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Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

Crypto trader sees best 'altseason' since 2017 as Bitcoin price cools
Crypto trader sees best 'altseason' since 2017 as Bitcoin price cools

Bitcoin and altcoins are projected to reenter bullish upside on longer timeframes, with the signs becoming clear despite consolidatory BTC price action.

Cointelegraph·2024/04/28 11:40
Ethereum (ETH) Soars Above $3.3K, Bitcoin (BTC) Aims for $64K (Weekend Watch)
Ethereum (ETH) Soars Above $3.3K, Bitcoin (BTC) Aims for $64K (Weekend Watch)

SOL, TON, MATIC, ICP, and NEAR have also posted impressive gains over the past 24 hours.

Cryptopotato·2024/04/28 09:13
Google Cloud's Web3 portal launch sparks debate in crypto industry
Google Cloud's Web3 portal launch sparks debate in crypto industry

Google Cloud recently launched a Web3 portal with testnet tools, blockchain datasets, and learning resources for developers, receiving mixed reactions from the crypto industry.

Cointelegraph·2024/04/28 05:10
Flash
  • 12:28
    DTCC decides to no longer provide collateral or loans for ETFs exposed to Bitcoin or other cryptocurrencies
    According to U.Today, the Depository Trust and Clearing Corporation (DTCC) recently decided to no longer provide collateral or loans for exchange-traded funds (ETFs) exposed to Bitcoin or other cryptocurrencies. DTCC plans to make changes to the collateral value of these special securities in its annual credit facility update on April 30. For spot Bitcoin ETFs like BlackRock's IBIT, Fidelity Investment's FBTC and other crypto ETPs, this will result in a 100% reduction in their collateral value. However, cryptocurrency enthusiast K.O. Kryptowaluty believes that this new policy only applies to inter-entity settlements within the credit system. He further explained that the lending and collateralization of crypto ETFs in brokerage activities will continue and will not be affected in any way. However, he pointed out that this depends largely on the risk tolerance of individual brokers. This move may trigger some speculation and concerns among spot Bitcoin ETF investors, who may believe that their investment is no longer valuable. This perception may trigger a large-scale sell-off, resulting in a sharp drop in the asset management scale of the ETF and the value of its underlying cryptocurrency. However, such a decision may also help alleviate the negative interference of Wall Street companies in the growing crypto ETF field. Only time will tell us how investors and other interested parties will turn out.
  • 12:28
    Bitcoin may be in a bearish trend, Josh Olszewicz finds Tenkan/Kijun crossover signal on the daily chart
    According to U.Today, well-known cryptocurrency trader Josh Olszewicz has discovered a Tenkan/Kijun crossover signal on Bitcoin's daily chart, which could signal the beginning of a bearish trend. To calculate the Tenkan Sen, you need to add the highest and lowest prices over the past nine cycles and divide it by two. This line can often serve as a short-term support line in an uptrend, meaning that the price may find some buying interest here. At the same time, it can also serve as a short-term resistance line if an asset is in a downtrend. The Kijun Sen (baseline) is calculated by adding the highest and lowest prices over the past 27 cycles and dividing it by two. This baseline can serve as a medium-term support line. The relationship between these two lines may provide traders with key signals about the current state of the market. The Tenkan Sen line falling below the Kijun Sen line is often seen as a bearish indicator as it shows that the market is succumbing to bearish pressure. However, since the crossover occurs below the Ichimoku cloud, this signal may not be a fatal blow to the bull trend. At press time, Bitcoin is trading at $63,645, according to data provided by Coingecko. U.Today reports that Bitcoin, the largest cryptocurrency at present, has underperformed Ethereum, which has risen by about 6% in the past 24 hours.
  • 12:27
    Io.net's response to the attack conflicted with the reward program snapshot time, so the second season of Ignition Rewards will be launched
    PANews reported on April 28 that Husky.io, Chief Security Officer of Solana Ecosystem DePIN Protocol Io.net, released an update on the io.net metadata API attack this morning. As previously announced, in order to prevent such incidents from happening again in the future, the deployment of zero-trust authentication (OKTA) at the device level has been accelerated, which requires all nodes to restart and update to the latest client. Unfortunately, this conflicts with the snapshot time of the reward program, which means that the expected reduction in supply-side participants has been further exacerbated. Even those real, proof-of-work GPUs that have not been restarted and updated can no longer access the runtime API and send heartbeats to io.net, causing the number of active GPU connections to drop sharply from 600,000 to 10,000. In response to this incident, the second season of Ignition Rewards was launched in May to encourage supply-side participation. We are working directly with suppliers to upgrade, restart, and reconnect to the network. We have fixed security issues and re-enabled self-service clusters, and are now working hard to develop self-service large clusters. The browser is being updated to more clearly show recently connected but unverified devices, devices verified by proof of work, and devices that are both verified and sending active heartbeats. Husky.io said: "There are a lot of bugs to fix, UI improvements to improve, and demand to grow. Despite the many problems, the network is still serving hundreds of thousands of computing hours per month and is still growing. It's early days and there will be bumps in the road."