DeFi News Daily Official TheBitTimes.com

According to sources familiar with the banks, Bank of America’s Merrill Bank and Wells Fargo are now offering Bitcoin ETFs to their wealth clients. These ETFs offer clients and investors working with the banks to invest directly in Bitcoin, further showing the cryptocurrency’s growth in acceptance. JUST IN: Wells Fargo & Bank of America's Merrill begins offering #Bitcoin ETFs to clients. — Watcher.Guru (@WatcherGuru) February 29, 2024 The Banks are first offering the approved ETF products to some wealth management clients with brokerage accounts who request the products. The decision comes over a month after Spot Bitcoin ETFs were approved by the Securities and Exchange Commission. The Spot Bitcoin ETFs have been performing extremely well since launch. During this week, trading volume for all the products combined on the market exceeded $3 billion daily. Other banks are also considering adding the products to their array of offerings, most recently includi

Feb 29, 2024 at 13:28 // Price Author Coin Idol The price of Cardano (ADA) is trading above its moving average lines. Cardano price Analysis by Coinidol.com. Long-term forecast for the Cardano price: bullish Since February 20, the altcoin has failed to surpass its last price of $0.64. Buyers tried to push the altcoin above its recent high but were rebuffed at $0.65. Following the latest rejection, the cryptocurrency has retraced above the 21-day SMA. If the 21-day SMA support holds, Cardano will continue to trade sideways above the moving average lines. The

Russia’s Finance Ministry along with the Central Bank of Russia will propose several new financial initiatives to BRICS. The proposal aims to improvise and change the international monetary and global financial system as we know it. Russia will particularly focus on creating a new digital BRICS Bridge payment platform which will be a multisided option to the US dollar. The development is currently in draft and could be proposed at the next summit in October 2024. Also Read: 25 Countries On The Waitlist To Join BRICS The proposal will not only create a new BRICS digital platform but will also contain a set of financial initiatives and recommendations. The multisided digital payment platform aims to grow as an alternative settlement without the need for the US dollar. Russia will take the first step of de-dollarization by convincing the bloc to accept a new BRICS Bridge payment platform. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar

A former New York cop and alleged pedophile has described Sam Bankman-fried as the “least physically intimidating person,” in a letter pleading for the disgraced former FTX chief to be handed a light sentence. Writing to US district judge Lewis Kaplan, who is overseeing SBF’s sentencing, Carmine Simpson, who is currently incarcerated alongside Bankman-Fried, claimed, “I have had the honor to have gotten to know Sam over the past six months.” He added, “Sam is the most selfless person that I have ever had the privilege to meet,” and claims that “the world would be better with Bankman-Fried out of jail.” He then reasons that “incarceration would serve no benefit.” According to Simpson, one of the biggest “examples of Sam’s character” is that he has remained committed to his vegan diet of “ undercooked rice, a scoop of disgusting-looking beans, and week-old brown lettuce .” The letter also details how he has become a target of “hazing, harassment, and assault more so than the avera

Justin Sun recently took to X (formerly Twitter) to brag about how much of his personal wealth he stores on his cryptocurrency exchange , HTX . The image he provided seems to claim that he currently has 28,613 Bitcoin on the platform, worth about $1.7 billion. However, the HTX ‘proof of reserves’ dated February 1 appears to show that HTX had a total of 21,651 bitcoin, approximately three-quarters of the amount that Sun claims to hold on the exchange. HTX provides a tool that can be used to verify the results of the proof of reserves process. The ‘snapshot’ included lists the addresses considered for this analysis. The addresses that exist on Bitcoin that are disclosed in this snapshot are: 143gLvWYUojXaWZRrxquRKpVNTkhmr415B, which has a balance of approximately 1,094 bitcoin. 12qTdZHx6f77aQ74CPCZGSY47VaRwYjVD8, which has a balance of approximately 8,970 bitcoin. 1HckjUpRGcrrRAtFaaCAUaGjsPx9oYmLaZ, which has a balance of approximately 15 bitcoin. 1LXzGrDQqKqVBqxfGDUyhC6rTRBN5

