In recent trading sessions, various crypto stocks have shown signs of recovery as Bitcoin manages to trim some of its earlier losses. This follows a tumultuous period where the leading cryptocurrency had seen significant declines in value. Key players in the crypto industry, such as Marathon Digital Holdings (NASDAQ:MARA) and Riot Blockchain (NASDAQ:RIOT), have experienced…
SINGAPORE, Sept. 11, 2024 /PRNewswire/ — Zilliqa, the established layer-1 blockchain platform that pioneered sharding technology, is excited to announce the launch of the Jasper proto-testnet for Zilliqa 2.0, the first release on its roadmap for its new, upgraded network designed to drive mass adoption of Web3. This significant milestone sees the first Zilliqa 2.0…
The latest consumer price index (CPI) data released for August shows a continued slowdown in inflation growth, and this could signal more upside for the cryptocurrency market. As inflation nears the Federal Reserve’s 2% target, traders are becoming increasingly optimistic about future rate cuts, which could lead to long-term rallies in risk assets like Bitcoin…
As Bitcoin enters the final quarter of 2024, traders are becoming increasingly optimistic about the cryptocurrency’s future, despite a historically challenging September. Although Bitcoin has experienced a tough month—down 4.3% so far—many market watchers believe that several factors, including anticipated Federal Reserve rate cuts and the U.S. presidential election, could help Bitcoin pull out of…
The rise of cryptocurrency has produced an increasing number of millionaires, with Bitcoin (BTC) and Ethereum (ETH) leading the way. According to the Crypto Wealth Report 2024 from Henley & Partners, there are now 172,300 crypto millionaires globally—a 95% increase from the previous year. These individuals hold key cryptocurrencies, particularly Bitcoin and Ethereum, which have…
As Donald Trump eyes a potential return to the White House, his involvement in a new cryptocurrency venture called World Liberty Financial (WLFI) is raising eyebrows. Promoted as a decentralized finance platform, WLFI claims to “put the power of finance back in the hands of the people.” However, critics suggest that the Trump crypto venture…
Stocks tied to Bitcoin exposure saw a notable recovery this week as Bitcoin (BTCUSD) managed to pare some of the losses it suffered on Friday. The crypto stocks recovery was fueled by Bitcoin’s resurgence above $56,000 after dropping to around $52,600 last week. Despite this rebound, Bitcoin still remains below its highs from earlier in…
Losses from cryptocurrency scams in 2023 surged by 45% compared to the previous year, according to a recent report from the FBI. The total losses amounted to more than $5.6 billion, driven by scammers who exploited the speed and irreversibility of digital asset transactions. With the rise in popularity of cryptocurrencies like Bitcoin (BTC) and…
Chris Larsen, Co-Founder and Executive Chairman of Ripple Labs, has joined a group of 88 corporate leaders endorsing Vice President Kamala Harris for the 2024 U.S. presidential race. This move highlights potential divisions among industry leaders regarding political support, especially within the cryptocurrency sector. Larsen’s decision to back Harris contrasts with the more conservative leanings…
Nvidia Corp. (NASDAQ:NVDA), the leading manufacturer of artificial intelligence chips, has experienced a significant market shake-up in recent weeks. The Nvidia stock volatility has surged, wiping out more than $400 billion in market value, causing ripples across equity benchmarks and sparking investor concerns about the health of the broader U.S. economy. Once hailed as a…