Jim Cramer, the host of CNBC’s Mad Money show, has endorsed ethereum and spot ether exchange-traded funds (ETFs), highlighting the cryptocurrency as a “great store of value” amid concerns over the U.S. dollar due to federal budget deficits. “I have ether because it’s a great store of value,” he affirmed. Jim Cramer on Ethereum and […] Source BitcoincryptoexchangeExchanges CryptoX Portal
UBS has raised its gold price forecast following a record surge in gold prices, driven by anticipated Federal Reserve rate cuts and a weakening U.S. dollar. The main factors behind the investment bank’s upgraded gold price prediction include softer U.S. economic data, increased central bank demand, and ongoing geopolitical uncertainties. UBS Revises Gold Price Prediction […] Source CryptoX Portal
During the week of May 19 to May 25, blockchain startups collectively raised over $258 million, spearheaded by decentralized social protocol Farcaster’s $150 million series A round. According to Crypto Fundraising, four startups raised $179.2 million in Series A rounds in the last seven days, while 12 startups got $24.1 million via unknown rounds. Crypto fundraising May 19 – 25 | Source: Crypto Fundraising Five startups gained $21.3 million from seed rounds; two locked in $20 million combined from strategic rounds. Another two startups earned $9 million from private rounds,…
Shiba Inu, known as the “Dogecoin Killer,” is eagerly anticipating a significant price leap. Market analyst Ashish has sparked excitement with a bold prediction: a 600% surge that could catapult the meme coin to an impressive $0.000075. Related Reading This bullish forecast comes after what Ashish describes as a nearly two-year-long slumber within a consolidation pattern. December 2023 saw Shiba Inu finally break free from this price purgatory, breaching a crucial resistance trendline. The breakout ignited a rally that culminated in a 370% surge, reaching a 2024 high of $0.000045…
Donald J. Trump tightened his recent embrace of crypto today, posting on social media “I am very positive and open minded to cryptocurrency companies and all things related to this new and burgeoning industry” as both sides in the upcoming presidential election appear to be seeking to win over pro-crypto voters. Source
Days after hitting a month-high of $3,943, the price of Ethereum (ETH) has begun to correct. The initial rise followed the U.S. Securities and Exchange Commission (SEC) approving applications from NASDAQ and the NYSE to list Ethereum exchange-traded funds. Although ETF issuers still need final approval before their products can launch, the SEC’s May 23 decision marked a significant and unexpected victory for firms that had made applications and the broader crypto industry. Until Monday, many had anticipated regulators would reject the filings. Nine issuers, including VanEck, ARK Investments/21Shares, and…
A widely followed crypto analyst says that Ethereum’s (ETH) balance on crypto exchange platforms is spiking amid a possible sell-the-news event. In a new thread, crypto trader Ali Martinez tells his 62,700 followers on the social media platform X that over the last two weeks, hundreds of thousands of ETH have been transferred to wallets linked to crypto exchanges. “Looking at Ethereum’s balance on exchanges reveals a spike in the tokens available to sell. Over the last two weeks, over 242,000 ETH have moved to cryptocurrency exchange wallets. This indicates…
Veteran crypto trader, Peter Brandt has issued a warning to the broader crypto community, stating that the industry has yet to experience its biggest disaster. Brandt boldly predicts that this catastrophe will be linked to cryptocurrency staking and the people involved in it. Related Reading Staking Could Lead To Crypto’s Greatest Disaster In an X (formerly Twitter) post on May 24, Brandt labeled crypto staking as one of the biggest threats to the digital currency space. According to the analyst, staking could become the harbinger of disaster for the industry,…
Jian Wen has been handed a sentence of six years and eight months in prison for her involvement in a Bitcoin (BTC) money laundering plot. On October 31, 2018, police raided Wen’s residence and found a wallet containing 61,000 Bitcoins, which were seized. The value of the confiscated BTC has since surged from £1.4 billion at the time to over £3 billion ($4 billion). Wen, 42, was allegedly enlisted by Yadi Zhang (also known as Zhimin Qian and dubbed “Crypto Queen”) to act as a “front person” for the operation.…
The crypto exchange giant OKX will shutter its digital asset trading services in Hong Kong at the end of the month. OKX says it decided to pull its application for a virtual asset trading platform license in Hong Kong “after careful consideration of the business development prospects.” The exchange will stop providing trading services on May 31st, though its customers will still be able to make withdrawals. OKX’s web3 self-hosted wallet will also continue to provide services to customers. OKX is one of ten crypto exchanges that have withdrawn their…