MicroStrategy, a leading player in the cryptocurrency market, has disclosed an unrealized profit of $3.2 billion on its Bitcoin investment. This substantial profit underscores MicroStrategy’s significant presence and success within the digital asset space. The announcement of MicroStrategy’s monumental profit highlights the company’s continued commitment to cryptocurrency investments and its adept navigation of the volatile […]

Ripple’s Chief Legal Officer (CLO), Stuart Alderoty, has praised bipartisan efforts in the U.S. House of Representatives to curtail the Securities and Exchange Commission (SEC) ‘s overreach in cryptocurrency regulation. On Wednesday, the House voted to overturn the SEC’s Staff Accounting Bulletin No. 121 (SAB 121), which mandates financial institutions to include the cryptocurrency holdings […]

In an appearance on CNBC’s Squawk Box, Anthony Pompliano, a well-known cryptocurrency advocate, shed light on the burgeoning interest from Wall Street in Bitcoin, revealing that institutional investors are purchasing Bitcoin ETF at a rate of 12.5 times greater than its daily production. This surge in demand comes as the cryptocurrency market anticipates the upcoming […]

In a significant development witnessed within the meme coin sector, Shiba Inu appears to have again seized the limelight as its burn rate surged over a whopping 5500%. Today, May 10, the meme coin’s burn tracker revealed that nearly 26 million SHIB was noted to be destroyed over the past day, injecting a dose of […]

After the Spot Bitcoin ETF race, the spree for Spot Ethereum ETFs is on. Amid the Ether ETF anticipation, it has been revealed that Kraken, the second-largest crypto exchange in the U.S., is eyeing to enter the crypto ETF custodian frenzy by following Coinbase’s lead. Kraken To Enter Crypto ETF Custody Arena? Currently, Coinbase serves […]

In a landmark development for the cryptocurrency industry in India, both Binance and KuCoin have successfully completed their registration processes with the country’s Financial Intelligence Unit (FIU). This signifies a crucial step towards regulatory compliance and legitimacy within the Indian market. Notably, KuCoin, in its earnest effort to adhere to regulatory protocols, has promptly paid […]

Filecoin, a decentralized protocol revolutionizing digital storage and data retrieval, has been making waves in the cryptocurrency market recently, igniting discussions among investors about its future trajectory. With its native cryptocurrency FIL showing bullish tendencies, many are wondering: Could Filecoin hit the coveted $50 mark in 2024? Let’s dive into the details and explore the […]

Bitcoin price struggles to retain bullish momentum due to tightening economic conditions in the U.S. The latest data in inflation became the primary reason for a sharp drop in BTC prices from $63,446 to $60,763 within hours. University of Michigan consumer sentiment data revealed a fall from 77.2 in April to 67.4 in May, the […]

Ethereum Price Prediction: ETH, the leading alternative cryptocurrency, has witnessed a remarkable uptrend, breaking the $2,600 barrier with strong bullish momentum. In the last 24 hours, Ethereum has surpassed this critical level and touched $2,650, marking a significant 5% increase. This growth comes amidst a broader market rally, with Ethereum showcasing solid performance within an […]

The US State Department has confirmed its active involvement in the case of Tigran Gambaryan, a Binance executive and US citizen detained in Nigeria. Over 70 days have passed since Gambaryan’s arrest, and the State Department spokesperson stated they are in constant communication with him, his family, and his legal team. They are committed to […]