TL;DR The cryptocurrency space is full of bullish and sometimes relatively ridiculous price predictions for members’ favorite assets, so we decided to ask ChatGPT for its opinion on whether XRP has the legs to make a mind-blowing surge to double-digit territory. It believes such a whopping 320% pump from current levels will require some “substantial…
Stablecoins, like Tether USD Coin, continued their strong growth this week, with their market capitalization hitting a record of $243.8 billion. These coins have added over $38 billion in assets since they started the year with $240 billion. Tether (USDT) boasts a market cap jumping to over $151 billion, giving it a dominance of 62%….
The Japanese hospitality firm Metaplanet has disclosed record-breaking earnings for the first quarter of the year, primarily attributing the success to its Bitcoin treasury strategy. According to the firm’s Q1 Earnings Report, its Bitcoin strategy contributed 88% to its revenue of 877 million Japanese yen ($6 million). Metaplanet’s consistent BTC accumulation has also earned it…
Despite the slight pullback in the crypto market, the NFT sector continues to pump, with sales volume jumping by 17.16% to $130.7 million. According to data from CryptoSlam, market participation has rebounded strongly, with NFT buyers increasing by 138.96% to 259,264. Also, NFT sellers grew by 98.69% to 137,347. NFT transactions have slightly decreased by…
Key Takeaways CME Group will offer XRP futures starting May 19, pending regulatory review. SEC and Ripple’s settlement request was denied, maintaining the $125 million penalty. Share this article The Chicago Mercantile Exchange (CME) Group, the world’s leading derivatives marketplace, is expected to launch XRP futures and Micro XRP futures contracts on Monday, May 19,…
Ethereum just made a bold move that shows it’s thinking way, way ahead. The Ethereum Foundation has announced its “Trillion Dollar Security” initiative, or 1TS for short, and the name pretty much says it all. The goal? Make sure Ethereum is secure enough to handle the kind of money and user volume that traditional financial…
The on-chain intelligence platform CryptoQuant has unveiled a framework for monitoring the revenues of leading public Bitcoin mining companies. This methodology tells whether the companies are undervalued or overvalued in real time. CryptoQuant revealed in its latest weekly report that the framework tracks miners’ addresses on the Bitcoin blockchain and their BTC production. This enables…
Sequoia Capital Managing Partner Roelof Botha was among the high-profile victims whose personal information was compromised in the recent Coinbase hack. According to a person familiar with the matter, the incident reveals that prominent executives were targeted in the hack against the largest U.S. cryptocurrency exchange. As per Bloomberg report, the stolen data reportedly included…
Key Takeaways Texas lawmakers are reviewing Senate Bill 21 to establish a state-managed Bitcoin reserve. The bill is part of Texas’ broader crypto-friendly policies, potentially making it the third US state to establish a Bitcoin reserve. Share this article The Texas House of Representatives will hold a key reading of Senate Bill 21 (SB 21),…
It’s not just retail that is piling into the Bitcoin price as we’re now seeing governments begin to circle the wagons like a Clint Eastwood movie. My personal favorite is The Good, The Bad, and The Ugly, and all other answers are wrong! Moreover, now both the U.S. and Ukraine are exploring national Bitcoin reserves, signaling a shift…
