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
The cost of XRP, which is the native currency on the XRP Ledger, has started to recover recently, rising above the $0.50 mark and now trading at approximately $0.55 per token. This improvement follows a long phase of price stability. According to one market expert, the value of XRP could potentially skyrocket by 150%. Analyst … Read more
In October, Bitcoin‘s price broke past its 200-day moving average, signaling a bullish trend, and hit an unprecedented peak of over $73,500 last month. The 200-day moving average is an important signal of long-term trends, and its recent sharp increase suggests robust buying power among investors. This trend is projected to exceed its previous high … Read more
A well-respected cryptocurrency expert, recognized for his accurate calls on the cryptocurrency market bottoms including during the 2018 bear market, has expressed that the price of Solana ($SOL) is primed for a significant price surge. On microblogging site X, which now has over 250,000 followers, the well-known pseudonymous cryptocurrency expert known as Bluntz Capital displayed … Read more
In simple terms, the cost of XRP, the native token of the XRP Ledger, experienced a significant increase of over 6% within a day, coinciding with a substantial rise in the number of large XRP wallets approaching a new record high. Based on information from cryptocurrency analysis company Santiment, there is now an estimated 2,013 … Read more
More recently, Michelle Makori from Kitco News held an enlightening conversation with experienced finance professional and writer, Jared Dillian. Jared Dillian is a renowned financial writer and strategist, with a background as a previous Wall Street trader. He’s celebrated for simplifying intricate investment concepts for the general public, making him a go-to expert in finance. … Read more
Ray Dalio, the founder, chief investment officer mentor, and member of the Bridgewater Associates board, is also identified by these roles. Dalio is renowned for his principle-based investing strategy that prioritizes examining historical economic trends to minimize risks. His expertise in data analysis and profound grasp of macroeconomic influences have significantly contributed to Bridgewater’s enduring … Read more
After Bitcoin underwent its fourth halving on April 20, there have been distinctive movements in the cryptocurrency market. Bitfinex’s recent “Bitfinex Alpha” report, released on April 22, sheds light on encouraging Bitcoin trends based on on-chain information, despite the economic instability in the US. Based on the data from the report, Bitcoin investors are transferring … Read more
On April 22nd, Ripple Labs responded to the Securities and Exchange Commission’s (SEC) request for almost $2 billion in fines. This action is the most recent event in the ongoing legal dispute between the two entities, which began in December 2020. The Securities and Exchange Commission (SEC) alleges that Ripple raised $1.3 billion by selling … Read more