Despite recent bearish trends in the Bitcoin market, JP Morgan, an American multinational finance company, has maintained a bullish stance on the outlook for Bitcoin prices. The bank has even gone as far as announcing a timeline for the conclusion of ongoing BTC liquidations, predicting a subsequent rebound in the market. In a research report
The digital asset investment market saw a surge in inflows last week, totaling $1.44 billion, bringing the year-to-date total to an impressive $17.8 billion. Despite the influx of capital, trading volumes remained relatively low at $8.9 billion, well below the average of $21 billion. Bitcoin was the standout performer, attracting $1.35 billion in inflows, while
The financial world is constantly evolving, with new technologies and partnerships reshaping the way we manage our money. One such groundbreaking collaboration is between Wirex and Visa, two giants in the digital payments industry. Wirex, known for its cutting-edge Web3 money app, has joined forces with Visa to further the development of digital currencies across
The Sandbox has recently introduced a new update that allows its users to complete direct LAND transactions through its website. This new feature makes it easier than ever for users to buy and sell virtual land within the platform. Previously, users had to navigate through third-party markets such as OpenSea to acquire land, but now
Bitcoin has surged back to the $63,000 level, marking a two-week high and suggesting a potential break in the previous downtrend. On-chain analytics platform CryptoQuant has attributed this move to “U.S. whales” increasing their institutional Bitcoin purchases. Analysts have noted a shift in the Coinbase premium gap, indicating a change in trend among U.S. investors
In a surprising move, South Korean lawmakers have put forth a bill to push back the implementation of the crypto gain tax until 2028. This decision comes amidst the current negative sentiments surrounding the crypto industry. The ruling political party cited the declining investment sentiment towards virtual assets as the primary reason for the extension.
XRP has recently seen a notable price increase, outperforming major cryptocurrencies in the market. This surge in price has sparked the attention of many analysts and traders who are closely monitoring the asset’s performance. The recent rally in the cryptocurrency sector, with a global market capitalization surpassing $2.4 trillion, has set the stage for XRP’s
The recent incident on Blur Marketplace where an investor lost $240,000 worth of NFTs overnight due to a phishing scam serves as a stark reminder of the dangers lurking in the digital asset space. This was not your typical phishing attack involving deceiving emails, but a well-orchestrated technical maneuver that exploited a vulnerability in the
In the world of Guild of Guardians, the introduction of Idol Sacrifice has revolutionized the way players can obtain rare and powerful guardians. This feature adds a new layer of challenge and excitement to the game, offering players the opportunity to mint some of the strongest guardians available. Whether you are a seasoned player or
Metaplanet, a well-known investment firm based in Japan, recently made a significant move in the cryptocurrency space by purchasing 42.4 Bitcoin for ¥400 million ($2.4 million). This strategic acquisition aims to enhance the company’s long-term financial strategy by adding Bitcoin to its list of assets. With Bitcoin trading at $57,652, down 8% over the last
Cryptocurrencies like Bitcoin have become a major factor in the upcoming 2024 presidential election, especially among Republican voters. A recent poll by investment firm Paradigm revealed that a significant portion of Republicans have shifted their views towards Donald Trump due to his newfound support for the crypto industry. This shift in sentiment has positively impacted
The approaching United States elections set for November have the potential to serve as a pivotal moment for the American crypto industry, primarily due to the divergent views held by candidates regarding digital assets. According to popular crypto exchange Coinbase, individuals who are part of the crypto community are likely to play a significant role
Bitcoin (BTC) is facing a critical juncture as market analysts debate whether the cryptocurrency has hit rock bottom or is poised for further decline. One key metric, stablecoin liquidity growth, suggests that BTC may struggle to rally in the near term. The slow growth of Tether (USDT) market cap indicates a lack of fresh liquidity
The recent movement in the Bitcoin price has shown signs of recovery, with the premier cryptocurrency climbing back above $58,000. Renowned crypto analyst Ali Martinez has identified a chart formation that could signal a potential continuation of this resurgence. Martinez’s analysis points to an ascending triangle pattern on the Bitcoin four-hour price chart, indicating a