Despite the growing number of investors, only 10% held over $7,200 worth of digital assets in their crypto portfolios. Crypto investors saw a significant increase in South Korea, along with the profitability of the country’s digital asset exchanges. South Korean cryptocurrency investors stood at 7.78 million during the first half of 2024, an over 21%...Continue Reading

Bitcoin ETFs are making traders nervous due to their history of marking BTC price local tops in 2024. Bitcoin (BTC) needs to avoid a “local top” as institutions pile into the United States spot Bitcoin exchange-traded funds (ETFs). In a thread on X on Oct. 30, popular analyst Mark Cullen cautioned over potential “ETF FOMO.”...Continue Reading

DOGE is breaking out of a symmetrical triangle pattern with an ultimate price target hovering around $2. Dogecoin (DOGE) price surged by more than 75% in October to reach $0.172 ahead of the month’s close, its highest level since May 2024. The memecoin’s gains have appeared largely due to Elon Musk, who at Donald Trump’s...Continue Reading

The DeFi Report founder, Michael Nadeau, explained that most of the value that left Ethereum flowed to layer-2s that would continue to drive value to the layer-1 blockchain.  While Solana has been getting inflows from other blockchains, a large portion of the value that went to Solana made it back to Ethereum, according to Michael...Continue Reading

The GFTN is established as the second phase of Singapore’s fintech growth initiative, which focuses heavily on payments, asset tokenization, AI and quantum computing. The Monetary Authority of Singapore (MAS) has established the Global Finance and Technology Network (GFTN) as part of its ongoing effort to position Singapore as a global hub for fintech innovation....Continue Reading

Coinbase, a16z, Multicoin Capital, and Paradigm have filed an amicus brief supporting Beba LLC and DeFi Education Fund’s preemptive lawsuit against the SEC. Crypto firms and organizations have been filing supporting briefs in a lawsuit filed by a Texas apparel company and the DeFi Education Fund (DEF) against the United States Securities and Exchange Commission...Continue Reading

Meta and Microsoft have reported better-than-expected earnings for the last quarter carried by their AI businesses, but muted outlooks saw their shares drop after hours. Shares in Meta Platforms Inc. and Microsoft Corp both fell in after-hours trading despite strong Q3 earnings on Oct. 30, as executives reduced their earnings outlook and forecasted more AI...Continue Reading

Russia’s plan to build out Bitcoin mining in other countries could inspire other nations to do the same domestically.  Russia’s plans to construct Bitcoin mining and AI computing facilities in BRICS nations could inspire other nations to tap into state-owned resources to mine Bitcoin, says an industry analyst. “Game theory is now in motion,” Nico...Continue Reading

MicroStrategy’s stock price dropped after its Q3 earnings missed estimates, while an analyst forecasts more potential volatility after the US elections. Shares in MicroStrategy dropped around 5.9% after the firm’s third-quarter earnings fell slightly short of consensus estimates, while an analyst warns the stock could be in for additional headwinds after the United States election. ...Continue Reading

A public relations firm claims Satoshi Nakamoto will reveal their “legal identity” at an upcoming press conference, but spelling gaffes, broken links, and AI-generated press releases have raised eyebrows.  An unknown PR agency that claims to know the true identity of Bitcoin creator Satoshi Nakamoto says it will reveal this long-held secret in a press...Continue Reading