U.S. Jobs Report Sparks Market Speculation and Bitcoin Rally
The report revealed that nonfarm payrolls increased by 175,000 jobs in the U.S., slightly below the market forecast of 240,000 and down from the previous month’s figure of 303,000. While this moderate growth signals ongoing recovery, it fell short of more optimistic projections. Concurrently, the unemployment rate ticked up slightly to 3.9%, contrary to expectations […]
Tesla Scraps Model 2, Aims for Faster Affordable Cars on Existing Platforms
Tesla is making a strategic shift in its new vehicle development. The company announced plans to introduce “more-affordable models” by early 2025, prioritizing faster production using existing platforms and production lines. This comes after Tesla reportedly shelved plans for the highly anticipated $25,000 Model 2, which was envisioned as a significant leap forward in manufacturing […]
VeChain’s Partnership with UFC Sparks Excitement: Will VET Witness a 25% Surge or Reach a New All-Time High?
VeChain, a blockchain platform focusing on real-world applications, has partnered with the Ultimate Fighting Championship (UFC) to introduce a novel concept: tokenized fight gloves. Equipped with near-field communication (NFC) chips, these gloves will track fight data and authenticate their genuineness on the VeChainThor network. Debuting at UFC 300 on April 13th, these gloves represent a […]
Bitcoin Leads Crypto Crash: BTC, ETH, SOL, XRP, and SHIB Tumble Amidst Market Correction
The cryptocurrency market experienced a significant downturn this week, with the global market capitalization plunging over 8% to a low of $2.38 trillion. This selloff resulted in a loss exceeding $250 billion in market value. Bitcoin Triggers Market Selloff Bitcoin, the leading cryptocurrency, bore the brunt of the selloff, with its price dropping from $70,978 […]
Bitcoin Miners Look Beyond Halving: Network Fees and Price Key to Profitability
The upcoming Bitcoin halving, scheduled for April 20, 2024, will see block rewards for miners cut in half, from 6.25 BTC to 3.125 BTC. This has traditionally meant a drop in profitability for miners, forcing some smaller firms out of business. However, industry experts believe things might be different this time around. Also Read: Bitcoin […]
Breaking: Ripple Labs To Issue Transparency-Focused Stablecoin To Rival USDT and USDC
American blockchain payments firm Ripple Labs Inc. has shaken the cryptocurrency scene with its announcement of a new stablecoin designed to compete with current market leaders. The stablecoin, pegged 1:1 to the US dollar, promises to address transparency concerns that have plagued existing options. Transparency at the Forefront Ripple Labs is setting its stablecoin apart […]
Crypto Giant Binance Faces Trial in Nigeria: Money Laundering and Tax Allegations Cast a Shadow
The world’s leading cryptocurrency exchange, Binance, is facing a legal storm in Nigeria. Two of its executives, Tigran Gambaryan and Nadeem Anjarwalla, are set to be arraigned before the Abuja Federal High Court on Thursday, April 4th. Serious accusations of money laundering and tax evasion have cast a shadow over the platform’s operations in the […]
Tether Doubles Down on Bitcoin, Surpasses 75,000 BTC in Reserves
Tether, the company behind the world’s leading stablecoin USDT, has been making significant strides in the Bitcoin accumulation race. A recent acquisition of 8,889 BTC has bolstered their reserves to over 75,000 BTC, valued at more than $5.3 billion. This move highlights Tether’s evolving strategy, venturing beyond its core stablecoin business and embracing diversification and […]
Bitcoin Bulls Charge as Halving Event Nears: $75,000 and Post-Rally Surge Anticipated
The highly anticipated Bitcoin halving event looms large just 20 days away in April 2024. As the countdown intensifies, Bitcoin (BTC) has exhibited encouraging signs with a recent price surge. At press time, BTC is trading around $69,500, boasting a market cap of $1.366 trillion. Strong Breakout Paves the Way for Halving Crypto analyst Rekt […]
Avalanche (AVAX): Price Dip Incoming – Buy Now or Wait for a Deeper Drop?
Avalanche (AVAX), a popular smart contracts platform, has experienced a price correction in the past 24 hours. While the long-term outlook remains positive, technical indicators suggest a potential for further dips before a potential rebound. Recent Price Drop and Momentum Divergence AVAX’s price dropped from $65.39 to $56.89 within the last day, reflecting a 12.9% […]