Altcoin News by Thebittimes.Com

Patient Capital Management shifts from Grayscale to Bitcoin ETPs diversify investment portfolio. An updated SEC filing shows that the firm has replaced Grayscale Bitcoin Trust with Bitcoin ETPs. The firm plans to allocate $200 million to Bitcoin ETPs. Patient Capital Management, a prominent asset management firm with $1.4 billion in assets under management, has updated its investment strategy pivoting from the Grayscale Bitcoin Trust to Bitcoin Exchange Traded Products (ETPs). The move reflects a significant shift in its approach to digital asset exposure. Patient Capital Management filling with the SEC Patient Capital Management made a filing with the U.S. Securities and Exchange Commission (SEC) on March 11 expanding its investment horizon by replacing its exclusive reliance on the Grayscale Bitcoin Trust. The firm now aims to allocate up to 15% of its net assets to Bitcoin ETPs, broadening its exposure within the rapidly evolving cryptocurrency market....

Solana has partnered with Filecoin to boost its blockchain’s reliability and scalability. Bitcoin Dogs has raised over $1.7 million as the crypto community flock to the world’s first ICO on Bitcoin. Solana is looking to bolster its block chain network with a key partnership with decentralized storage platform Filecoin. Meanwhile, Bitcoin Dogs is storming through its presale as the crypto community takes note of its potential. Solana and Filecoin partner In one of the groundbreaking developments this week, Filecoin, the decentralized data storage marketplace and crypto platform, announced it had integrated with Solana, the block chain network home to a bustling token ecosystem. Filecoin said in a statement that the collaboration will see Solana tap into Filecoin’s infrastructure to bolster the reliability and scalability of its network. The partnership comes a few days after Solana suffered an outage and is a major move that signals the bloc...

Analysts predict that Bitcoin (BTC) will continue trading above $50,000.  Rebel Satoshi ($RBLZ) to launch on DEXes after concluding its presale. Investors are optimistic of $RBLZ performance after listing. Even as the best altcoins continue to suffer, the Bitcoin (BTC) price has rallied past $51k. Meanwhile, Rebel Satoshi ($RBLZ) has risen continually during its presale as investors anticipate further gains upon its upcoming DEX launch . Let’s understand whether BTC can sustain its rally and why experts consider $RBLZ the best crypto to buy right now.  Bitcoin soars past $51K as ETFs AUM surpass $10B The rally in the Bitcoin (BTC) price after the approval of Spot ETF was short-lived. After that, the Bitcoin (BTC) price and the entire market had been caught up in volatility. By January 23, the Bitcoin (BTC) price fell to a low of $38,740. However, as the market recovered, the Bitcoin (BTC) price has also risen.  On February ...

Analysts foresee a possible Bitcoin surge to $50,000 amid the heightened Bitcoin halving hype. Bitcoin Dogs unveils $0DOG token presale, the first BRC-20 ICO on the Bitcoin blockchain. $0DOG offers access to Bitcoin Dogs’ NFT collection and immersive gaming ecosystem. Bitcoin Dogs, a pioneering NFT gaming project leveraging the power of Bitcoin, is set to revolutionize the crypto world with the inaugural BRC-20 token ICO. This innovative venture combines elements of cryptocurrency, non-fungible tokens (NFTs), decentralized finance (DeFi), and Web3 culture to create an immersive experience for investors and enthusiasts alike. With Bitcoin’s recent price surge and the introduction of spot ETFs, the timing couldn’t be more auspicious for Bitcoin Dogs to make its mark. Bitcoin Dogs: first-ever BRC-20 blockchain ICO Unlike traditional presales conducted using ERC-20 tokens on the Ethereum blockchain, Bitcoin Dogs introduces $0DOG as a novel i...

Bitcoin (BTC) is expected to drop to as low as $40,000 despite hitting $49,000 post-SEC approval. Crypto Fear and Greed Index drops to neutral after hitting October 2023 lows. Investors seek clarity as Google searches spike 1,100%, questioning BTC’s fall. In a rollercoaster week for the cryptocurrency market, the approval of spot Bitcoin ETF s in the US sent shockwaves through the industry. Bitcoin’s initial surge to $49,000 quickly turned into a decline, leaving market sentiment in a state of uncertainty. As investors grapple with the aftermath, key indicators and market analyses offer insights into potential price movements and the impact of ETF approval on Bitcoin’s trajectory. Bitcoin’s whirlwind Bitcoin, the world’s largest cryptocurrency, experienced a momentous turn of events following the approval of spot Bitcoin ETF s by the SEC. The announcement triggered a rapid price surge, with BTC’s price reaching $49,000 wi...

