Dogecoin has garnered significant attention and credibility due to Elon Musk’s public endorsement and support. The Tesla and SpaceX leader’s tweets and actions have had a positive impact on Dogecoin’s value and popularity, leading to substantial gains for investors. In contrast, Ripple lacks a similar influential figure to champion its cause, which could hinder its
Crypto
Artificial intelligence (AI) has been making significant strides in recent months, with the introduction of the ChatGPT model by OpenAI. This new model not only serves as an improved voice assistant but also has the ability to interpret body motion cues, such as the intensity of a user’s breathing. As a result of these advancements,
Recently, the Donald Trump-themed meme coin Doland Tremp (TREMP) made headlines as it reached a new all-time high after positive news about the billionaire’s presidential campaign. The former political leader’s softened stance on digital assets has garnered attention, with him now describing himself as the candidate of the pro-crypto voters. The cryptocurrency market as a
More than 19 months after Ethereum’s historic Merge upgrade, the data is clear: the network’s native asset, Ether (ETH), is not keeping up with Bitcoin (BTC). The ETH/BTC price ratio tapped another three-year low on Thursday at 0.044, with Ether last experiencing less market dominance against Bitcoin in May of 2021. The trend has been
Bitcoin has been experiencing a period of stagnation in recent months, with minimal movement in either direction. In previous cycles, significant growth in the value of Bitcoin was often associated with an increase in the global money supply, signaling times of high liquidity and investor risk appetite. However, the current cycle has not followed this
In a recent report by Farside Investors, it was highlighted that on Monday, May 13, Hong Kong’s spot Bitcoin and Ethereum ETFs experienced a significant outflow of $39.3 million. This outflow marks the highest amount since the products were first introduced on the Hong Kong Stock Exchange on May 2. The outflow was mainly from
Shiba Inu, the popular meme coin, has been making headlines recently with its increasing adoption as a payment method. CoinGate, a blockchain payment processor based in Lithuania, has joined the trend by integrating Shiba Inu with Polygon and Binance Smart Chain. This move opens up new opportunities for businesses to accept and manage cryptocurrencies, bridging
Bitcoin’s price has been experiencing a period of stagnation after dropping from the $75K level. Many view this as a bearish reversal, but upon closer inspection, the momentum appears to be shifting. The BTC price has been moving within a descending channel pattern, forming lower highs and lows. However, the $60K support zone has managed
Robinhood, the popular millennial trading platform, released its earnings report on May 8 and managed to surpass analyst estimates. The first-quarter results showcased record revenues of $618 million, marking a significant 40% increase year-over-year. Notably, revenue from cryptocurrencies saw an impressive surge of 232% to $126 million. This surge was largely driven by transaction-based revenues
Polkadot has recently made significant improvements to its network performance, enhancing both the speed and capacity for processing transactions. One of the key advancements that have been recently implemented is the Asynchronous Backing mechanism on the network. This optimized approach for validating parachain blocks by the Relay Chain has resulted in blocks being produced twice