Coinbase, the leading US-based cryptocurrency exchange, has experienced a significant increase in its market share recently. This surge can be attributed to the introduction of several spot Bitcoin exchange-traded funds (ETFs) in January. As a result, analysts at Goldman Sachs made a notable change in their rating on Coinbase shares. They upgraded the rating from
Finance
In recent times, Ethereum has been positioned as a leading force in shaping a new financial landscape. Its proponents praise the capabilities of smart contracts and foresee a future where transparency and efficiency reign supreme. The current market data shows Ether trading at $3,780, reflecting a steady increase of 2% daily and 8% weekly. Despite
After a significant drop in Cardano (ADA) value, Dan Gambardello, a well-known crypto analyst, has shared his thoughts on the implications of this setback for the broader cryptocurrency bull market. Gambardello sees this pullback as a positive sign, drawing parallels to historical patterns that could indicate a bullish market for ADA. He highlighted the similarities
Peter Schiff, founder of Euro Pacific Asset Management, is known for his skepticism towards cryptocurrency, specifically Bitcoin. Recently, amidst Bitcoin’s soaring price, Schiff issued a warning, labeling Bitcoin as the “ultimate asset bubble.” This cautionary statement came as Bitcoin breached the $61,500 mark, and continued to climb, exceeding $65,000 just four days later. Schiff’s main
The Wall Street Journal’s investigative article shed light on the questionable financial practices employed by Tether, Bitfinex, and related companies. The majority stake of both Tether and the Bitfinex exchange is owned by iFinex, a corporation established in the Virgin Islands. The article claimed that the group of entities surrounding iFinex attempted to maintain their
Golden Inu (GOLDEN) token has been making waves in the cryptocurrency market recently, attracting a mass migration of Shiba Inu (SHIB) loyalists. The project has promised an array of developments including a play-to-earn game, a crypto ecommerce platform, and its own crypto exchange in the coming years. MexC, a top 10 crypto exchange, recently listed
Hungary is making strides in the world of cryptocurrency by proposing a new legislative framework that would allow banks, investment funds, and asset managers to offer services in Bitcoin and other digital currencies. This initiative, set to come into effect on June 30 if approved, signifies a significant advancement in the country’s financial sector. The
Bitcoin, the pioneering cryptocurrency that laid the foundation for the entire blockchain industry, has long been hailed as a digital gold and a store of value. However, it has faced criticism for its limitations in terms of scalability and functionality compared to other blockchains like Ethereum. With its network capable of processing only seven transactions
Ripple recently announced a partnership with the Axelar Foundation aimed at boosting interoperability within the XRP Ledger (XRPL) blockchain. The focus of this collaboration is to advance the tokenization of real-world assets (RWAs) within the XRPL ecosystem. By integrating the Axelar network with the XRPL, the goal is to strengthen the layer 1’s DeFi ecosystem
Senator Elizabeth Warren recently expressed her willingness to engage with the crypto industry under the condition that players in the sector adhere to regulatory standards similar to those in traditional finance. In a Bloomberg interview on Feb. 27, Warren highlighted the importance of collaboration with the industry. She raised concerns about the industry’s apparent stance