Standard Chartered forecasts $200K Bitcoin by late 2025, banking on ETF approval. Grayscale’s GBTC outpaces 99% of ETFs, trading close to half a billion dollars. Meme Moguls, a meme-backed stock market, enters the crypto space with presale buzz. As the crypto world buzzes with anticipation over the potential approval of spot Bitcoin ETFs in the US, major players are making bold predictions. Standard Chartered forecasts a staggering $200,000 target for Bitcoin by late 2025, contingent on ETF approval. Simultaneously, Grayscale ’s Bitcoin Trust (GBTC) is making waves, outpacing the majority of ETFs in trading volume. Amidst this, a new player, Meme Moguls, is poised to capitalize on the ETF momentum. Standard Chartered’s $200K Bitcoin projection with ETF approval Standard Chartered, a banking giant, has made a striking projection for Bitcoin’s future. The multinational firm predicts a potential surge to nearly $200,000 by late 2025, ri...

Bitcoin (BTC), InQubeta (QUBE), and Injective (INJ) are among the top crypto coins to invest in now. BTC, the king of cryptocurrencies, is officially back as its prices surge past the $37,000 mark for the first time in almost two years. Prices have expanded 31% in the past month and there’s a solid chance they will reach $50,000 before the end of 2023.  Top DeFi projects InQubeta and Injective have enjoyed 130% and 113% price surges respectively.  InQubeta uses decentralized finance to open up access to artificial intelligence (AI) investments, while Injective provides a wide range of decentralized finance tools from spot exchanges to lending protocols.  InQubeta (QUBE) surges past $4.6 million  The InQubeta project has been a massive hit with cryptocurrency investors since the start of its presale raising over $4.6 million in token sales. The ambitious new DeFi project provides an alternative investment medium for those who don...

Source: HJBC/Adobe France’s top financial regulators have added the crypto trading web sites 24cryptoforextrading.net, silveriz.fr, and cryptoneyx.io to a blacklist of firms operating in France “without proper authorization.” The list is co-curated by the Autorité des marchés financiers (AMF), France’s stock market trading regulator. It is co-authored by the Banque de France’s Prudential Supervisory and Resolution Authority (ACPR). The ACPR polices France’s banking and insurance sectors. In an update posted on the ACPR website yesterday, the regulators wrote: “In 2022, the AMF and the ACPR added 49 names to the list of sites that are not authorized to offer Forex investments, vs 61 in 2021, and 2 names in the cryptoasset derivatives category, down significantly compared to 2021 with 24 web sites added.” The blacklist comprises “unauthorized” firms offering crypto derivatives in France. It al...

On December 21, the price of Bitcoin remained relatively stable near $16,750. BTC/USD began trading at $ 16,925 on December 21. It is currently trading at $ 16,857, up 0.19% in the last 24 hours. BTC/USD has ranged from a high of $16,934 to a low of $16,794. Furthermore, its value has fallen by approximately 5.2% in the last week. Bitcoin Miner Core Scientific Files for Bankruptcy Core Scientific is one of the largest publicly traded cryptocurrency mining companies in the United States. Core Scientific, according to reports, has filed for Chapter 11 bankruptcy protection in Texas due to declining revenue and Bitcoin prices. Some of the holders of the miner's convertible notes are expected to support a restructuring plan. Due to a prolonged bear market, Core Scientific was forced to sell 9,618 BTC in April in order to continue operations. The crypto winter continues to have a negative impact on the business. As a result, the company filed for Chapter 11 bankruptc...

Source: Nelson Antoine/Adobe Brazil’s Public Ministry has claimed it has proof an alleged crypto scam mastermind known as the “Bitcoin Pharaoh” hired “professional gunmen” to murder his crypto competitors. The “Pharaoh,” real name Glaidson Acácio dos Santos, was jailed last year and is set to face trial on charges of orchestrating a $7 billion crypto-flavored Ponzi scheme that is thought to have promised investors 10% returns on their stakes. The scheme is believed to have sucked in celebrities, including top models, actors, and football players. Globo reported that the ministry says it has recordings of “conversations that prove” Glaidson set up “a system” that would “take the life of anyone who dared to be his competitor” in the Lagos Region’s crypto scene. The ministry claimed that Glaidson had created a “well-structured organization,” with “weapons, front ...

