Blockchain

With bitcoin hitting new highs, it’ll likely reach the US$100,000 milestone before 2024 is out

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Wednesday, March 13, 2024

Bitcoin has just hit an all-time high of more than US$72,000 (£56,300), pushing past the level of circa US$69,000 where it turned back during its last bull phase in late 2021.

Key Points: 
  • Bitcoin has just hit an all-time high of more than US$72,000 (£56,300), pushing past the level of circa US$69,000 where it turned back during its last bull phase in late 2021.
  • This can often be a time when cryptocurrencies get weaker, so it shows how strong they have been lately.
  • So what has contributed to this explosion in prices and where is the market going for the rest of 2024?

Bitcoin ETFs

  • A total of 11 bitcoin ETFs were approved in the US, and their daily trading volume has now exceeded US$10 billion – driven by frontrunners Blackrock and Fidelity Investments.
  • This demonstrates the large interest from traditional market participants, and as the spot ETFs become more mature, their providers will offer more promotional material and education to get more customers onboard.
  • The cryptocurrency market is always adapting and innovating, and one possible future innovation is the offer of option contracts on the new spot ETFs.
  • However, US regulator the Securities and Exchange Commission (SEC) has just postponed a decision on this innovation until late April.

The bitcoin halving

  • The last halving took place in May 2020, where miners went from receiving 12.5 bitcoin for each unit of work they do to 6.25 bitcoin.
  • Because each halving means less new bitcoin coming on to the market, they have coincided with strong price appreciation in the cryptocurrency.
  • One theory is that the institutions behind the spot ETFs are buying aggressively now because they know there will be less bitcoin on the open market once the halving takes place.

Ethereum prospects

  • Meanwhile, the crypto market could also be boosted by spot ETFs for the ethereum cryptocurrency system in the coming months.
  • While that uncertainty continues, ethereum could be boosted by the so-called Dencun upgrade (also known as Duncan or EIP-4844).
  • Ethereum has competition from other blockchains such as solana and avalanche due to its relatively slow transaction speed and high costs.

Where next

  • The market is very volatile, and often exceeds expectations when it goes up or down.
  • However, the majority of commentators expect crypto prices to keep rising over the coming months.


Andrew Urquhart owns some cryptocurrencies.

Coinsilium Group Limited: Advisory Agreement Signed with Global Trade Exchange Platform LC Lite

Retrieved on: 
Wednesday, March 13, 2024

London, UK, 20 February 2024 - Coinsilium Group Limited (AQSE: COIN) (OTCQB: CINGF), the Web3 advisor, venture builder and investor is pleased to announce it has signed an agreement with global trade exchange platform LC Lite (“LC Lite”) for strategic advisory services in respect of their forthcoming token launch.

Key Points: 
  • London, UK, 20 February 2024 - Coinsilium Group Limited (AQSE: COIN) (OTCQB: CINGF), the Web3 advisor, venture builder and investor is pleased to announce it has signed an agreement with global trade exchange platform LC Lite (“LC Lite”) for strategic advisory services in respect of their forthcoming token launch.
  • LC Lite will also be well positioned to capitalise on emerging business opportunities from within the fast-growing digital asset market.
  • Additionally, Coinsilium will facilitate introductions for LC Lite to potential partners drawn from Coinsilium’s extensive network of major service providers and cryptocurrency firms.
  • Note that this agreement is unconnected with the previous advisory agreement with LC Lite announced on 1.11.18 and reflects the long-standing relationship between Coinsilium and LC Lite.

EQS-News: Advanced Blockchain AG: Value of group’s top ten portfolio holdings increases by 45%

Retrieved on: 
Wednesday, March 13, 2024

Total value of the group’s top ten holdings up to €57.5million (FY 2023: €39.65 million)

Key Points: 
  • Total value of the group’s top ten holdings up to €57.5million (FY 2023: €39.65 million)
    21 February 2024 – Advanced Blockchain AG (“AB”, Scale Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6), a leading incubator, architect and investor for the blockchain industry, has significantly increased the value of its 2023 portfolio.
  • This corresponds to an increase of 45% compared to May 31, 2023, where the valuation was €39.65 million.
  • This underlines the continuous strategic efforts of Advanced Blockchain AG and its position as an innovation leader in the industry.
  • I am more convinced than ever that Advanced Blockchain will continue to benefit from the success of these companies and capitalize on this momentum.

TRON DAO at MIT Fintech Conference and host Tron Builder Tour MIT Stop

Retrieved on: 
Wednesday, March 13, 2024

Geneva, Switzerland, February 26, 2024 – At the MIT Fintech Conference on February 23, hosted at the MIT Samberg Conference Center, the TRON DAO team made an appearance.

Key Points: 
  • Geneva, Switzerland, February 26, 2024 – At the MIT Fintech Conference on February 23, hosted at the MIT Samberg Conference Center, the TRON DAO team made an appearance.
  • Additionally, the TRON Builder Tour held an event at MIT venue, with over 90 attendees.
  • Highlighting its foray into Bitcoin Layer-2 development, the TRON DAO team discussed this cutting-edge project at the TRON Builder Tour event.
  • Through its active participation in both the MIT Fintech Conference and the TRON Builder Tour, TRON DAO continues to drive forward the blockchain industry, demonstrating a steadfast commitment to innovation, education, and collaboration.