PEPE price rose more than 50% to lead top meme coins Dogecoin and Shiba Inu. The frog-themed meme token is now above Solana-based Bonk in market cap. Pepe (PEPE) has had the most bullish reaction to Bitcoin’s massive spike on Monday. The meme coin, which had taken a backseat as Solana-based meme tokens stole the show in late 2023, has overtaken Bonk (BONK) into third spot among largest meme coins by market cap. PEPE is outpacing Dogecoin (DOGE) and Shiba Inu (SHIB), the top two meme coins that have posted 24-hour gains of 12% and 14% respectively. Pepe (PEPE): Is the frog token back? Dogwifhat (WIF) and Floki (FLOKI) have registered 43% and 35% each in the past 24 hours, still off Pepe’s big move. PEPE has gained as on-chain metrics suggest a resurgence for the frog meme. In the past week, the token’s holders count has increased from 155,735 on February 24 to over 157,600 on February 27. New holder have increased by nearly 2,000 in just three days. Int

The Pyth Network price has pumped 42% in the last 24 hours to trade at $0.7417 as of 4:50 a.m. EST on trading volume that surged 747% to $533 million. This comes as the Pyth Network partners with the HBAR Foundation, an entity committed to fostering the expansion and advancement of Hedera’s ecosystem, to incorporate Pyth Price Feeds into the Hedera Network. Today, we are excited to reveal a partnership with the @HBAR_foundation to bring all 400+ Pyth Price Feeds to @hedera 🔮 HLiquity is the first DeFi application on Hedera to be Powered by Pyth. Learn more about this launch below: ℹ️ About the HBAR Foundation The HBAR… pic.twitter.com/dRbFRwgpBG — Pyth Network 🔮 (@PythNetwork) February 26, 2024 Pyth Network says that these price feeds will enable the Hedera developers to create secure DeFi applications. Additionally, individuals on Hedera can readily access the latest prices through the Pyth Price Feeds’ Pull Oracle design. Pyth Network Price Sustains Bullish Momentum Abo

As the majority of assets in the cryptocurrency sector are making significant strides that have pushed its total market capitalization back above $2 trillion, its representative, Bitcoin (BTC), is leading the charge with the highest price since December 2021 and more massive gains incoming. Indeed, at $1.11 trillion, Bitcoin alone accounts for nearly half of the industry’s market cap and is on the “ parabolic trajectory ” toward its price hitting $200,000 rather soon, according to the observations shared by crypto and stocks analyst Gert van Lagen in an X post published on February 27. Specifically, van Lagen explained that the flagship decentralized finance (DeFi) asset has been on this bullish trajectory since November 2022, following all of the five steps, i.e., “subwaves,” historically consistent with its previous parabolic moves, and toward a sell point at $210,000 after its next halving. Picked for you $1,000 invested in Bitcoin (BTC) at start of 2024 returned

VeChain VET is one of many Altcoins that have been on a surge in the past 24 hours. At press time, VET is trading at $0.04969. In just the past week, the trading volume for the coin has risen by 42.0% as well. Multiple factors may be affecting the altcoin market currently. Here’s a breakdown of why VET in particular has been soaring in the past day. VeChain VET Gets a Boost From Bitcoin Source: Binance Academy As mentioned previously, the entire altcoin market has seen a boom in the past week. Today, in particular, VeChain and other altcoins are seeing a boost primarily due to the ongoing Bitcoin rally. Over the last 24 hours alone, BTC is up almost 6% and is currently trading north of $54,000. As a result, Bitcoin is pumping into the entire cryptocurrency market, including Altcoins such as VET . Crypto investment products saw inflows of almost $600 million last week, and the hype around the market is currently bullish. Also Read: BTC Climbs Above $54,000: Why i

The Rich Dad Poor Dad author Robert Kiyosaki is a vocal proponent of gold, silver, the commodities market, and Bitcoin. The author doesn’t miss an opportunity to talk about the king cryptocurrency and urges his followers to buy and accumulate BTC. He believes that the Central Bank is making lives harder for the American people with its anti-working class policies. The only investment that can bring in financial freedom, according to him is gold and Bitcoin. Also Read: Shiba Inu Predicted To Reach 50 Cents: Here’s When Considering that Kiyosaki is a BTC thumper, how many of the king cryptocurrency does he own himself? In this article, we will highlight how many Bitcoins the best-selling author Robert Kiyosaki owns. Bitcoin: How Many BTCs Does Robert Kiyosaki Hold? Source: Finbold Robert Kiyosaki currently owns 66 Bitcoins and the author says that he could make a fortune with it. “I’m going to make a fortune. I only have 66 Bitcoin – it’s not many – but when they opened u

