Crypto news affects Bitcoin price
The Bitcoin (BTC) community was rocked last Friday when Binance, one of the world’s leading cryptocurrency exchanges, experienced a startling glitch that sent Bitcoin’s price plummeting from a stable $27,000 to a mere $2,700. Panic and confusion ensued as traders grappled with the sudden, drastic drop. The cause of this alarming crash was swiftly identified …
In the ever-volatile world of cryptocurrency, Bitcoin (BTC) is displaying promising signs of a bullish resurgence, indicating the potential for a significant upswing in its value. This optimistic outlook comes as a result of a meticulous analysis by Crypto Rover, a prominent cryptocurrency trader and analyst. According to Crypto Rover’s recent in-depth analysis, BTC is …
Michael Gambon, the Irish actor best known for his roles as Albus Dumbledore in the Harry Potter films and Dr. Robert Ford in Westworld, has spoken out against cryptocurrencies, calling them a “Ponzi scheme.” In an interview with The Times, Gambon said that he believes cryptocurrencies are “a scam” and that people should not invest …
Amidst the current frenzy surrounding initial public offerings (IPOs), the question arises: What implications would a Ripple stock surge to $600 have on the price of XRP, the native token of the Ripple network? Ripple, a financial technology firm renowned for providing innovative payment solutions to banks and financial institutions through its flagship product, RippleNet, …
Coinbase, the leading cryptocurrency exchange, has received regulatory approval to list perpetual futures trading to users outside of the United States. This is a significant development for the company, as it will allow it to expand its offerings to a wider range of customers and offer them more sophisticated trading options. Perpetual futures contracts are …
Cryptocurrency powerhouse Binance is poised to make a full exit from the Russian market by selling its local branch to CommEX, another cryptocurrency exchange. This divestment process is expected to unfold over the course of approximately one year. Binance made it clear that it would not retain an option to repurchase shares in the Russian …
The Shanghai city government is aiming to revolutionize its urban infrastructure by embracing blockchain technology. Their comprehensive research efforts will encompass multichain communication, quantum-resistant security measures, and strategies for monitoring and censoring illicit on-chain content. In pursuit of this blockchain vision, the city will initially focus on building essential hardware components, such as computer processors …
On September 27, 2023, Google celebrated its 25th birthday. In addition to its annual birthday Doodle, Google also released a special blog post reflecting on its journey over the past 25 years and looking ahead to the future. In the blog post, Google CEO Sundar Pichai mentioned cryptocurrencies and blockchain technology as one of the …
In a recent tweet, crypto research firm Kaiko highlights an unusual event within the ETH network: an expenditure of $859,000 in gas fees occurring over a relatively short timeframe. Kaiko reports that for a brief period, one of Binance’s hot wallets emerged as the leading gas consumer on the Ethereum network. The reason behind this …
A recent revelation by crypto analyst Jamie Coutts, a figure associated with Bloomberg Intelligence, has brought to light BlackRock’s substantial engagement in Bitcoin mining. This disclosure is sure to turn heads, especially given BlackRock’s prominent position in the traditional financial world. Nevertheless, Coutts is quick to point out that BlackRock’s foray into Bitcoin mining did …
Sony, the Japanese multinational conglomerate, is one of the leading companies in the world when it comes to innovation. The company has a long history of developing new technologies and products that have changed the way we live and work. In recent years, Sony has been investing heavily in both cryptocurrency and artificial intelligence (AI). …
MicroStrategy, a business intelligence and analytics software company, has purchased 5,445 Bitcoin for $150 million since August 1, 2023. This latest purchase brings MicroStrategy’s total Bitcoin holdings to 130,000 BTC, which were acquired for a total of $4.52 billion. MicroStrategy’s CEO, Michael Saylor, is a vocal proponent of Bitcoin. He has said that he believes …
Kansas City Chiefs tight end Travis Kelce is known for his on-field prowess, but he’s also a savvy businessman. In 2021, Kelce partnered with Cash App to give away $500,000 in Bitcoin to his fans. The giveaway was a huge success, with over 1 million people participating. Kelce’s Bitcoin giveaway was just one example of …
The cryptocurrency community is abuzz with discussions surrounding what could be deemed as the most significant security breach within the realm of Web3 in recent times. Mixin Network, a blockchain platform headquartered in Hong Kong, has reported staggering losses amounting to $200 million, attributable to issues related to their “cloud services.” Mixin Network’s Assets Drained …
The North London derby is one of the most anticipated fixtures of the Premier League season, and this year’s clash between Arsenal and Tottenham Hotspur is no exception. Both teams are coming into the game in good form, and it’s sure to be a close and exciting match. If you’re looking to watch the game …
According to Michael Saylor, Bitcoin stands as the optimal means to safeguard and fortify one’s wealth. Saylor asserts that consumer inflation denotes the financial outlay required to maintain a subsistence lifestyle, while asset inflation represents the pace at which wealth is generated to preserve affluence. These views were expressed by Michael Saylor, the Executive Chairman …
Bitcoin’s supremacy in the cryptocurrency market has surged to its peak for the year. However, what does this resurgence in dominance imply, especially for alternative cryptocurrencies (altcoins) and the broader crypto landscape? Bitcoin dominance represents the proportion of the total cryptocurrency market capitalization that Bitcoin commands. A surge in Bitcoin’s dominance often suggests that investors …
Ethereum transaction fees have fallen to their lowest level in two years, with the average fee now at 12.5 gwei. This is down from a high of over 600 gwei in May 2021. The decline in fees is due to a number of factors, including: The decline in transaction fees is a positive development for …
The Federal Reserve’s recent meeting did not result in an increase in interest rates, but it did suggest that rates could remain elevated for an extended period. This decision appears to have triggered a decline in the stock markets, with the S&P 500 experiencing a more than 2% drop and the Nasdaq down by approximately …
John Reed Stark, a former high-ranking official at the U.S. Securities and Exchange Commission (SEC), has made a bold prediction regarding the future of NFTs and cryptocurrencies. In a recent post on the social media platform X (formerly Twitter), Stark asserted that both NFTs and crypto are headed for a significant downfall. Stark highlighted a …
Coinbase, the largest cryptocurrency exchange in the United States, pursued the acquisition of FTX Europe in an effort to expand its overseas derivatives business, according to documents viewed by Fortune. The acquisition talks never reached a late stage, but Coinbase’s interest in FTX Europe demonstrates the growing importance of derivatives to its global business plan. …
Senator Bob Menendez, a Democrat from New Jersey, has introduced two crypto bills in the Senate. Menendez and his wife, Nadine Arslanian Menendez, are accused of accepting “hundreds of thousands of dollars in bribes” in exchange for the senator’s influence, according to the newly unsealed federal indictment. The first bill, the Accountability for Cryptocurrency in …
Rupert Murdoch, the media mogul and chairman of News Corp and the Fox Corporation, has had a complicated relationship with cryptocurrency. In the past, he has dismissed it as a “joke” and a “scam.” However, in recent years, he has softened his stance and even invested in several crypto companies. Murdoch’s first public comments about …
Bitcoin saw a surge past $27,000 resistance this week after a new development in the ongoing legal battle between cryptocurrency exchange Binance and the SEC. On September 18, Magistrate Judge Zia Faruqui rejected the SEC’s request for direct access to Binance.US’s systems. Instead, the judge asked the SEC to make specific discovery requests. This decision …
