Pharmaceutical giants Eli Lilly and Novo Nordisk have seen their value more than triple in less than three years. Their combined corporate value, which consists of market capitalization plus net debt, was around $360 billion at the height of the COVID-19 pandemic in February 2021. It has since grown to a trillion dollars.The rapid rise […]
The Shiba Inu team has made a significant move in the cryptocurrency market by burning 200 Ethereum (ETH), equivalent to $475,366. This action is aimed at reducing the circulating supply of the meme coin, sparking widespread discussion in the crypto community. The question on everyone’s lips is whether this could be the catalyst that propels […]
Bitcoin’s price experienced dramatic swings yesterday following a hack on the US Securities and Exchange Commission’s (SEC) official X account. A fraudulent tweet was posted at 4:11 PM EST on Tuesday, falsely claiming the approval of a spot Bitcoin exchange-traded fund (ETF).Within fifteen minutes, SEC Chair Gary Gensler responded with a statement on his X […]
Bitcoin’s price experienced dramatic swings yesterday following a hack on the US Securities and Exchange Commission’s (SEC) official X account. A fraudulent tweet was posted at 4:11 PM EST on Tuesday, falsely claiming the approval of a spot Bitcoin exchange-traded fund (ETF).Within fifteen minutes, SEC Chair Gary Gensler responded with a statement on his X […]
The crypto community is abuzz with the recent approval of spot Bitcoin exchange-traded funds (ETFs), a move hailed as “historic” by many. The news has led to a surge in activity on social media platforms, with the hashtag #BitcoinETF trending and the search term “Bitcoin ETF” reaching a maximum score of 100 on Google Trends.Eleven […]
In a surprising turn of events, Ethereum has overtaken Bitcoin in derivatives trading volume. This shift in market dynamics was observed as options traders scaled back in the Bitcoin market, while Ethereum saw a rise in open interest. This change in trader behavior followed a spoof by the SEC that sent the crypto markets into […]
The crypto community is abuzz with the recent approval of spot Bitcoin exchange-traded funds (ETFs), a move that many have hailed as “historic”. The approval has led to a surge in activity on social media platform X, with the hashtag #BitcoinETF trending and the search term “Bitcoin ETF” reaching a maximum score of 100 on […]
In a landmark decision, the U.S. Securities and Exchange Commission (SEC), under the leadership of Chair Gary Gensler, has approved the country’s first Bitcoin-tracking exchange-traded funds (ETFs). This move is a significant milestone for Bitcoin and the broader cryptocurrency sector.The SEC has given the go-ahead to 11 ETF applications from major industry players such as […]
In a surprising turn of events, customers of the bankrupt crypto lender, Celsius Network, are now facing legal action from bankruptcy managers. This follows substantial withdrawals made within 90 days before the company’s bankruptcy declaration. The managers are demanding that these customers return some of their funds or potentially face further legal consequences.The legal dispute […]
The term “ultrasound money” has been frequently used within the Ethereum (ETH) community, often to describe the network’s potential to become a deflationary asset with superior tokenomics to Bitcoin (BTC). This narrative has its supporters and detractors, with some arguing it is based on overly optimistic assumptions.A developer known as antiprosynthesis.eth has challenged the “ultrasound […]
