Blockchain/cryptocurrency company Ripple plans to launch a dollar-pegged stablecoin on the XRP Ledger and Ethereum blockchains.
Ethereum price is struggling to recover above the $3,440 resistance zone. ETH is moving lower and might decline further if it clears the $3,250 support. Ethereum is struggling to climb above the $3,370 and $3,440 levels. The price is trading below $3,380 and the 100-hourly Simple Moving Average. There was a break below a major […]
The chief investment officer of Goldman Sachs Wealth Management reportedly thinks that investing in crypto is nothing more than a means of speculation. According to The Wall Street Journal, Sharmin Mossavar-Rahmani does not consider crypto as an investment class because it is nearly impossible to accurately value cryptocurrencies and these digital assets do not produce […]
CFTC Chairman Rostin Behnam views Ethereum as a commodity, amidst differing opinions and SEC’s silence on its classification. JPMorgan report indicates Ethereum’s decreasing centralisation could prevent it from being deemed a security, citing the importance of network decentralisation. However, BlackRock’s CEO Larry Fink believes that Ethereum’s classification as a security wouldn’t preclude the creation of […]
Raoul Pal repeatedly warns about the importance of careful investing, a sentiment echoed in discussions with Arthur Hayes. Hayes advises against FOMO, suggesting only a small portion of a portfolio should go to high-risk assets like memecoins. Despite potential for high returns, both Pal and Hayes caution against expecting life-changing wins from speculative investments. You’ve […]
As Polkadot and Chainlink face challenges, attention shifts to the potential game-changer, ICO crypto Raboo. With an entry-level token presale price of just $0.003, Raboo is poised to surge 100x in 2024, driving the $62 Billion Meme Market to new heights. However, amidst optimistic Chainlink price predictions, it grapples with its own hurdles, including scalability […]
There are around 18,000 Bitcoin options due to expire on April 5 with a notional value of $1.23 billion. However, today’s expiry event is much smaller than last week’s whopping $15 billion end-of-quarter crypto options expiry. Moreover, markets have been weaker this week, with total capitalization falling 5% as $150 billion left the space. Bitcoin […]
The chief investment officer of Goldman Sachs’ Wealth Management unit does not see cryptocurrency as an investment asset class. She also believes that bitcoin “creates absolutely no value in any shape or form.” Her perspective differs from that of some other Goldman Sachs executives regarding bitcoin and cryptocurrencies. ‘We Do Not Think It Is an […]
Sweeping across the shores of Latin America comes a scheme from some of the most predatory figures in the venture capital ecosystem of the United States. It is a brazen attempt to assert foreign influence across Latin America and threatens to reshape the very fabric of the region and the day to day lives of […]
TL;DR Xoom, PayPal’s cross-border money transfer service, allows US users to fund money transfers to family and friends abroad using USD (PYUSD). There are no Xoom transaction fees when using PYUSD to fund eligible transfers. Users can select PYUSD as a financing option and convert it to USD to cover the transaction without cryptocurrency sales […]
TL;DR Pandora leads daily sales in the NFT market with US$1.6 million. Ethereum experiences a notable drop in sales. Collections such as Bored Ape Yacht Club and Azuki show a significant increase in transactions. On a day marked by surprising moves in the non-fungible token (NFT) market, Pandora, an Ethereum-based collection and pioneer of the […]
Cardano (ADA) is moving lower below the $0.620 resistance zone. ADA could gain bearish momentum and decline toward the $0.50 support. ADA price is slowly moving lower from the $0.670 zone. The price is trading below $0.620 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance […]
A widely followed crypto analyst is taking a look at the altcoin markets as they trade against Bitcoin (BTC). Crypto trader Michaël van de Poppe tells his 710,800 followers on the social media platform X that altcoins are down big right now when trading against BTC. “Altcoins are down 50-70% in their Bitcoin pairs. That’s an actual […]
U.S. Securities and Exchange Commission (SEC) commissioner Hester Peirce criticizes the agency for making little public engagement. During a speech, Peirce says that those who approach the securities watchdog with their concerns more often fail to get the response that they need. “Productive interactions with the SEC are fewer and further between than they were […]
Robert Kiyosaki warns about inflation’s non-stop growth, highlights importance of Bitcoin at this particular time
NEW YORK — The Brooklyn district attorney announced a major cryptocurrency scam bust Thursday. District Attorney Eric Gonzalez says his team …
