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Archives by Year:
Twitter’s Jack Dorsey Attends B Word Conference
Key Takeaways Today, Twitter and Square CEO Jack Dorsey attended “The B Word,” a virtual online Bitcoin conference. Dorsey discussed his interest in Bitcoin and expressed hope that it will become the native currency of the internet. He discussed Square and Twitter’s efforts to promote Bitcoin development without undermining its principles. This news was brought […]
Elon Musk Confirms Tesla Will Re-Accept Bitcoin
Key Takeaways Elon Musk stated today at “The B Word” that he plans for Tesla to accept Bitcoin as a form of payment once again. He also disclosed the cryptocurrencies that he personally holds, as well as Tesla and SpaceX’s corporate holdings. Finally, he discussed the issues around Bitcoin scaling and acknowledged Starlink’s role in […]
Dogecoin Looks Primed to Enter New Rally
Key Takeaways Dogecoin has seen its market value drop by more than 77% over the past three months. The meme coin appears to be bound for an explosive rally. If buy orders continue to pile up, DOGE could target $0.34. Warren Buffett’s famous quote about being “greedy when others are fearful” seems to be alive […]
BNY Mellon Adds to Crypto Activity with Pure Digital Bet
Key Takeaways BNY Mellon is investing in crypto trading platform Pure Digital, along with five other banks. Pure Digital is aiming to compete with Coinbase and FTX for institutional clients. The move suggests BNY Mellon is seeing more institutional demand for cryptocurrencies. This news was brought to you by Phemex, our preferred Derivatives Partner. America’s […]
XRP Poised to Rebound on Ripple Lawsuit Development
Key Takeaways The legal case between Ripple and the SEC has seen a new development after Ripple’s legal team claimed that the U.S. regulator violated the Securities Act. Meanwhile, a technical buy signal developed as XRP holds above a crucial support level. A spike in buying pressure could see the asset rise to $0.58. This […]
Canada CBDC “Might Be Beneficial”: Central Bank
This news was brought to you by Phemex, our preferred Derivatives Partner. The Bank of Canada has released a staff paper detailing several benefits of CBDC adoption, citing smart contract functionality as a major boon. Canada Explores CBDC Benefits Canada’s central bank appears to be bullish on CBDCs. In a staff paper published Tuesday, the […]
FTX Raises $900 Million and Hits $18 Billion Valuation
FTX, a major cryptocurrency exchange and crypto futures trading platform, has raised $900 million in a new funding round. Funding Round Attracts Top Investors The Series B funding round brought in money from over 60 investors including SoftBank Group Corp, Sequoia, Thoma Bravo Ribbit Capital, and VanEck. Two crypto exchange funds, Coinbase Ventures and Circle, […]
Flare to Airdrop Canary Network Token to XRP Holders
XRP holders who participated in the Spark airdrop snapshot in December will receive a second airdrop, Flare Networks announced today. Flare Plans New Airdrop For XRP Holders Flare Networks has announced a new airdrop as it plans to launch a Canary Network called Songbird. In an announcement, the team said it would airdrop Songbird’s native […]
Sushi Gives Away “LSD” NFTs to Announce Trident AMM
Key Takeaways Sushi has announced the launch of a new automated market maker, Trident. The new AMM aims to improve on capital efficiency and lower gas fees for users and will compete with existing DeFi applications. Sushi has released a limited edition LSD-themed NFT called “Bad Trip” to commemorate the launch. This news was brought […]
Ruffer Says it Sold Bitcoin to “Eschew the Mania”
Key Takeaways Ruffer said it was no longer interested in cryptocurrency, calling the investment class to be a “speculative bubble.” In April 2021, Ruffer sold off all its Bitcoin holdings after investing last year, locking a profit of $1.1 billion. Ruffer said that Bitcoin no longer fulfills the role of a diversifying asset. Ruffer has […]
