[ad_1] Join Our Telegram channel to stay up to date on breaking news coverage A new class of meme coins centered around cultural values such as politics, lifestyle and religion could achieve greater growth this cycle than meme coins such as Dogecoin and Shiba Inu. That’s according to venture capitalist Andrew Kang, co-founder of Mechanism Capital, who says these new types of cryptocurrencies “are inherently viral.” “Given that the strength of memecoins are directly correlated to the strength of their communities, culture coins have a specific advantage in that communities are much stronger when their constituents can rally over shared…
Author: Steven Walgenbach
[ad_1] Join Our Telegram channel to stay up to date on breaking news coverage Goldman Sachs said Bitcoin and other digital assets are not an investment asset class, and that its clients aren’t interested in cryptocurrencies. “We do not think it is an investment asset class,“ Sharmin Mossavar-Rahmani, CIO of the bank’s wealth management unit, said in an interview with the Wall Street Journal (WSJ). “We’re not believers in crypto.” Her comments come even as investors pile into spot Bitcoin ETFs (exchange-traded funds) that were launched by Wall Street titans including BlackRock and Fidelity in January. Bitcoin ETFs traded about…
[ad_1] Join Our Telegram channel to stay up to date on breaking news coverage The crypto market cap plummeted over 4% in the past 24 hours in a flash crash that saw Bitcoin (BTC) plunge below $67K and the top 10 cryptos all suffer substantial losses. BTC saw its price fall more than 4%, while altcoin leader Ethereum (ETH) shed more than 5% of its value over the past day of trading. Dogecoin (DOGE) was the biggest loser among top cryptos by market capitalization with a 9% plunge, trailed closely by Avalanche (AVAX) with more than 8%. Crypto Flash Crash…
[ad_1] Join Our Telegram channel to stay up to date on breaking news coverage FTX founder Sam Bankman-Fried has expressed remorse for his actions after he was sentenced to 25 years in prison on fraud-related charges last week. “It’s most of what I think about each day,” he said in an email interview with ABC News. “I never thought that what I was doing was illegal.” Sam Bankman-Fried Responds To Allegation He Showed No Remorse During his sentencing on Mar. 28, U.S. District Judge Lewis Kaplan said the FTX founder was “often evasive” and committed perjury in his testimony. He…
[ad_1] Join Our Telegram channel to stay up to date on breaking news coverage MicroStrategy’s share price, which is mainly driven by its Bitcoin (BTC) holdings, is “exceptionally high“ and “unjustifiable,” argues investment firm Kerrisdale Capital. Investors have inflated MicroStrategy’s premium as a result of the company’s BTC holdings. The majority of this BTC was bought through debt financings, equity linked convertible notes and ATM equity offerings, said the firm in a Mar. 28 analyst note. Calling the company’s use of leverage to purchase more BTC “intelligent” is flawed logic, it added. Bitcoin ETFs Could Make MicroStrategy Redundant The launch…
[ad_1] Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price pumped over 4% in the last 24 hours to trade at $70,350.63 as of 2:25 a.m. EST as investors rush to scoop up BTC before the Bitcoin halving. The Bitcoin Price Managed To Flip A Key Resistance 4-hour chart for BTC/USDT (Source: TradingView) The Bitcoin price managed to break above the $68,863.99 resistance level in the past 24 hours after it printed a series of higher highs and higher lows on its 4-hour chart. If buyers continue to push the leading crypto’s price…
[ad_1] Join Our Telegram channel to stay up to date on breaking news coverage Leading US crypto exchange Coinbase plans to launch futures trading products for Dogecoin (DOGE) next month, and says it has transcended its origins as a meme coin. “Dogecoin’s enduring popularity and the active community support suggest that it has transcended its origins as a meme to become a staple of the cryptocurrency world,” Coinbase said in a Mar. 7 letter to the US Commodity Futures Trading Commission (CFTC). Coinbase Derivatives LLC quietly filed certifications with CFTC to list US regulated futures for Dogecoin, Litecoin and Bitcoin…
[ad_1] Join Our Telegram channel to stay up to date on breaking news coverage Binance denied any involvement in a large pre-listing transaction for Book of Meme (BOME) amid insider trading allegations on social media. The world’s largest crypto exchange said that it “immediately” initiated an internal investigation after it received information about the transaction. “The results showed that the user is not a member of Binance staff,” it said in a Mar. 18 post on X. ”We’re currently offering a reward of 100,000 USD ~ 5 million USD to any users that report fact-listing-related or other fraudulent behaviour.” Large…
[ad_1] Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price climbed 1% over the last 24 hours to trade at $67,928 as of 8:50 a.m. EST as the king of cryptos continues to ride a wave of Bitcoin ETF (exchange-traded fund) liquidity. This comes as the chief executive of CryptoQuant, Ki Young Ju, tells his 335,600 followers on X that traditional finance investors are accumulating around 6,896 BTC per day. ”They accumulated 103,726 BTC over the past 7 days,” Ki said. “It’s an unprecedented level of accumulation.” Should investors continue to scoop up…
[ad_1] Join Our Telegram channel to stay up to date on breaking news coverage The Ethereum price surged over 14% in the past week to trade at $3,376.06 as of 2:35 a.m. EST as investors scoop up the leading altcoin. Ethereum (ETH) is the largest altcoin in terms of market cap, and is the first blockchain project to allow developers to deploy decentralized applications on a blockchain. Investors are currently bullish on the crypto amid hopes that an ETH ETF (exchange-traded fund) will gain regulatory approval in the US, and as its Dencun upgrade nears. The Ethereum Price Attempts To…