news

Fidelity's director of global macro, Jurrien Timmer, believes that bitcoin is the "exponential gold" of the digital age. In a series of posts on social media platform X, Timmer outlined his views on bitcoin's potential as a store of value and hedge against monetary debasement. Bitcoin's Role as a Commodity Currency Timmer describes bitcoin as […]

Bitcoin Bitcoin (BTC) experienced a decline of 3.3% on Friday, November 3, 2023, with its price dropping to $34,195. The trading volume for the last 24 hours stood at $20.79 billion. The relative strength index (RSI) reading of 70 suggests that bitcoin is approaching overbought levels, while the Stochastic oscillator of 86 indicates the possibility

Introduction In a surprising turn of events, Coinbase, the publicly-traded cryptocurrency exchange, has announced favorable financial results for the third quarter of 2023, despite the ongoing slump in the crypto market. The company's net income reached $2 million, while adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at $181 million. This article delves

The stablecoin market experienced significant growth in October, with the addition of $608 million to the fiat-pegged token market. This growth comes after several consecutive monthly declines. However, despite the overall increase, six out of the top ten stablecoins saw reductions in their supply during the month. Fiat-Pegged Token Market Grows Modestly in October, Led

The Bankman-Fried Saga: From Crypto King to the Courtroom's Closing Arguments Federal prosecutor Nicolas Roos presented his closing arguments this week, alleging that Sam Bankman-Fried, the CEO of cryptocurrency exchange FTX, had stolen billions of dollars from customers and repeatedly lied to conceal his actions. According to Roos, Bankman-Fried's web of deception eventually crumbled, leaving

A Visionary Leader in the Cryptocurrency Realm Sangho Grolleman, the CEO of Cryptopia, brings a wealth of experience in the cryptocurrency realm since 2018. With a background in various cryptocurrency startups and a diverse skill set encompassing entrepreneurship, digital marketing, and full stack development, Sangho is a multifaceted expert in the field. Passionate About Gaming

Introduction An investigation conducted by the Organized Crime and Corruption Reporting Project (OCCRP) claims that Nayib Bukele, the President of El Salvador, diverted hundreds of millions of dollars granted by the Central American Bank for Economic Integration (CABEI) to fund the development of bitcoin as legal tender in the country. The OCCRP Investigation The OCCRP

Jamie Dimon Shares Economic Outlook The CEO of JPMorgan Chase, Jamie Dimon, recently discussed his outlook on the U.S. economy, inflation, and future interest rate hikes in an interview with Yahoo Finance Live. Dimon expressed concerns about the possibility of inflation being more persistent than anticipated and highlighted that the government's fiscal and monetary stimulus

The leading payments company, Paypal, has successfully obtained registration with the Financial Conduct Authority (FCA) in the United Kingdom. This achievement was verified by the FCA's website on October 31. Paypal's registration comes shortly after the temporary suspension of crypto purchases within the UK. However, the company has committed to reinstating these services at the

Bitcoin.com, a pioneer in democratizing cryptocurrency access, is excited to announce the upcoming launch of its VERSE token on the Polygon PoS chain. This significant move follows the Verse community’s first-ever direct vote, a process that underpins Bitcoin.com’s commitment to community-driven decision-making and amplifies the ethos of decentralization. Why choose Polygon? The decision to launch