Bitcoin and other cryptocurrencies such as XRP and ADA fell in tandem, after a drop in Nvidia’s after-hours trading. The company announced that it expects a $5.5 billion write-down in the fiscal first quarter. This announcement was the catalyst for the plunge, fueled in part by new export restrictions on...
Upexi, Inc. is a tech-enabled brand owner with deep expertise in developing, manufacturing, and distributing consumer products. They have plans to invest $100 million in Solana, a cryptocurrency best known for its impressive speed, scalability, and developer ecosystem. This decision comes as Upexi seeks to expand its business and reduce...
On Monday, Bitcoin surged above the $88,000 mark, reaching its highest price since late March. That spike was with the U.S. dollar declined precipitously and political uncertainty over the Federal Reserve increased. The crypto then went on to trade close to $86,800 afterwards, an impressive jump. This sudden price move...
Bitcoin has demonstrated significant upward movement recently, reigniting interest in the cryptocurrency's potential to reach the $100,000 mark. Bitcoin previously broke out of a four-month falling wedge pattern at the beginning of this month. It followed that up by confirming its bullish reversal on Tuesday with a decisive close above...
Bitcoin is back on the run! For the third straight day, it has hit new all-time highs– all due to massive inflows into Bitcoin ETFs. The recent surge has pushed the total cryptocurrency market capitalization over $3 trillion. Other altcoins including SUI, Cardano and Ethereum are all enjoying massive profits....
Bitcoin has recently skyrocketed all the way up to over $93,000, reaching its highest point in over two months. Five key factors fuel this rally. Huge inflows into U.S.-listed Bitcoin exchange-traded funds (ETFs), the calming of U.S.-China trade tensions, and renewed confidence in the Federal Reserve leadership are all playing...
And just as the United States and China are rekindling their trade conflict with increasing tariffs. This escalation is raising alarms in crypto and stock markets alike. This recent escalation marks a “new phase” of the trade war, contributing to rising threats to global financial stability.On this day, the White...
The Alabama House Ways and Means General Fund Committee has delayed the vote on HB482. This bill would authorize the State Treasurer to invest in various digital assets, including cryptocurrencies like Bitcoin and Ethereum. Rep. Mike Shaw, R-Hoover, the bill’s sponsor, introduced HB482. This bill is one of three in...
Without stronger federal action, the United States will continue to fall behind in the rapidly growing digital economy. Just as importantly, it needs to develop clear regulatory principles around blockchain technology to remain competitive. Blockchain's potential to reduce transaction costs, enable instant settlements, and drive financial innovation positions it as...