The cryptocurrency industry has been going through a rough patch in recent weeks in the bearish charge led by its two largest assets by market capitalization – Bitcoin (BTC) and Ethereum (ETH) – and analysts are looking at how much the latter could further decline if the market continues to pull back. Indeed, the mid-$1,500s area is the level of ...
The CoinMarketCap cryptocurrency community price estimate is based only on the votes of its users. Estimates do not guarantee end-of-month prices. While a large part of the cryptocurrency market continues to swim in the sea of red, Cardano (ADA) has not stood out. However, the cryptocurrency community still holds bullish expectations for its price in the near future. Specifically, the ...
Amid regulatory uncertainty causing trouble for the cryptocurrency industry, venture capital (VC) deals with cryptocurrency companies have continued to decline in the first three months of 2023, representing the fourth quarter in a row of falling investment activity. As it happens, crypto businesses have raised $2.6 billion in VC globally during the first quarter of this year, which represents an ...
Inflation concerns have been on the rise as the global economy continues to recover from the pandemic. As a result, governments and central banks worldwide have been under pressure to hike interest rates to curb inflation and maintain economic stability Microstrategy co-founder Michael Saylor discussed various topics, including Bitcoin (BTC), Ordinal inscriptions, inflation, and the future of money, in an ...
As the majority of the cryptocurrency sector continues to trend sideways or downwards, its representative asset – Bitcoin (BTC) – has reached the lowest supply on crypto exchanges in more than five years, indicating that crypto traders and investors are increasingly turning to self-custody. Specifically, the amount of Bitcoin on crypto exchanges has reached 5.84%, the first time since December ...
Following a disastrous 2022, XRP, as well as other cryptocurrencies, have seen a decent bull run this year. However, it is uncertain how XRP will continue to perform in the coming months amid Ripple’s ongoing dispute with the US Securities and Exchange Commission (SEC). On May 11, crypto trading expert Ali Martinez identified a potential bullish move for XRP. According ...
In recent weeks, the crypto market has been dominated by rising interest in meme coins. These digital currencies, often with no practical use cases, have gained significant popularity among investors seeking quick profits. Tron (TRON) founder Justin Sun said in a tweet on May 11 he plans to start trading meme coins using his public crypto wallet address. Sun added ...
Weeks after finalizing the joint project with the central banks of Sweden, Norway, and Israel, analyzing the advantages and challenges of using central bank digital currencies (CBDCs) in international payments, the Bank for International Settlements (BIS) has released a handbook on their offline use. As it happens, the BIS Innovation Hub Nordic Center, in partnership with Consult Hyperion, has published ...
Coinbase, one of the world’s largest cryptocurrency exchanges, has faced significant backlash after sending a newsletter to its customers that referred to Pepe (PEPE), a popular meme-inspired token, as a “hate symbol.” Pepe, which has gained considerable traction in the crypto world since its launch around three weeks ago, is based on the Pepe the Frog meme, which originated as ...
The CoinMarketCap cryptocurrency community price estimate is based only on the votes of its users. Estimates do not guarantee end-of-month prices. While the largest part of the cryptocurrency market has been going through a rough patch in recent weeks, trading sideways at best, its second-largest asset by market capitalization – Ethereum (ETH) – has been no exception, and the crypto ...
