Michael Novogratz, CEO of Galaxy Digital, has expressed pessimism about the short-term future of Solana, Ethereum, and Bitcoin. While adoption from more conventional investors increases, Novogratz predicted that Bitcoin’s price would stay relatively flat this quarter on a May 14 conference call. Following last week’s corrections that saw Bitcoin’s price
May 15, 2024 2 mins read
Binance has added the FLOKI memecoin to its listing in Thailand. The result is a dramatic increase in the value of the memecoin. FLOKI, which has been steadily growing in popularity in Thailand, went to X to announce the new listing. The FLOKI price surged by over 7% post the
May 14, 2024 2 mins read
The IVS KYOTO Executive Committee is thrilled to announce that in the next weeks, it will host one of Japan’s biggest and most renowned annual crypto conferences. This year’s Japan Blockchain Week Summit will take place at the Kyoto Pulse Plaza with the three-day IVS Crypto 2024 KYOTO event, which runs
May 13, 2024 6 mins read
Due to a precipitous drop in transaction volumes, Bitcoin’s on-chain activity has been approaching record lows throughout the last two months. This slump follows Bitcoin’s all-time high earlier this year and is more a result of market uncertainty and apprehension than a foreshadowing of future price declines. The on-chain transaction
May 12, 2024 1 min read
Bitcoin (BTC) has been yet again endorsed by Rich Dad Poor Dad author Robert Kiyosaki. Despite his penchant for making such predictions, he is of the opinion that the cryptocurrency may mitigate the effects of the US dollar downfall this time. South Africa is one of the original members of
May 12, 2024 2 mins read
The rebound in the cryptocurrency markets in the first quarter of 2024 drove a dramatic increase in revenue for Digital Currency Group (DCG). The crypto behemoth reportedly informed shareholders in a letter that revenue increased 51% year-over-year to $229 million. Despite $17.4 billion flowing out of its Bitcoin fund since
May 10, 2024 1 min read
The $570 billion insurance behemoth MassMutual has taken a daring step into the world of digital assets, mirroring the increasing public acceptance of cryptocurrencies. It has recently come to light that MassMutual’s 13F filings reveal the company’s exposure to Bitcoin ETFs. This strategic decision shows that conventional financial institutions are
May 9, 2024 1 min read
In order to test distributed ledger technology for financial settlements utilizing tokenization, Mastercard has partnered with major US banks including Citigroup, Visa, and JPMorgan. This collaboration between the payment processor and the banking titans is a test run in Regulated Settlement Network (RSN), a distributed ledger technology. Through RSN, it
May 9, 2024 2 mins read
In celebration of its sixth anniversary, Nexo, one of the biggest cryptocurrency ecosystems, has launched a promotional campaign. Both new and current Nexo users may benefit from the token hunt, by delving into the many Nexo ecosystem components. As a whole, the team allocated ten million NEXO tokens—about $12 million—to the event’s
May 8, 2024 2 mins read
Today, Crypto.com revealed that it has crossed the 100 million worldwide user threshold. This is a major achievement for the 2016-founded firm, which leads the sector in security, privacy, and regulatory compliance. This feat came just after the release of Crypto.com’s most recent Fortune Favors the Brave brand video, INEVITABLE, which
May 6, 2024 2 mins read