New research from crypto data aggregator CoinGecko shows that airdropped tokens tend to print their record highs within weeks after the airdrop date.  In a new report, CoinGecko looked at the price action of tokens that were part of the largest airdrops between January 1st, 2020 and February 20, 2024 to find out the number of days it took to achieve peak gains.  The study shows that 23 out of the 50 coins (46%) that were part of the study recorded all-time highs  within two weeks after launch. The 23 coins generated returns ranging from 37% to 425%. “This suggests that the best time to sell airdrop tokens may be within 14 days of receiving them, in order to take maximum profits.” Of the 23 crypto assets, 16 recorded peak gains between day two to 14 after the airdrop date. The remaining seven hit record highs on the day of the airdrop but were unable to recover after.  CoinGecko says the data suggests that airdropped tokens are likely to witness peak interest sh

The Pangolin price skyrocketed 241% in the past 24 hours to trade at $0.3429 as of 7:40 p.m. EST on trading volume that surge 248% to $69 million. The Pangolin Price Breaks Above The Consolidation Channel PNGUSDT Analysis by Tradingview The Pangolin price has broken above the prolonged consolidation channel between $0.05985 and $0.1660 as the bulls found anchor support to fly the price to $0.4886 resistance. However, sellers were quick to take profit, causing PNG to fall to the $0.2214 level, approaching the upper boundary of the consolidation channel. Despite facing resistance at $0.4886, the bulls show resilience, reclaiming control near the $0.2214 zone and rallying back in a sustained bullish trend, allowing the price to surpass the $0.2726 resistance. The price currently trades above the 50-day and 200-day Simple Moving Averages (SMAs), indicating strong bullish momentum. This convergence of moving averages adds weight to the positive trend. The Relative Strength Index (R

A popular crypto trader believes one recently launched gaming altcoin has a lot of upside potential. The pseudonymous analyst known as Altcoin Sherpa tells his 207,800 followers on the social media platform X that the Web3 gaming altcoin Pixels (PIXEL) will likely bounce from its current value. “PIXEL: I think this is a good trade but one you should take with spot. The reason is that I am fairly confident this will do pretty well; most new coins are doing so (low float/market-makers will pump/etc). It’s also a Binance launchpad project so I expect good things. However, more downsides are certainly possible so you should be able to eat a drawdown, something that’s hard for most people to do while levered up. I think you just buy spot here, DCA (dollar cost average) down lower and then wait a week or two and sell it way higher. One where there are difficult entries/exits, maybe $0.49 again.” Source: Altcoin Sherpa/X Looking at the trader’s chart, he suggests that

The cryptocurrency sector is rarely dormant. In a new development, an X handle by the name of Myles G Investment shared an interesting story outlining his father’s bold move concerning Ripple ’s native token XRP. Discussing it in length on X, Myles G Investment shared how his father liquidated a whopping $800,000 to invest in Ripple ’s XRP.  Dubbed a move that is rather bold and powerful, Myles contended that the community should seek inspiration from his father’s unhinged admiration and faith for XRP.  Also Read: Ripple XRP: Machine Learning AI Predicts Price for March 1, 2024 Ripple: Man Liquidates $800,000 to buy XRP The crypto Twitter community is always brimming with significant investment stories. One such story caught the attention at X, where a man reportedly sold his residential property to buy XRP.  Myles G Investment, a profile on X, caught the attention of the users when he shared how his father invested $800,000 in Ripple ’s token XRP.  my Dad sold his $

Ripple ’s XRP token has faced a 1.1% correction in the daily chart and a 0.2% correction in the weekly. However, the asset is still up by 6.2% in the 14-day charts and 2.7% over the previous month. Moreover, XRP’s price has surged by over 39% since February last year. Despite a market turnaround earlier this month, XRP has struggled to break the $0.55 resistance level. Source: CoinGecko Also Read: Ripple XRP: Will a Spot ETF Push The Asset To $5? According to the machine learning algorithm at PricePredictions, Ripple ’s XRP token will continue to trade at $0.55 on Mar. 1, 2024. However, the platform anticipates the token to rise to $0.57 by the second half of March, an increase of about 5.5% from current levels. Changelly, on the other hand, is more bullish on XRP. The platform predicts XRP to reach $0.670364 on Mar. 1, 2024, a rise of over 24% from current levels. Moreover, Changelly anticipates XRP to hit $0.716885 within the first week of March, an increase of around 31.