In a bold move, the Stanford Blyth Fund, a student-run investment organization at Stanford University, made a significant investment in Bitcoin (BTC) at the price of $45,000 in February. This decision came after a compelling presentation by Kole Lee, a computer science major and leader at the Stanford Blockchain Club. Following Lee’s pitch, the Blyth
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Bitcoin’s price is currently breaking the previous all-time high to the upside, reaching towards the $70K level. The upcoming targets for BTC in the coming months are believed to be the psychological resistance levels of $70K and $80K. Despite this positive momentum, the Relative Strength Index is displaying an overbought signal, indicating a potential correction
The recent surge in Bitcoin’s price has caught the attention of investors around the world. With the price surpassing $70,000, it is clear that the bull run is far from over. One of the key indicators of this sustained growth is the fact that the federal funds rate for borrowing U.S. dollars has not yet
The year 2022 marked a period of turmoil for cryptocurrency lenders, with many well-known names such as BlockFi and Celsius Network facing a devastating crash. However, amidst the chaos, Nexo managed to emerge as one of the few survivors in this niche industry. According to Dimitar Bratovanov, Nexo’s Product Manager, the key to the company’s
The introduction of spot Bitcoin ETFs has caused a surge in trading volume, attracting new investors to the cryptocurrency market. This has created a sense of optimism that goes beyond just Bitcoin itself. However, despite this positive trend, the launch of a spot Ethereum ETF is still pending approval from the US Securities and Exchange
Bitcoin’s price has been on a wild rollercoaster ride in the past few days. After staying stagnant for a while, the cryptocurrency catapulted above $70,000 for the first time ever, only to be harshly rejected shortly after. This sudden spike and subsequent crash left many investors reeling as billions of USD were liquidated within minutes.
Pantera Capital’s recent move to secure funds from major investors in order to acquire heavily discounted Solana tokens from the bankruptcy estate of FTX has raised eyebrows in the cryptocurrency community. The company’s initiative to raise capital for the Pantera Solana Fund, which allows investors the opportunity to purchase up to $250 million worth of
There is a clear generational divide when it comes to the adoption and acceptance of cryptocurrencies, especially Bitcoin. According to financial analyst and strategist, Thomas Lee, Millennials and GenZ are more open to embracing cryptocurrency compared to Baby Boomers. This shift in attitude towards digital assets is evident in the increasing number of younger people
The lead Glassnode analyst, James Check, has made a bold prediction that Bitcoin (BTC) will surpass $250,000 in the current cycle. According to him, years of HODLer conviction will play a significant role in slingshotting the price of Bitcoin to unprecedented levels. In an interview with What Bitcoin Did, Check explained why he believes the
The Spanish data protection regulator, AEPD, has taken a decisive step by instructing Worldcoin to cease the collection of personal data in the country through scans. This action came after a series of complaints were lodged against Worldcoin since last summer. Concerns included the lack of transparency in data processing information, the collection of data
Recently, Binance.US has been grappling with significant hurdles, such as mandated staff layoffs and a notable decrease in revenue, all triggered by legal proceedings initiated by the U.S. Securities and Exchange Commission (SEC). Chief Operating Officer Christopher Blodgett unveiled in court documents that the company had to let go of more than 200 employees, which
Recently, Peter Schiff, the founder of Euro Pacific Asset Management and a known cryptocurrency skeptic, cautioned investors about the surge in Bitcoin prices, labeling it as the “ultimate asset bubble.” His remarks came as Bitcoin price soared past $61,500, reaching new heights. However, his skepticism seemed misplaced as the cryptocurrency continued to trade above $65K
Despite recent gains, Ripple’s XRP still lags behind Bitcoin and other altcoins in terms of performance. However, analysts remain optimistic about its future. Dark Defender highlighted XRP’s movement around the $0.64 Fibonacci level, with indicators like MACD and Ichimoku pointing towards further growth. Predictions suggest XRP could surpass $1 by April, with potential for an
