Tag: Crypto

Global investment bank Morgan Stanley (NYSE:MS) has actively pitched stocks and investments tied to Bitcoin (CRYPTO: BTC) to its clients this year, despite executive chairman James Gorman’s skepticism about the leading cryptocurrency’s potential. What happened: Earlier this year, Gorman, who stepped down from his CEO role after a 14-year...

On-chain data shows around 91% of all Bitcoin holders have entered into the green following the latest rally towards the $66,000 level. Bitcoin Has Enjoyed Sharp Bullish Momentum Recently Bitcoin has kicked off the new week on a positive note as its price has surged around 4% to return...

Kenya Revenue Authority (KRA) announced its plan to switch its outdated system to a more efficient one as part of its tax system reform. The new system, powered by emerging technologies, is set to track crypto transactions in real time to fight tax evasion and foster a “more transparent”...

Sen. Elizabeth Warren (D-Mass.) and her Republican challenger John Deaton exchanged blow for blow over the subject of cryptocurrencies in the first debate between the two Senate hopefuls on Tuesday. What happened: Co-sponsored by the WBZ News and The Boston Globe, the two politicians with diametrically opposing views on...

Bitcoin is trading at September highs, retracing after breaking above $66,000 on October 14. Although the coin is trading lower at spot rates, the path of least resistance appears northwards, and the trend is shifting, aligning with gains of Q1 2024. Bitcoin Open Interest Rising, Approaching $40 Billion After...

Bitcoin is at a critical turning point after the Federal Reserve’s interest rate cut over three weeks ago.  The price is above the $65,000 mark, setting the stage for a potential push to new highs. Market sentiment is increasingly optimistic, with many expecting a significant Bitcoin rally in the...

Litecoin (CRYPTO: LTC) topped the biggest gainers list Tuesday after digital asset trading and management firm Canary Capital filed for an exchange-traded fund (ETF) tracking the proof-of-work (PoW) cryptocurrency’s price.  What happened: The coin, created from the hard fork of Bitcoin (CRYPTO: BTC) in 2011, was up over 7%...

Asset management firm Ark Invest expressed belief in the transformative potential of the Ethereum (CRYPTO: ETH) network for the financial services industry. What Happened: On Tuesday, Cathie Wood, the influential founder of the company, shared on X a research paper that explained why Ark Invest believes Ethereum and its...

Tether Holdings, the issuer of the world’s largest stablecoin, USDT, is reportedly exploring lending options for commodities trading companies as it seeks new ways to deploy this year’s profits amid the broader market recovery.  According to Bloomberg, the discussions involve potential US dollar lending opportunities with various firms in...

In the 2021 bull run, Dogecoin hitting an $80 billion market cap marked a new all-time high (ATH) for the foremost meme coin. This time would be different if the meme coin reached this market cap, as its price would still be below its current ATH of $0.73.  Why...