Previously it was reported that the electric car manufacturing company, Tesla (TSLA), was known to have not carried out Bitcoin transactions for two consecutive quarters. Based on the company’s latest financial report, it shows that Tesla had digital assets worth USD 184 million as of June 30, the same amount as at the end of […]
Shiba Inu, a popular meme coin, might be on the brink of a significant price increase, as suggested by a recent analysis. The TD Sequential indicator, a key technical tool used to predict price trends, has signaled a potential bullish upswing for SHIB. This positive outlook aligns with the recent 19% surge in SHIB’s value […]
Bitcoin has reached a 17-month high, marking levels not seen since May 2022. The surge has taken many by surprise, and it’s attributed to two key factors: the upcoming Bitcoin halving and the anticipation of a Bitcoin exchange-traded fund (ETF) hitting the market. Bitcoin halving is on the horizon, just six months away. The crypto […]
Over $280 billion has been erased from the market value of the “magnificent seven” tech giants due to recent earnings reports released on October 25. This has sparked concerns about a possible downturn in the technology sector. The “magnificent seven” includes Apple, Microsoft, Meta, Amazon, Alphabet, Nvidia, and Tesla, collectively constituting a significant portion of […]
In a significant development for the Polygon network, the much-anticipated POL upgrade has finally gone live on the Ethereum mainnet. Polygon Labs, the driving force behind the Ethereum sidechain, expressed their excitement, hailing this milestone as a crucial step in realizing the Polygon 2.0 roadmap. The team has been actively working on enhancing the platform, […]
BlackRock, a massive global financial giant with $9.4 trillion in assets, has recently shown a growing interest in the world of cryptocurrencies. They’ve taken a significant step by applying for permission to launch an iShares Bitcoin exchange-traded fund (ETF). This move has sparked considerable excitement within the investment community and represents a notable return for […]
The crypto community eagerly awaits the approval of a US spot Bitcoin exchange-traded fund (ETF) as a potential turning point for the industry. A recent decision from the US Securities and Exchange Commission (SEC) has hinted at a positive step in this direction. The SEC confirmed that it won’t contest a court decision supporting Grayscale’s […]
NFTs making a comeback during Bitcoin’s strong ‘Uptober’ rally and concerns about Friend.tech’s security issues have led traders to shift their focus back to NFTs. It seems like the NFT market is not just putting on a Halloween bull costume but genuinely gaining momentum. The recent surge in NFT interest can be attributed to several […]
In a recent development, Coinbase, a prominent cryptocurrency exchange, has strongly contested the United States Securities and Exchange Commission’s (SEC) classification of cryptocurrencies listed on its platform as securities. In a filing presented to a New York District Court on October 24, Coinbase criticized the SEC’s definition of securities, asserting that it exceeds the boundaries […]
Bank of China Hong Kong (BOCHK) has initiated a pilot project to explore the use of smart contracts in the proposed Hong Kong central bank digital currency (CBDC). The bank will examine how smart contracts can be employed in prepaid service contracts via its mobile app, BOC Pay. Initially, the pilot will involve BOCHK employees […]