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Hulk Hogan’s meme coin crashes 85%, raising concerns about celebrity-backed cryptocurrencies

Celebrity meme coins are back in the headlines, basking in the somewhat recovered glow of the market. However, not all that glitters is gold—or in this case, cryptocurrency. Hulk Hogan’s entry into the crypto world with his Solana-based meme coin, HULK, has just taken a brutal beating, experiencing an 85% drop in value. What was […] дальше »

2024-6-7 13:29


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Tether reports record $4.52 billion profit in Q1 despite shrinking market share

Stablecoin issuer Tether (USDT) achieved a historic net profit of $4. 52 billion in the first quarter despite facing a significant drop in market share. Record net profit According to the attestation report shared with CryptoSlate, the firm’s substantial profits chiefly originated from its US Treasury holdings, supplemented by gains from its Bitcoin and gold investments. дальше »

2024-5-2 20:29


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Bitcoin is More of a Gold Substitute than the Dollar, Fed Chair Powell Says

The Chair of the US Federal Reserve argues that while Bitcoin (BTC) is too volatile to be considered money and is “backed by nothing,” it could be a substitute for gold. He also recently made a statement on Bitcoin, which has affected the asset’s price seeing it drop by $1,000. Powell’s View on Cryptocurrencies InRead More дальше »

2021-3-24 16:30


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Bitcoin Critics Lampoon Latest Price Plunge, Claim Whales Are Responsible

Many crypto market pundits are sure that the Bitcoin price will skyrocket sometime after the halving, they claim six months to two years for Bitcoin to soar past a new all-time high price. However, in reaction to the recent price drop, Gold bug, and Bitcoin-hater, Peter Schiff uncovers the possible whale’s inner sentiment. The large […] дальше »

2020-5-10 14:37


Gold on Track for Biggest Weekly Drop in 7-Years, Acting As A Better Safe Haven than BTC

A day before the market went into a full-on panic mode because of Bitcoin price crashing nearly 45%, BitMEX CEO Arthur Hayes published a regular note on March 12th on his exchange where he talks about how despite trading below $8,000 Bitcoin outperformed most global equity indices in 2020. But not anymore. The world’s leading […] дальше »

2020-3-14 20:55