This week marks a notable change in the cryptocurrency investment sphere. CoinShares data reveals a substantial outflow from crypto investment products, totaling around $424 million since Monday. This development highlights a significant shift in investor preferences and strategies in the crypto market. Spot Bitcoin ETFs Gain Momentum Amidst these outflows, the spotlight turns to the […]
Qtum Foundation Unleashes 10,000 Nvidia GPUs for AI Web3 Revolution
The Qtum Foundation recently announced the deployment of 10,000 GPUs to power its new blockchain AI ecosystem. This strategic move marks a significant transition for Qtum, shifting its focus from cryptocurrency mining to artificial intelligence operations. Miguel Palencia, COO and cofounder of Qtum, emphasized the importance of this transition, highlighting the credibility it brings to […]
Bitcoin: Michael Saylor Claps Back at JPMorgan CEO’s ‘Pet Rock’ Remark
In response to Jamie Dimon’s Bitcoin “pet rock” analogy earlier, MicroStrategy’s former CEO Michael Saylor has made a sarcastic statement. The Epic Clapback The CEO of JPMorgan Chase reiterated his anti-Bitcoin stance in an interview with CNBC at the World Economic Forum in Davos, Switzerland on January 16. Dimon advised the public to avoid investments […]
JPEX Exchange Rugpull Suspects Nabbed In Hong Kong
More than 70 people have been arrested so far in connection with the JPEX Exchange cryptocurrency scandal that led to the eventual loss of HK$1.6 billion. Hong Kong Tackling Biggest Financial Fraud Case Local news outlet South China Morning Post reported the arrest of these suspects earlier on Thursday. According to an update offered by […]
Ripple CTO Agrees With Franklin Templeton On XRPL Potential
In a significant development in the cryptocurrency space, Ripple’s Chief Technical Officer (CTO), David Schwartz, has thrown his weight behind the XRP Ledger (XRPL) in response to a recent post by global asset manager Franklin Templeton. Notably, Franklin Templeton’s X post suggests that the asset manager, managing over $1.5 trillion in assets, is open to […]
Bitcoin Halving: Bitwise CEO Bullish On BTC Price To Hit $100K Post-Having
Bitwise CEO Hunter Horsley’s latest remark on Bitcoin’s price post-halving has stirred up a storm in the cryptocurrency realm today, April 19. In a post shared on X today, the CEO portrayed a sense of retained bullishness on Bitcoin’s potential to hit $100K following today’s halving event, igniting a frenzy among investors despite BTC’s heightened […]
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Singapore’s Triple-A Embraces PayPal Stablecoin for Merchant Payments
Triple-A, a Singapore-based payments firm, has made a strategic move by announcing its decision to integrate PayPal’s stablecoin into its array of payment options tailored for merchants. This decision showcases Triple-A’s proactive stance in embracing emerging financial technologies. Notably, Triple-A holds the distinction of being the first licensed crypto payments company in Singapore, a testament […]
Robinhood Pays $7.5M in Settlement Over Trading Gamification
Robinhood, the popular cryptocurrency and stock trading app, has settled with Massachusetts’ securities regulator, concluding a legal dispute that began in December 2020. The company has agreed to pay a $7.5 million penalty and commit to a major overhaul of its digital engagement practices. This decision follows allegations that Robinhood targeted inexperienced investors by gamifying […]
Crypto Price Prediction 4/19 As Bitcoin Hints Bottom Formation at $60K
Crypto Price Prediction: Despite the rising Geopolitical tension in the Middle East, the cryptocurrency market has shown notable resilience through Bitcoin being a macro hedge. On April 19th, when Israel launched an attack on Iranian soil, the BTC price marked a low of $57600 before immediately rebounding to $65000. This upswing has uplifted a majority […]