The price of Bitcoin, the world’s leading cryptocurrency, has experienced a remarkable surge in 2019. From its year-opening value of around $3,500, Bitcoin skyrocketed to over $10,000 in just a few months. This dramatic rise has fueled optimism among analysts, with some predicting a continued upward trajectory in the coming years. One such analyst, a former skeptic who has become a vocal proponent of Bitcoin, believes the […]
The U.S. Department of the Treasury has proposed a new tax framework for digital assets, targeting both environmental impact and tax avoidance within the cryptocurrency industry. The plan, which aligns with President Biden’s previously outlined budgetary goals, introduces a novel 30% excise tax on the electricity consumption of cryptocurrency miners. Additionally, the proposal aims to close existing loopholes exploited through wash trading, a practice where investors buy […]
A revolutionary initiative at the forefront of combining high-end fashion with cutting-edge technology: the world’s first watch accompanied by exact digital counterparts. Athens, Greece – March 12, 2024 — A unique combination of classical horological craftsmanship with advanced blockchain technology establishes this unconventional timepiece as the connecting link of tangible reality with the rapidly expanding metaverse. While technological advances are constantly shaping our landscape, Monovant has noticed […]
The Abu Dhabi-based global investment platform, Investopia, kicked off its third annual conference on February 28th. Themed “Emerging Economic Frontiers: Investing in the New Economy Growth Sectors,” the summit brought together a diverse group of investors, government officials, entrepreneurs, and economic experts to explore opportunities and strategies for capitalizing on the latest economic trends. The conference focused on identifying and analyzing promising new sectors that are driving […]
The cryptocurrency market witnessed a surge on Monday as Bitcoin, the world’s leading digital asset, shattered its previous all-time high, reaching a staggering $71,000. This record-breaking feat comes just weeks after Bitcoin surpassed the $69,000 mark, a level it hadn’t seen since November 2021. Analysts attribute this latest price increase to several converging factors. The recent launch of several US-based Bitcoin exchange-traded funds (ETFs) is believed to […]
Bitcoin Ordinals, a novel way of inscribing data like images and text directly onto individual satoshis (the smallest unit of Bitcoin), have witnessed a significant surge in popularity in recent months. According to a new report, the total sales volume of these Ordinals reached a staggering $1.6 billion over the past three months, with over 200,000 unique buyers participating in the market. While the leading cryptocurrency exchange […]
The London Stock Exchange (LSE) announced a significant move towards cryptocurrencies, signaling a potential gateway for institutional investors. Starting from Q2 2024, the exchange will begin accepting listing applications for exchange-traded notes (ETNs) based on Bitcoin and Ethereum, two of the world’s leading digital assets. This decision caters to the growing demand from institutional investors seeking exposure to the crypto market without the complexities of directly acquiring […]
BingX, a leading cryptocurrency research platform, has published its highly anticipated report on Token Investment Outlook for March 2024. SINGAPORE – Media OutReach Newswire – 11 March 2024 – BingX, a leading cryptocurrency research platform, has published its highly anticipated report on Token Investment Outlook for March 2024. The report provides valuable insights into the current trends and investment opportunities in the cryptocurrency market. Bitcoin, the flagship […]
Investors are keeping a close eye on Bitcoin as Santiment, a blockchain intelligence firm, reveals a shrinking supply of the cryptocurrency on exchanges. This trend suggests a potential decrease in overall availability, which could influence Bitcoin’s price in the near future. The concept hinges on basic principles of economics: supply and demand. When a readily available good or service becomes scarcer, its value tends to rise as […]
RIYADH, SAUDI ARABIA – Media OutReach Newswire – 7 March 2024 – Sahm Capital Financial Company, a leading brokerage firm licensed by the Saudi Capital Market Authority (No: 22251-25), showcased its all-in-one comprehensive trading solutions at booth H1A.C100 in LEAP 2024, a global technology event taking place in Riyadh. Throughout the four-day event, Sahm Capital also unveiled its latest AI-generated solutions, featuring an AI presenter named ‘Aliyah’, […]
Bitcoin mining, the process by which new bitcoins are created and transactions are verified on the blockchain network, is facing increased scrutiny due to its surging energy consumption. According to a recent report by Bloomberg, Bitcoin miners devoured a record 19.6 gigawatts (GW) of power last month, a significant jump from 12.1 GW in 2023. This insatiable demand for electricity has environmental advocates and some within the […]
HONG KONG SAR – Media OutReach Newswire – 8 March 2024 – Representing another significant participant in the Hong Kong’s virtual asset sphere, fintech company AnchorX has announced its official establishment and plan for exploration of Hong Kong Dollar (HKD)-backed stablecoin, AxHKD. AnchorX envisions becoming the most trusted provider of digital currency solutions in Asia, empowering reliable and efficient global exchanges. Industry leaders from both traditional finance […]
