Tag: cryptocurrency

GameStop Jumps Into Bitcoin Following Strong Fourth Quarter

GameStop Jumps Into Bitcoin Following Strong Fourth Quarter

GameStop announced its board of directors has unanimously approved a plan to purchase bitcoin using the company's corporate cash reserves. This move, similar to MicroStrategy's well-known bitcoin investment strategy, comes as investors celebrate GameStop's positive fourth-quarter results. The announcement triggered a rapid spike in the company’s stock. It surged over...

Cardano's Ascent Depends on Governance, Innovation, and Strategic Partnerships

Cardano's Ascent Depends on Governance, Innovation, and Strategic Partnerships

Additionally, fellow Ethereum competitor Cardano (ADA) has been making gains to recover footing above $1. Its success depends on a complex and fluid approach. The Cardano Foundation's stewardship of network governance, coupled with strategic support for use cases aligned with Cardano's core tenets of scalability and decentralization, are critical factors....

Ethereum's Fortress: Why Its Network Endures Despite Solana's Speed Blitz

Ethereum's Fortress: Why Its Network Endures Despite Solana's Speed Blitz

The crypto space is an unforgiving battleground of innovation, where upstarts are always nipping at the heels of the market leaders. Solana features lightning-fast transaction speeds and low costs. Because of this, it has rapidly emerged as a leading competitive alternative to Ethereum, who for years was the undisputed smart...

Altcoins Struggle to Sustain Gains Despite ETF Launches and Memecoin Craze

Altcoins Struggle to Sustain Gains Despite ETF Launches and Memecoin Craze

The cryptocurrency market is still changing quickly. Altcoins battle one another for attention and dominance, as they always have, even as Bitcoin continues to ooze influence and as new fintech handiworks enter the marketplace. The approval of spot Bitcoin ETFs unleashed a monster wave of inflows. Despite the bullish arrival...

Bitcoin Eyes $90,000 as ETF Flows Turn Positive and Coinbase Premium Returns

Bitcoin Eyes $90,000 as ETF Flows Turn Positive and Coinbase Premium Returns

Bitcoin (BTC) kicked off the week on a good note, touching daily high of $88,804 as bullish momentum continued to carry the market higher. The Coinbase premium is returning with a vengeance. Simultaneously, strong net inflows into (spot) Bitcoin ETFs indicate that investor sentiment is booming. This bullish trend has...

XRP: The Sleeping Giant About to Wake?

XRP: The Sleeping Giant About to Wake?

We all know the cryptocurrency market is a wild beast. Dreams turn into riches and nightmares with each story that hits the press. Through it all, amidst the noise, XRP has always been a lightning rod, a digital asset cloaked in equal parts opportunity and outrage. Having covered financial news...

Abracadabra.Money Suffers $13M Exploit, GMX Ecosystem Impacted

Abracadabra.Money Suffers $13M Exploit, GMX Ecosystem Impacted

Abracadabra.Money, a popular decentralized finance (DeFi) platform, suffered a security breach leading to $13 million in losses. While the GMX community is understandably shaken at the news of the exploit, they should have no fear. It included Magic Internet Money (MIM) pools powered by the use of GM tokens, which...

Bitcoin Eyes $90,000 Resistance Amid US Trade Tariff Developments

Bitcoin Eyes $90,000 Resistance Amid US Trade Tariff Developments

Bitcoin (BTC) blasted through $88,000 just after the Wall Street open on March 25. This spike was largely driven by the market’s response to US trade tariffs hitting risk assets. The cryptocurrency’s performance is now under scrutiny amid potential market manipulation and a major resistance level. The market is showing...

Riding the Bitcoin Rollercoaster: Volatility as Your Ticket to Profit

Riding the Bitcoin Rollercoaster: Volatility as Your Ticket to Profit

Let’s face it, the Bitcoin world can be a little chaotic and overwhelming at times. One moment you’re up in the clouds, the next you’re free-fallin’ down a National Park-sized cliff. That, my friends, is the sweet & sour beauty of Bitcoin volatility. And even though others may be intimidated...

Crypto's Risky Reset Button: Are Token Buybacks a Bailout in Disguise?

Crypto's Risky Reset Button: Are Token Buybacks a Bailout in Disguise?

The broad world of crypto—which dangles potent lures of decentralization and freedom from traditional finance—can seem like the Wild West. New infrastructure needs come online every day, all competing for limited transportation dollars. In this uncertain and unpredictable landscape, token buybacks have emerged as a popularizing recurring maneuver. So are...