Solana (SOL) has recently surged in price, making it the fourth-largest cryptocurrency by market capitalization. With significant gains, analysts are optimistic about the future of SOL, citing bullish patterns and increasing network usage. The current price of SOL is nearly 5% higher daily, hovering around $192, with a market capitalization of almost $90 billion. This
Crypto
Shiba Inu’s layer-2 blockchain solution, Shibarium, has recently reached a significant milestone by processing over 6 million blocks. This marks a resurgence in activity for the network, evidenced by the spike in active accounts from 253 to 417 in just one day. Moreover, new daily transactions have surged by 188%, surpassing 5,300 on July 28.
The recent proposal put forth by Republican Senator from Wyoming at the Bitcoin 2024 Conference in Nashville on July 27 has sparked a debate about the potential benefits of diversifying the United States’ assets into Bitcoin. The idea of creating a strategic reserve of Bitcoin is seen as a way to secure the country’s economic
Wong Ching-kit, a crypto promoter from Hong Kong, has recently come under the radar of the International Criminal Police Organization (Interpol) for his alleged involvement in various criminal activities. The latest incident involves a cryptocurrency scam worth over HK$3 million. Interpol has issued a red notice against Ching-kit, informing law enforcement worldwide that he is
Meme coins, such as Pepe (PEPE) and others, have been making headlines lately for the substantial gains some traders have experienced. The case of the trader who bought 170.2 billion PEPE coins last October and sold them in July for a profit of $1.77 million is just one example of the potential for massive returns
In the midst of the 2021 crypto bull run, non-fungible tokens (NFTs) and cryptocurrencies associated with them gained significant attention. Despite a decrease in interest, these coins continue to exist, with a collective market capitalization exceeding $30 billion according to CoinGecko. Among these, some have shown notable development activity in the last month, as highlighted
With the upcoming US presidential elections just around the corner, the political landscape is buzzing with excitement and anticipation. The key players in this race include the Republican candidate Donald Trump, the Democratic nominee Kamala Harris, the independent Robert Kennedy, and various others. Recent polls indicate that Trump and Harris are leading the race, with
Ferrari, the iconic Italian luxury sports car manufacturer, has recently announced its ambitious plans to expand its cryptocurrency payment system to its network of European dealers starting from the end of July. By the end of 2024, Ferrari aims to further extend its crypto transaction options to additional countries in its global dealership network where
After the SEC’s approval, the spot Ethereum ETFs officially launched, with initial results that were quite underwhelming. Comparisons were made to the spot Bitcoin ETF launch earlier in the year, noting that while the Ethereum ETFs had a solid first day with over $106 million in net flows, the following days showed a different trend.
The cryptocurrency industry in 2024 has been a rollercoaster ride, especially for Ethereum and its exchange-traded funds (ETFs). While there have been moments of validation and success, there have also been setbacks and challenges that have left investors and analysts scratching their heads. Earlier this year, the US Securities and Exchange Commission gave the green
In a recent BTC Conference in the United States, Jan van Eck, the CEO of VanEck, shed light on some of the most remarkable qualities of Bitcoin. He expressed his confidence in the cryptocurrency by revealing that more than 30% of his own portfolio is allocated to Bitcoin. This comes as no surprise, considering VanEck’s
In a recent interview, Kennedy proposed an interesting idea – the federal government should buy Bitcoin until its holdings match the value of the nation’s gold reserves. This would mean acquiring roughly 9.4 million BTC, which is almost 45% of the total supply. The rationale behind this proposal is that Bitcoin is seen as an
In the world of cryptocurrency, Ethereum has recently seen a significant event with the launch of several Ethereum ETFs. However, the price of Ethereum did not react as expected to this historic event, dropping by over 10%. This unexpected price movement turned the ETF launch into a sell-the-news moment for investors. The support level at
The upcoming Bitcoin options contracts expiry on July 26 is anticipated to be significant, with around 61,200 contracts valued at $4.26 billion. This particular expiry event is larger than usual due to being at the end of the month. Despite the recent launch of spot Ethereum ETFs in the United States, the spot markets have