American hedge fund Pantera Capital is bullish on Bitcoin (BTC), predicting that the leading token’s price may reach six figures in the near future. According to the “Blockchain Letter” issued by the crypto fund, which boasts of $3.5 billion worth of Assets Under Management (AUM), to investors, Bitcoin could reach as high as $147,843 per […]
The Internal Revenue Services (IRS) recently proposed new rules for brokers to follow when selling and trading digital assets, in an effort to catch crypto users avoiding taxes. This has been met with criticism from prominent crypto commentators, who believe that the stringent rules will push the crypto industry away from the United States.Messari CEO […]
CNBC, one of the world’s largest cable news networks, has dropped Bitcoin Cash (BCH) and Litecoin (LTC) from its coverage and replaced them with Solana (SOL). The network will continue to cover news related to Bitcoin and Ethereum, two of the world’s most valuable crypto platforms.It is unclear why CNBC dropped BCH and LTC, but […]
Ronaldinho, one of the greatest soccer players of all time, is being investigated by Brazilian authorities over allegations that he may have been involved in a cryptocurrency scam. The scheme, called “18kRonaldinho”, promised investors generous returns of 2% per day if they invested at least $30 in digital currencies. Ronaldinho was an ambassador for the […]
Coinbase has announced that it will be adding PayPal’s new stablecoin, PayPal USD (PYUSD), to its listing roadmap. The digital asset is designed to maintain a 1:1 peg with the US dollar and is built on Ethereum. PayPal customers can buy and sell PYUSD through the PayPal app and website and convert it to other […]
Bitcoin and Chainlink are two of the top cryptocurrencies with potential as long-term investments. Bitcoin, the world’s largest crypto by market cap, is seen as a safe-haven investment rather than a conventional currency. It has gained attention in 2021 due to Tesla CEO Elon Musk’s announcement of the company’s $1.5 billion investment, followed by the […]
Ethereum’s price has been relatively flat in the last 24 hours, with a slight 11% drop in the past month. The Federal Reserve Chairman, Jerome Powell, has hinted at more interest rate hikes in the future, but this has not caused any panic. Ethereum’s price chart currently shows a bearish sentiment, with the Parabolic SAR […]
Bitcoin’s market has seen unprecedented movements yesterday, with the fifth largest outflow of Bitcoin in 2023 amounting to nearly $300 million or 10,000 BTC. This withdrawal was facilitated by Bithumb, a leading global exchange, which now holds only 8,500 Bitcoins. This event could indicate a growing preference among investors for holding cryptocurrencies in personal wallets […]
