Crypto Push

2024-02-16 17:00:28 Bitcoin ETFs ‘spark’ Coinbase profits as COIN rallies by +10%

Coinbase, the leading cryptocurrency exchange, has reported a net income of $273 million in Q4 2023, surpassing expectations and showcasing its strong performance.

With a total revenue of $3.1 billion last year and a notable increase in adjusted EBITDA nearing $1 billion, Coinbase's stock has soared to over $189 in after-hours trading.

CFO Alesia Haas attributes this success to increased trading volume fueled by the introduction of Bitcoin ETFs and optimism about the macroeconomic environment in 2024.

As the custodian of 90% of Bitcoin ETF crypto-assets, Coinbase has benefited from a massive $4 billion net inflow, while its partnership with Circle and the Federal Reserve's rate hikes have boosted interest income on USDC.

In terms of regulatory compliance, Coinbase stands out as the most compliant exchange, gaining market share due to the demise of competitors like FTX and Binance's issues, according to ARK Invest CEO Cathie Wood.

While awaiting a decision on the SEC v Coinbase case, legal experts lean towards Coinbase's position, giving it a 70% chance of winning, similar to victories seen in cases involving Ripple and Grayscale.

The surge in profits has propelled COIN shares higher, with an over 14% increase in after-hours trading. Both Coinbase and Bitcoin have seen more than a 20% rise month-to-date.

Looking ahead, Coinbase plans to focus on its USDC stablecoin and explore blockchain utility through its layer-2 blockchain, Base. Regulatory efforts remain a priority for the exchange and the broader Web3 industry. Open / Comment

2024-02-14 18:01:25 $ORIS (Oris) listed on the LBank exchange!

Join us at @oris_coin to stay updated on all developments!

Oris - it's more than just a token. It's an innovative solution deployed on the reliable Polygon infrastructure. We aim for new heights and are ready to share this journey with you.

Details about the listing are available at the following link: Link to the article

Join our community, stay tuned for updates, and get ready for an exciting phase in our journey!

Trade ORIS on LBank
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2024-02-13 22:30:30 Cardano's Activity Surge: Will ADA Soar?

Cardano [ADA] has been on a rollercoaster ride lately, with market sentiment swinging back and forth, causing price fluctuations.

But there's hope! The network activity is picking up, with a whopping 81,000 successful transactions in the past 24 hours. More users are joining the Cardano blockchain!

DeFi is driving this surge, especially with the Cardano DEX Spectrum hitting a milestone of 1.04 million ADA in daily trading volume. The Total Value Locked (TVL) is also on the rise.

However, not all is rosy. The NFT space on Cardano seems to be facing headwinds, with sales volume down by 16.30% and fewer buyers by 83.58%.

This decline could impact artists and developers relying on Cardano for NFTs, highlighting the need for innovation and diversity in the marketplace. Open / Comment

2024-02-10 15:00:08 XRP's Q4 2023: Transactions Soar, Active Addresses Plunge, and NFTs Take Flight!

Transactions Take Off with Inscriptions
In a remarkable turn of events, average daily transactions for XRP skyrocketed by 22.7% in Q4. The primary catalyst? A flurry of activity in December, driven by a surge in payments related to inscriptions.

Payments Dominate, Active Addresses Decline
December witnessed an astonishing 22 million payments within a week, propelling the share of payments as a transaction type to a whopping 35% for the quarter. However, this spike didn't translate into more active addresses, which dipped by a significant 31%.

Network Growth Blooms
While active addresses faced a setback, XRPL's network still showed promise with a robust 31.5% jump in new addresses. The total number of accounts also crossed the 5 million mark, marking an important milestone for the network's expansion.

NFT Mints Soar, DEX Volumes Dip
The NFT frenzy made its mark on XRP too! Mints surged nearly sixfold in Q4, driving overall NFT transactions up by an impressive 169%. On the flip side, XRPL's decentralized exchange volume experienced a dip of 78.7%, reaching $562,000.

XRP: A Steady Rise Amidst Market Gains
Turning our attention to XRP itself, the native token had a solid performance with a price surge of 19.3% and a market cap increase of 21% QoQ. While commendable, it lagged behind the broader market's gain of 53.8%, leaving room for further growth. Open / Comment

2024-02-07 16:01:59 Is Avalanche Losing Its Spark? Interest in the Ecosystem Wanes

A Turnaround for Avalanche DEXes?
Recent advancements in decentralized exchanges on Avalanche show promise, but overall trading volumes continue to decline. The road to recovery is still challenging.

NFTs Fading on Avalanche
It's not just DEXes; the NFT sector on Avalanche is also feeling the pinch. Sales have dipped by 12.5%, and even popular collections struggle to attract attention.

The Ripple Effect of Waning NFT Interest
A thriving NFT ecosystem is crucial for any blockchain platform, fostering creativity and drawing in users, developers, and artists. Avalanche needs a spark to reignite its NFT flame. Open / Comment

2024-02-04 20:00:41 XRP's Price Set to Soar: ChatGPT's Bold Prediction for 2024!

SEC Saga and Ripple's Redemption
In the midst of the SEC-Ripple legal tussle, attorney John Deaton slams the SEC for trying to dodge accountability in the Debt Box case. The SEC's admission of misleading claims and dropping the $50 million lawsuit has left many scratching their heads.

