Day: January 25, 2024

Eco acquires stablecoin shopping app Join

With $95 million in funding, Eco plans to deliver on crypto’s promises of mass adoption and reliable decentralized payments inclusive of existing mainstream platforms.  Eco, the builders behind Ethereum layer-2 wallet Beam, announced its acquisition of the stablecoin-based shopping app Join to bridge the gap between major merchants like Amazon, Shopify, and crypto users.  Beam Wallet from Eco is a self-custody wallet allowing users to make payments on Ethereum L2 networks like Coinbase’s Base and Optimism, with features like account abstraction that unlock advanced security and recovery pathways. The Eco…

This Is When Bull Run Will Peak According To Past Pattern

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An analyst has explained when the next Bitcoin bull run peak might appear, if the same pattern as in previous cycles repeats this time as well. This Is What Previous Bitcoin Cycles Suggest Regarding Bull Run Top In a new post on X, analyst Ali has discussed about how the last two Bitcoin bull runs line up against each other and what it could mean for the current cycle of the cryptocurrency. To make the comparison, the analyst has cited a chart that shows the price trend in each of…

Bitcoin looks to be long-term hedge against inflation

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The SEC’s nod to Bitcoin ETFs offers a new financial avenue against the backdrop of soaring U.S. national debt. The recent approval of Bitcoin ETFs by the Securities and Exchange Commission (SEC) marks a pivotal moment for cryptocurrencies in the United States. Avik, an analyst for Forbes, articulates that Americans can now purchase Bitcoin as a hedge against a potentially weakening U.S. dollar, which is under strain from the escalating federal debt. The SEC’s decision ensures the longevity of this alternative financial instrument. According to @truflation. US year on year…

Fastest-growing blockchain companies to watch in 2024

We’ve compiled a list of the fastest-growing crypto and blockchain companies to watch closely in 2024. This detailed exploration spotlights the achievements and growth metrics of the fastest-growing blockchain companies, providing insights into their developments throughout 2023. Their growth rates last year have put them on the list of entities to look out for in 2024. Yet, regulatory hurdles, market conditions, and security issues can affect even the top promising firms in the digital currency ecosystem. Fastest-growing blockchain companies Solana With 2,500 to 3,000 developers working on innovative solutions in…

Bitcoin Attracts Millions In Chinese Capital Despite Ban: Report

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Chinese investors remain resolute in their pursuit of Bitcoin, despite the government’s ban since 2021. Bitcoin continues to attract substantial investment from Chinese capital, as Reuters reports today. Mainland China Is Still Buying Bitcoin Dylan Run, a finance executive in Shanghai, epitomizes this trend. Concerned about China’s economic outlook and the sluggish domestic stock market, Run ventured into Bitcoin in early 2023. As detailed in the Reuters report, he employed an astute strategy, utilizing bank cards issued by rural banks and keeping each transaction below 50,000 yuan ($6,978) to evade…

Grayscale’s GBTC Profit Taking Likely Over, Easing Bitcoin (BTC) Selling Pressure: JPMorgan

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Swan Bitcoin Unveils BTC Mining Unit as Parent Company Prepares to Go Public

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The miners have faced a brutal crypto winter as their revenue is directly correlated to the price of bitcoin. At the depth of the bear market, many large miners, such as Core Scientific (CORZ), went bankrupt, and others barely hung on. However, the recent rally in bitcoin price, helped by the spot bitcoin ETF, has helped the mining economics and even seen companies, such as Core, coming out of bankruptcy. Original

PEPE might recover as new meme coin with GameFi utility conducts presale

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Investors of a popular meme coin, Pepe Coin (PEPE), have been patiently waiting for a breakout as the coin has been in a sideways trend since late October. Meanwhile, some investors are exploring new meme coin presales with potential. Meme Fighter, which combines GameFi with memes, has been garnering attention. Their native token, MOFO, aims to provide utility to PEPE and other meme coins via a cross-chain platform of…