The cryptocurrency Market is rapidly expanding, with its value growing from USD 5.08 billion in 2023 to a projected USD 15.39 billion by 2032, reflecting a compound annual growth rate (CAGR) of 13.13%. Key drivers include increasing technological innovations, rising institutional investments, and the surge of decentralized finance (DeFi) solutions. Major companies like Tesla and ...
Foundry, a major Bitcoin mining firm, has laid off about 60% of its employees, reducing its workforce from 250 to around 80-90. This decision, affecting staff in the U.S. and internationally, is part of a strategic realignment despite the company expecting to generate $80 million from its self-mining operations this year. Foundry, which is a ...
XRP, the token associated with Ripple Labs, surged dramatically to become the third-largest cryptocurrency following Donald Trump’s election victory. It jumped 32% in value to $2.87, boosting its Market cap to over $154.6 billion from less than $30 billion in just weeks. This price spike was fueled by heavy buying from overseas, particularly in South ...
The U.S. government recently transferred around 20,000 Bitcoin, valued at approximately $1.9 billion, from a wallet linked to the Silk Road to Coinbase. This wallet still holds about $18 billion in Bitcoin. The move included a small test transfer of 0.001 Bitcoin before the substantial transfer to an intermediary wallet and then to Coinbase. This ...
On Monday, Bitcoin’s price stayed around $96,000 after recovering from a recent dip. Ethereum climbed above $3,454 and aims to reach the $4,000 mark. Meanwhile, Ripple continues its impressive performance, gaining over 60% last week and trading above $2.41. Bitcoin saw a 7% drop last week but bounced back, indicating a potential move toward its ...
Tom Lee, a renowned financial analyst, predicts that Bitcoin could reach as high as $250,000 in the next 12 months, largely due to its potential recognition as a strategic reserve asset by the U.S. government. This move would not only enhance Bitcoin’s legitimacy but also position the government as the largest holder of the cryptocurrency. ...
Bitcoin's surge towards a record high is losing steam as betting markets show a decline in election odds for pro-crypto Republican nominee Donald Trump. This shift could be impacting investor confidence in the cryptocurrency.
