Investors in Nike (NKE) can hardly call 2024 a successful year:→ while the S&P 500 index (US SPX 500 mini on FXOpen) has risen by over 20% since the beginning of the year and is hovering near historic highs,→ the price of NKE shares has dropped by about 20% in 2024 and is now more […]
Fed Rate Cuts Spurs $1.6 Billion Bitcoin Buying Spree Among Whales, Can BTC Reach $70,000?
The Fed rate cuts have boosted the confidence of Bitcoin investors, with whales buying up to 1.6 billion BTC since the macro decision. With such a bullish outlook, there is the possibility that the flagship crypto can soon reach $70,000. Fed Rate Cuts Prompt Buying Spree Among Bitcoin Whales The Fed rate cuts have prompted […]
Bitcoin Rebound Spurs Surge in Stablecoin Minting
Matrixport’s latest chart reveals that as Bitcoin prices rebound, the minting of stablecoins has accelerated in tandem, indicating a steady influx of fiat currency into the cryptocurrency market. While the 7-day minting ratio remains volatile, the current inflow of funds has significantly increased compared to the weak period earlier this summer. T
Bitcoin On-Chain NFT Sales Surpass $4.5 Billion
The total sales of Bitcoin on-chain NFTs have exceeded $4.5 billion, reaching $4,501,727,121 at the time of writing. This places Bitcoin third in terms of on-chain NFT sales, following Ethereum ($44.304 billion) and Solana ($5.847 billion). Additionally, the total transaction volume for Bitcoin on-chain NFTs has reached approximately 3.807 million
Arthur Hayes: Bitcoin Performs Well Over the Weekend, Time to Trade Meme Coins
BitMEX co-founder Arthur Hayes shared his market outlook on social media, stating that Bitcoin performed well over the weekend and suggesting that it is now a good time to trade meme coins. Earlier, during his keynote speech at the TOKEN2049 conference in Singapore, Hayes predicted that the market would first experience a crash following interest [
STEPN GO and adidas expand their partnership with Genesis NFT Sneaker collection
Sydney, Australia, September 23rd, 2024, Chainwire FSL, creators of STEPN GO, announce the continuation of their exciting collaboration with adidas through the launch of the STEPN GO x adidas Genesis Sneakers, an exclusive NFT collection. This is the second phase of a year-long partnership, following the successful April 2024 launch of the STEPN x
Ethereum Network’s Active Account Count Drops to Lowest Level Since December 2023
In early September, Ethereum’s average transaction fees fell below $1 for the first time since July 2020. However, over the past few weeks, Ethereum’s 7-day moving average transaction fees have surged, with the latest figure reaching $3.52 on September 21, more than three times the $0.85 recorded on September 1. The rise in transaction fees [&helli
South Africa’s Cryptocurrency Market Revenue Expected to Reach $246 Million in 2024
South Africa became the first African country to issue licenses for cryptocurrency exchanges. In 2021, the country began exploring a separate regulatory framework for cryptocurrencies, with plans to implement it by 2022, aiming to establish final regulations within that year. According to a report by Statista, revenue from South Africa’s cryptocurr
Crypto Exchanges in AU Require Financial Licenses Starting in 2024: ASIC Expands Act
Australian regulators are reportedly drafting new legislation that will require cryptocurrency exchanges to obtain financial services licenses. This will expand the current licensing requirements, which apply primarily to digital currency exchanges. The Australian Financial Review (AFR) shared details of these upcoming changes. Further Crypto Regul
Motherland Casino: Iggy Azalea’s New Project to Boost MOTHER Token
This November, rapper Iggy Azalea is set to launch an online casino, Motherland, powered by her MOTHER memecoin.