Category Archives: Blockchain

Bybit introduces SUI to its on-chain earn platform

Bybit introduces SUI to its on-chain earn platform

Bybit, one of the leading cryptocurrency exchanges, has expanded its On-Chain Earn platform by adding support for SUI, the native token of the Sui blockchain, which is currently ranked as the 20th largest cryptocurrency by market capitalization. This addition to Bybit’s platform allows users to stake SUI directly on the blockchain and participate in securing […]

Billionaire Ray Dalio backs Bitcoin and Gold over debt assets

Billionaire Ray Dalio backs Bitcoin and Gold over debt assets

Billionaire investor Ray Dalio has expressed increasing concerns about global indebtedness, urging investors to consider pivoting toward “hard money” assets like gold and Bitcoin instead of traditional debt instruments such as bonds. Speaking at a financial conference in Abu Dhabi, Dalio highlighted the unsustainable nature of rising debt levels in major economies, including the United […]

Binance will launch the SPX6900 USDT Perpetual Contract on December 10

Binance will launch the SPX6900 USDT Perpetual Contract on December 10

Binance has announced the upcoming launch of SPX6900 as a USDT Perpetual Contract, set to go live on December 10 at 12:45 UTC. This new contract, dubbed SPXUSDT, will be available with up to 75x leverage, enabling traders to potentially amplify their positions. Binance’s decision to list SPX6900 as a perpetual contract comes alongside the […]

The AI tokens market drops 14.6% as Nvidia faces an anti-trust probe in China

The AI tokens market drops 14.6% as Nvidia faces an anti-trust probe in China

The market for AI-related cryptocurrencies experienced a sharp downturn, with a 14.6% drop in total market cap over the course of a single day, primarily driven by news of an anti-trust investigation into Nvidia, the leading maker of AI chips. This investigation was launched by China’s State Administration for Market Regulation, and it alleges that […]

Binance, Upbit, and Bithumb are set to list the Magic Eden token on December 10

Binance, Upbit, and Bithumb are set to list the Magic Eden token on December 10

On December 10, 2024, three major cryptocurrency exchanges—Binance, Upbit, and Bithumb—are set to list Magic Eden’s native token, ME, marking a pivotal moment for the Solana-based NFT marketplace. These listings are expected to drive significant trading volume and further bolster the token’s presence in the global crypto space, given the prominence of these exchanges and […]

MOVE surges by 50%, driven by prominent exchange listings

MOVE surges by 50%, driven by prominent exchange listings

The Movement (MOVE) token has experienced a remarkable 50% surge in just 24 hours, defying the broader market downturn. At the time of writing, MOVE is trading near the $1 mark, with the token reaching an all-time high of $1.45 earlier today, alongside a market capitalization of $3.15 billion. This meteoric rise is primarily attributed […]

Google has unveiled a quantum computing chip. Does this pose a threat to Bitcoin?

Google has unveiled a quantum computing chip. Does this pose a threat to Bitcoin

Google recently unveiled Willow, its first quantum computing chip, which has generated significant excitement in the tech world. While Willow marks a groundbreaking achievement in the field of quantum computing, many have raised concerns about whether this new technology poses a threat to Bitcoin and other cryptocurrencies. However, at this stage, quantum computing is not […]

Russian State Deputy Urges Finance Minister to Create Bitcoin Strategic Reserve

Russian State Deputy Urges Finance Minister to Create Bitcoin Strategic Reserve

A Russian state deputy, Anton Tkachev, has formally called on the country’s Minister of Finance, Anton Siluanov, to consider creating a Bitcoin strategic reserve. This proposal comes amid growing concerns over the impact of Western sanctions on Russia’s economy and financial systems. Tkachev’s initiative aims to treat Bitcoin as an asset in the national reserves, […]

Whale Doubles Down on Ethereum with $7M Buy

Whale Doubles Down on Ethereum with $7M Buy

An Ethereum whale has made a substantial purchase, acquiring 1,800 ETH valued at $7 million, according to on-chain data from Lookonchain. The purchase occurred when the price of Ethereum was hovering around $3,900. This acquisition is part of a larger trend, as the whale has been actively accumulating Ethereum over the past few months. Since […]

Genius Group Expands Bitcoin Holdings to $18M in Bitcoin Reserve

Genius Group Expands Bitcoin Holdings to $18M in Bitcoin Reserve

Genius Group has significantly increased its Bitcoin holdings, acquiring 194 Bitcoin worth approximately $18 million at an average price of $92,728 per Bitcoin. This strategic move is in line with the company’s “Bitcoin-first” approach, which aims to commit at least 90% of its reserves to Bitcoin. The company has set a target of $120 million […]