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XRP Price Prediction as Ripple CEO Announces Plan to Utilize $1 Billion Cash Reserves for Company Expansion
23.5.2023
XRP, the cryptocurrency issued by US fintech firm Ripple, could see massive price gains if CEO Brad Garlinghouse’s plan to spend $1 billion on acquisitions proves successful.
The plan to spend up to a billion dollars from the company’s cash reserves was announced by Garlinghouse in an on-stage...
Crypto Exchanges Experience $1.77B Bitcoin and Ethereum Outflow in 30 Days
22.5.2023
Throughout May, the crypto market has remained steady, with a valuation just above the $1 trillion mark. Over the past 30 days, both bitcoin and ethereum prices have remained relatively stable. However, recent data reveals a significant amount of bitcoin has been withdrawn from exchanges, with...
Stablecoin Economy Shrinks by $7.3 Billion in 2023, USDC and BUSD Record Mass Redemptions
21.5.2023
From the beginning of this year, the crypto economy has surged by 41.77%, reaching a current market capitalization of $1.17 trillion. However, amidst this growth, the stablecoin economy experienced a substantial loss of $7.3 billion within a span of 140 days. Stablecoins Experience a Significant...
DAO Treasuries Surge: From $8.8B to $21.5B in 90 Days, Marking a 144% Increase
20.5.2023
According to archived records, 4,833 decentralized autonomous organization (DAO) treasuries held $10.8 billion on April 15, 2022. Over the course of 309 days, by February 19, 2023, the treasuries dwindled to $8.8 billion. However, during the past 90 days, there has been a significant surge, with...
Tether’s value reaches an almost record $84 billion
19.5.2023
Tether, which is more popularly known as USDT, is moving slowly and steadily towards achieving a record-breaking high of $84 billion in terms of its market capitalization. Through this, it has gone way ahead of its closest competition, USDC. What actually goes to its credit is the fact that in...
Ethereum Price Prediction as $6 Billion Trading Volume Rushes In – Are Whales Buying?
19.5.2023
The price of Ethereum (ETH) has dropped by 1% in the past 24 hours, slipping to $1,805 as the cryptocurrency market suffers a similar 1% dip.
ETH has risen by 2.5% in the past week but is down by 9% in the last 30 days, although the second-biggest cryptocurrency has also gained by 50% since...
Crypto Firm Hashkey Eyes $1 Billion Valuation, Capitalizing on Hong Kong's Digital Shift
19.5.2023
Hong Kong-based digital asset firm HashKey Group aims to raise funds at a valuation of more than $1 billion.
The company is in early-stage talks to raise $100 million to $200 million from potential investors, Bloomberg reported Friday, citing people familiar with the matter.
The deal...
Disney Cancels $1 Billion Florida Facility As Its War With Governor DeSantis Continues
18.5.2023
Last week, Disney CEO Bob Iger asked rhetorically if Florida and its governor, Ron DeSantis, wanted all of the company’s business and taxes. Now, events are moving beyond the mere rhetorical as Disney—citing “new leadership and changing business conditions” in Florida—has canceled big plans to move...
Litecoin Price Prediction as $1 Billion Trading Volume Comes In – Are Whales Buying Before the Halving?
18.5.2023
Litecoin (LTC) is on course for its first red day in five as the broader cryptocurrency market experiences a dip as US yields and the US dollar gain in wake of strong US data releases that push back against US recession bets, and after commentary from Fed speakers puts in doubt the idea that...
Gala Games does away with 21 billion GALA tokens
18.5.2023
Gala Games has taken the opportunity of coming out with its declaration that it has done away with nearly 21 billion GALA tokens. At the present point in time, the overall value of this is over the amount of $637 million. This is following its V2 token airdrop. The tokens were part of its reserves...
Stablecoin Issuer Tether Reveals Plan to Allocate Profits Into Bitcoin
17.5.2023
Tether, the stablecoin enterprise, has revealed its intention to devote 15% of its profits to bitcoin. The firm’s announcement comes on the heels of Tether’s recent attestation report, which emphasized the company’s possession of bitcoin reserves worth $1.5 billion....
Distributed ledger tech could save TradFi $100B a year: Lobby group
17.5.2023
A new report from the Global Financial Markets Association says regulators need to take distributed ledger technology more seriously
De-Risking or Decoupling? China- US Bilateral Trade Falls More Than 10% This Year
15.5.2023
Analysts have criticized the new ‘de-risking’ strategy that the U.S. is currently using against China, explained by U.S. National Security Advisor Jake Sullivan in April, clarifying that national security was over economic costs. These de-risking policies might affect bilateral trade...
Bitcoin Price Prediction as $8 Billion Trading Volume Comes In – Is the BTC Sell-Off Finally Over?
14.5.2023
In light of a remarkable $8 billion trading volume influx, Bitcoin's future valuation has become a hot topic among traders and investors.
This surge has sparked a flurry of speculation - could this be the end of Bitcoin's recent sell-off?
This Bitcoin price prediction seeks to explore potential...
Tether’s Market Cap Inches Towards All-Time High as Competitors Struggle With Redemptions
13.5.2023
Despite several U.S. dollar-pegged digital tokens experiencing notable redemptions in recent months, the largest stablecoin by market valuation, tether, is on the verge of achieving its highest-ever market capitalization. With a current value of $82.84 billion, tether is a mere $433 million shy...
Dogecoin Price Prediction as DOGE Reaches $10 Billion Market Cap But Crypto Experts Say AiDoge is a Better Buy – Here's Why
12.5.2023
The price of Dogecoin (DOGE) has dropped by 1.5% in the past 24 hours, with its slip to $0.070790 canceling out a brief return to a $10 billion market cap earlier this morning.
DOGE's fall today means it has lost 10% in a week and 13.5% in the last 30 days, with the meme token now up by only 0.5%...
Tether Announces Q1 Profit of $1.48 Billion and Discloses Bitcoin, Gold Reserves
11.5.2023
Stablecoin issuer Tether has announced a profit of $1.48 billion for the first quarter of this year, after rising interest rates helped the company earn higher returns on its massive reserves.
In addition to announcing the massive billion-dollar profit, Tether revealed in a press release...
Account abstraction could bring the next billion users to Ethereum: Ambire CEO
11.5.2023
In episode 19 of Hashing It Out, Ambire founder and CEO Ivo Georgiev explained a new technology aiming to bring increased flexibility and security to the Ethereum network
XRP Price Prediction as $1 Billion Trading Volume Floods In – Can XRP Reach $3 in 2023?
11.5.2023
The XRP price has dropped by 0.5% in the past 24 hours, dipping to $0.425301 amid a similar fall for the cryptocurrency market as a whole.
XRP is now down by 7.5% in the past week and by 18.5% in the last 30 days, yet it has risen by 25% since the start of 2023, with the wider market so...
FTX Bankruptcy Sees $44 Billion Claims from U.S. Internal Revenue Service
11.5.2023
The US Internal Revenue Service (IRS) has filed tax claims worth a staggering $44 billion against bankrupt crypto exchange FTX and its affiliated entities.
According to recent bankruptcy filings, the IRS has put forth a total of 45 claims against FTX companies related to unpaid taxes which could...