Author: dfmines

Cryptocurrency News and Public Mining Pools

Shiba Inu Ecosystem Blooms: BONE Jumps 44% With $3 Target In Sight

Bone ShibaSwap (BONE), a token within the Shiba Inu ecosystem, has showcased remarkable resilience amidst a predominantly bearish market. Despite the downward trend, BONE has emerged as a top performer, catching the attention of community analyst SHIB Knight, who predicts further gains and a potential price target of $3. Related Reading: XRP Price On The Crosshair As Trading Begins On US-Backed Exchange SHIB Knight, a respected analyst within the Shiba Inu community, has been closely monitoring BONE’s performance and recently shared an update on the token’s outlook. Despite a previous failed breakout attempt, SHIB Knight remains optimistic, highlighting a chart that suggests BONE is now better positioned for an anticipated bullish breakout. $BONE is having a nice pump rn. It will pump more! 🔥🚀 https://t.co/ao3YvsrJzS pic.twitter.com/P7HbIDVkmk — $SHIB KNIGHT (@army_shiba) March 18, 2024 At the time of writing, BONE has experienced an impressive surge, with its price skyrocketing from a low of $0.87 to a high of $1.09. This surge represents a significant 44% gain in the monthly timeframe, accompanied by a substantial 60% increase in trading volume compared to the previous day. BONE rallies in the monthly timeframe. Source: Coingecko. A Relative Strength Index (RSI) of 65 indicates that the Shiba Inu BONE Token is in a bullish trend and is seeing increased trading volumes after a spectacular 30-day rally. BONE is currently trading at $0.84. While BONE’s current price hovers around $1.09, SHIB Knight has set a target price of $3, anticipating a potential 150% rally for the token. It is worth noting that the memecoin is currently down almost 98% from its all-time high in 2021, which implies ample room for growth. SHIB market cap currently at $14 billion. Chart: TradingView.com The limited exposure of BONE among major centralized crypto trading platforms may have contributed to its slower price gains compared to the ecosystem’s leading token, SHIB. Currently, BONE is listed on platforms such as OKX and Gate.io, while notable exchanges like Binance, Coinbase, KuCoin, and Bybit have yet to support its trading. I expected $BONE to breakout of the channel, but it failed last time. Breakout will happen sooner or later. Target is around $3 pic.twitter.com/YJRRyST8kE — $SHIB KNIGHT (@army_shiba) March 17, 2024 To address this limitation, leaders of the Shiba Inu community have rallied their members to campaign for BONE’s listing on Binance, one of the largest crypto exchanges. They firmly believe that inclusion on such a prominent platform would provide the necessary catalyst for explosive price rallies, potentially propelling BONE to unprecedented levels. Related Reading: Forget Dogecoin, Shiba Inu Set To Become The Top Dog: Expert Predicts $100 Billion Market Cap As demand for the Shiba Inu BONE Token rises and community members work strategically to achieve its listing and increase its market visibility, this positive momentum has raised investor intrigue about the token’s ability to cross the $3 threshold before the end of March. Despite the inherent risks, the recent price surge of BONE and the optimistic outlook from SHIB Knight have generated excitement within the Shiba Inu community. Traders and enthusiasts will be closely monitoring BONE’s performance in the coming days, eagerly awaiting signs of a breakout and the potential for significant gains. Featured image from Tara Winstead/Pexels, chart from TradingView

Hong Kong Launches Second Phase of Its CBDC Pilot Program

The Hong Kong Monetary Authority announced the launch of the second phase of the pilot of its CBDC, the digital Hong Kong dollar (e-HKD). This new phase will focus on furthering the research on already examined use cases for the currency, including programmability and tokenization, and adding new, not previously explored use cases. Hong Kong […]

64.7% of Top 1,000 Crypto Projects Fail to Showcase Their Team Members

submitted by /u/ohcopfur [link] [comments]

