Bitcoin Was a Winner During the U.S. Banking Crisis, but Illiquidity Prevents It From Being a USD Hedge
Bitcoin has been receiving a huge amount of attention recently due to the ongoing banking crisis in the United States, caused by the COVID-19 pandemic. People are looking for alternatives to the traditional banking system, and Bitcoin appears to be an attractive alternative. However, despite the bull run that Bitcoin has enjoyed recently, there are […]
Billionaire ‘Bond King’ Jeffrey Gundlach Predicts the Fed Will Cut Rates Substantially Soon
Billionaire Jeffrey Gundlach, known as the “Bond King,” has become the latest financial pundit to predict that the Federal Reserve will cut interest rates soon. Gundlach, who founded DoubleLine Capital, tweeted his prediction on May 3, 2019. He said that the Fed would be “cutting rates substantially soon,” and issued a “red alert” on recession […]
80 Crypto Firms Interested in Establishing Presence in Hong Kong, Official Says
Hong Kong has become an increasingly popular destination for cryptocurrency firms looking to establish a presence in Asia. This was confirmed by Hong Kong’s Secretary for Financial Services and Treasury, Christopher Hui, who revealed in a speech at the Aspen Digital Web 3 Investment Summit that more than 80 crypto firms from around the world […]
How Crypto Has Stayed in the Green During Banking Crisis
The banking crisis has taken its toll on many financial markets around the world, but surprisingly, the crypto market has remained relatively stable during this period. Despite regulatory pressures, bitcoin and ether have managed to stay in the green, with bitcoin alone up more than 20% in the past month. While it’s difficult to determine […]
8 out of 10 investors store crypto on hot wallets: CoinGecko survey
A recent survey conducted by CoinGecko examining cryptocurrency storage behavior has found that eight out of ten investors prefer hot wallets to store their digital assets. The survey was conducted between December 2021 and January 2022 and received responses from 421 individual investors. The results also showed that seven out of ten participants held their […]
Trading for Polygon (MATIC) Rival Arbitrum (ARB) Goes Live on Top US Exchange Coinbase
Coinbase, one of the top United States-based crypto exchange platforms, has added trading support for the Ethereum (ETH) layer-2 scaling solution Arbitrum (ARB), which is a chief competitor to Polygon (MATIC). The leading crypto exchange platform revealed in a new announcement that trading for Arbitrum is now available across both iOS and Android devices. However, […]
ETH Facing Huge Resistance, Is $1600 or $2000 Next? (Ethereum Price Analysis)
Ethereum, one of the leading cryptocurrencies in the market, has been experiencing a period of consolidation in the past week. As the price struggles to break above a key resistance area, many speculate if ETH has marked a local top. In this article, we will dive into technical and on-chain analysis of Ethereum to understand […]
US Fed Prints $400 Billion, Bitcoin Price and Ethereum Sets To Rally
The U.S. Federal Reserve has increased its balance sheet by almost $100 billion this week, reaching a total of $400 billion. The central bank continues to print more money in order to rescue cash-strapped banks that have suffered since the collapse of Silvergate, Silicon Valley Bank, and Signature Bank. As a result of this development, […]
MASK up by more than 18% as ARB drops by nearly 90%
MASK Network’s MASK token has experienced a significant increase in value in the last 24 hours, surging by over 18%, while ARB has dropped by nearly 90% following Arbitrum’s ARB token airdrop. The MASK Network is a dedicated project aimed at bridging the gap between web2 and web3, allowing social media users to interact with […]
Binance Adds ARB/TUSD, ARB/EUR, ARB/TRY, ID/TUSD, ID/EUR & ID/TRY Trading Pairs
Binance Adds Six New Trading Pairs In recent news, Binance, one of the most popular cryptocurrency exchanges in the world, has announced the addition of six new trading pairs to their platform. These new pairs include ARB/TUSD, ARB/EUR, ARB/TRY, ID/TUSD, ID/EUR, and ID/TRY, and they will be available for users to begin trading on March […]