At a recent Space discussion on the X social media site, previously known as Twitter, Elon Musk, the proprietor of X and CEO of Tesla, expressed confidence that artificial intelligence will outmatch human intelligence in the near future. He additionally addressed the topic of competition between Grok AI, Chatbot created by Musk’s xAI, and ChatGPT, … Read more
Metaplanet Inc., a Tokyo Stock Exchange-listed business with diverse operations, announced its decision to include Bitcoin as a significant part of its treasury reserves. The company initially invested JPY 1 billion (approximately $6.56 million) in this digital currency. By doing so, Metaplanet aims to follow MicroStrategy’s lead and potentially become the first Asian corporation with … Read more
The US Treasury Department is pushing for wider authority to regulate foreign companies offering cryptocurrency services in response to heightened security concerns. According to Deputy Secretary Adeyemo, it’s crucial that we address the growing issue of criminals using digital currencies to bypass traditional financial rules. Adeyemo underscores the importance of stronger regulations against cryptocurrencies due … Read more
According to the Securities Times, two major Chinese financial firms, Harvest Fund and Southern Fund, have submitted proposals to start a Bitcoin exchange-traded fund (ETF) that can be bought and sold on the spot market. Harvest Fund And Southern Fund Spearhead Bitcoin ETF Push In China Although China has historically been wary of Bitcoin and … Read more
Ethereum, the world’s second-largest cryptocurrency, experienced significant growth over the past week, surpassing $3,700 with a rise of over 10%. Currently, Ethereum is valued at $3,704, representing an 8% increase from its previous price. With a market capitalization of $444 billion, Ethereum has already climbed 61% in value since the start of the year. ETH … Read more
Mike Novogratz, CEO of Galaxy Digital, expresses optimism that the US Federal Reserve will lower interest rates, despite his own belief that there isn’t a compelling reason for this decision, based on his latest post on X social media platform. Novogratz thinks that similar large-scale financial circumstances would favor Bitcoin and precious metals. He expressed … Read more
On Monday, Bitcoin, the most significant cryptocurrency globally, surged towards a new record high of $72,000, making a bold attempt before the upcoming Bitcoin halving event. In contrast, however, the Bitcoin ETF market displayed a downward trend with withdrawals totaling approximately $200 million. Bitcoin ETH Flows Turn Negative Last week, Bitcoin ETFs attracted approximately $485 … Read more
The prices of leading cryptocurrencies surged further as Bitcoin (BTC) continued to hold above $71,000. At the same time, Ethereum (ETH) came closer to hitting $3,700. Furthermore, XRP, Cardano (ADA), Solana (SOL), and other significant altcoins experienced an increase in worth. Major Crypto Prices Today The price of Bitcoin rose by 2.67 percent and hit … Read more
Recently, Shiba Inu, often referred to as Dogecoin‘s rival, experienced a remarkable price increase in the last 24 hours. This growth coincided with a massive 1300% jump in the SHIB token burn rate. This development attracted considerable investor interest since Shiba Inu had seen significant drops in its price, reaching a low of $0.000024 over … Read more
In a recent blog post, Arthur Hayes, CEO of BitMEX, expressed his views on the economy, quantitative tightening, and Bitcoin‘s price behavior near the Bitcoin halving event. On April 8, BTC experienced an unexpected surge to hit $72,000 and has since shown resilience. The crucial issue is whether Bitcoin can sustain its price around the … Read more