Day: March 12, 2024

New Cryptocurrency Green Bitcoin Raises $3.2m While Bitcoin Price Breaks Through $70k – CoinJournal

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[ad_1] London, United Kingdom, March 12th, 2024, Chainwire All eyes have been on the crypto market in the past few hours as Bitcoin broke through $70,000. The world’s largest crypto reached a fresh all-time high of $72,377 before pulling back slightly. Bitcoin’s rally has been charged further by enormous demand from firms like MicroStrategy, which recently raised $800 million through a convertible note offering to purchase more Bitcoin. While BTC is clearly the hot topic, a new project called Green Bitcoin (GBTC) is also generating buzz by raising over $3.2…

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Massive Transfer of Bitcoin Wealth Underway As Investor Sentiment Edges Closer to Euphoria: Analytics Firm Glassnode

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[ad_1] Top analytics firm Glassnode says that a transfer of wealth is occurring within Bitcoin (BTC) as coins move from long-term holders to new speculators attempting to trade the current bull market. In a new report, Glassnode says that as Bitcoin breaks another all-time high, speculators have arrived to open leveraged futures positions, often buying their BTC from longer-term HODLers who have been holding since the bear market. Glassnode calls it a “classic wealth transfer” from the HODLer cohort to speculators. The firm shares a chart suggesting that bull markets…

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PancakeSwap (CAKE) Launches V4 with $3M CAKE Airdrop to Enhance DeFi Ecosystem

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[ad_1] PancakeSwap V4 debuts with a substantial $3M CAKE token airdrop, introducing innovative features and significant gas cost reductions for its users. PancakeSwap, a decentralized exchange at the forefront of the DeFi sector, has announced the launch of PancakeSwap V4 along with an enticing $3 million CAKE token airdrop. This move is set to invigorate the platform’s community engagement and bolster its position within the DeFi ecosystem. The airdrop campaign is aimed at both existing users and new participants, promoting the exploration of the platform’s enhancements. The sense of urgency…

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BlackRock and MicroStrategy in Neck and Neck Race As Firms’ Bitcoin Holdings Soar to Over $29,170,000,000 in BTC – The Daily Hodl

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[ad_1] MicroStrategy continues to gobble up Bitcoin (BTC) as the top crypto asset soars to new all-time highs. The business intelligence firm recently used proceeds from convertible notes and excess cash to buy an additional 12,000 BTC for $821.7 million (at an average price of approximately $68,477 per Bitcoin), according to Michael Saylor, the company’s co-founder and executive chairman. MicroStrategy now owns 205,000 Bitcoin, which it acquired at an average price of $33,706 per BTC. That trove is now worth more than $14.8 billion, a more than 114% increase from…

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Bybit Debuts Pre-Market for Wormhole, Aevo Tokens

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[ad_1] Bybit, a powerhouse cryptocurrency exchange consistently ranking among the top three by volume, has taken the industry by storm with the launch of its pioneering Pre-Market Trading feature. This groundbreaking feature grants users the coveted privilege of acquiring new tokens before their official market debut, specifically targeting the highly anticipated Wormhole ($W) airdrop and the $AEVO token. Designed as a user-centric OTC (over-the-counter) marketplace, Pre-Market Trading empowers users to set prices and execute trades directly with each other. This unique system offers a significant advantage to early adopters, allowing…

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Ethereum Layer-2 Skyrockets After Earning Surprise Support From Crypto Exchange Binance

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[ad_1] One Ethereum (ETH) layer-2 altcoin project is soaring after a sudden listing by Binance, the world’s largest crypto trading platform by volume. As Binance announced on Monday spot trading support for ETH scaling solution Metis (METIS), the token rallied by double digits. Says Binance, “Binance will list Metis (METIS) and open trading for these spot trading pairs at 2024-03-11 12:00 (UTC). New Spot Trading Pairs: METIS/BTC, METIS/USDT, METIS/FDUSD and METIS/TRY.” METIS aims to offer lower fees and faster transaction times than the leading smart contract platform Ethereum. The MetisLab…

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