In an interview with Pirate Wires, Jack Dorsey, CEO of Block Inc., unveiled his forecast for Bitcoin, envisioning its value surpassing $1 million by 2030. This bold assertion isn’t merely focused on the cryptocurrency’s price. Dorsey is captivated by the vibrant ecosystem that propels its growth. Why Jack Dorsey is Bullish on Bitcoin Dorsey believes […]
The Bitcoin kimchi premium in South Korea has plummeted significantly amid a broader market decline, signifying weakened enthusiasm among digital asset investors in the country. According to data from CryptoQuant, the Bitcoin kimchi premium slumped to 1.5% on Friday during the afternoon trading session in Asia. Bitcoin Kimchi Premium Slumps For the uninitiated, the kimchi […]
In a recent episode on the popular podcast ‘The Rich Dad Channel,’ Robert Kiyosaki, the author of the renowned book “Rich Dad Poor Dad,” advocated for crypto investments, specifically Ethereum and Bitcoin. The financial expert has shed light on the diminishing value of the United States Dollar (USD), emphasizing the potential onset of a market […]
Ethereum co-founder and Consensys CEO Joseph Lubin has accused the United States Securities and Exchange Commission (SEC) of intentionally stifling innovation in the cryptocurrency industry to protect the existing financial landscape. Speaking at FT Live’s Crypto and Digital Asset Summit in London, Lubin shed light on his company’s decision to sue the SEC after receiving […]
In light of recent claims of sexual misconduct, Neel Somani, the founder and CEO of Eclipse, an Ethereum scaling startup, has made the announcement that he would be resigning from his position as a “public face” for the company [1]. It is Somani’s intention to defend himself and vindicate his […]
Crypto exchange Kraken has intensified its fight against the US Securities and Exchange Commission (SEC) by formally submitting a reply in support of its motion to dismiss the agency’s lawsuit. The filing, dated May 9, 2024, challenges the SEC’s claim that Kraken operated as an unregistered exchange dealing with securities, specifically “investment contracts.” Led by […]
MarketVector, a subsidiary of the renowned American asset management giant VanEck, has launched the MEMECOIN Index. It has shown impressive performance, surging 195% in the past year and 137% since the start of 2024. This index aims to track the performance of six popular meme coins, such as DOGE, SHIB, and others. VanEck’s MEMECOIN Index […]
Marathon Digital Holdings reported a record net income of $337.2 million in 2024’s first quarter. The firm’s quarterly net income, published in its May 9 earnings report, represents 184% year-over-year growth from $118.7 million in the first quarter of 2023. EPS for the quarter stood at $1.26 per diluted share The company reported record revenues […]
Could China’s sentiment around crypto be a turning tide? A move from Tencent Cloud this week could certainly suggest so. An unexpected investment in web3-related tools will hit the market from Tencent Cloud’s team, positioning the Chinese tech firm alongside the ranks of other global tech firms to make recent strides in web3, such as […]
In an almost 15-minute video, Charles Hoskinson, co-founder of Ethereum (ETH) and founder of Cardano (ADA), shared his views on President Joe Biden’s administration’s stance towards the crypto industry. Hoskinson highlights the statement from Biden’s administration regarding H.J. Res 109. This resolution is against the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) 121. […]
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