Kategorie: Bitcoin News

Bitcoin news about the Bitcoin (BTC) blockchain and its crypto ecosystem.

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Bitcoin Drops To $26k: Should Investors Buy More Shiba Memu Tokens

TL;DR

  • Bitcoin has dropped to the sub-$26k level as bears remain in control.

  • Shiba Memu’s presale has now surpassed the $3 million mark as more investors troop in.

The cryptocurrency market has been bearish over the weekend. The prices of Bitcoin and other cryptocurrencies are in the red zone as sellers continue to be in firm control of the market.

However, Shiba Memu’s presale continues to break records and has now surpassed the $3.2 million mark. 

Bitcoin drops to the $26k level

Bitcoin, the world’s leading cryptocurrency by market cap, has been underperforming over the last few hours. It has lost more than 1% of its value today, with the bears in control of the market. At press time, the price of Bitcoin stands at $26,161 per coin. 

The other leading cryptocurrencies, including ETH, SOL, SHIB, and XRP, are all trading in the red zone. The decline in prices could serve as an opportunity for investors to invest in more projects. 

The bearish sentiment hasn’t affected Shiba Memu’s presale as it hit a new milestone. This presale round has now generated more than $3 million. 

What is Shiba Memu?

Shiba Memu is a meme token project that wants to ease the way people and organisations handle marketing campaigns. The project is leveraging the powers of blockchain and AI technologies to offer real-world value to users. 

While the project is still in its presale stage, investors have already pledged millions of dollars to the development of its products. At the moment, the Shiba Memu stage two presale has raised more than $3 million. 

According to their whitepaper, Shiba Memu will use blockchain and AI to develop an unstoppable, entirely self-sufficient marketing powerhouse. The platform can handle the work of 100 marketing agencies with the help of AI. 

Users who deploy Shiba Memu will have the platform working 24/7 for them to identify ideal creative scenarios and develop excellent marketing campaigns. 

Shiba Memu is launching as a meme project thanks to the rise in the popularity of meme tokens in recent years. Meme coins have become important in the crypto industry, growing from a market cap of $0 in 2019 to $20 billion in 2022. 

Shiba Memu will be a step above most meme projects as it will offer users real-world use cases. Shiba Memu will be able to develop its own marketing strategies, write its own PR, and promote itself in relevant forums and various social media platforms.   At the moment, Shiba Memu operates on BNBChain and Ethereum.

Shiba Memu’s presale surpasses $3 million

The crypto market has been bearish over the weekend, but that hasn’t stopped investors from seeking out quality projects. Shiba Memu’s stage two presale recently hit an important milestone. The project has raised $3.2 million in this current presale round and could reach its target very soon. 

Funds generated from the numerous presale rounds would be used to develop the Shiba Memu products. Most of the funds would be allocated to the development of the Shiba Memu AI technology. 

Click here to find out more about Shiba Memu’s presale event. 

Should you invest in Shiba Memu today?

The cryptocurrency market began the week in a bearish mode, and this has created investment opportunities for investors. As investors continue to search for excellent projects, Shiba Memu could be an excellent choice. 

Shiba Memu will be combining the powers of AI and blockchain technologies to develop an excellent marketing platform. The platform will look to ease marketing strategies for companies and organisations. 

Shiba Memu’s SHMU token could be a leading meme token with the right level of adoption. 

The post Bitcoin Drops To $26k: Should Investors Buy More Shiba Memu Tokens appeared first on CoinJournal.

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Microstrategy acquires an additional 5,445 bitcoins

  • MicroStrategy says it acquired the additional 5,445 bitcoins for $147.3 million at the average price of $27,053 per coin.
  • The company now holds 158,245 bitcoins acquired for a total of $4.68 billion.

MicroStrategy Inc. (NASDAQ: MSTR), a leading finance software company, has added to its Bitcoin (BTC) haul again.

In crypto news shared on Monday by Michael Saylor, the company’s founder and chairman, MicroStrategy recently acquired an additional 5,445 bitcoins to bring its total BTC holdings to over 158k.

MicroStrategy now holds 158,245 bitcoins

According to a filing with the US Securities and Exchanges Commission (SEC), MicroStrategy purchased the BTC for $147.3 million, acquiring each coin at the average price of $27,053. Per the document, the company now holds 158,245 BTC, which was cumulatively acquired for $4.68 billion. The average price of the entire acquisition is $29,582 per bitcoin.

Saylor shared the news on his official X account on Monday.

Bitcoin price outlook after MicroStrategy news

BTC has not moved much over the past few days, with price ranging around the $26k level amid a lack of volatility across the market. On Monday, the benchmark cryptocurrency’s value was hovering around $26,130 on major crypto exchanges, with CoinGecko data showing a -1.8% return in the past 24 hours and 4.6% in the past seven days (as of 09:55 ET).

For MicroStrategy, the declines below $27k (which was the average price for the latest purchase) means the 5,445 coins have seen a depreciation in value at current prices.

