Author: News Room
There is very little time left for the halving event of Bitcoin Cash (BCH), which was separated from Bitcoin (BTC) through a hardfork in 2017. According to Nicehash data, Bitcoin Cash’s halving will take place on April 4, 2024 (today) at approximately 02:16 Turkey time (UTC+3). However, this may not be the exact time when the halving will occur because the calculations are arranged according to the number of blocks produced. BCH is currently 839,993. block has been produced and the halving event is 840,000. It will take place on the block. The performance of the BCH price may have…
Shiba Inu (SHIB), a popular meme coin and Dogecoin rival, has set its foothold firmly in India despite crypto regulatory woes. SHIB emerged as the top traded crypto on WazirX, an Indian crypto exchange. Moreover, the SHIB team expressed optimism toward the same. Read the full article here
In the first quarter of 2024 (Q1), memecoins emerged as the most profitable crypto narrative, delivering massive average returns of 1312.6% across its top tokens, according to a recent study and report conducted by CoinGecko. This figure far surpassed the returns of other narratives, highlighting the growing popularity and frenzy surrounding memecoins in the cryptocurrency market. RWA Vs Memecoins Three newly launched tokens were among the top 10 memecoins by market cap at the end of the quarter: Brett (BRETT), BOOK OF MEME (BOME) and Cat in a dogs world (MEW). BRETT generated the highest returns since its launch with…
Galaxy Digital, a leader in the cryptocurrency sector, is expanding its investment scope with a recently announced $100 million fund. This venture aims to empower promising early-stage crypto startups. The move builds on Galaxy’s existing involvement in the crypto ecosystem, which previously relied on internal capital for company investments. Galaxy Digital’s Latest Fund to Fuel Crypto Ecosystem Growth Known as the Galaxy Ventures Fund I, LP, the fund anticipates backing up to 30 startups within the next three years. Investments will begin at $1 million, centering on financial applications, software infrastructure, and crypto protocols. Galaxy Digital has a solid history…
Van Eck analysts predict that Ethereum’s Layer two (L2) scaling solutions will reach a $1 trillion market cap within six years, fueled by the need to overcome Ethereum’s limitations in processing capacity, data storage, and computation. Despite acknowledging the potential for significant revenue generation on L2 networks over the base Ethereum network, the analysts express […] Read the full article here
A widely followed crypto analyst and trader is offering his forecast on a digital token that represents physical and traditional financial assets or Real World Assets (RWA). The trader pseudonymously known as Altcoin Sherpa tells his 213,700 followers on the social media platform X that crypto assets in the RWA category are still “strong”. According to Altcoin Sherpa, the Ethereum (ETH)-based native token of a crypto project focused on real-world asset tokenization, Mantra (OM), is likely to fall further before resuming an uptrend based on Fibonacci retracement levels. In technical analysis, Fibonacci retracement levels are used to identify key support…
Cathie Wood, founder and CEO of leading investment management firm Ark Invest, thinks Bitcoin (BTC) is an insurance policy against rogue regimes as more users flock to it amid the devaluation of their national currencies. During an interview with CNBC, Wood tagged Bitcoin as a hedge against devaluation and loss of purchasing power and wealth, insisting that the mass adoption of the digital asset signals a flight to safety in various parts of the world. An Insurance Policy Against Rogue Regimes Over the past few months, several fiat currencies have depreciated against the United States dollar as countries struggle with…
Amid the bearish pressure witnessed in the price of Bitcoin, Captain Faibik, a popular cryptocurrency analyst and trader, has identified the potential for a significant rebound that could send BTC to an unprecedented level before the end of April. Bitcoin Might Be Poised For New Peak This Month Bitcoin is presently exhibiting a downward pressure on low timeframes, falling to the $65,000 price level after briefly touching $71,000 on Monday. Despite the adverse price action, Captain Faibik is confident there will be an uptick in the price of BTC this month. Captain Faibik’s analysis emphasizes Bitcoin’s bullish pennant formation on…
The possibility of text-to-video generation excites the crypto market, and AI tokens rose when OpenAI first unveiled a demo of Sora But to make this mainstream the compute power will be staggering. More server-grade H100 GPUs will be required than Nvidia produces in a year, or what its largest customers run in their data centers collectively. How many Graphics Processing Units (GPUs) will be required to make text-to-video generation mainstream? Hundreds of thousands – and more than are currently in use by Microsoft {{MSFT}}, Meta {{META}}, and Google {{GOOG}} combined. The first demo of OpenAI’s text-to-video generator Sora amazed the…
Robinhood, the trading platform, has been initiated with a market perform rating and a $20 price target by KBW as retail trading sees a resurgence. According to the report, retail engagement saw significant acceleration in the first quarter, prompting KBW to commence coverage of Robinhood. The firm notes that Robinhood‘s share price surged notably as retail trading activity intensified. The duration of this upsurge in retail trading remains uncertain, with KBW raising questions about its sustainability. The research report highlights the potential for continued strength in retail stocks and cryptocurrency prices, suggesting that the heightened engagement from retail investors may…