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After SEC ends Ethereum 2.0 probe, community sees Solana and Polygon safe
20.6.2024
The US Securities and Exchange Commission recently announced dropping its investigation into Ethereum 2.0. This serves as a notification that it will no longer pursue its legal course to classify Ether as a security. Consensys is committed to seeking more clarifications via a legal course, and...
‘No clear catalyst’ as altcoin bloodbath sees top coins dip double digits
18.6.2024
Crypto market analysts suggest the altcoin stumble may be tied to a recent spate of spot Bitcoin ETF outflow
Fidelity’s Director of Global Macro Sees Bitcoin as ‘Exponential Gold’ on Store of Value Team
18.6.2024
Fidelity Investments’ Director of Global Macro sees bitcoin as “exponential gold” and “an aspiring player on the store of value team.” According to his analysis, bitcoin’s price is “driven primarily by the growth in its network, which is in turn driven...
NFT Market Sees Gains for Second Consecutive Week, Sales Up 10.95%
15.6.2024
Non-fungible token (NFT) sales increased by 10.95% this week compared to the previous week, marking the second consecutive week of gains. Despite a 76.7% drop in the number of buyers, blockchain-issued digital collectibles achieved $141.73 million in sales. NFT Market Trends: Bitcoin and Ethereum...
Fidelity’s Spot Bitcoin ETF sees second largest outflow
14.6.2024
Of late, 11 US spot Bitcoin exchange traded funds (ETFs) witnessed net outflows amounting to $226.21, an enormous figure by any count. In the case of Fidelity’s FBTC, it experienced reaching the figure of $106 million, its second-highest figure, in terms of net outflow. Grayscale mentioned...
South African Retailer Accepting BTC Sees Significant Increase in Monthly Crypto Transactions
14.6.2024
The South African retail giant, Pick n Pay, has reported a significant increase in the value of monthly cryptocurrency payments, rising from approximately $1,350 to $54,000. The regions of Gauteng, KwaZulu-Natal, and the Western Cape in South Africa account for the lion’s share of Pick...
Binance CEO Sees 2024 as a ‘Landmark Year’ for Crypto
14.6.2024
Binance CEO Richard Teng described 2024 as a “landmark year” for the cryptocurrency industry in an interview with Bloomberg on Thursday. He cited enhanced regulatory clarity, broader mainstream acceptance, and the introduction of bitcoin spot exchange-traded funds (ETFs). “The...
SEC chair sees spot Ether ETF S-1 approvals sometime in summer 2024
13.6.2024
Some analysts had predicted that spot Ether ETFs could start trading on U.S. exchanges by the end of June, but the SEC has yet to set an exact date
World’s Largest Bank ICBC Sees Bitcoin as Digital Gold — Calls Ethereum ‘Digital Oil’
12.6.2024
The Industrial and Commercial Bank of China (ICBC), the world’s largest bank by total assets, recently compared bitcoin to digital gold and labeled Ethereum “digital oil” in a report. The bank emphasized the roles of these cryptocurrencies in the digital economy and their...
Fed Sees Just One Rate Cut This Year; Bitcoin Gives Up Session Gains
12.6.2024
Rich Dad Poor Dad Author Robert Kiyosaki Sees Bitcoin as the Easiest Way to Become a Millionaire
12.6.2024
Rich Dad Poor Dad author Robert Kiyosaki has stated that bitcoin is the easiest way to become a millionaire because the cryptocurrency “does the hard work.” He contrasted this with entrepreneurship, which requires significant intelligence, dedication, and luck. “That is why...
Meme Sector Sees Sharp Sell-off as GameStop Losses Extend to 60%
11.6.2024
A Solana meme parody of the actual company was down 25% in the past 24 hours, with steep losses across other meme tokens that tended to move in tandem with GameStop
Crypto inflows hit $2B in June, Ethereum sees best week since March with $69M
10.6.2024
CoinShares believe the turnaround is due to "weaker than expected macro data in the U.S."
Bitcoin Bags $2B Inflows, Ether Sees Highest Institutional Buying Since March
10.6.2024
One trader expects ETH prices to hit $10,000 in 2024, a nearly 200% increase from current levels of $3,600
VanEck Sees Ether Hitting $22K by 2030
6.6.2024
Ether's 2030 valuation is forecasted at $2.2 trillion, driven by $66 billion in free cashflows and $15 trillion TAM potential, VanEck writes
Coinbase’s Base Ethereum Layer-2 network sees a rise in activity
5.6.2024
Coinbase is experiencing increased traction on Base, its Ethereum layer 2 network, largely due to its forthcoming smart wallet, which is gaining investor interest. Its TVL is also experiencing an unusual escalation. Over the past three months, Base has succeeded in surpassing Arbitrum and Optimism...
Bitcoin nears $70k as Bitfinex sees end to sell-off
4.6.2024
Bitcoin, for the first time in its history, rose above $70,000, and experts believe that this may signal the end of a prolonged phase of the BTC rate’s stagnation. This top digital currency hit this level for the first time in a week and then pulled back to around $69,200, rising just 2% over...
Bitcoin Sees Profit-Taking Around $70K Amid ‘Stubbornly Bullish’ Sentiment
4.6.2024
On-chain data shows over 50% of Bitcoin supply remains inactive, a sign of strong long-term conviction in the asset
Bitfarms Sees 42% Revenue Drop in May Post-Bitcoin Halving
4.6.2024
Bitfarms, a Bitcoin mining firm, reported a 42% drop in crypto mining revenue in May, the first full month following the Bitcoin halving in mid-April, which reduced their Bitcoin production from 263 BTC in April to 156 BTC in May. The company attributed part of the decline in production...
JPMorgan’s JPM Coin Sees Transactions ‘Explode’ With Programmability Features
31.5.2024
Global investment bank JPMorgan’s JPM Coin has seen a significant surge in transactions, according to Umar Farooq, head of Onyx by JP Morgan. During a session at the Consensus conference, Farooq stated, “We’ve seen the number of transactions explode by factors of 10, if not hundreds. Fewer...