The Islamic State (IS) group just took its crypto game more seriously by requesting compliance with its Sharia Law. Precisely, the bloc is asking that the crypto that supports its terrorist activities must comply with the popular Islamic law that guides its daily operations. UN Members Concerned Over Islamic State Crypto Use Under this Sharia […]
Lumerin, Morpheus, and Exabits Team Up to Build Blockchain-Based AI Economy
TL;DR Exabits joins Lumerin and MNW Supply Chain to foster an AI agent economy through decentralized computing resources. The goal is to overcome current challenges in AI development and offer a new autonomous and efficient infrastructure. The AI market on blockchain is projected to reach $703 million by 2025, with an annual growth of 25.3%. […]
Shiba Inu News: Revolut Offloads 63B SHIB & Other Crypto, What’s Next?
Shiba Inu News: Revolut has made waves in the crypto market by offloading a massive 63 billion SHIB tokens, according to Arkham Intelligence. This move comes alongside other significant crypto transactions and has sparked speculation about Shiba Inu’s future performance. Amid the recent offloading, it has also accumulated other tokens, potentially hinting at a shifting […]
Distribution Trend Flags XRP Price Falling to $0.4: Is Decline Imminent?
XRP price dipped to $0.56 on Friday as market selling pressure accelerated from geopolitical tension in the Middle East. This three-day decline is now testing the $0.54 support level, which has held for the past two weeks. Will a potential breakdown lead to a major correction, or could an anticipated settlement in the Ripple vs. […]
Bitcoin Down But Not Out: BTC To $700,000 Highly Probable Says Analyst
Bitcoin remains volatile at spot rates. Despite the spectacular recovery yesterday, August 1, the downtrend remains, at least for now. Specifically, looking at the candlestick arrangement in the daily chart, there could be more growth once prices break $70,000. Before then, traders are closely monitoring price action aware that there could be more losses, pushing […]
The BITCOIN Act of 2024
Following the announcement on July 27th at the Bitcoin conference in Nashville, the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide” or BITCOIN Act of 2024, introduced by Senator Cynthia Lummis of Wyoming, seeks to firmly establish Bitcoin as a strategic asset in the United States’ financial arsenal. At its core, the Act proposes […]
Morgan Stanley Becomes First Major Wall StreetBank to Offer Bitcoin ETFs to Eligible Clients
TL;DR The firm is authorizing its advisors to offer two bitcoin ETFs starting August 7, marking the first time a major Wall Street bank has taken this step. Only clients with a minimum net worth of $1.5 million and high risk tolerance will be able to invest in these ETFs. While Morgan Stanley is moving […]
Donald Trump Turns Down Debate With Kamala Harris, Here’s Why
In a riveting turn of events, Republican Party member Donald Trump again brushed off talks of a debate with Vice President Kamala Harris. Following a nationwide buzz across the United States regarding the presidential candidate rivals’ debate, the former U.S. president has today again turned away from the discussion, citing poll results. Donald Trump’s Poll […]
Bitcoin Difficulty Hits New ATH, What’s Next?
Bitcoin difficulty has hit a new all-time high (ATH) of 90,666,502,495,566 despite recent BTC volatility. Currently, the pioneer crypto trades are below $65,000 and look weak. Bitcoin Difficulty Hits All-Time- High Bitcoin network difficulty reached an all-time high of 90,666,502,495,566 on August 2, 2024, after a three-month decline. This surge reflects a robust and competitive […]
Bitcoin’s Anticipated Retail Resurgence
Bitcoin’s recent price action has been a rollercoaster of highs and lows. However, even though bitcoin has set a new all-time high and had two years of a near-constant positive trajectory, we’re yet to see a consistent influx of retail investors. The potential for a surge in retail participation and the possibility of elevating the […]