Bitcoin’s price has been a roller coaster of ups and downs recently. After stagnating for several days, the cryptocurrency made a strong move yesterday, breaking above $70,000 for the first time ever. However, this milestone was short-lived as Bitcoin was violently rejected and saw a significant drop in its price within minutes. This kind of
Crypto
Pantera Capital’s recent move to secure funds for the acquisition of heavily discounted Solana tokens from the bankruptcy estate of FTX has raised eyebrows in the crypto investment community. The Pantera Solana Fund, which aims to purchase up to $250 million worth of SOL tokens at a significant discount, has significant implications for both investors
James Check, lead Glassnode analyst, believes that Bitcoin (BTC) will surpass $250,000 in the current cycle. He attributes this bullish prediction to the strong conviction of long-term HODLers and the impact of institutional inflows into the market. Check points out that the recent entry of U.S. Bitcoin ETFs from BlackRock and Fidelity has initiated a
The influence of Millennials and Gen Z on the cryptocurrency market is undeniable. As more and more young people embrace digital currencies like Bitcoin, the landscape of investing is rapidly changing. According to a Coinbase study, 38% of Millennials and Gen Z have embraced cryptocurrencies, blockchain, and Web3. This trend signifies a shift in the
The Spanish data protection regulator, AEPD, has recently taken action against Worldcoin, instructing the company to stop collecting personal data through scans in the country. The regulator also ordered Worldcoin to refrain from using any data that has already been obtained. This decision came after a series of complaints regarding Worldcoin were filed since last
Recently, Binance.US has been dealing with significant challenges, including forced layoffs and a decline in revenue, all stemming from legal actions initiated by the U.S. Securities and Exchange Commission (SEC). According to court documents, the Chief Operating Officer of Binance.US revealed that the company had to let go of over 200 employees, which accounted for
Cryptocurrency skeptic and Euro Pacific Asset Management founder, Peter Schiff, recently sounded the alarm on Bitcoin, labeling it as the “ultimate asset bubble.” This warning came as Bitcoin’s price soared to over $61,500, sparking concerns among investors and experts alike. Despite Schiff’s cautionary words, the price of BTC continued to climb, surpassing $65K just four
In the world of cryptocurrency, XRP has been a topic of discussion among analysts who foresee a bullish future for the digital asset. Despite facing tough competition from Bitcoin and other altcoins, XRP has shown promising signs of growth in recent weeks. Analysts like Dark Defender have pointed out that XRP has been hovering around
The anticipation surrounding the potential launch of an Ethereum spot ETF is met with caution and skepticism, according to Bloomberg ETF analyst Eric Balchunas. Despite the success of multiple Bitcoin spot ETFs in the United States, Balchunas believes that an Ethereum ETF launch would pale in comparison. He describes it as “small potatoes” compared to
Friend.tech, a Web3 social platform, made headlines when its investors made a surprising decision to forego their rights to sell tokens to users. This move effectively handed full control over the funds to the users, a bold and unconventional step in the world of decentralized social media. Despite experiencing a decline in both criticism and