TunedCoin Announces Major Organizational Changes and White Paper Release Los Angeles, CA – March 8, 2024 — In a significant move that underscores its commitment to innovation and the future of music through blockchain, TunedCoin is excited to announce its transition from being a project under Tunedly to now being managed by the non-profit organization, Music Blockchain Research Foundation. This strategic shift marks a new chapter in […]
The Federal Bureau of Investigation (FBI) has revealed a significant rise in cryptocurrency investment fraud in 2023. According to their report, victims lost a staggering $3.94 billion to such scams, representing a 53% increase compared to the previous year. This surge comes amidst a broader decline in the cryptocurrency market, highlighting the evolving tactics of cybercriminals who continue to exploit investor interest in digital assets. While the […]
Retail investors are returning to the cryptocurrency market, signaling a potential thaw after a chilly period in late 2023. Data suggests a significant rise in user engagement. Compared to traffic levels between August and October last year, cryptocurrency exchange websites have seen a surge of 45% in visitors. Market data platforms like CoinMarketCap and CoinGecko, which provide users with information on cryptocurrency prices and trends, have witnessed […]
Bitcoin miners are reaping the rewards of the cryptocurrency’s recent surge in value. Data shows that daily revenue for miners hit a near-record high of $75.9 million on March 6th, trailing only the all-time high of $77.3 million reached on April 14th, 2021. This windfall comes on the heels of Bitcoin reaching a new peak of $69,200 just before the mining revenue spike. The close correlation between […]
Tether, the issuer of the world’s leading stablecoin USDT, has signed a Memorandum of Understanding (MOU) with Uzbekistan’s National Agency of Perspective Projects (NAPP). This collaboration signifies a significant step towards fostering crypto asset adoption and establishing a robust regulatory framework within the Central Asian nation. The MOU outlines a collaborative effort to explore and promote the development and adoption of various blockchain technologies in Uzbekistan. These […]
Avalanche, a prominent blockchain platform, has introduced a novel tool called “Teleporter” designed to foster seamless communication across its diverse network of subnets. This development, launched alongside the recent Durango upgrade, addresses a critical challenge within the blockchain landscape: network fragmentation. Subnets, essentially customized blockchains within a larger network, offer tailored solutions for specific use cases. Avalanche’s implementation of subnets allows developers to create application-specific chains catering […]
Dubai, UAE, March 6, 2024 – Bybit Web3, the cryptocurrency exchange’s arm dedicated to the decentralized web, announced a landmark collaboration with Solana, one of the fastest-growing blockchain ecosystems. This partnership will culminate in an exclusive livestream roundtable titled “Revolutionizing the Blockchain: Bybit and Solana Ecosystem’s Visionary Web3 Roundtable.” Scheduled for March 13, 2024, the online event promises an in-depth exploration of the innovations, growth, and future […]
Leading cryptocurrency derivatives exchange BloFin has cemented its position as a major player in the industry by securing a platinum sponsorship for the upcoming TOKEN2049 Dubai event. This sponsorship deal signifies BloFin’s commitment to fostering collaboration and growth within the global crypto ecosystem. TOKEN2049, scheduled to take place in Dubai later this year, is one of the premier gatherings for crypto industry professionals. The event brings together […]
Many cryptos are themselves valuable assets, bringing their owners additional income by simply growing in price over time. However, an even more effective way to build wealth is by putting crypto into practice, and that’s not trading we are talking about. The crypto expansion is significantly driven by the increased inflation experienced by fiat currencies, resulting in low interest rates globally. Countries with healthy economies target a […]
Tether, the company behind the popular USDT stablecoin, has unveiled a new tool designed to enhance user experience and asset security. This tool allows users to seamlessly migrate their USDT holdings across different blockchains in the event of any disruptions affecting an individual blockchain network. The primary function of this recovery tool is to facilitate the transfer of USDT tokens in situations where the blockchain network supporting […]
BingX QA, known for its innovative approach to cryptocurrency research, has unveiled the 2024 Airdrop Guide featuring Ethereum Layer 2, Bitcoin Layer 2, and Web3 Game tokens SINGAPORE – Media OutReach Newswire – 28 February 2024 – BingX QA, known for its innovative approach to cryptocurrency research, has unveiled the 2024 Airdrop Guide featuring Ethereum Layer 2, Bitcoin Layer 2, and Web3 Game tokens. In 2023, BingX […]
AlphaX Cryptocurrency Exchange Gets Listed Dymension Altcoin and ZetaChain Coin SINGAPORE – Media OutReach Newswire – 1 March 2024 – AlphaX, a leading cryptocurrency trading platform, is excited to announce the addition of three new coins and trading pairs: Dymension (DYM USD), Zetachain (ZETA USD), and Altcoin (ALT USD). This expansion signifies a significant enhancement in AlphaX’s offerings, showcasing the platform’s commitment to providing users worldwide with […]
