The unexpectedly high Consumer Price Index (CPI) report caused Bitcoin (BTC) price to slip, letting go of its hold around the $70,000 mark. The cryptocurrency’s value reached a 24-hour low of $67,503.57, down from its peak of $69,568.55 that day. The Epic Bitcoin Price Rejection Starting this month, Bitcoin’s price has been quite volatile. It … Read more
Recently, Toncoin (TON) on Telegram’s blockchain surpassed Cardano (ADA) to rank as the ninth largest crypto token based on market capitalization. The remarkable surge and continuous upward trend of TON have sparked speculation that it may soon overtake Dogecoin (DOGE), currently holding the eighth position. Toncoin Hits New All-Time High (ATH) Toncoin reached an unprecedented … Read more
Bitcoin mining equipment manufacturer Auradine announced that they have secured $80 million in their Series B funding, with the funds to be used for expanding capacity in anticipation of increasing demand. The financing round drew participation from investors such as MVP Ventures, Maverick Capital, StepStone Group, and Marathon Digital, among others. At Auradine, we supply … Read more
The cost of SOL in the cryptocurrency market took a hit again on Wednesday, as global markets responded to news about persistent inflation in the US. After the publication of the Consumer Price Index (CPI), both SOL and Bitcoin prices experienced significant declines, with SOL testing support at $160 and Bitcoin dropping to $67,500. At … Read more
The cryptocurrency market saw large price swings in April due to the approaching Bitcoin halving event later in the month. While most significant cryptocurrencies underwent notable corrections, coinciding with Bitcoin‘s consolidation, Ethena bucked the trend and continued its steady growth, reaching a new peak of $1.45 in this period. However, it remains to be seen … Read more
A former executive at FTX Derivatives Exchange, Ryan Salame, is set to be sentenced on May 28th in a New York court. This comes after he admitted guilt to criminal charges accusing him of collaborating in a financial fraud scheme. Based on information from the court records published on Tuesday, the sentencing hearing for Salame … Read more
At the Bitcoin Policy Summit held at the National Press Club in Washington on April 9, Senator Kirsten Gillibrand from New York announced upcoming plans for stablecoin legislation. The goal is to align with Bitcoin‘s original intent as a practical payment option. Working together with Senator Cynthia Lummis of Wyoming, Gillibrand emphasized the importance of … Read more
Bitcoin‘s halving is a significant occurrence in the cryptocurrency market, happening approximately every four years after 210,000 blocks are mined. The primary goal is to decrease the production of new coins by half. Historically, Bitcoin‘s price has experienced growth following these events. To date, there have been three halving occurrences in 2012, 2016, and 2020. … Read more
Recently, the second largest cryptocurrency, Ethereum (ETH), has experienced significant selling pressure, causing its price to decline. Despite attempting to surpass $3,700, Ethereum‘s price could not hold, leading to a partial pullback. However, an increased demand for Ethereum futures contracts relative to Bitcoin suggests a possible price increase in the near future. Ethereum Futures Open … Read more
The U.S. Bureau of Labor Statistics reported a 3.5% increase in the Consumer Price Index (CPI) for March. This figure is crucial for the Federal Reserve as it may decide the timing for potential interest rate reductions. However, some financial institutions, referred to as Wallet Street banks, predict an uptick in inflation before it declines … Read more