Crypto news

Analysts at Bernstein Private Wealth Manager think the shaking banking system in the United States could benefit bitcoin adoption and potentially increase the price of the asset. The experts went further, advising people to invest in BTC, which could soon enter a new bull run due to the shaking condition of traditional finance. Weak Banks Could Pump BTC up Analysts Gautam Chhugani and Manas Agrawal believe the banking crisis in America could worsen in the future and suggested...

Texas became a serious crypto mining hub about two years ago, and it looks like things are set to stay this way for some time. Despite a wide array of headwinds and problems the industry has been facing, Texas crypto mining has remained quite steady, and the Lone Star State is still being sought out by new companies and facilities. Texas Is Still the High-Ranking Crypto Mining Official Texas became a serious region for crypto mining beginning in the summer of 2021. The...

The European market recorded a gross domestic product (GDP) of 0.0 percent in the first quarter of 2023 compared with the fourth quarter of 2022. The European economy displayed market resilience during the first quarter despite being cut off from the Russian oil and gas supply since the invasion of Ukraine. The EU market was, however, marred by rising inflation amid bank deposits flight similar to the United States banking crisis. Nonetheless, the European Central Bank has continued to...

[PRESS RELEASE – United Kingdom, London, April 28th, 2023] A leading crypto exchange platform, StormGain, is announcing its partnership with Unstoppable Domains, a company that offers blockchain-based domains to replace cryptocurrency addresses with a human-readable name. The partnership aims to provide StormGain users with enhanced security and more convenient access to the StormGain DEX platform. As part of the partnership, Unstoppable Domains will offer a 25% discount, up...

Analysts at H.C. Wainwright have said that the crypto winter of 2022 ceases to have any bearing on related stocks.  H.C. Wainwright believes that the crypto winter is over and has called for a buy on Coinbase (NASDAQ: COIN) stock. According to the New York-based investment bank, Coinbase stands to benefit from global digital asset economy growth sooner rather than later. H.C. Wainwright released a statement on Wednesday that underscored its bullishness on the prices of crypto assets. The...

The shares of First Republic Bank have declined to a record low after the lender announced that depositors withdrew over $100 billion in the first quarter. It has been under massive pressure since a series of bank failures in the United States sparked fears of a wider crisis. The private-sector initiatives are being led by the First Republic Bank’s advisers but are yet to reach an agreement. US officials have now stepped in to coordinate urgent talks to rescue the commercial...

With bitcoin trading for just over $28,000 per unit at the time of this writing, it really looks like the many elements that brought BTC down in 2022 may be behind us, and several analysts are contemplating if a $100K price is in BTC’s immediate future. Many Believe Bitcoin Could Hit $100,000 in 2023 The price of the world’s number one digital currency by market cap has rallied by more than 70 percent since the end of last year. Among the people who think bitcoin could...

As part of the partnership, Google will bring the Blockchain Node Engine, which is Google’s fully managed node hosting service, to the Polygon ecosystem. In a recent development, Google Cloud announced its partnership with Polygon Labs and will thus make it easier for developers to build, launch, as well as grow their Web3 products and other decentralized applications on the Layer-2 scalability platform of Ethereum. This strategic alliance will help in boosting the transaction throughput...

Innovative Layer-1 blockchain Findora has introduced a Triple Masking SDK privacy-preserving solution for Web3.  Findora has launched a Web3-focused Triple Masking SDK for developers to easily integrate zero-knowledge (ZK) proofs into their decentralized applications (dApps). According to the programmable privacy-enabled public blockchain, the Findora Triple Masking ZK SDK also enhances user transactions. For instance, users can now transact privately while remaining auditable and have...

The investment from a16z is a strong vote of confidence in Pinecone’s technology. California-based AI startup, Pinecone has received a $100 million investment from venture capital firm Andreessen Horowitz (a16z) in its series B funding. The round also featured ICONIQ Growth, Menlo Ventures, and Wing Venture Capital. Following the investment, the company now has a market valuation of $750 million. With the investment, the vector database company will expand its team and improve its database...