Mike Novogratz’s Bitcoin Prediction While attending a conference arranged by The Bank of America, Mike Novogratz, CEO of Galaxy Digital, predicted Bitcoin’s price in the near future. He stated that before the end of Q1 of 2023, Bitcoin would reach the milestone of US$30,000. Novogratz has a habit of making predictions about the trading price…
Southeast Asia’s Largest Bank, DBS, Reveals Whooping Increase in Crypto Trade Volume DBS is one of the largest banking channels in the world and the biggest in the Southeast Asian region. The bank is amongst a handful of global banks that deemed it fit to get itself involved in crypto trading. For the purposes of…
For several decades, the Arab has continued making trillions of dollars by extracting oil from the surface of the earth. In the beginning, the Arabs were not wise enough to understand that oil was not renewable energy at all. However, as technology has made its way to the Arab regions, the people there have learned…
Elon Musk behind Quick Surge in Meme Coin Economy The global meme coin economy saw a quick boost when Elon Musk posted a tweet comprising a snapshot of his pet dog. Musk’s tweet, carrying Floki’s picture, showcased his dog dressed in ‘a black t-shirt’ with the logo which said ‘CEO’. Musk tagged the photograph as…
The Conflux Network officials have made an announcement regarding their latest partnership. As per sources, Conflux Network announced on February 15 that they have formed a partnership with China Telecom. Conflux Network is known for being the Blockchain Research Institute based in Shanghai. The company has confirmed that they have formed a new partnership with…
The enforcement action taken against the crypto exchange Kraken by the Securities and Exchange Commission (SEC) in the previous week has thrown the future of the practice of crypto staking in doubt. Coinbase, the crypto exchange based in the US, is prepared to launch its own crypto staking services after the incident. The CEO On…
IMF’s Take on Bitcoin Tender Adopted in El Salvador International Monetary Fund (IMF) issued a comprehensive mission statement on 10th February 2023 on Bitcoin’s adoption as a ‘Legal Tender’ by El Salvador. In this connection, a delegation of IMF visited El Salvador for a week-long consultation on the subject of 2023 Article IV. The consultation…
Shiba Inu continues to be one of the most talked about cryptocurrencies in the market. Despite starting out as a meme token very similar to that of other cryptocurrencies, it quickly grew into a force of its own. More specifically, it quickly become one of the most well-known cryptocurrencies, as people soon forgot that it…
In the past 24 hours, the price of Shiba Inu has taken a significant dip, falling by 7.5% to reach. Despite this recent setback, the cryptocurrency has shown resilience and remained positive. Over the course of the past week, it has experienced a slight increase of 1% and in the last 30 days, it has…
CEO of Meta Doubts Metaverse’s Progressive Future In 2023 The entity behind the world’s over-populated and vastly used social media platforms, Meta, is concerned about Metaverse’s progression in the preceding year. This concern has been growing upon Meta since the company disclosed 2022’s Q4 report which showed a small percentage of profits. However, Meta was…
Robert Kiyosaki’s Predictions for Bitcoin and Precious Metals The globally acclaimed author of the best-selling book ‘Rich Dad Poor Dad’ i.e. Robert Kiyosaki was seen predicting precious metals and Bitcoin. Kiyosaki seemed wary of sudden positive change existing in markets of Bitcoin and precious metals markets, in particular Silver and Gold. He posted a tweet…
The community of the Shiba Inu meme coin, SHIB, is determined to reduce the coin supply. They work hard to destroy more SHIB coins daily to boost scarcity and value. However, some users have yet to move their tokens from exchanges to the burn address set by the team. Despite this setback, SHIB fans remain…
China Missing Out On Opportunities during Tough Times Economists in China have developed a sense that China is missing out on a number of great opportunities. They have been arguing that the Pandemic has severely damaged the country’s economy and the circumstances warranted availing of every opportunity by the state. The economists then claimed that…
According to data from CoinGecko, Bitcoin was under pressure once more on Thursday morning, as the leading crypto sank to a low of four weeks at $22,408 briefly. But, it had climbed back up once more at the time of writing to a value of $22,715, still below the $23,000 mark. Price action This latest…
According to a report published on Monday, there is more optimism amongst investors where the digital asset market is concerned and they are now investing more cash into crypto funds than earlier. On Monday, CoinShares said that the previous week had seen an inflow of $76 million in crypto funds, which makes it the fourth…
Over the weekend, the price of Bitcoin dropped below the $23,000 mark, as investors were still digesting the US nonfarm payrolls data. This week, the focus is on the speeches that will be delivered by some policymakers of the Federal Reserve. Bitcoin’s drop Early Monday morning, there was a drop in the price of Bitcoin…
Survey of Institutional Investors of Bitcoin A survey on the future of Bitcoin has been compiled by Nickel Digital Asset Management with the cooperation of Pureprofile. The findings of the survey, which were published on 26th January 2023, revealed institutional investors’ expectations of Bitcoin. While Nickel was responsible for determining the findings of the survey,…
Leading operators conducted a survey, which revealed that the past year has seen Russian crypto mining facilities expand their capacity, even though sanctions have been imposed and the market is facing a downturn. The major factors that have contributed to this trend are the increased interest from domestic users and the decline in the prices…
Metaverse’s Step-wise Evolution People often disregard the ‘Metaverse’ on the pretext that it is far from reality i.e. a world that exists virtually only. However, with the passing of each day, the world is coming to know of the benefits which Metaverse is capable of providing. Initially, Metaverse primarily served as a place for online…
Commodity Market Disaster on the Way Kito News recently interviewed the founder of HS Dent, Harry Dent, and enquired from him how he sees the future. His opinion was particularly sought on the futures of digital currencies and Gold. Dent was of the view as per his analysis he is expecting a major crisis to…
