Since the beginning of the year, Bitcoin has experienced an impressive surge in value. However, it seems that investing in Bitcoin mining companies has proven to be an even more profitable endeavor. These publicly-traded mining firms have seen remarkable growth, with their stock prices soaring over 100% since January 1. Some notable examples include Marathon
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The demand for cryptocurrencies, with Bitcoin at the forefront, has been steadily growing, and Paul Brody, the Global Blockchain Leader at Ernst & Young (EY), sheds light on this trend. In a recent CNBC interview, Brody highlighted the increasing interest in crypto, particularly from family offices. These entities, responsible for managing the vast wealth of
Germany’s renowned postal service, Deutsche Post, is about to make history with the introduction of its first-ever crypto stamp on the revolutionary Polygon blockchain. This groundbreaking initiative combines the timeless artistry of physical stamps with the transformative power of NFT technology. The inaugural stamp in the collection, featuring the iconic Brandenburg Gate, marks the beginning
The discussion surrounding spot Bitcoin exchange-traded funds (ETFs) continues to gain momentum, with major asset managers like BlackRock and Fidelity now entering the fray. SEC Commissioner Hester Peirce recently shared her thoughts on this development, highlighting the growing interest from both firms and investors. However, she also cautioned against making assumptions about regulatory decisions and
The crypto community is in an uproar after accusing The Wall Street Journal (WSJ) of spreading misleading information regarding Hamas’ cryptocurrency funding. In an article published on October 10, WSJ reported that Hamas had acquired approximately $90 million in cryptocurrency to finance an imminent attack on Israel. This revelation caught the attention of prominent crypto
Bitcoin’s price soared to new three-month highs on October 23, marking the first weekly close above $30,000 since the summer. As the week’s first Asia trading session commenced, BTC gained significant momentum, reaching $30,944 on Bitstamp. This surge propelled the cryptocurrency to challenge levels closer to key long-term resistance, including the 2023 high of $31,800.
The Shiba Inu ecosystem has rapidly gained popularity within the crypto industry, emerging as one of the fastest-growing communities. With the introduction of numerous tokens and ecosystem updates, the Shiba Inu project has undeniably made remarkable progress. However, it still has a long way to go. In an unexpected announcement, a core member of the
Meitu (1357), a Hong Kong-listed company known for its ventures into cryptocurrencies, recently announced a significant shift in its business focus. While the company made headlines in 2021 for its investments in cryptocurrencies amounting to around $100 million, it has now revealed that its growth is primarily driven by its artificial intelligence (AI) business. This
The recent fraud case involving JPEX crypto exchange has prompted Hong Kong’s Customs and Excise Department to take a closer look at cash-for-crypto shops and their associated money-laundering risks. Traditionally, money changers in Hong Kong are overseen by the department, but over-the-counter (OTC) cryptocurrency exchange shops currently operate without licensing or regulatory oversight, making them
U.S. cryptocurrency exchange Coinbase has taken a significant leap forward in its global expansion strategy by selecting Ireland as the location for its European MiCA (Markets in Crypto-Assets) hub. This move enables Coinbase to tap into a vast market of 450 million individuals across 27 countries under a single regulatory framework and national supervision, bringing
Uniswap founder Hayden Adams recently made headlines by burning a staggering 99% of the HayCoin (HAY) supply. In an announcement on X (formerly Twitter), Adams expressed concerns about price speculation and the memecoin-like behavior surrounding the token. This move has not only removed a significant portion of the tokens from circulation but also sparked discussions
The approval of a spot Bitcoin ETF by the United States Securities and Exchange Commission (SEC) has been a highly debated topic for many months. This discussion intensified when BlackRock, the world’s largest asset manager, filed an application for a Bitcoin ETF. The anticipation surrounding this potential approval reached new heights recently when a false
Over the past week, Bitcoin has experienced a notable increase of 10.50%, with significant gains seen throughout the period. One of the main catalysts for this price surge was the spread of fake news regarding the approval of the BlackRock iShares Bitcoin Spot ETF. On Monday, Bitcoin shot up by 7% in response to this
