Search Results for: cryptocurrency

Posted on

Melania and Donald Trump launch their own cryptocurrency meme coins

Melania Trump has launched a meme coin called ‘Melania’ The meme coin was announced on the eve of Donald Trump’s inauguration as president of the United States. It comes days after President-elect Donald Trump launched his own meme coin, ‘Official Trump.’ In a disclaimer on the meme coin’s official website, potential buyers are told that Melania …

Continue reading “Melania and Donald Trump launch their own cryptocurrency meme coins”

Posted on

European banks in discussion with cryptocurrency companies

Bitstamp Bitstamp has reportedly disclosed its ongoing discussions with a number of European banks about assisting them in launching cryptocurrency services. These discussions are expected to come to fruition in early 2024. Bitstamp’s Negotiations with Top European Banks Bitstamp’s negotiations underscore the growing acceptance of digital assets within the European financial sector. This news comes …

Continue reading “European banks in discussion with cryptocurrency companies”

Posted on

Ripple suggests U.S. banks will want to use XRP cryptocurrency for fast international money transfers, after July 2023 ruling

Banks may use XRP Ripple as a payment system to replace SWIFT XRP Ripple is a payment settlement system and currency exchange network that can process transactions globally. It is designed to facilitate cross-border payments by using XRP, a cryptocurrency, as a bridge currency between different fiat currencies. XRP advantage is cost and speed XRP Ripple …

Continue reading “Ripple suggests U.S. banks will want to use XRP cryptocurrency for fast international money transfers, after July 2023 ruling”

Posted on

Bitcoin’s Bear Market and Its Impact on Crypto in General

Bitcoin has officially entered a bear market, having fallen more than 25% from its October peak of $126,000. This downturn is rippling across the wider crypto sector, dragging Ethereum, Solana, and other altcoins into steep declines as investor sentiment turns risk-off. Bitcoin’s recent plunge below $95,000 marks a decisive shift into bear market territory. After …

Continue reading “Bitcoin’s Bear Market and Its Impact on Crypto in General”

Posted on

Changpeng Zhao Walks Free: Crypto’s Controversial King Returns

Changpeng Zhao, better known as CZ, has been released from prison following a high-profile pardon by President Donald Trump. The Binance founder had served a four-month sentence after pleading guilty to violating U.S. anti-money laundering laws—a conviction that formed part of a $4.3 billion settlement with the Department of Justice. CZ’s release marks a dramatic …

Continue reading “Changpeng Zhao Walks Free: Crypto’s Controversial King Returns”

Posted on

Echoes of Dot-Com? Is AI tech leading us into another crash?

Wall Street is soaring on artificial intelligence optimism—but underneath the record-breaking highs lies a growing sense of déjà vu. From stretched valuations and speculative fervour to market concentration reminiscent of the dot-com era, financial analysts and institutional veterans are asking: are we already inside a tech bubble? Valuations Defying Gravity At the heart of the …

Continue reading “Echoes of Dot-Com? Is AI tech leading us into another crash?”

Posted on

Bitcoin surges to new all-time high above $111000

Bitcoin has once again shattered records, reaching a new all-time high of $111,544 during early trading hours on 22nd May 2025 The world’s largest cryptocurrency has surged nearly 50% since April, fueled by growing substantial institutional interest and macroeconomic shifts. The rally follows a period of volatility earlier in the year, when Bitcoin dipped below …

Continue reading “Bitcoin surges to new all-time high above $111000”

Posted on

British Fintech Revolut Surpasses $1 Billion in Profit – Eyes UK Banking Expansion

British fintech giant Revolut has achieved a major financial milestone, reporting £1.1 billion ($1.5 billion) in net profit for 2024, marking a 149% increase from the previous year. The company’s revenue also saw significant growth, surging 72% to £3.1 billion, driven by a combination of subscription services, wealth management, and interest income. One of the …

