El Salvador Bitcoin Wallets Double Thanks to Crypto Rally
The powerful rise in the price of Bitcoin in recent days caused a strong increase in the value of El Salvador's portfolios. Thus, the dollar value of the BTC in the Central American nation amounts to about $525 million dollars. This is a confirmation of the successful policy of approaching the largest cryptocurrency.
The small Spanish-speaking country's decision to embrace BTC was widely criticized by the IMF and the World Bank. Although these organizations softened their stance, El Salvador's
Dogecoin Analysis: 263% Monthly Gains as Elon Musk Tops DOGE
At the time of writing, Dogecoin (DOGE) is trading at $0.421, with daily gains of 12.9%, weekly gains of 114.6%, and an impressive monthly gain of 263%.
The memecoin's price has surpassed key levels, its capitalization is now the sixth largest in the crypto market and it has accumulated a fortune of 62 billion dollars .
The reasons behind this huge rally can be found not only in the current momentum that the general market is experiencing after Donald Trump's victory, but also in Elon Musk's i
Bitcoin reached a new ATH this Wednesday at $93,374 dollars
After a pause on Tuesday, Bitcoin reached a new all-time high (ATH) on Wednesday, putting it on the final stretch towards $100,000. According to data from the CoinMarketCap portal , the leading cryptocurrency reached $93,374 per unit at the time of writing this note.
After an intense Monday, some analysts were already talking about a significant correction that would cause a temporary drop in price. However, the coin has once again proven that it remains a rebellious asset against forecasts. Du
NFT performance in 2024 offers profits to only 0.2% of investors
The powerful performance of crypto assets in 2024 is presented as one of the great events of this year 2024. However, there are also exceptions to this rule, such as the negative performance of non-fungible tokens (NFTs). Since the beginning of the year, only 0.2% of investors have positive returns in this market.
This is a desperate situation, especially for those who believed that the market would recover along with Bitcoin and altcoins. However, the reality is that blockchain-based collectib
Binance leads the cryptocurrency market with record inflows and rising confidence
Binance, the leading blockchain and cryptocurrency infrastructure provider, has managed to attract net flows exceeding $1 billion for the second consecutive week, totaling more than $5 billion in net inflows so far in November, according to data from DeFiLlama. This volume, five times that of the second-largest platform, highlights Binance as the platform of choice amid the growing demand for digital assets. On November 6, Binance recorded over 13 million visits to its app, reflecting the surge
Elon Musk takes the reins of the DOGE Department: The new government efficiency revolution in the US
US President-elect Donald Trump has taken a new turn in his administration by appointing Elon Musk as the head of the newly created Department of Government Efficiency (DOGE). This new body, which shares its acronym with the famous cryptocurrency Dogecoin, will focus on reducing bureaucracy, cutting expenses and radically reforming federal agencies.
In partnership with entrepreneur Vivek Ramaswamy, Musk will lead one of the most ambitious transformations of the American public administration.
Growing adoption of cryptocurrencies among underbanked households in the US
A recent report from the Federal Deposit Insurance Corporation (FDIC) reveals that US households that rely on services such as check cashing and payday loans are more likely to use cryptocurrencies than those with full access to traditional banks.
According to the study, these underbanked households, without full access to conventional financial services, represent a significant segment that takes on the risks of cryptocurrencies in the absence of traditional options.
FTX sues Binance and Changpeng Zhao, seeking to recover $1.8 billion
The defunct cryptocurrency exchange FTX is filing a lawsuit against Binance and its former CEO Changpeng Zhao over events in 2021 and 2022. This was a legal matter that was a matter of time before it happened. Now, the board of the bankrupt platform is ready to recover some of its funds.
According to Bloomberg , the company is seeking to recover around $1.8 billion it sent to Binance in July 2021. This transaction followed a stock buyback agreement with Sam Bankman-Fried, FTX’s then-CEO, who i
MicroStrategy expands its Bitcoin reserves and strengthens its financial strategy
MicroStrategy has announced the acquisition of an additional 27,200 bitcoins, valued at approximately $2.03 billion, between October 31 and November 10, 2024. The purchase was made at an average price of $74,463 per BTC, using funds from the issuance of shares through sales agreements with financial agents.
Following this transaction, the company owns 279,420 bitcoins, with an average acquisition cost of $42,692 per Bitcoin.
MicroStrategy has acquired 27,200 BTC for ~$2.03 billion at ~$74,463
Shiba Inu developer proposes SHIBA plan What is it?
With an ambitious plan, Shiba Inu lead developer Shytoshi Kusama aims to make the United States the global epicenter of innovation. Through the Strategic Hub for Innovation in Blockchain (SHIBA), the computer scientist intends to show the way to the development of various technologies within the North American country.