SEC Under Fire
Federal courts are not mincing words either. Judge Torres calls out SEC lawyers as hypocrites, while an Appellate Court deems their rejection of a Bitcoin ETF as unfair. Even Coinbase's CLO, Paul Grewal, isn't holding back, criticizing the SEC's complaint withdrawal tactics.

Ripple Labs: More Than Just XRP
Ripple Labs, founded by Chris Larsen and Jed McCaleb, aims to revolutionize global transactions. XRP is its digital asset, fueling transactions on the Ripple network. Remember, Ripple is the tech company; XRP is its open-source crypto.

XRP vs. SEC: The Battle Rages On
The SEC alleges that XRP is an unregistered security, but Ripple disagrees vehemently. After a long-drawn legal battle, the court ruled in favor of Ripple in July 2023, stating that XRP is not a security. The SEC had to drop its charges but gained authority over institutional crypto sales.

ChatGPT's Mysterious Insight
While I can't predict the future like ChatGPT, let's keep an eye on XRP. With the regulatory storm settling and Ripple's legal win, some believe that XRP might just defy all expectations and surge ahead in 2024!

Disclaimer: This post does not constitute financial advice; it's merely an analysis of recent events surrounding XRP and Ripple Labs. Always do your own research before making investment decisions.

Note: This post is purely fictional and does not reflect real news or predictions. Open / Comment

2024-02-01 16:30:48 XRP Tumbles After $112M Ripple Exploit: Is There Hope?

The price of XRP took a hit, dropping 2.35% in just an hour, as news broke of a $112.5 million exploit on the Ripple network. On-chain detective ZachXBT was quick to sound the alarm.

Zach's investigation revealed that a whopping 213 million XRP had been swiped, with the stolen tokens making their way across various exchanges like a digital shell game.

While this may be the first major heist of 2024, Ripple's chairman Chris Larsen stepped up to clarify that it wasn't the company's funds but his own personal stash that got nabbed.

Thanks to Larsen's swift response and the assistance of the XRPLF, some of the ill-gotten gains have already been frozen, potentially saving XRP from further freefall.

Despite this setback, XRP managed to hold its ground at around $0.49, showing resilience amidst a broader market downturn. In fact, recent data suggests there's still some fight left in this token, with millions in high-value transactions recorded just days ago.

While the exploit may have rattled XRP's cage, it seems there are still bullish signals flashing in the midst of this crypto storm. Open / Comment

2024-01-29 16:00:23 State of new Bitcoin holders as BTC faces resistance at $43K

In the recent week, amidst the significant decline in the Bitcoin price, the market has finally shown a Positive Sign around $39,000 (1m-3m Age band Realized Price), reflecting a recovery and price growth to $42000.

Price level to watch
For the newer investors that are currently underwater, Crazzyblockk said that the crucial level to watch lies between $43,500 and $44,000.

It can be asserted that a breach above the $44,000 threshold signifies a robust indication of sustained positive price momentum. Conversely, should this level, functioning as the equilibrium point for investors with holding periods of less than one month, exhibit resistance, an expectation arises for the persistence of a notable correction in the mid-term. Open / Comment

2024-01-29 13:01:34 Waterfall is the most decentralized BlockDAG protocol currently available

Key Features:

This decentralized platform has the potential to attract much more validators than other protocols.
Minimal hardware requirements: Dual-Core CPU, 4GB RAM (your cellphone has 2-4 times more than that).
High performance and scalability, thanks to parallelism in BlockDAG compared or even higher potentially that the most scalable currently popular protocols
Compatible with EVM and Ethereum API.

The team includes senior people who were successfully building the ecosystem for Ethereum and those who were successfully competing against it:

Ron Resnick is the CEO of the company-developer of Waterfall, is also a former Executive Director of Enterprise Ethereum Alliance and a former Investment Director of Intel Capital.

Jeff McDonald is the Director at the Board of Directors for Swiss Association, is also a Former Co-Founder of Nem, which used to be in Top-5 and for a short time in Top-3 right after Ethereum.

The Chairman of Board of Swiss Association is Richard Wang, who is also General Partner at Draper Dragon Fund.

R&D team has been rigorously testing technology since 2021.

More than 275 Workers(block producers) on the TestNet are owned by the developers and future users of Waterfall.

On the first day after the new TestNet announcement, 115 Workers connected and more than 450 000 transactions were processed.

On January the 2nd more than 650 000 transactions was successfully processed.

Find out more details in our communities:
https://t.me/waterfall_network
https://twitter.com/waterfall_dag
https://discord.gg/Nwb8aR2XvR Open / Comment

2024-01-26 22:00:02 How Bitcoin’s performance is driving away BTC investors

Is BTC approaching its bottom?
According to Santiment, historically, this kind of decline in the holdings of small BTC owners is a sign of capitulation. This is mostly followed by a price rebound. It often signals a price bottom, a phase marked by renewed optimism that can help drive up the asset’s value.

To determine whether a price bottom is in, it is key to observe BTC’s Age Consumed metric. This metric tracks the movement of previously idle BTCs.

When Age Consumed sees a surge, it suggests that a significant amount of once-idle tokens have changed address. This hints at a sudden and strong shift in the behavior of long-term holders.

Conversely, when the Age Consumed metric dips, long-held coins remain in wallet addresses without being traded. Open / Comment