The meme coin world is a bit down in the dumps right now. Dogecoin and Shiba Inu, the usual big players, are seeing their prices drop. But guess what? While those veteran coins are taking a breather, a new kid on the block, $BEST, is making a splash. A New Meme Coin Makes Waves This…
The race to launch a Dogecoin ETF (exchange-traded fund) in the US is heating up! Big-name investment firm Grayscale has just thrown its hat into the ring. Grayscale’s Dogecoin Play Grayscale initially announced a new Dogecoin Trust, a way for investors to get exposure to DOGE. But just hours later, they filed paperwork with the…
Arkansas lawmakers recently shot down a bill that would have banned Bitcoin mining near military bases. The Senate committee voted 6-1 against the proposal, effectively killing it. Concerns About Crypto Mining Near Military Bases The proposed ban stemmed from worries about the potential impact of large-scale Bitcoin mining operations on military installations. These concerns included:…
The crypto world is facing a wild ride, thanks to a mix of political drama and high-stakes decisions. Let’s break down what’s happening and what it means for the future of crypto. Republican Power Play and Crypto’s Uncertain Future Republicans now control Congress, giving them the power to push through legislation, including crypto regulations. However,…
Senators Elizabeth Warren and Jack Reed are calling out seven major US banks for allegedly raking in massive profits while paying savers next to nothing in interest. The senators accuse Bank of America, Citibank, JPMorgan Chase, US Bank, PNC Bank, Truist, and Wells Fargo of prioritizing their own bottom line over their customers. Record Profits,…
The New York Stock Exchange (NYSE) is making a move to bring XRP into the mainstream investment world. NYSE Arca, a NYSE subsidiary, has filed with the Securities and Exchange Commission (SEC) to convert Grayscale’s XRP Trust into a spot exchange-traded fund (ETF). What’s the Deal with an XRP ETF? Grayscale, a big name in…
Kraken, a major US cryptocurrency exchange, just announced some seriously impressive numbers for 2024. Their revenue and trading volume absolutely exploded compared to the previous year. Record-Breaking Numbers The exchange reported a massive 128% year-over-year revenue increase, hitting a total of $1.5 billion. Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) also soared to…
Bitcoin’s price is soaring, staying comfortably above $100,000, thanks to positive economic news and strong investor confidence. Let’s dive into what’s driving this upward trend. US Bitcoin ETFs: A Major Player A huge factor in Bitcoin’s recent success is the continued buying by US Bitcoin ETFs. These funds now hold a massive 1,163,377 BTC –…
Bitcoin’s been climbing steadily lately, boosted by good news about the economy. Investors are feeling confident as Bitcoin stays above $104,000, getting ready for a possible big jump. Volatility Dip: A Sign of Things to Come? Interestingly, Bitcoin’s monthly volatility is surprisingly low – just 11%. That’s much lower than previous peaks (16% and 14%)….
Dogecoin’s been on a tear lately, and some crypto experts think it’s about to get even bigger. They believe it could spark a massive rally across the entire altcoin market. Bullish Chart Patterns Point to Dogecoin Dominance One trader, Trader Tardigrade, sees a very positive outlook for Dogecoin. He’s noticed a “falling wedge” pattern on…
