Grayscale Research has recently released a report suggesting that Bitcoin could reach its all-time high later this year. This prediction is contingent upon the U.S. economy avoiding a potential recession. The report highlights a period of stabilization in both the cryptocurrency market and broader financial markets following sharp declines in early August. Analysts at Grayscale
Crypto
Shibarium, the layer-2 scaling solution for Shiba Inu, has been making significant progress in terms of transaction speed, scalability, and cost reduction. The recent announcement of a hard fork with the new Bor version showcases the platform’s commitment to continuous improvement and development. The Bor layer plays a crucial role in validating and securing transactions
Bitcoin’s recent price recovery has been impressive as the cryptocurrency exceeded $60,000 and neared $63,000 for the first time since the weekend. This positive movement comes after a market-wide crash that occurred last week, leading to BTC plummeting to a 6-month low of $49,500. However, the asset quickly started to recover, climbing to $53,000 on
Metaplanet, a Japanese investment firm, recently secured a substantial loan from MMXX Ventures to bolster its Bitcoin holdings. This decision came after the company’s announcement to raise $70 million for Bitcoin investments. Prior to embracing Bitcoin, Metaplanet faced financial difficulties, being referred to as a “zombie” company by CEO Simon Gerovich. Bitcoin Investments Metaplanet’s loan
In a recent Fox Business report, it was revealed that a new advocacy group, “Crypto for Harris,” has been established to counter Donald Trump’s appeal within the cryptocurrency industry. The group is set to hold a virtual town hall meeting to bolster the Harris campaign and drive fundraising efforts. Notable figures such as Mark Cuban,
XRP has recently demonstrated an impressive performance, decoupling from the broader crypto market to outperform all top assets in terms of daily gains. Despite the market’s struggles, XRP saw a significant price increase of nearly 20% in just one day, reaching $0.64 before slightly retracing to $0.61. This bullish trend has resulted in XRP posting
Brazil’s Securities and Exchange Commission (CVM) recently approved the country’s first Solana-based exchange-traded fund (ETF), positioning Brazil ahead of other countries in the crypto investment landscape. The approval, granted on August 7, is a significant milestone for Brazil, especially considering the United States’ slower progress in approving Solana ETFs. The newly approved Solana ETF, created
In a recent ruling, United States District Judge Peter Castel finalized a $12.7 billion settlement, requiring FTX and Alameda Research to compensate the former’s creditors. This decision comes after a 20-month lawsuit initiated by the United States Commodity Futures Trading Commission (CFTC). The ruling mandates that FTX Trading and Alameda jointly pay $8.7 billion in
Shiba Inu, a popular meme-based cryptocurrency, has experienced significant price fluctuations in the past. The crypto analyst Armando Pantoja predicted a price surge for Shiba Inu to $0.001, which may seem like an attractive investment opportunity. However, one of Shiba Inu’s competitors is expected to outperform it with a 100x gain. This raises questions about
The recent security breach at Nexera, a prominent DeFi protocol, has sent shockwaves throughout the cryptocurrency community. The breach resulted in the theft of $1.5 million worth of NXRA tokens, causing the protocol’s native token to plummet by over 40%. The exploit was first reported by Cyvers, a blockchain security firm, on August 7th, raising
