Author: News Room

Robert Kiyosaki, known for his advocacy of Bitcoin (BTC), gold, and silver, has revealed that he would acquire more BTC if the crypto asset’s value ever drops to $200, as American financial writer Harry Dent predicted. In a Tuesday tweet, Kiyosaki, the author of several financial books, including Rich Dad Poor Dad, said he hopes Dent’s prediction comes true, as such an occurrence would produce new multi-millionaires and possibly a few billionaires. Bitcoin to $200? Dent is known as the harbinger of financial and economic recession. Although most of his forecasts have been unsuccessful, he correctly predicted the 2000 dotcom…

Asia-based Bitcoin investors face market volatility as automated trading bots react to data from U.S. Bitcoin ETFs, potentially influencing market swings. In Asia, Bitcoin investors are navigating through turbulent market swings, allegedly influenced by automated trading bots reacting to data coming from spot Bitcoin exchange-traded funds (ETFs), Bloomberg reports, citing crypto executives. Arbelos Markets president Shiliang Tang, acknowledged the significance of automated bots, saying from an algorithmic trading perspective, bots “can basically auto-scrape this data and buy and sell based on this.” “It seems that’s basically what is happening.” Shiliang Tang You might also like: Bitwise CIO predicts $1T BTC…

The GameHub has announced the locking of their entire liquidity pool (LP) of GHUB tokens for a full year using FlokiFi Locker. This development marks another milestone for Floki’s crypto locker protocol, showcasing its increasing appeal among digital asset projects. In another strong sign of the accelerating adoption of #Floki’s crypto locker protocol, #FlokiFi Locker, The GameHub has locked their entire liquidity pool (LP) of $GHUB tokens for a full year!@TheGameHubXYZ is a project on the Ethereum blockchain, building an all-in-one crypto… pic.twitter.com/Az75KRJ1kA — FLOKI (@RealFlokiInu) April 3, 2024 The GameHub, a pioneering project on the Ethereum blockchain, is constructing…

In a bold move that has caught the attention of the cryptocurrency market, Michael Novogratz’s Galaxy Digital Holdings has made a significant purchase of 6,000 ETH worth $19.8 million. This acquisition comes amid a backdrop of increasing institutional interest in Ethereum, indicating a growing recognition of its potential. The purchase also comes at a time when Ethereum’s price has experienced a notable drop, a factor that did not deter the investment firm from capitalizing on the opportunity. Besides Galaxy Digital, Asia-based blockchain-focused venture capital firm Fenbushi Capital has also snapped up a sizable quantity of ETH: 5,207.4 ETH worth $17.2…

Bithumb Korea, the operator of the Bithumb crypto exchange, has reported a year-on-year decline in profitability for the Financial Year 2023, despite recent upturns in trading volumes. Per the South Korean media outlet New Daily, year-on-year sales figures fell by 58%, according to a Bithumb statement on April 2. However, while the company’s performance shrank compared to 2020, its profits remained in the black. Trading volumes on South Korea’s Bithumb crypto exchange over the past 12 months. (Source: CoinGecko) Bithumb Korea: Did Commission-free Trading Harm Financial Results? Bithumb Korea said its exchange business “recorded operating losses of [just over $11…

The latest market correction has resulted in Shiba Inu retesting the $0.000025 low, with market analyst Scofield projecting an imminent 140% jump to the $0.000065 level. Shiba Inu (SHIB) has not escaped the latest market collapse, relinquishing some of the gains of the previous upsurge. The asset eventually gave up the $0.00003 territory on April 1 amid a 6.83% intraday slump, closing the day at $0.00002864. The market onslaught has continued, and SHIB has dropped further to the $0.000027 zone. Despite the bearish market conditions, crypto analyst Scofield expects a recovery from the recent lows and predicts an imminent push…

Faruk Fatih Ozer, the ex-CEO of the now-defunct Turkish cryptocurrency exchange Thodex, has been handed a staggering prison term for defrauding investors. Ozer’s conviction has come after a prolonged legal battle stemming from the collapse of Thodex in 2021, during which he absconded with millions of dollars worth of investors’ assets. Ozer, who fled to Albania following the collapse of Thodex, was recently extradited back to Turkey to face charges related to money laundering, fraud, and organized crime. In a ruling that sent shockwaves through Turkey’s financial and cryptocurrency sectors, a Turkish court sentenced Ozer to an astonishing 11,196 years…

Indian crypto investors are witnessing a new sort of cryptocurrency scam where bad actors are masquerading as job recruiters and duping their potential candidates, or in this case, victims. Naved Alam, a 22-year-old resident of Pune, India, saw INR 2.5 lakhs (approximately $3000) worth of his crypto funds disappear after an encounter with his potential employers. “Sharing my story to raise awareness and prevent others from going through the same ordeal,” said Alam in an X post on March 31. According to Alam’s post, an X user named ‘crankybugatti’ contacted him regarding a potential role as a product designer in…

Coinbase has selected Lightspark to integrate the Bitcoin Lightning Network. This initiative aims to enhance the platform with faster and more cost-effective Bitcoin transactions, an important step towards improving efficiency. Coinbase to Integrate the Bitcoin Lightning Network The Bitcoin Lightning Network, a Layer 2 payment protocol, enables quicker transactions than Bitcoin’s primary network by reducing the blockchain’s burden. Lightspark, which specializes in providing access to the Lightning Network, has been working with Coinbase to implement this technology. Through its software, Lightspark simplifies the integration and management of the Lightning Network for institutions. It offers a suite of tools designed for…

Since its launch on April 2, the Ethena governance token ENA has experienced an 80% climb in value against the U.S. dollar, ascending from an all-time low of $0.532 per token. Currently, it ranks among the top 100 coins by market capitalization, boasting a total valuation of $1.36 billion at the time of reporting. Rapid […] Read the full article here