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The crypto market today was swept into a sharp selloff ahead of Black Friday, as global risk aversion surged. Thereby, leading to billions being wiped from the industry’s valuation in a matter of hours. From Bitcoin and Ethereum to sector indices, almost every corner of the crypto ecosystem turned n…
Bitcoin falls to a seven-month low after declines in U.S. stocks overnight on renewed concerns over an AI bubble. Nvidia's shares handed back gains Thursday, leading other tech stocks lower, after its earnings only briefly allayed worries over heavy spending in AI. "Adding to the negative backdrop f…
Dogecoin started a fresh decline below the $0.1550 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.1560.DOGE price started a fresh decline below the $0.150 level.The price is trading below the $0.150 level and the 100-hourly simple moving average.There is …
Crypto.com, one of the world’s leading crypto platforms, has announced a strategic partnership with the VerifiedX (VFX) Network to improve how large amounts of digital assets are stored and moved.The partnership covers $1.5 billion worth of assets, showing how serious both companies are about buildi…
Numerai raised $30 million in a Series C round led by top university endowments, giving the AI-driven, crypto-incentivized hedge fund a $500 million valuation — five times its valuation in 2023. Following the announcement, Numeraire (NMR), the token that powers the platform’s crowdsourced prediction…
VerifiedX, a decentralized Layer 1 network and Bitcoin sidechain, announced Thursday it has selected Crypto.com to provide institutional custody and liquidity solutions for $1.5 billion in assets.According to a statement, the partnership will allow eligible institutions operating on the VerifiedX (V…
The US Securities and Exchange Commission’s Crypto Task Force has scheduled a roundtable discussion centered on privacy and financial surveillance for December, as a renewed focus on privacy grips the cryptocurrency industry.The privacy roundtable is slated for Dec. 15. Like other SEC roundtables, c…
Analysts at William Blair doubled down on their Outperform rating for Jack Dorsey's Block (ticker XYZ) on Thursday, arguing the company is “innovating at a meaningfully faster pace” than other fintech firms and remains undervalued as its execution improves.Block shares closed just below $62 on Thurs…
The latest crypto market correction — intensified by bitcoin’s slide below JPMorgan’s estimated production cost or support level of $94,000 — is being driven mainly by retail selling of spot bitcoin and ether ETFs rather than crypto-native traders, according to the bank’s analysts."While crypto nati…
Crypto pundit Andrea has shared a 3-month scenario for Bitcoin that shows the flagship crypto could suffer a massive crash. This crash is expected to follow BTC’s rebound and an end-of-year rally to new highs. Pundit Projects Bitcoin Crash To $60,000 After Rebound To New HighsIn an X post, Andrea sh…
Crypto fund issuer 21shares launched a new, leveraged Dogecoin ETF on Thursday as FalconX's acquisition of the company was finalized."The combination of FalconX's institutional trading and risk management platform with 21shares' leadership in exchange-traded products puts us in an even stronger posi…
The crypto market fell sharply today, wiping billions from major assets within hours. Bitcoin dropped to around $88,650, down more than 12% this week, while Ethereum slipped to $2,905 after a 14% seven-day decline. XRP also retreated to $2.05, extending its weekly losses to nearly 16%. The global ma…