In a recent blog post , the developer divides the plan into several key parts such as infrastructure development, economic incentives, and others. Thus, the plan is made up of 4
$25 million in Ethereum is stuck in a contract due to a copy-paste error
A cryptocurrency user accidentally lost $25 million by sending re-staken Ethereum tokens on the Renzo platform to a secure module instead of his secure wallet.
Renzo is a liquid re-staking platform designed to facilitate the re-staking process on networks like Ethereum and Solana, allowing users to maximize their earnings. However, in this case, an incorrect transaction led to the funds being locked in a contract that the user cannot access without technical intervention.
Over the past year ending on November 10, the market capitalization of the stablecoin USDT has risen by more than 42%. In this way, the token minted by Tether has consolidated itself as the largest of its kind, with a market capitalization reaching $123.28 billion dollars. According to data from the CoinMarketCap portal , the stablecoin had a value of $86.79 billion by this date in 2023. This rapid growth is supported by investor confidence in the token despite the constant FUD promoted by some
Summary: Top 5 Bitcoin Mining News Stories of the Week
A week of important events in the cryptocurrency market is coming to an end. The dynamics in the sector are one of the highest in recent years and everything points to the good times continuing. All this gives way to a more favorable environment for the Bitcoin mining industry. After months of negative performance, this sector is once again moving towards profitability thanks to the consecutive ATHs that Bitcoin has set for several days. This Sunday alone, the largest cryptocurrency marked two h
Bitcoin futures market on the rise: Pro-crypto candidates push to record highs🚀🚀
Bitcoin has hit a new all-time high at $81,360, fueled by a surge in victories by pro-crypto candidates in the recent US presidential election.
This bullish trend in the world's largest cryptocurrency has led to a significant increase in futures and options contracts, reflecting investor optimism about the future of the crypto sector in the current political context.
Rising premiums on Bitcoin futures
Open interest in Bitcoin options contracts, targeting a price above $90,000, surpassed $2.8
Economic calendar: data that could impact the crypto market this week
This week, the economic calendar had exceptional qualities due to the presidential elections in the United States and its impact on the crypto market. Likewise, other important data such as the new Fed rate cut also had their share of impact.
After these events, which left strong turbulence in the sector, investors are awaiting a new week. For this next weekly calendar, there are economic and macroeconomic data of enormous interest that could significantly move equity assets. Thus, cryptocurren
Memecoin market undergoes powerful rally this Sunday
This Sunday, the memecoin market is experiencing a strong bullish trend across the board, with major tokens seeing huge gains. This momentum stems from Bitcoin's new milestone, which set a new all-time high at $80,000 per coin.
The top 10 meme coins, with the exception of Popcat, are all experiencing double-digit 24-hour returns. Meanwhile, the meme market cap sits just below $85 billion at the time of writing. The latter puts them just a step away from 2021 highs, when the sector hit $89 bill
ETH price to hit $10k, BTC to hit $200k by end of rally, Standard Chartered says
According to British bank Standard Chartered, the main cryptocurrencies will experience huge jumps in their prices thanks to the current rally in that digital asset market. Thus, the firm's analysts project that the price of ETH will reach $10,000 dollars. Meanwhile, Bitcoin will reach $200,000 per coin.
In a recent analysis , the strategists of this financial institution highlight the enormous potential of the crypto market, especially for 2025. The economic and political conditions in the Uni
The U.S. Securities and Exchange Commission (SEC) has again postponed its decision on approving spot Ethereum exchange-traded funds (ETFs), calling for further analysis and public comment.
In a recent filing , the SEC said the delay is intended to ensure that any proposed rule changes comply with the requirements of the Securities Exchange Act, particularly with regard to preventing market manipulation, protecting investors, and fair trading.
On August 7, NYSE American LLC, along with Grayscal
Are we entering Altseason? Everything you need to know about the Altcoin Season Index
The ever-changing and opportunity-filled cryptocurrency market is a place where investment cycles are crucial. Among these cycles, one term stands out that sparks interest and excitement among investors: Altseason.
But what exactly is Altseason? Are we in the middle of one? And how does the Altcoin Season Index work?
In this article, we explore each of these aspects and how they can influence your investment decisions.
What is Altseason?
Altseason is a cycle in which altcoins, or alternative
S&P 500 breaks 6,000-point barrier: a boost of confidence and new opportunities on Wall Street
The S&P 500, the main US stock market index, has surpassed the 6,000-point mark, marking a significant record for Wall Street. This achievement not only reflects investor confidence, but also demonstrates the resilience of the US market. With growth driven by key sectors, the index has reached a historic point that strengthens the feeling of optimism in the market.
The S&P 500 reaching 6,012 points is undoubtedly a historic milestone in the US. Below we analyze this progress and its relevance f