GildCoin - Crypto News

2024-04-13 17:53:01 Crypto Market Takes a Hit: $872M Liquidated as Bitcoin Dips

The crypto market's value has dropped to $2.42 trillion, with a 7.4% decrease in the past day. Global crypto trades have surged by 35.83%, hitting $114.57 billion.

Bitcoin (BTC) started strong above $70,000 but faced resistance, causing a sharp fall at 2:00 p.m., hitting a low of $65,230 per BTC.

BTC is now struggling to reclaim the $67,000 mark after an 8.8% drop against the USD in the last month. Such downturns impact the entire crypto economy.

The volatility led to 275,000 traders getting liquidated, suffering losses nearing $1 billion. Long positions lost $782.41 million, while shorts lost $91.46 million.

While the global average price hovers around $67,000, South Korea sees a premium at $71,753 per BTC. Top trading pairs include USDT, FDUSD, and USD.

Crypto traders buckle up as the market takes a tumble and liquidations soar – it's a rollercoaster ride for leveraged enthusiasts! Open / Comment

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2024-04-10 21:05:44 It’s happening NOW! Scorpion Casino's pre-sale on Pinksale has officially launched and is taking the crypto world by storm! Will they set a new record? With a soft cap of 3500 BNB and a hard cap of 14,000 BNB, the stakes couldn’t be higher and the race is on until April 14th at midnight UTC!

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2024-04-10 19:20:10 Scorpion Casino's Pinksale pre-sale is taking the crypto world by storm, LIVE NOW! They’re targeting a 3500 BNB soft cap and eyeing an unprecedented 14,000 BNB hard cap! The action heats up from now until April 14th at midnight UTC.

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2024-04-10 18:30:58 Japanese Firm Metaplanet Rockets to New Heights with $659M Bitcoin Bet, Stock Surges 90%!

Once a hospitality heavyweight as Red Planet, Metaplanet has boldly embraced the digital frontier, charting a course as a Web3 pioneer. Now, it's making waves again by bolstering its treasury with a staggering 1 billion yen ($659M) in bitcoin (BTC)!

Backed by big names like Sora Ventures and UTXO Management, this strategic shift isn't just about financial gains. It's about forging a future where finance meets innovation at its very core. Talk about thinking outside the box!

The market's response? A resounding vote of confidence! Metaplanet's stock value has skyrocketed an eye-popping 89.47%, putting it in the same league as heavyweights like Microstrategy and Tesla. This Japanese enterprise means business.

But what does this mean for everyday investors? Well, according to Jason Fang of Sora Ventures, it's not just about profits – it's about democratizing access to bitcoin. With this move, Japanese investors can hop on the BTC train without worrying about hefty tax burdens or regulatory hurdles.

So, buckle up! Metaplanet is rewriting the rulebook and blazing a trail towards a future where finance and innovation collide in the most exciting ways imaginable. The digital revolution is here, and Japan is leading the charge with style! Open / Comment

2024-04-10 17:25:09 The moment is here! Scorpion Casino's pre-sale on Pinksale is LIVE NOW! They’re in the running to potentially break the Pinksale record, with the action unfolding until April 14th at midnight UTC.

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2024-04-07 18:16:52 Bitcoin ETFs Soar with $569.4M Inflows: A Promising Week for Crypto!

After a brief stumble on April Fool's Day, U.S. bitcoin ETFs are back in the game! The numbers speak for themselves, with a remarkable $569.4 million flowing into these investment vehicles over just four days.

Starting off with a modest boost of $39.5 million on April 2, the momentum quickly picked up. The next day, inflows surged to $113.5 million, and by April 3, we were looking at an impressive $213.4 million pouring in.

Amidst this positive trend, it's worth noting that Grayscale's GBTC experienced a slight setback, seeing the largest outflow for the day. However, this didn't dampen the overall enthusiasm as Friday's inflows still stood strong at $203 million, just shy of Thursday's figures.

Taking a step back to assess the bigger picture, it's fascinating to see how these ETFs are stacking up their bitcoin holdings. While GBTC may have had a rough day, it still holds a substantial 325,686.78 BTC. Meanwhile, Blackrock's IBIT boasts 259,381.18 BTC, and Fidelity-managed FBTC is safeguarding around 149,339 BTC.

All in all, despite some market turbulence earlier this month, the resilience of these 11 U.S.-based bitcoin ETFs is evident. With consistent inflows and sustained optimism, it seems that investors' appetite for crypto exposure remains unwavering. Open / Comment

2024-03-29 14:11:02 Ethereum's Blob Revolution: Inscriptions Take Over, Capacity Struggles Ensue

The Dencun upgrade brought cheers with cheaper L2 transactions. But now, a new challenge emerges as blob inscriptions take the stage, causing a contention never seen before.

With the introduction of EIP-4844 or "Proto-Danksharding," Ethereum blocks can now hold more than just transactions. Think of it as extra data etched into the very fabric of the blockchain.

Data crunching from Dune Analytics paints a vivid picture – 44.2% of all blobs are now driven by these inscriptions. It's like an artistic frenzy, but with code!

This surge in popularity comes at a cost. Basic blob fees are no longer pocket change, and we're witnessing a blobspace crunch, with 139 hopeful blobs waiting in line.

A single block can only handle six blobs, so you do the math – that's 133 blobs overcapacity! It seems our blockchain canvas is bursting at the seams.

"The 'free blob' party had to end sometime," says Matt Cutler, CEO of Blocknative. March 27, 2024, will be etched in Ethereum history as the day when blob inscriptions stole the show.

The future of Ethereum is bold and bumpy, but one thing's for sure – blobs are here to stay, and they're making their mark like never before! Open / Comment

2024-03-26 21:00:00 Iceland's Prime Minister Takes a Stand: Food Security Over Bitcoin!

Iceland's love affair with bitcoin mining may be coming to an end, as Katrín Jakobsdóttir, the country's Prime Minister, sets her sights on a greener future. In a recent interview with the Financial Times, she made it clear that the power-hungry world of cryptocurrency is not in line with Iceland's mission for carbon neutrality.

"Renewable energy should benefit our people first," Jakobsdóttir emphasized, highlighting the need to prioritize the 375,000 citizens of Iceland over bitcoin's insatiable appetite for electricity.

The harsh Icelandic winter has strained hydroelectric plants, forcing some food processors to rely on dirty energy sources. This has sparked outrage from Guðlaugur Þór Þórðarson, the environment minister, who deems it "unacceptable."

Jakobsdóttir shed light on the challenges faced by Icelandic farmers, describing their struggle to cultivate crops in a land not known for its fertile fields. However, she sees agriculture as a crucial component of security and self-sufficiency in an uncertain world.

With estimates suggesting that bitcoin mining consumes more than all Icelandic households combined, Jakobsdóttir's stance is clear: it's time to rethink our priorities and ensure that Iceland's energy resources are used wisely.

While specific measures remain undisclosed, Jakobsdóttir hinted at a new direction by mentioning the cultivation of corn, an unexplored venture in Iceland. It seems she's ready to sow the seeds of change!

Iceland's energy limitations have already prompted its national power company to reject new cryptocurrency mining ventures. Now, with Jakobsdóttir at the helm, the winds of change are blowing stronger than ever in this Nordic nation. Open / Comment