Elon Musk’s X will turn into PayPal?
According to Charles Gasparino, a correspondent for Fox Business News, Elon Musk is reportedly considering turning X (formerly Twitter) into a new payment system similar to an updated version of PayPal. This move would aim to offer lower transaction costs compared to credit cards and potentially monetize user information. Gasparino suggests that Musk has been […]
Crypto market remains steady despite Fed’s inflation concerns
The cryptocurrency market remains cautious following US Federal Reserve Chair Jerome Powell’s comments on high US inflation. Despite this, Bitcoin, Ether, and other top 10 non-stablecoin cryptocurrencies have held steady. JPMorgan Chase & Co. analysts report that the downward price momentum in the market has slowed. The Forkast 500 NFT Index experienced a gain after […]
Bitcoin mining difficulty skyrockets all-time high, here’s why?
Bitcoin mining difficulty has reached an all-time high, hitting 55.62 trillion hashes. Analysts believe that this increase indicates that miners view the current BTC price as fair or potentially undervalued. The mining difficulty level has been steadily rising since the Chinese crackdown in July 2021, which caused many mining operators to go offline. The next […]
PEPE token snags $529,000 worth during dip
A PEPE token whale took advantage of a dip in the memecoin’s value and purchased $529,000 worth of tokens. This transaction follows previous actions by the same whale, who bought 500 billion PEPE tokens for 280 Ethereum ($507,000) on June 5, 2023. The dip in PEPE’s value, which dropped by around 15%, was caused by […]
Ethereum faces hurdles at $1,700: whales accumulate amid uncertainty
The price of Ethereum (ETH) is facing difficulties in surpassing the $1,700 resistance level against the US Dollar. Despite this, there is evidence of Ethereum whales accumulating the cryptocurrency, while the $1,620 support level is seen as crucial. Currently, Ethereum is struggling to break above the $1,680 and $1,700 levels. It is trading below the […]
Binance CEO CZ clears the air on Bitcoin sell-off allegations
Binance CEO Changpeng Zhao, commonly known as CZ, has responded to allegations of a significant sell-off of Bitcoin (BTC) by Binance, which were linked to a 7% price drop. CZ addressed the accusations on Twitter and shared a thread by a user named ZkHopium, who presented a detailed analysis disproving the claims. The analysis focused […]
Why this place in Zurich is called The House of Satoshi
House of Satoshi is a Bitcoin club based in Zurich, Switzerland. It serves as a community hub where people come together to connect and discuss all things related to Bitcoin and blockchain. Members engage in conversations, share knowledge, and provide education within the community. This platform creates an environment for individuals to learn, teach, and […]
Coinbase to delist six cryptocurrencies, know why?
Crypto exchange Coinbase has announced that it will be delisting six cryptocurrencies from its platform. These cryptocurrencies include BarnBridge, DerivaDAO, Jupiter, Multichain, Ooki, and Voyager. The delisting will take effect on September 6, 2023, at 9 a.m. PT. This decision by Coinbase has led to a decline in the value of these assets. The delisting […]
Sam Bankman-Fried’s lawyers granted unlimited prison visits
FTX founder Sam Bankman-Fried’s lawyers have been granted permission to visit him in prison as they prepare for his defense, following the denial of his request for daily meetings at their Manhattan office. A federal judge issued an order stating that Bankman-Fried’s lawyers can take full advantage of legal visitation hours at the Metropolitan Detention […]
Why whales are accumulating these cryptos?
A whale has made notable purchases of Ethereum, Lido, Uniswap, and Aave, spending approximately 5 million USDT. The purchases include 557 ETH, 593,139 LDO, 413,727 UNI, and 17,203 AAVE. These investments by a single entity could be an indicator of bullish moves in the crypto market. The purchase of Ethereum aligns closely with the current […]