Tag: News

Bloomberg Intelligence senior commodities strategist Mike McGlone predicts Bitcoin (CRYPTO: BTC) will fall to $10,000, calling the crypto asset class “dead” as unlimited token supply and five years of underperformance versus the S&P 500 make it uninvestable for institutional risk managers. The $10,000 Target Explained McGlone defines $10,000 as...

Bitcoin’s attempt to reclaim higher ground above the $73,000 region has taken another turn, and the leading cryptocurrency is now back to trading below $70,000. This latest price action has played out exactly like a warning issued days earlier by a technical analyst who stated that the breakout many...

Ripple has begun buying back equity shares from investors and employees in a tender offer worth up to $750 million that values the private company at $50 billion. Ripple’s Biggest Buyback Yet The repurchase, reported by Bloomberg on Wednesday, comes as crypto markets reel. Bitcoin (CRYPTO: BTC) has fallen...

Binance’s U.S. affiliate has hired veteran compliance executive Stephen Gregory as CEO to steady the platform under tougher U.S. scrutiny and reboot a regulated growth story. Binance’s U.S. affiliate, Binance.US, has appointed seasoned compliance executive Stephen Gregory as its new…...

Bitcoin’s (CRYPTO: BTC) macro behaviour is increasingly tied to global liquidity and energy markets, which increases its correlation with the Nasdaq, according to VanEck’s Matthew Sigel. Bitcoin’s Correlation With Nasdaq Rising Speaking on Squawk Box on CNBC on March 11, Sigel said oil shocks and geopolitical tensions, including risks...

Bitcoin is holding $70,000 as oil price continue to remain elevated. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $70,461.60 Ethereum (CRYPTO: ETH) $2,070.06 Solana (CRYPTO: SOL) $87.36 XRP (CRYPTO: XRP) $1.39 Dogecoin (CRYPTO: DOGE) $0.09438 Shiba Inu (CRYPTO: SHIB) $0.055823 Notable Statistics: Coinglass data shows 95,278 traders were liquidated in...

The past 24 hours have been quite eventful for Ripple. According to Bloomberg, the company is launching a share buyback program that values it at roughly $50 billion. The company’s plan is to repurchase up to $750 million in shares from employees and investors. The tender offer is expected...

The industry is not entering an era of blanket legalization. It is moving into a phase of permissioned growth, where the winners may be the firms that can operate under real supervision. The crypto industry has spent years asking the wrong regulatory question. “Which countries are pro-crypto?” sounds useful,...

While the second-largest meme coin has been stuck in a prolonged downtrend over the past several months, some market observers believe the price may stage an impressive comeback soon. Certain on-chain factors reinforce the bullish scenario, whereas stalled activity on Shibarium suggests the bears might not give up easily....

Despite the bear market, today’s report suggests a higher valuation than the $40 billion at which the firm raised funds in November....