Bond yields in most Asian countries have seen a steady increase recently. A rise in government-related bonds can act as a hook for many investors to stick to non-risky assets and keep their investments safe from volatility. However, the rising yields could also keep crypto markets pressured by denting the risk appetite of market participants […]
Just-In: Veteran Trader Raises Bitcoin (BTC) Price Target to $200K
Peter Brandt, a highly regarded analyst with an illustrious career spanning over four decades in tracking market trends, has recently made a notable adjustment to his forecast for bitcoin (BTC) price in 2025. His latest analysis suggests a significant surge in BTC’s price trajectory, with Brandt now anticipating a peak of $200,000 by August or […]
Crypto Assets : Which Crypto Assets are Institutional Investors Buying ?
In cryptocurrency investing, institutional investors play a crucial role in shaping market trends and driving asset prices. To gain insights into their preferences, we turn to the Digital Asset Fund Flows Weekly Report by CoinShares, which provides a comprehensive overview of where institutional money is flowing within the crypto space. Investment products in the digital […]
Cardano Unleashes Plutus V3 Engine to Empower Developers
Cardano parent company Input Output HK has unveiled the Plutus V3 engine as it looks to enhance performance on the Proof-of-Stake (PoS) network. Cardano Plutus V3 Is Designed to Enhance Smart Contract Functionalities According to the announcement, the new ledger language has been made available for testing on SanchoNet. Noteworthy, Cardano has been mulling the […]
Sony Announces Job Cuts for Gaming Division; Is Web3 to Blame?
Sony Group announced on Tuesday that the firm will be cutting jobs from its video gaming department. According to reports by Bloomberg, Sony will be laying off around 900 people, or roughly 8% of the workforce. The reason for the job cuts arose on the ground of “game companies facing a post-pandemic spending slowdown”. The […]
Ripple President Hails Landmark Development For XRP Ledger, Here’s Why
Ripple’s integration with Axelar Network has garnered praise from Ripple executives, which includes President Monica Long and RippleX SVP Markus Infanger. Notably, the partnership was also lauded by the XRP community, as it aims to enhance the XRPL’s capabilities in the blockchain space. In other words, this collaboration signifies a major stride towards enhancing blockchain […]
Bitcoin Nears $60K: Reasons Why BTC, ETH, XRP, PEPE Price Are Rising Today
The crypto market witnessed a remarkable surge today, on February 28, 2024, propelling major cryptocurrencies like Bitcoin, Ethereum, Cardano, XRP, and meme coins such as Pepe Coin to new highs. Notably, Bitcoin is nearing the $60,000 mark, a level unseen since November 2021, while Ethereum has reached its highest point since April 2022. Meanwhile, this […]
Inmate Claims SBF Faces Assault and Extortion Threats in Jail
Sam Bankman-Fried (SBF), the former CEO of the cryptocurrency exchange FTX, an inmate, has come forward with claims highlighting the adversities faced by Bankman-Fried while detained at the Brooklyn Metropolitan Detention Center. The inmate, Carmine Simpson, a former New York police officer with a controversial past, has provided a detailed account in a letter addressed […]
Bitcoin ETF Trading Volumes Double At $6 Billion, $70,000 BTC Price Coming?
The trading activity in the newly launched Bitcoin ETFs has simply skyrocketed this week hitting new milestones every passing day. On Wednesday, February 28, the daily trading volumes of all nine bitcoin ETFs combined surged by a staggering 100%. Bitcoin ETFs Trading Volumes Shoot $6 Billion Eric Balchunas, a renowned ETF strategist at Bloomberg, disclosed […]
Wall Street Estimates on US Fed’s Preferred Inflation Gauge PCE, Bitcoin At Risk?
Crypto traders watch out for personal consumption expenditures (PCE) inflation data for further cues as Bitcoin (BTC) price swoosh past $63,900. The U.S. Bureau of Economic Analysis will release the U.S. Federal Reserve’s (Fed) preferred inflation gauge PCE. The data is crucial because of the recent hotter-than-expected CPI, pulling Fed rate cuts off the table. Personal […]