Anthony Scaramucci predicts that the next presidential candidate will be pro-crypto and that a Bitcoin ETF will happen by the end of 2022, given recent developments on Capitol Hill. Anthony Scaramucci, the founder of the hedge fund SkyBridge Capital, thinks that the next United States presidential candidate will likely be pro-cryptocurrency, given that the U.S....Continue Reading

The acquisition, totaling roughly $1.5 billion, will be used to further backstop Terra Luna’s algorithmic stablecoin UST. Luna Foundation Guard (LFG), a Singapore-based nonprofit tied to the Terra Luna ecosystem, has raised another $1.5 billion to further expand its already hefty Bitcoin (BTC) reserves. The raise allowed LFG to acquire 37,863 BTC via over-the-counter swaps...Continue Reading

The company expects a hash rate of 5.5 EH/s by the end of 2022, anticipating that access to an additional 600 MW of power capacity “in the coming years” will produce 20 EH/s. Crypto mining company Argo Blockchain’s plans to open a data center in West Texas are likely nearing completion following an inauguration ceremony....Continue Reading

The S&P 500 and Nasdaq sees substantial losses on the day as Fed-induced gains evaporate. Bitcoin (BTC) lost almost $1,000 in the first hour of Wall Street trading on May 5 as a brief rally ended in disappointment. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Nasdaq drops 4% on post-Fed open Data from Cointelegraph Markets...Continue Reading

Moonbirds contributed half a billion in trading volume in April, while Solana registered a 91% surge in NFT trading volume month over month. Solana and Moonbirds came to the rescue of the bearish nonfungible token market in April after a six-week cooldown phase. According to DappRadar’s monthly report, the NFT market recorded a multimonth trading...Continue Reading

How can fashion and crypto mix in a practical yet innovative way so that even Phillip Plein’s mother can understand crypto and NFTs? In an attempt to bring the fashion industry into new innovations and trends, many brands are entering the cryptoverse to test out the waters. Fortunately, the crypto industry has its arms wide...Continue Reading

A Qualtrics report carried out by Coinbase shows that the number of Brits who have bought crypto is up 4% to 33% since October 2021. Bitcoin (BTC) number go up technology is boosting crypto adoption in the United Kingdom. More and more Brits are buying cryptocurrency according to a Coinbase research piece carried out by Qualtrics. The...Continue Reading

Crypto market correlation and Valkyrie’s Avalanche fund launch also helped push AVAX to a weekly high. Avalanche (AVAX) has rebounded strongly five days after testing a key inflection area as its support. Now, the AVAX/USD pair faces the possibility of continuing its upside retracement move further into Q2. A 30%-plus move ahead? AVAX’s price surged...Continue Reading

U.S. Senators requested Fidelity to explain how the firm is planning to address the risks of adding Bitcoin into retirement accounts by May 18. The United States government is growing increasingly concerned about Bitcoin (BTC) in retirement savings, with two Senators flagging some issues in Fidelity Investments’ plans to include Bitcoin (BTC) in 401(k) accounts....Continue Reading

Binance is among 18 co-investors in Elon Musk’s Twitter acquisition alongside firms like Sequoia Capital Fund and Fidelity Management and Research Company. Major crypto exchange Binance has participated in Elon Musk’s $44 billion acquisition of Twitter, according to data filed with the United States Securities and Exchange Commission. On May 5, Musk filed an amended...Continue Reading