Financial technology conglomerate Block, owned by X co-founder Jack Dorsey, has recently announced a groundbreaking decision to allocate 10% of all profits generated from bitcoin-related products into monthly BTC purchases. In a Q1 2024 earnings report, Dorsey explained the rationale behind this move, emphasizing the significance of bitcoin as the most suitable candidate for a
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In the midst of a general market downturn, XRP has displayed remarkable resilience compared to other digital assets like Bitcoin and Ethereum. Despite briefly dipping below $0.50, XRP has managed to stay afloat and even experience a 3% increase over a two-week period according to CoinGecko’s data. This stability has caught the attention of analysts
After a week of bearish pressure, Bitcoin managed to stage a strong comeback on Friday, crossing the $60,000 mark once again. This resurgence in the price of BTC raised hopes among investors for a sustained rally. However, the question that looms large is whether this upward momentum can be maintained in the coming days. According
Bitcoin’s recent recovery journey has been nothing short of a rollercoaster ride, with the cryptocurrency experiencing significant fluctuations in price over the past few days. The cryptocurrency saw a sharp increase from under $59,000 to a multi-day peak of over $63,000, showcasing its volatility in full force. Despite a positive start to the week, with
In the fast-paced world of cryptocurrency trading, meme coins have taken on a life of their own. The recent post-Halving slump of Bitcoin has caused a stir among traders, especially those in the Solana ecosystem. One token, in particular, has caught the eyes of many – Sad Hamster, also known as HAMMY. The Meme Value
The recent drop in Bitcoin’s price below the $59,000 support level has caused a ripple effect in the cryptocurrency market. This sudden decrease has led to liquidations in the futures market, sparking concerns among analysts about the possibility of a more significant decline in the absence of a full-scale market capitulation. According to CryptoQuant, approximately
Eigenlayer, the standout project in Ethereum Restaking, is gearing up to launch its highly anticipated airdrop on May 10th. BingX Exchange has already announced that it will promptly list Eigenlayer’s token $EIGEN, allowing users to start trading it immediately. This move comes at a time when Bitcoin prices are experiencing a dip, but the listing
Rep. Maxine Waters, a prominent member of the US House Committee on Financial Services, recently proposed the nomination of Ms. Kristin Johnson for the position of Assistant Secretary for Financial Institutions at the US Department of Treasury. Waters highlighted Johnson’s extensive experience in financial regulation and her dedication to maintaining the integrity of financial markets
Recently, during a Town Hall meeting at Otherside, an exciting announcement was made regarding a new partnership between Yuga Labs and Improbable. This collaboration involves migrating Otherside onto Improbable’s MSquared network, sparking a wave of enthusiasm within the community. Otherside is a metaverse created by Yuga Labs, offering players a shared virtual space where they
MicroStrategy recently introduced a new Bitcoin-based strategy aimed at combating online spam, much to the skepticism of the Bitcoin community. The unveiling of “MicroStrategy Orange” during the annual MicroStrategy World conference raised concerns among Bitcoiners regarding the effectiveness and practicality of the proposed solution. MicroStrategy Orange: Decentralized Identity Solution The executive chairman of MicroStrategy, Michael
