In a thrilling turn of events, an XRP whale’s 27 million selloff appears to be birthing a tidal wave of speculations among crypto market enthusiasts across the globe as Ripple, the company behind XRP, faces a new class action suit in California. The mentioned whale transfer, surfacing soon after the news of Ripple’s new class […]
Bitcoin Price Analysis: Is BTC Going To $70,000 With Open Interest Reaching $24.5B?
Bitcoin price analysis: The largest cryptocurrency suddenly broke out on Monday following a period marked by market doldrums. In the initial February rally, Bitcoin price made it above $50,000 with the leg extending to $53,000. Due to the lack of momentum to keep the uptrend going and perhaps in good faith of allowing re-accumulation, BTC price consolidated […]
Binance Backs Babylon to Unlock Bitcoin Staking on PoS Chains
Binance Labs, the venture capital and strategic initiative arm of Binance, has made a significant investment in Babylon, a pioneering Bitcoin staking protocol. Babylon, a project initiated by Stanford Professor David Tse and Dr. Fisher Yu in 2022, aims to revolutionize the integration of Bitcoin with Proof-of-Stake (PoS) blockchains. This investment underscores Binance Labs’ dedication […]
Kraken Launches Institutional Service to Stem Coinbase Dominance
Amidst the rave for dominance in the cryptocurrency industry, digital asset service provider Kraken has taken the industry unawares with the introduction of a new service dubbed Kraken Institutional. Kraken Institutional Designed for Corporate Clients This novel solution is designed as a one-stop shop where firms that are looking to delve into the digital asset […]
What Will Be My Portfolio If Ethereum (ETH) Price Hits 5K ?
As Ethereum (ETH) enjoys a period of significant growth, many investors are taking notice. Over the past year, its value has doubled, reaching a noteworthy milestone of over $3,000 on February 20, 2024. Now, experts are predicting that Ethereum could potentially reach $5,000 by the end of this year, 2024. With the market buzzing and […]
Bitcoin, Ethereum Aim for Pre-Halving Highs But 3 Altcoins Could Hit $1000
The cryptocurrencies Bitcoin and Ethereum are demonstrating significant uptrends, signaling the dawn of bull markets. This surge propels other digital currencies, with Bitcoin crossing the $59,000 threshold and Ethereum reaching beyond $3,300. As the Bitcoin halving approaches, a pivotal moment anticipated to kickstart a new bull market in April 2024, cryptocurrency enthusiasts are looking for […]
Matrixport Co-Founder Warns of Correction After Bitcoin Hits $60K
Daniel Yan, co-founder of the Singapore-based cryptocurrency services firm Matrixport, has issued a cautionary note to investors following the recent Bitcoin surge. The digital currency surpassed the $60,000 mark for the first time since 2021, signaling a potential market euphoria. Yan’s comments come amidst growing investor interest and an extreme greed sentiment in the market, […]
Gemini Agrees to $1.1 Billion Payback in Earn Program Settlement
Gemini, the cryptocurrency exchange founded by The Winklevoss twins, has agreed with the New York Department of Financial Services (NYDFS). The agreement requires Gemini to pay a $37 million fine and also guarantees a return of more than $1.1 billion to the customers of its Gemini Earn lending program. This decision has been a pivotal […]
NFPrompt Partners Google Cloud, NFP Price Jumps 9%
NFPrompt, a key player in the AIWeb3 industry, has made waves with its recent announcement of a strategic partnership with Google Cloud for Startups. This partnership signifies a significant step forward in the quest for innovation within the AIWeb3 vertical. By joining forces with Google Cloud, NFPrompt aims to leverage cutting-edge technology and expertise to […]
ETH Targets $4K as Investors Stash $2.1B for the Long Haul
Ethereum has seen a surge in its market performance, largely attributed to significant catalysts driving investor sentiment. The successful execution of the Dencun upgrade testnet and the increasing interest in ETH ETF filings have fueled Ethereum’s bullish trajectory. Notably, there has been a notable shift in the investment horizon of Ethereum stakeholders towards long-term holding […]