Cryptocurrency Analysis and News Portal
The shares of Iris Energy (IREN), a Sydney-based company that mines bitcoin primarily with renewable energy, has the potential to rise more than 100% in the next 12 months, JPMorgan analysts led by Reginald Smith wrote.Iris Energy is “a cheap way to play the digital gold rush,” said JPMorgan’s analysts,
Read More
The launch is part of a broader offering by ETC Group, which says it has plans to list five new cryptocurrency products this month. The ETCs would offer investors exposure to a handful of fast-growing layer 1 blockchains, including Tezos, Polkadot, Solana, Stellar and Cardano. Original Source
Read More
“With up to $15 trillion of wealth expected to flow into digital assets over the next 10 years, we are witnessing the birth of a new global asset class and economic system,” Aries Chairman Thane Ritchie said in the statement. “InfiniteWorld’s unparalleled technology infrastructure underscores the transition of commerce to
Read More
Myanmar’s shadow government, the National Unity Government (NUG), made up of ousted leader Aung San Suu Kyi’s supporters has recognized stablecoin tether (USDT) as its official currency, according to a Bloomberg report on Monday.NUG’s Finance Minister Tin Tun Naing said in a Facebook post that the NUG will now accept
Read More
Cryptocurrency exchange AscendEX suffered a hack for an estimated $77 million following a breach of one its hot wallets.On Sunday, AscendEX announced via Twitter that it had identified a number of unauthorized transactions from one of its hot wallets on Saturday.Assets not affected have been transferred to cold wallets while
Read More
The S&P 500 and the Nasdaq Composite rose 3.8% and 3.6% last week, their biggest weekly ascents since early February, even as a report showed U.S. inflation climbed to a four-decade high in November, sealing the deal for a faster unwinding of the crisis-era stimulus by the Federal Reserve (Fed).
Read More
It relied on smart contracts to execute crypto-to-crypto trades, and later branched out to include lending, staking, and non-fungible token (NFT) services. Developers further expanded Sushi’s capabilities to include nearly 24 other blockchains and layer 2 solutions, a move that helped it lock over $10 billion in assets at one
Read More
Mubadala Investment Company, one of United Arab Emirates’ sovereign wealth funds, is looking at investments in the ‘crypto ecosystem,’ CEO and Managing Director Khaldoon Al Mubarak said in an interview with CNBC.“I think its (crypto) is real, this is a business that had $200 billion worth of value two years
Read More
Prices have mirrored the increasing supply as demand for newer bitcoin heats up. The asset exchanged hands for less than $0.10, when 10% of the supply was mined in early 2010, and hovered over $7.50 when 50% of the supply was mined in December 2012. As of press time, it
Read More
Effective immediately, Binance Singapore will not accept any new users, and will not allow existing users to deposit assets on the exchange. Users can continue trading in crypto until Jan. 12, 2022. After that, they will only be able to withdraw crypto and fiat assets to third-party platforms, until Feb.
Read More