MicroStrategy co-founder Michael Saylor has expressed his optimism on Bitcoin prices, despite the current geo-political tensions. In a post on platform X, he expressed that “chaos is good for Bitcoin”. The comments however are a bit contrary to the price movement in the entire crypto industry. Michael Saylor Positive on Bitcoin Michael Saylor via an […]
Ethereum Classic Price Massive Double-Digit Rally Hits Pause, $50 ETC Up Next Or Sell-Off?
Ethereum Classic price has caught the attention of the cryptocurrency market with an impressive 34% leap in just 24 hours, marking its position as the top gainer among the 100 leading cryptocurrencies by market capitalization. This original version of Ethereum has surpassed the $30 mark for the first time since September 2022, sparking interest among […]
Will Dogwifhat Price Lose $2 Support Amid Market Sell-off?
Dogwifhat Price: On April 13th, the cryptocurrency market extended its correction trend amid geopolitical tension in the Middle East. The FUD among market participants plunged Bitcoin price to a low $60000, while several altcoins including the Dogwifhat memecoin witnessed accelerated supply pressure. The WIF currently seeks support at the $2 psychological support to prevent further […]
Vitalik Buterin Hails Optimism After $100 Million Funding To Developers
Ethereum co-founder Vitalik Buterin on Thursday gave a big shout-out to Optimism, a Layer-2 blockchain network built atop Ethereum, for its continuous efforts to fund public goods. Buterin took to X (formerly X) and said he was “impressed” by Optimism’s dedication to aiding developers and contributors despite not having a conventional business model. The comments […]
Bitcoin Miner Moves 50 BTC After 14 Years, Miners Preparing for Selloff?
With just four days left into Bitcoin halving, Bitcoin miners have turned active once again. In the latest development, a dormant Bitcoin miner wallet has turned active after nearly 14 years. Reports suggest that BTC miners might be gearing up for a sell-off after the halving event. Bitcoin Miner Transfers 50 BTC to Coinbase In […]
India: RBI Deputy Governor’s Reappointment Could Maintain Crypto Policy Status Quo
The Reserve Bank of India (RBI) Deputy Governor Michael Patra has been reappointed for another year, effective January 15. The Appointments Committee of the Cabinet (ACC) confirmed Patra’s extended tenure, which could impact India’s stance on crypto regulation. Patra reportedly joined the RBI in 1985, and has had experience in different roles within the central […]
Bitcoin, Dogecoin Slip As Elon Musk’s Tesla To Layoff 15,000 Employees
Elon Musk, also known as the ‘Dogefather,’ appears to be eyeing the layoff of a staggering 15,000 Tesla employees, in a move to significantly scale cost reductions and increase the productivity of his firm. Notably, following the surfacing of this workforce reduction plan, Dogecoin, a Musk-related meme coin, showcased a slight slip in its price […]
Hedera Allocates 5 Bln HBAR For Ecosystem Development
In a strategic move aimed at propelling the growth of the Hedera network, the Hedera Council has approved the allocation of around 5 billion HBAR, Hedera Hashgraph’s native cryptocurrency, for further development and the advancement of decentralized governance. Meanwhile, this financial injection underscores Hedera’s commitment to nurturing its ecosystem and supporting key initiatives crucial to […]
Ethena Introduces Monthly Custodian Attestations for USDe
Ethena, the protocol of the stablecoin USDe, has introduced a new level of transparency. All integrated depositaries are now supplying attestation reports. These reports confirm that the assets underpinning USDe are stored in a non-exchange setting. Those measures come in institutional-grade custodial solutions. Starting with immediate effect, these reports will be posted on the Ethena […]
Budget 2024: How Is Economic Survey 2024 Different From Its Predecessors?
Finance Minister Nirmala Sitharaman is set to table the Interim Budget for the fiscal year 2024-25 in Lok Sabha on February 1, 2024. Every year, the Finance Ministry rolls out the Economic Survey of India, a day ahead of the Budget. The Economic Survey 2024 — prepared by the Economics Division of the Department of […]