As to what happens next for BTC, popular crypto analysts say there’s possibility fresh negativity could send the flagship crypto to support below $25k. A notable anchor below this level would be the psychological $20k zone.

Crypto analyst and trader Joe Burnett says a bullish flip for BTC will take it to a new all-time high. With supply “incredibly dry”, all Bitcoin needs is a “spark of demand.”

Among other catalysts, analysts are looking at the upcoming bitcoin halving and the potential for a first spot Bitcoin ETF approval by the SEC. Asset investment giant BlackRock is one of the companies looking to offer access to a spot ETF.

The post Microstrategy acquires an additional 5,445 bitcoins appeared first on CoinJournal.

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Coinbase is largest Bitcoin (BTC) holder in the world: Arkham

  • Arkham announced it identified nearly $25 billion in Bitcoin in crypto exchange Coinbase’s portfolio.
  • The BTC holdings are approximately 948,000, closer to the 1 million BTC of Satoshi Nakamoto.
  • Coinbase is thus the world’s largest known Bitcoin entity, Arkham analysts said on X.

Blockchain intelligence firm Arkham has reported that Coinbase holds Bitcoin (BTC) worth about $25 billion, making the cryptocurrency exchange the world’s largest entity holding the flagship digital asset.

Arkham says Coinbase holds nearly 1 million BTC

Arkham’s announcement on Friday was that it had identified nearly 1 million BTC on-chain for Coinbase reserves, with this making the US-based crypto behemoth “the largest Bitcoin entity in the world on Arkham.” The holdings account for about 5% of all bitcoin in existence and means the exchange’s BTC is nearly as much as that attributed to Bitcoin creator Satoshi Nakamoto.

Coinbase is also reportedly home to 36 million deposit and holding addresses for BTC, one of which is a cold wallet with 10,000 BTC. There could be millions of other untagged assets, the intelligence platform noted.

“Arkham has identified and tagged over 36 Million BTC deposit and holding addresses used by Coinbase, with their largest cold wallet containing ~10K BTC. Based on their most recent financials, Coinbase likely has thousands more BTC not yet labeled,” Arkham posted on X.

Other than Bitcoin, the Coinbase portfolio also has 1.68 million Ethereum (ETH), 68.6 million Chainlink (LINK), nearly 223 million USD Coin (USDC) and 921,000 BNB (BNB). These assets contribute to Coinbase’s crypto portfolio of over $29 billion, according to data on Arkham as of September 22.

Arkham’s report comes as Coinbase expanded its services further with a regulatory approval in Spain. As CoinJournal highlighted earlier today, the company has secured registration with the Bank of Spain to offer services as a crypto exchange and crypto custody wallet provider.

Official entry into Spain adds to Coinbase’s regulatory milestones in Italy, Singapore, the Netherlands, Brazil and Canada. The exchange is also battling for regulatory clarity in the US.

The post Coinbase is largest Bitcoin (BTC) holder in the world: Arkham appeared first on CoinJournal.

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World Digital Mining Summit: Bitcoin miners embrace efficiency and renewable energy

  • Bitcoin mining is at the heart of the digital gold rush and it is a critical process that underpins the entire cryptocurrency ecosystem.
  • Bitcoin miners validate transactions, secure the network, and, in the process, earn newly minted Bitcoin.
  • The World Digital Mining Summit (WDMS) stands as a beacon of innovation and collaboration within this dynamic space.

The recent World Digital Mining Summit (WDMS) witnessed a groundbreaking moment for the Bitcoin mining industry as Bitmain, a prominent player, unveiled its highly anticipated Antminer S21 and S21 Hydro ASIC miners. These state-of-the-art mining machines have set new industry standards for both performance and energy efficiency.

The Antminer S21 boasts an impressive hashrate of 200 TH/s and an extraordinary efficiency rating of 17.5 J/T (joules per terahash), while the S21 Hydro delivers a remarkable hashrate of 335 TH/s with an efficiency of 16 J/T. These statistics mark a significant departure from the historical norm where most Bitcoin ASICs operated above the 20 J/T threshold.

What makes these ASIC miners truly revolutionary is their unwavering focus on energy efficiency. In an environment where electricity costs continue to rise, the Antminer S21 series presents a glimpse into the future of Bitcoin mining. It’s a future where miners can optimize their operations for maximum output while consuming minimal energy, reflecting the industry’s commitment to sustainability and cost-effectiveness.

Efficiency advancements and sustainability:

One of the key trends that emerged at WDMS was the integration of renewable energy sources into Bitcoin mining operations. This trend is driven by two crucial factors: the relentless increase in electricity costs and the impending Bitcoin supply halving scheduled for April 2024.

Miners are acutely aware of the need to reduce operational expenses to maintain profitability. Rising electricity costs have prompted them to seek sustainable energy solutions. By incorporating renewable energy sources like solar and hydroelectric power, miners aim to mitigate the impact of escalating energy bills and ensure the long-term viability of their operations.