Analyst Eric Balchunas from Bloomberg has expressed skepticism about the potential impact of an Ethereum spot ETF launch. While Bitcoin spot ETFs have seen massive success, Balchunas believes that an Ethereum spot ETF would pale in comparison. He described the launch as “small potatoes” compared to the Bitcoin ETFs, citing both anecdotal and public data
Friend.tech, a Web3 social platform, made headlines when its investors made the bold decision to waive their rights to sell tokens to users, giving full control over the funds to the community. This move comes at a crucial time for the decentralized social media protocol, which has seen a decline in both trading activity and
Recently, the Wall Street Journal released an investigative article shedding light on Tether, Bitfinex, and their affiliated companies. The article painted a picture of questionable practices employed by these entities in order to maintain their connections to the global banking system. As we delve deeper into the allegations presented in the article, it is crucial
Bitcoin (BTC) has recently achieved a new milestone by hitting an all-time high (ATH) against the euro (EUR) and the British pound (GBP), reaching an impressive $65,000 price level. This significant achievement comes as BTC soared towards 61,000 EUR for the first time in history, showcasing a remarkable 7% increase in just 24 hours. The
Bitcoin prices hit a new high of $65,500 in early trading on Monday, March 4, signaling a remarkable surge in value. This recent move has brought the cryptocurrency to its highest price level since November 2021, coming just 5% shy of its all-time peak recorded in the same month. The price jump has also seen
Shiba Inu has been gaining traction in the cryptocurrency market, thanks in part to its strong and active community. The community support is essential for meme coins like SHIB to maintain momentum and increase in popularity. As ChatGPT highlighted, continued support from the community could contribute significantly to the growth of Shiba Inu. The success
Bitcoin’s price has been on a remarkable upward trajectory, exceeding $62,000 and sparking discussions about the potential beginning of a significant bull run. The cryptocurrency market has been abuzz with excitement, while skeptics have been left in disbelief by the exponential surges witnessed in recent weeks. February’s rally marked the longest monthly green candle in
Ilya Lichtenstein, the infamous figure responsible for the massive theft of cryptocurrencies from Bitfinex, has now taken a surprising turn by assisting federal prosecutors in a case against Bitcoin Fog, a cryptocurrency mixing service. This unexpected development comes after Lichtenstein admitted to money laundering charges last year, following his hacking of Bitfinex which resulted in
Bitcoin has been on a relentless rally, surging past the $64,000 mark, but some on-chain indicators are now suggesting that the digital asset may be overheating. Market intelligence firm CryptoQuant has issued a weekly report highlighting the rising traders’ unrealized profit margin and the high cost of opening new long positions in the perpetual futures
In the midst of Bitcoin’s slight retracement below $62,000, meme coins have taken the spotlight this week with astonishing gains. One of the standout performers has been Dogwifhat (WIF), making massive waves in the cryptocurrency market. While the total crypto market cap has decreased slightly on a day-to-day basis, it has seen an increase of
Marathon Digital, a prominent Bitcoin mining company based in the United States, recently released its quarterly earnings report which surpassed analyst predictions by a significant margin. Despite this positive news, the company witnessed a slight dip in its stock price following the announcement. This unexpected turn of events may be viewed as a temporary setback,
MicroStrategy, a well-known business intelligence software company co-founded by Michael Saylor, has experienced an unprecedented surge in its stock price in recent weeks and months. Surpassing the performance of the largest US stock market indexes by a significant margin, MSTR’s success can be attributed to its substantial investment in Bitcoin. Since the beginning of the
In 2024, AI-related coins have shown a significant increase in value, with a combined return of 76% since the beginning of the year. The Artificial Intelligence (AI) coins market saw a 7% surge in just one day, pushing the market cap to an impressive $19.8 billion within a 24-hour period. Renowned entrepreneur and Bitcoin investor,
The recent agreement between crypto exchange Gemini and the New York Department of Financial Services (NYDFS) marks a significant milestone in the aftermath of the defunct Gemini Earn Program. The settlement deal requires Gemini to reimburse a minimum of $1.1 billion to customers who were affected by the program’s failure. This development sheds light on