Analysts have flagged that Bitcoin has failed to deliver in the second quarter of 2024, falling behind stocks and bonds in terms of performance. According to Bloomberg, Bitcoin has underperformed compared to global equities, fixed income, and commodities this quarter. The flagship cryptocurrency has lost approximately 5% since the start of April through mid-June. After hitting a high of $73,798 in March, attempts to rally back to the position have failed to materialize. In the previous quarter, Bitcoin had soared 67% in the three months through March. Massively surpassing indexes…
Day: June 14, 2024
Cardano and MultiversX Join Web3 Innovation Initiative in Geneva with Launch of Lightningbox
Blockchain services provider STORM Partners made a major announcement during the Web3Fest, along with Cardano (ADA), MultiversX, and other major projects in the crypto space. During the event in Switzerland’s “Crypto Valley,” the company unveiled “Lightningbox,” a new Web3 Sandbox, and relocated its headquarters from Montreux to Geneva. The initiative aims to enable large enterprises in Europe to harness the potential of blockchain technology and lead their digital transformation efforts. STORM Partners Joins Cardano (ADA) To Accelerate Blockchain Adoption The Lightningbox initiative seeks to facilitate the widespread adoption of blockchain…
MicroStrategy (MSTR) Is Building the World’s Biggest Bitcoin (BTC) Company, Bernstein Says
Bernstein initiated coverage of the Tysons Corner, Virginia-based company with a $2,890 price target. The shares closed at around $1,484 on Thursday. The Nasdaq-listed firm currently holds 214,400 bitcoin. It began buying the cryptocurrency in 2020, adopting it as a reserve asset. Original
Bitcoin (BTC) Exchange-Traded Funds (ETFs) Saw $226M Outflows on Thursday, Led by Fidelity’s FBTC
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Bitcoin.com to Host $10k Crypto Giveaway In CoinPoker Freeroll Tournament
Mark the calendars, as this Sunday is poker night. Bitcoin.com is pleased to announce an exclusive, free-to-enter poker tournament for its readers, featuring a total prize pool of $10,000 (paid out in USDT). To gain entry, use the password: BITCOIN2024!. This huge crypto giveaway takes place on CoinPoker, at 7pm GMT on June 16th. How […] Original
why should crypto traders monitor US macro data?
Critical macro data were released in the United States at once, and the cryptocurrency market instantly responded to the latest reports. American authorities released several vital reports on June 12, including the Federal Reserve’s inflation data and interest rates. How did the crypto market react to the latest macro data? Inflation has slowed At the end of May, annual inflation in the United States slowed from 3.4% to 3.3%. This figure was below the consensus forecast of 3.4% and was the lowest since April 2021. The indicator excluding prices for…
Cardano Drops As Hoskinson Clarifies Relationship To Elon Musk
In a recent episode of the Thinking Crypto podcast, Charles Hoskinson, founder of Cardano, addressed the swirling rumors about a potential partnership with tech mogul Elon Musk. During the podcast, hosted by Tony Edwards, Hoskinson discussed various outreach efforts made to Musk’s companies, including offers of free work to combat bot issues on the platform formerly known as Twitter, now X. Hoskinson Denies Rumors Of A Partnership With Musk Hoskinson detailed several attempts by his team to connect with Musk’s companies, particularly X (formerly Twitter), where they proposed solutions to…
Investors flock to Rollblock amid Polygon and Ripple struggles
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. While Bitcoin maintains its dominance, Polygon, Ripple, and Rollblock are catching investors’ eyes with robust ecosystems and potential for growth. While Bitcoin has asserted its dominance in the crypto market, other top crypto coins are still struggling. However, there are top crypto coins with a robust ecosystem and strong utility. Tokens such as Polygon and XRP have witnessed massive ecosystem development and adoption in the past few months, triggering…
Moscow Exchange Stops Trading in Dollar and Euro Due to US Sanctions
On Wednesday, the Moscow Exchange (MOEX) announced new restrictions on its trading activities. The exchange revealed that, due to the enactment of U.S. sanctions against its platform, it would stop activity in all trading pairs involving the U.S. dollar and the euro. These measures came into effect on June 13th and affected FX, precious metals, […] Source
Kenyan Central Bank to Issue Licenses to Fintech Firms
The Central Bank of Kenya is amending the country’s payment systems law, which will allow it to issue operating licenses to fintech startups. Governor Kamau Thugge said he expects the bank to complete the process of amending the law soon. Central Bank Aims to Support Fintech Startups The Central Bank of Kenya (CBK) will soon […] Source CryptoX Portal