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Despite $250 Billion Worth of Transactions, Digital Yuan Users Prefer Physical Cash
13.5.2024
Some participants of China’s Central Bank Digital Currency (CBDC) pilot program, specifically state workers paid in digital yuan (e-CNY), are quickly converting their digital currency to physical cash due to concerns over its utility and lack of incentives like interest on savings. Despite...
Stablecoin Market Stabilizes at $160 Billion; FDUSD and PYUSD Lead Growth
11.5.2024
Over the past 19 days, the stablecoin economy has stabilized with negligible growth after reaching the $160 billion threshold at April’s end. Out of the top five, FDUSD is currently the frontrunner in terms of 30-day growth, showing a 15.3% increase in supply. Stablecoin Valuation Holds...
Solana Price Prediction as SOL Surges 7.8% with $2.8 Billion Volume – Are Whales Buying Before $1,000?
10.5.2024
SOL has jumped by 8% today, with the Solana price reaching $153.37 as the wider crypto market gains by 2.5% in the past 24 hours.
The post Solana Price Prediction as SOL Surges 7.8% with $2.8 Billion Volume – Are Whales Buying Before $1,000? appeared first on Cryptonews
XRP Price Prediction as SEC Pushes for $2 Billion Penalty Against Ripple – Will XRP Plummet?
9.5.2024
The XRP price has slid by 1.5% in the past 24 hours, dropping to $0.5136 after the SEC filed in support of its motion requesting a nearly $2 billion penalty for Ripple.
The post XRP Price Prediction as SEC Pushes for $2 Billion Penalty Against Ripple – Will XRP Plummet? appeared first on Cryptonews
Robinhood Reports 224% Surge in Crypto Trading Volumes in Q1
9.5.2024
Popular trading platform Robinhood has experienced a substantial increase in crypto trading volumes during the first quarter, with a surge of 224% to reach $36 billion.
The post Robinhood Reports 224% Surge in Crypto Trading Volumes in Q1 appeared first on Cryptonews
Bitcoin Price Prediction as $1B Liquidity Fund Launched for Hong Kong Crypto ETFs – Will Asia Lead the Next Bull Market?
9.5.2024
The launch of a $1 billion liquidity fund in Hong Kong could be the catalyst for a bullish resurgence in Bitcoin's market value.
The post Bitcoin Price Prediction as $1B Liquidity Fund Launched for Hong Kong Crypto ETFs – Will Asia Lead the Next Bull Market? appeared first on Cryptonews
Judge Denies Cristiano Ronaldo’s Motion To Dismiss NFT Lawsuit
8.5.2024
Christiano Ronaldo could not score a dismissal of a $1 billion lawsuit against him concerning his "deceptive and unlawful" NFT promotion for Binance.
The post Judge Denies Cristiano Ronaldo’s Motion To Dismiss NFT Lawsuit appeared first on Cryptonews
Asset Manager Susquehanna Has $1.8 Billion Locked In Bitcoin ETFs
8.5.2024
A new SEC filing has uncovered Susquehanna as a billion-dollar owner of the new Bitcoin ETFs.
The post Asset Manager Susquehanna Has $1.8 Billion Locked In Bitcoin ETFs appeared first on Cryptonews
Susquehanna International Group adds $1B in Bitcoin ETFs to portfolio
7.5.2024
According to a filing with the U.S. SEC, Susquehanna International Group invested more than $1 billion in Bitcoin ETFs in Q1 2024
Shiba Inu Price Prediction as Whale Moves 800 Billion SHIB Within 1 Minute – Big News Coming?
7.5.2024
SHIB has dropped by 6% in the past 24 hours, with the Shiba Inu price moving to $0.00002401 on day when the crypto market has fallen by 1.5%.
The post Shiba Inu Price Prediction as Whale Moves 800 Billion SHIB Within 1 Minute – Big News Coming? appeared first on Cryptonews
Warren Buffett Sees No Alternative to US Dollar as Reserve Currency — Berkshire Holding $188 Billion in Cash
6.5.2024
Warren Buffett, chairman and CEO of Berkshire Hathaway, asserts that there is currently no viable alternative to the U.S. dollar as the world’s reserve currency, suggesting that U.S. debt will remain acceptable “for a very long time.” Berkshire currently sits on a cash pile...
Jack Dorsey’s Block to raise $1.5B in senior notes offering
6.5.2024
Fitch Ratings notes that Block has used convertible debt for external funding since its IPO and is well-positioned to exploit the growth in payments and consumer financial services
Bitcoin makes history: Surpasses one billion transactions
6.5.2024
Bitcoin, the pioneering cryptocurrency, has reached a significant milestone, surpassing the one billion transactions mark nearly eight hundred weeks after its launch. This achievement underscores Bitcoin’s enduring relevance and adoption as a decentralized digital currency, with implications...
Bitcoin Price Prediction: $64K Surge Amid ETF Inflows & 1B Transactions
6.5.2024
Bitcoin's price soars past $64K, buoyed by a surge in ETF investments and a historic milestone of 1 billion blockchain transactions.
The post Bitcoin Price Prediction: $64K Surge Amid ETF Inflows & 1B Transactions appeared first on Cryptonews
Crypto Venture Capital Funding Surpasses $1 Billion for Second Consecutive Month
6.5.2024
For the second month in a row, crypto venture capital funding has exceeded the $1 billion mark, highlighting continued investor interest in the industry.
The post Crypto Venture Capital Funding Surpasses $1 Billion for Second Consecutive Month appeared first on Cryptonews
Bitcoin Crosses One Billion Transactions After 15 Years
6.5.2024
Over a decade after its creation in 2009, Bitcoin achieves a major milestone by processing its one-billionth transaction as its price rebounds to $64,000 level.
The post Bitcoin Crosses One Billion Transactions After 15 Years appeared first on Cryptonews
Crypto venture capital funding hits $1B for second straight month
6.5.2024
It is the first time since late 2022 where the industry has recorded two consecutive funding months above $1 billion
Bitcoin reaches one billion transactions
6.5.2024
An average of 178,475 daily transactions have been made on Bitcoin in its 5,603 day existence
BTC-e founder pleads guilty in $9 billion laundering conspiracy
4.5.2024
A federal district court judge will determine his sentence in accordance with the U.S. Sentencing Guidelines and other statutory factors
Chinese AI Startups Take on Industry Giant OpenAI
4.5.2024
A new wave of AI startups in China is rising to challenge OpenAI's dominance in the generative AI market. With ChatGPT unavailable in China, companies like Zhipu AI, Moonshot AI, and MiniMax are developing AI systems for content creation, attracting major...