Continue reading “British Fintech Revolut Surpasses $1 Billion in Profit – Eyes UK Banking Expansion”

Posted on

Bitcoin and ether drop amid grim inflation outlook – tariff uncertainty

Crypto faces market turmoil mid economic concerns The cryptocurrency market has been rocked by significant declines in two of its flagship assets, Bitcoin and Ether. This downturn reflects mounting concerns over broader economic challenges, including inflationary pressures and uncertainties surrounding Trump’s global trade tariffs. Bitcoin, often seen as a digital gold and a hedge against …

Continue reading “Bitcoin and ether drop amid grim inflation outlook – tariff uncertainty”

Posted on

Trump Media shares gain after Crypto.com announce ETF deal

Trump Media & Technology Group (TMTG) has made headlines with its latest announcement of a partnership with Crypto.com to launch a series of exchange-traded funds (ETFs) and related products. This news has sparked a surge in TMTG’s stock, which rose by approximately 9% in after-hours trading, despite a challenging year that saw the stock down …

Continue reading “Trump Media shares gain after Crypto.com announce ETF deal”

Posted on

‘A pig in lipstick’ – Trump’s strategic Bitcoin reserve criticised

The announcement of Donald Trump’s Strategic Bitcoin Reserve has sparked a wave of criticism and debate, with detractors likening the initiative to ‘a pig in lipstick’ – a superficial attempt to dress up a flawed concept. The reserve, which aims to stockpile or create a strategic reserve Bitcoin seized through criminal and civil forfeitures, has …

Continue reading “‘A pig in lipstick’ – Trump’s strategic Bitcoin reserve criticised”

Posted on

Trump’s U.S. Bitcoin reserve plan falls short of expectations

The cryptocurrency market faced a significant downturn following the announcement of President Donald Trump’s U.S. Bitcoin reserve plan The initiative aimed to position the United States as a global digital asset leader fell short of market expectations, triggering a wave of selloffs. Bitcoin, the flagship cryptocurrency, experienced a 3% drop, trading at $87,586.86 before dipping …

Continue reading “Trump’s U.S. Bitcoin reserve plan falls short of expectations”

Posted on

Hackers steal $1.5 billion from Bybit exchange

Bybit, one of the world’s largest cryptocurrency exchanges, has fallen victim to the biggest crypto heist in history Hackers managed to steal a staggering $1.5 billion in digital assets, primarily in Ethereum, from Bybit’s cold wallet, an offline storage system designed for ‘security’. This breach has sent shockwaves through the cryptocurrency community, raising concerns about …

Continue reading “Hackers steal $1.5 billion from Bybit exchange”

Posted on

Gold or Bitcoin?

Gold or Bitcoin: Which Is a Better Investment? When it comes to investing, two assets often come to mind: gold and Bitcoin. Both have their unique advantages and disadvantages, and choosing between them depends on your investment goals, risk tolerance, and market outlook. Historical performance Gold has been a reliable store of value for thousands …

Continue reading “Gold or Bitcoin?”

Posted on

Waning enthusiasm around Trump – AI and crypto

As we progress through 2025, it’s evident that the initial excitement surrounding Donald Trump’s election win, artificial intelligence (AI), and cryptocurrency has begun to wane – but for how long? Investors and the general public seem to be growing more cautious, reflecting a shift in sentiment towards these once highly anticipated topics. Trump’s tariffs In …

Continue reading “Waning enthusiasm around Trump – AI and crypto”

Posted on

Trump’s SEC prepares new ‘crypto task force’ to regulate the industry

On 21st January 2025, the U.S. Securities and Exchange Commission (SEC) announced the formation of a new cryptocurrency task force under the leadership of President Donald Trump. This initiative marks a significant shift in the regulatory landscape for digital assets, aiming to provide a comprehensive and clear framework for the industry. Task force The task …

Continue reading “Trump’s SEC prepares new ‘crypto task force’ to regulate the industry”

