Hedge funds are increasingly adopting memecoins as part of their investment strategies, fueled by the current craze and rising prices in the cryptocurrency market. Dogwifhat Becomes Hedge Funds’s Goto Bet Some knowledgeable people are reporting an increasing number of top hedge funds embracing the use and investment in memecoins. In late December 2023, Dogwifhat on … Read more
since Bitcoin‘s halving on Friday, the cryptocurrency market has experienced a gentle uptrend. This revival propelled Bitcoin’s price to reach $37,000 and sparked a relief rally in the altcoin sector. Consequently, Ethereum—the second largest cryptocurrency by market capitalization—bounced back from its 38.2% Fibonacci retracement level, signaling a healthy correction that sets the stage for further … Read more
The Securities and Futures Commission (SFC) in Hong Kong has raised concerns over potential fraudulent practices by the virtual asset platforms CBEX Group and Bitget Pro. According to a recent statement from the SFC, users are advised to exercise caution when dealing with these companies. Today, the Securities and Futures Commission (SFC) issues a warning … Read more
Recently, Binance unveiled the details of its 53rd Launchpool project called Renzo (EZ). This new protocol allows users to earn rewards by depositing BNB and FDUSD, functioning as a liquid staking system. The launch is set for April 30, 2024, at 12:00 UTC. Renzo will have a maximum total issuance of 10 billion coins, with … Read more
Elon Musk’s company, X, is planning to introduce a TV application. This action signifies their greater involvement in the video and entertainment industry. X TV Is Coming To Compete With YouTube X TV’s debut is set to position it as a serious competitor against YouTube, which is owned by Alphabet Inc., in the social media … Read more
According to reports on April 23, 2024, Chivo, El Salvador’s government-run Bitcoin wallet, has suffered a cybersecurity attack. Hackers, identified as CiberInteligenciaSV, have allegedly leaked parts of the wallet’s source code and VPN access credentials. Another instance of cybersecurity issues for the Chivo wallet surfaced this month, affecting approximately 5.1 million Salvadoran users whose personal … Read more
The US Securities and Exchange Commission is currently inviting comments from the general public regarding BlackRock’s proposal to launch an Ethereum spot Exchange-Traded Fund (ETF), as indicated in a recent submission. The regulatory agency invites those with an interest in the matter to submit their written opinions, facts, and rationale regarding the following issue, as … Read more
Meme coins, once considered a passing trend in the cryptocurrency world, are now gaining recognition as significant players. In a recent article on X, an expert asserted that meme coins such as Dogecoin, Shiba Inu, and Bonk aren’t just sticking around but have the potential to control over $100 billion in market value during the … Read more
The US Securities and Exchange Commission (SEC) has delayed making a choice on an Ethereum ETF application put forward by Franklin Templeton, a financial services company based in New York. In February, Franklin Templeton submitted an application to list an Ethereum exchange-traded fund (ETF), following the lead of companies such as BlackRock. The SEC has … Read more
A crypto expert named Bluntz Capital has expressed optimism about Bitcoin‘s upcoming price increase and potential establishment of a new record high. Bluntz shared his perspective on Bitcoin’s future trend on social media X, during ongoing discussions on the cryptocurrency’s possible directions in the market. Bluntz is renowned for his precise BTC forecasts, notably during … Read more