Category Archive: Cryptocurrency, No picture
Tesla “Tests Liquidity,” Sells $272M Bitcoin
Key Takeaways Tesla’s sale suggests that Bitcoin can act as a liquid solution to generate income from cash reserves. Tesla’s CFO added: “Bitcoin is a good decision to store cash not used in daily operations”. Their easy exit has shown other large companies that Bitcoin can be a valid investment – even for the biggest […]
Binance to Launch NFT Marketplace this June
Key Takeaways Binance is unveiling an NFT marketplace this June. The platform will host a market for premium auctions and exhibitions, and a regular day trading market. It will initially support Binance Smart Chain and Ethereum. It looks like Binance wants in on the NFT hype. Binance Eyes NFT Market Binance is about to open […]
Eminem Joins The Weeknd, Grimes, Raising $1.78M From First NFT Collection
Key Takeaways Eminem released his first set of NFTs through Nifty Gateway on Sunday. The collection raised just short of $1.8 million. The collection featured digital action figures, characters from iconic Eminem videos, Mathers’ original instrumental beats, and rare physical items. The NFT space has attracted many musicians this year, but Eminem is arguably the […]
Dogecoin Dev Passes Away, Leaving Seven Year Legacy
Key Takeaways One of Dogecoin’s most notable developers, Sporklin, passed away on Apr. 24 following a battle with cancer. She left the project earlier this year, both due to her health and due to disagreements on the direction of the project. Sporklin previously defended Dogecoin against those who believe the project has seen little significant […]
Whales Buy Ethereum After Other Investors Panic Sell
Key Takeaways Fear, uncertainty, and doubt have taken over the cryptocurrency market over the past few days. Whales seem to be taking advantage of the negative sentiment among investors to buy Ethereum at a discount. The rising buying pressure could push ETH to new all-time highs given the lack of resistance ahead. This news was […]
Bitcoin Bounces Back But Faces Stiff Resistance Ahead
Key Takeaways Fear, uncertainty, and doubt dominated investors who rushed to exchanges to sell their Bitcoin. While BTC’s price dropped, Tether’s market capitalization surged, signaling that demand for cryptocurrencies continued rising. Now that the pioneer cryptocurrency has bounced off a crucial support level, it could target nearly $57,000. Bitcoin is back in the green despite […]
JPMorgan May Launch a Bitcoin Fund This Summer
Key Takeaways JPMorgan seems to be trying to keep up with the growing institutional demand for Bitcoin. The American financial giant has not only recommended investors to add this digital asset to their portfolios, but now is allegedly creating a BTC fund. Sources familiar with the matter affirmed that the new fund could launch as […]
Step Finance Token Launch Spurs Complaints After 200x Rise
Key Takeaways Step Finance’s STEP token launched on Solana this weekend. It initially traded at $0.05 before hitting as high as $9.50. Some of the project’s supporters have argued that the launch was unfair after the price immediately jumped past $0.05. STEP’s rise comes as the Solana ecosystem experiences rapid growth. This news was brought […]
Amnesia Ibiza to Open Nightclub in Ethereum Metaverse
Key Takeaways Decentral Games and Amnesia Ibiza are partnering to launch a virtual nightclub. The club will feature three rooms. One space will show real-time events and another will be dedicated to live streams. Amnesia Ibiza is one of Ibiza’s most popular superclubs. It’s been a staple of the global electronic music scene for more […]
wNews: Biden’s Tax Plan Shines Spotlight on Bitcoin Borrowing Services
Key Takeaways Biden’s proposed tax law has spooked all markets, not just crypto. Experts suggest, however, that the pull back will be short-lived. After last weekend’s flash crash, both Bitcoin and Ethereum have traded sideways until finally revisiting new lows on Thursday. This week’s to-do list shows users three ways to stake and earn lucrative […]
