Markets

In a recent blog post, Coinbase CEO and Co-founder Brian Armstrong expressed the belief that cryptocurrency is not just a passing trend but represents the future of money. Notably, Coinbase is on a mission to expand economic freedom for more than a billion people, emphasizing the transformative potential of the asset class in reshaping the financial landscape and empowering individuals globally. Coinbase to Focus on Building Trusted and Compliant Products The growing adoption...

Cryptos across the board have enjoyed a tremendous pump over the past 24 hours, with two top performers being Solana and Polkadot. Meanwhile, the new Bitcoin Minetrix is also surging ahead, having just surpassed $5.7 million at its presale. Bullish Sentiment Builds for Solana and Polkadot as Prices Rise Despite an explosive few months, Solana is continuing to gather momentum, recently touching $99. Currently, Solana is priced at $91, up 5.4% today, 16.93% this week, 66% this...

Solana’s native – SOL – token has been on an absolute tear this month. After flipping XRP, it briefly surpassed BNB before settling as the fifth-largest crypto asset. Over the past week alone, SOL has surged by nearly 23%, partly fueled by the excitement surrounding airdrops, which contributed to the complete sell-out of Solana’s Saga phone and its trading at a premium on secondary markets. However, recent data indicates that SOL constitutes the largest holding of FTX and...

The meme coin market is witnessing a massive rally, highlighted by the recent impressive rallies of Gorilla (GORILLA) and Bonk (BONK). BONK has been among the top crypto performers, gaining over 9200% in the past two months. On the other hand, since its recent listing on MEXC on 4 December, Gorilla saw an over 220% increase in the past few weeks. These tokens have seen massive community support that drives their growth and popularity. Over the past day, both the tokens have...

As Bitcoin maintains its elevated position around $44,000, the options market is showing mixed signals, according to options data tracking website Greeks.Live. Notably, both Bitcoin and Ethereum block trades have witnessed a prevalence of put buying, with a combined value of $100 million. The dominance of put options, amounting to $13 million for BTC and $88 million for ETH, suggests a widespread sentiment among institutional players favoring bearish positions. Of particular...

Gensler disclosed that the SEC is actively reviewing rules that could potentially hurt the crypto industry. In a recent interview with CoinDesk, Gary Gensler, chairman of the United States Securities and Exchange Commission (SEC), voiced his concerns regarding the crypto industry, noting that the space is rife with fraud and bankruptcies. The SEC chair said while he respects investors’ decision to explore the crypto market, he does not believe they receive adequate disclosures regarding...

With rumors stating that the SEC is likely to approve the first-ever Bitcoin Spot ETF in January 2024, there is a speculative ERC-20 token, which could offer soaring returns following its new exchange listing. This new Bitcoin ETF Token ($BTCETF) is tied to the fate of the Bitcoin Spot ETF – rewarding investors through multiple token-burning events and staking rewards. As we approach the end of 2023, Bitcoin is also creeping closer to the $45K dmark ue to the favorable ETF...

According to analysts at Bitfinex, crypto is undoubtedly gaining more traction globally. Moreover, considering the current state of the crypto market, especially with asset prices, it appears that even more global acceptance is on the way for crypto. Bitfinex analysts have made a bold prediction about the number of users that we might expect to see in the crypto industry come 2024. Their prediction, which was detailed in a recent report suggests that the number of crypto users may be...

Polkadot, the blockchain interoperability platform, is entering the world of gaming through a strategic collaboration with Parity Technologies and Unity Games. This partnership facilitates Polkadot’s integration with the game engine that powers popular titles such as Pokémon Go and Call of Duty Mobile. Unity Games, a leading software development kit (SDK) provider for game developers, commands a substantial 60% share of the mobile gaming market. The collaboration involves Polkadot joining...

Recent reports demonstrate that Marathon Digital has been eager to expand its business. The stock of Bitcoin mining company Marathon Digital Holdings Inc (NASDAQ: MARA) has so far seen remarkable growth in 2023. This follows after it surged 628.82% since January 1 to bring its current price to $26.47 on MarketWatch. Although the stock price shows a major decline from its all-time high of $166.40, it also indicates an appreciable gain over the last 12 months. The rise of MARA, however,...