The Bitcoin Fear & Greed Index has recently spiked to its highest level in nearly three years, reaching Extreme Greed in a rapid manner. This index serves as a metric for measuring investor sentiment and their outlook on the market. It provides valuable insights into whether investors are actively injecting capital into the market or
After withdrawing its initial application for a Virtual Asset Trading Platform (VATP) license in Hong Kong, Justin Sun-related crypto exchange HTX has resubmitted its application, as indicated by a notice on the Securities and Futures Commission (SFC) website. The initial application, filed through its Hong Kong subsidiary Huobi HK, was pulled back on Feb. 23
In the realm of non-fungible tokens (NFTs), one name stands out above the rest – the Bored Ape Yacht Club and their groundbreaking game, Dookey Dash. This game took the NFT world by storm with its limited release that restricted gameplay to NFT owners only. However, a new version of the game is poised to
Shiba Inu, the second-largest meme coin by market capitalization, has been experiencing a surge in daily active addresses. This significant increase, with over 3,500 active addresses representing a 13% rise, indicates a growing interest in the asset. The uptrend could potentially lead to a price rally, as it signifies an increase in demand from investors.
Recently, Solana-based investment products have faced a challenging time in terms of investor confidence. This shift in sentiment was triggered by a network outage that lasted five hours earlier in the month. The outage was caused by a bug that led to transactions entering an infinite loop, resulting in a disruption of the network’s functionality.
The crypto analyst, Rager, has recently shared some valuable insights for investors looking to navigate the volatile world of Bitcoin and Ethereum. According to Rager, the best time to go all in on these cryptocurrencies will be around the Bitcoin Halving. He emphasizes the importance of waiting for a pullback in prices before making any
Is it possible for Bitcoin ETFs to outshine gold ETFs in terms of size and popularity? According to analysts at Bloomberg, this scenario could become a reality in the near future. In a recent post, Bloomberg ETF analyst Eric Balchunas highlighted the rapid growth of Bitcoin ETFs compared to the decline in assets of gold
As the price movement of Bitcoin stabilizes and the market uncertainty persists, there are mixed opinions on the future of BTC. While some anticipate a crash, others, like Cryptocurrency analyst Crypto Jelle, are confident in a potential upward surge. Amidst bearish speculations, Jelle’s analysis on the social media platform X offers a bold prediction regarding
The Saudi Ministry of Culture, in collaboration with droppGroup and Oracle, has unveiled a groundbreaking initiative called the ‘Cultural Universe’. This innovative project is a national Metaverse platform aimed at showcasing and exploring Saudi culture and heritage. Utilizing cutting-edge technology such as Generative Media Intelligence (GMI) AI system, droppPhygital, and Hyperledger Fabric 2.5 blockchain technology,
A group of Senate Republicans, led by Senator Ted Cruz of Texas, has recently initiated legislative efforts to limit the Federal Reserve’s ability to introduce a central bank digital currency (CBDC). This move has brought the issue to the forefront of discussions, potentially making it a significant topic in the upcoming 2024 presidential campaign. Senator
