Dawn Fitzpatrick – CFO of Soros Fund Management – recently weighed in on what makes cryptocurrency interesting to her. Contrary to comments from months ago, she now said bitcoin is more than an inflation hedge, citing other use cases. Fitzpatrick: What Makes Cryptocurrency Interesting Fitzpatrick aired her thoughts in an interview with Bloomberg this Tuesday....Read More
Shiba Inu continues to be bullish on the market charts. The meme coin is now influencing fellow coins to follow its league. SHIB Price is trading at $0.00002332 with gains of 81.47%. The coin has peaked at its 24-hour high of 0.00002436. The market cap of the coin is now standing over ~$8.9 billion. Similarly, DogeCoin...Read More
The American movie theatre chain – AMC Entertainment Holdings – continued expanding its cryptocurrency endeavors by enabling customers to buy digital gift cards with Dogecoin (DOGE). The service will be available on the company’s website, its mobile app, and in theatres, as people will need a BitPay Wallet to execute the purchase. Dogecoin Enters The...Read More
US Bank – the fifth-largest retail bank in the United States – is launching a crypto custody service available to fund managers as more institutions race to meet clients’ demands for cryptocurrencies. Potential Room For Several of Coins The news, first reported by CNBC, revealed that US Bank partnered with New York Digital Investment Group...Read More
The price of Dogecoin increased when the price of other cryptocurrencies recovered. Bitcoin has broken through $50,000, a significant resistance level. The Dogecoin price stayed stable on Tuesday, as the so-called meme currencies maintained their momentum. DOGE climbed to a new high of $0.2487, the highest since September 17. From its lowest point in September,...Read More
Bitcoin’s price over the past couple of weeks has been on an absolute roller coaster, leaving many to wonder whether we’re still in a bull market, what’s going to happen next, and how to properly position themselves for the last quarter of the year. Amid these turbulent times, we sit down with prominent on-chain analyst...Read More
The broader crypto market is showing strong signs of a bullish trend, and SHIB price is among the leading coins in terms of gains. The last 24-hours Shiba Inu uptrend has enabled the coin to surge more than 70%. Will SHIB Price Kill Another ZERO this Week? At press time SHIB price is trading at...Read More
Popular NFT-based play-to-earn online game, Axie Infinity, will be raising approximately $150 million in a Series B funding round at a nearly $3 billion valuation. Andreessen Horowitz to Invest in Axie Infinity According to a recent report, which cited two unidentified sources “with direct knowledge of the deal,” the funding round will be led by...Read More
According to a new mandatory filing by Circle – the company behind one of the largest stablecoins USDC – the company is under investigation from the United States Securities and Exchange Commission. It appears that the regulatory scrutiny strengthens, and stablecoin issuers are also under the radar of legislators. In a recent filing, Circle, the...Read More
Lord Fusitu – a Tongan barrister, landowner, and MP – is a fervent supporter of making Bitcoin a true currency inside the nation’s borders. He plans on tabling a bill to make Bitcoin legal tender alongside Tonga’s national currency, the pa’anga. Why Make Bitcoin Legal Tender in Tonga? Tonga is a small island nation and...Read More
More than $10.7 billion worth of NFTs were sold between July and September, according to stats from analytics websites. Digital art, memes, gaming items, and collectibles have sold like hotcakes over the past three months, so much so that they’ve even headlined on Reuters. The report, citing figures from DappRadar, stated that the whopping third-quarter...Read More
Bank of America has published its report “Digital Assets Primer: Only the first inning,” led by Alkesh Shah, head of Global Cryptocurrency and Digital Asset Strategy, providing an in-depth analysis of the current state of the blockchain industry from cryptocurrencies to DeFi and NFTs. The report says that the industries of cryptocurrencies and decentralized finance...Read More
As part of its ecosystem expansion, a leading DeFi and CeFi aggregator OpenOcean announced the integration of Fantom, an open-source smart contract platform for decentralized applications (dApps), to offer users better trading opportunities. OpenOcean Integrates Fantom Per the announcement, the initiative will also see OpenOcean connect with other Fantom-based decentralized exchanges, including SushiSwap, SpiritSwap, SpookySwap,...Read More
BENQI, an algorithmic liquidity market protocol on the Avalanche blockchain network, has announced Monday the launch of a $4 million second phase of its ongoing Avalanche Rush incentive program. According to a press release shared with CryptoPotato, the second phase of the initiative will last for 45 days. $180M Incentive Program on Avalanche The Avalanche...Read More
The popular whistleblower Edward Snowden has joined the list of people believing that the Chinese ban on Bitcoin will actually benefit the cryptocurrency. He also recently wrote about BTC’s price, which is roughly 10x higher than the last time he did. The Chinese Ban is Good for Bitcoin Although the world’s most populated nation has...Read More
