Award-winning musician Akon recently pleaded with his fans on a video-sharing website not to request him to record crypto-related messages. However, in a post on the website, the music producer did not share reasons for his newfound disinterest in cryptocurrencies. Singer Unwilling to Endorse Crypto A few years after promoting the futuristic, Wakanda-style city in …
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Crypto analyst Jamie Coutts says that gold will vastly underperform digital assets in the current market cycle. Coutts says on the social media platform X that while he’s bullish on gold, he expects crypto to dramatically outshine the precious metal as markets make way for a “birth of the new asset class.” “AUM (assets under …
Veteran investor Luke Gromen says he sees Bitcoin (BTC) rising over the coming months on the back of a favorable macroeconomic backdrop. In a new interview with crypto journalist Natalie Brunell, Gromen highlights the US government’s nearly $35 trillion debt. With the national debt sitting at record-high levels, the macro expert says there’s nothing the …
According to Mai Fujimoto, a Japanese crypto influencer and co-founder of Intmax, the Ethereum Improvement Proposal (EIP) 4844 – also known as proto-danksharding – have emerged as a solid solution for addressing the Ethereum network’s scalability challenges. The EIP 4844 is also significant for scaling solutions such as zero-knowledge rollups (zkrollups) and Layer 2 chains …
Blackrock’s head of digital assets has revealed that bitcoin is the overwhelming favorite cryptocurrency for the asset management firm’s clients. “And then a little bit Ethereum, and very little everything else,” he added. Blackrock’s spot bitcoin exchange-traded funds (ETF), the Ishares Bitcoin Trust (IBIT), has amassed approximately 243K bitcoins since its launch. Blackrock’s Head of …
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, expects all cryptocurrencies, including bitcoin, to disappear someday. Anticipating bitcoin going to “zero,” he stressed: “I’m very skeptical of crypto. I don’t expect it to last … I do not see any long-term value in cryptocurrency.” Jim Rogers Remains Skeptical of …
Ethereum’s network has seen notable growth recently in both daily active users and daily transaction volume, yet the price of ETH, Ethereum’s native cryptocurrency, has undergone corrections in the past few days. Notably, Ethereum is down by over 10% in the past seven days, underperforming Bitcoin and the S&P 500. While this decline can be …
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The price of Ethereum has not exactly lived up to its promise as the month has gone on, despite a stellar start to the month. While this bearish pressure has been widespread in the general cryptocurrency market, regulation uncertainty has been an additional concern for ETH, igniting a negative sentiment around the “king of altcoins.” …
The crypto market is experiencing a pullback after Bitcoin, the leading cryptocurrency, reached a new all-time high. However, Ethereum (ETH) is not left out in this downward move. After setting a new yearly high of $4,094, the price of Ethereum has been moving downward and this has led to the price trading below the 100-day …
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In line with the decline in Bitcoin’s price, the spot Bitcoin ETF market has appeared rather gloomy in recent days. According to data from analytics firm BitMEX Research, these BTC ETFs have recorded a negative netflow for the last four trading sessions. This situation has been marked by large levels of Grayscale’s GBTC outflows and …
The decentralized oracle network Chainlink (LINK) is ahead of all other crypto projects in terms of recent development activity, according to the analytics firm Santiment. Santiment notes that Chainlink is at the top of the list with an average of 451.23 notable GitHub events over the past 30 days. The smart contract platform Cardano (ADA) …
U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) says cryptocurrency is the “best hedge against inflation.” He stressed that crypto “takes control away from the government and from the monopolistic banking system which uses money printing to shift wealth upward to the oligarchy of billionaires while impoverishing regular Americans.” RFK Jr. Says ‘Crypto Equals …
The U.S. government has attempted to persuade Kenyan officials to lift the suspension of Worldcoin’s operations in the country, but these overtures have been rejected, the Kenyan Interior cabinet secretary has said. The Kenyan government is also considering restricting officials’ use of the social media platform Tiktok. No Review of the Suspension Decision The Kenyan …
John J. Ray III, the chief executive officer of FTX Trading Ltd., has issued a strong rebuttal against former CEO Sam Bankman-Fried’s assertions regarding the company’s financial state and the impact on its creditors. FTX Chief Restructuring Officer and CEO Debunks Bankman-Fried’s FTX Solvency Claims John J. Ray III outlined the extensive efforts made to …
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Based on a recent analysis, numerous outdated bitcoin mining devices likely powered up in response to the latest uptick in bitcoin’s value. However, with the anticipated block reward halving, it’s projected that around 100 exahash per second (EH/s) of computing power might be disconnected after the event. Bitcoin Miners Enjoy Revenue Boost, Yet Face Potential …
