Analysis Today TheBitTimes.com

Decentralized crypto exchange Uniswap (UNI) is skyrocketing after an upgrade was proposed to reward its token holders. In a new announcement, The Uniswap Foundation says the protocol’s governance lead has put forth a proposal that would reward traders who have staked and delegated UNI. According to the team, the proposal is of utmost importance to the long-term success of the protocol. “Potential Impact: decentralized, resilient, and engaged governance is imperative to the long-term health and success of the protocol. We believe this upgrade will strengthen and invigorate Uniswap governance.” News of the proposal sent UNI flying, as the digital asset went from its seven-day of $7.06 to a peak of $11.62 in just 24 hours, a gain of just over 50%. UNI has since retraced and is trading for $11.20 at time of writing. According to the Uniswap Foundation, the proposal will bring in fresh delegates who are proven to be committed to the project. “We believe UNI token ...

Iran is among the four countries that joined the BRICS alliance in January 2024. The other three nations that joined BRICS are the United Arab Emirates (UAE), Egypt, and Ethiopia. The first country to reject BRICS membership was Argentina as the newly-elected president Javier Milei is skeptical about the bloc. In addition, Saudi Arabia has received the invite and is yet to give its approval to join the BRICS bloc. Also Read: India Begins To Study BRICS Currency Among the happiest to join the BRICS group is the Middle Eastern nation Iran . Its economy succumbed to new lows as the US pressed sanctions against it for its role in sponsoring global terrorism and conflicts. Finances dried up and Iran ’s economy dwindled on the global scale as allies reduced initiating global trade deals. Iran Explains Why It Joined BRICS Source: BBC Iran ’s Finance and Economic Affairs Minister Ehsan Khandouzi said that the country joined BRICS to bring achievements in foreign inves...

Filecoin’s recent price surge has drawn considerable market attention. The crypto has quickly become one of the leading tokens to interact with, surging as high as 16% in the last 24 hours.  Filecoin ’s remarkable price ascent has largely been fueled by its recent partnership with blockchain giant Solana . As reported earlier, Solana will be using Filecoin ’s robust storage services to archive its blockchain history.  Also Read: Circle To End USDC Stablecoin Support on TRON Solana Triggers Filecoin Price Rally Source: Solana FIL’s recent price surge has become a noteworthy development for crypto enthusiasts. Per the data from CoinMarketCap, Filecoin spiked as high as 217% in daily transactions, signaling increased user interest. Additionally, the coin has also positioned itself as the 12th leading crypto by market capitalization.  Filecoin’s exceptional price ascent has primarily been triggered by its recent collaboration...

VeChain (VET) has been gaining momentum in the cryptocurrency market, showcasing impressive performance amid a broader rally sparked by Bitcoin. With a noteworthy 11% surge in the past 24 hours and a significant 24% increase from last week’s lows, VET is currently trading at $0.04551, drawing attention from investors globally. Analyst Predictions Crypto analyst Ali Martinez has chimed in on VET’s potential, indicating that the coin still has room for further growth. Martinez has outlined long-term targets for VET, envisioning it reaching as high as $0.7 per coin. In a recent tweet, Martinez highlighted the consolidation pattern observed in VET before its bullish phase. According to Martinez’s analysis, VET remained relatively stagnant for 595 days before witnessing a surge in 2021. This culminates in a record high of $0.2782 in April. It feels like it will be a big week for # VeChain ! If history repeats itself, $ VET could be looking at a move to $0.054 ...

John Deaton’s CryptoLaw criticizes Ladan Stewart’s recent transition from SEC to White & Case. CryptoLaw highlights Stewart’s crucial role in the SEC’s “disastrous motions and hearings in the Ripple case.” Stewart’s transition from the SEC to a crypto firm has created ambiguity and optimism simultaneously.  XRP attorney John Deaton’s CryptoLaw criticized crypto-critic Ladan Stewart’s recent transition from the Securities and Exchange Commission (SEC) to the crypto law firm White & Case. In a recent X post, CryptoLaw highlighted Stewart’s crucial role in the SEC’s “disastrous motions and hearings in the Ripple case.” The top @SECGov anti-crypto attorney who played a role in many of the Commission's disastrous motions and hearings in the @Ripple case (remember the "attorney client privilege" argument to hide the Hinman documents??) has defected to a Wall Street law firm. Now says: "Crypto is… https://t.co/ZUOtSBe4EH — Crypt...

