Tag: Firm

Why Litecoin Won’t Break Out—Analytics Firm Reveals the Cause

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The market intelligence platform IntoTheBlock has explained the reason why Litecoin has been stuck inside the $90 to $130 range recently. Litecoin Exchange Netflow Has Followed An Interesting Pattern Recently In a new post on X, the analytics firm IntoTheBlock has discussed about a pattern that the Litecoin Exchange Netflow has shown during the recent phase of consolidation in the asset’s price. The “Exchange Netflow” here refers to an on-chain indicator that keeps track of the net amount of the cryptocurrency that’s entering into or exiting the wallets associated with…

Feds Say AI Crypto Firm Was a Scam, Owner Faces Trial

A Las Vegas businessman, Brent C. Kovar, 58, has been indicted for allegedly orchestrating a $24 million cryptocurrency Ponzi scheme through his company, Profit Connect. Prosecutors claim Kovar falsely promoted Profit Connect as an artificial intelligence-powered cryptocurrency mining firm that guaranteed fixed investment returns of 15%-30% APR and falsely implied FDIC backing. From 2017 to […] Source CryptoX Portal

Bitcoin Faces CPI Shock—Research Firm Says ‘Buy The News’

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Este artículo también está disponible en español. Bitcoin and the broader crypto markets faced a jolt on January 12 after the latest US Consumer Price Index (CPI) data came in hotter than expected. The shock sent Bitcoin briefly downward before bouncing back, spurring a range of reactions among traders and analysts. The US Bureau of Labor Statistics released figures showing a 0.5% month-over-month rise in CPI, placing annual inflation at 3.0%—above the previously anticipated 2.9%. Meanwhile, Core CPI (excluding volatile food and energy costs) grew by 0.4% month-over-month, settling at…

Japanese Game Firm to Allocate $6.58 Million for Bitcoin Acquisition

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Japanese mobile game developer Gumi Inc. announced plans to purchase 1 billion yen ($6.58 million) in bitcoin, aiming to bolster its blockchain initiatives and capitalize on cryptocurrency market opportunities. Gumi Unveils Bitcoin Purchase Plan and Babylon Staking as Part of Web3 Expansion Strategy Gumi, a Tokyo-listed mobile game studio, disclosed the decision following a board […] Original

$350K Bitcoin? Crypto Investment Firm CEO Predicts Massive Surge

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The Bitcoin space is buzzing again, but this time with eyebrow-raising predictions that seem almost too good to be true. Abra Global’s CEO Bill Barhydt has stepped into the spotlight with a series of ambitious forecasts that have left many in the crypto community both excited and skeptical. His vision for Bitcoin’s future price tag? A staggering $350,000. A Tale Of Two Economic Forces The basis of Barhydt’s forecasts is mostly on expected changes in American monetary policy. Reduced interest rates and possible quantitative easing are supposed to flood the…

Solana To $520? Investment Firm Drops Bombshell SOL Prediction

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Este artículo también está disponible en español. VanEck, a global investment management firm with a nearly 70-year history and a strong reputation in the exchange-traded funds (ETF) arena, has issued a striking price target for Solana (SOL). In a post shared on X on January 6, the New York-based firm projected Solana’s value to soar to $520 by the end of 2025. VanEck Predicts $520 By End Of 2025 For Solana VanEck’s thesis centers on Solana’s share within the smart contract platform (SCP) market, as well as the historical correlation…

Dogecoin Adoption Grows As Canadian Blockchain Firm Buys 1 Million Tokens

The cryptocurrency world is abuzz with Neptune Digital Assets Corp.’s recent acquisition of a substantial chunk of Dogecoin. The publicly-traded Canadian corporation has acquired a cool 1,000,000 DOGE units, apparently unconcerned by the erratic character of the meme-coin market. This is a bold move, indicating a strong conviction for the long-term viability of a cryptocurrency sometimes written off as a passing online joke. Is this, then, a wise investment or a risky gamble? Strategic Acquisition And Future Expansion Following their strategic purchase, Neptune paid an average price of $0.37 for…

AI firm Genius Group’s Bitcoin holdings now worth more than its market cap

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Singapore-based artificial intelligence company Genius Group has boosted its crypto holdings, purchasing by an additional $2 million to 440 Bitcoin for $42 million. The Singapore-based AI and education company Genius Group now holds more Bitcoin (BTC) than its own market value. The company has increased its Bitcoin reserves to 440 BTC, adding another $2 million in purchases, it said in a Feb. 3 press release. Genius has now spent $42 million on Bitcoin at an average price of $95,519 per BTC. But with Bitcoin trading at $104,893 as of Jan.…

Green energy tech firm Nuvve to allocate 30% of excess cash to Bitcoin

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Nuvve, which helps EVs share power with the grid, will invest up to 30% of its extra cash in Bitcoin to diversify the company’s treasury holdings. Nuvve, a public Californian company focused on connecting electric vehicles to the grid, said its board has approved holding Bitcoin (BTC) as a primary treasury asset. In a Jan. 28 press release, the San Diego-headquartered company revealed it would invest up to 30% of its excess cash, based on its estimated six-month operating expenses, into BTC. How much Bitcoin it actually buys will depend…

Bitcoin Price Top Could Be At $180,000 In This Cycle , Blockchain Firm Explains How

It has not been all rosy in the past week, but the digital asset market has reacted fairly well to the start of Donald Trump’s new administration. Specifically, the Bitcoin price has been able to weather the uncertain storm clouding the cryptocurrency market over the past few days. While the premier cryptocurrency might have slowed down in recent days, the latest on-chain observation shows that BTC is likely to continue its upward movement. Here’s how the token price might be gearing for another leg up over the coming weeks. Is There…