China’s government is throwing a lifeline to its stock market, injecting a whopping $113 billion to give it a much-needed boost. A Big Cash Infusion The move involves allowing institutional investors to use central bank financing to buy stocks. The government is also setting up a market stabilization fund with an initial investment of $113…
Bitcoin is on the rise again! Analysts who correctly predicted Bitcoin’s previous all-time high are now predicting another surge. They’re seeing several factors that are pushing the price upwards, potentially leading to a new bull market. Fed Rate Cuts Fuel Bitcoin’s Rally The recent Federal Reserve interest rate cut has been a major catalyst for…
A popular crypto analyst, known as Altcoin Sherpa, thinks a little-known cryptocurrency called Zilliqa (ZIL) could be about to explode. He’s watching its price chart closely and thinks it might follow the lead of another coin, dogwifhat (WIF), which has seen a huge jump in price recently. Zilliqa (ZIL) Looks Promising “If WIF is doing…
Cardano, a well-known cryptocurrency protocol, just celebrated its seventh birthday! The team behind Cardano, Input Output Global (IOG), has been busy building and improving the platform, and they’re excited to share their progress. Cardano’s Growth Over the Years Cardano’s native token, ADA, is currently the eleventh largest cryptocurrency with a market value of around $14…
Ethereum transaction fees are on the rise again, and it’s not just because of the recent price rally. Let’s dive into what’s driving this trend. Ethereum Fees Are Climbing The average fee for Ethereum transactions has been steadily increasing over the past few months, reaching its highest point in four months. This means it’s getting…
Bitcoin has been on a roll lately, climbing 6% since last Wednesday. This has got everyone excited, with many thinking this could be the beginning of a big rally. Remember that massive jump in January and March? Bitcoin soared 91% then, almost hitting its all-time high. Now, people are hoping for a similar surge. What’s…
Senator Cynthia Lummis, a big supporter of crypto, thinks things could get a lot better for the industry if Republicans take control of the Senate. A Need for Clear Rules Lummis says the US needs to get its act together and create some solid rules for crypto. While other countries like the EU have already…
Wells Fargo customers are facing a major data breach, with an unknown number of people having their personal information compromised. The bank confirmed that a former employee accessed sensitive data for fraudulent purposes. What Information Was Stolen? The stolen information could include: Name Address Date of birth Phone number Email address Social security number Driver’s…
The crypto world is buzzing about Ethena, a platform building a synthetic dollar called USDe. This week, Ethena’s native token, ENA, jumped over 45% as the company launched some exciting new products. Ethena’s Big Week Ethena is aiming to offer a crypto-based alternative to traditional banking. Their USDe is a stablecoin, meaning it’s designed to…
Coinbase is expanding its wrapped Bitcoin (cbBTC) to Arbitrum, a popular Ethereum scaling solution. This means you’ll soon be able to use your Bitcoin on Arbitrum’s DeFi platforms. What is cbBTC? cbBTC is a token that represents Bitcoin on the Ethereum blockchain. It allows you to use your Bitcoin on decentralized finance (DeFi) platforms like…