The highly anticipated Nvidia earnings report has shown that the California-based tech company earned $22.1 billion in revenue in the fourth quarter. Indeed, analysts had predicted the company to post a 240% increase in revenue from a year prior. Ultimately, the outcome has arrived 7.28% higher than expectations. Wall Street was awaiting the earnings report that took place after the bell on Wednesday. Subsequently, the figures would give the market an idea of where the AI boom is currently, and how far it could last. The company rose to prominence through its connection with language models, and generative AI’s meteoric rise. JUST IN: Nvidia $NVDA reports $22.1 billion in revenue for Q4, 7.28% higher than expectations. — Watcher.Guru (@WatcherGuru) February 21, 2024 Also Read: $5,000 Invested in Nvidia Stocks in 2000 is Worth $2 Million Today Nvidia Q4 Earnings Come in Higher Than Expected Throughout the last year, the technology sector saw a massive increas...

The bull market lingers in a sideway trend in the past few days as the price of BTC struggles to break above the $52k region. Despite several attempts to reach the $53k mark, more substantial pressure from the bears pressures the market into a persistent sideways movement. Sadly, the fluctuations in the price of the giant crypto reflect the value of trending assets across the industry. Top Trending Cryptos on Solana Solana Ecosystem started the quarter with upbeat values, with SOL reaching a year-to-date high of $116. However, the growing pessimism in the market has put downward pressure on the asset’s price. Below is a quick overview of the trending assets in the Solana chain. Surprisingly, the growing popularity of assets in the ecosystem has a negligible effect on the prices of each asset. 1. Shadow Token (SHDW)  Recently, file storage systems and other physical infrastructures are some of the most talked about crypto sectors. Little wonder projects like Shadow Token a...

Key takeaways Bitcoin continues to trade below $52k and could rally higher soon. The Bitcoin Dogs presale has raised more than $3 million roughly a week after launch. Bitcoin could surge towards $55k soon The cryptocurrency market has been consolidating over the last few days following its rally last week. Bitcoin’s price has been stagnant since the start of the week but could surge higher soon. At press time, the  price of Bitcoin stands at $51,613, down by 1% in the last 24 hours. The poor performance comes after it reached a yearly high of $52,623, its highest level since 2021. Thanks to the recent rally, Bitcoin’s total market cap has now crossed the $1 trillion mark for the first time in more than two years. Despite the recent consolidation, Bitcoin could be eyeing the $55k level soon as the bulls remain in control.  What is Bitcoin Dogs? With Bitcoin rally ing since the start of the year, investors continue to keep an ey...

Ethereum (ETH) price hit $3,005 on Coinbase on Tuesday, rising to its highest level since April 2022. About 879,000 addresses were in a loss and could sell when prices break above this level. While ETH fell below the psychological level, analysts outline $3k as a “a relatively small obstacle”. Ethereum ( ETH ) price rose to the psychological level of $3,000 for the first time in nearly two years on Tuesday, February 20. The cryptocurrency saw its value jump from lows of $2,880 to touch $3,005 on Coinbase, and $3,003 on Binance. ETH price and the $3k hurdle Ethereum‘s upside, which comes amid a significant move of over 25% in the past two weeks, means several Ethereum addresses that were in the red managed to turn profitable. This in turn, suggests a potential retreat for the second-ranked crypto by market cap if these addresses decide to sell or break even. It could see ETH trade to support levels again, possibly below $2,900 before bounc...

The $9 trillion asset manager BlackRock, which owns the iShares Bitcoin Trust is attracting new and mainstream investors into Bitcoin ETF . The iShares Bitcoin Trust launched an advertising campaign on Tuesday showing the benefits of BTC ETF to mainstream and younger investors. BlackRock offered Bitcoin ETF services to institutional clients and is now looking at attracting a new batch of younger investors. Also Read: How Russia & Ukraine War Is Boosting US Economy BlackRock has classified Bitcoin ETF as an investment class and not a speculative asset in the ad campaign. It equates Bitcoin ETF to commodities, currency, stocks, and bonds standardizing it as an investment class. Bloomberg’s ETF Analyst Eric Balchunas took to X calling the BlackRock’s iShares Trust campaign simple yet effective. He referred to the BlackRock’s ad campaign as “hey fellow kids,” come look at and invest in Bitcoin ETF . Also Read: BRICS: SWIFT ‘Un...

