Bitcoin’s price has surged past $89,000 following Trump’s election victory, sparking optimism among crypto investors. The total cryptocurrency market value has risen to $3.1 trillion, driven largely by speculation around Trump’s potential crypto-friendly administration, institutional interest, and promising regulatory trends. In the wake of Donald Trump’s decisive win in the recent US presidential election, Bitcoin … Read more
In 2024, being well-informed about cryptocurrency is easier than ever with these top 10 Android apps designed for real-time news and alerts. From comprehensive industry insights to portfolio management tools, these applications serve both seasoned traders and curious newcomers, offering essential resources for navigating the bustling world of digital currencies. In the fast-paced world of … Read more
The impending collapse of fiat currencies is driven by inflation, changing investment trends, advancements in blockchain technology, diminishing trust in central banks, and public discontent with government policies. This shift towards cryptocurrencies, like Bitcoin, is reshaping the financial landscape, promising greater decentralization and democratization of money in the coming decade. In a world increasingly driven … Read more
India is set to delay any specific legislation for cryptocurrencies and Web3 until 2025, as highlighted by lawmaker Jayant Sinha. He emphasizes the importance of balancing innovation and safety in light of evolving global standards and upcoming elections in major nations. Concerns around the volatility in the crypto market further complicate legislative efforts. India is … Read more
Jim Cramer has reversed his bearish stance on Bitcoin, now calling it a “technological marvel” as its price surpassed $45,000. Noting that it’s likely here to stay, he acknowledged previous skeptics like Charlie Munger. However, he also cautioned that the upcoming ETF approvals could lead to market fluctuations, indicating a nuanced view of Bitcoin’s future. … Read more
JPMorgan’s report indicates that Ethereum has become more centralized following the Merge and Shanghai upgrades. The increase in ETH staking has diminished staking yields from 7.3% to 5.5%, reducing ether’s attractiveness. Liquid staking platforms like Lido are adding node operators to combat centralization, but risks remain, including rehypothecation, which can lead to cascading liquidations. In … Read more
Block, led by Jack Dorsey, is implementing a dollar cost averaging program to increase its bitcoin holdings by allocating 10% of monthly bitcoin profits to buy more of the cryptocurrency. With an impressive valuation of $4.7 billion from its previous bitcoin investments, Block’s initiative aims to guide other companies in integrating bitcoin into their financial … Read more
Ripple is set to acquire Standard Custody & Trust Co., enhancing its regulatory standing in the U.S. This marks Ripple’s second custody-focused acquisition, allowing them to provide in-house services and expand beyond payments. President Monica Long views this as a long-term strategy to offer more infrastructure to financial institutions, despite ongoing regulatory challenges with the … Read more
Robert Mitchnick from BlackRock reported limited client interest in Ethereum, favoring Bitcoin, which overshadowed other cryptocurrencies. While BlackRock is advancing in the crypto sphere with a Bitcoin ETF and a new tokenized fund, demand for lesser-known crypto assets remains minimal. In a recent discussion at the Bitcoin Investor Day conference, Robert Mitchnick, head of BlackRock’s … Read more
Elon Musk’s X (Twitter) has acquired a currency transmitter license from Rhode Island, potentially allowing cryptocurrency transactions on the platform. Amid the excitement, Musk confirmed plans focus on existing currencies rather than launching new coins. This move signals a significant shift in the crypto landscape, stirring markets, especially for Dogecoin, which saw price increases following … Read more