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The legendary dog-themed meme coin Shiba Inu has surged to a two-month high after the Robinhood trading platform listed the token; meanwhile, Bitcoin continues to struggle. Shiba Inu (SHIB) skyrocketed above its two-month $0.00003 high after the stock and crypto trading platform Robinhood announced that it would list the token. According to Statista, Robinhood has … Read more
The co-founder of the crypto analytics firm Glassnode says a spike in Bitcoin’s price is inevitable as BTC outflows from exchanges reach historic monthly highs of $4 billion. “Short-term BTC is fragile. Long-term higher prices are inevitable.”, Tweeted Yann Allemann, the co-founder of Glassnode, last Thursday, 7th April. Allemann analyzed the net unrealized profit/loss (NUPL) … Read more
The Bank of England (BOE) has joined the growing number of central banks, exploring the possibility of launching a CBDC after partnering with the Massachusetts Institute of Technology (MIT) for a joint research project. The twelve-month research project will explore the opportunities, risks, and challenges that introducing a Central Bank Digital Currency (CBDC) would entail … Read more
Bitcoin has broken above $43K and maintained an upward trend following news that the Terra Network invested millions in BTC. The Terra network is a dual-network platform that’s home to both the LUNA token and the UST stablecoin family. Terra has found itself in the spotlight among BTC investors due to the network’s plans to … Read more
Ethereum’s native token ETH has broken above $3,000 for the first time in two weeks as the cryptocurrency market experienced consecutive green days. After ETH hit its all-time high of $4,878 in November 2021, a bearish trend took hold, and by January 2022, it was under $4,000. The bearish trend that began in November continued … Read more
Ripple Labs, the global payments technology giant, says it’s committing around $800 million worth of XRP to grants sponsoring project’s use cases. Ripple made the announcement on Friday, 18th March. The company expects the grants to be distributed over the next two decades to various programs that are developing the open-source XRP ledger (XRPL). Projects … Read more