In recent weeks and months, MicroStrategy, a business intelligence software giant co-founded by Michael Saylor, has experienced a significant surge in its stock price. This surge has outperformed the major US stock market indexes by a substantial margin, which may be attributed to the company’s extensive exposure to Bitcoin. MicroStrategy’s stock price has increased by
In the volatile world of cryptocurrency trading, investors are always on the lookout for the next big gainer. While established coins like Bitcoin and Ether continue to dominate the market, many traders are turning to the world of shitcoins in search of quick profits. These alternative cryptocurrencies, often created without much regulation or oversight, can
Shiba Inu (SHIB) has recently experienced a significant price surge of around +20% due to an inflow of $2 billion in trading volumes. The price of SHIB is currently at $0.00001407, with a 24-hour change of +12.26%. The recent surge in activity is attributed to the developers working on adding an additional privacy layer on
The Nigerian government has raised concerns about the operations of Binance in the country, accusing the exchange of profiting from illegal transactions and causing significant financial losses to the nation. Special adviser to the Nigerian president, Bayo Onanuga, has hinted at imposing fines of up to $10 billion on Binance as a form of retribution
The year 2024 has been quite promising for AI-related coins, with a combined return of 76% since the beginning of the year. The Artificial Intelligence (AI) coins market has witnessed a significant increase of 7% in just a day, pushing the market cap to a staggering $19.8 billion within the last 24 hours. Renowned entrepreneur
The recent reports of a sharp decrease in the availability of Bitcoin (BTC) on Over-the-Counter (OTC) desks have significant implications for the market dynamics. According to Caitlin Long, the CEO and founder of Custodia Bank, there was a noticeable scarcity of BTC available for sale on the big OTC desks. This scarcity points towards a
In a recent development, cryptocurrency exchange Gemini has reached a settlement with New York regulators to return a minimum of $1.1 billion to customers who were affected by the collapse of its Gemini Earn Program. The settlement agreement also includes a $40 million contribution to help cover Genesis Global Capital’s bankruptcy proceedings and a $37
Justin Sun, known as the co-founder of Tron, a smart contracting platform for decentralized applications (dapps), has been making headlines once again for moving and shuffling millions of dollars in the cryptocurrency market. According to Lookonchain data, on February 29, Sun transferred a whopping 100 million USDT to Binance, following several other significant transactions earlier
Hunter Horsley, the Chief Executive Officer (CEO) of Bitwise, a crypto index fund manager, has recently made bold predictions about the future of Bitcoin. In a Twitter post, he confidently forecasted that Bitcoin’s price could surge to $250,000, surpassing its current value of $62,000. Horsley also suggested that Bitcoin could potentially surpass gold as a
The partnership between Ripple and the Axelar Foundation signifies a significant step towards enhancing interoperability within the XRP Ledger (XRPL) ecosystem. This collaboration aims to propel the tokenization of real-world assets (RWAs) and strengthen the DeFi landscape by providing liquidity for stablecoins and high-value assets. By integrating the Axelar network with the XRPL, developers will
