Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Both Bitcoin and Ethereum have extended their retracements into the past 24 hours, puncturing price thresholds that many technical analysts had deemed as important support levels. Bitcoin has slipped below $110,000, while Ethereum has also broken beneath the $4,000 price level. The…
At least two high-profile investment companies are reportedly vying to back stablecoin issuer Tether as it looks to sell roughly 3% of its equity — a move that underscores pent-up investor demand for one of the world’s most profitable companies. According to Bloomberg, venture capital giants SoftBank Group and ARK Investment Management are among potential…
Key Takeaways Kraken is reportedly in talks with a strategic investor for a deal valuing the company at $20 billion. This would mark a sizable increase from its last $15 billion valuation after a $500 million funding round. Share this article Kraken, a cryptocurrency exchange preparing for a 2026 IPO, is in talks with a…
SWIFT has reportedly mobilized a consortium including BNY Mellon and BNP Paribas for a pivotal experiment that includes migrating its core messaging system onto ConsenSys’ Ethereum layer-2, Linea. Summary SWIFT and banks including BNY Mellon and BNP Paribas are reportedly testing blockchain messaging on Consensys’ Ethereum layer 2, Linea. The project follows SWIFT’s 2023 tokenization…
A crypto strategist identified what he calls a “historic oversold” signal on Ether’s Relative Strength Index (RSI), which suggests a major bullish rebound may be imminent. However, AvaTrade offers conflicting views and warns that it should be treated as a potential early sign that needs confirmation from broader market momentum. The RSI Signal and Market…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure India has launched a sharp clampdown on online payment scams, ordering tougher checks and new rules that aim to cut the rising tide of fraud. Based on reports, regulators and payment networks moved after authorities recorded big jumps in both the number…
Kraken has reportedly raised $500 million at a $15 billion valuation, strengthening its financial position amid growing speculation that the cryptocurrency exchange is preparing for an initial public offering (IPO). The funding was first reported by Fortune, which cited a source close to the negotiations in a profile on co-CEO Arjun Sethi. The source claimed…
Key Takeaways Nvidia CEO Jensen Huang predicts Elon Musk will achieve 1 gigawatt of AI compute power. xAI’s Colossus II supercomputer will scale to over 500,000 GPUs, a candidate for the first gigawatt-scale AI compute system. Share this article Nvidia CEO Jensen Huang predicted that Elon Musk will reach 1 gigawatt of AI compute power,…
Analysts at Bitfinex warn about a record $18 billion worth of Bitcoin options expiring this week. Summary $18 billion worth of Bitcoin options are expiring this week Market makers will likely react by selling spot BTC, Bitfinex analysts say BTC volatility will likely stay low ahead of the expiry Bitcoin is staring down a record-setting…
TL;DR Despite the plunge, numerous analysts believe XRP has a chance to resurge to $3.20 and even $3.60. However, some warn of risks of a more severe crash, potentially as low as $2.20. ADA has slipped by double digits in the past week, but some of its hard-core fans still think the rise to a…
