As bitcoin and the broader crypto market have surged, shares of publicly traded mining companies have seen substantial growth. Data shows that, in the last five days, stocks of many of these firms have experienced double-digit increases in value against the U.S. dollar. Publicly Traded Mining Companies See Major Uptick Publicly-listed firms linked to the […] Original
The cryptocurrency market was rattled as Dogecoin (DOGE) experienced a significant 5% decline in value, sending shockwaves through the industry. This decline, which caught many investors off guard, is attributed to a combination of factors that have created a cloud of uncertainty around the popular digital asset. Firstly, the overall market sentiment towards cryptocurrencies has been bearish, with many investors becoming more cautious due to regulatory concerns and the ongoing legal troubles of influential figures in the industry. Elon Musk’s Issues Affect Dogecoin Price Elon Musk, the enigmatic figure known…
The CKB token of Nervos Network has rapidly soared by over 55% shortly after developers released RGB++, an extension protocol base designed to work with Bitcoin. According to data from CoinMarketCap, Nervos Network‘s CKB has experienced a noticeable surge of over 55% following the release of RGB++, an extension protocol designed to enhance compatibility with Bitcoin. Over the past 24 hours, the trading volume of CKB increased by over 1,800% up to $116.4 million, data shows. CKB price in USD | Source: CoinMarketCap This surge propelled the token to levels…
Polymarket has several other betting contracts tied to bitcoin and ether. One, floated in December, allows traders to speculate on whether the BTC price will rise to a record high on Binance on or before March 31. As of writing, shares in the Yes side of the contract traded at 18 cents, representing just an 18% probability of bitcoin climbing above $68,789 by the end of the first quarter. Source
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The crypto market is currently stable, with Bitcoin (BTC) holding its position and other altcoins benefiting from this trend. Solana (SOL), Avalanche (AVAX), and Galaxy Fox (GFOX) appear to be making progress. Galaxy Fox presale selling out fast Galaxy Fox combines meme coins, gaming, NFTs, and staking opportunities. It rewards its community in various ways and aims to reduce its supply over time, which could potentially increase its value. The…
Miles Deutscher, a renowned crypto analyst on X (formerly Twitter), recently announced the onset of what is poised to be the most monumental bull run in the history of crypto gaming. Deutscher’s commentary comes at a time when the sector is witnessing unprecedented growth, with notable milestones such as the fourfold increase in value of Heroes of Mavia since its launch, and the introduction of Gunzilla Games on the XBOX platform. 2024: A Breakout Year For Crypto Gaming? These developments have contributed to the gaming market cap reaching a staggering…
Analysts at blockchain firm Glassnode say the vast majority of Bitcoin holders are now at profit, with only 13% of the total supply held in a state of loss. With Bitcoin (BTC) reaching the $50,000 mark last seen in December 2021, only 13% of the total supply now held at a loss. According to Glassnode’s data, approximately 87% of Bitcoin was acquired below the $48,000 mark, with a significant concentration of short-term holders (those holding for less than 155 days) clustered between $40,000 and $45,000. In contrast, long-term holders, defined…
Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), has addressed inquiries from legislators concerning a security incident involving the SEC’s account on X. On Jan. 9, an unauthorized individual executed a SIM swap attack on the SEC’s account on X and falsely announced that the SEC had sanctioned several spot Bitcoin ETFs. Despite the initial message being fake, the SEC did indeed authorize those funds on Jan. 10. The incident triggered a swift response from Gensler, who reassured lawmakers of the SEC’s commitment to cybersecurity. In…
The Ethiopian state electricity company has reportedly signed power supply agreements with 21 mainly Chinese bitcoin miners. The African country’s pursuit of foreign exchange has seemingly taken precedence over the concerns often raised by climate change advocates. Ethiopia Set to Become the Preferred Destination for Chinese Bitcoin Miners Ethiopia’s state power company has entered into […] Original
San Francisco-based venture capital firm Founders Fund spent $100 million on Bitcoin, and another $100 million on Ethereum last year. In the summer of 2023, when Bitcoin (BTC) was trading below the $30,000 mark, Peter Thiel’s Founders Fund began actively buying BTC alongside Ethereum (ETH), the second-largest crypto by market capitalization, Reuters has learned, citing sources with direct knowledge of the matter. While the exact quantity of crypto assets acquired by Founders Fund remains undisclosed, the latest investment marks the firm’s re-entry into the crypto space after divesting its stake…