Bitcoin dominance sets the pace, but altcoins are primed for greater percentage gains in the crypto market cycle.Altcoin performance historically follows Bitcoin’s rise, offering exponential growth opportunities for diversified portfolios. The concept of a “Bitcoin-only cycle” has recently gained traction, aided by bullish triggers surrounding Bitcoin. But upon closer inspection, this assertion falls short, as...
Shiba Inu has partnered with Chainlink to integrate the Cross-Chain Interoperability Protocol into its layer 2 network, Shibarium, enhancing its capabilities.Powered by Chainlink’s oracle networks, the CCIP standard allows Shibarium developers to create feature-packed cross-chain applications that contribute to the expansion of the Shibarium network. Chainlink, a decentralized blockchain oracle network, has integrated with Shibarium,...
Ripple and its partners Archax and abrdn launched the first tokenized money market fund on the XRP Ledger.Ripple has invested $5 million into the fund, showcasing confidence in XRPL’s ability to handle real-world asset tokenization. The XRP Ledger (XRPL) is cementing its place as one of the leading institutional DeFi platforms with the tokenized money...
Ohio proposed a state-managed Bitcoin fund to diversify and protect public funds from inflation.Texas and Pennsylvania are also pursuing Bitcoin reserves for financial stability and strategic investments. Ohio has taken a major move toward incorporating Bitcoin into its banking system, with Representative Derek Merrin recently drafting House Bill 703. Designed to create a state-managed Bitcoin...
El Salvador will make Bitcoin acceptance by merchants voluntary and limit public sector involvement in Bitcoin activities as part of a $1.4 billion loan agreement with the IMF.El Salvador’s rapport with the IMF soured following President Bukele’s decision to make Bitcoin a legal tender in September 2021 and later unveiling initiatives for the government to...
Hut 8 acquired 990 BTC, bringing its reserves to 10,096 BTC and cementing its position as a leading Bitcoin holder.The company actively diversifies its operations, expanding into AI and cloud computing through GPU-as-a-Service offerings. Hut 8, a top Bitcoin mining company, has made a large investment by purchasing 990 BTC at an average price of...
A recent video by BlackRock, the world’s largest asset management firm, has sparked renewed discussions about Bitcoin’s fixed supply and its implications for the market. Traditionally, Bitcoin’s fixed supply has been heralded by investors as a crucial feature that distinguishes it from fiat currencies, which can be printed at will by central banks. The discourse...
Bitcoin’s surge past $100,000 has created over 14,000 millionaires and 4 billionaires.A decade-long investment in Bitcoin vastly outperformed major stocks like Apple and Nvidia. A new study based on data analyzed by NFT Evening shows that Bitcoin has been outstanding in terms of creating wealth. As the cryptocurrency surged past $100,000 for a token, it...
Michael Saylor has confirmed MicroStrategy needs more leverage to boost its Bitcoin strategy.MicroStrategy shares have benefitted immensely over the year, earning inclusion in the Nasdaq 100 index. Michael Saylor, a co-founder and Chairman of MicroStrategy, recently disclosed a new fundraising strategy for the software development firm. With MicroStrategy already focused on Bitcoin (BTC) acquisition, many...
XRP gains traction through whale support, outperforming BTC and ETH with resilience amid market turbulence.Ethereum’s strategic whale trading aids recovery, but XRP’s fundamentals and unique initiatives give it a competitive edge. The cryptocurrency market faced turbulence as the Federal Reserve implemented its third interest rate cut of 2024, fueling a sell-off that dragged Bitcoin below...