Dan Tapiero, a well-known crypto investor, predicts a massive boom for the US decentralized finance (DeFi) sector within the next two years. He believes this sector is on the verge of a significant expansion. DeFi’s Untapped Potential In a recent interview, Tapiero highlighted the relatively small size of the DeFi market compared to the overall…
Tether, the company behind the USDT stablecoin, is reporting massive growth in the number of wallets holding its cryptocurrency. This growth, they say, isn’t driven by large investors (“whales”), but by everyday users with smaller amounts of USDT (“minnows”). Small Wallets, Big Numbers The number of USDT wallets has exploded. Tether claims a 71% increase…
Tom Lee, the investment chief at Fundstrat, believes Bitcoin’s recent surge is a strong indicator of good things to come for the stock market. Bitcoin’s Strength Signals Investor Confidence Lee, in a recent CNBC interview, stated that Bitcoin’s impressive gains in the last quarter show investors are feeling more comfortable taking on risk. He thinks…
Big Losses in Crypto The crypto market started the week in the red. Bitcoin (BTC) dipped below $100,000, falling to around $97,470, pulling many other cryptocurrencies (altcoins) down with it. Over $567 million in crypto positions were liquidated in just 24 hours, mostly Bitcoin investors who were betting on the price going up. Analyst Warns…
A group of shareholders is pushing Amazon to invest in Bitcoin, suggesting it could be a smart move to protect against inflation and boost long-term value. Shareholders Want Bitcoin in Amazon’s Treasury A US think tank, the National Center for Public Policy Research (NCPPR), formally proposed that Amazon add Bitcoin to its financial reserves. They…
Eric Trump recently shared his vision for the US to become the world leader in cryptocurrency. He believes clear and sensible regulations are key to making this happen. A Crypto-Friendly Future? Bitcoin recently hit a record high, exceeding $100,000, and this surge has many optimistic about the future of crypto. Eric Trump is among them….
A massive Dogecoin transfer has sparked speculation about the future price of the meme coin. Whale Alert: $48 Million Moved to Binance A Dogecoin “whale”—an entity holding a massive amount of DOGE—recently moved 112,382,564 DOGE to the Binance exchange. This transfer, worth roughly $48.7 million at the time, has caught the attention of market watchers….
Michael Saylor, a big Bitcoin fan and head of MicroStrategy, has a radical idea for the US government: sell all its gold and buy Bitcoin instead. He believes this would massively boost the country’s economy. Gold? Nah, Bitcoin’s the Future! Saylor argues that gold is outdated and impractical. Moving large amounts of gold is a…
MicroStrategy, a big data analytics company, just doubled down on Bitcoin (BTC) in a huge way. They bought another 21,550 BTC for roughly $2.1 billion! Another Bitcoin Buying Spree This purchase comes after Bitcoin hit a record high of over $100,000. MicroStrategy funded this latest buy by selling company shares, raising about $2.13 billion. The…
BlackRock, the massive investment firm, has been on a Bitcoin buying spree, according to blockchain analytics firm Arkham Intelligence. BlackRock’s Bitcoin Purchases Arkham reported that BlackRock purchased a staggering $2.6 billion worth of Bitcoin in just one week—that’s over half a billion dollars every day! This comes as Bitcoin is trading around $99,137, slightly down…