In the latest development in the $4 billion OneCoin cryptocurrency Ponzi scheme, the company’s Head of Legal and Compliance, Irina Dilkinska, has been sentenced to four years of imprisonment in the United States. She was ordered to pay over $111 million in restitution. Another OneCoin Associate Goes to Jail The sentencing, which took place yesterday […]
Research is starting to show that a trend-following strategy—which capitalises on market momentum—is superior to ‘buy and hold’ for Bitcoin trading. Similarly, copy-cat strategies are starting to go mainstream; an ETF has launched that tracks Bitcoin trends and allocates capital accordingly. Experts warn this strategy is not without risks and doesn’t work for all cryptocurrencies, […]
Franklin Templeton turned its attention to Bitcoin Ordinals in its latest publication from the Digital Assets Division. The financial giants have long been allies of the crypto industry, with the team filing for a spot Ether ETF later this year. The report highlights the significant increase in trading volume – in particular of Ordinals and […]
The crypto bulls are running, and the best cryptos show how it’s done. Some are doing brilliantly, like Jupiter and DogWifHat. Others, like the Iota coin price, are standing still. Others, like Ordinals, are going backward. But the best cryptos of the bunch are set to explode 100x, and for that, we would need to […]
Brazil is on the verge of presenting a new crypto taxation scheme proposed in a bill to be presented to the National Congress in the coming days. The bill proposes taxing cryptocurrencies the same way as shares and capital instruments with fluctuating exchange rates, instead of categorizing them as goods. Brazil to Change Cryptocurrency Taxation […]
In the 1997 book The Sovereign Individual, William Rees-Mogg and James Dale Davidson make a convincing case that again and again throughout history, the dominant power of the day was disrupted by new technologies. Advances in agriculture meant that people and their property were often geographically stationary, making them sitting ducks for “specialists in violence”, […]
Tech giant Google is reportedly launching a lawsuit against crypto scammers who allegedly employed fake Android apps to reel in their victims. According to a new report from Reuters, Google is suing Chinese nationals Yunfeng Sun and Hongnam Cheung in New York, accusing them of stealing tens and thousands of dollars worth of digital assets […]
A veteran crypto trader thinks one Ethereum (ETH) rival is about to “turbo send.” The pseudonymous digital asset analyst known as Bluntz shares a chart with his 253,100 followers on the social media platform X that indicates the smart contract platform NEAR Protocol (NEAR) could jump past the $10.50 range. Source: Bluntz/X NEAR is trading […]
Cats are having their moment in the wild world of meme coins. A couple of quirky tokens, cat in a dogs world (MEOW) and Book of Meow (BOMEOW), have taken the market by storm this week with blistering rallies. But while traders scramble to get involved with these “cat coins,” a different animal-themed project is […]
Banking behemoth VanEck has valued Ethereum Layer-2 (L2) solutions at an astounding $1 trillion in a daring prediction, emphasizing the critical role that efficiency gains and scalability improvements will play in the development of blockchain technology. Ethereum Layer 2s Poised For Significant Increase In Valuation According to VanEck researchers, Ethereum Layer 2 scaling networks are […]
TL;DR Franklin Templeton highlights the positive impact of Bitcoin Ordinals on BTC innovation. The firm acknowledges other factors contributing to innovation in BTC, such as new fungible token standards and the development of DeFi on the BTC blockchain. Beyond optimism, Franklin Templeton warns investors about associated risks, including the possibility of value loss and the […]
Founder of SkyBridge Capital has warned about upcoming US debt crisis, urging purchase of BTC as safety commodity
Inflows into Cryptocurrency EFTs are on the rise. Can bitcoin's climb continue?
Ripple, known for its enterprise-grade blockchain solutions, has announced its intention to introduce a stablecoin pegged 1:1 to the US dollar. This revelation comes as the demand for stablecoins showcasing reliability, trust, and utility continues to surge. Entering Stablecoin Market amidst Projected Industry Growth The upcoming stablecoin from Ripple will be fully backed by US […]
Morgan Stanley is working to become the first major U.S. banks to offer a spot Bitcoin ETFs to all clients, according to social media reports. With $1.5 trillion in assets under management respectively, Morgan Stanley is one of the largest wealth managers worldwide. A fully approve Bitcoin ETF trading on its platform would mark a […]
Bitcoin shows hot and cold signals. What comes next, higher or lower? Many long positions were liquidated, as traders may have been overexposed leading into the Bitcoin halving. Altcoin analysis for Layer 1’s – SOL and AVAX As Bitcoin puts to bed another month and quarter of trading, we again continue to see it crush […]