Source: Adobe/DedMityay The popular Bitcoin (BTC) and crypto on-chain analyst Willy Woo has predicted that the bottom of the current Bitcoin bear market is close, given the share of the BTC supply that is considered “underwater.” Using his so-called “Max Pain” model, Woo said on Twitter this weekend that a macro cycle bottom for bitcoin historically has been seen when 58% to 61% of the BTC supply is underwater, or held by investors sitting on an unrealized loss. Judging from Woo’s model, that level is now getting close. Asked by a commenter where exactly the model predicts the bottom to be, Woo admitted that the price could still fall further, saying the upper part of the shaded area of his model is at $13,000 “and rising quickly.” “Not all bottoms have hit, but for those that didn’t, they got close,” he added. Zoomed in view of the “Max Pain” model. Green area represents coins held by Grayscale'...

Following the rebound above $15,500, Bitcoin price prediction remains neutral during the European session. Since then, BTC has been trading in a narrow range of $16,350 to $16,750. The market's volatility is low this weekend, and thin trading keeps price action limited. Was $15,500 the bottom? Let's find out.  Risk-off Triggered - Another Exchange Has Halted Withdrawals  Yes, it has happened again. One more cryptocurrency trading platform has decided to stop processing withdrawals, making it impossible for their customers to receive their funds.  Staking platform Freeway is at the center of this controversy since it claims that one of its trading techniques has tanked. This is why it has temporarily stopped processing withdrawals for customers. In a statement, Freeway announced: The trading strategy was executed as it was programmed, but the market volatility caused a spike in margin utilization leading to the loss. For the past several months, this ha...

Source: ErenMotion/Adobe Crypto fraud continues to escalate in South Korea – where a scammer aged over 60 has been given a six-year jail term for duping victims into investing in a sham stablecoin. Segye Ilbo reported that an unnamed individual in their sixties – named for legal reasons as A – was imprisoned on charges of violating the Act on Aggravated Punishment of Specific Economic Criminals at a branch of the Busan District Court. The court heard that A orchestrated an elaborate scam from July 2018 to November 2019, cheating 35 individuals out of thousands of USD worth of investments. A created a company, based in the city of Busan, and then proceeded to hold “investor briefing sessions” around the city in a bid to drive up interest in the firm. The court heard that the sexagenarian claimed: “We have developed a stablecoin that will be listed on a leading domestic exchange in August 2019, and buying coins before it is listed wi...

The Asian session has started with a crypto market massacre, with all of the main cryptocurrencies on a strong negative run and the global crypto market cap plummeting below $1 trillion amid FTX insolvency fears. Bitcoin price fell sharply and broke through an upward trendline to trade at $19,600. Similarly, Ethereum fell 7.5% to $1,470. Billionaire Sam Bankman-FTX Fried's cryptocurrency exchange was the subject of increasing rumors throughout the night, but the company's CEO tweeted first thing Monday morning: "FTX is fine. Assets are fine." We covered a story earlier today that Alameda Research, a subsidiary of FTX, carried a large amount of its native exchange token, FTT, on its balance sheet. A public spat ensued between Alameda CEO Caroline Ellison and Binance CEO Changpeng Zhao, who also owns a substantial amount of FTT tokens. The CEO of FTX says that speculations about the company's financial health are unfounded. After rival crypto exc...

The Bitcoin price is rising during the European session, breaching the descending triangle pattern at $20,400. Recalling the Asian session's Bitcoin price prediction, the market was waiting for non-farm payrolls and the unemployment rate in the United States to determine further price action .  A day after the Federal Reserve announced another rate hike, the government released its final jobs report before the midterm elections, showing that the unemployment rate had remained unchanged at 3.7%. Let's take a closer look. US Non-farm Payroll & Unemployment Rate  US Non-farm Payroll:  According to the US  Bureau of Labor Statistics , more than twice as many jobs were added to the US economy in October 2022, with 261,000 new positions created. This is the lowest reading since December 2020, but data nevertheless hint at a robust, if sluggish, labor market as worker shortages continue to bite.  US NFP - Source: US Bureau of Labor Statistics ...

Source: AdobeStock / walterericsy Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Banking news Financial services group DBS announced that it is “one of the first banks globally” to test the trading of foreign exchange (FX) and government securities using permissioned decentralized finance (DeFi) liquidity pools on a public blockchain through Project Guardian, a collaborative initiative with the financial industry that seeks to explore the economic potential and value-adding use cases of asset tokenization. According to the press release, the trade comprised the outright purchase and sale of tokenized Singapore Government Securities (SGS), Singapore Dollar (SGD), Japanese Government Bonds, and Japanese Yen (JPY). Digital asset management technology METACO announced that Union Bank of the Philippines is live on METACO’s fl...