bitcoin
In a major development in the cryptocurrency world, a crypto whale has reportedly purchased a massive 357.34 billion PEPE tokens, valued at approximately $2.9 million, from the Binance exchange. This transaction was highlighted by the major analytics account on X, @lookonchain, which noted the subsequent withdrawal of these tokens to a private wallet, signaling the birth of a new PEPE whale. PEPE sees price fluctuation amidst heavy tradingFollowing the purchase, PEPE experienced a price surge of nearly 7%, reaching $0.00000821, before undergoing a slight correction to $0.00000804, a drop of 4....
Invezz
Those who watch the Robinhood Markets Inc stock price closely might be forgiven for getting a little dizzy in past twenty-four hours – it’s certainly been a wild ride. Robinhood share prices rose 6.3% to $18.97 yesterday, over 6%, during extended US trading hours, to close at $17.99 on Wednesday. They then dipped all the way down to $17.60, Robinhood’s opening price today, before rallying slightly to $17.85. And this is after Tuesday’s similar stock price gymnastics, when share prices rose from a $17.75 opening all the way up to $18.26, only to close lower again at $17.99. What has caused all ...
Invezz
Once one of the largest cryptocurrency exchanges in the world before its monumental collapse two years ago, FTX said this week that nearly all of its customers will receive the money back that they are owed. FTX said in a court filing in the United States late on Tuesday that it owes about $11.2 billion (€10.4 billion) to its creditors. The exchange estimates that it has between $14.5 billion (€13.5 billion) and $16.3 billion (€15.1 billion) to distribute to them. How did we get to this point? Here is a timeline of what led up to this week's announcement after an implosion at FTX kicked off wh...
Euronews (English)
Meme coins are typically considered more speculative than other altcoins. In the ongoing cycle, meme coins on the Solana and Base chain, top assets by market capitalization like Dogecoin (DOGE), Shiba Inu (SHIB) have yielded massive gains for holders. Colin Wu, Chinese journalist recently reported that 138 meme coins were registered on Coinmarketcap in April 2024, against 18 in April 2023. The meme coin narrative is 4.6 times more profitable than the next best performing crypto narrative Q1 of 2024, supporting the thesis that meme coins are the secret sauce of traders in the ongoing cycle. Why...
Invezz
GoMining, an infrastructure company that facilitates access to Bitcoin mining, has successfully raised $3 million in a funding round led by the international venture capital fund, Bitscale Capital. Investment to bolster global mining operationsBitscale Capital’s investment entails acquiring $3 million worth of equity in the form of GOMINING tokens, the native cryptocurrency of the GoMining ecosystem, and a collection of NFTs. These NFTs represent shares of GoMining’s extensive digital Bitcoin mining infrastructure across nine global data centers. This funding is aimed at enhancing GoMining’s m...
Invezz
During the latest G20 summit, India played a major role in pushing for global rules governing organisations over crypto assets. It noted that virtual currencies were transnational and therefore needed international cooperation to be well regulated and their wider macro-financial effects managed. Global efforts in crypto regulationMiCA regulation, set to be enforced in the European Union next year, may transform the crypto-asset landscape entirely. The Dubai International Financial Centre (DIFC), one of the leading financial hubs in the MEASA region, has introduced Digital Assets Law – the worl...
Invezz
Coinbase Global Inc (NASDAQ: COIN) has done exceptionally well over the past three months but it may be as far as its shares go at least in the near term. Ryan Lee shares his view on BitcoinThe crypto stock has outperformed this year partially on the back of a sharp rally in Bitcoin. But there’s reason to believe that the world’s largest cryptocurrency by market cap will pullback in May, says Ryan Lee – the chief analyst at Bitget. From the perspective of Fed Net Liquidity, market liquidity is significantly tightening, which may lead to average performance for BTC in May. Options market, he ad...
Invezz
There are signs that Bitcoin (BTC) is headed for potential relief from the selling pressure it has faced in recent weeks. The M2 money supply, a crucial economic indicator, has flipped positive for the first time since November 2022, hinting at a shift in investor sentiment towards assets like Bitcoin. In addition, prominent crypto market figures including the former BitMEX CEO and the current CEO of Vailshire Capital Management believe Bitcoin has hit bottom and could start seeing a gradual recovery. M2 money supply points to easing selling pressure Contrary to the expectation of many, Bitcoi...
Invezz
Bitcoin (BTC) plunged to its lowest level in two months on Wednesday. Bitcoin Spot ETFs observed $563 million in net outflows, as seen on CoinGlass. Analysts believe Bitcoin bottom is likely between the $55,000 and $57,000 level. BlackRock’s IBIT records first daily outflow, worries BTC holdersBitcoin holder sentiment turned negative as Spot ETFs recorded their largest single day outflow. BlackRock’s IBIT lost $37 million for the first time since its inception, a cause for concern among market participants. Bitcoin holdings of spot BTC ETFs Bitcoin wiped out 8% of its value since Monday, down ...
Invezz
“India is experiencing a significant evolution in its crypto industry”, says Shivam Thakral. He’s the chief executive of BuyUcoin. Thakral expects crypto adoption to accelerate in IndiaThakral is convinced the world’s fifth largest economy is seeing a “shift in mindset” from its typical risk-averse investment approach. And the momentum, he told Invezz in a recent interview, will only accelerate as regulatory clarity continues to improve moving forward. Still, the chief executive agreed there were risks involved and recommended that investors conduct thorough research and take a long-term stanc...
Invezz
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