March 29, 2024

Web and Technology News

Bitcoin hits new all-time high of $72,700 but one index warns we’re in ‘extreme greed’ territory

The crypto scene continues to remain so hot that bitcoin is hitting one new high after another. It surpassed $72,700 on Monday. This was initially driven by the approval of spot bitcoin ETFs, but is now being pushed higher ahead of a “halving” event, w…

Bitcoin highs and dog-focused memecoins spike, while Binance launches a crypto perfume and Coachella partners with OpenSea

Welcome back to TechCrunch Crypto. It was an eventful week: bitcoin’s price hit a new high, Spain’s data protection authority banned Worldcoin and Binance raised eyebrows after making perfume.
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Bitcoin jumped and Coinbase’s app crashed, while Aptos eyes Hong Kong and Telegram rolls out rewards with TON

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Asymmetric Financial has a plan to unlock Bitcoin’s trillion-dollar potential with dedicated DeFi fund

As the digital asset industry picks up steam again, some crypto funds are looking to hone in on specific sectors. Crypto fund Asymmetric Financial is creating its Bitcoin DeFi Venture Fund I to focus on investing in the blockchain’s nascent space with …

As spot bitcoin ETF volumes continue to rise, Bitwise Asset Management predicts a high ceiling for growth

The price of bitcoin hit $50,000 today, a month after the U.S. Securities and Exchange Commission approved 11 applications for spot bitcoin ETFs.
The issuers of those ETFs have seen demand skyrocket beyond initial predictions of a few billion. Assets u…

Akron Energy raises $110M to grow U.S. bitcoin mining capacity, launch AI cloud service in Norway

Akron Energy, a data center infrastructure company, closed a $110 million private funding round to expand its operations, the company’s CEO Josh Payne shared exclusively with TechCrunch.
The round was led by Bluesky Capital Management and included part…

Bitcoin continues climbing, Block releases hardware wallet, Robinhood expands to EU and VCs may see some relief soon

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It seems like there’s a pep in every crypto person’s step as bitcoin had an…