The interactive game Axie Infinity has attracted nearly $2 billion worth of the native token locked on its platform, which is a new record. At the same time, the price of AXS has surged to an ATH on its own following a triple-digit weekly increase. Launched less than a year ago, Axie Infinity is an...Read More
According to a recent poll, most cryptocurrency investors from Kenya, Nigeria, and South Africa have entered the digital asset market with long-term goals such as securing their families’ wellbeing. Crypto to Fund Children’s Education The London-based company – Luno – conducted a survey with nearly 7,000 participants from Nigeria, Kenya, South Africa, the UK, Australia,...Read More
Mainland Chinese users of KuCoin will have to withdraw all their funds and close their accounts by the end of the year, said the exchange earlier today. This is a direct consequence of the latest crackdown from the People’s Bank of China. Citing the regulatory pressure from the Chinese authorities, KuCoin announced earlier on October...Read More
Solana bulls aiming for a massive rally! As prices for Cardano’s ada, solana, and other altcoins have soared, the global cryptocurrency market is once again approaching $2 trillion, with Cardano’s ada currently the third most-traded cryptocurrency. Solana (SOL) is storming ahead during early trading on Friday after achieving a fantastic performance throughout September. On a...Read More
Dogecoin price action On Friday, Dogecoin woke up and broke out of a descending triangle bullishly. The cryptocurrency had been struggling to make a move, but technical traders may have predicted it when Dogecoin failed to break through the important support level of $0.196. Dogecoin was able to break over resistance at the eight-day exponential...Read More
According to a recent research, 38% of Spaniards between 25 and 40 years old plan to enter the cryptocurrency market in the coming months. Moreover, 21% of the participants have already invested in bitcoin or some altcoins. Are Spaniards Flocking into Crypto? The Spanish neobank Rebellion conducted a survey to determine whether young Spaniards were...Read More
Bitcoin’s price closed in September at a lower level than it did in August. While that may sound like a negative occurrence for BTC bulls, the popular cryptocurrency analyst PlanB actually saw this happening months ago and predicted the exact closing price. Furthermore, he provided even more favorable prices for the end of October, November,...Read More
Nayib Bukele – president of El Salvador – recently took to Twitter with some mining numbers. It appears that the country’s developing volcanic mining facility has produced its first Bitcoin. Volcanic Bitcoin As revealed by Bukele earlier today, the gains produced by the volcano are still small. However, the president still seemed quite enthusiastic to...Read More
Bitcoin reached its highest level since mid-September on Friday. It has made a strong comeback and is closing in on the crucial $50,000 level. One reason for bitcoin’s uptick in price is Powell’s remarks on Thursday. The most valuable cryptocurrency was up over 6.45% to $47,671, with a high of just under $48,000. Bitcoin is...Read More
Roughly a month after getting exploited for the second time this year, Cream Finance has reported that it has recovered more than $16 million of the funds. CryptoPotato reported on August 31st this year when the decentralized finance protocol Cream Finance suffered another security breach – this time, roughly $25 million in ETH and AMP...Read More
The cryptocurrency market is off to a fantastic start in the new month. After the values of Bitcoin and a slew of other altcoins climbed during the last few hours, the overall cryptocurrency market cap has reclaimed the $2 trillion threshold. Bitcoin’s price has risen by more than 10% in the last 24 hours. As...Read More
Popular social media giant TikTok has announced that it will be venturing into the non-fungible token (NFT) space by leveraging content from some of its top creators. The short video-sharing platform, which recently crossed 1 billion global users, said its NFT collection, dubbed TikTop Top Moments, will feature content from six “culturally” important videos from...Read More
The largest US-based cryptocurrency exchange has admitted to being exploited earlier this year when hackers stole assets from approximately 6,000 users. The company vowed to reimburse all affected users. According to a copy of the letter sent to the affected customers, which was available on the website of California’s Attorney General, the exploits took place...Read More
Accesswire published a press release today claiming that Ripple had finished its battle with the SEC. Stuart Alderoty– General Counsel for Ripple– promptly responded by calling the story false. Accesswire has since removed the story from their site. What Did The Press Release Say? Though the original link has been taken down, Accesswire’s article was...Read More
It’s been a very productive week in the cryptocurrency market, but it’s safe to say that most of it was due to the volatile price action during just one of the days – Friday, October 1st. Going back, last Friday, the BTC price was hovering around $43,500, and, in fact, it stayed there for quite...Read More