The Federal Bureau of Investigation (FBI) has recently taken action against a group of individuals involved in an unlicensed money-transmitting business that utilized cryptocurrency as a tool for money laundering. The accused individuals are now facing charges related to their involvement in converting Bitcoin and other cryptocurrencies into cash. This criminal enterprise took place between
Bitcoin has experienced a gradual uptrend, breaking above key resistance levels and instilling a bullish sentiment in the market. However, there are signs of a potential consolidation correction stage in the futures market, indicating a need for careful observation. Upon analyzing the daily chart, it is evident that the price of Bitcoin has found significant
Ripple, the popular blockchain platform, recently achieved a significant legal victory in its ongoing battle with the United States Securities and Exchange Commission (SEC). The SEC announced its intention to dismiss all claims against Ripple CEO Brad Garlinghouse and executive chair Chris Larsen on October 19, 2021. This development marked a major win for Ripple
Crypto financial services platform Matrixport has conducted an analysis on the potential effects of a spot Bitcoin exchange-traded fund (ETF) on the cryptocurrency market. According to their newly released report, if the US Securities and Exchange Commission (SEC) approves a spot Bitcoin ETF, it could push the price of Bitcoin between $42,000 and $56,000 per
Ras Al Khaimah, one of the seven Emirates of the United Arab Emirates, has taken a significant leap towards economic diversification with the launch of RAK Digital Assets Oasis (RAK DAO). This groundbreaking free zone is exclusively dedicated to digital and virtual asset companies, positioning the emirate as a progressive hub for emerging technologies. RAK
Binance, the leading cryptocurrency exchange, has experienced a significant decrease in trading volume recently, with more than $1 billion in net outflows in the past 24 hours. This information comes from DeFillama CEX’s transparency dashboard, which reveals that Binance witnessed $1.4 billion in net outflows during this period. The majority of the withdrawn assets include
In recent times, On-Chain trading has experienced tremendous growth, attracting the attention of traders and investors worldwide. Among the various tokens that have emerged, XSHIB token stands out as the latest meme coin breakout, capitalizing on the popularity of its Shiba Inu predecessor. With explosive price action and an impressive ecosystem, XSHIB has quickly become
Cybersecurity analysts have recently uncovered a troubling trend in the world of blockchain technology – the emergence of a new attack vector known as “EtherHiding.” Contrary to what its name may suggest, EtherHiding has little to do with Ethereum itself. Instead, it is a method employed by nefarious actors to conceal malicious code within blockchain
The cryptocurrency industry is no stranger to the rise and fall of various projects. Superdao, a platform founded to support the development of decentralized autonomous organizations (DAO), recently announced its decision to shut down operations. This article delves into the reasons behind Superdao’s closure and explores the broader lessons learned from this failed crypto venture.
The Conflux price has experienced a significant decline, falling by 3% in the past 24 hours alone. This drop, with the token now valued at $0.103716, marks a concerning 9% loss in just one week. Unfortunately, this downward trend has been persistent for the past few months, as the native token of the Chinese layer-one
Since its inception, Ethereum has faced relentless criticism from Bitcoin maximalists who argue that Bitcoin is the only valuable cryptocurrency. Despite holding the second-highest percentage of the cryptocurrency market value, Ethereum continues to be targeted by skeptics. Recently, prominent Bitcoin enthusiast Steve Barbour went as far as labeling Ethereum as “garbage” and questioning its future.
Grayscale Investments recently took a significant step forward in its quest to list shares of Grayscale Bitcoin Trust (GBTC) on NYSE Arca. On October 19, the company filed an S-3 registration statement with the U.S. Securities and Exchange Commission (SEC), indicating its intention to register and issue shares under the GBTC symbol. This move demonstrates
Macy’s has recently launched mstylelab, an exciting digital fashion platform that can be accessed from any device and browser at macys.com/mstylelab. This innovative initiative is part of Macy’s web3 digital strategy, which aims to merge the worlds of fashion and technology. mstylelab is set to revolutionize the way consumers engage with fashion and represents the
Ethereum layer-2 scaling solutions Starknet and zkSync have shown growth in their total monthly active developer counts, bucking the downward trend seen in other platforms such as Ethereum, Polygon, and Solana, according to data from Electric Capital’s updated developer report. While Starknet and zkSync recorded increases of 3% and 6% respectively, Ethereum, Polygon, and Solana