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The crypto market is cooling off. Bitcoin and other major cryptocurrencies are dipping, testing the resolve of investors who’ve seen big price swings recently. After a period of wild price changes and rapid growth, things are getting calmer, but also more uncertain. A Slower Climb According to CryptoQuant analyst Dan, the long-term picture is interesting….
VanEck’s CEO, Jan van Eck, recently called Ethereum (ETH) “the Wall Street token,” highlighting its growing institutional adoption. This comes as ETH’s price nears a new all-time high, attracting both individual and large investors. Ethereum’s Role in Stablecoin Transfers Van Eck emphasized the importance of banks adopting Ethereum’s smart contract network to handle stablecoins. Stablecoins…
The US Department of Commerce (DOC) and Chainlink are teaming up to put key economic data directly onto the blockchain. This makes the information more transparent and opens up exciting new possibilities for blockchain-based applications. Bringing Economic Data On-Chain The partnership will use Chainlink Data Feeds to share important US economic numbers, including: Real Gross…
South Korea just made a huge move in the world of cryptocurrency. A company called Bitplanet (formerly SGA) has created a $40 million Bitcoin treasury. This is a first for South Korea – the first company to officially put Bitcoin in its corporate reserves. A Bold New Strategy This big shift is thanks to Asia…
The Philippines might be about to become a blockchain pioneer. Senator Bam Aquino wants to put the country’s entire national budget onto a blockchain. His goal? More transparency and accountability in government spending. A Transparent Budget? Aquino’s plan is to log every single government transaction on a blockchain, making it visible to everyone. He acknowledges…
Market analyst Mihai Jacob isn’t buying the recent Bitcoin price bump. He thinks the rally following Powell’s speech was more hype than substance and predicts a significant drop is still on the cards. Powell’s Speech: Short-Lived Relief? Jacob previously identified $110,000 as a crucial support level for Bitcoin. While Powell’s hints at potential interest rate…
Bitcoin’s recent price drop has everyone worried. It’s broken through some important support levels, leaving many wondering what’s next. Could we see a quick bounce back, or is this the start of a much bigger downturn? Bitcoin Breaks Key Support One crypto analyst pointed out that Bitcoin has fallen below a crucial support level. This…
A huge crypto market crash left a lot of traders with major losses. Over $900 million was wiped out in a single day as Bitcoin plummeted to its lowest point in seven weeks. Big Losses for Traders Around 200,000 traders were forced to sell their holdings as Bitcoin’s price tanked. Most of these losses were…
BlackRock, the world’s largest asset manager, recently made a huge splash in the crypto world, buying up a massive amount of Bitcoin (BTC) and Ethereum (ETH). This shows just how much big players in traditional finance are embracing crypto. A Two-Day Shopping Spree Over just two days, BlackRock reportedly spent around $750 million on BTC…
MicroStrategy’s recent decision to sell a massive amount of stock to buy more Bitcoin has raised eyebrows among investors. The timing and scale of the stock sale have sparked concerns about shareholder dilution and the company’s overall financial strategy. A Sudden Shift in Strategy Reports show MicroStrategy dramatically changed its public statements on August 18th….
