Considering the recent Bitcoin rally, American stockbroker and financial commentator Peter Schiff thinks that this may just be “another classic pump-and-dump” cycle. Bitcoin Rally Drawing New Speculations Earlier on Monday, the price of Bitcoin blew past the $50,000 threshold, marking the highest level the coin has reached in the last three years. The surge triggered […]
Solana’s SOL Price Drops Despite Phone Pre-Orders Surpassing 100K
Solana (SOL) has experienced a decline in its market price despite the overwhelming success of its mobile division. The blockchain company recently announced that pre-orders for its second crypto-enabled smartphone have surpassed 100,000 units in just over a month, a significant milestone that underscores the growing interest in crypto-integrated devices. However, this enthusiasm has not […]
FTX to Sell Digital Custody Unit for $500K, Down from $10M Buy
FTX, the crypto exchange that filed for bankruptcy in November 2022, will sell Digital Custody Inc (DCI), one of its subunits acquired in the past, for a fraction of the original purchase price. The sale of CoinList, a tokenized platform, is capped at $500k, unlike the $10 million on FTX paid for DCI during August […]
AI Giant NVIDIA Outranks Amazon as 4th Largest US Company
Based on the current outlook of the stock market, leading Artificial Intelligence (AI) firm NVIDIA Corp. has subtly outranked e-commerce company Amazon.com Inc. NVIDIA Hits $1.83T in Market Capitalization NVIDIA has hit a milestone with its recent 2.9% rise to a market value of about $1.83 trillion. With this value, the AI giant is now […]
Ethereum Staking Hits New High, Surpasses 25% Participation
Ethereum, the blockchain platform second only to Bitcoin in market capitalization, has achieved a significant milestone in its staking participation rate, surpassing the 25% mark. This development, highlighted by on-chain analytics firm IntoTheBlock, underscores a growing interest and confidence in Ethereum’s proof-of-stake (PoS) consensus mechanism. The increased staking participation demonstrates the community’s faith in Ethereum’s […]
Bitcoin ETF Debut Month Clocks Record Trading Volume
Bitcoin ETF approval stood as a landmark decision for the digital asset world. Since its debut, Bitcoin ETFs have garnered a lot of attention and have seen inflows stabilize slowly. According to a Bloomberg report, the ETF launch has now been termed “successful” as the trading has now surpassed multiple records. Bitcoin ETF was deemed […]
Digital Currency Group Hits 59% Revenue Boost in Q4: Details
Crypto-focused venture capital company Digital Currency Group (DCG) has announced its new revenue for the fourth quarter of 2023. Bitcoin Boosts Digital Currency Group Revenue Boost In a letter sent to investors, Digital Currency Group claimed to have had a 59% boost in its revenue in Q4, 2023. Compared to Q4 2022 when the consolidated […]
What’s Next For Dogecoin Price Amid Dwindling Whale Transaction Count
A breakout has been brewing for Dogecoin price since the beginning of the year, however, the largest meme coin is yet to find an escape. Stuck within a narrow range from support at $0.075 and resistance at $0.088, DOGE trades at $0.0811 during the American session on Monday. Can Dogecoin Breakout To $0.1? Although activity in the […]
Optimism Price Prediction As Buyers Eye Final Hurdle on Path to New All-Time-High
Optimism Price Prediction: Amid the broader crypto market’s recovery phase, Optimism has experienced significant buying interest, particularly above the $3 mark. Over the past week, this altcoin has risen from $3.08 to its present price of $3.76, marking a notable 22% increase. This upward movement has effectively recaptured 50% of the losses from the previous […]
XRP Price Surge To $1.4 Imminent If This Support Holds?
XRP is currently experiencing a minor uptick in its market performance, with a recent pullback. Within the last week, XRP price has consistently traded between $0.52 and $0.50, with an ascending trend. The past week showcased an impressive gain of over 5%, highlighting a strong buying interest. Alongside XRP, other cryptocurrencies, including BTC, have seen […]