Category: Blockchain

Shiba Reaches All-Time Following a Price Surge More Than 46%

Shiba Inu (SHIB) reached an all-time high over the weekend, following a price surge of more than 46% in just two days to become the 11th-biggest cryptocurrency by market value. SHIB was up 50% in the 24 hours through 10:10 am New York time on Sunday, according to data from CoinGecko.com, and reached a record

ProShares Bitcoin Futures ETF Wants Exemptions from Trading Limits

Less than a week after ProShares (a U.S. provider of specialized exchange-traded products like leveraged, inverse and volatility exchange-traded instruments) launched its futures Bitcoin ETF. It wants to change the way the new product operates. Michael Sapri, the CEO of ProShares, recently had an interview with Barron’s media and stated that that the company has

Iota Floats Smart Contracts Beta with Zero Execution Fee

The Iota Foundation has launched its smart contract functionality which it said is now available in IOTA 2.0 DevNet. As unveiled by the blockchain network, the smart contract functionality empowers developers to build decentralized applications (dApps) and other Web3 innovations in one of the industry’s most economic networks. “Our objectives with IOTA Smart Contracts are

Bitcoin’s Percent Balance on Exchanges Hits a 3-Year Low Amid Open Interest Breaking the Record at $19B

Bitcoin (BTC) has been on a roller coaster ride because it recently set a new all-time high (ATH) price of $66,952 after breaching the previous record of $64,800 achieved in mid-April.  Meanwhile, the Percent Balance of Bitcoin on exchanges has been down-trending after hitting a three-year low of 13%. This is bullish because it signifies

Walmart Installing Bitcoin ATMs in its Retail Stores

Walmart Inc, the world’s largest retailer, announced on Thursday, October 21, that customers at some of its U.S. stores will be able to buy Bitcoin using ATMs installed by Coinstar.   Walmart stated that it has begun a pilot program where consumers can purchase Bitcoin as Coinstar kiosks in some of its U.S. stores. Molly Blakeman,

Bitcoin Corrects after Hitting ATH at the $66,900 Level, Holders Remain Unfazed

Bitcoin (BTC) recently achieved a significant milestone of setting a new all-time high (ATH) price at the $66,900 level after 189 days of waiting. Nevertheless, the leading cryptocurrency is facing a correction, having retraced to the $63,349 area during intraday trading, according to CoinMarketCap. Despite this trend, holders remain unperturbed if history is to repeat

Total Value Locked in DeFi on Ethereum Crosses $100 Billion as ETH Address Profitability Clocks 100%

Ethereum (ETH) recently breached the psychological price of $4,000, bringing it a stone’s throw away from its all-time high (ATH) level of $4,350. The second-largest cryptocurrency based on market capitalization has been experiencing an uptick in activities, given that it is in high demand from sectors like decentralized finance (DeFi) and non-fungible tokens (NFTs). Reportedly,

U.S. Houston Firefighter’s Pension Fund Invests $25 Million in Bitcoin and Ethereum

Houston Firefighter’s Pension Fund has stated that it made some significant investment into the crypto space, another sign that retirement investments are taking crypto assets seriously despite regulatory concerns. The Houston Firefighters’ Relief and Retirement Fund announced on Thursday, October 21, that it bought $25 million worth of Bitcoin and Ethereum through the assistance of

Bitcoin’s Growth is Fueled by Inflation Fears, JPMorgan Strategists say

Strategists from American multinational investment bank, JPMorgan Chase have pointed out that the latest surge in the price of Bitcoin (BTC) is more likely driven by the acknowledgement of the role of BTC as a hedge against inflation. The strategists, led by Nikolaos Panigirtzoglou discounted the likelihood that the hype around the launch of BITO,