Japan’s $1.5 Trillion Pension Fund To Assess Bitcoin For Diversification

The Government Pension Investment Fund (GPIF) of Japan, the world’s largest pension fund with assets totaling $1.5 trillion, has officially announced its initiative to explore diversification opportunities that include Bitcoin, alongside traditional investments such as gold and more unconventional assets like forests and farmland. This exploration marks a monumental potential pivot in the investment strategy of a fund traditionally associated with more conservative asset classes. Japan GPIF Seeks Information On Bitcoin According to a Bloomberg report dated March 19, 2024, GPIF is in the initial phase of this exploration, focusing on an information request stage rather than signaling an imminent expansion of its investment portfolio. The fund currently diversifies its holdings across a vast array of assets, including domestic and international stocks and bonds, infrastructure, and real estate. With assets under management valued at approximately 225 trillion yen as of the end of December 2023, the GPIF’s interest in Bitcoin and other illiquid assets underscores a notable shift towards broadening its investment aperture. Related Reading: Profit-Taking Panic, Short-Term Bitcoin Holders Sell Off – What’s Next For BTC? The GPIF stated, “In addition to basic knowledge about the assets targeted for information provision, we are also seeking information on how overseas pension funds incorporate them into their portfolios and actual investment cases.” This reflects a methodical approach to understanding the potential benefits and risks associated with diversifying into less traditional and more volatile asset classes like Bitcoin. Recent years have seen the GPIF actively seeking to enhance the sophistication and diversity of its portfolio. “Since the fall of 2022, a total of 56 active funds have been selected in North American, developed country, and Japanese stocks,” the GPIF noted, highlighting its ongoing efforts to refine its investment strategies. The inclusion of Bitcoin and other non-traditional assets would represent a further step in these diversification efforts. However, the GPIF has cautiously noted, “This announcement is a request for information and does not indicate that the company will expand its investment targets in the future.” This statement clarifies that any decision to incorporate Bitcoin or other proposed assets into its investment strategy will depend on the outcomes of its current research phase. Related Reading: Standard Chartered Predicts Bitcoin At $150,000, ETH At $8,000 By Year-End This move by the GPIF comes amid broader regulatory changes in Japan regarding Bitcoin and crypto investments. Just one month prior to this announcement, Japan’s administration, led by Prime Minister Fumio Kishida, moved to enable investment funds to hold Bitcoin and other cryptocurrencies directly. “The bill states that ‘measures will be taken to add crypto assets to the list of assets that can be acquired and held by investment limited partnerships,’” according to a statement from the Ministry of Economy, Trade, and Industry. The GPIF’s exploration of Bitcoin and alternative assets not only underscores the growing institutional interest in Bitcoin, but is also in line with Japan’s regulatory advances aimed at integrating digital assets into the country’s economic framework. The potential inclusion of Bitcoin in the world’s largest pension fund would be huge news and could have implications for other countries and their investment strategies. At press time, BTC traded at $64,589. Featured image created with DALL·E, chart from TradingView.com

Uber of Asia now accepts Crypto for payment

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Grayscale Investments Submits Revised Application for Spot Ethereum ETF

Grayscale Investments’ Chief Legal Officer announced that the firm has submitted a revised Form 19b-4 for spot Ether exchange-traded funds. The officer, Craig Salm, stated that investors are seeking access to ethereum via a spot Ethereum ETF. Listing on the NYSE Grayscale Investments, a digital asset management firm, recently submitted an amended Form 19b-4 filing […]

Ethereum is poo poo

Not decentralized, been a failed project since the DAO hack. Other coins are better, faster, cheaper. There's nothing going for this premined centralized VC coin other than name recognition. submitted by /u/ModsAreDoreens [link] [comments]

Sending ETH from L1 to and L2 for cold storage, any cons?

want to send eth from hdw wallet to an L2, I mostly hold long term but once in a while I want to swap to stablecoin and the L1 gas fees are just too crazy sometimes that I avoid swapping. any downsides on keeping it in an L2? is security the same as mainnet? I'm…
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Flash Crash on Bitmex Sends Bitcoin Tumbling to $8,900

Bitcoin’s price on Bitmex plummeted to $8,900 in a flash crash late Monday, diverging significantly from the global average price of around $67,400, due to large sell orders on the XBT/USDT pair. Bitmex is investigating the incident, which involved over 850 BTC being sold, causing the dramatic price drop while other exchanges showed prices well […]

Standard Chartered Raises Bitcoin Target: BTC Could Hit $150K This Year, $250K Next Year

Standard Chartered has raised its bitcoin forecast, predicting that the cryptocurrency’s price could reach $250,000 next year and $150,000 this year. The bank also adjusted its ether forecast as it anticipates the approval of a spot ether exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC) in May. Standard Chartered’s Revised Bitcoin Price […]