The cryptocurrency market is experiencing a significant change, as evidenced by the increase in the number of Bitcoin millionaires. By 2023, the number of addresses holding over $1 million in Bitcoin will more than triple, reaching a staggering number of over 81,000. This remarkable increase, representing a growth of 237% since January, coincides with the … Read more
Block, the fintech company led by former Twitter CEO Jack Dorsey, saw its stock price jump more than 20% to over $52 after hours on Thursday, after reporting better than expected Third quarter results. The company, formerly known as the Placereported net revenue of $5.62 billion, up 24% year-over-year (y-o-y), and adjusted EBITDA–earnings before interest, … Read more
Despite initial controversies and a tumultuous past, Pudgy Penguins underwent a transformative change under new management, propelling it to unprecedented success. Summary Pudgy Penguins is an adorable NFT collection known for its unique traits and vibrant community engagement. The rarity and distinctiveness of each chubby penguin contribute to its value and market appeal. The project … Read more
Yesterday’s rollercoaster ride was just the beginning for Bitcoin, as the asset returned to the offensive early in Asian trading hours and climbed to just over $36,000 for the first time since May 2022. With many altcoins performing even better, the total value of liquidated trade positions jumped to $150 million on a daily scale. … Read more
According to a recent report, the US-based virtual asset exchange EDXM or EDX Market, has confirmed plans to remove Bitcoin Cash (BCH) crypto from its trading offerings. The news caught the attention of investors while sparking curiosity and raising questions within the cryptocurrency community. However, despite the delisting announcement, the price of Bitcoin Cash increased … Read more
Warren Buffett can still check out cryptocurrencies and Bitcoin (BTC) as “rat poison squared“, but it generates big profits thanks to its position in a crypto-friendly bank in 2023. Warren Buffett’s ‘crypto bet’ up $130 million in 2023 The “Oracle of Omaha” purchased 107 million shares of Nu Holdings, a Brazil-based fintech company and owner … Read more
U.S. Securities and Exchange Commission Chairman Gary Gensler today wished Bitcoin a happy birthday by using Halloween to mock the cryptocurrency’s creator. In a post on Twitter on Tuesday, the top regulator also asked crypto companies to comply with securities laws. Fifteen years ago, the pseudonym Satoshi Nakamoto published the Bitcoin white paper, Bitcoin: a … Read more
The much-anticipated spot Bitcoin ETFs are likely to be disappointing for a considerable period after their launch. This is according to recently published research on the post-launch performance of ETFs focused on specialized market niches. The study found that these narrowly focused ETFs lag the broader stock market on average, on a risk-adjusted basis, for … Read more
BitMEX, the Seychelles-based cryptocurrency exchange, has announced a significant change to its deposit (BTC) address format. Starting November 1, 2023, BitMEX will implement the Payment-to-Witness Public Key Hash (P2WPKH) format, also known as Native Segregated Witness (SegWit) with a bc1 prefix, for all Bitcoin deposit addresses client. This change aims to optimize the use of … Read more
A Bitcoin adopter has outlined the various achievements of XRP, predicting a significant increase in the price of the cryptocurrency that could bring it closer to the $10 mark. Bitcoin OG announces $10 XRP in sight In a X (formerly Twitter), Bitcoin OG, Lucky predicted that the value of XRP could appreciate considerably, approaching the … Read more
