Author: Chirag Sharma
-
WazirX Plans to Repay $230 Million Worth Losses
WazirX, the leading cryptocurrency exchange in India, has unveiled its strategy to address the $230 million loss incurred following a major hack on its platform. The WazirX plans, after weeks of deploying a bounty program to recover the stolen funds, has finally announced its approach to compensate affected users equitably. Socialized Loss Strategy WazirX plans…
-
Binance Completes Render Token Swap and Rebranding
Binance has successfully completed the Render (RNDR) token swap and rebranding to Render (RENDER). Users can now deposit and withdraw the new RENDER tokens. This move marks a significant update in the cryptocurrency market, with Binance opening spot trading for RENDER/BTC, RENDER/USDT, RENDER/FDUSD, RENDER/USDC, RENDER/TRY, RENDER/EUR, and RENDER/BRL pairs at 2024-07-26 08:00 (UTC). New Trading…
-
VanEck Predicts Bitcoin at $2.9 Million by 2050
VanEck, a renowned asset management giant, has released a highly optimistic report on Bitcoin (BTC), forecasting its potential to become the dominant medium of exchange and store of value globally. This bullish outlook stems from anticipated increases in foreign trade and cross-border remittances. VanEck predicts, Bitcoin could reach a staggering price of $2.9 million per…
-
Crypto Adoption: 15 Brands Which Can Make Cash Irrelevant
Crypto has been steadily gaining traction, and 2024 has proven to be a pivotal year for the sector. As the world becomes more digitally oriented, the acceptance of Bitcoin and other crypto by major brands is transforming how we transact. This article explores 15 essential brands that, by embracing crypto adoption, could eliminate the need…
-
Bitcoin Price Sideways as Mt. Gox Neutralises ETF Inflows
The latest developments in the crypto market reveal a significant shift in Bitcoin price dynamics as the defunct crypto exchange Mt. Gox moved over 47,500 Bitcoin (BTC), worth approximately $3.2 billion, to multiple addresses. This major transfer has countered the positive impact of substantial Bitcoin ETF inflows, causing a noticeable effect on the Bitcoin price.…
-
Ethereum ETFs to Set a New All Time High for $ETH
The Launch of Ethereum ETFs The launch of Ethereum ETFs is a significant milestone for the crypto market. The demand generated by these ETFs could push Ethereum’s price to $5,000, $10,000, or even $20,000 by the end of next year. To understand the potential impact, let’s look at the effects of Bitcoin ETF approvals, the…
-
Token 2049 Singapore: Biggest Crypto Event Ever
Overview of Token 2049 Singapore Token 2049 Singapore is shaping up to be the most significant cryptocurrency event ever. Scheduled for 18-19 September 2024 at Marina Bay Sands, it precedes the Formula 1 Singapore Grand Prix 2024 race weekend. This event will bring together 20,000 attendees from over 150 countries, converging industry leaders and global…
-
Bitcoin Price Breaks $66,000 Level: A Bullish Outlook Ahead
Bitcoin price has successfully broken the $66,000 level, marking a significant milestone in its recovery from the recent downturn. This breakthrough, supported by key Fibonacci retracement levels, is a strong indicator of potential bullish momentum. Key Insights from the Bitcoin Price Chart Bullish ETF Inflows help Bitcoin Price In addition to the technical indicators, bullish…
-
BlackRock to Dominate Ethereum ETFs
BlackRock is poised to dominate the future Ethereum ETFs market by offering a fee of just 0.25%, significantly lower than many competitors. This bold strategy has the potential to revolutionize the industry and bring substantial benefits to investors. The surge in volume can take place with big institutions eyeing big moves. Read more about it…
-
Institutional Optimism Surges with Ethereum Spot ETFs
Institutional optimism regarding Ethereum has surged with news of potential Ethereum Spot Exchange-Traded Funds (ETFs) on the horizon. Unlike retail investors, institutional investors are showing greater enthusiasm for the crypto asset. This heightened institutional optimism can be attributed to several factors. This includes higher trading volumes that signal a strong belief in Ethereum’s long-term potential.…