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
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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
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…
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…
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…
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
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
Dogecoin is showing bearish signs below the $0.150 resistance zone against the US Dollar. DOGE could accelerate lower if it breaks the $0.140 support. DOGE price is moving lower below the $0.150 support zone. The price is trading below the $0.1450 level and the 100-hourly simple moving average. There was a break below a key bullish trend line with support near $0.1425 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price must settle above $0.1450 to gain bullish momentum and continue higher. Dogecoin Price Dips…
XRP price failed to stay above the $0.4840 support zone. The price declined and tested the $0.4750 support zone, and is now at risk of more losses. XRP extended losses and traded below the $0.4840 support zone. The price is now trading below $0.4880 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $0.4880 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could recover, but the upside might be limited above the $0.4920 resistance. XRP Price…