[ad_1] Ripple Labs has entered into a partnership with the DIFC Innovation Hub, part of the Dubai International Financial Centre, as detailed in an official press release on Wednesday. This collaboration aims to significantly enhance the adoption and development of blockchain technology and digital assets within the UAE and potentially across the Middle East, Africa, and South Asia (MEASA) region. The DIFC Innovation Hub, recognized as the largest innovation ecosystem in the region, is currently home to over 1,000 tech firms in various stages of growth, venture capital entities, and educational institutions. This partnership is positioned to leverage this network…
Author: dfrancis36
[ad_1] Bitcoin price is consolidating near the $57,500 zone. BTC could gain bullish momentum if it clears the $58,000 resistance zone in the near term. Bitcoin started a recovery wave above the $55,500 and $56,500 levels. The price is trading above $57,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $56,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might struggle to clear the $58,250 resistance zone. Bitcoin Price Could Continue Higher Bitcoin price started a recovery wave above the $53,500 resistance…
[ad_1] The low price of Bitcoin when it was launched and how much the digital asset has grown over the years has been a constant source of regret and awe for investors who found out about the cryptocurrency early. Mainly, the potential to turn a small amount into millions is what has drawn countless investors into Bitcoin and to the crypto industry. So, this report takes a look at how much you would’ve made if you spent $100 buying BTC 14 years ago from today. Bitcoin Was Trading At $0.05 14 Years Ago Pete Rizzo, author of the Bitcoin History…
[ad_1] As the rebound in some sectors of the crypto market slows, Polkadot (DOT) has captured some momentum garnering the attention of some investors that grabbed it at a discount. According to CoinGecko, the token is up almost 6% today, with the rebound slowing to a mere 2% increase since yesterday. However, this has not deterred investors from keeping their eyes on DOT as it slowly makes its way upward. Related Reading This is partly due to Polkadot’s continuing on-chain developments that helped ease market anxieties after the broader sell-off that happened this week. We might see more positive movement…
[ad_1] Shiba Inu (SHIB) is at risk of significant selling pressure thanks to the bankrupt crypto firm Genesis Trading. This comes amid a spike in large transactions for the meme coin, which is undoubtedly a bullish development. How Shiba Inu Could Face Significant Selling Pressure Data from the on-chain analytics platform Arkham Intelligence shows that Genesis Trading owns 21.9 billion Shiba Inu tokens. This means the meme coin could face significant selling pressure as the bankrupt crypto firm looks to repay its creditors. Genesis has already finalized its restructuring plan and has begun making repayments. On-chain data shows that Genesis…
[ad_1] In a bold display of faith in the future of the largest cryptocurrency on the market, Bitcoin (BTC), MicroStrategy co-founder and executive chairman Michael Saylor has disclosed that he owns around $1 billion. Saylor’s Bitcoin Vision Unshaken In a recent interview with Bloomberg Television, Saylor disclosed that he has been steadily accumulating Bitcoin over the past several years and has no plans to sell any of his holdings soon. “I continue to acquire more,” Saylor stated. “I think it’s a great capital investment asset for an individual, family, institutional corporation or country. I can’t see a better place to…
[ad_1] Following a dramatic 10% drop in the price of Bitcoin, which momentarily settled below $50,000 before recovering to about $54,000, Bitcoin exchange-traded funds (ETFs) suffered large outflows on Tuesday, totaling almost $168 million. This is the second straight day of significant withdrawals, resulting in $405 million in weekly total outflows. Each losing around $69 million, Grayscale’s Bitcoin Trust (GBTC) and ARK Invest’s ARK Invest drew the most withdrawals. Fidelity’s FBTC followed with $58 million outflows, or six straight days of withdrawals for this fund. By contrast, Ethereum ETFs saw around $49 million in inflows on the same day, suggesting…
[ad_1] CryptoQuant chief executive Ki Young Ju still thinks altcoins could shine despite the difficult macro headwinds. Last week, Young Ju predicted that altseason would begin in late 2024 or early 2025. In the wake of plunging crypto and stock prices over the weekend and on Monday, the analytics firm CEO reiterated this week that his prediction for altcoins wasn’t based on the macro environment. “It’s still uncertain whether Bitcoin is in a long-term bear market. If BTC stays above the $45,000 level, I believe the market could recover at any time. Everyone is aware of the unfavorable macro environment,…
[ad_1] Dogecoin (DOGE) was one of the tokens significantly affected by the recent crypto market crash. With the crypto market recovering, the meme coin is showing signs of life and is looking to reclaim the psychological support level of $0.1, having bounced off key support. Dogecoin Bounces Off Key Support With $0.1 In Sight Crypto analyst World of Charts mentioned in an X (formerly Twitter) post that Dogecoin is bouncing from the key support at $0.09. In line with this, the analyst revealed that he will be adding to his position for the long term as this recent crash can…
[ad_1] Eric Trump, Executive Vice President of the Trump Organization and son of US Presidential candidate Donald Trump, has hinted at an imminent, significant announcement for the crypto sector on Tuesday. In a post on X, Eric Trump expressed a newfound passion for the industry: “I have truly fallen in love with Crypto / DeFi. Stay tuned for a big announcement…@Trump @realDonaldTrump @DonaldJTrumpJr”. This revelation was swiftly echoed by his older brother, Donald Trump Jr., who amplified the excitement with his post: “Big things coming. This is the future!!!” At press time, it was not clear what the announcement could…