“Blockchain and crypto will underpin our future global financial systems,” said the new board member. Rosa Gumataotao Rios, the 43rd treasurer of the United States, will be joining Ripple’s board of directors. In an announcement from Ripple today, the company said Rios, who served as the U.S. treasurer from 2009 to 2016 under President Barack…
Read more
Clearly Super Mario isn’t the only one collecting coins. The market capitalization of Doge, a meme-based token that started as a joke seven years ago, briefly passed that of major Japanese video game company Nintendo following a price rally. According to data from AssetDash, the market capitalization of Dogecoin (DOGE) surged to $77.7 billion earlier…
Read more
Ethereum and a handful of altcoins have charged higher while Bitcoin struggles to find enough momentum to clear the $58,000 level. Ether (ETH) has been the star performer among major cryptocurrencies in the past few days as its rally has continued unabated. The second-largest cryptocurrency by market capitalization crossed the $3,300 today sending projects market…
Read more
After days of range-bound action, Bitcoin and many altcoins made a strong comeback today, indicating buying at lower levels. The recent weakness in Bitcoin (BTC) price did not see any panic selling by investors, suggesting the sentiment in the crypto sector remains bullish. After Ether’s (ETH) strong run in the past few days, Bitcoin played…
Read more
Altcoins are notching double-digit gains as bulls push Bitcoin price back toward the $55,000 level. Bitcoin price started the week off with a strong move that propelled the price above $50,000 and at the time of writing, bulls are in pursuit of the $55,000 level. On April 21, JPMorgan analysts wrote that the liquidity in the…
Read more
Bitcoin price continues to come under pressure from sellers while Ether and BNB are attempting to buck the trend. As Bitcoin price crashed below $50,000, mainstream media highlighted that the selling across the market could have been triggered by reports that the Biden administration proposed increasing the capital gains tax to 39.6% from the current…
Read more
After the initial oversold bounce, traders are struggling to sustain the momentum of the relief rally in Bitcoin and most altcoins, a signal that selling could intensify at higher levels. During strong uptrends, the best practice is to buy on significant dips as profits are produced when the price quickly rebounds from oversold conditions. This…
Read more
Bitcoin’s weakness and Dogecoin’s epic pump are signals that the market could be overheating and in need of a short-term correction. Dogecoin’s (DOGE) massive rally to $0.45 propelled it to a market capitalization of over $54 billion to make it the fifth most valuable cryptocurrency by market cap. This lofty market cap comes as a…
Read more
Altcoins continue to press higher while Bitcoin bulls work on holding the $60,000 level as support. Bloomberg Intelligence senior commodity strategist Mike McGlone equated the current consolidation in Bitcoin (BTC) price to that of a “caged bull, well-rested to escape.” When compared with the rallies a year after the previous two Bitcoin halvings in 2012…
Read more
Ripple is reportedly trading at a $2 to $3 billion valuation but its XRP holdings are worth around $70 billion. The equity of Ripple, the company that builds the infrastructure around XRP — the digital asset used by networks like RippleNet to process cross-border payments — is reportedly trading at $2 to $3 billion in the secondary…
Read more
