Author: RareHippo News
BItcoin prices have been on a wild ride this year, and they are set to finish 2021 sharply higher than where they began it. One bitcoin currently trades for just under $49,000, a stunning surge of 66% from January levels. But the top crypto is also down nearly 30% from its record high of almost $69,000 hit in November. So what’s next for bitcoin and other cryptocurrencies? There is no denying that crypto has gone mainstream. The total value of all cryptocurrencies in circulation stands at more than $2.2 trillion, with bitcoin accounting for about $920 billion of that total. Ethereum, or ether, is starting to…
Cryptocurrency exchange Binance said on Tuesday it had signed a cooperation deal with Dubai World Trade Centre Authority, which is working to set up an international virtual asset ecosystem. The Dubai World Trade Centre (DWTC) said on Monday that it will become a crypto zone and regulator for cryptocurrencies and other virtual assets, as the United Arab Emirates seeks to attract new business amid regional competition. Binance, the world’s biggest cryptocurrency exchange by trading volumes, said in a statement that it intends to assist the development of virtual asset regulations in Dubai. “The goal is to help crypto exchanges, or…
Bitcoin recovered some losses from Monday, trading above $48,000 on Tuesday. But the optimism may be short-lived as trading volume remained low. Data compiled by CoinDesk shows that bitcoin’s trading volume across major centralized exchanges on Tuesday was down from a day ago, reflecting a conservative view among traders. The U.S. Federal Reserve is expected to release its decision on Wednesday on whether it will move faster to wind down its bond purchases and signal if it will start raising interest rates next year. The stock market extended its losses on Monday as investors were closely monitoring the Fed’s upcoming decision. “It is a…
Meta Platforms Inc’s (FB.O) cryptocurrency wallet, Novi, will allow users to send and receive money through the social media giant’s messaging app, WhatsApp. The pilot program is open to a limited number of people in the United States, Novi head Stephane Kasriel said in a tweet late on Wednesday. Using Novi does not change the privacy of WhatsApp personal messages and calls, he said. Meta Platforms, formerly Facebook, has been working on the wallet app for several months, while scaling back its global plans for rolling out a digital currency called Diem on regulatory concerns. Read original story on Reuters
David Marcus, the head of Facebook parent company Meta’s cryptocurrency efforts, announced on Tuesday he will be leaving the company at the end of the year. Marcus’s departure comes after the company tried and failed to launch a cryptocurrency that could be used to send money online to anyone in the world via Facebook products. Marcus joined Meta, the company formerly known as Facebook, in August 2014 after a two-year stint as president of PayPal. Marcus’s initial role at Facebook was as vice president in charge of the company’s Messenger service. He left the Messenger division to launch Facebook’s financial projects unit…
Bitcoin and cryptocurrency prices have rocketed over the last year, fueling a surge of interest in the digital asset space as traders and investors pile in. Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and discover hot new NFT and crypto blockbusters poised for 1,000% gains’ The bitcoin price is now trading at just under $60,000 up from under $20,000 this time last year—with bullish investors predicting the price of bitcoin, as well as the price of some smaller cryptocurrencies, will continue to climb. Ahead of the latest price surge—propelling the bitcoin and crypto market to around $3 trillion from…
The Avalanche cryptocurrency has surged in the past several days, taking it briefly into the top 10 by market value and surpassing Dogecoin and Shiba Inu, after a deal related to improvement of U.S. disaster-relief funding. The Avalanche token, AVAX, reached a record $144.96 on Sunday before paring some gains, according to pricing from CoinGecko, and now sits at number 11 in market-value ranking at about $29 billion — between memecoins Dogecoin and Shiba Inu. It surged after creator Ava Labs last week announced a partnership with Deloitte to build more efficient disaster relief platforms. “It’s another example of faster,…
It’s a hazy late-summer evening when Sam Bankman-Fried drifts into Electric Lemon, a “clean, conscious” eatery on the 24th floor of the five-star Equinox Hotel in Manhattan’s Hudson Yards complex. The 29-year-old cryptocurrency billionaire has jetted in from Hong Kong in part to cohost this private party but nonetheless tries to slink to the corner of the room unnoticed. His standard attire—black hoodie, gray khaki shorts, beat-up New Balances—might be camouflage on the streets below, but in this sea of cufflinks and cocktail dresses he stands out even more than 6-foot-9 Obi Toppin, the New York Knicks power forward who’s…
Bitcoin has lost almost 20% in less than two weeks, proving that extreme volatility remains a hallmark of crypto investing. Yet in the world of Bitcoin, it’s largely business as usual with bullish conviction intact — in contrast to traditional markets where moves on this scale are met with alarm. The largest cryptocurrency edged higher after earlier slipping as much as 3.4% to $55,663 on Friday. “This correction seems more like a natural breather in a bull run, as well as a healthy flushing out of leverage,” said Noelle Acheson, head of market insights at Genesis Global Trading. “Meanwhile, mainstream…
The stadium that is home to the Los Angeles Lakers is getting a new name: the Crypto.com Arena. The name reflects the arena’s new sponsorship agreement with a Singapore-based cryptocurrency trading platform. That may be good news for cryptocurrency fanatics – but perhaps not so much for another faction within the digital landscape: cryptographers. Look up the word “crypto” in Webster’s dictionary, and you’ll see it refers to cryptography, which in turn is defined as “the computerized encoding and decoding of information”. Search “crypto” on Google, however, and you’ll see a host of top results pointing to cryptocurrencies like bitcoin…