Bitcoin demand in the United States has seen a notable uptick following Federal Reserve Chairman Jerome Powell’s recent speech at the Jackson Hole symposium. However, this increase hasn’t yet spilled over into the broader crypto market. According to a report by CryptoQuant, Bitcoin (BTC) has gained traction largely due to heightened interest from U.S. investors. … Read more
Murad Mahmudov, a former analyst at Goldman Sachs, has made a bold prediction, stating that Shiba Inu (SHIB) will surpass Dogecoin (DOGE) in the next crypto bull run. Currently, Dogecoin ranks as the eighth-largest cryptocurrency, boasting a market capitalization of $15.8 billion. Meanwhile, Shiba Inu holds the 13th position with a market cap of $8.8 … Read more
Brian Brooks, the former CEO of Bitfury, believes that the price volatility of XRP is as irrelevant as the fluctuations in Google’s stock were in its early days. Brooks argues that cryptocurrencies should be viewed as long-term investments in a decentralized financial system rather than short-term speculative assets. In a recent discussion at The Aspen … Read more
The U.S. consumer advocacy organization, Public Citizen, has released a report detailing how money from cryptocurrency companies could influence the 2024 U.S. elections. According to a report by Cointelegraph on Friday, August 23, 2024, Public Citizen’s August 21 report highlighted that crypto companies have spent approximately $119 million, to influence federal elections, primarily through contributions … Read more
Arthur Hayes, co-founder and former CEO of the cryptocurrency exchange BitMEX, has once again shared his insights on the crypto market, particularly focusing on Bitcoin. Hayes offered significant commentary on the future of the market in a recent blog post. In his post, Hayes stated that the much-anticipated “altcoin season” will not return until Bitcoin … Read more
African cryptocurrency exchange Mara has reportedly lost around $16 million, out of the $23 million raised from investors in 2022. According to a report from Bitcoin.com on Thursday, August 22, 2024, following the collapse of the exchange, Mara’s founder and CEO, Chinyere Nnadi, launched a new entity called Jara in January 2024. Nnadi claims that … Read more
Litecoin (LTC) has experienced a remarkable surge in trading volume, with a 16 percent increase at the time of writing, according to data from CoinMarketCap. This uptick in trading activity is accompanied by growing buying interest around the token, signaling renewed investor confidence in Litecoin. Since the significant market crash on August 5, triggered by … Read more
The leading cryptocurrency, Bitcoin (BTC), was priced at $59,182 on the morning of Wednesday, August 21, 2024, marking a 1.7 percent drop within 24 hours, according to data from Coingecko. This decline comes after Bitcoin showed promising growth throughout Tuesday, August 20, 2024, hovering around the $60,000 mark. Top analyst Michael van de Poppe shared … Read more
Staking platforms are essential for investors seeking passive income, and among the many emerging platforms, Crypto All-Stars stands out with its innovative approach. The groundbreaking MemeVault is designed to redefine the meme coin ecosystem. With over $590 million raised during its pre-sale, this new project is poised to shake up the crypto market with its … Read more
Bitcoin dominance is closing in on 60% of the total cryptocurrency market capitalization—a figure that is more than just a statistic. It’s a powerful signal shaking the crypto world, leaving many investors wondering: Will this dominance solidify Bitcoin‘s position, or could it mark the beginning of a downturn for altcoins? Let’s dive into what this … Read more