Author: driver789

Buenos Aires-based Correspondent Pedro Solimano reports from Aleph, a monthlong conference on frontier technology.Four Argentine lawmakers convened in Buenos Aires to champion blockchain and artificial intelligence as the key solution to a lot of Argentina’s problems.One catch: keep the government out of it. “How much power do we want to give the state over our lives?” asked Damián Arabia, a national deputy, during the panel at the month-long Aleph conference on March 11. Another panelist reckoned that the entire political system stands to benefit if blockchain and AI get implemented across the country. Both technologies “have everything to make our…

Key takeaways:Professional traders remain cautious, pricing low odds for a Bitcoin breakout to $78,000 despite recent ETF inflows.US and Israel-Iran war and soft US labor data offset momentum in Bitcoin ETFs.Bitcoin options: 17% chance of breaking $78,000Bitcoin (BTC) reclaimed the $70,000 mark again on Wednesday. However, repeated failed attempts to break above $74,000 over the last five weeks have fueled skepticism. The ongoing US and Israel-Iran war, coupled with disappointing US labor numbers, has only added to the cautious outlook.Traders are now evaluating whether recent inflows into Bitcoin exchange-traded funds (ETFs) signal an imminent bullish breakout.US-listed Bitcoin ETFs daily net…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure On-chain data has identified a massive ETH transfer linked to Ethereum co-founder Jeffrey Wilcke, raising immediate concerns about potential insider selling pressure on the already fragile market. Blockchain analytics platform Arkham Intelligence flagged the large-scale transaction, drawing widespread attention across the crypto community. Ethereum Co-Founder Moves $158 Million In ETH To Kraken On March 7, roughly 79,358 ETH, valued at $158.9 million at the time, was moved from a cluster of wallets linked to Wilcke to Kraken, one of the world’s largest crypto exchanges. The transaction was…

Bloomberg Intelligence senior commodity strategist Mike McGlone, who previously said bitcoin could drop to $10,000, is reiterating his call that bitcoin could still fall below that level, an outlook several market analysts said would require an extreme macroeconomic shock.In an interview with EllioTrades, McGlone said the crypto bear market may not be over and warned that bitcoin could remain vulnerable if global risk assets reprice sharply.McGlone’s forecast was met with rebuttals from several market analysts who said that while they agree a further downside for bitcoin BTC$69,593.87 is possible, a drop to $10,000 would likely require an extraordinary global liquidity…

Arthur Hayes is still structurally bullish on Bitcoin. He just does not think now is the moment to buy. Speaking on the Coin Stories podcast on March 10, the BitMEX co-founder and Maelstrom CIO said he would stay patient until a more familiar macro catalyst arrives: central bank liquidity. In Hayes’ telling, a prolonged Iran war and the credit stress that could follow from AI-driven economic disruption may ultimately force the Federal Reserve back into money printing, and that, rather than the conflict itself, is the signal he is waiting for. “If I had $1 to invest right now, would…

Ethereum is seeing a growing divergence between the level of activity on the network and spot prices, suggesting that transactional activity alone isn’t driving demand for Ether.Ethereum network activity has been reaching record highs, according to CryptoQuant, including active addresses, token transfers, and smart contract calls.Total active addresses spiked to over 1.1 million in February, more than double the prior-year period, while token transfers topped a million in March, up from around 750,000 in December, according to CryptoQuant data.Smart contract and automated protocol token transfers have also climbed to record levels, reflecting the growth of decentralized finance (DeFi), stablecoins, automated…

The IBD Process Synchronizing a new node to the network tip involves several distinct stages: Peer discovery and chain selection where the node connects to random peers and determines the most-work chain. Header download when block headers are fetched and connected to form the full header chain. Block download when the node requests blocks belonging to that chain from multiple peers simultaneously. Block and transaction validation where each block’s transactions are verified before the next one is processed. While block validation itself is inherently sequential, each block depends on the state produced by the previous one, much of the surrounding…

Binance is raising the temperature over a slew of negative reports on its compliance practices — even as more keep pouring in. The crypto industry’s largest exchange filed a defamation lawsuit against The Wall Street Journal on Wednesday over the newspaper’s reporting in February that Binance fired employees after they uncovered $1.7 billion in crypto tied to sanctioned entities had flowed through the platform. The lawsuit seen by DL News alleges that the Wall Street Journal planned its reports with “hatred” and “ill will,” and that the outlet rushed out a “clickbait” version of the story to beat competing news…

Michael Saylor’s Strategy (MSTR) may reach the 1 million Bitcoin (BTC) milestone faster than expected, potentially overtaking BlackRock in total holdings.Key takeaways:STRC share sales have generated cash to acquire over 3,500 BTC so far this week.Strategy’s implied buying power could rise to roughly 5,700 BTC per day at Tuesday’s record pace.Strategy’s BTC holdings over time. Source: BitBo.IORising STRC demand implies 1,940 BTC of daily buying powerStrategy currently holds 738,731 BTC, including the 17,994 BTC purchase announced on Monday. Meanwhile, BlackRock’s iShares Bitcoin Trust (IBIT) holds 775,156 BTC, or roughly 36,500 BTC more than Strategy today.But a relatively new instrument, Strategy’s…

Data from on-chain analytics firm Santiment shows that Ethereum now has more than three times the number of holders as Bitcoin, showing the network’s broader adoption even as traders closely monitor ETH’s price. Summary Santiment data shows Ethereum has over 182 million non-empty wallets, compared with roughly 58 million Bitcoin wallets, giving ETH more than three times as many holders. Ethereum surpassed Bitcoin in total holder count in 2019 and has continued expanding its lead, reflecting broader usage across DeFi, NFTs, stablecoins and on-chain applications. Some analysts say Ethereum is entering a “discount zone” near $2,000, with traders watching whether…