Francis Suarez, the current mayor of Miami and GOP presidential candidate, has made a bold statement in support of cryptocurrencies. In a recent podcast interview with The Block, Suarez revealed that he was already receiving a portion of his mayoral salary in Bitcoin and intended to continue this practice if elected to the highest office […]
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 […]
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 […]
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 […]
Binance, one of the world’s leading cryptocurrency exchanges, has announced its intention to modify its zero-fee Bitcoin trading program. Starting from September 7, the exchange will implement updates to the zero-fee Bitcoin trading for the Bitcoin/True USD (TUSD) spot and margin trading pair. This means that users will still encounter no maker fees when conducting […]
Coinbase Assets has announced that it will temporarily halt trading for six particular cryptocurrency assets, effective September 6, 2023, at 9 AM PT. The affected cryptocurrencies are BarnBridge (BOND), DerivaDAO (DDX), Jupiter (JUP), Multichain (MULTI), Ooki (OOKI), and Voyager (VGX). This move will mean that these assets will no longer have access to Coinbase services […]
