Author: News Room
Bitcoin’s market capitalization hit an all-time high of $1.93 trillion on Thursday, Nov. 21, when the asset reached a record high of $97,850. This means that its market cap is now larger than the world’s sixth-largest company, Saudi Aramco, and just $230 billion behind e-commerce giant Amazon. The firm, also known as the Saudi Arabian Oil Group, is a majority state-owned petroleum and natural gas company and the national oil company of Saudi Arabia. Bitcoin price nearing $100K, market cap approaching $2 trillion. If Bitcoin was a company, it would be 6th biggest globally just behind Amazon and just ahead…
BTC/USD Bitcoin hit new record high on acceleration above 94K on Wednesday, lifted by growing expectations for more crypto-favorable conditions under incoming Trump’s administration. Break above the top of seven-day consolidation range generated initial signal of continuation of larger uptrend after bulls paused to consolidate recent strong post-US election gains. As I mentioned in my previous comments, overall sentiment remains very positive and tends to strengthen further on expectations for more friendly environment for cryptocurrencies and particularly for the bitcoin, the world’s biggest and best known cryptocurrency. Trump and his team pointed to enormous potential of bitcoin, which might be…
Mercado Bitcoin, the leading Latin American crypto platform, has launched the MBRL stablecoin on the Tron blockchain. MB’s November 19th statement noted that the MBRL will be pegged on the Brazilian real, making it reliable and convenient for digital asset investors in Latin America. The statement highlighted that MBRL’s integration with Tron will provide access to a fast, accessible, and scalable smart contract platform. In MB’s view, MBRL combines the stability and trust of Brazilian fiat currency with the utility of tokenization. MB claims the stablecoin was designed to act as a value store with liquidity for any withdrawal, including…
The Cardano (ADA) price has been outperforming the rest of the crypto market today with more than 12% gains while extending the rally to $0.83. This comes amid a staggering 145% surge in the Cardano whale accumulation over the past month. Over the last week, ADA has gained nearly 54% being among the top-performing altcoins, with investors soon eyeing a rally to the crucial milestone of $1.0. Crypto analyst Ali Martinez has also predicted that ADA price could reach $6 in this market cycle. Read the full article here
After extended investigations, Yao Qian, former director of the Science and Technology Supervision Department of the China Securities Regulatory Commission, was expelled from the party and removed from office for using the digital yuan in quid-pro-quo interactions. China has chosen to expel Yao Qian from public office and seize his illegal gains. The investigation revealed that he was involved in several acts of corruption, including using the digital yuan illegally. His behavior is an early bad omen for the digital yuan, as it has been proven that it can be exploited in illicit scenarios. The Shanwei Municipal Supervisory Committee of…
The cryptocurrency industry is abuzz with speculation about the appointment of a potential “Crypto-Czar” in the White House. It comes as President-elect Donald Trump considers creating the role of an advisor to guide federal policy on blockchain and digital assets. Charles Hoskinson, co-founder of Ethereum and founder of Cardano, proposed Coinbase CEO Brian Armstrong as the ideal candidate for the position. This proposal sparked a spirited debate within the crypto community. Brian Armstrong: Hoskinson’s Vision for a Crypto-Czar In a post on X (formerly Twitter), Hoskinson emphasized the importance of appointing a neutral and knowledgeable individual to the role. He…
The recent rise in the price of bitcoin due to geopolitical issues is prompting nations to consider introducing BTC as part of their reserves. In this context, countries like El Salvador, which is already purchasing bitcoin, might consider issuing debt to fund larger purchases. El Salvador Could Increase Its Bitcoin Purchases Issuing Debt Bitcoin has […] Read the full article here
[PRESS RELEASE – Barcelona, Spain, November 20th, 2024] AIntivirus, a global initiative aimed at combating systemic corruption and promoting transparency, launches with a message rooted in the enduring legacy of John McAfee. The project, inspired by McAfee’s outspoken stance on accountability and digital security, seeks to create a more equitable and secure digital environment. A Legacy Rekindled John McAfee, a polarizing figure renowned for his contributions to cybersecurity and his defiance of conventional norms, left a lasting mark on the tech industry. Although reports of his death in 2021 sparked widespread speculation, AIntivirus introduces McAfee’s message of resistance to corruption…
The token’s shows price syndication with a possible rally on the horizon. RSI divergence signals weakening momentum despite recent price highs. Key price levels may decide Bitcoin’s next move upward or downward. Bitcoin is trading at $91,606.68 after achieving three all-time highs in the past week, but technical indicators now suggest possible volatility. The Relative Strength Index has shown a declining trend, and a triangle shape on the chart indicates that a major value movement could be approaching. RSI Divergence Signals a Loss of Momentum While Bitcoin’s value continues to rise, the RSI is moving in the opposite direction, which…
Sui Network hits a new all-time high in active accounts and SUI price growth. Institutional support from VanEck and Grayscale boosts Sui’s visibility and adoption. Developer interest and DeFi protocols contribute to Sui’s expanding ecosystem and total value locked. The Sui Network is experiencing a major surge. Active accounts have hit a new all-time high, and SUI’s price has soared. Since August, the token has surged over 500%, reaching $3.6 on November 18. With a weekly close above $3.7, the market shows clear bullish momentum. $SUI reaches 30 million active accounts 💥 pic.twitter.com/FQLAju2Nbj — Quinten | 048.eth (@QuintenFrancois) November 18,…