Bitfarms, the stock traded bitcoin miner has announced they bought 1,000 bitcoin during the first week of January, worth $43 million. “Our guiding company strategy at Bitfarms is to accumulate the mos...
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Sterling has more room to climb
The GBP/USD pair continued its bullish trend on Monday as investors focused on last Friday’s economic data from the United States. The pair rose to a high of 1.3600, which was about 3.25% above the lo...
WisdomTree: Bitcoin is like gold
During a recent interview, WisdomTree’s Global Chief Investment Officer Jeremy Schwartz said that Bitcoin plays a similar role to gold. The WisdomTree ETF WisdomTree is a $76 billion-plus asset manag...
Former Amana Executives Team Up to Start a New Venture
Two former Amana Capital executives, after parting from the broker recently, have launched a new venture, Mahfoom Technologies, that is aimed to provide financial literacy in the Arab world. Former To...
Top Crypto Assets are in Fear Trajectory, Could this Signal a Bounce?
The crypto market continues to be in the red based on more liquidation, resulting in the leading cryptocurrencies being in the fear zone. Market insight provider Santiment confirmed: “Have we di...
Dollar Starts 2022 with Support as Inflation Test Looms
The year has started well for the US dollar as the currency gains value across multiple regions. The primary reason behind the surge is stated by traders’ faith in the inflation data by Fed officials ...
SHIB Plunges 17% Weekly as Downtrend Accelerates
Key Support level: $0.000027 Key Resistance level: $0.000029 Last Saturday, SHIB fell to $0.000027, making a lower low which reconfirmed the downtrend. At the time of this post, SHIB appears to have f...
TooNFT: The Blockchain-based Webtoon platform launches on Toomics’ ecosystem
Anyone who has been paying attention to the world of NFTs (non-fungible tokens) will know that people love investing in cartoon-themed initiatives. Whether it be the immensely popular canine-oriented ...
‘Deltacron’ variant prompts doubts among experts as possible lab error
Covid lab technicians in India on Friday Jan. 7, 2022. Bloomberg | Bloomberg | Getty Images Global health experts are casting doubts over reports of a new possible Covid-19 mutation that appeared to b...
Nearly 8,000 Arrested, Dozens Dead In Kazakhstan As Officials Blame Terrorists For Violent Unrest
Topline Nearly 8,000 people were arrested and dozens died throughout Kazakhstan last week, government officials announced Monday, following a security crackdown amid anti-government protests and waves...
Binance CEO CZ now worth more than Satoshi Nakamoto
Excluding his cryptocurrency holdings, Binance CEO, Changpeng “CZ” Zhao, is worth over $96 billion according to a new estimate. The estimate makes him the 11th richest person in the world. Changpeng Z...
Cardano achieves goal to plant more than 1M trees
Cardano (ADA/USD) has reached the first goal in its restoration efforts. The Cardano Foundation announced it has now planted over a million trees. It is an NPO that oversees developments on the Cardan...
Call Of Duty Co-Founder Backing Project
After successfully raising $7 million in the latest funding round, SPACE Metaverse is using it in growing its team by adding more talent from the gaming industry. SPACE Metaverse, or SPACE, an emergin...
Bittrex Global Has Recruited Paul Grier as Its New Chief Marketing Officer
Bittrex Global announced that it has recruited Paul Grier as its new Chief Marketing Officer, effective from 1st January 2022. Finance Magnates recently learned from a press release that Paul Grier, a...
Bitrue Launches New Yield Farming, How You Can Take Your Crypto Profits And Maximize Them
Top crypto exchange Bitrue recently announced a new feature that will provide crypto investors with more opportunities to benefit from the growing industry. Bitrue’s new Yield Farming Hub will enable ...
Alibaba Stock Gets a Target Price Cut. But It’s Still a Buy.
Text size Investors have been buying the big dip in Alibaba’s stock price. Greg Baker/AFP via Getty Images Analysts at Citigroup have slashed their target price on Alibaba stock—but they still s...
UAE regulators pave way for crypto and blockchain adoption, says legal expert
While many countries are inclined to simply ban the use of Bitcoin (BTC) and virtual assets, regulators in the United Arab Emirates are taking a different approach. The country has been consistently ...
196.3 Million SHIB Burned in Past 7 Days, 2.5 Million Destroyed within 24 Hours
Yuri Molchan According to recent data shared on Crypto Twitter, over the past week, almost 200 million SHIB have been destroyed According to Twitter user @shibburn, who regularly shares data from ethe...
World’s Biggest Crypto Fortune Began With A Friendly Poker Game
Changpeng Zhao has become an unlikely entrant in the list of Bloomberg Billionaires Index. He recently surpassed Mukesh Ambani to become Asia’s wealthiest entrepreneur. Zhao is now closer to overtakin...
Kosovo Police Seize Hundreds of Bitcoin Mining Machines Amid Electricity Shortages
Police in Kosovo reported the seizure of more than 300 Bitcoin mining devices since the raids against miners began last week. On January 6, police said it confiscated 67 mining devices “suspected to b...
Bitcoin (BTC) Struggles With $40,000 Level After Suffering Bearish Week
Bitcoin (BTC) is still trading above some important horizontal support levels but is not showing any decisive bullish signs. Bitcoin decreased considerably during the week of Jan 3-9, falling to a low...
Paypal working on its own stablecoin
After weeks of rumours about a PayPal project linked to the creation of its own stablecoin, now comes the first confirmation from sources in the American electronic payments company. PayPal and crypto...
UFC Star Jorge Masvidal, Whatnot Partnering On Live Stream Collectibles Channel
Jorge Masvidal, left, talks to Dwayne “The Rock” Johnson after a welterweight mixed martial arts … [+] bout against Nate Diaz at UFC 244 early Sunday, Nov. 3, 2019, in New York. Masv...
5 Top Crypto to Buy this Week [BTC, ETH, SOL, BNB, ADA] January Week 2 2022
The crypto space began 2021 with a bang with record highs shown in the first half of the year. In 2022, the nascent industry has taken a more subdued form as most blockchain-based assets are currently...
Cardano Price Eyeing Massive Upswing! Analyst Says Catalysts on the Horizon!
For cryptocurrency investors, the weekend is still a challenging period. Cardano’s ADA has been on a downward trend since late December, with no indications of recovery. The bears have managed to main...
Peter Marton Joins NYSDFS as Virtual Currency Chief
New York State Department of Financial Services (NYSDFS) has recently hired Peter Marton, former Direct Digital Assets at Promontory Financial Group, as its next Deputy Superintendent of Virtual Curre...
Spanish Lawmaker Tables a Proposal to be Bitcoin Mining Hub after Kazakhstan Internet Shutdown
Maria Munoz, a member of the Congress of Deputies, seeks to make Spain a Bitcoin mining hub while the turmoil is still rocking Kazakhstan. Munoz pointed out: “The protests in Kazakhstan have rep...