Coinbase, the leading US-based crypto exchange, has experienced a significant increase in its market share following the launch of multiple spot Bitcoin exchange-traded funds (ETFs) in January. This surge has caught the attention of analysts at Goldman Sachs, who have upgraded their rating on Coinbase shares from selling to neutral. As a result, they have
Cryptocurrency trading has always been a volatile and risky market, with potential for huge gains and losses. However, one cryptocurrency trader managed to turn a mere $310 investment into a staggering $5 million in just 3 months. This incredible success story has caught the attention of many in the crypto community and beyond. The trader
In the ever-evolving world of cryptocurrencies, meme coins have carved out their own niche. With major players like Bitcoin soaring to new heights, the meme coin market is also experiencing a surge in popularity. However, as valuations of the well-known meme coins continue to rise, traders are seeking lesser-known alternatives with potential for growth. One
The central bank of the Philippines (BSP) is on a mission to finalize a Central Bank Digital Currency (CBDC) pilot by the end of the year, as reported by local press. Deputy Governor for Payments and Currency Management, Mamerto Tangonan, stated during a press briefing that the timeline for completing the pilot is within the
A recent report unveiled the extensive Bitcoin assets held by Elon Musk’s Tesla and SpaceX companies, shedding light on the significant profits they have generated thus far. According to Arkham Intelligence, an AI-based blockchain analytics platform, Tesla purchased approximately $1.5 billion worth of BTC in January 2021. Since then, the automotive giant has engaged in
Ethereum price has shown an impressive uptrend recently, extending its increase toward $3,950. The cryptocurrency is now consolidating gains and might even aim for a move above the $4,000 resistance. This notable surge in price has caught the attention of many investors and traders in the market. In contrast to Bitcoin, Ethereum has managed to
The cryptocurrency community is abuzz with excitement following a recent prediction by well-known analyst Willy Woo regarding Bitcoin’s future. Woo, recognized for his accurate forecasting in the past, believes that a significant surge in Bitcoin’s price is imminent. His optimism is based on the recent approval of spot Bitcoin ETFs, which allow traditional investors to
BNB price has been experiencing a bullish momentum lately, surpassing the $450 resistance level and indicating a strong uptrend. The price is currently trading above $465, with the 100 simple moving average (4 hours) providing additional support. This positive movement was further confirmed by a break above a connecting trend line with resistance at $430
Tether Limited has recently signed a Memorandum of Understanding with Uzbekistan’s National Agency of Perspective Projects (NAPP) to collaborate on developing a regulatory and legal framework for digital assets in the country. This strategic partnership aims to position Uzbekistan as a central hub for blockchain and peer-to-peer telecommunication technologies, with a focus on promoting innovation
US Federal Reserve Chair Jerome Powell recently made a statement during a Senate Banking Committee hearing, where he emphasized that the Fed is far from adopting or recommending a central bank digital currency (CBDC). Powell sought to allay fears regarding privacy concerns, asserting that the Federal Reserve would not support a system that allows for