Recent market statistics reveal that two specific cryptocurrencies, Cardano (ADA) and Avalanche (AVAX), have witnessed substantial gains in the past week, surpassing other top 20 cryptocurrencies in terms of market capitalization. In the previous seven days, Avalanche has surged by an impressive 48.7%, while Cardano has experienced an increase of 50.4% against the U.S. dollar. […]
Investments in Crypto Assets: Exceptionally Risky The U.S. Securities and Exchange Commission (SEC) has renewed its warning that investments in crypto assets can be exceptionally risky. The regulator emphasizes that crypto-related investments are fraught with fraud, including bogus coin offerings, Ponzi and pyramid schemes, and outright theft where project promoters disappear with investors' money. SEC
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NFT Sales Soar by 57% in the First Week of December In the month of November, non-fungible token (NFT) sales experienced a significant surge, and this trend continued into the early weeks of December. In fact, NFT sales in the first week of December escalated by 57% compared to the previous week, reaching approximately $316
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Gold's Record High and Modest Year-to-Date Increase Gold achieved a record high of $2,117 per troy ounce on Dec. 3, 2023, yet its price per ounce has decreased by 5.33% in the previous week. Despite hitting this unprecedented peak, its year-to-date increase against the U.S. dollar is relatively modest at 9.9%. In contrast, bitcoin, the
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Introduction Asset management firm Vaneck has recently unveiled its 15 crypto predictions for the year 2024. These predictions cover a range of topics, including the U.S. recession, the approval of spot bitcoin exchange-traded funds (ETFs) by the Securities and Exchange Commission (SEC), and the potential for bitcoin's historic rally. Let's take a closer look at
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Sofi's Decision to Stop Offering Crypto Services Sofi, the financial services platform, has announced that it will no longer offer cryptocurrency services to its customers starting from December 19. The company made this decision due to increased scrutiny of the crypto sector by banking regulators. Sofi has provided instructions on its webpage for customers who
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Bitcoin as an Alternative to Fiat Currencies Brian Armstrong, CEO of Coinbase, has recently reflected on the role that bitcoin might have in the future of Western civilization. In a post on X, Armstrong explained that "One idea I’ve been contemplating is that Bitcoin may be the key to extending western civilization" and that fiat
Overview On Friday, December 8, 2023, ethereum's trading concluded with a 4% rise, settling at $2,358. This jump was observed within a daily trading range from $2,245 to $2,385. Underlying this upward trajectory was ether's market cap of $283 billion, accompanied by a strong 24-hour trading volume of $26.75 billion. Oscillators and moving averages present
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Bitcoin and Ethereum Lead the Way In the past week, the value of bitcoin has surged by over 14%, while ethereum has also experienced a notable 13% increase against the U.S. dollar. These two leading cryptocurrencies have paved the way for the overall growth of the crypto market, which currently features over 11,000 cryptocurrencies spread
The Rise and Fall: Analyzing the Weekly Performance of Cryptocurrencies Read More »
El Salvador's Bold Bid: Citizenship for Crypto Millionaires El Salvador, the country that made headlines by recognizing bitcoin as legal tender in 2021, has now introduced the "Adopting El Salvador Freedom Visa" program. This program offers a unique opportunity for high-net-worth individuals to obtain Salvadoran citizenship in exchange for a $1 million investment in bitcoin
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