Renewable energy integration isn’t just about immediate cost savings; it aligns with a broader commitment to environmental responsibility. In a world increasingly focused on sustainability, miners view renewable energy as a strategic imperative for ensuring profitability and industry longevity.

Upcoming Bitcoin Halving pose some challenges

The looming Bitcoin supply halving represents a formidable challenge for miners, as it halves their block reward distribution. To address this challenge, miners have two pivotal choices: increasing their reliance on sustainable energy sources or making efficiency improvements to their ASIC fleets.

These strategic decisions will determine their ability to adapt to the evolving mining landscape, where efficiency and sustainability are key.

In conclusion, the WDMS showcased an industry in transition, with Bitcoin miners embracing efficiency-focused innovations and renewable energy integration. This commitment to sustainability and environmental responsibility reflects the industry’s adaptability and resilience. As the Bitcoin mining ecosystem evolves, it does so with a clear focus on efficiency, profitability, and a greener future.

The post World Digital Mining Summit: Bitcoin miners embrace efficiency and renewable energy appeared first on CoinJournal.

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BTC to $30K? Glassnode Founders Think So; XRP, LINK, and QUBE Poised for Monumental Rise

The crypto market is stirring with excitement after Glassnode founders made a bold prediction regarding Bitcoin’s future price trajectory. According to the founders of this top analytics firm, Bitcoin could soon potentially reach $30,000, which has sparked discussions and heightened enthusiasm. Additionally, other top altcoins making waves in the crypto landscape are Ripple ($XRP), Chainlink ($LINK), and InQubeta ($QUBE), which are poised for a monumental rise.

This article will delve into the bullish price prediction of Bitcoin. Further, it will explore the promising trajectory of $XRP, $LINK, and $QUBE, including why they are the best cryptos to invest in.

InQubeta ($QUBE): predicted strong surge in 2023

InQubeta and its native utility token, $QUBE, have generated significant interest in the crypto community. With its innovative ecosystem and novel concept, it aims to transform the most disruptive invention of this century: artificial intelligence (AI). By leveraging blockchain technology, it will become the first crowdfunding platform for AI startups via crypto and will democratize access to the AI market. This revolutionary move has seen it raise over $3.1 million in presales, making it poised for a monumental rise after its launch.

Within its mutually beneficial ecosystem and NFT marketplace, AI startups can raise funds by minting investment opportunities, which will be tokenized as NFTs. On the other hand, by fractionalizing these NFTs backed by real-world AI investment, investors will be able to hold stakes in promising AI ventures regardless of their income. Other appeals of the token, which will contribute to its rally, include its governance function and staking mechanism. Token holders will be able to stake their tokens in exchange for rewards while also exercising voting rights.

The ongoing $QUBE presale is currently at stage 4, priced at just $0.0133 per token. It has been tipped as a good investment thanks to its innovation and significant growth potential. According to forecasts, it will soar by 30x in the coming months.

Bitcoin ($BTC): bullish Glassnode forecast

Bitcoin is at the heart of the recent frenzy in the crypto market after the Glassnode founders’ bold forecast. This leading on-chain market intelligence’s prediction of Bitcoin reaching $30,000 has captured the attention of investors.

As an authority in the crypto scene, this prediction is likely backed by on-chain metrics and historical patterns. The crypto community will be a spectator to how this prediction unfolds in the coming weeks. Nevertheless, Bitcoin is still the best crypto to invest in.

XRP ($XRP): transforming the financial system

$XRP is the utility token of Ripple, a payment protocol. Its traction in the crypto market has seen it become one of the top 5 cryptocurrencies by market capitalization. The waning influence of the SEC on its price and the growing adoption by payment services and financial institutions make $XRP poised for a significant surge.

Hence, $XRP is one of the tokens to look to for immense growth in the coming months. This is thanks to its solid fundamentals and increasing adoption.

Chainlink ($LINK): enabling interaction with real-world data

Chainlink ($LINK) is a blockchain abstraction layer. It enables universally connected smart contracts via an Oracle network. Through a decentralized Oracle network, Chainlink allows blockchains to securely interact with external data or off-chain information. Chainlink plays a critical role in enabling smart contracts to interact with real-world data.

Its growing adoption positions it for substantial growth. Moreover, Chainlink has exhibited resilience amid the turbulent broader market and has also shown strong bullish indicators. Consequently, it is one of the top crypto coins to hold for immense growth.

Conclusion

With Bitcoin stirring excitement within the crypto scene amid its $30,000 bullish forecast, altcoins sharing the spotlight are $XRP, Chainlink, and InQubeta. With these tokens poised for a substantial surge in the future, they represent investment opportunities not to be missed. 

To participate in the novel $QUBE presale that sits at the intersection of innovation and growth, Visit InQubeta Presale or Join The InQubeta Communities.

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