Throughout February 2024, XRP has been making interesting moves on the crypto market as it saw, in quick succession, dormant whale wallets come to life to dump as much as $100 million worth of cryptocurrency, and one-day inflows amount to as much as $1 billion. Generally, XRP has been increasingly interesting to investors as Ripple Labs managed to score several important victories in its long-standing legal battle against the U.S. Securities and Exchange Commission (SEC) – though some 2024 developments indicate the fight is far from over. The token has also recently started rising – along with many other cryptocurrencies – after a brief depression that affected the entire crypto market following the approval of nine spot Bitcoin (BTC) exchange-traded funds (ETFs) early in January, and now, one expert pointed out that it may be in for a massive rally. Picked for you 3 cryptocurrencies under $0.10 to buy this week 34 mins ago AllianceBlock rebrands ...

WLD’s price climbed above $7 as Alameda Research continued to hold the token. LPT dropped below $19 after a whale cashed in on his six-month holdings. Increasing demand might push WLD to $8, while LPT’s price might nosedive to $12.69. Worldcoin (WLD), the project founded by Sam Altman, reached an all-time high (ATH) of $6.69 on February 19. According to Spot On Chain, the increase means that WLD’s price has increased by 163% in the last seven days. However, that was not the only interesting information Spot On Chain posted. According to the on-chain analytic platform, Alameda Research owns 19% of the total WLD supply and has not sold any of the tokens. Moreover, Spot On Chain noted that Alameda received the tokens when WLD was less than $2. The $WLD skyrocketed 163% (7D) to a new ATH of $6.69 today! Note that #Alameda Research still holds 25M $WLD ($167M), ~19% of the circ supply. They received those $WLD from #Worldcoin on Aug 15, 2023, when the price w...

The Honduras banking regulator has implemented immediate measures prohibiting institutions under its authority from engaging in cryptocurrency trading .  In a resolution, the National Banking and Securities Commission or CNBS noted that the move takes effect immediately and aims to mitigate the risks of fraud and money laundering, Reuters reported on February 16.  Entities under its mandate are instructed not to ‘maintain, invest, intermediate, or trade in cryptocurrencies, crypto-assets, virtual currencies, tokens, or similar virtual assets not issued or authorized by the central bank’. Notably, this ban was imposed despite the absence of formal legislation regulating cryptocurrencies in the Central American country.  Picked for you Avalanche sell-off alert: Nearly $400M of unlocked AVAX 16 hours ago Funds locked in DeFi surged 100% in 4 months, reaching 2-year high 18 hours ago 3 cryptocurrencies to reach $100 billion market cap in 202...

In his enduringly pessimistic assessment of the economy and overall financial markets, Robert Kiyosaki, the bestselling author of the personal finance book ‘Rich Dad Poor Dad, ‘ continues to voice his criticism of the Federal Reserve.  The criticism aligns with Kiyosaki’s view that the Fed is responsible for undermining the economy.  In this line, Kiyosaki shared unfiltered views about the Fed through an X (formerly Twitter) post on February 17 and urged investors to explore non-traditional investment assets. In his post, the author advised investors not to ‘ fight the Fed’ but instead redirect their focus towards investing in assets such as gold, silver, and Bitcoin (BTC).  Picked for you 3 cryptocurrencies to avoid trading next week 17 hours ago 4 cryptocurrencies under $1 to buy next week 19 hours ago Best life-changing cryptocurrency to buy in 2024 19 hours ago Microsoft's Copilot AI predicts XRP pric...

The stolen BEAM was converted for 1,629 ETH, unsettling the BEAM market. Post-phishing, BEAM sees volume surge, hinting at potential market stabilization. kirilm.eth loses 180.25M BEAM ($5.14M) to a phishing attack, sparking a 7% market drop. kirilm .eth was involved in a phishing attack that took place on February 15, costing them 180.25 million BEAM, worth about $5.14 million. kirilm .eth was phishing attacked and lost 180.25M $BEAM($5.14M) 13 hours ago. The scammer quickly sold the 180.25M $BEAM for 1,629 $ETH($4.6M), which caused the price of $BEAM to drop by ~7%.https://t.co/x8epiNx4Qa pic.twitter.com/ytcfYib2Kg — Lookonchain (@lookonchain) February 16, 2024 Following the attack, the stolen BEAM was converted into 1,629 Ethereum (ETH), valued at $4.6 million. The move proved destructive to Kirilm.eth, having caused waves in the BEAM market, leading to a 7% price decrease. Concurrently, BEAM’s market capitalization and 24-hour trading volu...