Cryptocurrency Analysis and News Portal
Strategists at UBS Investment Bank are forecasting massive interest rate cuts by the U.S. central bank, and this is seen as bullish for Bitcoin. The decreasing inflation, according to UBS, makes it possible for the U.S. central bank (Federal Reserve) to begin reducing interest rates as early as March. This
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Last week, Bitcoin (BTC) closed at around $37,000, up by 5.9% compared to the previous week’s closing value of $35,000. The week showcased robust price action, witnessing BTC’s fluctuations with consecutive daily price increases from Monday to Friday. The highest trading price was observed on Thursday, nearly reaching $38,000. Following
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The Block, a crypto-focused media company, sold a majority stake of its company to a venture capital firm in Singapore, according to Axios, which has valued it at $70 million.Foresight Ventures, the firm behind the deal, is buying an 80% stake for $60 million. The venture capital (VC) firm says
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Ethereum co-founder Vitalik Buterin saw his cryptocurrency holdings surge in value by over $57 million in a single day, according to data gathered from blockchain analytics platform Arkham Intelligence. The platform reported that the assets held in Buterin’s publicly known addresses grew from $468 million on November 9 to $525 million
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The native token of the Sui blockchain, SUI, has seen its prices surge over the past week amidst a broader cryptocurrency market downturn. SUI has risen 28% in the last 7 days and is currently trading around $0.5791. The rally was strengthened despite the market downturn on the heels of Sui’s
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The conviction of Sam Bankman-Fried, the founder of FTX, who was charged with seven counts of fraud and conspiracy, has now capitvated the interest of Hollywood. The verdict came after a trial that lasted just over a month in federal court in New York City. Bankman-Fried had cheated investors and
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The cryptocurrency community is excited about the Hong Kong government reportedly weighing the launch of a spot cryptocurrency exchange-traded fund (ETF) amid the ongoing regulatory pushback against such products in the United States.Hong Kong’s potential entrance into spot crypto ETFs could be a significant development in the context of the
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Sam Bankman-Fried is found guilty of fraud, other crimes; PayPal
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The crypto industry continues to anticipate the approval of a spot Bitcoin exchange-traded fund (ETF) in the United States as more investment managers file amended applications with the Securities and Exchange Commission (SEC).The high level of anticipation has even caused the Chicago Mercantile Exchange (CME) to leap positions among derivatives
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Injective, a Cosmos Layer-1 blockchain designed to power next-generation DeFi applications, has selected the Kava Chain’s Native USDT for their Perps trading. The Kava Chain is
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