Shares of Rumble, a tech company, have surged about 300%, reaching 52-week highs, largely due to a significant $775 million investment from Tether Limited, known for its stablecoin Tether. This influx of cash has eased investor concerns about Rumble’s liquidity challenges as it pursues ambitious goals to compete with giants like YouTube and AWS. Despite ...
Rumble, a tech company listed on NASDAQ as RUM, has seen its stock price rise dramatically, increasing around 300% since January, largely due to a $775 million investment from Tether, the firm behind the popular stablecoin. Tether, valued at nearly $140 billion, is the third-largest cryptocurrency but offers stability unlike Bitcoin and Ethereum. Rumble aims ...
Rumble, a technology company, has seen its stock surge by about 300% to reach 52-week highs, largely due to a significant $775 million investment from Tether, the issuer of the popular stablecoin. Tether, the third-largest cryptocurrency by Market cap, ensures that its stablecoin maintains a consistent value, which attracts investors seeking stability in the crypto ...
Arthur Hayes, co-founder of BitMEX, forecasts that Bitcoin could reach an astonishing $1 million in this Market cycle, driven by significant global monetary expansion. In a recent interview, he attributed the potential rise to governments printing vast amounts of money to maintain economic stability amidst slowing growth. While Bitcoin is currently trading around $94,244, Hayes ...
Arthur Hayes, the co-founder of BitMEX, predicts that Bitcoin could soar to an astonishing $1 million by the end of the current Market cycle. In an interview, he attributes this potential surge to the massive increase in money supply as governments print more money to stimulate their economies. Hayes suggests we are in a critical ...
China’s government announced plans to lower import tariffs on ethane and certain recycled materials, including copper and aluminium, starting January 1. This decision aims to increase imports of high-quality products, boost domestic demand, and support green development initiatives. Additionally, the Ministry of Finance revealed that temporary tariffs below standard rates would apply to 935 items. ...
Bitcoin experienced a 3.63% decline after a promising bounce earlier in the week, coinciding with the expiration of $14.5 billion in options on Deribit. Despite some signs of support, like the price not closing below certain Fibonacci levels, the overall performance remains weak, marked by low trading volume and resistance in technical charts. Ethereum is ...
Today, the cryptocurrency Market is bracing for significant volatility after the largest Bitcoin options expiry in history, with over $14 billion in contracts ending. This expiry accounted for 70% of the total open interest for Bitcoin options, according to Deribit, a major cryptocurrency derivatives exchange. High open interest typically indicates active participation in the Market. ...
Today marks a significant event in the cryptocurrency world, as Bitcoin options worth over $14 billion have expired, marking one of the largest expirations in history. This massive expiry, which represents 70% of Bitcoin’s total open interest, could lead to increased volatility in the Market. Currently, the put/call ratio indicates a bullish sentiment among traders, ...
The Brooklyn District Attorney’s Office is actively fighting cryptocurrency scams, particularly aiming to protect the Russian-speaking community in Brooklyn. After identifying over 1,200 victims, the office dismantled a fraudulent network by seizing mail servers from scammers, which led to alerts being sent to individuals potentially affected. Many victims were tricked into investing through deceptive ads ...
