Tag: News

Silicon Valley investor Balaji Srinivasan predicted a convergence in prestige between artificial intelligence and cryptocurrencies on Monday, arguing that while one’s reputation has suffered, that of the other has increased. What Happened: In an X post, Srinivasan expressed his views on the contrasting origins of AI and cryptocurrency, like Bitcoin...

Given Bitcoin’s renewed upside momentum, robust optimism and confidence in the flagship digital asset have risen significantly within the crypto community. As a result, small-scale or retail investors are demonstrating a strong interest in BTC, indicated by their continuous accumulation of the coin at a rapid rate.  Small Bitcoin...

As the Bitcoin price continues its upward momentum, on-chain data reveals that Bitcoin long-term holders are beginning to sell off their assets. Historically, similar market behavior coincided with market tops in the 2021 bull cycle, raising the question of whether the pioneer cryptocurrency is finally approaching its market peak.  ...

The Financial Accounting Standards Board’s new accounting rules for cryptocurrencies will go into effect on Monday, making it easier for businesses to account for the value of their holdings on their balance sheets and encouraging adoption. What happened: The Accounting Standards Update,  announced in December of last year in...

Ripple CTO David “JoelKatz” Schwartz has outlined how RLUSD—the upcoming stablecoin on the XRP Ledger—could initially trade at highly inflated prices, possibly even $1,200, despite its intended $1 peg. Speaking via X, he highlighted early supply bottlenecks, speculative fervor, and the fundamental market mechanics of stablecoins as factors likely...

Bitcoin’s (CRYPTO: BTC) record-breaking run to $106,000 has been considerably boosted by a spurt in whale investor holdings, on-chain data revealed Sunday, although retail continued to control the majority supply. What Happened: Since the bull rally commenced on Oct. 10, there has been a net increase of 1,582 more wallets holding at least...

Renowned Wall Street investor and economist Dennis Gartman downplayed Bitcoin’s (CRYPTO: BTC) record-breaking run on Friday, instead preferring gold due to its long history as a store of value. What happened: During an interview with Bloomberg, Gartman said he was surprised by the leading cryptocurrency’s climb above $100,000. “It...

Scottsdale detectives and Special Agents from the US Secret Service arrested a man on Dec. 11 for theft, fraud schemes, and money laundering in connection with the crypto heist....

World Liberty Financial, a cryptocurrency project backed by President-elect Donald Trump, continued to add momentum to the coins it was purchasing. What happened: ONDO, a tokenization-themed cryptocurrency, zoomed over 11% to record-breaking highs, becoming the fourth-biggest market gainer over the last 24 hours. The coin’s trading volume surged over...

NEW YORK, Dec. 15, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global cryptocurrency market size is estimated to grow by USD 34.5 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 16.64% during the forecast period....