SUN.io Partners with HTX DAO, providing support to the HTX/TRX liquidity sponsorship initiative

Retrieved on: 
Wednesday, March 13, 2024

SUN.io Partners with HTX DAO, providing support to the HTX/TRX liquidity sponsorship initiative

Key Points: 
  • SUN.io Partners with HTX DAO, providing support to the HTX/TRX liquidity sponsorship initiative
    The issuer is solely responsible for the content of this announcement.
  • Singapore, February 24, 2024 - SUN.io has announced a strategic partnership with HTX DAO to empower users and provide support to the HTX/TRX liquidity sponsorship initiative.
  • Through this partnership, HTX DAO intends to contribute 50% of its quarterly liquidity donations received to the HTX-TRX Liquidity Pool (LP), with a minimum of 80% allocated to SUN.io, and the LP tokens will be sent to a zero address.
  • HTX users who wish to opt out of the campaign can return the SUN tokens they hold within a specified timeframe.

EQS-News: Advanced Blockchain AG: Value of Krest tokens has increased by almost 250% in the past 30 days – Krest tokens held by Advanced Blockchain now worth over $5 million

Retrieved on: 
Wednesday, March 13, 2024

peaq joins the Fetch.ai Foundation, an AI and Web3-focused non-profit with a $100 million allocation co-governed by Fetch.ai and Bosch representatives.

Key Points: 
  • peaq joins the Fetch.ai Foundation, an AI and Web3-focused non-profit with a $100 million allocation co-governed by Fetch.ai and Bosch representatives.
  • Earlier this year, Deutsche Telekom, one of Europe’s largest telecom companies, joined the Foundation as its first corporate partner.
  • This is a significant increase compared to the value announced in December 2023 of over $1 million.
  • The price of the Krest token is currently close to 1.30 USD per token which corresponds to an increase of almost 250% in the past 30 days.

EQS-News: Advanced Blockchain AG: Former Cisco Germany CEO Michael Ganser joins peaq Foundation as an Executive ahead of mainnet launch

Retrieved on: 
Wednesday, March 13, 2024

05 March 2024 – Michael Ganser, former CEO of Cisco Germany, has been appointed as an executive of peaq Foundation.

Key Points: 
  • 05 March 2024 – Michael Ganser, former CEO of Cisco Germany, has been appointed as an executive of peaq Foundation.
  • Michael joins at the beginning of a critical growth period for peaq and is a significant value driver for the company."
  • Advanced Blockchain AG is pleased to announce that the peaq team with Michael Ganser will be present at TOKEN 2049 in Dubai next month.
  • Advanced Blockchain remains one of the largest shareholders in EoT Labs GmbH as well as a KREST and PEAQ token holder.

TRON DAO at ETH Denver and Host of TRON Builder Tour Denver Stop

Retrieved on: 
Wednesday, March 13, 2024

Geneva, Switzerland, March 4, 2024 – The TRON DAO team attended ETH Denver, one of the leading events in the blockchain space.

Key Points: 
  • Geneva, Switzerland, March 4, 2024 – The TRON DAO team attended ETH Denver, one of the leading events in the blockchain space.
  • In conjunction with this, the TRON Builder Tour (TBT) ETH Denver event unfolded, drawing enthusiasts into the dynamic world of the TRON ecosystem with an event packed with insights, networking, and more.
  • Feb 28th, the TRON Builder Tour event at ETH Denver offered a deep dive into TRON's ecosystem, featuring tasty treats and food, educational sessions, and networking opportunities.
  • Through its participation at ETH Denver and the hosting of the TRON Builder Tour event, TRON DAO reinforced its dedication to advancing the blockchain industry.

EQS-News: Correction of a release from 21/02/2024, 07:29 CET/CEST - Advanced Blockchain AG: Value of group’s top ten portfolio holdings increases by 45%

Retrieved on: 
Wednesday, March 13, 2024

Correction of a release from 21/02/2024, 07:29 CET/CEST - Advanced Blockchain AG: Value of group’s top ten portfolio holdings increases by 45%

Key Points: 
  • Correction of a release from 21/02/2024, 07:29 CET/CEST - Advanced Blockchain AG: Value of group’s top ten portfolio holdings increases by 45%
    The issuer is solely responsible for the content of this announcement.
  • The current valuation of the top ten portfolio assets by the independent appraiser AVS-Valuation GmbH resulted in a total valuation of €57.5 million as of December 31, 2023.
  • This corresponds to an increase of 45% compared to May 31, 2023, where the valuation was €39.65 million.
  • This underlines the continuous strategic efforts of Advanced Blockchain AG and its position as an innovation leader in the industry.

LBank Exchange Will List Chinu (CHINU) on March 12, 2024

Retrieved on: 
Tuesday, March 12, 2024

LBank Exchange is thrilled to announce the upcoming listing of Chinu (CHINU), an innovative meme coin that makes waves within the cryptocurrency community, especially among Solana blockchain enthusiasts.

Key Points: 
  • LBank Exchange is thrilled to announce the upcoming listing of Chinu (CHINU), an innovative meme coin that makes waves within the cryptocurrency community, especially among Solana blockchain enthusiasts.
  • Chinu brings a blend of charm, utility, and commitment to the blockchain ecosystem, encapsulated in the persona of a loyal and adorable Chinese Chow dog.
  • Beyond its cute facade, Chinu stands out by actively contributing to the Solana network's security and stability.
  • This initiative not only celebrates the intricate artistry of the NFTs but also underscores the project's broader CHINU ecosystem's growth.