Day: May 10, 2024

Jack Dorsey’s Vision for Bitcoin and Decentralized Social Media

Twitter co-founder Jack Dorsey, a staunch advocate for Bitcoin, recently reinforced his optimistic stance on the cryptocurrency’s future in an interview with Pirate Wires, where he predicted that Bitcoin could reach $1 million by 2030. Known for his proactive support of the Bitcoin ecosystem through donations and development initiatives, Dorsey’s bullish predictions are backed by […]

Cryptocurrency Markets Face Sudden Downturn

The cryptocurrency market experienced a significant drop early Friday, with Bitcoin and Ethereum leading a sharp decline that resulted in over $150 million in liquidations within 24 hours. Bitcoin witnessed a dramatic fall, plunging more than $2,000 in just an hour—from a high above $63,000 to a daily low of $60,890. The price has since […]

Friend.tech’s Comeback Surges Token Value

Social crypto platform Friend.tech has demonstrated a remarkable recovery, surging 23% in just 24 hours following a tumultuous initial launch of its token and version two (V2) of the platform. This resurgence is particularly significant given the challenges encountered during the rollout of the FRIEND token and the V2 features. Last week’s launch was marred […]

Crypto PAC Launches Campaign Financing

The rapidly expanding group, Stand With Crypto, has ventured into the political arena with the launch of its political action committee (PAC). Spearheaded by Chief Strategist Nick Carr, the PAC will support congressional candidates who align with cryptocurrency and blockchain values. Established in August 2023, Stand With Crypto has quickly grown to include over 443,000 […]

Bitcoin Eyes $75K Peak in June

The landscape of bitcoin options trading is showing a clear bullish sentiment as market participants concentrate their interests around a significant strike price for the upcoming June expiry. Recent data from Binance highlights a notable concentration of bitcoin open interest at a $75,000 strike price, aligning with investor expectations for a robust upward move. Ruslan […]

Bitcoin ETFs Smash Growth Records

The cryptocurrency investment landscape has witnessed a historic milestone as the spot bitcoin exchange-traded funds (ETFs) from BlackRock and Fidelity have shattered previous records for rapid asset accumulation. According to Bloomberg’s senior ETF analyst Eric Balchunas, these funds have amassed over $10 billion in assets under management at an unprecedented pace. BlackRock’s iShares Bitcoin Trust […]

Kraken vs SEC: Legal Battle Heats Up

As the legal confrontation between cryptocurrency exchange Kraken and the U.S. Securities and Exchange Commission (SEC) escalates, the arguments from both sides are intensifying ahead of a pivotal hearing set for June. In their latest court filing, Kraken’s legal team has presented arguments suggesting that the SEC’s claims may lack substantial basis, particularly concerning the […]

Crypto Trading Volumes Dip in April

April marked a significant shift in the cryptocurrency market as cumulative spot trading volumes on centralized exchanges witnessed their first month-to-month decline in seven months, highlighting a cooling phase in the market dynamics. After a robust performance in March, where spot volumes surged to nearly $2.5 trillion, April’s figures took a downturn to $1.6 trillion. […]