The Bitcoin price continues to be strongly influenced by macroeconomic conditions in the US. After BTC reached a new 5-month high of $24,241 last Wednesday, the price is on the decline again. Over the weekend, Bitcoin lost another 3% and was at $22,810 as of press time. Initially, the price
Shiba Inu (SHIB) has been among the best-performing cryptocurrencies over the previous 24 hours. The price of the second-largest meme coin has reached $0.000015 after a daily increase of about 30%. Recent price increases for Shiba Inus are primarily attributable to a tremendous increase in burn rate. In the first
The market for artificial intelligence, presently valued at $327.4 billion, continues to expand due to the influx of investments in this sector of the technology industry. This is largely attributable to the rising potential implementation of AI technology, ranging from content production to autonomous vehicles. As artificial intelligence technology advances
The cryptocurrency market is on its way to possibly rocky terrain this “love month,” but January will linger a happy memory for some investors, especially those who made substantial investments in prominent meme coins like Floki, Shiba Inu, and, Baby Doge Coin. Baby Doge Coin? You might ask. Yes. Similar
Bitcoin has experienced a bullish trend in 2022, which is reflected in the number of BTC held in storage. Savings or long-term storage of Bitcoin reached a new record in early February as holders anticipate a return to pre-2022 price levels. 49% Of Bitcoin In Long-Term Holdings According to data
The Bank of England (BoE) and UK Treasury are set to back the development of the British central bank digital currency (CBDC), popularly known as “Britcoin” or “digital pound.” The discourse of a British CBDC began in April 2021, when the UK Treasury, then under the leadership of current UK
Last year, many crypto firms and startups went under due to the turmoil in the space. In addition, the devastating impact of the crypto winter affected many businesses as prices of crypto assets fell below expected levels. As a result, many crypto-related firms have started implementing restructuring strategies right from
Shiba Inu has been making headlines recently as the release of the Shibarium upgrade was teased by Shytoshi Kusama three days ago. However, things might not be going well outside the ecosystem. Recently, Whale Alerts noted several multi-billion SHIB transactions by Binance to an unknown wallet. These recent transactions came
Bitcoin continues to see a bullish uptrend across the board, with the derivatives market volume witnessing an upturn in fortunes. BTC prices in futures contracts have begun to exceed spot market prices indicating that traders are gaining confidence in the derivatives market. Bitcoin Derivatives Volume Shows Steep Decline In 2022
Sberbank, Russia’s biggest banking establishment, is ready to have its decentralized finance (DeFi) platform operational by May. According to a report on February 3 by the Russian news agency Interfax, the Russian majority state-owned bank plans to roll out the project in multiple steps based on statements by the Product
The Indonesia crypto exchange that was to launch by the end of 2022 will now go live in June. Zulkifli Hasan, the Indonesian trade minister, announced it during the opening ceremony for Crypto Literacy Month on February 2 in Jakarta. Hasan noted that the government is reviewing companies to select
Billionaire investor Tim Draper got a more challenging reception than he anticipated when proposing Sri Lanka, a bankrupt nation, to Bitcoin. Draper was in Sri Lanka on Tuesday, talking with local entrepreneurs about cryptocurrency adoption. The entrepreneur met the country’s President Ranil Wickremesinghe on that day regarding the matter. Draper