Ethereum (ETH), currently the second-largest cryptocurrency globally, is making significant progress this week as it inches closer to the highly anticipated $3,000 mark. This bullish momentum has sparked speculation among experts, wondering if ETH could potentially reach an impressive $4,000 by the end of February. One of the factors contributing to this positive sentiment is
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In the past 24 hours, XRP’s price surged above $0.57, indicating a positive momentum for the cryptocurrency. However, the bulls were unable to maintain the pressure, resulting in a slight dip to around $0.56. Nonetheless, this upward movement represents an impressive gain of over 10% since February 9th when XRP was trading below $0.52. Speculation
Tron Founder Justin Sun has recently shared an ambitious roadmap for Tron’s Bitcoin Layer 2 initiative, showcasing the protocol’s commitment to enhancing the interoperability and utility of blockchain technologies. The roadmap not only aims to boost the scalability, speed, and security of the Bitcoin network, but also seeks to integrate tokens on the Tron network
Coinbase, one of the major cryptocurrency exchanges in the United States, has recently released its financial report for the fourth quarter and full year of 2023. The report showcases the company’s impressive performance and provides insights into its future outlook. In the fourth quarter of 2023, Coinbase reported a net income of $273 million, with
The current sentiment surrounding Cosmos (ATOM) is mixed, with the cryptocurrency trading in a tight range between $8-12 for over 3 months while the rest of the market has experienced significant gains. After falling 1.7% in the past 24 hours, ATOM is now trading at $10.22. However, the recent reclaiming of the 20-day moving average
Iowa’s Judiciary Committee recently approved a digital asset bill titled “An act relating to commercial transactions, including control and transmission of electronic records and digital assets.” This progressive legislation aims to integrate digital assets and electronic records into commercial transactions, addressing the complexities and opportunities presented by digital assets within the legal framework of commerce.
Bitcoin has undergone a significant technical formation known as the “Cup and Handle” pattern, as identified by Matt Dines, the Chief Investment Officer at Build Asset Management. This pattern, which resembles a cup and handle, is considered a strong bullish signal and is closely followed by market analysts and traders. The formation of this pattern
Genesis Global, a prominent cryptocurrency company, has received approval from the bankruptcy court to sell approximately 35 million shares of Grayscale Bitcoin Trust (GBTC), with an estimated value of $1.3 billion. This decision, made by U.S. Bankruptcy Judge Sean Lane in a court hearing held in White Plains, New York, grants Genesis the authority to
Lamborghini, renowned for its opulent sports cars, is making headlines in the digital realm with its recent announcement. Teaming up with VeVe, a well-known digital marketplace for premium licensed digital collectibles, Lamborghini is set to unveil a new NFT car collection on February 18. NFTs have been gaining traction as a distinctive method to own
In a recent testimony to Congress, Brian Nelson, the Undersecretary for Terrorism and Financial Intelligence at the US Department of the Treasury, debunked widely held beliefs about the extent of cryptocurrency’s role in funding terrorist activities. Nelson’s insights, shared during the House Financial Services Committee hearing, challenged the narratives perpetuated by previous reports, specifically regarding