Cryptocurrencies
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% […]
VeChain (VET) Price: Analyst Predicts $1.6 Surge Based on Bullish Signals
VeChain (VET), a blockchain platform designed for supply chain management and enterprise solutions, could be on the cusp of a significant price increase, according to prominent crypto analyst EGRAG CRYPTO. EGRAG CRYPTO, known for his bullish stance on VeChain, has identified a technical pattern suggesting a potential surge towards $1.6 in the long term. This […]
Ripple Wins Big Despite Lawsuit, XRP Volume Explodes: Is This a Bullish Sign?
Ripple, the blockchain payments company behind the XRP token, is riding a wave of positive developments despite ongoing legal challenges from the U.S. Securities and Exchange Commission (SEC). Recently, Ripple was awarded the prestigious 2024 Best Cross-Border Payment Platform award, solidifying its position as a leader in the FinTech space. This recognition comes amidst a […]
MicroStrategy Buys More Bitcoin as Price Drops – Saylor Sees Opportunity in Volatility
Bitcoin (BTC), the undisputed king of cryptocurrencies, has encountered a wave of volatility after scaling its all-time high of $73,797.68 last week. The flagship digital asset has shed nearly 13% since then, with analysts at JPMorgan Chase & Co. predicting a potential for further decline. Amidst this market jitters, Michael Saylor, the vocal Bitcoin bull […]
Bitcoin, ETH Struggle: Why Cryptocurrencies Like Bitcoin and Ethereum Are Taking a Dive
The once buoyant cryptocurrency market has hit a snag, with Bitcoin (BTC) and Ethereum (ETH) experiencing a notable price dip alongside other digital assets. This recent downturn can be attributed to a confluence of factors, including shifting market sentiment, evolving monetary policy stances, and heightened activity in the crypto derivatives market. Waning Optimism and JP […]