In a significant move for the global digital asset industry, Bitfinex has officially unveiled its securities tokenization services company, Bitfinex Securities El Salvador S.A. de C.V., in El Salvador.

This strategic initiative positions the renowned exchange as one of the first regulated digital asset service providers in the country, leveraging the country’s progressive regulatory framework for the industry.

The Rise of Bitfinex Securities El Salvador

The groundwork for Bitfinex’s expansion and that of other digital asset companies in El Salvador was laid with the passage of the Digital Assets Securities Law last year. This legislation comprehensively regulates digital asset…

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Renowned analyst “PlanB”, the influential mind behind the Stock-2-Flow (S2F) model, has once again thrown his weight behind bitcoin, making a new case for bitcoin price targets in 2024-2028 cycle.

In latest Plan B bitcoin analysis, the seasoned analyst boldly predicts that bitcoin, already a digital asset with unique scarcity, will surpass the rarity of gold and real estate following the upcoming halving event in April.

In a February 3 X post, PlanB stated that it would be surprising if bitcoin’s current market cap, hovering just below $1 trillion, remains eclipsed by the gold market cap, exceeding $10 trillion, post-halving.

Long-Term Prediction

The analyst contends that the upcoming…

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In recent days, Bitcoin has shown promising signs of recovery, gaining 3.31% in the last week to trade above $43,000. According to a Coinbase Bitcoin 2024 report, this positive momentum is not just a fleeting trend but could pave the way for a significant bullish turn in the second quarter of 2024.

Bitcoin price 1-hour chart since Jan24, 2024 — Source: TradingViewDownside Pressures Diminishing: A Turning Tide

Coinbase analysts highlight a crucial factor in bitcoin’s upward trajectory – the diminishing downside pressures. These pressures, which had been exerting a drag on the Bitcoin market, are becoming exhausted. The completion of FTX’s bankruptcy estate selling 22 million GBTC…

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Cryptocurrency is carving out a future where financial empowerment and innovation go hand-in-hand. Bitcoin, with its $42,999 tag, is not just digital cash; it’s a beacon of autonomy, offering a peek into a future where money moves unhindered by traditional constraints. Ethereum, at $2,299, takes us beyond mere transactions to a realm where financial agreements operate in the code, a true digitization of trust. The landscape is rich with niche potential: Render’s $4.83 price signifies AI’s blockchain synergy, while Sandbox at $0.433 heralds a new era for virtual worlds’ economies. Dogecoin, the underdog at $0.078, brings a lighthearted twist to trading, showing value can also come with a smile. Immutable, priced at $2.12, blends gaming with finance, pioneering a market for digital collectibles. Together, these currencies are not just rewriting the rules of investment; they’re reshaping the very fabric of economic interaction for a borderless, inclusive financial future.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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In a remarkable turn of events in the crypto world, an inactive Ethereum whale that had been dormant for eight and a half years has reemerged by making a substantial transfer of 100 ETH, equivalent to approximately $230,159. This dormant address, which had remained inactive since its creation in July 2015, has caught the attention of the crypto community as it shows activity for the first time in years.

During its awakening, the whale executed transfers, sending 20 ETH to one undisclosed address and 77 ETH to another, both shrouded in mystery. This resurgence follows a recent trend where other dormant Ethereum addresses, including one with 492 ETH worth $1.14 million, became active after prolonged dormancy.

The sudden activity of these major players in the crypto market has raised speculation about potential impacts on Ethereum’s price. Historical data suggests that such movements by large crypto holders often lead to market volatility.

Data

$1M – $10M MarketCap:

1. Gorilla (GORILLA): 72%
2. Meme AI Coin (MEMEAI): 31%
3. Berry (BERRY): 16%
4. Cetus Protocol (CETUS): 11%
5. Script Network (SCPT): 5.4%

$10M – $100M MarketCap:

1. GamerCoin (GHX): 44%
2. Ordiswap (ORDS): 36%
3. Myro ($MYRO): 34%
4. Arcblock (ABT): 27%
5. Alkimi ($ADS): 19%

$100M – $1B MarketCap:

1. MANTRA (OM): 50%
2. PepeFork (PORK): 42%
3. Songbird (SGB): 27%
4. Numeraire (NMR): 8.6%
5. Pyth Network (PYTH): 6.5%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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BIGCAP COINS:

1. Solana: Market Cap of $42.8 Billion.
2. Chainlink: Market Cap of $10.5 Billion.
3. Bitcoin: Market Cap of $846 Billion.

MIDCAP COINS:

1. Jupiter: Market Cap of $775 Million.
2. ZetaChain: Market Cap of $335 Billion.
3. Manta Network: Market Cap of $743 Million.

RISING COINS:

1. PepeFork: Market Cap of $272 Million.
2. Banana Gun: Market Cap of $34.2 Million.
3. MANTRA: Market Cap of $134 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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In a significant development, several newly launched spot Bitcoin Exchange-Traded Funds (ETFs) have surged in the world of finance, now rivaling the largest commodity ETFs in terms of assets under management (AUM). Grayscale’s Bitcoin Trust (GBTC) stands out with an impressive $20.5 billion in AUM, making it the third-largest commodity ETF, closely following two gold ETF giants.

BlackRock’s IShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund also feature in the top ten, demonstrating the growing acceptance and integration of Bitcoin into traditional investment portfolios. This shift reflects a broader recognition of Bitcoin as a legitimate and mainstream asset class.

The approval of Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) earlier this year signifies a pivotal moment, acknowledging Bitcoin as a non-security commodity. This development highlights Bitcoin’s expanding influence and its attractiveness to both retail and institutional investors, solidifying its status in the world of commodities.

Data

Ethereum ushers in 2024 with a whisper of growth that speaks volumes to keen observers. A seemingly small +0.13% increase in January might not turn heads at first glance, yet it’s a subtle nod to Ethereum’s underlying strength. Amidst the ebb and flow of the crypto world, this uptick is a harbinger of stability in an often turbulent market. The journey to Ethereum’s January peak of $2,431 represents more than just numbers—it’s a testament to the platform’s resilience and the enduring faith of its community.

While other assets wrestle with instability, Ethereum’s steady start signals a confident stride into the new year. This quiet confidence is not just a fleeting moment but part of a broader narrative of growth and innovation. For those attuned to the crypto pulse, Ethereum in January is like the first chapter of an intriguing novel, setting the stage for a year that could very well be filled with upward trajectories and technological triumphs.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Bitcoin (BTC) mining faces heightened difficulty, experiencing a remarkable 7.33% increx`ase, marking the most significant surge in 2024. This comes after a 3.90% decrease on Jan. 20, showcasing the challenging dynamics in Bitcoin mining throughout the year. As the countdown to the fourth halving event progresses, less than 11,500 blocks away, the reward for mining BTC is set to halve. The recent difficulty spike propels it to an all-time high of 75.50 trillion, indicating the threshold for a valid block hash. The current collective hashrate holds steady at 536 exahash per second, slightly below the peak of 566 EH/s on Jan. 29, 2024. Examining block discovery metrics reveals Foundry USA and Antpool collectively dominating over 60% of Bitcoin’s hashrate. Foundry USA leads with 31.94%, contributing 173.53 EH/s, followed closely by Antpool with 29.30%, holding 159.17 EH/s. The next mining difficulty retarget is scheduled for Feb. 15, 2024, emphasizing ongoing challenges and shifts in the Bitcoin mining landscape.

Data