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2024-04-19 08:50:25 Kraken acquires online brokerage TradeStation's crypto arm amid U.S. expansion

Kraken has acquired the cryptocurrency arm of online brokerage TradeStation. The acquisition is part of the exchange's push to broaden its services in the U.S., a Kraken representative said in a statement to The Block. Kraken's stateside growth forms part of the company’s broader expansion strategy that has seen the exchange pick up licenses in several key European markets, such as Spain and Ireland, earlier this year.

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2024-04-18 19:10:00 Bitcoin to Hit $122,000 in 2024, Predicts Finder’s Latest Survey of Experts

Finder’s latest survey on bitcoin’s (BTC) price involved a unique panel of 31 crypto and fintech experts. The results suggest that BTC could reach a peak of $122,000 in 2024, and then settle at $109,000 by year’s end. Nick Ranga, the senior crypto and forex analyst at Forextraders, attributes the current uptick in BTC’s value to growing institutional engagement. Ranga is among those experts who foresee BTC reaching its zenith once more in 2024, ultimately closing the year around the $100,000 mark per unit.

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2024-04-18 09:20:15 Ethereum Is More Correlated To Stocks Than Bitcoin: IntoTheBlock

According to recently published data from IntoTheBlock, the correlation between ETH and several traditional market indexes is now far higher than those between its larger rival, Bitcoin (BTC), and the same markets. The firm’s figures show a correlation coefficient of 0.7 between ETH and the DAX – a stock index tracking 40 over the largest and most liquid German companies traded on the Frankfurt exchange. The equivalent correlation for BTC is 0.63. ETH’s correlations to both indexes are 0.77 and 0.7 respectively, versus Bitcoin’s 0.56 and 0.44 correlations.

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2024-04-17 21:04:58 Buy Bitcoin Miners Ahead of the Halving, Bernstein Says

The “miner fear factor” is at its peak ahead of the imminent halving, and investors should buy outperform-rated Riot Platforms (RIOT) and CleanSpark (CLSK) because the market will reward these companies for their superior execution and for being market leaders by self-mining hashrate, broker Bernstein said in a research report on Wednesday.

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2024-04-17 10:15:18 Bybit Report Suggests Bitcoin Exchanges to Run Dry in 9 Months

As the crypto landscape evolves, a significant tightening in bitcoin’s available supply on exchanges has emerged, hinting at just nine months of reserves left. Bybit’s latest halving report unveils the reasons behind this tightening grip, indicating a looming scarcity that could reshape market dynamics.

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2024-04-16 20:45:36 Grayscale's GBTC reaches its own halving, down 50% in bitcoin holdings since spot ETFs launch

Grayscale’s GBTC bitcoin holdings have halved in around three months since the U.S. spot bitcoin exchange-traded funds launched on Jan. 11. In contrast to the newborn nine ETFs from BlackRock, Fidelity and others, Grayscale’s pre-existing Bitcoin Trust was converted into an ETF rather than launching from a standing start — holding around 619,220 when spot bitcoin trading began.

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2024-04-16 09:35:15 UK to legislate ‘whole host’ of crypto activities starting in the summer

UK Economic Secretary to the Treasury Bim Afolami said the country is working on legislation for crypto regulations permitting several activities. Speaking at the Innovate Finance Global Summit (IFGS) 2024 on April 15, Afolami emphasized the regulatory regime’s far-reaching nature and said the change would bring a “whole host” of crypto activities within regulatory bounds.

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2024-04-15 19:02:16 Short Sellers Target Bitcoin Miners as Reward Halving Nears, $2 Billion at Stake

A recent report highlights that the collective short interest in stocks from 15 bitcoin mining companies has approached the $2 billion mark. The performance of these mining stocks has declined compared to their stronger start earlier this year, coinciding with the proximity of just 663 blocks remaining until the next reward halving.

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2024-04-15 09:50:20 Crypto Markets Lost Over $400B as Bitcoin (BTC) Slumped by $10K in 2 Days

Bitcoin’s dominance keeps increasing as the alts took another massive beating. It was just 48 hours ago when BTC’s price hovered calmly above $70,000, and it even challenged $71,000, but to no avail. Yet, the landscape changed for the worse on Friday evening after speeches from high-ranking officials representing the US central bank that said the Fed has no plans to start lowering interest rates anytime soon.

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2024-04-14 10:20:12 Uniswap Labs hikes swap fee to .25% from .15% on trades through interface

Uniswap Labs has hiked the fee it charges to users for using its interface to trade on the Uniswap protocol from .15% to .25% for most swaps. The change in policy was made on Apr. 10, blockchain data shows, mere hours after Uniswap founder Hayden Adams revealed that the SEC had sent a Wells Notice warning of an incoming lawsuit to the company.

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