Core Scientific, a prominent player in the Bitcoin mining industry, recently announced its financial results for the first quarter of 2024. The company’s performance showed a remarkable improvement since its emergence from bankruptcy. With a net income of $210.7 million, Core Scientific demonstrated a significant turnaround compared to a net loss of $0.4 million in
The International Monetary Fund (IMF) has advised Nigeria to consider regulating the use of digital assets by licensing international cryptocurrency exchanges. This suggestion was put forth in the IMF’s latest consultation report for Nigeria. The goal behind this recommendation is to strengthen the country’s economic stability and elevate its position within the African cryptocurrency landscape.
The proposed Financial Innovation and Technology for the 21st Century (FIT21) Act is gearing up for a potential House floor vote by the end of May, offering the crypto industry much-needed clarity on regulatory oversight. Advocated by House Financial Services Committee Chairman Patrick McHenry, this legislation aims to address the long-standing issues of market oversight
In the volatile world of cryptocurrency trading, it’s essential to constantly evaluate the market conditions and look for opportunities that may bring quick gains. With recent pullbacks in the crypto market due to economic concerns and Federal Reserve policy changes, traders are on the lookout for altcoins that show strong momentum and potential for growth.
Cardano (ADA) has been gaining attention recently due to a significant reversal in its trading volume. Analysts have been making ultra-bullish predictions for the crypto token, with some even suggesting a peak price target of $9, $11, and even $32 for this bull run. Despite the current low trading price, there seems to be a
One influential trader, Bluntz Capital, recently made a bold prediction regarding the popular Solana meme coin, DogWifHat ($WIF). Bluntz believes that the current price of $3.17 could potentially tumble down to just a dollar. In a tweet shared by Bluntz, he pointed out that the price action over the last few weeks has been slow
The Ethereum Foundation, a non-profit organization supporting the Ethereum ecosystem, has recently transferred a notable amount of ETH which has caught the attention of the crypto community. On May 8, the Foundation transferred 1,000 ETH ($3 million) to a middle multi-signature wallet (0xbc9). This transfer is part of a series of transactions made by the
Former President Donald Trump has recently surprised many by expressing strong support for Bitcoin and cryptocurrencies, a stark departure from his previous skepticism towards digital assets. This unexpected pivot, highlighted in a widely circulated video among crypto enthusiasts and investors, has sparked discussions about the potential effects on the cryptocurrency market as the US presidential
Despite facing a recent 20% decline in a week, Shiba Inu (SHIB) has been predicted to experience a significant rally in the near future. Various analysts have pointed out positive technical indicators that could drive the price of SHIB upwards, despite its recent underperformance in the market. Positive Signals for SHIB One of the bullish
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