. It is this process that allows Bitcoin to be self-sufficient and run without a centralised party overseeing it

The higher the hash rate, the greater the security of the network and resistance to attack. It is therefore a key metric, and can be used as a gauge to assess the health of Bitcoin. 

Mining hash rate falls to 5-month low

Mining hash rate has fallen since the May/June crash that has decimated the market. After climbing steadily from the last major crash in May 2021, the meltdown that followed the contagion arising from the Terra collapse in May has reversed the trend abruptly, with hash rate dropping in line with the price of Bitcoin.  

Zooming in on the 2022 timeframe, we see the fall-off in hash rate since May below. 

As a result, Bitcoin mining difficulty has fallen to the level last seen in March, meaning a 4-month low. 

Rising cost of electricity is squeezing miners

With the geopolitical climate driving headlines as a result of the surge in gas prices, electricity has also been on the up. Focusing just on Europe, the European Power Benchmark averaged 201 €/MWh in the first quarter of 2022 – that is a rise of 281% compared to the same quarter in 2021.

Certain countries were even worse. Spain and Portugal jumped 411%, while prices in France rose 336% and Italian prices were the highest across the EU at €249 per MWh, a 318% rise from a year earlier. 

It is this combination of rising operational costs and falling price in Bitcoin that is hurting miners, causing many to close up shop and dropping the hash rate and mining difficulty of the network. 

Sources

https://app.intotheblock.com/coin/BTC/deep-dive?group=mining&chart=hashRate

https://ec.europa.eu/info/sites/default/files/energy_climate_change_environment/quarterly_report_on_european_electricity_markets_q1_2022.pdf

https://ec.europa.eu/info/news/high-volatility-and-geopolitical-tensions-impact-electricity-and-gas-market-developments-q1-2022-2022-jul-08_en

The post Bitcoin miners close up shop as mining difficulty hits 5–month low appeared first on Invezz.



from Cryptocurrency – Invezz

Feb 26, 2022 01:45

Leadership Changes at Zilliqa and Plans for 2022 | by Ben Livshits | Feb, 2022

Dear Zilliqans, On behalf of the entire Zilliqa team, I am saddened to inform you that Amrit Kumar will be stepping down from roles as President and Chief Scientific Officer at Zilliqa in coming months. With deep gratitude for all that Amrit has built and everyone he has mentored and inspired, let us all thank […]

Feb 14, 2022 09:55

BTC Liquidity Tightens as Bitcoin Held by Exchanges Hits 6-Month Low – Bitcoin News

While the price of bitcoin is 38% lower than its $69K price high three months ago, the amount of bitcoin on exchanges is at its lowest figure since April 2021. At the end of July last year, there was 2.59 million bitcoin held by crypto trading platforms, and today there’s only 2.36 million held by […]

Dec 03, 2021 10:01

Nano Digest — XNO, Nano Hub, Nanovember, New Partners and Integrations, Events, Interviews and Videos | by Kate Lifshits | Dec, 2021

It has been a very busy month in the nano ecosystem with the arrival of nano’s new currency symbol ? and ticker, XNO among a plethora of other new additions to the ecosystem from the community in addition to a new Nano Foundation team member! In this digest we also share our refreshed site, the […]

Mar 20, 2023 11:10

Bitcoin price hits $28K as non-zero balance wallets reach 44.7 million

Bitcoin price reached an 11-month high on Sunday, 19 March as buying pressure pushed the cryptocurrency’s value past $28,500. According to on-chain data shared by crypto exchange Bitfinex, the surge to above $28k came with BTC piercing a 273-day range wall. But more importantly, the rally follows an uptick in spot buying. Bitcoin’s non-zero balance …

<p>The post Bitcoin price hits $28K as non-zero balance wallets reach 44.7 million first appeared on CCNC | Cryptocurrency Newscast.</p>

Mar 01, 2025 05:50

Solana price surges by 16% as SOL RSI hits record low in 2023: Is this the turning point?

Solana continues to surge, gaining 16% in value after the Sol RSI drops to a low not seen since 2023. This significant rise comes amidst a volatile cryptocurrency market, with Solana demonstrating strength and resilience. Investors are closely monitoring these developments, considering the potential for further growth and future opportunities. The Solana network, known for [...]

The post Solana price surges by 16% as SOL RSI hits record low in 2023: Is this the turning point? appeared first on Crypto Breaking News.

Feb 26, 2025 05:55

XRP Price Chart Predicting 30% Drop to $1.50 as Open Interest Hits 8-Week Lows

The XRP price chart is showing signs of a potential 30% drop, with open interest around $1.50. This suggests that there may be a significant decrease in XRP’s value in the near future. Traders should be cautious and closely monitor the market to make informed decisions about their investments. Technical analysis of the XRP price [...]

The post XRP Price Chart Predicting 30% Drop to $1.50 as Open Interest Hits 8-Week Lows appeared first on Crypto Breaking News.

Feb 27, 2025 05:55

Is XRP Losing Favor? Altcoin Traders Interest Hits 2025 Low

The XRP open interest has plummeted to a new low in 2025, raising concerns about whether altcoin traders are losing faith in the digital asset. This significant drop in interest indicates a potential shift in market sentiment towards XRP. Altcoin traders who have been closely monitoring the developments in the XRP market are now questioning [...]

The post Is XRP Losing Favor? Altcoin Traders’ Interest Hits 2025 Low appeared first on Crypto Breaking News.

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