Bitcoin could be uniquely positioned to thrive in an environment of rising interest rates, according to Mike McGlone, a senior commodity strategist at Bloomberg Intelligence. In a recent analysis, McGlone stated that Bitcoin’s 24/7 trading ability and its historical performance make it a strong candidate for investment, particularly as the Federal Reserve is signaling tightening […]
Category Archives: Solana (SOL)
Cryptocurrency exchange FTX has been granted permission to liquidate its digital assets, totaling approximately $3.4 billion. The decision by Judge John Dorsey in the U.S. Bankruptcy Court for the District of Delaware comes as part of the bankrupt exchange’s broader strategy to repay creditors. Despite some opposition, the judge ultimately approved the motion, setting the […]
Recent data from crypto analytics firm Santiment reveals intriguing insights into the development activities of top cryptocurrencies. The report highlights the top 10 crypto assets by notable Github commits over the past 30 days. Cardano, Chainlink, and Polkadot are among the front-runners, signaling robust ongoing development in their ecosystems. Top blockchain by development activity According […]
The revelation of alien corpses presented to the Mexican Congress has sent shockwaves across the globe, and even prominent figures like Charles Hoskinson, the founder of Cardano (ADA) and a renowned blockchain entrepreneur, could not resist sharing his thoughts on this extraordinary development. Related Earlier this year, Hoskinson embarked on an otherworldly adventure as he joined an […]
Cryptocurrency analysts are keeping an eye on Ethereum’s chart patterns, notably the appearance of a hammer candle on the weekly chart. According to Jake Wujastyk, this formation comes after Ethereum experienced four consecutive weeks of declining prices, sparking conversations around potential bullish reversals. The significance of the hammer candle A hammer candle is a technical […]
Cardano’s development company, IOHK, has released its latest weekly report, providing insights into important advancements within the ecosystem. One major highlight is the completion of Fund10 voting in Project Catalyst, a process closely watched by ADA enthusiasts around the globe. Related Fund10 represented a pivotal moment for Cardano, with 1,467 projects competing for a share of […]
Now that Bitcoin has reclaimed its support level above $26,000, all eyes are on the potential for a significant breakout. Yann Allemann, co-founder of analytics firm Glassnode, believes the cryptocurrency is positioned to exit a multi-week range and push toward the $30,000 mark. The U.S. Consumer Price Index (CPI) data showed a 0.6% jump, which […]
In a recent X post, Charles Hoskinson, the notable blockchain entrepreneur and creator of Cardano, weighed in on the longstanding debate surrounding Ethereum’s connection to the U.S. Securities and Exchange Commission and their alleged conspiracy against Ripple and XRP. Hoskinson’s comments came as a response to renewed discussions sparked by Steven Nerayoff, an early adviser to […]
XRP, the digital asset associated with Ripple Labs, is edging closer to a key price level known as horizontal support. At a current price of around $0.505, the cryptocurrency is closely approaching its horizontal support level of $0.51. This technical indicator is significant because it is often seen as a potential turning point for asset […]
A prominent analyst and investor is not optimistic about L2s as a way to scale programmable blockchains. That is why he proposes an alternative solution for Cardano (ADA), the second largest proof-of-stake (PoS) platform, to advance its throughput. Cardano (ADA) scaling strategy criticized by top analyst The Cardano (ADA) and Avalanche (AVAX) blockchains should be […]