Multinational investment bank Goldman Sachs strongly believes that Ethereum could double its USD value before the year runs out. The Managing Director of the firm Bernhard Rzymelka backed up the forecast, citing the direct proportionality between cryptocurrencies and global inflation rates. The top executive gave a detailed analysis in a
The Chicago Mercantile Exchange (CME) announced on Tuesday that it would be adopting a new Ether-based product in a bid to expand its cryptocurrency derivative offerings. The derivative marketplace is giving a new edge to Ether exposure for institutional and individual traders by launching a micro-Ether futures contract, sized at
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Anyone familiar with NFT and the cryptocurrency industry should be aware of NFT games. The general idea of NFT games is to earn or win a virtual asset in the game and profit out of it since every asset is unique and one of a kind. This means every asset
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The Cannabidiol (CBD)/Tetrahydrocannabinol (THC) market has been growing at an exponential rate, especially with the favorable laws in North America (Mostly United States and Canada). According to Fortune Business Insights, the CBD market is projected to grow to a whopping $55.8 billion by 2028. The United States alone
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The fascination with cryptocurrency has grown exponentially over the past decade or so as investors flock to the innovative projects’ tokens, meme tokens, and NFTs. However, one specific area has only recently captured the investors’ eye despite being one of the most crucial links to the crypto ecosystem - exchanges.
The National Securities Commission of Argentina might soon walk the path of US regulators in approving a futures-tied Bitcoin ETF. According to a Monday Bloomberg report, the biggest futures market in Argentina Matba Rofex is seeking a nod from regulators to launch cash-settled Bitcoin futures. If approved, this will be
BXH transaction protocol is the latest DeFi platform to get hit by hackers in what could go down as the second-largest exploit ever. The Binance Smart Chain-based lending protocol announced on Saturday that it had been attacked. 🚨🚨We are sorry to announce that BXH was attacked on #BinanceChain. Other chains
According to data from Glassnode, the amount of Bitcoin on exchanges has dropped to its lowest in three years, suggesting that investors are actively accumulating the asset. The on-chain data analytic platform revealed that the Bitcoin balance on exchanges as of late October 2021 was 2.46 million BTC, compared
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Houston-based auto dealer Post Oak Motor Cars (POMC) has teamed up with crypto custody firm New York Digital Group (NYDIG) to roll out an option that allows its customers to purchase vehicles with Bitcoin-backed loans. The partnership with the Bitcoin-focused financial services firm will grant clients of POMC access to
A few hours after Binance made an announcement that all withdrawals on its platform had been suspended, the crypto exchange appears to have rectified the issue and restored the functionality. On Monday morning, Binance shared the news via its official Twitter channel that it was halting all withdrawal activity due
SQUID, a new coin inspired by the blockbuster Netflix series, Squid Game, has recorded a 45,000% gain just a few days after its launch earlier this week, but its investors have been unable to sell off their assets. In response to the development, major crypto tracking website CoinMarketCap (CMC)
MicroStrategy released its Q3 report on Oct. 28, and the main highlight of the report is that the business intelligence firm has buffed up its Bitcoin stash by adding a total of 8,957 BTC to its holdings in Q3. This brings the value of its total Bitcoin portfolio to
In a rather interesting development, Facebook’s CEO Mark Zuckerberg revealed on Thursday his social media platform is poised to officially change its corporate name to Meta. This was confirmed by the Facebook boss in a blog post that said that the company will trade under a new stock ticker,
The price of Ethereum has surged to a new all-time high over the past 24 hours, possibly fueled by the Altair upgrade. On Tuesday, the second-largest cryptocurrency by market cap rallied towards $4,300 before dropping to $4,000. However, the network underwent its third upgrade in seven months yesterday,
Following the rapid increase in the adoption of crypto-related technologies across the world, several institutions, including Ivy League colleges have started accepting Bitcoin as a payment option. According to Bloomberg, the Wharton School at the University of Pennsylvania, one of the premier business school’s in the US is planning
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Bitcoin appears to have finally overcome the effects of the mining ban in China, which saw its hash rate plunge by up to 50% earlier this year. According to data from Blockchain.com, the network hash rate has now recovered to its May level, prior to China’s decision to