Bitcoin continues to be volatile around the $26,000 mark after a sharp drop last Thursday. However, the leading cryptocurrency is not expected to see significant gains before the upcoming halving, which is scheduled for April 20, 2024.Pantera Capital, a crypto-focused hedge fund, has predicted that the halving will cause Bitcoin to surge to $35,000 before […]
Nadir Hajarabi, who had been associated with the Worldcoin project since before its token launch, has publicly announced that he has cut all ties with the project. He did not disclose specifics, but revealed that he left due to several concerning factors he had witnessed, and made the final decision to leave after the release […]
The global economy is facing a new challenge as central banks attempt to combat post-pandemic inflation. As a result, balance sheets are shrinking, leading to a decrease in the amount of money available to businesses and consumers. This could have a significant impact on the global economy, as it could lead to a decrease in […]
Balancer, an Ethereum automated market maker and decentralized finance (DeFi) protocol, has warned users of a vulnerability that has put $2.8 million, or 0.42% of its total value locked (TVL), at risk. The protocol has set up a personal user interface on its website to determine if user funds are at risk, and suggests users […]
The cryptocurrency industry is making progress in many areas, allowing advisors and individual investors to gain a better understanding of the different tokens available. Custody and recordkeeping services are becoming more reliable, and the regulatory environment is evolving. In Canada, the regulatory environment is more mature than in the United States, but American regulators are […]
Nvidia’s stock prices reached a new record high on Aug 22, resulting in a surge in crypto tokens associated with artificial intelligence projects. The profits were largely from Nvidia’s AI unit, with revenue of its data center unit spiking by 171% YoY to reach $10.32 billion in Q2 2024.The market cap of the AI and […]
Ripple’s price has been on a downward trend, falling below the 100-day and 200-day moving averages at $0.55 and $0.49 respectively. However, a rebound occurred at the approximate $0.42 support level, pushing the price back above the 200-day moving average. The current price is bounded within a narrow range marked by the 100-day and 200-day […]
Jerome Powell, the Federal Reserve chairperson, has been facing criticism for his stance on using the same approach that helped the US get rid of inflation several decades ago. Arthur Hayes, the founder of BitMEX, has argued that the current economic and monetary conditions in the US are vastly different from what they were in […]
Bitcoin’s next halving event, set to take place in April 2024, could see the cryptocurrency’s price skyrocket to $148,000, according to Pantera Capital, the fifth-largest crypto hedge fund by AUM.The firm’s “Blockchain Letter” analyzed BTC’s past halving events and their subsequent impact on its price. It noted that the longest period of negative year-over-year returns […]
Bitget has announced the listing of Stellar (XLM), a project with a current market cap of $3.4 billion, on its crypto derivatives platform. Deposits and trading are now open, with withdrawals available from August 25, 2023. The XLM/USDT pair is supported in the Innovation Zone, which offers a 60-day valuation period for listed trading pairs.XLM […]
