The recent surge in Bitcoin’s price to $70,000 has sparked optimism among investors, especially long-term holders who have seen their investments turn profitable. The positive price outlook is evident in the resurgence of the Coinbase premium, a key indicator of market sentiment among US-based investors. The Coinbase Premium Index (CPI) recently turned positive after being
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Recently, Ethereum experienced a downside correction from the $3,885 resistance zone, causing the price to drop below $3,800. This correction was initiated after the cryptocurrency failed to clear the $3,880 resistance level. As a result, Ethereum is now trading below $3,840 and the 100-hourly Simple Moving Average. Additionally, a key bullish trend line with support
Kraken, a prominent player in the cryptocurrency exchange market, is reportedly gearing up for a significant funding round as it sets its sights on a potential initial public offering (IPO) in the coming year. The exchange, which is one of the oldest and largest in the United States, is said to be seeking to raise
The metaverse is no longer a distant concept. It’s here, transforming the digital world and how we interact within it. Creating a metaverse app is a complex yet rewarding endeavor. It requires a blend of creativity, technical prowess, and an understanding of the digital landscape. This guide will walk you through the process of creating
Tokenization is becoming increasingly prominent in the financial industry, with its potential to revolutionize traditional financial processes. DTCC Digital Assets global head and managing director Nadine Chakar recently testified before the House Financial Services Subcommittee on Digital Assets, highlighting the benefits of tokenizing real-world assets and its implications for the US financial markets. Chakar emphasized
Robert Kiyosaki, the renowned financial expert and author of Rich Dad Poor Dad, has recently made a bold prediction regarding the price of Bitcoin (BTC). According to him, he firmly believes that BTC will reach an astonishing value of $350,000 by August 25th. While Kiyosaki acknowledges that his prediction may be considered as mere speculation,
Asset manager VanEck recently made headlines by revising its prediction for Ethereum (ETH), suggesting that the second-largest cryptocurrency could reach a staggering $22,000 by the year 2030. This substantial increase from their previous estimate of $11,800 shows a significant bullish sentiment towards the future of Ethereum. VanEck pointed out that the anticipated launch of Spot
In a bold move, Robinhood has announced its plans to acquire Bitstamp, a global crypto exchange, for around $200 million in cash. This acquisition marks a significant step for Robinhood as it looks to expand its offerings and strengthen its position in the crypto market. With an extensive global footprint in regions such as Luxembourg,
The US spot Bitcoin Exchange-Traded Funds (ETFs) have been experiencing an unprecedented wave of inflows, with 17 consecutive days of net additions. A significant surge was observed on a particular Tuesday, with $886.6 million pouring into these ETFs – the second-highest single-day influx since their introduction. Following closely behind, another substantial inflow occurred the next
The collaboration between MetaMask and HyperPlay has ushered in a new era for Web3 gaming, revolutionizing the way users interact with blockchain technology in the gaming world. By introducing a games directory into the MetaMask Portfolio, this partnership aims to streamline the user experience and bridge the gap between traditional and blockchain gaming platforms. The
In a recent development, a group of U.S. lawmakers, led by House Foreign Affairs Committee Chair Michael McCaul and supported by 11 other congressional leaders, have called on President Joe Biden to intervene in the detention of Tigran Gambaryan, a high-ranking executive at Binance. The lawmakers are demanding that the situation be treated as a
In a surprising move, Bybit has recently removed China from the list of countries whose citizens are restricted from using its services. This decision was confirmed by CryptoSlate on June 5 through the exchange’s website. While China is now off the restricted list, other countries such as the United States, the United Kingdom, Canada, Singapore,
Real-world assets have gained notable popularity in the cryptocurrency space as they represent physical assets such as properties and objects. These assets operate through smart contracts and blockchains and have shown massive growth, boasting a market capitalization running into billions of dollars. Santiment, an on-chain analytics firm, has revealed that Chainlink (LINK) is leading the
In recent months, a significant trend has emerged in the world of Bitcoin – large holders, also known as “whales,” are accumulating more tokens. Data shows that a select group of whale addresses now collectively possess over 40% of the total Bitcoin supply. This accumulation by whales, particularly those holding over 1,000 BTC, has been