As someone who has closely followed the cryptocurrency market for the past few years, I find the recent trend in Bitcoin trading quite intriguing. The Bloomberg News article sheds light on the fact that optimistic traders are reining in their bets on Bitcoin due to the waning influence of significant driving forces – robust inflows … Read more
As a seasoned financial analyst with extensive experience in Wall Street, I believe Morgan Stanley’s decision to allow its brokers to actively recommend Bitcoin ETFs to clients represents a pivotal moment for the industry. This shift comes in response to the surging demand for these investment products and the recent SEC approval of 11 spot … Read more
Federal prosecutors in the United States have filed charges against Keonne Rodriguez and William Lonergan Hill, the creators of Samurai Wallet, a Bitcoin wallet and mixing service. They are accused of plotting to launder money. This move underscores the US government’s determination to bring criminal proceedings against crypto platforms suspected of enabling illicit activities and … Read more
Approximately $7 million worth of XRP is currently secured in the automated market makers (AMMs) that have recently been introduced on the XRP Ledger, as indicated by statistics from the decentralized finance (DeFi) analysis tool DeXfi. Vet, a dUNL validator and co-founder of the NFT marketplace xrpcafe on the X platform (previously known as Twitter), … Read more
Shiba Inu ($SHIB), the cryptocurrency that gained popularity through memes, has experienced a 15% increase in value over the last week as the larger cryptocurrency market recovers. Experts are growing more positive about Shiba Inu’s prospects. According to data from a top blockchain analysis company, CryptoQuant, Shiba Inu (SHIB) tokens held on centralized cryptocurrency exchanges … Read more
People looking to invest in Ethereum (ETH), the second largest cryptocurrency, through exchange-traded funds (ETFs), might have to be patient for longer than expected. However, despite this setback, Standard Chartered, a well-known investment bank, remains optimistic about the future of the crypto market. According to a report from CoinDesk, the bank has changed its anticipated … Read more
Large-scale investors in cryptocurrencies, often referred to as “whales,” have been buying up approximately half a billion dollars’ worth of Ethereum ($ETH) over the past few weeks. Based on information from the widely used on-chain analysis platform Lookonchain, significant cryptocurrency investors, referred to as “whales,” have been acquiring large amounts of the second most common … Read more
In simpler terms, the Blockchain Association is a business group located in Washington, D.C., focusing on cryptocurrency and blockchain industry representatives such as tech entrepreneurs, investors, and developers. Their goal is to influence policy and regulations that encourage innovation and the long-term success of the crypto and blockchain field. They achieve this through lobbying for … Read more
A recent Bloomberg News article brought attention to a burgeoning development in the hedge fund sector: an escalating fascination with memecoins. The article noted that the unique appeal of these highly unpredictable digital currencies has become too enticing to resist for certain hedge funds, as they aim to reap significant profits through their speculative nature. … Read more
On October 15, 2021, Jack Dorsey, the Co-Founder, Chairperson, and CEO of Block, Inc (NYSE: SE), previously known as Square, started a discussion on Twitter about creating a Bitcoin mining system. This proposed system would utilize custom silicon and open-source technology, making it accessible to individuals and businesses worldwide. Dorsey suggested an approach akin to … Read more