A new cryptocurrency is making headlines lately after taking over the much-loved memecoin Shiba Inu (SHIB). Avalanche (AVAX) catapulted into 11th place by market cap this weekend after a spectacular rally that saw it gain 36.6% since this time last Monday. The rally appears to have been prompted by the announcement of a partnership deal with Deloitte, one of the…
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The price of Bitcoin suddenly surged by over $2,000 earlier today, cracking a new all-time high (ATH) above $69,000. The event coincides with the US consumer price-index (CPI), which measures inflation, jumping to a 31-year-high – 0.3% higher than government estimates. With the pace of inflation over the past year now at 6.2% it’s way beyond the Federal Reserve’s 2%…
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Following last month’s listing of Shiba Inu (SHIB) on its platform, Coinbase has now overtaken TikTok to become the number 1 app on Apple’s AppStore. In essence, this makes buying cryptocurrency a more popular activity than using social media… or pretty much anything else in the world. How it started How it's going pic.twitter.com/7xCGmnHljI — Fred Ehrsam (@FEhrsam) October 28,…
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It’s clear that cryptocurrency has taken the investment world by storm in recent years. Chamath Palihapitiya, CEO of Social Capital and former Facebook executive, has even gone on record to say that Bitcoin has effectively replaced gold in terms of market value. While that statement may seem a little premature, crypto and Bitcoin in particular is a force to be…
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In recent months, Solana has emerged as the new platform of choice by non-fungible token (NFT) enthusiasts from around the world. While it’s still some way from overtaking the massive popularity of Ethereum, its faster transaction speeds and lower fees are difficult to compete with and show a lot of promise. One of the earliest Solana NFT projects, Degenerate Apes,…
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A Bitcoin exchange-traded fund (ETF) issued by ProShares has officially launched on the New York Stock Exchange. After nearly half a decade of failed attempts from a multitude of asset managers, the ProShares ETF was finally approved by the US Securities and Exchange Commission (SEC) last week. It will trade as PROSHARES BITCOIN STRATEGY ETF under the ticker BITO. “We…
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Shiba Inu (SHIB), the new DOGE-inspired meme coin that has gained favor off the back of Elon Musk buying a puppy, has once again exploded in value. The coin is now the 12th largest cryptocurrency by market cap, despite having a per-coin price of only fractions of a cent. Now up by 216% in the past week, the coin climbed…
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Former Facebook executive and billionaire CEO of Social Capital, Chamath Palihapitiya, believes Bitcoin has replaced Gold. Speaking to CNBC’s Scott Wapner at the Delivering Alpha conference yesterday, Palihapitiya made his bullish case for Bitcoin but said it would be hard to give an accurate price prediction. The best he could offer was to say Bitcoin is likely heading for $200,000…
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The cryptocurrency sector continues to struggle this week in face of tightening regulations and knock-on effects from the wider stock market. Following last week’s warning from the US Securities and Exchange Commission (SEC) to major crypto exchange Coinbase, the market suffered a blow that took almost 20 percent off the price of Bitcoin (BTC). The warning, known as a Wells…
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The world of crypto investments just grew bigger with the NFT boom that occurred in 2021. NFTs are selling like hot cakes right now, with the exception that they cost millions. Some of them, like artist Beeple’s collection of 5,000 artworks, sold for nearly $7 million, so it’s safe to say that there’s been a crypto NFT boom. And that’s…
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