Author: News Room
Although he recently pointed out the problem of the seemingly unlimited supply of mined precious metals like gold and silver, the famous investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ Robert Kiyosaki, has recently argued that silver could be the best bargain. Specifically, explaining his reasoning on the matter, Kiyosaki stated that silver was “not only a precious metal,” but also “an industrial metal and a strategic metal,” demand for which was soaring due to wars erupting all over the world, as he pointed out in an X post on March 19. Furthermore, Kiyosaki highlighted…
Empower Oversight, a nonprofit dedicated to enhancing independent governmental oversight, filed a lawsuit against the United States Securities and Exchange Commission (SEC) on Friday, alleging the federal agency failed to comply with their Freedom of Information Act (FOIA) request regarding cryptocurrency conflict of interests at the agency. The nonprofit’s lawsuit is particularly focused on uncovering information about William Hinman, the Director of the Division of Corporate Finance at the SEC from May 2017 to December 2020, following revelations “that several former-SEC officials held financial interests that call into question the integrity of their actions at the SEC.” US Government Agency…
Charlotte Fang, the creative force behind the Milady NFT collection, confirmed a major security breach on Saturday, March 16. According to Fang, an unknown hacker has illicitly transferred millions of dollars worth of Ether (ETH) and non-fungible tokens (NFTs) from the treasury of Remilia, the decentralized autonomous organization (DAO) responsible for the Milady Maker project. This security incident first came to light through a post by Dumpster DAO, an X user who shared what appeared to be a distressing message from Fang (also known as Krishna Okhandiar), suggesting that the Remilia treasury had been drained. Remilia treasury appears to have…
Ahead of its impending token airdrop on The Open Network, viral Telegram clicker game Notcoin just revealed that it’s giving away a total of 100,000 Toncoin (TON) to players via a new quest—and millions of in-game coins for certain “O.G.” users. It all stems from a new in-game quest called “TON for Fun.” Players who complete all the tasks in the quest will get a 3 million Notcoin bonus and 1 TON. A total of 100,000 TON are being given out to players who participate in the quest, collectively worth just over $400,000 as of this writing, and the quest…
The cryptocurrency market is witnessing a transformative era with the launch of US-listed spot Bitcoin ETFs, heralding a significant shift in how investors engage with Bitcoin. According to a report by Tim Copeland for The Block, earlier today, BlackRock’s Global Head of Digital Asset Transformation, Tony Ashraf, highlighted the crucial role these ETFs are playing in satisfying the previously unmet demand for Bitcoin investment, during a panel at Digital Asset Summit 2024 in London. Ashraf elaborated on the burgeoning interest in these spot Bitcoin ETFs, noting that these financial instruments are not just a novelty but a bridge connecting traditional…
The XRP price has recently encountered a bearish rejection once more at the critical golden ratio level, approximately valued at $0.75. Subsequently, the price of Ripple has entered a corrective phase. The question arises: To what extent will the Ripple price decline? Is the corrective movement anticipated to be prolonged? XRP Price Faces Clear Rejection at Golden Ratio Level This month, the XRP price approached the critical golden ratio resistance level at approximately $0.75. However, it faced substantial rejection at this juncture. Consequently, the histogram of the Moving Average Convergence Divergence (MACD) is displaying a bearish trend despite the MACD…
On Wednesday, March 20, 2024, Cryptopunk #7,804 exchanged hands for a sum of 4,850 ethereum (ETH), equivalent to $16,382,444. This transaction marked it as the collection’s second highest-priced non-fungible token (NFT) sale. It surpassed the transaction of Cryptopunk #3,100, which was clinched 16 days earlier for 4,500 ETH or $16,010,724. The record for the priciest […] Read the full article here
A new Solana (SOL)-based memecoin has soared to more than a $620 million market cap shortly after launching and securing listings on multiple crypto exchanges. Slerf (SLERF), a new sloth-themed memecoin, is now trading on at least four crypto exchanges as of Monday. MEXC added Slerf to its “assessment zone,” which is reserved for low-cap digital assets prone to volatility. Poloniex, Bitget and Bybit also said they are listing Slerf for trading. Amid the token launch and exchange listing news, Slerf soared to a high of $1.25 on Monday, and the project’s market cap shot up to $622 million. SLERF…
Firms in Hong Kong reportedly hope to leapfrog US companies and get a leg up on the market by rolling out Ethereum (ETH) exchange-traded funds (ETF) first. The Hong Kong news outlet Sing Tao Daily, citing “industry insiders,” reports that spot ETH ETFs are under “intensive preparation” in the jurisdiction. Livio Weng, the chief operating officer of the digital asset financial services firm HashKey Group, also tells Sing Tao Daily that the Ethereum spot ETF is currently the most anticipated product by global crypto investors. Hong Kong’s Securities and Futures Commission (SFC) published spot crypto ETF requirements in December. The…
Chief executive of analytics platform CryptoQuant believes the bull market is far from over despite Bitcoin’s (BTC) latest dip after hitting new all-time highs this month. Ki Young Ju tells his 339,800 followers on the social media platform X that Bitcoin has yet to reach a cycle top, but is undergoing a short-term correction after soaring to a new high of nearly $74,000 on March 14th. He also warns that the correction may continue to be as low as $51,000 based on historic corrections in prior bull market cycles. “Bitcoin is still in the middle of the bull cycle. 1.…