Tag: Crypto

Bitcoin’s (CRYPTO: BTC) smashing rally past $71,000 has reinvigorated the market, but should one remain humble or prepare for something miraculous—like a run to $250,000 by year-end? What happened: After a nearly five-month wait, the leading cryptocurrency sailed above $71,000 and is now within touching distance of its all-time...

Crypto-based investment products continued their positive streak after recording nearly $1 billion in inflows this week, seemingly fueled by the upcoming US Presidential elections. Bitcoin (BTC) led the positive net flows for the third consecutive week, making October the fourth largest month of crypto investment product inflows on record....

In a recent development, leading financial services firm Jefferies has commenced coverage of Bitcoin miner Core Scientific Inc. (NASDAQ:CORZ) with a ‘Buy’ rating, underscoring its potential to leverage the burgeoning demand for artificial intelligence (AI). What Happened: Jefferies analysts were optimistic about Core Scientific’s prospects, citing its robust power...

Shiba Inu (CRYPTO: SHIB) cryptocurrency project announced the launch of a non-fungible token (NFT) bridge for its Layer-2 blockchain, Shibarium, paving the way for the smooth transfer of Ethereum (CRYPTO: ETH)-based NFTs. What Happened: On Monday, Shiba Inu’s official X account posted about the activation of NFT Bridge on...

The hackers responsible for shilling the sham memecoin from Ayrey’s account made off with just over $600,000 in ill-gotten gains. ...

Hong Kong’s Securities and Futures Commission (SFC) has announced plans to issue more licenses for crypto asset exchanges by the end of 2024. This decision comes after a five-month evaluation period, during which only three platforms received full licenses and 11 held provisional licenses, raising initial concerns about the...

In a massively bullish estimate, investment management company VanEck projected Bitcoin (CRYPTO: BTC) to hit $3 million in value in 2050. What happened: During a CNBC interview on Monday, Matthew Sigel, the firm’s digital assets head, said that the projection may appear “extreme,” but when broken down to a...

Bitpanda GmbH, the Vienna-based crypto trading platform backed by billionaire investor and PayPal co-founder Peter Thiel, is reportedly considering a range of strategic options, including a potential initial public offering (IPO) in Frankfurt.  According to a Bloomberg report, the company is currently in discussions with major financial institutions such...

In a keynote titled “After Voltaire: The Next Evolution of Cardano,” Charles Hoskinson, the founder of Cardano, unveiled an ambitious roadmap that could see the blockchain ecosystem running a nation-state by 2030. Hoskinson envisions this nation-state as a substantial entity, potentially serving tens of millions of people. We as...

Prominent Bitcoin (CRYPTO: BTC) bull Max Keiser said that El Salvador under President Nayib Bukele was achieving the ‘American Dream’ with the help of the apex cryptocurrency. What happened: During an interview with Fox Business Monday, Keiser, who serves as the senior Bitcoin adviser to the El Salvador president’s...