Posted on

What could quantum computing breakthrough ‘Willow’ mean for the future of Bitcoin and other cryptos

The advent of quantum computing presents both opportunities and challenges for the field of cryptography, especially in relation to cryptocurrencies. Quantum computers, leveraging the principles of quantum mechanics, have the potential to revolutionise computing by solving certain problems significantly faster than classical computers. One of the primary concerns is the impact of quantum computing on …

Continue reading “What could quantum computing breakthrough ‘Willow’ mean for the future of Bitcoin and other cryptos”

Posted on

Bitcoin breaks the $100,000 barrier

In a historic moment for the cryptocurrency world, Bitcoin has finally breached the $100,000 mark. This milestone, reached on 5th December 2024, signifies a notable triumph for Bitcoin enthusiasts and investors who have endured the market’s volatility over the years. The cryptocurrency value surge past $100,000 followed Donald Trump’s election as President of the United …

Continue reading “Bitcoin breaks the $100,000 barrier”

Posted on

U.S. stocks have a November to remember as Dow touches 45,000

On Friday 29th November 2024, the Dow Jones reached a new record high, closing at 44,910 points after breaching 45,000 temporarily This formed part of a wider market surge that led the S&P 500 and Nasdaq Composite to also hit record peaks. It concluded a remarkable month for the stock market, marked by the Dow …

Continue reading “U.S. stocks have a November to remember as Dow touches 45,000”

Posted on

Bitcoin’s flirt with $100,000 may be one bitcoin too far

Bitcoin flirted with the $100,000 mark, coming within less than $1,000 of that psychological threshold. However, it failed to breach this peak, falling back to as low as $90,702. on Tuesday 26th November 2024. It has since rallied, trading at approximately $96,697 early on 29th November 2024. But still off the $100,000 barrier. Investors taking …

Continue reading “Bitcoin’s flirt with $100,000 may be one bitcoin too far”

Posted on

Has BIG tech just bought the most pro-crypto U.S. Congress ever?

In a significant turn of events, the 2024 U.S. elections have ushered in what many are calling the most pro-crypto Congress in history. The significant shift in political dynamics is largely due to the substantial financial support from the cryptocurrency industry, which has strategically funded political campaigns to foster a legislative environment favourable to digital …

Continue reading “Has BIG tech just bought the most pro-crypto U.S. Congress ever?”

Posted on

Securities and Exchange Commission Chair Gary Gensler’s resignation is good news for crypto

Bitcoin reaches a new record high, nearing the $100,000 mark as the cryptocurrency rally marches on. Other altcoins are rallying too, basking in the aftermath of the SEC resignation news. Gary Gensler, Chair of the Securities and Exchange Commission, will step down on 20th January 2025 (Trumps inauguration day), an announcement made by the SEC …

Continue reading “Securities and Exchange Commission Chair Gary Gensler’s resignation is good news for crypto”

Posted on

Trump announces the new ‘Department of Government Efficiency’- DOGE – Dogecoin climbs over 150% on the news

The purchase of Meme coins is often viewed as indicators of retail interest and the willingness to take risks in the cryptocurrency market. Increased activity in meme coins typically signals that retail investors are engaging and are inclined to speculate more aggressively on the risk spectrum. Trump initially proposed the concept of an efficiency commission …

Continue reading “Trump announces the new ‘Department of Government Efficiency’- DOGE – Dogecoin climbs over 150% on the news”

Posted on

Bitcoin breaks $82,000 with billions bet on it reaching $90,000

Bitcoin has achieved a new all-time high, surpassing $82,000, and has continued to climb. This suggests that investors are confident the world’s leading cryptocurrency will gain even more, following U.S. elections that resulted in a significant number of pro-crypto candidates being elected. During his campaign, President-elect Donald Trump vowed to make the United States the …

Continue reading “Bitcoin breaks $82,000 with billions bet on it reaching $90,000”