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Is Near Protocol About to Crash? NEAR Price Drops 4% as Focus Turns to Novel Learn to Earn Protocol
11.4.2024
As the market prepares for Bitcoin’s halving, NEAR Protocol’s NEAR token has fallen 7% over the last week to change hands at around $7. The dip comes despite market-wide price appreciation for most leading cryptocurrencies. NEAR Protocol is a Proof of Stake (PoS) blockchain that...
Ethereum Price Prediction as Franklin Templeton Applies for Ethereum ETF – $10,000 in 2024?
13.2.2024
Ethereum surged 7.7% in the last 24 hours to hit $2,673 on news that Franklin Templeton has filed for a spot Ethereum ETF. The price appreciation happens in the midst of a market-wide rally that adds 4.1% to the price of Bitcoin, which topped $50,000 last night. Exchange-Traded Funds (ETFs)...
Tether’s ‘Record-Breaking’ Q4 Profit Partly Attributed to Gold and BTC Price Appreciation
1.2.2024
In the last quarter of 2023, Tether Holdings Limited registered a “record-breaking net profit of $2.85 billion.” Overall, the stablecoin issuer’s net profit in 2023 topped $6.2 billion. Tether’s secured loans ($4.8 billion), which are collateralized by highly liquid...
ETC Group Releases Bitcoin Cash Report Praising High Usage and Vibrant Development
15.10.2021
ETC Group, an ETF issuer company, released a report last month about the evolution of Bitcoin Cash in the years after the hard fork that created it. While the company acknowledged the asset price is lagging compared to its older sibling, it praised the crypto on other aspects like development...
Bank of America Says the Only Good Reason for Holding Bitcoin Is ‘Sheer Price Appreciation’
19.3.2021
Bank of America sees no good reason to own bitcoin other than “sheer price appreciation.” The firm’s strategists found that the cryptocurrency’s “inflation hedging benefits are not particularly apparent.” Bank of America also claims that bitcoin does not offer...
‘I Don’t See What’s Going to Stop Bitcoin From Appreciating,’ Says Commodity Analyst
24.10.2020
A senior strategist with Bloomberg Intelligence says that he does not see what’s going to stop bitcoin from appreciating. He explains that as bitcoin matures, it will trade more like gold than stocks. The strategist also shares his view on how the November presidential election could affect...