Cryptocurrency News TheBitTimes.com

Key takeaways Bitcoin is trading above $37k as the broader crypto market rallies higher.  Memeinator has now raised more than $1.2 million as its presale attracts more investors. Bitcoin eyes the $40k level Bitcoin, the world’s leading cryptocurrency by market cap, has been performing well over the last few weeks. It has added more than 7% to its value in the last seven days and the price of Bitcoin currently stands at $37,100 per coin. The broader cryptocurrency market has also been rallying, with the total crypto market cap now at $1.4 trillion mark. If the bulls remain in control, Bitcoin could test the $40k resistance level in the short term.  What is Memeinator? Bitcoin and the other major cryptocurrencies have been rallying since the start of the week. With the market experiencing a rally, investors could be looking at new projects and  Memeinator is one to keep an eye on.  Memeinator is a Web3 project that is riding ...

SYS Labs has unveiled Rollux Phase 2, supercharging DeFi with Bitcoin support. Rollux offers a comprehensive suite of DeFi tools and privacy-focused SuperDapp. Syscoin’s architecture and UTXO Bridge boost Web3 scalability and interoperability. SYS Labs, the driving force behind Rollux, has announced the launch of Rollux Phase 2, introducing a powerful suite of decentralized finance (DeFi) tools backed by Bitcoin and Syscoin. This development represents a significant leap in the DeFi universe, enhancing the Web3 ecosystem’s performance and inclusivity. The Rollux Phase 2 Rollux Phase 2 signifies a quantum leap in the DeFi universe, marked by innovation and inclusivity. SYS Labs’ commitment to enhancing the Web3 ecosystem, bolstered by Bitcoin’s security and Syscoin’s data availability solution, continues to drive the evolution of blockchain technology and decentralized finance. Rollux, an EVM Layer-2 solution, harnesses the s...

Image Source: Twitter / @INTERCEDE_ Bitcoin futures open interest at the Chicago Merchantile Exchange (CME) has surged to near all-time highs at 21%, which indicates growing institutional participation in BTC futures. According to a recent report by Arcane Research, institutional participation in BTC futures has been increasing since the start of the year amid a rise in crypto prices. Furthermore, Bitcoin futures contracts have started trading at a premium to the spot market, the first time this has happened since the fall of FTX. "The strong start to the year has been backed by growing institutional participation in BTC futures," Arcane said, adding that CME’s share of the total open interest in BTC futures currently sits at 21%. CME’s market dominance has been higher than this level only in October and December 2021.  The rise in open interest in BTC futures on the CME exchange comes as cryptocurrencies have started the year with a strong...

Source: Weyo/Adobe Brazil and Argentina are mulling the co-creation of a common currency – but bitcoiners have suggested they adopt bitcoin (BTC) instead. Over the weekend, the Financial Times reported that ministers in the nations said the proposed currency would “at first run in parallel with the Brazilian real and Argentine peso.” Brazilian policymakers have suggested calling the new currency the “sur” (meaning “south”), and claimed the currency “could boost regional trade and reduce reliance on the USD.” The plan was confirmed in a Perfil article jointly penned by Alberto Fernández and Luiz Inácio Lula da Silva, the respective presidents of Argentina and Brazil. But bitcoiners have suggested doing away with fiat altogether. They suggest skipping the entire currency creation process by adopting BTC as legal tender. They suggested this move could benefit all parties from the outset. “The answ...